Debts and a New Beginning (tags)
Problems don't disappear when they are ignored. Through deregulation, the law of profit maximization and government failure, the financial sector was expanded and made independent of the real economy. 14 million jobs could be created through the Internet.
Argentinization of the US and Currency War (tags)
"After the great killing of the bison, the basic food of Indians, the great killing of the US dollar, the basic food of today's credit-junkie, could now be imminent.. A deficit amounting to 13% of the GDP is more than four times what was established as the convergence criterion of the European Union."
Central Banks Reduce Their Holdings (tags)
Japan, the largest investor in US debts, has been reducing its holdings for three years.. The decline of foreign treasury holdings is not surprising because foreign dollar investors suffered massive losses through the dollar's devaluation in the last two months.
Alan Greenspan on Thom Hartmann Monday (tags)
Tune in to the Thom Hartmann show Monday on Air America and hear Thom interview Alan Greenspan, head of the US Federal Reserve for 18 years and engineer of the present mortgage-credit-bubble crisis.