Article
The Debt Spiral Ends In Dollar Destruction: 6 Hard Truths America Can No Longer Ignore
The Debt Spiral Ends In Dollar Destruction: 6 Hard Truths America Can No Longer Ignore
Authored by Nick Giambruno via Doug Casey's International Man,
“Whenever governments are granted power to purchase their own debt, they never fail to do so, eventually destroying the value of the currency.” – Ron Paul
Let’s take a step back and look at the big picture so we can assess the US government’s financial situation, where it’s likely headed, and what these trends could mean.
Observation #1: It’s Politically Impossible To Cut Spending
Among the biggest expenditures for the...
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New York is taking direct aim at the city’s ultra-wealthy absentee owners. In a major policy shift announced Thursday, Governor Kathy Hochul and state legislative leaders reached a framework agreement on a $268 billion state budget that includes a new annual tax on multimillion-dollar second homes in New York City - a move designed to generate roughly $500 million a year to help close the city’s projected $5.4 billion budget deficit.
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House Narrowly Defeats Iran War Powers Resolution in 212-212 Vote
The House on Thursday narrowly defeated a War Powers Resolution that would have directed President Trump to end the US war against Iran, as the US continues to enforce a blockade of Iranian ports and is considering restarting the full-scale bombing campaign. The bill failed in a tie vote of 212-212, with three Republicans — […]
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Sen. Graham Urges Congressional Iran Vote...On Approving Peace, Not War
Sen. Graham Urges Congressional Iran Vote...On Approving Peace, Not War
This is definitely in you really can't make this up(!) territory... Sen. Lindsey Graham is actually calling for a Congressional vote, but not concerning a War Powers Resolution.
Instead, he has called for Congress to review and vote on any diplomatic agreement ending the war with what he described as the "Iranian terrorist regime." That's right, the NeoCon senator from South Carolina only wants a Congressional vote on whether peace should be approved. He has remained opposed to a War Powers vote.
In a series of posts...
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