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...
Posted to
AlexMerced
by
Alex Merced
on Thu, Apr 15 2010
Filed under: Public Sector, Private Sector, Equity, Balance Sheet, Liabilities, USA, Country, Forgive, Debt, Bankrupt
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...
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...
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...
Posted to
Hera
by
Ron Hera
on Wed, Mar 10 2010
Filed under: Federal reserve, US dollar, CPI, deflation, debt, inflation, GDP, central banks, money supply, US economy, central bank, M3
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...