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Written by Kelly Hanlon
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Tuesday, March 20, 2012 |
 September 11th. Iraq. Afghanistan. Iran. Weapons of mass destruction. Economic calamity. Foreclosure. Record unemployment.
According to Secretary of Defense Leon Panetta, these factors conspired to make the last decade one of turmoil. “Uncommon courage” combined with the strength and resilience of the American spirit will be required of our public servants and citizen leaders to forge ahead, securing the American dream for generations to come.
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| Secretary of Defense Leon Panetta. Source: Wikipedia |
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Written by Ralph J. Benko
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Monday, March 19, 2012 |
 Catastrophic. What if federal interest obligations were, suddenly, to double -- or worse?
The Wall Street Journal, in its lead March 12 Review and Outlook, "Uncle Sam's Teaser Rate" observes:
If the government had to pay the 5% rate that it was offering before the financial crisis on today's debt, the annual interest payments would be $535 billion, twice CBO's projection for total federal spending on Medicaid this year. If Uncle Sam had to pay 6% on its debt, the annual interest payments of $642 billion would Read more |
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Written by John D. Mueller
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Tuesday, May 31, 2011 |
 One question I've heard more lately: Now that the gold price is over $1,500 an ounce, shouldn't the U.S. sell its gold reserves—which were mostly acquired from U.S. citizens in 1933 at $20.67 or bought at $35 an ounce under the post-World War II Bretton Woods monetary system?
If, as Lewis E. Lehrman and I have shown, restoring the gold standard is necessary to sort out the U.S. economic and fiscal mess—specifically, preventing future episodes like the Great Recession of 2007-09, reversing the decline of U.S. international co Read more |
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Written by Ralph J. Benko
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Thursday, May 26, 2011 |
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The BRICS — Brazil, Russia, India, China and South Africa -- are a bloc of emerging economic powerhouses, most of whom have been aggressively critical of US dollar depreciation policy. This writer long has believed that one of the major factors that will bring gold back into G20 consideration will be to "follow the yellow BRIC road."
In the past week, deeply respected monetary statesman and former deputy governor of the Reserve Bank of India S. S. Tarapore has published two articles, here and here, pointing out benefits Read more |
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Written by Kathleen Packard
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Wednesday, May 25, 2011 |
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As heard on Lou Dobbs Tonight, the evening of May 24, 2011:
Lewis E Lehrman stated:
"...this problem of eliminating the budget deficit of a trillion and a half dollars is something that cannot be done overnight. The proposal by Paul Ryan was very dramatic, one Republican called it radical, (was) not happily received. The solution of course is to design an American program for prosperity, because you can solve these entitlement problems with a growing economy."
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