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Lev Navrozov World Tribune 9/15/2011 …“The People’s Republic of China” (PRC), the brainchild of the Marxist Mao, with its 1.34 billion people, has been industrializing the country and modernizing its multimillion army. And for the last 40 years, those scientifically and technologically advanced countries have been keeping their technology from getting into the hands of […] September 18th, 2011 | Tags: Foreign Secretary William Hague, Lady Catherine Ashton, MEP Daniel Hannan, PM David Cameron, Portugal, sovereign debt, Spain | Category: China, Communism, European Union, France, Great Britain, Marxism | Comments are closed
Bill Wilson NetRight Daily 9/13/2011 In the 2010 elections, Republicans won an historic victory — picking up 63 House seats and 6 Senate seats — predicated largely on the mandate to cut spending and borrowing in Washington, D.C. Republicans railed against the Obama Administration’s proposal to take in more than $1 trillion in new debt […] September 14th, 2011 | Tags: GDP, gold standard, national debt, Republicans, sovereign debt | Category: Economy, Federal spending, Politicians, Taxes, unemployment | Comments are closed
Courtney Comstock Business Insider 9/5/2011 Josef Ackermann just gave a terrifying speech about the fragility of the Euro banking sector right now. At a conference in Frankfurt he said, “It is an open secret that numerous European banks would not survive having to revalue sovereign debt held on the banking book at market levels.” The […] September 5th, 2011 | Tags: 2008, Deutsche Bank, Greece, hedge funds, Josef Ackermann, sovereign debt | Category: Banking and finance, European Union, France, Italy, Politicians, Socialism | Comments are closed
Jack Ewing The New York Times 8/21/2011 FRANKFURT — Chancellor Angela Merkel of Germany on Sunday re-emphasized her opposition to issuing bonds backed by all the euro zone countries, a position that will be greeted enthusiastically by many of her fellow citizens but could unsettle investors at the beginning of what could be another difficult […] August 22nd, 2011 | Tags: Angela Merkel, bailouts, eurobonds, global reserve currency, Netherlands, sovereign debt, Treasury Securities | Category: Banking and finance, Economy, European Union, George Soros, Germany, Politicians, Socialism | Comments are closed
AFP via Breitbart.com 8/14/2011 George Soros, the US speculator turned billionaire philanthropist, has suggested both Greece and Portugal quit the European Union and the euro-zone because of their massive debts. “One has so mishandled the Greek problem that the best way forward at present might be an orderly exit” with Greece leaving both the EU […] August 15th, 2011 | Tags: Euro, eurobonds, Greece, International Monetary Fund (IMF), Merkel, Nicolas Sarkozy, Portugal, sovereign debt | Category: Banking and finance, Economy, European Union, France, George Soros, Germany | Comments are closed
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