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How to repair a bankrupt country By Alex Merced Well continuing with the balance sheet analogy of my previous post, how does a bankrupt company survive bankruptcy and what is bankruptcy. In order for a company to survive it must have enough assets to pay of it's creditors which are part of it's...
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AlexMerced
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Alex Merced
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Thu, Apr 15 2010
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Filed under: Public Sector, Private Sector, Equity, Balance Sheet, Liabilities, USA, Country, Forgive, Debt, Bankrupt
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Just a reminder the EU president Baroso, wants an action to help out Greece. The Maastricht Vertrag is very clear about this: Die Union haftet nicht für die Verbindlichkeiten der Zentralregierungen, der regionalen oder lokalen Gebietskörperschaften oder anderen öffentlich-rechtlichen Körperschaften...
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Madness Now Accelerating By Monty Pelerin , posted March 23rd, 2010 http://www.economicnoise.com/2010/03/23/madness-now-accelerating/ A new data point now to be supplied by Zerohedge on a daily basis. Emphasis added by me. The largest deficit in history was the profligate George Bush. His record, $455...
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Ben Bernanke, Chairman of the US Federal Reserve, faces a Sisyphean task because US banks are experiencing debt deflation and, because lending is now at much lower levels, monetary deflation is encumbering the domestic US economy as existing debts continue to be serviced. Government deficit spending...
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Hera
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Ron Hera
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Wed, Mar 10 2010
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Filed under: Federal reserve, US dollar, CPI, deflation, debt, inflation, GDP, central banks, money supply, US economy, central bank, M3
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Martenson's Forecast for How This Ends By Monty Pelerin , posted February 12th, 2010 http://www.economicnoise.com/2010/02/12/martensons-forecast-for-how-this-ends/ For investors or just curiosity-seekers, how we escape from the economic mess is of interest. Jim Puplava at FinancialSense.com stated...
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Just found. The assets of the Deutsche Bahn are estimated at around 150 Mrd EUR. Now let's assume the DB is there now for 60 years. The new debts of German in 2019 are 100 Mrd (currently, still open to higher values, unlikely to be lower). So our Politicians just destrory something the Germans have...
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Stansberry: Bankruptcy of the US is Now Certain By Monty Pelerin , posted November 30th, 2009 http://www.economicnoise.com/2009/11/30/stansberry-bankruptcy-of-the-us-is-now-certain/ This article concludes, as did my recent post Spiraling to Bankruptcy. that the bankruptcy of the United States is now...
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If the Government confiscated everything, the social programs would still be $50 trillion short and the Government would still be bankrupt. Furthermore, no company or individual would be left with anything. The economy is in bad shape. Some say it is worse than any time since the Great Depression. I...
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Fannie Mae reports third quarter loss of $18.9 billion and requests another $15 billion in taxpayer funds. Another government enterprise comes back to the well for more, with no end in sight. Bloomberg has a summary of the results here . FNM was the organization that couldn’t do accounting properly...
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My recent post on the US Hyperinflation Coming ties in nicely with the note provided below by Chris Coyne. He quotes Beaulier and Boettke who argue (along with Adam Smith ) that facing up to our debt problems now is the proper course. In effect, they argue for the Zimbabwe solution now as opposed to...
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The US economy has been in crisis since 2008 and despite optimistic statements by officials and commentators there are no fundamental signs that the crisis will end in the foreseeable future. Current economic data suggests a number of diverging and unsustainable trends. The US economy has suffered a...