Can The Fed Stop Quantitative Easing?
• prisonplanet.comIf the Fed stops QE, confidence in the US dollar would rise. Money would flow into US investments, both supporting the US stock market and helping to finance the large US budget deficit.
Contents Pages by Subject
Government Debt & Financing
How Should Government Treat Energy Producers?
• dailybell.chAs the economy continues in its downward spiral and talks in Congress about reducing spending have only amounted to political theater, the subject of how the tax code treats energy has become a topic of controversy.
As Obama Hails Darpa, Senate Panel Knifes Its Budget
• Noah Shachtman via WIRED.comThe $150 million proposed cut — more than five percent of Darpa’s $2.98 billion budget — not only pits a powerful Congressional panel against a White House which has made science and technology a priority.
Cost of air conditioning for U.S. troops in MidEast more than NASA budget
• Kase Wickman via RawStory.comThe United States spends $20.2 billion annually on air conditioning for troops stationed in Iraq and Afghanistan — more than NASA's entire budget, NPR reported.
A Surge Of Treasury Issuance As Soon As The Debt Ceiling Is Lifted
• ZeroHedge.comThe Treasury will not only have to issue as much debt as before, but it will have to issue massively more in the short term to catch up to the ongoing run rate, and also in order to prefund the same retirement accounts it has been plundering...
James Howard Kunstler: Suspended Agitation
• Kunstler.comDon't get the idea that the USA can just occupy a grandstand seat and stuff its fat face with Cheez Doodles while the current act plays out in the center ring of the world financial circus. Plenty of intermingled American interests depend on how...
U.S. House keeps Libya funding, fails to authorize mission
• Xinhua & RT via PrisonPlanet.comA resolution that bars most funding for the U.S. military mission in Libya failed in the U.S. House of Representatives on Friday, shortly after another measure authorizing the Libya mission suffered the same fate.
“I’ll Be Gone—You’ll Be Gone” -- Democracy vs. Kleptocracy
• Gonzalolira.blogspot.com/In other words, by the time this mess blows up, we’ll be out of the picture, and therefore scot-free.
Tax Dispute Stalls Debt Talks
• http://online.wsj.com/The drive for a major deficit-reduction deal entered a new phase Thursday when Republican negotiators pulled out of bipartisan talks, leaving it to President Barack Obama and House Speaker John Boehner to resolve the toughest issues.
Perfect Storm, 3-D Financial Hurricane Coming
• EconomicPolicyJournal.comNewport Beach-based asset manager, Robert Arnott, tells Marketwatch that he sees a a “3-D Hurricane” — a perfect storm of deficits, debt and demographics...
Boehner's Nightmare: Can He Get The Votes For Any Debt Ceiling Deal?
• BusinessInsider.com/But behind the scenes, Republican leaders are frightened they won't votes to pass any deal to avoid default.
Christine Lagarde Releases Statement To IMF Executive Board Pitching Her Candidacy
• ZeroHedge.comI stand here as a woman, hoping to add to the diversity and balance of this institution." etc. Translation: no need to worry I will (allegedly) rape maids, so pick me.
Debt Ceiling Talks Collapse
• ZeroHedge.com5 weeks ahead of the day when the debt ceiling "extend and pretend" plan ends, talks have broken down, and in order to hike Congressional Nielsen ratings, this time seemingly terminally.
"Growing Your Way Out of Debt" Is a Fantasy
• OfTwoMinds.com/blogA funny little feature of interest is that when people see you're at risk of default, they start charging you more to borrow their money. And it isn't a tiny bit more interest, it's a lot. Think subprime teaser loan at 3% shooting to 8%, or 28% if...
Stockman: Warns on U.S. “Bond Armageddon”; First Default Could Be to IMF
• EconomicPolicyJournal.comDavid Stockman, former Budget Director under Ronald Reagan, told CNBC's Nicole Lapin that the first default by the United States government could be a payment to the International Monetary Fund.
The Death of Demand - The Post-Consumer Debt Economy
• ZeroHedge.comThe truth is the U.S. has long been a post-consumer economy. Everybody already had a TV, phone, car, etc. 40 years ago, which is coincidentally when wages began their 40-year stagnation and the nation's public and private debts began...
Retiring Boomer Hell: Demographics Predict 10%+ On The 10 Year?
• ZeroHedge.comWe wanted to present a curious chart which looks at the correlation between US social demographics (in this case, the ratio of retirees to savers) and the 10 year yield.
US approves $3.4bn Native American settlement
• english.aljazeera.netJudge agrees on multi-billion dollar settlement as reparations for stolen resources from Indian tribes.
THE FEDERAL RESERVE HURTS YOU!
•Ron Paul wants to audit the Federal Reserve, and then to end it. His book End the Fed explains why. Many readers of Freedoms Phoenix are familiar with Dr. Paul's and Dr. Murray Rothbard's works on monetary policy...
Debt Bondage: The Strategy That Has Never Worked
• Market-ticker.orgYou'd think that after more than fifty years people would wake the hell up and smell the coffee.
Greece debt crisis (28.79) and a downgrade of the U.S. economy
• The Economic SpyThe Greece debt crisis and the U.S. economy! Are we out of the woods on both? The stock market broke its losing streak this week, but does that mean the U.S. economy is out of the woods? Is the Greece debt crisis still an issue or has the most re
The Federal Debt Elevator: Going Up The Towering Inferno
• LewRockwell.comWhenever the public feels no pain, the public does not care what the government does. The public is oblivious.
Here Are Some Bottom-Up Ideas to Increase Job Growth
• online.wsj.comAccording to Messrs. Immelt and Chenault, the President's Council analyzed actions that "are critical to accelerating job growth in high-potential sectors."
Stock Market Tapped Out?
• dailybell.chPandora shares make spectacular plunge below IPO ... It didn't take long before Pandora went from music to investors' ears to the stock market's version of fingernails on a blackboard.
The US Deficit Problem Is At Civil War Levels
• BusinessInsider.com/This visualization of the U.S. deficit to GDP (or GNP) ratio shows how, historically, we're very close to Civil War levels, in terms of our deficit as a percent of GDP.
What Would Jefferson Think?
•America celebrates Independence Day with many flags and no reflection. We refer to the day as July 4th rather than Independence Day, and rightfully so.
Greek PM offers to quit amid protests
• english.aljazeera.netPapandreou pushes for unity government as protesters clash with police in capital Athens over austerity measures.
Today on LewRockwell.com - Wednesday June 15th, 2011
• lewrockwell.comThe Day of Reckoning for the West - When TBTF meets TBTK, says Gary North. Don't get caught between them. / Bank Runs, Price and Wage Controls, Social Unrest, Attacks on Business - Joe Salerno talks to Lew Rockwell about the monetary future.
U.S. Mint Tells CNBC: Fort Knox is a Closed Facility
• EconomicPolicyJournal.comAs a postscript to the story, CNBC asked for a tour of Fort Knox to film the gold... An official at the Mint told us that not he was not aware that any member of Congress had toured the facility since [1974]....Fort Knox is "a closed facility,"
The Economic Statistic US Elites Keep ‘Hush-Hush’
• LewRockwell.comDue to the message it is delivering, most US economists employed in financial institutions, governments and private industry, as well as financiers and politicians, want to ignore it.
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