Economics and Investing:

The U.S. economy is now spinning out of control. It is now apparent that the 2008 credit crisis was never resolved. Rather, it was simply postponed, by creating $16 trillion out of thin air. With all that cash pumped into the system, a few people are now singing Once In A Lifetime, but most are singing the Hard Times Blues, or even Are They Gonna Make us Outlaws Again?

A recent piece by Tyler Durden: EU Debt Restructuring Leads to Bailout Euphoria / Silver to Double to $100 Say Citigroup. Tyler notes: “…it is very unusual to see such a bullish call from a major bank and suggests that at least some of the major banks see the writing on the wall regarding much higher silver prices. They are likely positioning themselves accordingly.”

Anthony T. mentioned: Largest Municipal Bankruptcy in History Could be filed next week (in Jefferson County, Alabama.)

Sue C. pointed me to some commentary from Rick Moran at The American Thinker: You know you live in a banana republic when…

Some commentary by Yohay Elam at FOREX Crunch: US Debt Ceiling: Three Ways This Can Unfold

John R. kindly sent us a big pile ‘o links:

We Print Bonds – Not Money Martin Armstrong

Deficits and Stimulus Only Delay the Inevitable Collapse Bob Chapman

100 Basis Points to Armageddon Bill Bonner

How Greece Could Trigger Another “2008? Event Graham Summers

500 Million Debt-Serfs: The European Union is a Neo-Feudal Kleptocracy Charles Hugh Smith

“Down To The Wire”: Oakree’s Howard Marks Takes On The US Debt Ceiling Tyler Durden

As Europe acts on debt crisis, U.S. dithers Tom Petruno

Faber: Ben Bernanke doesn’t understand international economics Jim Puplava