WARREN BUFFETT: 'The Debt Itself Is Not A Problem'
• Business InsiderCBS's Rebecca Jarvis had a brief profile on billionaire Warren Buffett this morning.
Contents Pages by Subject
Economy - Economics USA
To Live Like A Middle Class Citizen In NYC, You Have To Make At Least $80,000
• Business InsiderThe New York Times set out to define what "middle class" means in Manhattan.
Jim Cramer Got The Ultimate Vindication This Week
• Business InsiderIt was an earthshaking rant, arguing that Wall Street was in horrible shape, and that the Fed was asleep at the wheel
'They Will Come With Guns To Take Our Guns'
• Lewrockwell.comRon Paul on what's ahead, if the DC gangsters get their way
America Should Declare Bankruptcy: Doug Casey
• Yahoo! News blog“Bernanke is quite correct, it is theatrics,” Doug Casey tells The Daily Ticker. “The problem is the amount of debt itself. The problem is so big at this point, I think it’s very questionable whether this can be solved at all.”
Good news for a change about job creation
Menckens GhostSome readers have said that they want good news from me and are tired of hearing about the country being broke and stealing money from the frugal and productive in a futile attempt to stop the fiscal bleeding. Okay, here are two items of good news:
Do You Want To Scare A Baby Boomer?
• http://www.prisonplanet.com, Michael SnyderIf you want to frighten Baby Boomers, just show them the list of statistics in this article.
Are you a foolish saver?
Menckens GhostAre you a saver and thus someone who provides capital for investment, for job growth and for national prosperity? Then you're a fool. Like me. Shame on you. Shame on me. Read the following to see why.
Crossing Through The "X Date" - What Happens After The US "Default"?
• http://www.zerohedge.com, by Tyler DurdenCall it "X Date", call it "D(elinquent/efault)-Day", call it what you will: it is simply the day past which the US government will no longer be able to rely on "extraordinary measures" to delay the day of reckoning, and will be unable to pay all its
The Trillion Dollar Trick
• http://www.thedailybell.com, By Peter SchiffThe birth, and the apparent death, of the trillion dollar platinum coin idea may one day be recalled as a mere footnote in the current debt crisis drama.
The Federal Government Hands Out Money To 128 Million Americans Every Month
• http://theeconomiccollapseblog.com, By MichaelThe number of Americans receiving money directly from the federal government has grown from 94 million in the year 2000 to over 128 million today.
Goldman Sachs And The Big Hedge Funds Are Pushing Leverage To Ridiculous Extremes
• http://theeconomiccollapseblog.com, By MichaelAs stocks have risen in recent years, the big hedge funds and the "too big to fail" banks have used borrowed money to make absolutely enormous profits.
Retail sales point to firmer consumer spending
• ReutersU.S. retail sales rose solidly in December as Americans shrugged off the threat of higher taxes and bought automobiles and a range of other goods, suggesting momentum in consumer spending as the year ended.
Obama to discuss fiscal issues at news conference
• ReutersPresident Barack Obama scheduled a surprise news conference for 11:15 a.m. EST (1615 GMT) on Monday to press his case for raising the U.S. borrowing limit.
Media angst over tuition loans but not car loans
Menckens GhostJust when you think that the media can’t get any more herd-like, shallow, formulaic, unquestioning, and misleading, they prove otherwise. Their angst over tuition loans is a case in point.
There Will Be No Economic Recovery Prepare Yourself Accordingly
• govtslaves.infoEverything you need to know that the media is not telling you. Stefan Molyneux, host of Freedomain Radio – and winner of the 2012 Liberty Inspiration Award – breaks down the unspoken facts about the end of freedom
EL-ERIAN: The Trillion Dollar Platinum Coin Just Might Work...
• http://www.businessinsider.com, Matthew BoeslerHave you heard about the trillion dollar platinum coin proposal to avert a debt ceiling crisis next month?
The Timing Of This Year's State Of The Union Could Make It One Of The Most Dramatic Of All Time
• http://www.businessinsider.com, Brett LoGiuratoPresident Barack Obama will deliver the State of the Union Address on Feb. 12 this year after he accepted House Speaker John Boehner's invitation this morning.
The True Story Of The Time The Government Printed A $100,000 Bill
• http://www.businessinsider.com, Rob WileA $1 trillion-dollar coin seems like a high denomination to ask the government to print.
The Banksters are dropping like flies. Over 300+ resigned.
• Daily Paul.comCheck out Drake at "66" it's 2 hours long but he explains the forces behind the banking resignations and how they will be brought to justice.
Senate Democrats urge Obama to bypass Republicans on the debt ceiling
• Washington PostDemocratic leaders in the Senate urged President Obama to consider bypassing Congress to prevent the nation from defaulting on its spending obligations if lawmakers cannot agree to raise the nation’s $16.4 trillion debt ceiling next month.
Japan PM leans on BOJ as government launches big economic stimulus
• ReutersJapanese Prime Minister Shinzo Abe made his biggest push yet to make jobs growth part of the Bank of Japan's mandate as his government approved $117 billion of spending to revive the economy in the biggest stimulus since the financial crisis.
BUFFETT: 'The Banks Will Not Get This Country In Trouble, I Guarantee It'
• Business InsiderWarren Buffett, the billionaire investor who oversees stakes in some of the largest U.S. banks, said the nation’s lenders have rebuilt capital to the point where they no longer pose a threat to the economy.
Tim Geithner's Amazing Legacy In One Chart
• Business InsiderTim Geithner is in his final days as Treasury Secretary, as Obama officially nominated Jack lew to take over his role.
Here's What Happened To The Stock Market The Last Time We Got Into A Debt Ceiling Crisis
• Business InsiderThe U.S. hits the debt ceiling and begins the process of defaulting on its debt on February 15, 2013, a day known as the "X date".
BUFFETT: 'The Banks Will Not Get This Country In Trouble, I Guarantee It'
• Business InsiderWarren Buffett, the billionaire investor who oversees stakes in some of the largest U.S. banks, said the nation’s lenders have rebuilt capital to the point where they no longer pose a threat to the economy.
This Wouldn't Be The First 'Crazy' Monetary Action By A US President
• Business InsiderAmerica's government is full of oddities, and here's one: it is possible for the government to pass spending and tax bills which lead to an illegal amount of accumulated debt.
Washington's Hegemonic Ambitions Are Not in Sync With Its Faltering Economy
• http://www.thedailybell.com, By Paul Craig RobertsIn November the largest chunk of new jobs came from retail and wholesale trade. Businesses gearing up for Christmas sales added 65,700 jobs or 45% of November's 146,000 jobs gain.
Zombie Nation
• http://www.thedailybell.com, By Bill BonnerCreating and sustaining a nation of zombies is expensive.
65 Percent Of Americans Believe That 2013 Will Be A Year Of Economic Difficulty – Photo by Larali21
• http://theeconomiccollapseblog.com, By MichaelDo you believe that economic trouble is coming in 2013?
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