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If we hit the debt ceiling and they decide “nope, we’re not going to increase it”….what happens? Again, we don’t truly know. There are things that the President could do, but frankly none of them are completely legal. The one choice would be that we simply don’t pay our bills.
So, what does a country do when it’s taking in billions and billions of dollars? Well, in stable times, they go out in the bond market and buy up really secure treasuries and sovereign bonds. So, they did just that. They became enormous owners of US treasury debt.
Other than the occasional politician going off script, there has been very little discussion of Europe's bail-ins and debt spirals and debilitating unemployment while the German politicians squabbled over the reins of the country. But now that Merkel has been returned to power as German chancellor, we can expect to be hearing more about the Eurozone in the coming weeks.
...in a room full of crooks, Fuhrer Ben and the Fed gang were to prove once again that the smart money is still beholden to the Federal Reserve banksters, the biggest crooks of them all. The decision was announced in that bland-as-wallpaper market gobbledespeak that is the native tongue of all Fed chairmen.
hey tell us that all these layers of Government intrusion into our lives keeps us safer. They tell us they can avert problems before they happen, and thus they need to know every single thing about us. I wish, I pray that we lived in a world where there was absolutely no need what so ever to fear for your life.
Aside from the unfairness of HFTs, there's also the inherent risk that comes when algorithms that are programmed to perform thousands of transactions a second are let loose on the markets... it's almost impossible for a single trader to massively swing the market one way or another in a single stroke, but a glitchy algorithm employed by an HFT can decimate a market in seconds.
Make no mistake, September may be coming in like a lamb, but it may yet leave like a lion. There are a number of worrying road bumps on the road ahead this month.
And the banking system that accepted and even encouraged my life would be stuck with a non-performing mortgage and a vacant house that couldn’t be sold. The lesson is obvious: When borrowers are allowed to lie about their income or debt levels, everyone—both lenders and debtors—lose. This lesson doesn’t only apply to mortgages and homeowners. It also applies to bonds and governments.
All of the news coming from Fukushima at this point reeks of desperation. At a press conference last Thursday, JNRA chairman Tanaka was forced to admit that current levels of radiation monitoring at the plant are not enough and that they are not able to stop the leaks in the near term.
The Indian people have cherished gold for thousands of years. From Temples to jewelry adornments to dowries to you name it, they have always knows that “he who owns the gold” is king. So, they learned during centuries of tumult that personal ownership of gold would afford them some protection of their family wealth.
Although there is no indication that things are that bad this time around, such a move were it to take place would be disastrous for a country that was supposed to follow in China's footsteps as an emerging economy that would lead the developing world in growth as it pulled itself out of poverty.
Bitcoin is completely private. There’s no central banker. There’s no records showing who owns them. There’s no paper trail to what you use them for... The value of Bitcoin has been problematic as one would expect from a fledgling experiment of this size. Sure enough the dollar value of the bitCoin has swung massively over the years, mostly when a security failure appeared or a hacking took place.
Putting China's recent gold-lust into perspective... they are not trying to create a new gold standard, or tie the yuan to gold in some convertibility scheme. They are trying to gussy up their financial bona fides to get the yuan added to the SDR basket during its next reevaluation in 2015. Increasing their gold holdings to as much as (or more than) the US' (claimed) 8,000 tonnes would certainly be an impressive feat, and one that could give them legitimacy in the eyes of the international central bankster community.
Time to review Genetically Modified Organisms, why they are bad, why they are bad for the consumer, for agriculture, for farmers. Despite GMOs not being good for us, multinationals like Monsanto want to play its game of smoke and mirrors to why we should be running in the opposite direction from anything GMO.
Although it is referred to as “The Forgotten War” in the US, where it has become little more than a footnote in the annals of 20th century American military conflicts, it is a daily, lived reality for the people of Korea who have seen their nation divided and their people torn apart largely due to the manipulations and machinations of foreign powers. Now, 60 years after the armistice that brought the fighting to an end, the two sides are still no closer to signing a peace treaty to formally bring the war to an end.