National Debt/Deficit
The Great Unload Cometh
Aug 28th
“China has begun quietly unloading some of its own enormous holdings. In June, the Middle Kingdom sold $21.2 billion of paper, reducing its net long to $839.7 billion. This is little more than 10% of the total $8.18 trillion in federal debt that Uncle Sam has outstanding….” Click Here
US Dollar Close to a Total Collapse
Aug 9th
“The world reserve status of our currency created a demand for dollars, but through this, it also created a glut of Treasury bond holdings in foreign central banks, and an unserviceable national debt here at home”……
The Tax Tsunami
Jul 21st
From Investors.com
Many voters are looking forward to 2011, hoping a new Congress will put the country back on the right track. But unless something’s done soon, the new year will also come with a raft of tax hikes…….
Think We are in Recovery? Think Again
Jul 21st
This is a great article detailing unemployment figures. Click Here
Shipping Our Economy and Prosperity to China
Jul 11th
As the U.S. economy continues to implode, large American corporations are investing billions upon billions of dollars in China….read more
Illinois Can’t Pay Their Bills
Jul 3rd
“CHICAGO — Even by the standards of this deficit-ridden state, Illinois’s comptroller, Daniel W. Hynes, faces an ugly balance sheet. Precisely how ugly becomes clear when he beckons you into his office to examine his daily briefing memo.”
1930 vs 2008-2009
Jun 30th
This is a slide show of a variety of economic indicators between the two periods. Disturbing to say the least. Click Here
Have We Seen This Economic Cycle Before? Maybe 1930?
Jun 30th
This is a great article on the parallels of our current economic crisis and the beginnings of the Great Depression. Click Here.
Zogby: Liberals/Progressives Fail Basic Economic Questions
Jun 22nd
Are you smarter than a 5th grader? If you are then you are probably smarter than a liberal at least in basic economics. Conservatives and Libertarians excelled in the poll. If you want to read more here is the link in the Wall Street Journal. So do you think we should trust progressives, socialists, and liberals to fix our economy? I think they have no clue what to do and they continue to demonstrate that every day.
