Tag Archives: US public debt

What sink our economy: Entitlements — [VIDEO]

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How and Economy Grows and Why it Crashes — [VIDEO]

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The US public debt is $211 trillion, actually. — [AUDIO]

“If you add up all the promises that have been made for spending obligations, including defense expenditures, and you subtract all the taxes that we expect to collect, the difference is $211 trillion.“

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Money creation (in blue, in each of the 4 charts) — [VIDEO]

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Defaulting — [VIDEO]

WSJ on Ron Paul and Rand Paul. Rick Santelli. Ron Paul:

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The biggest impact of the S&P downgrade will be on the US dollar. — [VIDEO]

Bill Gross:

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The InTrade crisis deepens as their #1 fanboy calls for unwinding all trades on the debt ceiling prediction market — [SCANDAL]

Previously: Post-Delaney InTrade experiences turmoil related to the debt ceiling prediction market. — [CHART + LINK] As I said many times, Carl Wolfenden is an incompetent, and all the economists advertising InTrade on their blogs and in the media are … Continue reading

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You do not make much money trading triple-A-rated US government debt, the spreads are very tight, and there is not much money to be made. — [VIDEO]

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Post-Delaney InTrade experiences turmoil related to the debt ceiling prediction market. — [CHART + LINK]

37 pages (!!) on the InTrade message board. Once again, one can question the professionalism of the InTrade execs and the usefulness of the prediction markets.

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Jim Rogers: “Prepare for a lost decade or more.” — [VIDEO]

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