Somebody needs to explain the difference to the Village media crows.....because they are nearing hysteria in their frenzy to scare us all over something not really scary. Seriously....there is no "fiscal cliff."....just as sure as there were no WMD's
Washington Times: Rep. Ron Paul, whose maverick presidential bids shook the GOP, said in the wake of this week's elections that the country has already veered over the fiscal cliff and he sees no chance of righting ship in a country where too many pe
Greece’s downward spiral has come to the top of the euro zone agenda again, with economists and analysts warning that it is closer than ever to running out of cash, and that the survival of a coalition government brought in just five months ago is un
There isn't a day that passes as of late that the issue of debt doesn't arise.
The future of the United States of America is being systematically destroyed by our politicians, but unfortunately most Americans don't really grasp exactly what is happening.
The Republicans and Democrats of modern America—the red and blue faces of the state—have led us all down their yellow brick road of the welfare and warfare state. And now the curtain has been pulled back on the Great and Powerful Oz of Washington and
The Fed, seeming to give up on politicians, is trying to heal U.S. debt wounds with a dose of inflation.
Here are a few interesting tidbits to chew on:
You cannot "ease" your way out of a debt mess.
(Reuters) - Top U.S. executives have less confidence in the business outlook now than at any time in the past three years - and a key reason is fear of gridlock in Washington over the fiscal deficit and tax policy.
The latest round of extraordinary Federal Reserve stimulus is risky and leaves little room to maneuver should another crisis hit, economist Lawrence Lindsey told CNBC’s “Squawk Box” on Wednesday.
Color us unsurprised by this litte gem (via Bloomberg):
Identifying these social predators is the key to human freedom.
The threat of the "fiscal cliff" remains one of the most important events weighing on U.S. markets
The "fiscal cliff" looms in the United States as lawmakers face the possibility of automatic tax increases and spending cuts at the beginning of next year unless a deal can be reached to avert them.
Slowly and quietly, the U.S. Congress may be arriving at a consensus on how to avoid falling off the "fiscal cliff" on December 31 - by simply putting off its own deadline for most of the major year-end budget and tax decisions.
The Pentagon's budget grew each year Bush was president and the first 3 years that Obama was president. If the mandated cuts go through, the Pentagon will still be spending next year more than it did in 2006 at the height of the Iraq war.
Since Obama has taken office …. [through Q2 2012 for comparative purposes]
The Treasury Department is resisting General Motors' push for the government to sell off its stake in the automobile maker, The Wall Street Journal reports.
"It has never been easy to have a rational conversation about the value of gold," wrote Ken Rogoff in a 2010 piece titled $10,000 Gold?.
As noted by many of our readers, one of the key topics omitted from our article on the inevitability of economic collapse was the petrodollar system. Due to its significance, we felt that this subject deserves its own article. If you have never heard
Spain told euro zone finance ministers on Friday it will set clear deadlines for structural reforms by the end of the month, in a move European diplomats said would pave the way for an aid request before long to help it tackle its debt pile.
The Fed's announcement of QE Unlimited was a clear departure from past strategy: Rather than seeing asset purchases as an amount of money injected into the financial system, the Fed is now aggressively using the power of future guidance.
The supreme illicit fraud of central banking embodied in the Federal Reserve, acts as a private piggybank for favored cartel thieves. The liquidity of unlimited credit transfers to banksters, especially at zero interest, financed by unimaginable new
*MOODY'S SEES CUTTING U.S. WITHOUT DEAL TO LOWER DEBT/GDP RATIO
The leaders of the three parties in Greece's coalition government have failed to agree on a package of spending cuts worth 11.5 billion euro, which the Prime Minister says are crucial to restoring the country’s financial credibility.
The Treasury Dept said it was planning its biggest sale of shares in the American International Group to date, making the federal government a minority shareholder in the bailed-out insurer for the first time since it took control
NYU economist Nouriel Roubini was on Bloomberg TV this morning giving his thoughts on the ECB's new bond-buying plan announced yesterday.
Reader "X." wrote an article Re: State Government Debt Levels, in which the author makes the case that the US income to debt ratio is approximately 1:1
When the next U.S. debt ceiling comes around, one thing is for sure: the mainstream press will be shouting and crying about how important it is to lift the ceiling once again, thereby permitting the federal government to pile even more debt onto the