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1Why is the stock market still falling if the bailout passed? 1 Citation YoungDad asked: When the bailout plan was killed in the House, proponents pointed to falling stock prices as a reaction to the failed bill. Now the bill has passed and the market is still dropping. Will this bill really improved confidence in the lending market and will it start to reverse the economic downturn. Alternatively, did we just add potentially $810 billion to our national debt?, technorati.com
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Maxing $10,639,798,482,512.69 National Debt 1 Citation Times Square?s National Debt Clock, which has been compiling money owned by the U.S government since 1989, is running out of spaces. The national debt broke $10 trillion on Sept. 30, but honestly there was so much going on that we can forgive everyone for being distracted. Including us. In September 2008, the dollar sign was eliminated to make a space for an extra digit, the ?1? in $10 trillion. A new clock is in works that will make a room for quadrillion dollars. Completion is likely in 2009, technorati.com
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Ron Paul: Our Finanacial System Has Collapsed 1 Citation In Ron Paul?s latest video released on his Congressional site he talks about his questioning of Bernanke yesterday. The video is a bit of a scholastic lecture on our fiat money system. During it, he claims, more than once, that our financial system has collapsed., technorati.com
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The Collapsing American ?Sphere of Influence.? 1 Citation Pretending Everything Ugly Is Actually Only Temporary 67A few words of a CNN, sub-editorial news report called for more attention. Among the now well worn list of the new President?s priorities was the inclusion of Chinese and Russian Federation diplomatic and economic entries into the Caribbean and South American countries of Cuba and Venezuela. You know, countries which we are supposed to ?own? under the Monroe Doctrine.The CNN report characterized these incursions as challenges to American, technorati.com
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Gold as an Investment ? How I Assess It and Why ? Post #6 of 11 1 Citation This is the 6th in a series of 11 Posts that will be published on this Blog each Monday and Wednesday from November 3 to December 8. All 11 Posts will be filed under the Blog Category ?Gold as an Investment?. For previously issued Posts in this Series click here. We hope you find this series of Posts useful. While preparing this Post Series, I found two recently published books I think particularly helpful: The Goldwatcher: Demystifying Gold Investing, John Katz & Frank Holmes, 2008, John, technorati.com
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The Art of Deception: Hank Paulson Speaks 1 Citation Yesterday, Secretary of the Treasury Henry Paulson published an Op-Ed piece in the New York Times. It was filled with doublespeak, platitudes, lies, and incredible ignorance. Chris Martenson parsed Paulson?s words, paragraph by paragraph, to shed some truth of the situation. Here?s a snippet: I have always said that the decline in the housing market is at the root of the economic downturn and our financial market stress. And the economy, as it slows further, threatens to p, technorati.com
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So bloodless takeover, anyone? 1 Citation So bloodless takeover, anyone? http://blog.foreignpolicy.com/node/10331 Anyone care to inform me what the tipping point is for us writing ?bad checks? to foreign countries? Written by charlie in: Uncategorized | Tags: GDP, National Debt Nov 14 2008, technorati.com
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1 Citation So where does all that bailout money come from? Uh China? Yes indeed! The Chicomms loan it to us.China passed Japan to become the U.S. government's largest foreign creditor in September, the Treasury Department announced yesterday, reflecting the dramatic expansion of Beijing's economic influence over the American economy.China's new status -- it now owns nearly $1 out of every $10 in U.S. public debt -- means Washington will be increasingly forced to rely on Beijing as it seeks to raise money, technorati.com
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1 Citation Just how much do you think the federal government has currently spent or earmarked to fix the financial crisis? Go ahead, think about it. $700 billion? No, try again. $1 trillion? Nope. Give up? The current estimate stands at? well, are you sitting down? $4.28 trillion dollars. That?s more than we spent on the entirety of WWII, adjusted for inflation. That?s more that we?ve spent during the entire history of NASA! In fact, if you look through this CNBC slideshow where they list the t, technorati.com
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Keeping the federal purse strings closed 1 Citation Keeping the federal purse strings closed November 20, 2008 ·, technorati.com
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