Economic Liberties

Poverty barely changes, median income decreases in Census data

Median income declined last year, according to recently released info from the United States Census. Working-class Americans are having a harder time of things, including lower earnings among other financial maladies. Article source: Median Income

 

Individuals not getting much better

 

There are jobs out there, but they are not jobs that people can support a family and live off of. That is why people are struggling so much. It is not a secret that individuals have been having a very hard time for a while, and there are not enough great jobs accessible.

 

Student Loan Debt Issues Is A Rapid Growing Law Practice Niche

Student loan default is on the rise in the United States of America. While not as big as the real estate problems that plagued the country in 2008, student loan default is about to be the next bubble to hit the nation. Unfortunately many people do not know that student loan lawyers exist in the legal field and plent of articles on the web with helpful information.

Student Loan Debt Issues Is A Rapid Growing Law Practice Niche

Student loan default is on the rise in the United States of America. While not as big as the real estate problems that plagued the country in 2008, student loan default is about to be the next bubble to hit the nation. Unfortunately many people do not know that student loan lawyers exist in the legal field and plent of articles on the web with helpful information.

Student Loan Debt Issues Is A Rapid Growing Law Practice Niche

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Plans for additional economic stimulus by Federal Reserve

Federal Reserve announces plans for additional economic stimulus The Federal Reserve said that it arranged the choice of more economic easing after the release of August's poor jobs report. Those endeavors have been formulated, and were publicized on Thursday. Article resource: Feds Economic Stimulus

Lower borrowing costs

The Federal Reserve has decided it is necessary to lower borrowing costs even more after a two-day meeting with the policy committee. The Fed explained that it will spend $40 each month on mortgage backed securities to do this. This will be a 3rd round of “quantitative reason.”

Krugman Pokes the Austrian Bear (Again)

I'm sure many of you have already read Paul Krugman's latest column, in which he points out what he believes is a contradiction within the Austrian school regarding money market funds: 

"But consider a more recent innovation: money market funds. Such funds are just a particular type of mutual fund - and surely the Austrians don't want to ban financial intermediation (or do they?). Yet shares in a MMF are very clearly a form of money - you can even write checks on them - created out of thin air by financial institutions, with very few pieces of green paper behind them.

Economic Patriotism

from Strickland's speech in Charlotte:

Mitt Romney has so little economic patriotism that even his money needs a passport. It summers on the beaches of the Cayman Islands and winters on the slopes of the Swiss Alps. In Matthew, chapter 6, verse 21, the scriptures teach us that where your treasure is, there will your heart be also. My friends, any man who aspires to be our president should keep both his treasure and his heart in the United States of America. And it's well past time for Mitt Romney to come clean with the American people.

 

Brazil's Central Bank on Strike

From the "You can't make this stuff up" file - Brazilian central bank workers are on strike, demanding wage increases to keep up with the inflation they caused.

http://www.bloomberg.com/news/2012-08-08/brazil-central-bank-work-stoppage-tests-rousseff-budget-rigor.html

Naturally, the Bloomberg article gets cause/effect completely wrong (they're only an economics/business news firm, after all), but the irony is delicious nevertheless.

JP Morgan Lose $2 Billion

http://www.bbc.co.uk/news/business-18039744

 

Great to know the banking bailouts have enabled the big banks to continue to play casino & make massive losses

Get your bell bottoms on because stagflation might be back

The 1970s, the decade of bell bottom trousers, prawn coctails, disco, Lynda Carter & stagflation!


http://www.bbc.co.uk/news/business-14540818

 

Euro crisis: Barroso warns debt crisis is spreading

http://www.bbc.co.uk/news/business-14404852

 

NO CRAP!!

 

Greece has just been bailed out for the second time & if Greece gets into further trouble i doubt there will be a third bailout

 

If Greece truly goes bust, Ireland would be next & if Ireland goes bust the the British economy could be in a whole heap more trouble because guess who the British government has been lending billions to

Time honored ways to stay in debt

"Ignorance is bliss," someone once said, and how right he was. The Contented Debt-Strapped Consumer (CD-SC) need not be concerned about possible potential problems of their debt. Why stress over bankruptcy, staggeringly overwhelming obligations and ruin? The future is not here yet, so why worry about it? This is especially true when there are so many well-known methods of increasing and extending debt. One of probably the most common types of debt is quick installment loans since they're so simple to get.

1. What does debt matter?

Official IRS Data show that the top 1% of income earners paid 40% of all fed income taxes

They paid 40% of all federal income taxes last year. 

The top 25% paid 85%.

(The bottom 20% of earners paid no income taxes. They got subsidies through the EIT).

http://blogs.forbes.com/peterferrara/2011/07/28/president-obama-is-no-longer-tethered-to-reality/

and

http://www.ntu.org/tax-basics/who-pays-income-taxes.html

Meanwhile, corporate taxes are the highest in the industrialized world at 40%. (Not that I approve of the government-created things called corporations) Communist china has a rate of 25%.

Apple holding more cash than USA

http://www.bbc.co.uk/news/technology-14340470

 

Saw this story about Apple having more cash then the US govt thought it might interest people

Metal Leasing: Your thoughts?

Today I was looking at kitco.com charts, (actually considering buying an ad on that site).

I came across charts showing the silver lease rate.  I have no idea what a silver lease is, or how such a contract would work, so I investigated a little, finding this article critical of the practice of metals leasing.

http://www.24hgold.com/english/news-gold-silver-silver-leasing-or-silver...

I am curious as to your thoughts on this matter.

Obama Starts Another War

Looks like Obama has done it again.  This time, it's not about death, destruction, and violations of CONstitutional protections.  This time Obama invades Columbia, and it's better than you think.

Take a look:

Obama Sparks War in Colombia

Bernake says there is no inflation. >whew< lol

It's ooookay. There is nothing to worry about! The great Bernake, the leader of the Fed when the housing bubble burst, says we have nothing to worry aboiut. Of course, this is the same guy who doesn't seem to draw a connection between printing money and inflation so...

 

http://finance.yahoo.com/blogs/breakout/bernanke-no-inflation-were-could-stop-20110405-093226-104.html

 

Bernake, you need to stop that noise!

Climate Fraud and Tax War in Australia

Fellow Conspirators:

It seems like an odd situation to describe Australia as being a place, where open warfare has
broken out over the climate fraud and taxation.

The usual tranquil stereotypes emerge when I speak to Americans and others about what they
see as uniquely Australian.

Putting a shrimp on the barbie, making the usual reference to the size of one's knife and of cause
the general languid sound of our accent is usually the first thing that springs to mind. Tax Wars,
though don't fit the bill.

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