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State Budgets: Serious, Ridiculous, Ugly

by John Rubino on June 23, 2010

This week the focus shifted from Europe, where (apart from the French World Cup team) things are quiet, to the US, where state budget deadlines are forcing some tough, and occasionally bizarre, choices. Time Magazine’s cover, for instance blares “The Broken States of America”. An excerpt: … Almost no one — and no place — [...]

Classic Videos: Retirement Armageddon

by John Rubino on June 19, 2010

Here’s a wake-up call from Gary North of the Ludwig von Mises Institute on why our idea of retirement will turn out to be a cruel joke. A few quotes: Social Security will go bankrupt…The average American is going to have a miserable retirement. There’s not much a recent retiree can do. They’ve walked into [...]

Deeply Disturbing, For Different Reasons

by John Rubino on June 16, 2010

A couple of articles appeared today that couldn’t be more different in tone, content, or point of view, but dovetail in a really disturbing way. The first is from University of Texas economist James Galbraith on how we’re rich enough to afford pretty much whatever we want: The national security shell game Deficit hawks are [...]

Europe Takes the Other Road

by John Rubino on June 14, 2010

On its long journey to the land of bankruptcy, the Western world recently arrived at the last and most important crossroad. One branch led to a 1930s-style collapse under the weight of already-accumulated debt, while the other led to hyperinflation, as printing presses ramp up to stave off collapse. The U.S. didn’t even slow down; [...]

Classic Videos: Hyperinflation Nation Part 1/3

by John Rubino on February 21, 2010

With guys like Ron Paul, Peter Schiff and Marc Faber suddenly getting a lot of airtime, the number of compelling videos available on YouTube is soaring. I’ve been sifting through them to build a “classic videos” file with the idea of posting one or so each week. Here’s the first in the series, Hyperinflation Nation, [...]

 
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