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...
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...