Economics and Investing:

Eric Sprott: “Expect The Gold To Silver Ratio To Hit Single Digits”. JWR’s Comment: This reinforces my prediction of the continuing gold/silver ratio slide. If you have the secure storage space available, then it is high time to ratio trade out of gold and into silver.

Reader Sue C. sent this: Obama Officials Tried to Convince S&P Not to Issue Credit Warning

C.D.V. sent this: Americans Shun Cheapest Homes in 40 Years as Owning Loses Appeal

My brother-in-law wrote to mention that I had missed mentioning this: Historic Budget Cuts… Of One Percent?

F.G. sent this from The Wall Street Journal: U.S. Firms Shift Hiring Abroad

Items from The Economatrix:

Gold Soars to Record in Sixth Straight Session

Paul Farrell On The 10 “Doomsday Trends” Set To Destroy America

Jim Rogers Comments On Triple-digit Silver And Issues Warning:  “Parabolic Moves Always Collapse”

Warning Signs Of A Coming Currency Crisis

The Party’s Over–The Oncoming Economic Tsunami

Steve Quayle:  Silver Supplies are Tightest in History

Gold Hits Fresh Record as Dollar Slides

Get Ready for Gold @ $2,000 By Year’s End

Job Hungry Americans Flock to McJobs

Obama:  US Finances are Unsustainable