Moral Outrage
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Posts Tagged ‘default

Greece to default and cut from Eurozone on March 23?

February 16, 2012

According to a prominent blog post, written document giving firm dates and detailed actions for a planned Greek default has been in the possession of two top Wall Street bank currency trading bosses since the second week in January. The document asserts that Greece will officially be declared in default by all the ratings agencies […]

The United States Defaulted Long Ago

July 29, 2011

The mainstream media acts as if not raising the debt ceiling by August 2nd will result in America defaulting. This is a crock. America chose to proceed on a path to default decades ago. We are just finally reaching our destination. Below are the choices we made as a people and a country to default […]

Debt Ceiling Dilemma

July 15, 2011

The debt ceiling discussion is in a real crisis moment. Our economy and much of what has been fought for over the last 60 years is at risk. In about 2 weeks, Republicans could force America into default and crash our whole economy in order to protect tax breaks for corporations and millionaires. Additionally, it […]

China warns US on debt crisis destabilizing the global economy

June 10, 2011

Republican lawmakers are “playing with fire” by contemplating even a brief debt default as a means to force deeper government spending cuts, an adviser to China’s central bank said on Wednesday. The idea of a technical default — essentially delaying interest payments for a few days — has gained backing from a growing number of […]

The undeclared creeping US bankruptcy

January 5, 2011

In essence the US is bankrupt, but how will it go about filing for bankruptcy? There are 2 ways – one is to default on its debts. This would create a massive convulsion and crash the markets, leading to an almost instant depression. This is not so attractive to politicians or the elites as it […]

US government debt to be rated junk?

September 9, 2010

A few weeks ago, Hedgeye, an investment research firm posed the question, “Should U.S. Government Debt Be Rated Junk Status?” since the metrics by which we evaluate the balance sheet of the United States continue to deteriorate. Typically, a bond receives junk status due to its increased risk of default. In general, the owner of […]