Disastrous Outcomes From An Orchestrated Crisis
By Paul Craig Roberts
The US has become such a ridiculous collection of fools that no real crisis can be recognized.Continue
By Paul Craig Roberts
We are talking about a crisis beyond anything the world has ever seen. Does anyone think that President Obama is going to just sit there while the power of the US collapses? Continue
Americans 'Disgusted' as Politicians Fail to Compromise on Debt
By Bloomberg
The average American had real disposable income after taxes of $33,064, according to May figures from the Bureau of Economic Analysis. The lead debt-ceiling negotiators, Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell each will earn $193,400 this year.Continue
The scourge of 'peak oil': When demand for oil consistently surpasses supply, experts warn that our lives will look "very differently"
Defense Cuts? Don't Believe Them Until You See Them: One upshot of the debt-ceiling debate is that politicians might finally be ready to trim the outrageously bloated U.S. military budget. That’s the story, anyway, being told by the Washington Post
Congress Warned of Credit 'Downgrade' if War Savings Counted as Deficit Reduction: Senate Democrats' inclusion in their proposed debt package of $1 trillion in savings from the wars in Iraq and Afghanistan may not satisfy ratings agencies threatening a credit downgrade since the wars were expected to end with or without a debt deal.
Swift U.S. action on debt needed in global interest: IMF: - The International Monetary Fund on Monday urged the United States to swiftly raise the debt ceiling to ward off risks of a credit downgrade that could damage the global economy.
Analysis: U.S. credit downgrade 'inevitable': Only seven days stand between the U.S. and the effects of a credit default. But a downgrade of the nation’s stellar AAA credit rating seems a lot more likely, and a lot sooner.
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