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The issue is that in a >70% consumer economy a dramatic increase in taxes would cause a dramatic decrease in consumption. Raising taxes to a great extent would just increase the debt-gdp ratio and break-up precious "confidence", so the situation may actually be worsened.

Here comes Obama's second state bailout (ahem, stimulus).... Let people be occupied with top priority national security issues like underage drinking enforcement, food stamps and oversaturated state pensions. Leave the state to go bankrupt for another day, no one will notice.

Who needs TARP anymore when you can launder what you need cleanly through AIG?

It is very important to note that there can be technical deflation and an increase in prices concurrently due to currency devaluation. This means that real estate prices will not drop as low as they should and will be artificially kept high even as the ultimate purchasing power of the...

Again this is a capitalist democracy, politicians can be bought and paid for, it would not be possible to create a truly non-collusive system.

From the NYtimes: The Olive Garden restaurant chain may not have been happy with David Letterman’s jokes about Gov. Sarah Palin and her family, but no order was issued to pull commercials from Mr. Letterman’s show, a spokesman for the company said Thursday. Rich Jeffers, the spokesman...

Goldwater was a self-deprecating jew, who literally would have been spat upon by (especially upper class) western europeans just a couple decades prior.

Yet gold still holds onto its purchasing power. It is not meant to be an investment it is just meant to keep the same value over time, when foreigners hold their foreign exchange reserves in a single currency or government backed bonds it is based on the faith of that government alone. In...

Gold is far from hardened carbon. It is an element with a very limited supply. When the price gold rises, the amount is more or less the same, it is just that the value of paper money decreases against gold. Gold maintains purchasing power relative to all currencies. Don't forget that the...

It is very unlikely that it will pass the senate and even if it does it would have to be in a very crippled state before Obama (advised by Geithner who worked for the private bank owned NYFED corporation) would sign it.

The philosopher Georg Hegel likened China to an ant colony run by mandarin bureaucrats.

The chinese should grow a pair, if they are going down the least they could do to preserve some of their dignity on the world stage would be to take the US/UK down with them. Don't forget the anglo opium wars and now the fixed anglo-american financial system, China did have the largest...

Here is a list of NYSE Arca equity member organizations. http://www.nyse.com/pdfs/ETP_Directory.pdf According to the NYSE: Clearing Services – an NYSE Arca ETP Holder who receives and executes customers’ instructions, prepares trade confirmations, sends the money related to the...

After Bretton-woods was established it did not take that long for the baby boomers to consume and enjoy the huge increase in growth and credit consumption. The purchasing power of Americans could then be (and still to this day) subsidized by foreigners who would originally buy dollars with...

Here is the AFP story: BEIJING (AFP) — A decision by China to reduce its US Treasury holdings suggests concern about the US attitude towards its economic woes, Chinese economists were quoted as saying in state media Wednesday. The remarks, coming after US data showed a modest decline in...

Fox Business in 720p HD is another overpriced mistake in the making. The longer it is kept on air the more pricey it will be. Honestly what kind of serious trader or investor cares about abortion or gay marriage when they are busy trying to follow [serious/profitable] breaking news and make a...

To begin with, there was an excessive consumer based economy that is now deleveraging. All the products that were produced for that consumer are of course "excess" in terms of supply and demand. This goes for auto sales as there were too many cars, home prices as there were too many homes...

The Soviet Union broke up, yet they did not hold the world hostage with their nuclear technology. Russia still has the largest amount of nukes in the world. Politicians in Washington have family located in different parts of the world, they understand Mutual Assured Destruction. Going after a...

Russia and China belong to SCO [Shanghai Cooperation Organization] which is an alternative to NATO, these are the only two countries that you should worry about in the long term. Brazil and Iran barely have a capable military let alone medium grade nuclear weapons. India has medium grade, yet...

This is ridiculous. Is it not suspicious why the US government hasn't made a real investigation of the credit rating agencies and their outright AAA fraud dealing with subprime morgatages? It is a symbiotic relationship, if one organism kills the other then they both will perish...