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The Real Story Behind the Great Recession: Debt

Posted by Greg L on January 23, 2010 · 2 Comments

A Zimbabwean man carrying money to purchase something. The annual rate of inflation in Zimbabwe is 100,000% Above all else, the level of debt is the biggest problem behind the economic malaise we find ourselves in. The debt problems are everywhere—mortgages, government debt, credit cards, auto loans and etc. The basic problem is that … Continue reading →

Filed under Economics, Financial Crisis · Tagged with Debt Crisis, Dollar Devaluation, federal reserve, Marc Farber, National Debt

Warren Buffet sounds the alarm

Posted by Greg L on August 19, 2009 · Leave a Comment

This in from famed investor Warren Buffet. One of the effects of all the Federal Reserve’s money printing is the threat to the US dollar as the world’s reserve currency (i.e. the main currency used to transact international tade). Our nation effectively exports its inflation as there are many nations that need to hold dollars … Continue reading →

Filed under Business, Economics, Financial Crisis, Politics · Tagged with Deficits, federal budget, federal reserve, Obama, Taxes, US Dollar, Warren Buffet

“If we remain poor and dependent, the riches of other men will not avail us. If we are ignorant, the intelligence of other men will do but little for us. If we are foolish, the wisdom of other men will not guide us. If we are wasteful of time and money, the economy of other men will only make our destitution the more disgraceful and hurtful. “
Frederick Douglass
“If you form the habit of going by what you hear others say about someone, or going by what others think about someone, instead of searching that thing out for yourself and seeing for yourself, you will be walking west when you think you’re going east, and you will be walking east when you think you’re going west. This generation, especially of our people, has a burden, more so than any other time in history. The most important thing we can learn to do today is think for ourselves.”
Malcolm X
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Warren Buffet sounds the alarm

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