Posts tagged as:

debt

Obama Rescues States With Shadow Bailouts and Interest-Free Loan Extensions

February 9, 2011 · 3 comments

in Obama, Obama Effect, US economy, bailout, bankruptcy, debt, government, news and updates, politics, stimulus, unemployment

Now we know that a whopping 32 states are officially bankrupt, and that apparently, the US government has been engaged in shadow bailouts of these states, i.e., “giving them money under the table.”
In addition, all that money that states borrowed from the Federal government in order to continue to pay unemployment benefits? Now they won’t [...]

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Which 18 States Are NOT Bankrupt Yet

February 9, 2011 · 1 comment

in 2011, US debt, US economy, bailout, bankruptcy, collapse, debt, living in US, market reports, moving to U.S., news and updates, unemployment

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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Niall Ferguson on the US Empire’s Tipping Point

January 18, 2011 · 8 comments

in FOMC, Federal Reserve, Niall Ferguson, QE, US Treasury, US debt, US economy, USD, bubble, capitalism, collapse, currencies, debt, deficits, emergencies, forecasts, future, indicators, inflation, infrastructure, risk, sovereign debt, spending, theories, world order, world reserve currency

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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Probability the US Postal Service Needs A Bailout

November 17, 2010 · 3 comments

in 2010, bailout, bankruptcy, business, capitalism, debt, earnings, economy, forecasts, government, infrastructure

Calls have been coming for a while to halt Saturday delivery by the US Postal Service (USPS) in order to cut back on costs, but this hasn’t stopped the USPS from raising pay checks in the meantime (and employee compensation has been estimated to be about 80% of their costs).
Yet just this past Friday, the [...]

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Money Never Sleeps – But Forward Thinking Does

September 25, 2010 · 3 comments

in US economy, bubble, capitalism, collapse, entertainment, films, market reports, money lessons, money mistakes, recession

Gordon Gekko turns from bull*hitter to born-again permabear and back again in Oliver Stone’s latest Wall Street: Money Never Sleeps (2010), a film with as many mixed messages as the S&P over the past year.
The plot of the entire film is driven by the ups and downs of the market – a mix of unpredictable [...]

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It’s bad enough to initially depend on just one source of income, but it’s even worse to not invest it or diversify it such that you protect it over time. In other words, there is more than one way to diversify your income.
(1) You can diversify your sources of income so that you have, say, [...]

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