You really think we would let the Iraqis do this? You don't think there was a side deal with China and the US? Who buys our treasuries, and...
There's a reason the US runs trade deficits, it has to: http://en.wikipedia.org/wiki/Triffin_dilemma The question is, now that the world has...
Faber has worked in Wall Street and witnessed Asia's ascension onto the world stage over 30 yrs ago. He graduated with a Phd in Economics in...
Just like Scataphagos said - it's basically anyone's guess. Defaulting Pensions is just one otcome. Here are some other possible outcomes:...
Your 60.5% of GDP is meaningless. Why did you exclude intragovernmental holdings? Does that debt not exist? Are you a politician?
Either we pay the debt down before interest costs engulf a crippling percent of tax revenues (meaning less money for SS, Medicare, or defense), or...
If you haven't noticed - those contained the word "est." which means estimate. Obama also included the Iraq and Afghanistan war costs -...
Public debt is already well over 100% of gdp. Don't forget, more so than any other country in the world, the US has a HUGE municipal, county,...
They say that local gov'ts are excessive and corrupt in the blue states - and as a resident of NJ, I would agree with that. But looks like a...
The west lost those jobs, and in return, was able to keep employment high by increasing the financial sector - the FIRE Economy (Finance,...
From the article: Foxconn will boost monthly pay for most plant workers to 2,000 yuan ($293) from 1,200 yuan effective Oct. 1, the Taipei-...
I too believe in peak oil. But it's difficult to asses the future price of a barrel of oil without knowing what the value of currencies is in...
The economy will never be re-invigorated until the bad debt is flushed... we need massive deleveraging. Yes, we are successfully staving off...
Very interesting recent interview of Felix Zulauf: http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/5/28_Felix_Zulauf.html...
Most people still don't get it. They're using 1999 analysis to predict the future. The times have changed. Fannie and Freddie are zombies....
I'll play devil's advocate. There was a time that a BA, in whatever field, was useful for most people - not as much today. Subject matter was...
Can you rephrase? You're not making sense.
Excuse me, who destroyed us? Don't you get it yet? Irredeemable fiat currency require a ponzi system to survive. It's over. The only reason...
Did I say anything about zombies? Why do people automatically conclude it's mad max or status quo, but nothing in between?
I have a crazy feeling that in 7 years, one's credit score will be the least of one's worries.
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