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Excessive military spending is responsible for about 80% of the existing debt and deficit. Social security and Medicare have combined for a ~$2.5T surplus so far that has been spent and replaced with IOUs. You never hear these facts by the MSM because the establishment wants to take even more...

Another interpretation of this video is people simply want to give their children and loved ones some enjoyment by buying them a gift that they want before it is sold out. This same black Friday rush has been going on for decades whether the economy is good or bad. (Remember the Cabbage Patch...

That might sound great at first glance. But it represents a money multiplier of about 1.9 to one. Banks can use the fractional reserve system to loan out $10 for every dollar they have in deposits, which is of course 10 to 1. Also keep in mind that the UE benefits are created by debt and...

General Macarthur saw the long term threat China and North Korea posed and wanted to end the problem decisively during the Korean War. Truman disagreed and fired Macarthur. We now see who was right.

My grocery bill is about the same as it was a year ago, if not a little less. I don't expect it to stay this low for too much longer, however. Commodity producers often sell their wares 6 months or more in advance at lower prices than they would receive at spot during the 6 month period. So...

Look, this crisis will never end for Ireland or the other smaller Eurozone members. They sold out their future to join the EU. If joining the EU had had any benefits, they wouldn't be in this mess to start with. As individuals and companies that filed for bankruptcy have emerged stronger...

Ireland just needs to hit the reset button on their debt. They should cancel all gov't contracts at all levels of gov't, pass a strict exception free balanced budget law for all levels of gov't, default on all gov't debt, and then renegotiate only the gov't contracts that are absolutely needed...

Obviously buy. For a $ 1000 trade you can make max $1000 on the short while you make ~$50K on the buy.

"Germany attacks..." (fill in the blank). The two most feared words to start a sentence in the 20th century.

War is only good for an economy when both sides are relatively equal. The axis put up a good fight for awhile in WWii. So, USA had to build a lot to replace the thousands of tanks, planes, ships, etc that were lost. US also needed to build up a large military to easily win battles later in...

Has anyone done a study as to the lifespan of a country's economy once they turn from a net exporter to a net importer? That might answer a lot of questions.

Ok Larson. Reagan tried to do some things that were positive. But, like Obama, he was surrounded by people who didn't always give him great advice. Stockman was one of Reagan's economic advisers. Now, he comes out and says the advice he gave was not technically sound. Go figure...

All budget deficits are stimulus, whether they are officially termed that or not. And, from a long term standpoint, the Reagan stimulus may have caused some economic growth, but it did not pay for itself. The principal plus interest paid on Reagan's debt is probably approaching 4T now.

Nixon took us off the gold standard at the insistence of Volcker and the Fed. The economy recovered because Reagan added around 1.7T of stimulus spending/tax cuts to the national debt in 8 years. If the economy had recovered without 1.7T of debt added, then you can say it was all Volcker...

http://www.answers.com/topic/paul-volcker Please check the above link. Paul Volcker was the person behind taking us off the gold standard, which is what caused the inflation. The below link shows that the unemployment rate when Carter left office was 7.5%. It grew to about 11%, almost 50%...

People seem to forget that the unemployment rate increased by around 50% when Volcker did the rate hikes. There are no freebies in economics.

In China, any official responsible for an area must insure that the part of the economy he oversees grows by 8% or so every year. An official who fails to reach the target may face harsh punishment. Any graph one reviews, even graphs by those who claim there is no impending shortage of REEs...

It is about time this company was allowed to fail. Think about all the money thrown into this company that was wasted. There are plenty of well run American companies for those who wax nostalgic.

Real trading is most definitely not gambling. Most real traders won't initiate a trade unless the odds are heavily in their favor. In gambling, the odds are in the house's favor. Can't speak for others, but 97 to 98% of the work in my trades now is done by computer. So, unless you believe...

Another interpretation of this chart is that the global supply and demand are almost equal. Hence, if China does cut back on exports or production as they say they might, there will quickly be a negative imbalance outside of China. The chart clearly shows little opportunity for building of...