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Economy - Economics USA

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KN(a)PPSTER

Not content to just impose "cap and trade" on American industry, Henry Waxman (D-CA) and Edward J. Markey (D-MA) want to slap tariffs on goods from countries whose own idiot pols don't adopt similar schemes.

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AntiWar.com

by Rep. Ron Paul, Last week Congress passed the war supplemental appropriations bill. In an affront to all those who thought they voted for a peace candidate, the current president will be sending another $106 billion we don’t have to continue the bloodshed in Afghanistan and Iraq, without a hint of a plan to bring our troops home.

News Link • Global Reported By Anonymous Watchman
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Reason

Artist Thomas Thwaites explains the gist: "I'm trying to build a toaster, from scratch—beginning by mining the raw materials and ending with a product that Argos sells for only £3.99." So Thwaites has been traveling around the world to acquire iron, nickel, copper, and oil from which he planned to make refined petroleum for the appliance's plastic moldings.

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arclein

So while he is riding along, he is also trying to ignore the big domestic government finance disaster rushing down the rail toward him. California is screaming for help and others can not be far behind. The cities must be facing huge contractions in their budgets. In the end it will become visible and congress will be forced to react again in a panic. All this is foreseeable and plans can be made.

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Banks, large banks can't fail but smaller ones can fail and be bought out by stronger banks. Insurance companies can not fail. Auto giants can fail after they have been given a few billion perhaps to be given to the companies that a

Letters to the Editor • Global
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Reuters

Moody's Investors Service said the U.S. government's triple-A credit rating was safe but added that it could be at risk if Washington were unable to bring its public debt back to a downward trajectory. Financial markets have repeatedly been spooked this year by concern that triple-A rated governments such as the United States and Britain could face credit ratin

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arclein

The point is that only the US government can print the currency to accommodate this shift back to conservative lending practices. It is US denominated debt after all. And they did want to be the world’s reserve currency. That means they now get to establish global banking standards and get to own an incredible amount of bank paper throughout the world. Otherwise, an alternative will be found and we will likely repeat this all over again in about twenty to forty years in a different form of currency. The US currency bubble will then continue to contract and retreat into the US local market as deleveraging contracts the supply.

News Link • Global Reported By robert klein
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In an affront to all those who thought they voted for a peace candidate, the current president will be sending another $106 billion we don’t have to continue the bloodshed in Afghanistan and Iraq, without a hint of a plan to bring our troops home.

Many of my colleagues who voted with me as I opposed every war supplemental request under the previous administration seem to have changed their tune.

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