Jeff in Virginia and Yishai both mentioned this: WikiLeaks cables: Saudi Arabia cannot pump enough oil to keep a lid on price. Count this as further evidence that Peak Oil is reality.
Michael Pollaro writes in Forbes: America, poised for a hyperinflationary event?
Air Force Dad sent us this: US Dollar Index: Momentum selling could be swift and steep. As Quantitative Easing (monetizing the National Debt) continues, look for plenty of downward momentum in the USDI.
C.D.V. sent: 10 Ways Weather is Wreaking Havoc on the Global Economy
Items from The Economatrix:
9% Unemployment Rate is a Statistical Lie
US Bank Closures Continue Rapid Pace as Four More Fail
Asian Demand for Gold and Silver Will Cause Much Higher Prices