It’s over the top when Obama told the European Council President and the European Commission President that “the United States stands ready to do our part” to bail out Europe.
Post Tagged with: "European debt"
January 11, 2012 09:53
Armageddon Dead Ahead
There is so much happening so rapidly that the average American has no idea of the state of the country. Few understand that the situation is hopeless, regardless of what government does. Defaults, both private and sovereigns are coming. The laws of mathematics say there is no solution.
January 11, 2012 09:11
Greek Crisis Has Pharmacists Pleading for Aspirin; Bailout Money Used for Military Spending
The Greek economy is now totally and completely dysfunctional. The government has resorted to price controls on goods to contain costs. However, price controls do nothing but cause shortages. – Mish Shedlock
January 6, 2012 06:12
European Debt Crisis: Still A Major Problem With Global Implications
[B]ank stocks plunged throughout the continent and impacted the general markets as well. Interest rates climbed and the Euro broke below $1.28 for the first time since September 2010.
January 4, 2012 08:21
Eurozone leaders warn that a recession is coming. Yup: and whose fault is that?
The reason that the eurozone faces such hard times is that its leaders have decided to keep the single currency together at any cost. The coming recession is not some inexorable force of nature; it is a consequence of the policies being pursued by Merkozy, Monti, Barroso and the rest. – The Telegraph
January 2, 2012 10:48
IBD Poll: Americans See Recession, Tax Hikes In 2012 – and Obama will win
We asked Americans about everything from Iran’s nuclear ambitions to the possibility that ObamaCare will be repealed to the likelihood of another U.S. recession taking place in 2012. The answers that came back were surprising — with an unusual amount of pessimism about both the domestic economy and foreign affairs. – IBD
December 30, 2011 06:01
The End Of The Euro And The End Of The Investor
Mom and pop will finally clue in to this in 2012, and get -their money- out of harm’s way. Well, either that or lose it. Their money, that is. Perhaps their minds too. And their homes. Their jobs.
December 26, 2011 10:16
A Very Scary Christmas And An Incredibly Frightening New Year
The truth is that we are rapidly approaching another financial crisis that may end up being even worse than the horrific crash of 2008.
December 26, 2011 07:55
Sen. Toomey: Debt apocalypse only a few years away
“I think people should realize how much more precarious the situation is than the way it appears.” “There’s going to be a day of reckoning.” Daily Caller’s Ginni Thomas sits down with Sen. Pat Toomey.
December 23, 2011 10:31
EU follows US into stealing from future generations
“the EU’s bailout-and-borrow policy had taken on a momentum of its own, like a runaway train. That train is now going at maximum speed, and has passed the point where a switch can still be thrown. The only question is when it hits the buffers. My guess is that we are months away.” – MEP Daniel Hannan in The Telegraph. Much the same can be said of the US debt problem.
