Cartoonist Ted Rall Takes On the System
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Economics,
Fascism,
Government Debt,
Wall Street Greed
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Niall Ferguson on America’s Death Spiral
“Fiscal tightening is baked in the cake. Tax increases are coming and coming soon… The US has a kind of stay of execution while the European crisis unfolds, but at some point the nasty fiscal arithmetic will get everyone, including the U.S… Treasuries are a safe haven the way Pearl Harbor was a safe haven in 1941. It’s safe until it’s not safe anymore.”
Redburn Partners: Gold is Money and Nothing Else
Dubai Defaults
The debt-laiden state chose the U. S. Market holiday of Thanksgiving to unilateraly announce a "restructuring" of their debt. Because there are many CDS side bets, this raises the spector of another huge government banker bailout.
The Financial System is a Farce