The Operating System of the US Government
Robbing Peter to pay Paul is not a durable line of work. Peter put in his money, but only in hope of a return that did not exist. Sooner or later, he would want it back.
The Daily Reckoning Australia
It’s the Debt Stupid, Part Duh
The bills, great or small, are still unpaid. They are among the $40 trillion worth of accumulated federal debt that must be serviced every year, for ever and ever and ever. Amen.
The ratio many gold investors missed in the August recovery… and why it could cost them dearly
Gold stocks were the best performing asset class last month. The recovery sparked by the US Treasury and the Federal Reserve lulled many to think that the golden days are back. Are they right? Here’s a number that can help you…
It’s the Debt, Stupid
Western governments used to be able to fill budget gaps by borrowing money. Now, the debt is gargantuan…interest payments are surpassing national ‘defense’ costs…and interest rates are going up.
All Bubbles End in Deflation
When the feds are going to print money, the dollar becomes a hot potato. They aim to get rid of it as soon as possible. Sales go up in the short run. In the longer run, the economy is destroyed.
A Bigger Bite of the Hot Dog
Here’s Mishtalk.com with disheartening news:
