The only thing more ridiculous than S&P's too little too late semi-downgrade of U.S. sovereign debt was the market's severe reaction to the announcement.
Marc Faber the Swiss fund manager and predicted the value of the dollar in the long term will be zero and advised investors to become "their own central banks and gradually accumulate gold reserves as a currency".
“Mortmain”, derived from medieval French meaning “dead hand”, refers to legal ownership of property in perpetuity. Jurisprudence, to varying degrees, has sought to prohibit the control of property by the “dead hand”.
S & P wages war on American workers
The passage from war to peace is more critical for an established order than the passage from peace to war. ~ Eric Hoffer (1951)
Its close to the point where consumers say they will have to start cut back to pay their fuel expenses. This could adversely affect restaurants, malls, and entertainment venues that count on people driving to get there.
Ratings agency Standard & Poor's has cut the outlook on US sovereign debt to "negative", raising doubts about Washington's ability to tackle its huge debt and fiscal deficits.
The EU Crack-Up - Lew Rockwell on the inevitable outcome of conglomeration, fiat money, fractional banks, and bailouts. / The Real Reason for the 'Civil War' - Believe none of the official tales, says Kirkpatrick Sale. / Egypt's Revolution Has Just B
In the coming brave, new world, the US shall be diminished and a new order shall dawn.
“Collapse may come much more suddenly than many historians imagine. Fiscal deficits and military overstretch suggests that the United States may be the next empire on the precipice.
China, India, Russia and Brazil just spent their entire summit meeting discussing the system that will replace the US dollar as the world's reserve currency.
Even the most generous estimate of the spending cut passed this week -- $38.5 billion -- is a paltry 3.5% of the $1.05 trillion in spending through the next 5 months. This hardly makes a dent in our government's mountain of debt. Even worse
This information will not mean much to most people. Even for those who understand it, very few will have the means to do anything about it. But here it is, the end game laid bare. Read it several times. If you are able to gain from it, good for y
Our country is on the verge of financial Armageddon!
S&P affirms the U.S. AAA rating but downgrades the outlook to negative Boom! That's the sound coming from the White House as its monetary moves and strategy's, including QEII, have culminated in the downgrading of the outlook on U.S government d
They ran against debt. They swore and swore again they’d cut up the nation’s credit card. Now the 87 freshmen House Republicans are facing intense pressure that they must vote to allow the federal government to go even deeper into debt.
Congressional Republicans have assured President Obama they would not hold the economy hostage over raising the debt ceiling, Treasury Secretary Geithner said. But Republicans appearing on television news shows insisted they would not support an in
The Organization for Economic Cooperation and Development (OECD) has released a report stating that the United States has the highest percentage of incarcerated citizens in the developed world and ranks ninth from the bottom in social spending.
The debt, fraud and lack of financial regulation that catalyzed the near collapse of the worldwide financial system in 2008, 63 years after the end of the last Fourth Turning, have not been purged from the system.
The Talking Bears: Finally a source you can actually trust for the truth about inflation! Inflation stated ex-food and ex-energy is a statistic that only works for corporate CEO's and Federal Reserve Chairman Ben Bernanke! Every month the rele
#2 Only 66.8% of American men had a job last year. That was the lowest level that has ever been recorded in U.S. history.
It began with a shoot-out at the Circle K Ranch. The 12 best marksmen would ride shotgun as the world’s largest, privately owned stockpile of silver was secretly transferred into secure vaults.
Are there credible alternatives to $100,000 in debt for college? Yes.
And to get to that point, they all have to get burned. More people have to lose their houses, more people have to lose their margin trading accounts, we need something that happens that will cause these excesses to be flushed out of the system."
Obama seeks $4 trillion cut to deficit, higher taxes for rich ... Backs benefit programs, draws battle lines with GOP ...
We ranked high-income OECD economies based on their poverty rate and culled historical data to give a bigger picture of poverty in member nations
Preparing for an uncertain future when living in an apartment or a condominium ("condo") can be a struggle. When the Lord has not chosen to give you land to work with, you work with what he has given you.
Anyone who is responsible for balancing the checkbook or for the personal finances of their family, learn a valuable lesson from the federal government. The lesson? Exactly how not to do things! Imagine that you earned $40,000 a year and spent
A federal budget compromise hailed as historic for proposing to cut $38 billion would reduce federal spending by only $352 million this fiscal year, less than 1% of the bill’s advertised amount, according to the Congressional Budget Office.
The latest decision follows a stoppage declared earlier this month in North America. It also follows a decision to idle production in Japan from late April to early May after operating for two weeks in the country from April 18