IMF Proposal to Tax Bank Deposits
• http://www.batr.orgA report by Agence France-Presse, the International Monetary Fund strongly suggests countries tax the rich to fix deficit, is a caveat for a bigger risk
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A report by Agence France-Presse, the International Monetary Fund strongly suggests countries tax the rich to fix deficit, is a caveat for a bigger risk
Never raise it, he tells RT. Oh, and by the way, dollar hegemony is over.
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.
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
We're now almost two weeks into the government shutdown, and there's been no shortage of outrage over the fact that Congress remains unable to figure out how to end it. Recent polling has shown record levels of support for replacing every member of C
Sen. Rand Paul talked with Candy Crowley about the debt ceiling deadline on State of the Union
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."
Federal Reserve Chairman Bernanke should simply cancel the Treasury debt that it owns. The government can just forgive the government's debt. This wouldn't solve the debt problem entirely. The Federal Reserve doesn't own all US government debt; it ow
“There is precedent for a government shutdown,” Lloyd Blankfein, the chief executive officer of Goldman Sachs, remarked last week. “There’s no precedent for default.” How wrong he is.
But in its Fiscal Monitor report, subtitled “Taxing Times”, the Fund advanced the idea of taxing the highest-income people and their assets to reinforce the legitimacy of spending cuts and fight against growing income inequalities.
Week II of the apocalyptic government shutdown. And what a week it was!
Chinese government mouthpiece says 'Pax Americana' has failed on all fronts
He still hasn't figured it out 100%, but he's 100% pissed off,...and that is a very good thing.
Both Republicans and Democrats are suggesting that progress is being made on a deal to raise the debt ceiling and reopen the government.
In a speech to the Commonwealth Club, San Francisco, November 23, 2010, Peter Dale Scott gave a history of the various directives concerned with government continuity during a state of emergency.
Barack Obama is warning that if he does not get everything that he wants that he will force the U.S. government into a devastating debt default which will cripple the entire global economy.
We don't need a government! We just need all the things the government normally pays for!
House and Senate Republicans offered competing plans Thursday to resolve Washington’s debt-limit and government shutdown crises, as President Obama held the latest in a series of meetings aimed at persuading them to accept at least short-term solutio
Barack Obama is warning that if he does not get everything that he wants that he will force the U.S. government into a devastating debt default which will cripple the entire global economy.
Why would the president of the United States try to purposely hurt the American people?
Ron Paul just totally de-bunked Jack Lew's scare tactics in House testimony.
“The American people should realize that their politicians play with their destinies as well as the destinies of other oppressed nations for the sake of their personal vested interests,” the Taliban said in a statement.
In the spring of 1981, conservative Republicans in the House of Representatives cried.
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.
A U.S. debt default that lasts for more than a couple of days could potentially cause a financial crash unlike anything that the world has ever seen before.
I must say, that as an Enlightened Libertarian, I often find myself relating pieces of cinema and literature to our current political world.
As the Government shutdown in the US enters its second week, the country is just 10-days away from default, and the country’s main creditor China has urged Washington to take decisive steps to avoid bankruptcy and ensure safety of Chinese investments
As debates in D.C. continue to rage over the debt ceiling, and the continuing resolution to fund the government…we are reminded of the words of one Democratic Senator when a similar argument was taking place back in 2006.
A few days ago, the following was predicted:
While the world's largest hedge fund, the Fed, may not care about the performance of its "bad bank" assets, and thus is largely ambivalent if the US Treasury defaults on the $2 trillion in US paper held by Ben Bernanke, others don't have the luxury o