Tag Archives: US government
Ron Paul –> the good… and the ugly
The Ugly:
The Good:
The United States and the European governments will default on their debt, eventually — dixit Marc Faber. [PREDICTIONS]
Singapore is the safest.
2:15 into
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Via Joe Weisenthal
The U.S. is headed for a major debt crisis —within 5 to 10 years.
Marc Faber’s outlook for 2010… and later:
Crowdsourcing the US government
Analysis of the US President’s SAVE Award.
The Commodity Futures Trading Commission and Securities and Exchange Commission will have authority to decide what derivatives must be centrally cleared rather than letting private parties make the call.
“Central clearing interposes a regulated clearinghouse between the original counterparties in a derivatives transaction and so creates an opportunity to make dealing more transparent.”
CNBC video
Paul Krugman Tries to Foist Specious Argument in Tobin Tax Debate.
It was a nice try but short term financing wasn’t a root cause of the crisis. Highly leveraged, incompetent financing, along with a host of agency problems and too little, not too much, trading share most of the blame. Since “nobody knows anything” about the future, how will forcing longer term [...]
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