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Economy - Economics USA

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http://www.businessinsider.com, Kamelia Angelova

Detroit was once the symbol of prosperity and economic development, but with the decline of the American auto industry, the Motor City has fallen into a great state of dilapidation.

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arclein

In its third round of QE, the Fed says it will buy $40 billion in MBS every month for an indefinite period. To do this, it will essentially create money from nothing, paying for its purchases by crediting the reserve accounts of the banks from which

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http://theeconomiccollapseblog.com,

The Federal Reserve continues to pump up this "bubble economy" by recklessly printing money and by setting interest rates artificially low, and the U.S. Congress continues to stand aside and allow them to systematically destroy our economy.

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www.news.yahoo.com

The rule, which was adopted on a divided vote last year, restricted the volume of futures contracts that financial investors can trade for 28 commodities. They are agricultural commodities, energy and metals that are traded on several U.S. exchanges.

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http://www.dailypaul.com, P.Au.L

Federal Reserve Chief Ben Bernanke is likely to use a speech Monday to try to focus the market’s attention back on the central bank’s aggressive easing policy and away from the doubts about the policy, Fed watchers say.

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http://www.investmentcontrarians.com/stock-market/

The end of the third quarter produced the fourth straight month of gains, as we head into the always fun and volatile fourth quarter, which will also determine the next U.S. president. If you believe in the historical cycles, presidential election

News Link • Global Reported By Alex Oscar
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AP

Spain's public debt will reach 90.5% of its gross domestic product in 2013 with its new austerity budget, according to government documents. Spain also revised its debt ratio forecast for this year to 85.5% of GDP, up from 79.8%.

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Lew Rockwell blog

You need 2.5% to get anything even resembling enough growth to actually add real employment. GDP number includes growth in government spending too, so private-sector growth is even more anemic than 1.3% implies.

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LewRockwell.com

They're Going to Hell in a Handbasket - Don't join them, says Peter Schiff / 'Officer Safety' Is Sacred - Your safety is dirt. Article by Will Grigg / When the US Regime Collapses What are the chances for something better? Article by Terry Hulsey

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arclein

More astonishing than the bold plans for a massive rollback was the fact that Ottawa actually did what the document said. Total spending fell by more than 7 per cent over two years, while program spending (excluding interest) fell by almost 10 per

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http://www.investmentcontrarians.com

The latest data regarding the economic growth rate of America came from the Commerce Department’s durable goods report, and the headline numbers weren’t good. The total orders for durable goods in the month of August fell 13%, primarily due to a mass

News Link • Global Reported By Alex Oscar
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Last week I asked two libertarian economists why central banks and most mainstream economists are against deflation and in favor of inflation. They essentially said what the brilliant article below says: that the masses want their pay to increase,

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