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‘America Is Bankrupt’ Claim is Total Nonsense! Here’s Why

We are being bombarded daily with breathy articles about a United States groaning under deficits that surely signal bankruptcy, Social Security checks that eventually won’t clear, and of course a looming financial crisis…Much of this commentary is well written – it certainly is popular – but it is total nonsense. [Let me explain.] Words: 960

April 23rd, 2011 | Posted in Debts/Deficits,Economy | Read More »

NOTHING Can Stop Coming Inflation: Bank for International Settlements Report

A recent research paper* by the Bank for International Settlements, entitled “The Future of Public Debt: Prospects and Implications” paints a terrifying prospect for the inhabitants of most of the developed world with deficits spiralling out of control for every western industrialized country under study and inflation a foregone conclusion as a result. Words: 1128

April 13th, 2010 | Posted in Economy,Inflation/Deflation | Read More »

Volcker: Tax Hikes Likely Needed to Tame Deficit

The United States should consider raising taxes to help bring deficits under control and may need to consider a European-style value-added tax and a carbon or other energy-related tax may become necessary says White House adviser Paul Volcker. Words: 758

April 10th, 2010 | Posted in Economy | Read More »

 

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