Sunday, November 08th, 2009

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Posts Tagged ‘ Government Deficit ’

Purchasing Gold as a Product of Plagiarism

Jun 16th, 2009 | By Richard Daughty | Category: Gold Market

My latest sure-fire, money-maker idea is to sue Yu Yongding, former bigshot with the Chinese central bank, for plagiarism, as he is the guy who said that “If the US can find a way to protect China’s assets, America’s standing here will increase.” My case is built on the fact that he said, repeated so as to make sure it is on the record, that “If the US can find a way to protect China’s assets, America’s standing here will increase.”



Tax Revenues Tanking

May 22nd, 2009 | By David Galland | Category: Featured

While everyone else has been focused on the banks’ stress tests and how much government is spending to bail out troubled “too big to fails,” a disturbing trend on the other side of the equation is now emerging: how much (or rather, how little) the U.S. government is receiving in tax revenues.



A World of Financial Freeloaders

Jan 20th, 2009 | By Richard Daughty | Category: Financial News

I was reading Doug Noland’s Credit Bubble Bulletin at PrudentBear.com and I gulped in surprise and fear as he quotes Market News International as reporting that “The Congressional Budget Office said Wednesday that the fiscal year 2009 deficit will be $1.186 trillion” which, as bad as it looks, is actually on the low side of projections! Yikes!