Obama Has Lost A Valuable Thing

Posted by Dan McLaughlin So, Chicago was eliminated in the first round of bidding for the 2016 Summer Olympics, despite (I assume despite) President Obama’s personal lobbying for the Games. Now, as a New Yorker, I really would not want the Olympics anywhere near my city, and the Olympics don’t exactly have a grand history […]

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The demise of the dollar

In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations […]

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Dollar is the New Peso

The U.S. dollar will continue weakening, and investors may borrow it to invest in higher-yielding assets, says Peter Schiff, president of Euro Pacific Capital. “I don’t know when (the dollar) is going to strengthen,” Schiff told CNBC. “The dollar isn’t the new yen, it’s unfortunately the new peso.” A weak dollar and low U.S. interest […]

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U.S. Government Going Broke

Boston University economics professor Laurence Kotlikoff says the government “is going broke.” In a Federal Reserve Bank of St. Louis Review article, he points out that bankruptcy is usually defined as an inability to pay interest on current debt, with no prospect of being able to pay without changes in circumstances. In assessing whether the […]

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