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The Deficit Is HELPING the Economy, Not Hurting It, David Levy Says

You gonna believe him or your lying eyes? He has sold his soul or retarded.

Wall Street falls on sovereign fears

Awe, whooda thought it?

S&P MOVES USA OUTLOOK TO NEGATIVE

DON'T BLAME ME FOR THE NINE-LINE, DERRICK-BENDINNG BIND THAT YOU ARE ABOUT TO FIND YOURSELF IN. I'VE BEEN WARNING YOU FOR 12 YEARS! O, TIDINGS OF SILVER AND GOLD!

Escaping the Great Depression – and Extending the Greater Depression

The bottom line is that, based on everything we know about the Great Depression, the Greater Depression, which is still in its early stages, is going to be nasty indeed.

Banks Face $3.6 Trillion 'Wall' of Debt: IMF

It repeated its warning that the United States and Japan faced particularly dangerous debt dynamics.

Here's What Will Happen If The Debt Ceiling Isn't Raised And The U.S. Defaults

"We are praying," Dimon said, then, after a pause, "And we are planning."

America's Inflationary Depression

As we have explained many times in the past, since February 2009 the US has been in an inflationary depression. It has taken a while to get underway, but it is moving relentlessly forward.

Malls Face Surge in Vacancies

Expected to top 11% in 2011.

27 Depressing Statistics About The U.S. Economy

When you analyze the numbers objectively, it leads to the inescapable conclusion that we are headed for another Great Depression.

US To Materially Expand Food Stamp Program As America Prepares For Surge In "Poverty Effect"

And the funniest thing about the release, if one can call the progressive conversion of America to an improverished country funny, is the math provided by the USDA to justify the expansion of SNAP.

Collapse of the US Dollar System? Looming Financial Collapse

There is no question the US government will have ongoing deficits of $1.3 to $2.2 trillion annually for some time to come. If this is the case there is no chance of the debt of government ever being paid. That means official devaluation and default, although we believe it will be done jointly by many countries.

IMF: US Must Raise All Taxes, Cut Entitlements 35% To Contain Future Budget

"An Analysis of U.S. Fiscal and Generational Imbalances: Who Will Pay and How?"

Uncle Sam heading closer to a fresh financial meltdown

The crisis of 2008 will be only the precursor of the next and bigger crisis if the Fed continues as it is. Greenspan today seems to be quietly cheering: "Bring it on."

"Skunked": Bill Gross On How "The U.S. Will Likely Default On Its Debt

"Unless entitlements are substantially reformed, I am confident that this country will default on its debt; not in conventional ways, but by picking the pocket of savers via a combination of less observable, yet historically verifiable policies – inflation, currency devaluation and low to negative real interest rates."

Two Ways for the US to Go Broke

We can do it the old-fashioned way, that is, by being unable to pay our bills when they come due.

Or we can do it the inflationary way – by paying our bills in a currency that is not worth as much as the stuff we borrowed.

Federal Reserve Tells: Something Big Is Going Down And It's Not Good

So if you think that all is well "behind the scenes" you're in for a rude surprise. Something BIG is going down and it's NOT good. And rest assured, by the time the mainstream media announces what it is, it will already be in full swing. Prepare now!

The Fiscal Crisis Of The Welfare State

The People.  The People, of course don’t do the dirty deeds themselves; they hire third-party made men—politicians and bureaucrats who call themselves “public servants”—who eventually ensconce themselves in their jobs through perks and government-employee unions and thus become the greatest organized gang in the game.

The Dollar Will Collapse Within 3-4 Months

The US Dollar's inflationary death spiral continues. We've now taken out the 2010 low leaving only two more lines of support before we're in completely uncharted territory.

Safe-Haven Status Withers: Dollar Falls Versus Swiss Franc

The Swiss Franc, also a traditional safe-haven currency, has quietly made its way towards successive new records against the US Dollar.