Home > Keywords > Politics > Economy-budget

Economy-budget

  • Minnesota: Broken deals, bitter words and a state shuts down
    4 July 2011 par (Open-Publishing)

    Broken deals, bitter words and a state shuts down
    Dayton renewed his call to tax the rich; GOP pointed to harm of long-term debt. The governor and legislative leaders worked into the evening in a last-ditch bid for resolution.
    Dayton and Republican legislators have been stalemated since January over how to balance the budget and close out the projected deficit. Dayton largely won election on a promise to preserve cherished state services by increasing taxes on the richest 2 percent of (…)

  • July 4, 2011: The Cycle of Dependency and the Atrophy of Self-Reliance
    4 July 2011 par (Open-Publishing)

    July 4, 2011: The Cycle of Dependency and the Atrophy of Self-Reliance
    Charles Hugh Smith, July 2, 2011
    The 4th of July marks the birth of the nation, and as such is a good time to distinguish between the nation and its Central government, the Savior State.
    The 4th of July is a fitting day to ponder the reality that we are at Peak Government, and the Savior State is unsustainable. This is a matter of accounting: no nation can spend more than it generates in surplus real output forever. (…)

  • ’War on terror’ set to surpass cost of Second World War
    4 July 2011 par (Open-Publishing)
    1 comment

    ’War on terror’ set to surpass cost of Second World War
    By Rupert Cornwell in Washington
    Thursday, 30 June 2011
    The total cost to America of its wars in Iraq and Afghanistan, plus the related military operations in Pakistan, is set to exceed $4 trillion – more than three times the sum so far authorised by Congress in the decade since the 9/11 attacks.
    Click HERE to view graphic (101 kb)
    This staggering sum emerges from a new study by academics at the Ivy-league Brown University (…)

  • T-Minus Two Months Until The $500 Billion Rolling Debt Ticking Timebomb Goes Off
    2 July 2011 par (Open-Publishing)

    T-Minus Two Months Until The $500 Billion Rolling Debt Ticking Timebomb Goes Off
    Submitted by Tyler Durden on 07/01/2011 14:07 -0400
    Debt Ceiling Fitch New Debt Issuance ratings Ratings Agencies Reality
    Ever since the famous Stanley Druckenmiller Op Ed published in early May, which called for an outright default of the US, saying it would not be the end of the world, and in fact the US would emerge stronger as a result of finally taking the first steps to getting its fiscal house in (…)

  • It’s Official: China Is The "Mystery" Daily Buyer Of Billions Of Euros
    30 June 2011 par (Open-Publishing)

    by Tyler Durden 06/29/2011
    Over the past two weeks, we have been suggesting, tongue in cheekily, that despite the relentless desires of everyone to sell the EUR, it has continued to drift higher, due to some inexplicable force with bottomless pockets, which, after some deductive logic, we assumed was China. It turns out we were correct. Naturally, figuring out what China does with its $3 trillion in foreign reserves is sometimes more complex than brain surgery (except what it does every (…)

  • The Greek debt crisis and the end of Social Europe
    28 June 2011 par (Open-Publishing)
    1 comment

    Following the “Greek” crisis in the news can be puzzling for the average observer, who watches befuddled as “lazy Greeks” and their “profligate welfare state”, threaten her country’s fragile economic recovery. The situation becomes even more incomprehensible as the public discourse progresses from reports on the impending doom to reports about “rioting Greeks”, who quite ungratefully seem to be rebelling against their country’s own “salvation” by another massive ECB/IMF loan to their (…)

  • The Federal Reserve Is Selling Paper Gold and Buying Physical Gold
    27 June 2011 par (Open-Publishing)

    The Federal Reserve Is Selling Paper Gold and Buying Physical Gold The good ole "American way"—through proxies
    BY ROB KIRBY 10/04/2010
    A couple of weeks ago, I pitched an idea to some associates of mine who are involved in SERIOUS [tonnage] PRECIOUS METALS procurement—physical metal only—let’s just say HUGE money. I asked them if they would be interested in purchasing an “option”—cash up front—for the exclusive rights [first right of refusal on off-take] of a gold producer [miner] for a (…)

  • Those Who Know Will Understand
    27 June 2011 par (Open-Publishing)
    1 comment

    Those Who Know Will Understand
    BY JR NYQUIST09/17/2010
    According to some experts the U.S. economy is one “event” away from a catastrophic sequence. My own variation on this sequence goes something like this: first, the dollar collapses; second, the government’s response prevents any chance for recovery; third, political unrest and destabilization begins; last, the defensive function of the state fails as external and internal enemies take advantage of the country’s weakness. This (…)

  • Why We Are Totally Finished
    27 June 2011 par (Open-Publishing)

    Why We Are Totally Finished
    BY DAVOS SHERMAN OKST06/27/2010
    In A Nutshell: Corporatocracy Has Replaced Capitalism
    Capitalism Fixes Problems & Preserves Democracy: Capitalism is what we should be relying on to fix our problems. Capitalism has it’s own ecosystem, just like biology’s ecosystem. An economic ecosystem that weeds out the weak, has parasites that eat the failures and new bacteria that evolves and grows replacements for that which failed. A system that keeps everything in (…)

  • China Pledges Continued Support for European Debt
    27 June 2011 par (Open-Publishing)

    China Pledges Continued Support for European Debt
    26/06/2011
    Chinese Premier Wen Jiabao on Saturday said China will continue to buy euro-denominated bonds to support Europe, in China’s latest public endorsement of the efforts to contain a potential debt crisis in the common currency area.
    The remarks by Mr. Wen, who was in Budapest on a five-day European tour that will also take him to London and Berlin, came as European leaders wrangle over mechanisms to provide fresh financing to (…)