Daily Digest 4/28 - Paper Money As Barbarous Relic, My Faith-Based Retirement, Make Candidates Debate The Debt
- We've Never Left The Recession
- Paper Money: The Barbarous Relic
- Make Candidates Debate The Debt
- Spain Is Still Awaiting the Payoff From Austerity
- My Faith-Based Retirement
- A Social Entrepreneur Links Affordable Housing to the Green Economy
- Ex-Israeli Security Chief Questions Current Leadership
- Libyan Oil Protests Highlights Broader Problems
To factually assess the fake recovery reported by the Federal Government, Wall Street and the MSM, you need to check out the data on the BEA website regarding REAL GDP. The average schmuck still doesn’t understand how the government and Federal Reserve are screwing them through the insidious taxation of inflation. I urge you to look at this inflation adjusted data:
Paper Money: The Barbarous Relic (David B.)
For those not familiar with the mechanics of national economies, the gold standard has often been referred to over history as “the Golden Handcuffs”. How did it acquire this intimidating nickname? Because it absolutely limits our governments from any extreme/insane fiscal or monetary policies without the consequences of those policies being immediately known to the general public.
Make Candidates Debate The Debt (Jeff B.)
Instead of allowing the presidential candidates to duck and bob to avoid specifically saying how they would stem the flow of red ink, what if voters insisted that all presidential candidates directly answer the question, "how would you fix the debt?"
Quite simply, candidates should not even apply for the job of running the country if they aren't willing to share the details of their approach for fixing the debt.
None of this comes as news to foreign bond investors, the lenders who are supposed to help Spain stay in business. And it is not news to the growing number of economists and analysts who predict Spain might soon need to bail out its banking system, which could force it to seek European aid that might end up far larger than the bailouts of Greece, Portugal and Ireland.
My Faith-Based Retirement (VeganD)
Like millions of other aging baby boomers, I first began putting money into a tax-deferred retirement account a few years after they were legislated into existence in the late 1970s. The great bull market, which began in 1982, was just gearing up. As a young journalist, I couldn’t afford to invest a lot of money, but my account grew as the market rose, and the bull market gave me an inflated sense of my investing skills.
After piloting the program, called Everbuild Pro, inside Boulder’s Habitat chapter for two years, last year Gring and his colleagues spun it into BOULD, an autonomous social enterprise that will partner with Habitat and similar organizations around the country, leveraging interest in learning green building techniques to fund affordable housing developments and his business. In addition to the direct benefits to Habitat, Ging says he’s proud his company is increasing the number of people qualified to build sustainable housing.
The comments followed interviews published earlier in the week in which the current chief of the Israeli Defense Force, Lt. Gen. Benny Gantz, appeared to be taking a more moderate approach on Iran than Mr. Netanyahu and Mr. Barak, although aides to all three men insisted later they were on the same page. Mr. Diskin has been widely thought to share the views of Mr. Dagan — who has been harshly attacking the government’s approach in speeches and interviews for nearly a year — but this is the first time he has spoken about it publicly.
Only a few dozen protesters showed up to protest in front of the steps to the Arabian Gulf Oil Co. in the eastern city of Benghazi. But their voices may be part of the pent up frustration among Arab youth angry that, despite regime change, 1.6 million barrels of Libyan crude oil hasn't changed things very much for them. A few hundred miles to the west, major delegates descended on Tripoli for the first oil and natural gas exhibition since Gadhafi's regime collapsed last year. Exhibition organizers note that $100 billion in unfrozen assets mean good things for the country's redevelopment. Attendees will have the chance, organizers say, to learn how the game is played in the new Libya.
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