The majority of American citizens probably have no actual idea of their country’s real fiscal debt. From the film I.O.U.S.A., David Walker describes it this way:
‘When many Americans think of debt and deficits, their knee-jerk reaction is to blame the war in Iraq, or defense spending. Some people think that we can solve the country’s [...]
Archive for the ‘U.K. Politics’ Category
The Ravages of Ignored US Debt
Posted in Economics, U.K. Politics, US Politics, World Politics, tagged banking, Bush, China, debt, dollar, Fed, fiat, iousa, lending, Medicare, seigniorage, US on September 10, 2008 | 3 Comments »
Deep Oil, Deep Power and Deep Pockets
Posted in Business, Economics, Georgia, Russian Oil, U.K. Politics, US Politics, World Oil, World Politics, tagged abiotic, biogenic, brazil, Bush, hegemony, majors, oil, Peak Oil, russia, vietnam on September 9, 2008 | 2 Comments »
Within the broil of geopolitical opinion, political correctness, shadow agendas and trite, posturing exchanges between world leaders, it is certainly difficult to sort out the truth form the drivel. When we are told something of earth shattering importance by a mega-country politician we then always have to analyze and decode it. In its first tellings [...]
Fannie and Freddie Bailout: Opinions and Wrath
Posted in U.K. Politics, US Politics, World Politics on September 8, 2008 | 2 Comments »
So the decision has finally and predictably been made and the US government will now pay out huge sums of taxpayer’s money to take over both Freddie an Fannie.
Here are some expert opinions and comments from The Gurus regarding this buy-off :
Jim Rogers says: “I don’t know where these guys get the audacity to take [...]