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Archive for the ‘Debt’ Category

Editor’s Note: If you have any other verifying stories please let us know via email or comment. By Zeus Yiamouyiannis, Ph.D. The government of Iceland has forgiven the mortgage debt for much of its population. This nation chose a very different way of stopping the crisis from the rest of European countries. It decided to [...]

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By Zeus Yiamouyiannis, Ph.D. Introduction Finally serious economists are considering a position I have been maintaining and writing about since the 2008 financial meltdown. Whatever its name— erasure, repudiation, abolishment, cancellation, jubilee—debt forgiveness, will have to eventually emerge forefront in global efforts to solve an ongoing systemic financial crisis. “On a grand scale the only [...]

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By Ron Paul One might think that the recent drama over the debt ceiling involves one side wanting to increase or maintain spending with the other side wanting to drastically cut spending, but that is far from the truth. In spite of the rhetoric being thrown around, the real debate is over how much government [...]

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By Braden Goyett Congress has until August 2nd to raise the debt ceiling, the cap on the amount of money the Treasury can borrow to pay the government’s bills. As the clock keeps ticking, you may still have unanswered questions. How dire could the consequences of not raising the debt ceiling be? What are the [...]

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The first ever GAO(Government Accountability Office) audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in [...]

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By Larry Edelson Editor’s Note: The American’s for Tax Reform Foundation’s Cost of Government Day Report is a mindbender. If this isn’t a steady march towards national, corporate socialism then what? The Cost of Government Day (COGD), the day of the calendar year on which the average American worker has earned enough gross income to [...]

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