Year: 2010

At The Daily Bell: The US $200-Trillion Debt Which Cannot Be Named. “Boston University economist Laurence Kotlikoff says U.S. government debt is not $13.5-trillion (U.S.), which is 60 percent of current gross domestic product, as global investors and American taxpayers think, but rather 14-fold higher: $200-trillion – 840 per cent of current GDP. ‘Let’s get real,’ Prof. Kotlikoff says. ‘The U.S. is bankrupt.’” Dollar Printing Feeding China Inflation Pimco likens US to ‘Ponzi’ scheme KAF sent this: HSBC Accused of Silver Manipulation Trigger Points, Black Swans, And Other Unpleasant Realities. (Thanks to K.T. for the link.) Gerald W. sent this: …

“Crisis is an Opportunity”: Engineering a Global Depression to Create a Global Government From The Telegraph: Greece reignites Europe debt woes And Harry is so humble, too: Reid: But for Me, We’d Be in Worldwide Depression Brett Arends: Warning: Retirement Disaster Ahead Items from The Economatrix: Durable Goods Orders Rise, Business Spending Cools Stocks Fall Amid Questions About Fed Plan Northfolk Southern 3Q Profits Soars As Shipments Rise Gerald Celente: The Economy, Wars, What’s Next? Night Of The Living Fed China Ministers: Dollar Printing Out Of Control

The Monetization of Lumber National 17.5%, California 22% Global Food Crisis Forecast As Prices Reach Record Highs Fed looks set for new round of monetary easing From Zero Hedge: A Quick Glance at Real World Inflation The chart says it all. The official hedonic-adjusted inflation figures are laughable. Federal Reserve Asset Buying May Reach $2 Trillion, Goldman’s Hatzius Says