U.S. Is Bankrupt and We Don't Even Know

By Laurence Kotlikoff

The IMF has effectively pronounced the U.S. bankrupt.
http://www.informationclearinghouse.info/article26136.htm



From Marx to Goldman Sachs

The Fictions of Fictitious Capital

By Michael Hudson

How has planning become centralized in the hands of Wall Street and its global counterparts, not in the hands of government and industry as imagined almost universally a century ago? And why has Social Democratic, Labour and academic criticism become so silent in the face of this economic Counter-Enlightenment?

http://www.informationclearinghouse.info/article26131.htm

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Is the US bankrupt?

QandO
by Bruce McQuain

08/12/10

Note the two words — ‘immediate’ and ‘permanent.’ In order to pay off the huge debt our ‘betters’ in Washington DC have run up over the years, strictly from the revenue side, our taxes would have to see an ‘immediate’ and ‘permanent’ doubling. Sounds like bankruptcy to me...

http://www.qando.net/?p=9213


Informant: Thomas L. Knapp



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