Archive - Aug 9, 2014
When The Money Runs Out... So Does The Empire
Submitted by Tyler Durden on 08/09/2014 10:47 -0500Empires are not the result of conscious thought; they happen when a group is large enough and powerful enough to impose itself on others. But empires are expensive. They are typically financed by theft and forced tribute. The imperial power conquers... steals... and then requires that its subjects pay “taxes” so that it can protect them. The US never got the hang of it. It conquers. But it loses money on each conquest. How does it sustain itself? With debt.
The Bottom Is In For Treasuries
Submitted by EconMatters on 08/09/2014 10:27 -0500Any Bond Idiot Can Buy into Fear, but they are Forced to Sell into ‘Good Times’!
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President Obama Warns Iraq Situation "Is A Long-Term Project... Won't Be Solved In Weeks"
Submitted by Tyler Durden on 08/09/2014 10:00 -0500Just before he headed off to Martha's Vineyard for another vacation, President Obama explained the situation in Iraq (standing in front of the impressive Presidential helicopter) careful to use the phrase 'men, women, and children' numerous times. He called on Iraqis to unite against militants (subtley suggesting the reason the Iraq military ran away was because of a dis-united government). Crucially, he noted Iraq's Islamic State "problem will not be solved in weeks."
