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Is the U.S. too big to fail...?
TJColatrella
follow
1
4-29-2009 6:33 PM
158 views
tags:
u.s.
,
banking
,
corruption
,
deregulation
,
gramm
,
federal reserve
,
geithner
,
bilderberg group
,
bush
,
deficits
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/53612f45-5c42-4c11-8ea5-ee45a0c3aaf6/330262CC-C943-4D77-9511-4649F97D60FA/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.huffingtonpost.com/sheldon-filger/is-the-united-states-too_b_192508.html" href="http://www.huffingtonpost.com/sheldon-filger/is-the-united-states-too_b_192508.html" style="font-size: 11px;">www.huffingtonpost.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/sheldon-filger/is-the-united-states-too_b_192508.html"><H1><A id="title_permalink" title="Permalink" href="http://www.huffingtonpost.com/sheldon-filger/is-the-united-states-too_b_192508.html">Is the United States too Big to Fail?</A></H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/sheldon-filger/is-the-united-states-too_b_192508.html"><DIV class="float_left fixed_width_author"> <H2><A href="http://www.huffingtonpost.com/sheldon-filger">Sheldon Filger</A></H2> <P class="teaser_permalink">Writer, founder of GlobalEconomicCrisis.com</p> <DIV class="blog_posted_date"> Posted April 29, 2009 <SPAN class="sep">|</SPAN> 12:41 PM (EST) </DIV> </DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/sheldon-filger/is-the-united-states-too_b_192508.html"><P>But what if a point is reached when the rest of the world is no longer willing to lend its scarce capital to the United States, and subsidize its Wall Street bailouts and extravagant military industrial complex? No doubt, the oligarchs would then use their political muscle to enact higher taxation on middle income Americans. This may come in the form of higher consumption taxes; however, a growing possibility is the hidden tax of inflation. A dirty secret that is increasingly being discussed by economists in quiet corners is that there is no way the United States can possibly pay for the servicing of its massive, expanding national debt without resorting to inflation.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/330262CC-C943-4D77-9511-4649F97D60FA/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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