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Tag Archives: bailout

  • Blog

    Daily Digest 2/1 – Cuomo’s War on ‘Permanent’ Spending Increases, Construction Spending Low, Looking for ‘Speedups’

    by DailyDigest

    Tuesday, February 1, 2011, 4:00 PM

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    • Andrew Cuomo Launches War on ‘Permanent’ Spending Increases
    • Monday – Mubarak’s Mood May Move Morning Markets
    • Muni Madness: David Walker Says “Yes” to Bankruptcies, “No” to Bailouts
    • When Will The Recession End? Part 139 Russia Admits It’s Dead And Falling Apart
    • Guest Post: The Road to Madness Is Paved With $100 Bills
    • Construction Spending in U.S. Unexpectedly Fell to Decade Low
    • Steve Case: Looking for ‘Speedups,’ Not Just Startups

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  • Blog

    Don’t Worry; They’ll Just Change the Rules

    by Chris Martenson

    Thursday, January 13, 2011, 2:52 AM

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    To anyone paying the slightest bit of attention, these remain very uncertain and trying times. On one side of the intellectual divide are the folks who are counting on deflationary forces overwhelming the normal credit-operated machinery of modern life, resulting in an implosion of economic activity. On the other side are those counting on hyperinflation as the most likely outcome of the grand printing experiment currently being conducted across the globe with its epicenter located within the United States.

    In the middle of the intellectual divide are people like me, who are leaning slightly towards one view or the other. Not yet committed to any particular outcome, they are tensed and ready to spring in whichever direction necessary, like the last kids left standing in a game of dodge ball.

    Some are expecting an imminent recovery (whatever that means), some a long, slow grind downwards, and others a rapid, if not chaotic, plunge into new and unwelcome territory of one sort or another.

    There are no right or wrong views here. All sides are on equally firm intellectual standing. However, I want to let you know why it is that I lean towards the inflationary line a bit (okay, a lot, by some people’s standards) and why I think that a wide-scale, final fiscal collapse is in the cards.

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  • Blog

    Straight Talk with Tyler Durden: The U.S. Is Free-Falling Into Bankruptcy

    by Adam Taggart

    Wednesday, December 15, 2010, 2:46 PM

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    “Straight Talk” features thinking from notable minds that the ChrisMartenson.com audience has indicated it wants to learn more about.  Readers submit the questions they want addressed and our guests take their best crack at answering. The comments and opinions expressed by our guests are their own.

    This week’s Straight Talk contributor is Tyler Durden, founder and chief demagogue of the popular econoblog Zero Hedge. Zero Hedge’s mission is to bring back a more critical, rigorous, and informed style of commentary and synthesis for the professional investing public. The blog has experienced explosive growth in it’s two-year existence, due in part to its prolific coverage of financial events as well as its unapologetic (some say controversial) editorial approach, which is often highly critical of today’s economic and political leaders.


     

    1. What led you to start Zero Hedge? Was there a particular story or moment? For many of our readers, you have become the CNN of the Great Collapse (this is seen as a positive thing). Is this what you set out to be?

    Zero Hedge was started two years ago in the aftermath of the Great Financial Crash, as coined by Bill Buckler, when we realized there is a substantial vacuum in information distribution, and to a lesser extent, processing. The financial media world was (and to a great extent still is) dominated by journalists who were learning finance on the job and thus were incapable of putting the dots together on most stories under investigation.

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  • Blog

    Daily Digest 12/5 – US-South Korea Trade Deal ‘Win-Win’, EU Bailout Fund Increase?, Cap-and-Trade Plans

    by DailyDigest

    Sunday, December 5, 2010, 4:00 PM

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    • Mauldin: Texas, Ireland and Ten Little Indians
    • US South Korea Free Trade Deal a ‘Win-Win’
    • Australia’s Central Bank Set to Pause on Rates as Economy Slows
    • The Bond Vigilantes Have Moved to Dublin
    • EU’s Bailout Fund May Be Increased, Reynders Says in a Break With Merkel
    • Age of Cheap Oil Is Over: IEA’s Chief Economist (Video)
    • States Want Their Cap-and-Trade Plans Added to U.S. EPA’s Carbon Limits

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  • Blog

    Daily Digest 11/30 – Ireland Bail-out Fails to Calm Markets, Gold Prices Pop, Greenpeace Sues Dow Chemical

    by DailyDigest

    Tuesday, November 30, 2010, 5:00 PM

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    • Contagion Strikes Italy as Ireland Bail-out Fails to Calm Markets
    • Chinese Selloff Intensifies As Traders Expect Imminent Rate Hike
    • Debt Crisis New Phase Striking Now! Despite Bailouts!
    • Monday Market Movement – “Like Moths to a Flame!”
    • Currency Manipulation: Two Sides to Every Coin
    • Gold Prices Pop on Safe-Haven Buying
    • GM Hires 1,000 Engineers in Michigan to Expand Electric Vehicle Offerings
    • Greenpeace Sues Chemical Makers, Alleging Spy Effort

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  • Blog

    Straight Talk with G. Edward Griffin: What’s Coming Next Isn’t Pretty

    by Adam Taggart

    Monday, November 29, 2010, 6:19 PM

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    “Straight Talk” features thinking from notable minds who you, the ChrisMartenson.com audience, have indicated that you want to learn more about.  Readers submit the questions they want addressed and our guests take their best crack at answering. The comments and opinions expressed by our guests are their own.

    This week’s Straight Talk contributor is G. Edward Griffin — political lecturer, film producer, and author.  In his best-known book, The Creature from Jekyll Island, Griffin details how money is created and exposes the anything-but-boring history of how the Federal Reserve came into being. The book provides one of the best explanations of how our monetary system works, as well as a prescient foreshadowing of the Fed’s bailout of the financial system at taxpayer expense.  






    1. Practically everything that you outlined in your book The Creature From Jekyll Island has come to pass.  Bailouts, increased centralization of power, all of it.  Now what happens?  We are having a hard time envisioning the current debt-based fiat money system surviving for much longer (let alone forever).  If not fiat money, then what?   What are the next moves for those who might wish to see the continuation of their extremely lucrative franchise?

    GEG:   What happens next also is portrayed in my book, and it isn’t pretty.

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  • Blog

    Daily Digest 11/24 – Fed Downgrades Projections, High Soup Kitchen Demand, Home Sales Fall

    by saxplayer00o1

    Wednesday, November 24, 2010, 4:00 PM

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    • Fed Downgrades US Economic Projections
    • Ireland Said to Require 85 Billion Euros for Rescue
    • Spain Forced to Double Rates at Bond Sale
    • Michigan to Curb Road Projects as Gas Tax Revenue Shrinks
    • Cleveland Schools Face $58 Million Budget Deficit in 2012
    • Spain and Portugal Under Fire as Bond Spreads Hit Record
    • NC Governor Perdue Contemplating Massive State Budget Cuts
    • IMF’s Lipsky Says Portugal Hasn’t Sought Financial Aid, Facilities Exist
    • Euro at Stake, German Finance Chief Warns
    • S&P Downgrades Additional $8.05 Billion Of CDOs On Subprime Woes
    • Euro in `Exceptionally Serious’ Situation Amid Irish Bailout, Merkel Says
    • Bailout for Spain Would Empty European Coffers, Analysts Warn
    • Report: City’s Food Pantries, Soup Kitchens Cope With Higher Demands
    • San Diego County Expanding Food Aid But Still Covers Less Than Half Of Those Eligible
    • Time-Lapse Video Shows Food Stamp Usage (News video)
    • Putin: More Trade with China in Local Currencies
    • Home Sales Fell 2.2% in October

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  • Blog

    Chris on Max Keiser: Peak Oil Is About to Collide with Our Debt Crisis

    by Adam Taggart

    Tuesday, November 16, 2010, 4:06 AM

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    Chris was recently interviewed by Max Keiser for his On The Edge program. The videos of this discussion were released over the weekend and are available for viewing below.

    The interview starts with a look at the extreme debt levels of OECD nations and the probable (and painful) repercussions they will have for the global economy. Chris spends time explaining the contradiction of how, even though we’re now ‘technically’ experiencing deflation as this debt is being unwound, prices are rising – due to growing loss of faith in the underlying fiat currencies.

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  • Blog

    Daily Digest 11/15 – Stimulus Lifts Japan’s Economy, Retail Sales Increase, Ireland Bail Out

    by DailyDigest

    Monday, November 15, 2010, 4:00 PM

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    • A User’s Guide to the Crisis of Civilization: And How to Save It
    • Stimulus Helps Lift Japanese Economy
    • Oil Futures: Crude Rebounds After Last Week’s Sell-off
    • Retail Sales Jump on Auto Strength
    • Bailing Out Ireland, Bailing Out Banks
    • O.K., You Fix the Budget
    • Fresh Attack on Fed Move

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  • Blog

    Straight Talk with Steve Keen: It’s All About the Debt

    by Adam Taggart

    Monday, November 8, 2010, 3:10 PM

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    “Straight Talk” features thinking from notable minds the ChrisMartenson.com audience has indicated it wants to learn more about. Readers submit the questions they want addressed and our guests take their best crack at answering.

    This week’s Straight Talk contributor is Steve Keen, Associate Professor of Economics & Finance at the University of Western Sydney and author of the popular book Debunking Economics and the website Steve Keen’s Debtwatch.  Steve’s research focuses on the dynamics of debt and leads him to believe that debt-deflation is the key issue that will continue to dictate what happens in the global economy.


     1. Much of your research is complex. Can you summarize some of the more important conclusions of your work in ‘layman’s’ terms for us?

    Steve: Sure. My work is complex in part because I reject conventional economic analysis, which has infected how ordinary people think about the world—just as the Ptolemaic view of astronomy infected people’s minds prior to the Copernican revolution. So to explain my work I have to start with where I differ from conventional “neoclassical” economists, who now are rather like Ptolemaic astronomers—who tried to understand what they see in the sky by inventing more and more “spheres” on which heavenly bodies were supposed to rotate, rather than accepting Copernicus’ far simpler model of a solar system centered on the Sun.

    The key ways are that I see the economy as being credit-driven, and out of equilibrium all the time. The economy needs an expanding supply of money to grow, and in our credit-driven economy, most of that expansion is driven by rising debt.

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