From the category archives:

US debt

Now that the debt ceiling has been raised and the media have already turned to the question of how Obama will be celebrating his 50th birthday, it behooves us to consider the new market slump that has sunk in following registration of the reality of America’s debt situation.  Immediate crisis would seem to have been [...]

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With the U.S. debt ceiling becoming an ongoing economic issue for American politics, you may be confused about some of the terms you hear and read in the news – or worse, maybe you don’t even question them and you talk about “debt” and “deficits” interchangeably.
Taxes and spending sound equally bad too, but there are [...]

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The U.S. Treasury still expects it will hit its debt ceiling limit on May 16.  This week, Congress continues to debate the terms of any potential increase in the debt ceiling, while Geithner has taken action to initiate emergency measures by Friday in order to maintain current government spending levels below the debt ceiling.
These emergency [...]

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The Economic Policy Journal recently released a list of U.S. States that are officially bankrupt (i.e., insolvent).  These states are receiving SHADOW BAILOUTS from the federal government.  As Zero Hedge puts it, “one can only wonder how many other shadow programs are currently in operation to fund states under the table with federal money.”  He [...]

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So, like many people, maybe you’re sick of the so-called “doom and gloom” crowd – that’s too bad.  Because reality doesn’t depend on fashion and it isn’t going to wait for you to agree with it before basic cause and effect takes hold and serves you up a dish you don’t like.
Niall Ferguson is different [...]

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This spring of 2011, United States Congress will vote on whether or not to raise the debt ceiling.  What is the US debt ceiling? The debt ceiling refers to the total cap on U.S. borrowing through Treasury issuances of debt, in the form of bonds, to domestic and foreign holders.
If you think the U.S. is [...]

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2010 was one of the  best years on record for gold and silver – and predictions for gold and silver performance in 2011 are shaping up to be as varied and dynamic as they were back at the end of 2009, when everyone was calling for the gold bubble to burst.
Three Things That Would Kill the [...]

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