Where this funding will come from is the $64 Trillion question. Very likely it will be created out of thin air by Central Banks, exactly as they have done for much of the last four years. Obviously there is a limit to how much money they can create before fiat currencies collapse.
Post Tagged with: "sovereign debt crisis"
December 1, 2011 12:02
Yesterday’s Stock Market Rally Courtesy of Government Ponzi
The actions of the Central Banks signal how desperate the situation is. Nothing was done to help Greece, Spain or the other insolvent European sovereigns. Yesterday was an attempt to keep the dysfunctional world financial system going awhile longer.
November 16, 2011 14:10
Debt up $400 billion while Super Committee diddles
Its like refusing to slow down for the iceberg on the Titanic. In the three months the super partisan Democrats on the committee have refused any spending cuts the debt has climbed $400 BILLION! The national debt is set to hit $15 TRILLION today 11-16-11.
November 16, 2011 09:53
Europe in a death spiral?
The Merkozy’s of Europe will be making “calming” statements over the next few days. We are dangerously close to a death spiral, and they know it. But they have nothing on their shelf but words.
September 21, 2011 05:53
Fiscal Child Abuse – America’s debt woe is worse than Greece’s
The ongoing food fight between Obama and the Republicans is hiding the real game — spending ever-larger sums on ourselves and leaving ever-larger bills for our kids. This fiscal child abuse must stop. – CNN
July 19, 2011 07:41
Moody’s Credibility Sinks to Junk Status
“The fact that Moody’s can make such an asinine statement shows you the truth behind that organization. And that’s why Moody’s was putting triple-A ratings on mortgage-backed securities that went to ZERO. Because that’s about how much credibility Moody’s has in the ratings world…and that’s ZERO.” – Peter Schiff
July 8, 2011 06:39
The Sovereign Debt Crisis Is Never Going To End Until There Is A Major Global Financial Collapse
The combination of huge amounts of debt and huge amounts of leverage is incredibly toxic, and that is what we have all over the globe today. Almost every major nation is drowning in a sea of red ink and almost all of our major financial institutions are leveraged to the hilt.
May 25, 2011 04:10
Gold and Dollar Pop on Euro Debt Crisis
85% of international investors recently surveyed by Bloomberg said Greece will probably default, with smaller majorities predicting Portugal and Ireland will do the same.
May 23, 2011 03:15
We’re not seeing leadership from the president
Rep. Paul Ryan discusses the debt crisis and Newt’s comments regarding the Ryan plan on Meet the Press. “We are leading in the House. …. People are hungry for solutions. … They are hungry for leadership.”
May 12, 2011 06:27
Hyperbole or prophecy? Mainstreamers predict economic meltdown
Economist Walter Williams, former presidential candidate Steve Forbes, New York Gov. George Pataki, and Rep. Paul Ryan among others have expressed the dire consequences of continued spending and spiraling debt.
