US
US Economy Heading Back Into Recession
Written by Roman Baudzus
Data released over the last week indicates a significant deceleration in US economic activity. America’s job market is still struggling, while consumer confidence is falling – hurt in particular by rising petrol prices. In contrast, the demand for gold and silver is solid owing to growing fears ...
Reads: 1332
Robert Reich & the Debt Ceiling: The Softer Side of Radicalism
Written by Daily Bell
The battle for the soul of the GOP ... Who's more influential in the Republican Party - the so-called Tea Party, or Wall Street and big business? The answer will be critical in the weeks ahead as the House decides whether to raise the limit on the nation's debt. – Syndicated column/Dedham ... Read more: Robert Reich & the Debt Ceiling: The Softer Side of Radicalism
Reads: 963
Inviting Chaos: The Perils of Toying with the Debt Ceiling
Written by Ellen Brown
[T]hreatening to default should not be a partisan issue. In view of all the hazards it entails, one wonders why any responsible person would even flirt with the idea. -- Alan S. Blinder,
A game of Russian ... Read more: Inviting Chaos: The Perils of Toying with the Debt Ceiling
Reads: 839
Stop Raising the Debt Ceiling
Written by Ron Paul
The federal government once again has reached the limit of its legal ability to borrow money, meaning it cannot issue new Treasury debt without action by Congress to increase the debt ceiling limit. As of this month, our "official" national debt- which doesn't include the staggering future payments ...
Reads: 644
Honest money, the dollar, and South Carolina
Written by Scott Martin
The South Carolina Legislature, with S.862, andH.4128, may turn back the clock on central government economic power. The bills’ stated goal:
To amend the code of laws of South Carolina, 1976, by adding article 18 to chapter 1, title 1 so as to provide that gold or silver coin, or both, ...
Reads: 740
HBO, Daily Beast, Sorkin and the Financial Crisis: Too Big to Explain
Written by Daily Bell
Too Big Too Fail ... At a New York screening of the new HBO adaptation of Andrew Ross Sorkin's Too Big to Fail, Treasury Secretary Timothy Geithnersaid that not only is our financial system not too large to go bust—but we're headed for another crisis. The Wall Street meltdown of late 2008 was, in ... Read more: HBO, Daily Beast, Sorkin and the Financial Crisis: Too Big to Explain
Reads: 1036
Raising the Roof on Debt
Written by Peter Schiff
Today the U.S. government officially borrowed beyond its $14.29 trillion statutory debt limit. And even though the Obama administration has assured us that accounting gimmickry will allow the government to borrow for another few months, the breach has given seeming urgency to Congressional ...
Reads: 543
Money Control Around the World
Written by Daily Bell
Argentina's lower house of Congress approved money-laundering legislation just weeks ahead of an international review of the country's anti-money laundering and terrorist financing controls. The bill, which enjoyed the backing of President Cristina Fernandez, was passed with 181 votes in favor and ...
Reads: 731
Cost of Bin Laden Deception: US$3 Trillion
Written by Daily Bell
As we mark Osama bin Laden's death, what's striking is how much he cost our nation--and how little we've gained from our fight against him. By conservative estimates, bin Laden cost the United States at least $3 trillion over the past 15 years, counting the disruptions he wrought on the domestic ...
Reads: 1068
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