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Economy - Economics USA

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Prison Planet

In less than 2 days, if the Treasury secretary can be believed, the Treasury will not have enough money to pay all its bills and will have to prioritize.

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Tomorrow, Oct. 17, the Treasury Dept will run out of money and will no longer have the ability to borrow the funds needed to pay government's bills. The federal debt ceiling of $16.699 trillion was actually reached on May 19, but

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Economists see greater financial danger from an historical default. Christine Lagarde, the International Monetary Fund’s managing director, spoke fearfully about the disruption and uncertainty, warning on Sunday of a “risk of tipping, yet again, into

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There is no safe haven, Marc Faber tells Bloomberg TV's Tom Keene, "The best you can hope for is that you have a diversified portfolio of different assets and that they don't all collapse at the same time."

Article Image, by Alasdair Macleod

We are now into a second week of a partial Federal Government shut-down, which is causing considerable concern, centred on the Government’s ability to finance its debt and pay interest without a budget agreed for the new fiscal year.

Article Image, By Karen Kwiatkowski

17% of the government is going to getting a late paycheck, in a political drama channeling rage against seized-up tax and seize Obummercare, and longstanding business and investor uneasiness about what may come of unstoppable over-stocking at the D.C

Article Image, By Richard Daughty

At first, you know, I was predictably grumpy, visibly upset by the ugly news that the lawsuit against the Commodities Futures Trading Corporation, et al, for rigging and manipulating the silver market, was thrown out. The reason?

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by Wendy McElroy

As the FedGov continues to make the interest payments on the debt (and continues to roll over debt as it matures), the US is not in default.* I'm seeing the "default" meme being pushed hard by those who have a vested interest, namely,

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Increasingly worthless Federal Funny Money – and increasingly hard-to-find decent-paying jobs – have put an economic choke-hold on millions of Americans, compelling them to cut back on everything that’s not absolutely essential.

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Many people signing up for health care in Florida through the Affordable Care Act have been shocked when they have to give proof of their credit score before they finish the process.

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“These are not unforeseen consequences, but rather an obvious scheme by Too-Big-To-Fail (TBTF) banks to evade the consequences for their misconduct by further abusing their duties to investors,” AMI wrote. “This affects our clients, and in turn, the

News Link • Global Reported By Mike Brosnahan