From Joan M.: Sen.
Gregg Criticizes 'Banana Republic' Budget Proposal A quote: “The
ranking Republican on the Senate Budget Committee warned on Monday that President
Obama's budget proposal will lead to unsustainable
debt levels and send the country on a fiscal path resembling that of a 'banana
republic….called the deficit estimates attached to the budget plan "staggering," and
he warned that such deficits would trigger a national debt that amounts to "running
your country into the ground.'"
MVR sent this interesting perspective on the US Dollar and debt from Thailand: The
real US financial crisis has yet
to begin
G.G. sent this: U.K. Gilts Slump After First ‘Failed’ Bond Auction Since 1995
Steve W. liked this one: Daniel Hannan MEP: The devalued Prime Minister of a devalued Government
Items from The Economatrix:
Economy
Brings Out Entrepreneurial Spirit
EU
Presidency: US and UK Economic Recovery Plans are "A Way To Hell"
Obama
Declares "Signs of Progress" for US Economy. (Shhhh! Don't
tell him about the Alt-A and Option-ARM rate
resets peaking in 2010 and 2011.
We mustn't discourage him)
Goldman Sachs to Return $10 Billion Bailout
Vandals Target Sir Fred Goodwin's (Former RBS Boss) House and Car
Japanese Exports Plunge 50%
Czech
Government Collapses Over Economic Crisis. (I told you so: "If
and when the global derivatives bubble ever pops, it may topple not just trading
companies
like Goldman Sachs, or corporations like GM, Daimler-Chrysler, or RCA, but
entire nations. I'm not kidding." (SurvivalBlog:
September 25, 2006.)
Freeze the $1.5 Quadrillion Derivatives as First Step to Recovery
Peter
Schiff: Stimulus Bill Will Lead to "Unmitigated Disaster"
Ron Paul on Obama's Stimulus
Why the End of America is Closer than You Think
Obama to Meet With Top Bank CEOs on Friday
Airlines Group Predict Huge Industry Losses
BofA Shareholder Looks to Oust CEO from Board
