Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts

A Trillion Here, A Trillion There

A Trillion Here, A Trillion There - Tyler Durden
A Trillion There, A Trillion Here - Ben Bernanke

Is Bernanke quoting ZeroHedge?  If so, it's probably against the will of his conscious mind, at least that's what his face made it look like.  I'll try to find a youtube of it when this cspan feed wraps up

VIDEO

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Link to Debts

Students Are In Debt.  LINK

Educator who is proponent of debt system see students revolt.  LINK

Home owners are in debt.  LINK

Jefferson County Files Largest Ever Chapter 9 Filing  LINK

Italians are loosing control of their sovereign debt.  LINK

"Italy is finished"  LINK

"Italy sparks market bloodbath."  LINK

Portugal is in trouble with debt too.  LINK

So are the rest of the PIIGS.  LINK 

USA on the cusp of the point of no return.  LINK

MF Global is also in debt, and has been stealing investor money for a while now to cover it up.  LINK

MF Global Collapse causes investment in "safe" US.  LINK

"Corzine Lawyers Up"  LINK

Here are some of the world's biggest sovereign debtors.  LINK

This all has something to do with "The Decade Wall Street Went Insane", but more to do with monetary theory.  LINK

China displeased with its debt slaves.  LINK

America is bailing out rich people all over the globe trying to preserve the monetary system status quo.  LINK

Foreigners sell record amount of US Bonds.  LINK

Norway joins in US debt selling.  LINK

China refuses to bailout Europe.  LINK

Risks of debt contagion in Europe.  LINK

"Europe Goes Full Bailout Retard: EFSF"  LINK

Demand for EFSF paper plummets.  LINK

Indebted consumers are seeing their confidence plunge.  LINK

"The Beginning Of The European Endgame"  LINK

We were wondering if Europe would get their debt organized "in time".  LINK

Europe then wallows in "unsolvable problems".  LINK

"U.S. Debt Day of Reckoning Is Coming"  LINK

"US Monetary Policy - Disharmony and An Unbroken Will to Plan"  LINK

"A Key Lesson From Iceland"  LINK

"Greek Referendum a Sign of Democracy Flourishing?"  LINK

Markets Slump on News of Referendum.  LINK

Will Greece Pull an Iceland?  LINK

Papandreou resigns.  LINK

The True Intrinsic Value of Euro 'Money'" LINK

"L'orrore, L'orrore"  LINK

Link to Death of a Monetary System

MarketOracle has these charts on Euro-zone debt contagion and money in general.  LINK

Doug Casey writes "How to Prepare for When Money Dies" which serves as a good companion to the prior article.  LINK

Peter Schiff: "U.S. Dollar is the Monetary Titanic LINK

Expectations of a meltdown in sovereign debt.  BBC via ZeroHedge.  LINK

Bank of England's Mervyn King calls this the "Worst Ever" UK financial crisis.  LINK

Harrisburg PA files for bankruptcy protection.  LINK

"Fear and Loathing" In Euro Banking System.  LINK

"Creditability" suffers, according to Jesse's Cafe.  LINK

Money and Markets says we have had warnings.  LINK

Derivative still set to explode.  LINK

Expectations of a market crash, again.  LINK

What it looks like as a comic.  LINK

Link to A Simplied Version of Current Economic Theory

Naked Empire has this to say about our monetary system.  LINK

Link to Post: CEO Pay and Tax Dodging

Institute for Policy Studies has this on CEO pay and tax dodging.

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Link to Post: The Revolution in Iceland Today!

An Update on Iceland, from NewsNetScotland via NakedEmpire, always worth checking up on:

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Link to Post: "Keynesian Solutions - After Total Failure -Try, Try Again"

Some of the basics in detail.  TheBurningPlatform via Zerohedge:

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Link to Post: "Lehman Brothers Secretly Borrowed From the Fed Before Collapse"

The Telegraph has this bit:

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Link to Post: "16 Reasons To Feel Really Depressed About The Direction That The Economy Is Headed"

From TheAmericanDream:

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Link to Blog: ZeroHedge: S&P Downgrades US Debt

Just had to copy this view of ZeroHedge into a post here, well worth seeing in my opinion.  Go to ZeroHedge and see for yourself if you don't believe me.  It's worth seeing the text under the first article link for their paraphrasing.  Also, in the comments: "Circle the wagons fuckers, they're on to us!"

Joint Statement By The Fed, The FDIC, NCUA And OCC

Presenting the joint statement by The Fed, the FDIC, NCUA, OCC. In essence: the Fed tells S&P to go fornicate itself. And for your corresponding pleasure, below are the media contact of note: Federal Reserve Susan Stawick (202) 452-2955;  FDIC David Barr (202) 898-6992; NCUA David Small (703) 518-6336; OCC Bryan Hubbard (202) 874-5307

And Just Because.... "Is There A Risk The US Could Lose Its AAA Rating?" Tim Geithner: "No Risk"

 
Peter Barnes “Is there a risk that the United States could lose its AAA credit rating? Yes or no?”
Geithner’s response: “No risk of that.”
“No risk?” Barnes asked.
“No risk,” Geithner said.

Link to Post: S&P Downdrades US Govt. Debt

Update 2: Washington's Overview: LINK TO POST

Update: Drudge Report spots the pdf: LINK TO PDF

Original: From Rueters:  LINK TO POST

Link to Post: US Debt is Bad

Market Oracle relates to us that the US debt levels have become much higher than they were in 2000, this is bad.  They have some ideas.  I think it is great that John Mauldin wants to help fix the debt issues with smaller government and less obligations.  However, I believe that we must first tackle and burn the current failing monetary system, so I'm just going to LINK THIS, thanks be to Meat Loaf.

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Silver vs Gold

Statement:
In short:  Silver is a better investment than gold for a number of reasons that end up being unimportant because of the nature of the inflation we face.  Silver and gold are both great investments presently, as well as being excellent stores of value.  Gold is going to cost more U.S. dollars to purchase in the future.  If you want to have more USD in the coming weeks, months, and years, then buy silver now and sell it later.  If you want to avoid the value loss associated with holding USD then buy silver and gold.  Additionally, if you would like to preserve value in the face of a discredited (no pun intended) collapsing world reserve fiat currency which is causing havoc everywhere silver will do that too!