Economics and Investing:

Glenn Beck puts the Federal debt cap deal in prepper terms.

An American Suicide

US borrowing tops 100% of GDP: Treasury

tom in Buffalo spotted this: Royal Bank of Scotland posts £794m loss after Greece hit

Avoid Disaster, Get Out of U.S. Assets: Peter Schiff (Thanks to G.G. for the link.)

Open letter to the London G20 Summit: Last chance before global geopolitical dislocation

Items from The Economatrix:

Debt Ceiling Agreement To Trigger Hyperinflation

Credit-rating Agencies Still Threaten US Debt Recovery

US Manufacturing Woes May Be Just Beginning

10 Signs The Double-dip Recession Has Begun