Category: American Debt Crisis

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Shutdowns and Affordable Health Care

This post was not part of my plan for the week – but who am I to resist a little dig at the Republican party? Well, that; and I’ve been doing some question & answering on this topic for a few days now. What The Hell Is Going On? The short story: The US Constitution […]

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America Five Years’ On…

We’re now five years down the line from that moment when the world watch Lehman Brothers collapse. And obviously, President Obama offered all Americans some words to mark the occasion. Here’s a transcript. The Summarised Verson The real victim of the financial crisis was the US auto industry. And, you know, the Investment Banks. The […]

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Debt Ceilings and $1 Trillion Platinum Coins

Until WordPress deleted the original post yesterday (I wept), this was going to be my first officially written-in-2013 post. Here it is, in its reconstituted form: In the last month, there has been talk of two things: Raising America’s Debt Ceiling; and the Commemorative Coin solution. Which sounds like a magnificent start to a year […]

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Mitt Romney announces a tax plan.

Article of the day link: and I think I know why it took him so long. So Mr Romney (and Mr Ryan) have both received a lot, and I mean a lot, of criticism for failing to fully detail their tax plan. We all know that they’re planning a rate cut. But the second part about “eliminating […]

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Why Companies Borrow

Article of the Day Link: GE is refinancing. Despite forecasted cash stockpiles of $100 billion, General Electric is refinancing (ie. reborrowing) $5 billion worth of debt. That is, GE is electing to borrow when it has more than enough money coming in to pay for whatever it needs. Why? Because the current rate they can borrow […]

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Ron Paul Speaks:

 

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AND WE SHALL UNLIMITEDLY BUY BONDS: THE AMERICAN VERSION

Link: it’s like the American Version of a British sitcom, except less funny. In a month of grand measures, Ben Bernanke came out of the monetary closet and announced a string of homeownersexually-stimulating parties by buying up $40 billion of MBS a month. The key points: Open-ended Purchases Of $40 billion worth of mortgage securities […]

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The American Fiscal Cliff

Recently, there has been talk of fiscal cliffs. And barreling off them into the abyss of unknown and unquantified chaos*. So what (is it), why (is it there), when (did it start), and who(‘s to blame). All the important questions. What is the Fiscal Cliff It is a series of tax hikes and spending cuts […]

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America’s Hyperinflation

Some speculative dramatisation

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