China and other countries that now hold about 50 percent of all U.S. Treasury securities could start dumping them, further pushing up interest rates and swelling the national debt. It would be a vicious cycle of higher and higher interest rates and more and more debt. The United States has never defaulted on its debt [...]
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“(CorbettReport) – April 17th, 2011 – The mainstream finally gets around to asking why no banksters have been jailed for the 2008 meltdown; the G20 moves on its aim of establishing a world financial order; and the puppets-in-chief admit it’s all about regime change in Libya.” In year 2008, the banks were on the verge [...]
“I still don’t see a sense of urgency from the president about the massive federal debt,” said Sen. Lamar Alexander, Tennessee Republican. “His budget calls for too much government borrowing – even though the debt is already at a level that makes it harder to create private-sector jobs.” — Washington Times President Obama projects that [...]
“The Monetary Theory of the Great Depression is incorrect, however. Consequently, the Fed’s Quantitative Easing policy is more likely to exacerbate than resolve the global crisis,” Duncan argued in an article. “The Great Depression was caused by the inability of the private sector to repay the debt it incurred during the Roaring Twenties, just as [...]
“To me, there looks like some sort of tacit global agreement for nations outside of the euro zone to assist in the refunding of nations within the euro zone,” said Andrew Busch, global currency and public policy strategist with Bank of Montreal’s investment arm in Chicago. “Without question. there’s a lot of discussion about this.” [...]
“Never in our history has Congress failed to increase the debt limit when necessary. Failure to raise the limit would precipitate a default by the United States. Default would effectively impose a significant and long-lasting tax on all Americans and all American businesses and could lead to the loss of millions of American jobs. Even [...]
“The new international rules “will allow market participants to assess the quality of a bank’s compensation practices and the incentives towards risk-taking they support,” said Fernando Vargas.” It’s not the added regulation, it’s the fact that all these banks got bailout using tax payers money that should be the focus. If government did not bail [...]
“We’re talking about huge sums of money going to bail out large foreign banks,” said Senator Bernard Sanders, the Vermont independent who wrote the provision in the Dodd-Frank Act that required the Fed disclosures. “Has the Federal Reserve become the central bank of the world? I think that is a question that needs to be [...]
“Once again, for the very cheap seats, the re-recession predicted by the ECRI, has materialized (at least according to Ben the Bernank) and is being resolved with $900 billion in monetization.” — ZeroHedge’s Tyler Durden The US Empire is toast. FDIC was bankrupt as of mid 2009 and has been getting the ‘unlimited taxpayer bailout’ [...]
“If we end up 12 months from now with countries taking protectionist measures, everyone will suffer. I think the absolute imperative for this weekend [at the G20] is a clear demonstration that every member of the G20 recognises that the imbalances are a problem . . . If we don’t do that then I fear the next 12 months [...]
“By buying government bonds, the Fed aims to keep long-term interest rates low, hoping it will lead consumers to spend and companies to invest more, thus helping to propel the economy forward. Short-term interest rates were slashed close to zero in Dec. 2008, so the Fed no longer has its traditional weapon to boost the [...]
“Blacks across America are drowning in debt and, unless they start putting finances in better perspective, their future freedom is at stake. ” Rev. DeForest Soaries, pastor of First Baptist Church of Lincoln Gardens in Somerset, N.J. A very wise mother used to have a saying: “It’s not the high cost of living that’s the [...]
“Home buyers looking to buy out of foreclosures will step back from the market. Mortgagors considering strategic default will see less risk in doing so, thus leading to more defaults. Throw in the lawyers and the politicians and it’s a perfect storm of uncertainty, gridlock and wealth destruction. Just what we don’t need right now. [...]
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