Housing Market is Awful By Monty Pelerin , posted December 28th, 2009 http://www.economicnoise.com/2009/12/28/housing-market-is-awful/ Kicking the Can Down the Road If you believe that the housing market is improving, it might be understandable given the “pumping” provided by main-stream...
Tennessee Williams Was Smarter than US By Monty Pelerin , posted December 23rd, 2009 http://www.economicnoise.com/2009/12/23/tennessee-williams-was-smarter-than-us/ The United States is now dependent on the rest of the world to finance its government deficits. As the sovereign version of Tennessee Williams’...
By Monty Pelerin , posted December 3rd, 2009 http://www.economicnoise.com/2009/12/03/jimmy-stewart-wouldnt-run-these-banks/ Frank Capra’s George Bailey of Bailey Savings and Loan would surely not recognize our banking system or its accounting. However, Mr. Potter, George’s evil competitor...
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Filed under: economy, politics, financial system, Government, economics, morality, ethics, insolvency, bankruptcy, credibility, integrity, failing
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...
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...
A must-watch video that describes the case for dollar collapse and hyperinflation. See The Dollar Bubble