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Tag Archives: default
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“If we right away say 98 percent of Americans are not going to see their taxes go up – 97 percent of small businesses are not going to see their taxes go up,” said President Obama on Wednesday. “If we … Continue reading
Posted in Government Debt, MN Gordon
Tagged bubble, collapse, congress, currency, debt, default, dollar
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The Temporary Madness of an Ugly Mathematics World
There are obvious contradictions in government finance that are both shocking and absurd. There are opposing forces colliding before us with consequences hardly a soul can escape. To sum up the plot, there’s the soft delusion of prosperity through public … Continue reading
Get Me Out
Following Tuesday’s election we offer one word of advice: Panic! Not just because Obama was reelected – that’s just one reason. But because, as John Embry, chief investment strategist at Sprott Asset Management notes, 2013 could be “one of the … Continue reading
Posted in Inflation, MN Gordon
Tagged ben bernanke, currency, default, federal reserve, velocity of money
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How to Fix America’s Debt
Third quarter Gross Domestic Product increased at a 2 percent annual rate, reported the Commerce Department last Friday. That’s up from the second quarter’s 1.3 percent growth rate. But don’t get too excited… According to Lucia Mutikani at Reuters, the … Continue reading
Posted in Government Debt, MN Gordon
Tagged congress, consumer price index, debt, default, GDP
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