Posts Tagged ‘ national debt ’

How a $13 Trillion Cover Story was Written (part 2)

Continued from Part 1 The missed opportunity When Lehman Brothers filed for bankruptcy on September 15, 2008, the presidential campaign between Barack Obama and John McCain was peaking toward Election Day on November 4. Voters told pollsters that the economy was their main issue – their debts, soaring housing costs (“wealth creation” to real estate speculators...
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Debt, Radiation and Earthquakes: It is Getting Worse and Everyone Knows It

Greece, Ireland and Portugal are going to default on their national debts. Most other EU nations are bailing out of private bonds in those countries and converting their equity to national debt. China is bailing out of private US debt and converting it to treasury paper. At some point, and I think we...
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Posted in OP/ED | 3 Comments »