Category: The Coming Austerity

June 11, 2010 Category: The Coming Austerity

George Soros: ‘We Have Just Entered Act II’ of Financial Crisis

“The collapse of the financial system as we know it is real, and the crisis is far from over,” Soros said today at a conference in Vienna. “Indeed, we have just entered Act II of the drama.”

June 9, 2010 Category: The Coming Austerity

Ten Benefits of Expatriation

The following is an excerpt from the free 29-page American Expatriation Guide, written by a former U.S. citizen who wants to remain anonymous. Read what he has to say – from a “been there, done that” perspective – and maybe take your own first steps to move to greener pastures. Everybody has their own personal […]

Category: The Coming Austerity

Economist Mag: "Longer-term Issues for America Are Really, Really Serious"

June 8, 2010 Category: The Coming Austerity

U.S debt to rise to $19.6 trillion by 2015

The U.S. debt will top $13.6 trillion this year and climb to an estimated $19.6 trillion by 2015, according to a Treasury Department report to Congress.

Category: The Coming Austerity

Laffer: Tax Hikes and the 2011 Economic Collapse

People can change the volume, the location and the composition of their income, and they can do so in response to changes in government policies.

June 3, 2010 Category: The Coming Austerity

U.S. National Debt Tops $13 Trillion Mark

The federal government is now $13 trillion in the red, the Treasury Department reported Wednesday, marking the first time the government has sunk that far into debt and putting a sharp point on the spending debate on Capitol Hill.

Category: The Coming Austerity

Fed’s Hoenig lays out plan to hike interest rates

Thomas Hoenig, the president of the Kansas City Federal Reserve bank, laid out on Thursday his proposed plan to take short-term interest rates from near-zero to 4.5%. In a speech in Bartlesville, Okla., Hoenig said the country pays a high cost for low interest rates, suggesting that the financial crisis stemmed from the very low interest rates of 2002-2005.