Posts Tagged 'Government debt'

Bill Black: Debt Derangement Syndrome – Saving Our Grandkids from Wall Street

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By Bill Black, the author of The Best Way to Rob a Bank is to ...

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Gerald Friedmand – Why Liberal Economists Dish Out Dispair

The ferocious reaction to my assessment that Senator Bernie Sanders’ economic and health care proposals could create long-term economic growth shows how mainstream economists who view themselves as politically liberal in America have abandoned progressive politics to embrace a political economy of despair.  Rationalizing personal disappointment and embracing market-centric economic theories according to which government can do little more than fuss around the edges, their conclusions — and the political leadership that embraces them — have ...

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Paul Kiel – So Sue Them: What We’ve Learned About the Debt Collection Lawsuit Machine

A couple of years ago, we set out to find out more about the growing use of the courts to collect consumer debts. How many lawsuits are filed? Who is filing them? Who is getting sued?

The suits are filed in state and local courts, and many states rely on antiquated systems or only keep data at the county level. We ultimately collected what details we could from a variety of states and large, urban counties. Then, we wrote  Continue Reading →

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George Monbiot – How to Build a Crisis

What have governments learnt from the financial crisis? I could write a column spelling it out. Or I could do the same job with one word. Nothing.

Actually, that’s too generous. The lessons learned are counter-lessons, anti-knowledge, new policies that could scarcely be better designed to ensure the crisis recurs, this time with added momentum and fewer remedies. And the financial crisis is just one of multiple crises – in tax collection, public spending, public health, above all ecology – that ...

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George Monbiot – The Gathering Financial Storm Is Just One Effect of Corporate Power Unbound

Corporate-friendly international agreement like TPP and TTIP, writes Monbiot, “could scarcely be better designed to exacerbate and universalise our multiple crises – financial, social and environmental.”

What have governments learned from the financial crisis? I could write a column spelling it out. Or I could do the same job with one word: nothing.

Actually, that’s too generous. The lessons learned are counter-lessons, anti-knowledge, new policies that could scarcely be better designed to ensure the crisis recurs, this time with added momentum and ...

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Fed Quietly Revises Total US Debt From 330% To 350% Of GDP, After “Discovering” Another $2.7 Trillion In Debt

Everyone has seen the chart of “Total Credit Market Instruments“, which as of its most recent update on March 31, 2015, was just over $59 trillion, or 330% of US GDP.

For those who have not seen it, as well as for those who are familiar with this chart, take a long look, because this is the last update of this particular data series, pulled straight from the Fed’s Z.1 Flow of Funds (section L.1), you will ...

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IMF Double Standards: Ukraine and Greece By RT

Despite the grievous state of the Ukrainian economy, the IMF said it will continue to lend money to Ukraine, so Kiev can complete economic restructuring.

“In the event that a negotiated settlement with private creditors is not reached and the country determines that it cannot service its debt, the Fund can lend to Ukraine consistent with its Lending-into-Arrears Policy,” IMF Managing Director Christine Lagarde said.

The IMF chief’s comments come as Finance Minister Natalia Yaresko and Ukrainian Prime Minister Arseny Yatseniuk wrapped ...

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Refugee Numbers Break New Record With ‘Millions Trapped in Conflict Zones’ – THOMAS ADAMS

The United States war mongering, supported by Israel, are responsible for all these displacements of peoples; you can take that to the Bank.

Please! why does everyone refuse to see the wood in the trees?
There is one, and only one, cause of all our economic woes. During the
early 1900’s our stupid/corrupt politicians signed away our Sovereign
“rights” , that allowed us to print and issue our own interest free,
debt free money; and since then we have all become ...

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America Being Crushed by a Mountain of Escalating Debt

America, without question, is drowning in a sea of debt, barely holding its head above water. There is the massive national debt of the U.S. government, personal/consumer debt, student debt, and an increasing number of U.S. cities and states that are in debt over their heads.

America is literally destroying itself by the monumental debt that we as a nation, government and society have incurred. We are being consumed by this ever-escalating debt running rampant throughout this country. And we seem ...

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America Being Crushed by a Mountain of Escalating Debt

by, Michael Payne,  Nation of Change

America, without question, is drowning in a sea of debt, barely holding its head above water. There is the massive national debt of the U.S. government, personal/consumer debt, student debt, and an increasing number of U.S. cities and states that are in debt over their heads.

America is literally destroying itself by the monumental debt that we as a nation, government and society have incurred. We are being consumed by this ever-escalating ...

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