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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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Rising Food Prices are No Laughing Matter
The Commerce Department reported on Wednesday that wholesale inventories rose 0.5 percent in August. What’s more, according to the Commerce Department sales at wholesalers rose 0.9 percent in August…the first increase since April. What this means exactly we don’t quite … Continue reading
Posted in Inflation, MN Gordon
Tagged ben bernanke, commerce department, debt, default, dollar, food prices
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The Great Middle Class Debasement
More is revealed each and every day. Whether you like it or not, the glut of information expands like the glut of Federal Reserve notes in foreign account balances. Last week was no exception…many significant discoveries were made… Samsung, for … Continue reading
Collective Destruction
Last Tuesday we remarked that Mario Draghi and the European Central Bank were receiving valuable on the job training. Most notably, that money creation operations are much harder to stop than to start. By Thursday, Draghi confirmed he’s an astute … Continue reading
Posted in Inflation, MN Gordon
Tagged ben bernanke, currency, dollar, euro, european central bank, federal reserve, monetizing debt
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