Tag Archives: inflation

China, Russia and South Korea Make Moves Away from Dollar

BRICS (Brazil, Russia, India, China, S. Africa) is the acronym signifying the next generation of economic power houses. Increasingly, these, and nations like them are working to diminish the U.S. Dollar as the World’s reserve currency. This week, China and Russia took more steps towards that goal. China’s central bank has authorised the Bank of Communications,… Read More »

Why the Federal Debt and Deficit Matter

In 2007 while he was campaigning for President, Barack Obama called George W. Bush irresponsible and un-patriotic for adding $4,000,000,000,000.00 to the US debt during his eight years in office. President Obama was correct in his estimation. That has not prevented him, however, from increasing the debt by $5,000,000,000,000.00 in less than half the time… Read More »

The Tax Man Cometh in 2013

Every single American will feel some serious financial pain in 2013, [right after the Presidential elections] due to major, stealthily-enacted, and semi-hidden tax increases, along with numerous EPA-mandated regulations that will result in skyrocketing energy prices across the country.  All of this will happen because Congress is currently paralyzed against acting responsibly due to it being an election year, where the DC power brokers, lobbyists… Read More »

Obama 2012 Holiday Message: Children vs Parents (Part 2)

In part 1 of Obama 2012 Holiday Message: Children vs Parents, President Obama’s Home for the Holidays: Share Why You are Working to Re-elect President Obama campaign video that tells America’s youth to go home and convert their parents into Obama-supporters was detailed. In part 2 of the Obama 2012 Holiday Message: Children vs Parents… Read More »

Why the debt crisis in Europe matters to American families

Who are “The PIIGS” The PIIGS (Portugal, Ireland, Italy, Greece and Spain) have been in the news, but the econo-geek phrases being thrown around sometimes make it difficult to know why anyone in the U.S.A should care what happens if Greece, Italy or anyone in the Eurozone goes under. It matters – greatly. The entire… Read More »

High Inflation and Low Investment Hampers Recovery

LONDON, July 27, 2011/PRNewswire/ —  Rising inflation and flat investment have kept the world’s economic recovery stuck in reverse, the latest Global Economic Conditions survey from ACCA (the Association of Chartered Certified Accountants) has shown. Of the 2,186 ACCA members surveyed between 16 May and 6 June 2011, only 26% reported increased confidence, down from… Read More »

House to Vote on Libyan War Action This Week

The Republican-led House of Representatives will be voting on a bill sponsored by Dennis Kucinich ( D- Ohio ) this week, according to TheHill.com: The office of Majority Leader Eric Cantor (R-Va.) said Friday the House would take up a resolution introduced by anti-war Rep. Dennis Kucinich (D-Ohio) that directs the president to remove U.S.… Read More »

Glenn Beck: America is Being Played !

Glenn Beck has predicted the Middle East crisis almost to a tee recently, and while everyone was calling him crazy for it months ago, no one seems to admit how correct he was today. Beck predicted that Egypt, Libya. Tunisia etc. would all be on fire due to civil unrest and what do we see… Read More »

Food and Energy Inflation Is Not Transitory

FORT LEE, N.J., April 28, 2011 /PRNewswire/ — Federal Reserve Chairman Ben Bernanke on Wednesday held his first press conference in history. The press conference took place shortly after the Fed announced its decision to leave the Fed Funds Rate at a record low of 0% to 0.25%, where it has been for an unprecedented 28 months. The U.S. economy… Read More »

When China Turns Away

It may already be happening. Recently released US Treasury data shows China has been actively reducing its holdings of Treasury debt. China has cut its holdings by $100 billion over the past year to just $844 billion. China has been seeking new ways to recycle its trade surplus and hold back any rise in the… Read More »

CDN Panel Discusses America: SNAFU

SNAFU: Situation Normal, All F%@#3D  Up The panel discussed how today we accept things that just 10 years ago we would all have found reprehensible, ponders what we might accept in another decade, and what we can all do to change this de-sensitization. Use the player below to listen the archive of the show. Listen… Read More »