Economics and Investing:

Kevin K. sent this: The $1 Billion Armageddon Trade Placed Against The United States. (I suspect it might have been György Soros, et al. Oh, and I heard that Soros just bowed out of hedge fund management, except for his family’s own little $14 billion nestegg.)

W.D.V. suggested this: How America Could Collapse

It’s not the default, it’s the downgrade. (Thanks to Bill in Colorado for the link.)

Muddying the Muddy Waters.

Items from The Economatrix:

Greece Suffers New Credit Downgrade

The Kabuki Theater Of America’s Debt Ceiling

The $1 Billion Armageddon Trade Placed Against The U.S.

The World According To Gold — Literally

Debt Downgrade, Not Default, Is The Problem

Economy Recovery?