Money poured into developing economies after the financial crisis, and now it’s starting to pour out. How much should we worry?
I have made mention many times that the U.S. was the White Knight to the world in 2008. We were kind enough (shoved down the populace’ throats) to open up our Treasury to the tune of $700 billion, the Fed lent out a hidden $17 trillion while the other acronyms ponied up a trillions of […]
I promised I would write a piece that explains why the “we owe it to ourselves” explanation of our national debt is pure hogwash. The thought process is that since “we owe it to ourselves” who cares how much total debt we have because it just doesn’t matter. If we defaulted, we would only be […]
Greg Hunter’s USAWatchdogs.com Financial writer and former international derivatives broker Rob Kirby thinks the Fed’s recent cut back in money printing or “taper” is a con game. Kirby says, “The threat of taper made rates go up. The actual taper has made the 10-year Treasury drop 40 basis points in less than a month. The notion […]