Investors worried that inflation and financial market turmoil will wipe out the value of their cash have poured money into gold over the past decade. Prices have gained almost 500 percent since 2001 compared to a 12 percent increase in MSCI’s world equity index. The card can also be used as an alternative method of […]
Prior to the fiscal cliff deal, President Barack Obama scolded Congress for cobbling together a plan at the last minute. “America wonders why it is in this town why you can’t get stuff done in an organized timetable,” said Mr. Obama. “Why everything has to always wait until the last minute. We’re now at the […]
Imagine you are working for a company that is going bankrupt, but everyone you work with and your bosses are getting pay raises. Seem absurd? Not if you work for the failing federal government, because President Obama has just decreed that Vice President Biden, members of Congress expected to decide on the “fiscal cliff”, and […]
Here is a video reminder of Obama in 2008 promising to cut the deficit in half. Obama goes on about how the USA cannot sustain the deficit spending, and that Americans were already paying the price of those deficits. Obama went on about how deficits increase the risk of another crisis as the debt rises, […]
The tax burden on the U.S. economy is already too high by historical standards and is crimping growth and hampering recovery as a result, said publisher and one-time presidential hopeful Steve Forbes. The White House and Congressional Republicans are debating a fiscal framework for 2013, with the Obama administration’s proposal calling of tax hikes on […]
The last head of state of the former Soviet Union, Mikhail Sergeyevich Gorbachev, has warned the US of an imminent Soviet-like collapse if Washington persists with its hegemonic policies. Speaking at a Thursday conference on the future of the Middle East and the Black Sea region in the Turkish city of Istanbul, Gorbachev […]
The former president of the Federal Reserve Bank of New York and current Treasury boss Timothy Geithner has informed Republicans that Obama wants absolute authority to increase the national debt. Geithner’s proposal was met with derision and laughter by Republicans. “Well, it’s outrageous,” Sen. John Cornyn (R-Texas) told Fox News when asked about Obama’s plan […]
On Friday, Bloomberg News reported another embarrassing fact about the recently completed Democratic National Convention: it operated at a $15 million deficit. In a move certain to raise eyebrows at the Federal Election Commission, $10 million of that deficit was covered by a temporary line of credit from Duke Energy Corporation. Even with that borrowed […]
The nonpartisan Congressional Budget Office (CBO) on Wednesday warned the economy will enter a recession next year if the country goes over the so-called fiscal cliff. In its most dire warning yet about the fiscal cliff, the CBO said the economy would contract by 0.5 percent in calendar year 2013 if the George W. Bush-era […]
ALARMING! Washington’s Dilemma!. Soaring debt and a budget Congress can’t balance. This VIDEO explains why. Every person in the United States should watch this video! Before Washington will fix the problem, Americans must understand the problem. This video will help you understand. [youtube EW5IdwltaAc nolink]
