• Pivotfarm
    05/21/2015 - 16:48
    Janet Yellen at the Federal Reserve believes that the partying on Wall Street and in the financial institutions may “lead to trouble”.
  • EconMatters
    05/21/2015 - 13:17
    The 2nd tallest building in the world, Shanghai Tower, will open to the public mid 2015 during a time when China's own economy is going through the darkest period in recent years.     

National Debt

Tyler Durden's picture

Guest Post: This October The World Will Change - "China Is Preparing For Something Big"





"China... across the board... is preparing for something big in currency markets... The world has an unease about the dollar system... former President Hu of China said 'the dollar is a product of the past'."

 
GoldCore's picture

Global Debt Now $200 Trillion!





With a global population of 7.3 billion this works out out at over $27,200 of debt for every man, woman and child alive today. 

 
Tyler Durden's picture

Wall Street Is One Sick Puppy





In welfare state America its virtually certain that through one artifice or another taxes will go up and the national debt burden will rise to crushing heights in order to keep the baby boomers’ entitlements funded. While Keynesians and Wall Street stock peddlers are clueless about the implications of this - it actually doesn’t take too much common sense to get the drift. Namely, under a long-term path of fewer producers, higher taxes and more public debt, the prospects for rejuvenating the previous historically average rates of real output growth are somewhere between slim and none - to say nothing of the super-normal rates implied by the markets’ current bullish enthusiasm.

 
Tyler Durden's picture

The 90,000 Square Foot, 100 Million Dollar Home That Is A Metaphor For America





Fed-created bubbles are inevitably going to implode, because they have no relation to economic reality whatsoever.  And when they implode, millions of Americans are going to be financially wiped out. Just like David and Jackie Siegel, “America’s time-share king”, America just keeps on making the same mistakes over and over again - we simply can’t help ourselves. And in the end, we will all pay a great, great price for our utter foolishness.

 
Tyler Durden's picture

Japan National Debt Rises To ¥1,053,357,200,000,000





What's the point of even commenting on this unambiguous Keynesian nirvana?

 
Tyler Durden's picture

Martin Armstrong: "Understanding Jackson's Bank War Is Critical To Our Future"





Understanding Jackson’s Bank War is critical to our future. He was absolutely correct insofar as following the Jeffersonian view that a National Debt would not be a Blessing as Hamilton proclaimed, but the servitude of the people that would ultimately consume all liberty.

 
Tyler Durden's picture

Is May 9 The Grexit Date?





Greek FinMin Varoufakis is meeting sovereign debt lawyer Lee Buchheit today, the ‘fairy godmother to finance ministers in distress’... The big questions concern not just the difference between on the one hand, economic issues and on the other, political ones. Syriza doesn’t have the mandate to take Greece out of the eurozone. That is a huge point. But neither does it have the mandate to give in to the troika’s insistence on pensions cuts. At a certain moment, it may come down to what can be explained to the Greek people, and how well it can be explained. This explanation will almost certainly have to come after the fact, since holding a referendum pre-Grexit would carry far too much potential risk of uncontrolled demolition of the entire Greek economy and banking system.

 

 
Tyler Durden's picture

If QE Is So Great, Why Stop Printing Now?





Chair Yellen frequently reminds us how effective and innovative QE is as a monetary policy tool. She even referred to the monetary actions, of her former boss, as heroic at a commencement speech this past spring. Literally…QE has saved the financial world. So, why are we, the citizens of this great country, no longer worthy of the almighty, far ranging and omnipotent QE? Ms. Yellen, don’t you stop this money printing anytime soon. Just erase that thought from your mind just like you can simply erase away all my financial worries with that great machine of yours. We, the ignorant public, are so relying on you. As we see it there is just no downside to any of this money printing.

 
Tyler Durden's picture

Chaos And Hegemony - How US Dollar Imperialism Dominates The World





To maintain its hegemony, the U.S. must by all means prevent the emergence of rival powers and impede possible current as well as future threats that could emanate from oil states. The ideal condition for enforcing its own goals at a low cost would be the fragmentation of antagonistic power centers through ethnic and religious strife, civil wars, chaos and deep-seated mistrust in the Middle East – always following the well-known premise of ‘divide and rule.’ In fact, we are currently experiencing tremendous changes towards such a chaotic state of affairs.

 
Tyler Durden's picture

Hillary "Has Betrayed All That Was Right About The Baby Boomers" David Stockman Blasts





Hillary rose to fame delivering an idealistic commencement address at the beginning of her career. But like the generation she represents, she has betrayed those grand ideals over a lifetime of compromise, expediency, self-promotion and complacent acquisition of power, wealth and fame. She doesn’t deserve another stint at the podium - let alone the bully pulpit.

 
Tyler Durden's picture

Politicians & The Manipulated Crowd





Life and happiness in this life under any political system directly depend upon how much our individuality (versus the crowd) is retained and to what extent we throw off manipulated illusions. Fewer and fewer people have any cognitive imperative to question the system because hypnosis and learned behavior are transferred from one generation to another. False beliefs are self-perpetuating and feed upon one another. The more generations accepting myths, the more reinforcing they become. The creation of the mass mind and/or mass consciousness is the secret weapon of the ruling elite.

 
Tyler Durden's picture

One Last Look At The Real Economy Before It Implodes - Part 4





The implosion of America serves a very particular purpose. It is not a product of blind coincidence, fate, political stupidity or corporate greed. It is an engineered event meant to clear the way for an even more sinister economic environment designed to establish a final economic empire with the purpose of permanently enslaving us all.

 
Tyler Durden's picture

5 Things To Ponder: Don't Fight The Fed





Randolph Duke: Money isn't everything, Mortimer.
Mortimer Duke: Oh, grow up.
Randolph Duke: Mother always said you were greedy.
Mortimer Duke: She meant it as a compliment.

 
Tyler Durden's picture

"Odious Debt" Has Finally Arrived: Greece To Write Off "Illegal" Debt





It was back in June 2011 when we first hinted that the time of Odious Debt is rapidly approaching. Today, nearly four years later, Odious Debt is now a reality in Greece, where Zoi Konstantopoulou, the head of the Greek parliament and a SYRIZA member, released two videos which have promptly gone viral, designed to promote the investigative parliamentary committee to look into the circumstances surrounding the signing of the country’s two bailout agreements that led Greece to implement its austerity measures. According to Greek Reporter, Konstantopoulou has said that the newly established “Debt Truth Committee,” will investigate how much of the debt is “illegal” with a view to writing it off.

 
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