Category Archives: debt

Let the Budget Fun Begin…

From Drudge…

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Does American really owe $60 trillion (500% of gdp)?

Bill Gross explains. Remember Michael Platt: “It’s very hard to have infinite faith in money when money is being created infinitely”

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Jeff Sessions: “For the President to say his plan will pay down the debt is one of the greatest financial misrepresentations ever made to the American people.”

To pay down the debt requires a surplus. Under the President’s 10-year budget, there is never a surplus. The single lowest annual deficit is $543 billion. The annual deficit in the 10th year grows to $652 billion. Despite $1.8 trillion … Continue reading

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Sarah Hoyt: “And I think the whole world is headed to a headlong crash with reality. And suddenly I don’t feel like laughing at goldbugs.”

Son of QE2, This Time It’s Deadly But wait, there’s more. Insofar as an economy and a monetary system is not just a way to ease transactions between people but a contract with the future – you invest, borrow and … Continue reading

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A new kind of war….

Beijing hints at bond attack on Japan A wake up call perhaps?

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Paul Ryan: “We don’t need sugar high economics”

commenting on the Federal Reserves QE3 program.

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Moody’s Text: To Downgrade US If No Deal To Cut Debt/GDP Ratio

Hmmm, must have something to do with the debt to GDP ratio? I know, I know, it’s all the Republican’s fault and the media will blame any downgrade on the Republicans just like the Democrats tell them to. See two … Continue reading

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Coming soon to a Country near you

Osborne: UK has run out of money

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Debt approaching $15 trillion

See the debt clock on right hand column of this blog.

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Hope and Change

This about says it all… Follow gold at kitco.com. From Bloomburg News… Gold Rises as Growth, Debt Concerns Boost Demand Bullion is in the 11th year of a bull market, the longest winning streak since at least 1920 in London, … Continue reading

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Federal, State, and Local Expenditures as a Share of GDP at WWII Levels

say Matthew Mitchell, a research fellow at the Mercatus Center at George Mason University. It’s good to see Boulder doing it’s part. And it’s always nice to get the steady, predictable mantra from the Daily Camera editorial staff about how … Continue reading

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Federal Regulatory Hiring

IBD comments on the Federal Regulatory hiring binge. Great way to get the economy moving again. Another reason to not raise taxes.

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Gold touches $1700/oz

Can’t imagine why.

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“But you can bet they’ll blame the Tea Party.”

We’re talking US ratings downgrade.

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The government comes callin’

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Debt armegeddon on the way…

US borrowing tops 100% of GDP: Treasury Sweet.

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… and that’s the Civil Stuff

Investors Business Daily commenting on the Tea Parties roll in the recent debt ceiling negotiations. First when it comes to name calling… In just the last few days, Vice President Biden called the tea party “terrorists,” New York Times columnist … Continue reading

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The Markets opinion of the budget deal

What a surprise… US debt deal alone won’t sustain AAA rating The US Stock Markets… And of course Gold…

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Debt limit history

Sweet Learn more over at the Heritage Foundation.

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30 Day Gold and Silver

Interestingly enough, the 20 year treasury yield is stable to lower, showing now signs of worry regarding debt payment.

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