Mar
31
(AFX UK Focus) 2010-03-31 10:15 German cabinet agrees bank bailout rules-govt official (Interactive Investor)
Filed Under Banker Bailout | Leave a Comment
BERLIN, March 31 (Reuters) – The German cabinet on Wednesday agreed new rules to protect taxpayers from bearing alone the cost of future bank bailouts, a government official told Reuters. The new rules, which the cabinet wants to work into a draft law by the summer, will reform insolvency law for big banks whose demise could jeopardise the health of the broader financial sector. The rules …
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Mar
31
With all the layoffs on campus and a spending freeze enforced on the state budget, it is hard to believe that Baton Rouge is still rolling steady in the current recession.
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Mar
31
Payrolls firm ADP said the US economy shed 23,000 private-sector jobs in March.
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Mar
31
How IN N OUT Will Survive and Thrive thought this current Economic Recession Depression
Filed Under Economic Depression | 7 Comments
Business News – Don’t eat fast food but when i do its; this place or bakers
Duration : 0:3:12
Mar
31
Ron Paul’s Texas Straight Talk 3/29/10: Healthcare and Economic Realities
Filed Under Healthcare Reform | 17 Comments
http://house.gov/paul
http://CampaignForLiberty.com
With passage of last weeks bill, the American people are now the unhappy recipients of Washingtons disastrous prescription for healthcare reform. Congressional leaders relied on highly dubious budget predictions, faulty market assumptions, and outright fantasy to convince a slim majority that this major expansion of government somehow will reduce federal spending. This legislation is just the next step towards universal, single payer healthcare, which many see as a human right. Of course, this right must be produced by the labor of other people, meaning theft and coercion by government is necessary to produce and distribute it.
Those who understand Austrian economic theory know that this new model of healthcare will cause major problems down the road, as it has in every nation that ignores economic realities. The more government involves itself in medicine, the worse healthcare will get: quality of care will diminish as the system struggles to contain rising costs, while shortages and long waiting times for treatment will become more and more commonplace.
Consider what would happen if car insurance worked the way health insurance does. What if it was determined that gasoline was a right, and should be covered by your car insurance policy? Perhaps every gas station would have to hire a small army of bureaucrats to file reimbursement claims to insurance companies for every tank of gas sold! What would that kind of system do to the costs of running a gas station? How would that affect the prices of both gasoline and car insurance? Yet this is exactly the type of system Congress is now expanding in health insurance. In a free market system, health insurance would serve as true insurance against serious injuries or illness, not as a convoluted system of third party payments for routine doctor visits and every minor illness.
While proponents of this reform continue to defy all logic and reason by claiming it will save money, I worry about cataclysmic economic events. Already investors are more reluctant to buy US Treasuries, fearing that the healthcare bill, along with other spending, will cause government debt to explode to default levels. I had the opportunity last week to address my concerns with both Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke, especially about the potential for the coming serious inflation. I am not optimistic that these important decision makers truly understand what is coming, why it is coming, and how best to deal with it.
The Federal Reserve finds itself in an unprecedented and unenviable position. To keep up with government spending and corporate irresponsibility, it has increased the monetary base by nearly $1.5 trillion since September of 2008. Excess bank reserves remain at historically high levels, and the Fed’s balance sheet has ballooned to over $2 trillion. If the Fed pulls this excess liquidity out of the system, it risks collapsing banks that rely on the newly created money. However, if the Fed fails to pull this excess liquidity out of the system we risk tipping into hyperinflation. This is where central banking inevitably has led us.
The idea that a handful of brilliant minds can somehow steer an economy is fatal to economic growth and stability. The Soviet Union’s economy failed because of its central economic planning, and the U.S. economy will suffer the same fate if we continue down the path toward more centralized control. We need to bring back sound money and free markets- yes, even in healthcare- if we hope to soften the economic blows coming our way.
Duration : 0:4:10
Mar
31
Homes of politicians vandalized for supporting the fraudulent banker bailout
Filed Under Banker Bailout | 19 Comments
In a bizarre twist of priorities the destruction of the U. S. economy and theft of trillions of dollars from generations of Americans is somehow insignificant compared to some minor vandalism on the homes of the gods.
The incident is being called disturbing, threatening, hateful, and terrorism. Local, state and federal law enforcement has been called upon to investigate. Too bad the people cant get this level of response when Congress commits serious crimes against The Constitution.
Duration : 0:2:32
Mar
31
BGC Partners David Buik on Chinas economic growth and concerns of a double-dip recession.
Duration : 0:4:12
Mar
31
go to http://GeraldCelenteChannel.Blogspot.com for the rest of the story
Duration : 0:3:44
Mar
31
In this clip Senator Ron Paul questions FED Chairman Ben Bernanke On the U.S. Economy. For more information regarding the U.S. Economy and its effect on Real Estate visit my website at http://www.PhilDeCarolis.com.
Duration : 0:6:16
Mar
30
What do you do with your money in recession, possibly global recession?
Filed Under Recession | 5 Comments
I think U.S in already in recession. With dollar shrinking by the day and fear that the whole world might go down with the U.S, what do you do? Commodity prices are all time high too.
this is where people living in farm lands have an advantage. They can have food on the table without really spending too much. they plant veggies and raise live stock, they can be self reliant. so in a recession, we have to be self reliant. we must learn to minimize expenses, and try to invest your money wisely.
recession sucks for many, but recession is opportunity for others. this is when you explore investments in real estate, this is the time when stock markets become buyers market.