Archive for June, 2010

CHART OF THE DAY: America’s Debt Problem Will Be Fine If Politicians Just Do Absolutely Nothing

Wednesday, June 30th, 2010

Vincent Fernando, CFA and Kamelia Angelova BusinessInsuder.com Jun. 30, 2010 The Congressional Budget Office shows us below how U.S. long-term debt will stabilize and actually be okay, if the government simply does absolutely nothing. Matthew Yglesias argues: See that line where the debt:GDP ratio is stable? That’s what happens under current law. If congress... »

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Why the Greater Depression Still Lies Ahead

Wednesday, June 30th, 2010

by Michael Pento FinancialSense.com June 30, 2010 If one does not know the real cause of a problem, they should also be unable to provide a genuine solution. Messer’s Obama, Bernanke and Geithner do not understand the real cause of this debt crisis. They are politicians first and economists or students of the market... »

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The CBO Issues Most Dire Warning On US Budget Yet, Warns US Debt Will “Swiftly Be Pushed To Unsustainable Levels”

Wednesday, June 30th, 2010

by Tyler Durden ZeroHedge.com 06/30/2010 In its just released Long-Term Budget Outlook, the CBO has come out with the most dire warnings on the US projected debt to date. In summary, the healthcare spending and the Social Security will consume an increasing portion of the budget and will push the national debt up sharply... »

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Did the Fed Economist Slam Bloggers for the Same Reason that Fundamentalist Priests Slammed the Printing Press?

Wednesday, June 30th, 2010

by George Washington ZeroHedge.com 06/30/2010 Kartik Athreya of the Richmond Federal Reserve Bank argues that bloggers are stupid, and that only PhD economists have a right to say anything about economics policy. This distinction is a little ridiculous, given that many of the world’s top PhD economics professors are bloggers. And it must be... »

Posted in Government Evil, Media Lies | No Comments »

Top scientist: Only one ship testing methane levels in Gulf, NOAA hiding results; Amount is “just startlingly high”

Wednesday, June 30th, 2010

FloridaOilSpillLaw.com UGA SCIENTIST: TOO LITTLE RESEARCH ON GASES AT OIL DISASTER SITE IN GULF, Sunday Paper, June 29, 2010: notes “I have read the reports from NOAA and I have yet to see methane measurements.” She says “the biggest hole is the gas data.”... »

Posted in Conspiracy, Earth Changes, Government Evil, Oil | No Comments »

Banks Financing Mexico Gangs Admitted in Wells Fargo Deal

Wednesday, June 30th, 2010

By Michael Smith Bloomberg.com Just before sunset on April 10, 2006, a DC-9 jet landed at the international airport in the port city of Ciudad del Carmen, 500 miles east of Mexico City. As soldiers on the ground approached the plane, the crew tried to shoo them away, saying there was a dangerous oil... »

Posted in Conspiracy, Corruption, Economics | No Comments »

The Coming Hard Rain

Wednesday, June 30th, 2010

A word to the wise: Great Depression survivors warn to batten down the hatches By Robert Morley TheTrumpet.com Most of your typical economic analysts have never lived through a really tough period of time. For the most part, excluding a couple of short recessions, they have only experienced the good times. To them, a... »

Posted in Civil Unrest, Economics, Government Evil, History | No Comments »

$600 sale? Tax form

Wednesday, June 30th, 2010

A blizzard of paperwork could be about to hit numismatics. by David L. Ganz NumismaticNews.com A blizzard of paperwork could be about to hit numismatics. Passage by Congress of the national health care legislation has had an unintended consequence to the nation’s coin collectors, vest-pocket dealers who buy and sell coins, and larger dealers... »

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It’s Depression Deja-Vu All Over Again!

Wednesday, June 30th, 2010

Henry Blodget BusinessInsider.com We had Dan Alpert of Westwood Capital on TechTicker this week. He’s not calling for another depression, but he thinks it’s a possibility… Yesterday, economist Paul Krugman said we’re headed for another Depression. The world’s new obsession with “austerity” will kill the global recovery, Krugman says, and plunge the economy into... »

Posted in Civil Unrest, Economics, Government Evil | No Comments »

Robert Shiller Says the Depression Scare is Back

Wednesday, June 30th, 2010

By Mark Thomas WallStreetPit.com Cutting government spending, raising taxes, raising interest rates, and hoping the rest of the world does the same as some have called for is not the answer to the threat of a depression. If people don’t begin to see unemployment falling soon, or some strong signal that employment markets will... »

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