Why austerity now?
…“business confidence” and the usual consequences, “debt deflation” and “debt peonage.” Somebody must take a loss on the economy’s bad loans – and bankers want the economy to take the…
…“business confidence” and the usual consequences, “debt deflation” and “debt peonage.” Somebody must take a loss on the economy’s bad loans – and bankers want the economy to take the…
…calculated yield on debt. That one can write down the debt marking it to market. This does not work. Investors do not want shares of a firm which claims profits…
…This kind of debt is more like Single B? And the company that provided the debt for a fee, Should never have lent to the man and his spouse, Because…
…issue preferred stock to the government later, the sources said. This would presumably be the reverse of the deal with The Big C: “equity” for debt. Again, a sign that…
…and to pay down the debt. In 2007, the surplus was going to be so big that there wouldn’t be enough retiring bonds to pay off. By 2010, debt was…
…fall on that side because we have a sovereign-currency-issuing government, and a massive financial system which also constantly creates new financial assets. Say’s Law only makes sense if 1. there’s…
…Bond story. This TPP is not about ruling the world. I very much doubt those involved want such a responsibility. This document is about reducing the regulation a sovereign entity…
…Anthony Kennedy, the leader of this state-courts-have-sovereignty-and-dignity! juggernaut, likes to say this is done in the name of liberty. (Isn’t everything the rightwing wants done in the name of liberty?!)…
…of the sovereign right of the government to protect the … general welfare of the people, and is paramount to any rights under contracts between individuals.’ 199 U.S. at page…
…undermining “federalism” and thus the “dignity” of the states as “sovereigns.” But he never explains why he recognizes that the two other branches of state government have no such exemptions…