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Government Debt & Financing

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dailybell.ch

Recent economic data show that U.S. job growth in May was negligible, while the official unemployment figure – at least the figure the Labor Department admits to – rose to 9.1%.

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lewrockwell.com

As the U.S. economy collapses, the thin veneer of civilization that we all take for granted is going to begin to disappear. In fact, there are already an increasing number of signs that the collapse of society is accelerating.

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online.wsj.com

Another dose of anguish about the global economic recovery sent the Dow Jones Industrial Average below 12000, pointing to a sixth straight weekly decline that would be blue chips' longest slump since 2002.

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The Economic Spy

And what happens if the debt ceiling is raised with no cuts in government spending? If the debt ceiling is not raised On one side of the argument you have the doomsday crowd who will tell you that if the U.S. debt ceiling is not raised before A

News Link • Global Reported By Michael Haltman
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thedailybell.com

China warns U.S. debt-default idea is "playing with fire ... Republican lawmakers are "playing with fire" by contemplating even a brief debt default as a means to force deeper government spending cuts

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The federal government once again has reached the limit of its legal ability to borrow money, meaning it cannot issue new Treasury debt without action by Congress to increase the debt ceiling limit.

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lewrockwell.com

There Are No Safe Banks - Only shaky, fraudulent, fractional-reserve operations, says Gary North. / Ron Paul: 'I'm Running Against John Maynard Keynes' - Ron talks to Lew about the meaning of his campaign. / Your Economic Future - Best case, worst ca

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ZeroHedge.com

At the heart of it all, the developed nations blew themselves a gigantic credit bubble, which fed all kinds of grotesque distortions, of which housing is perhaps the most visible poster child.

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