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Tag Archives: default

11 Red Flags As We Enter The Pivotal Month Of August 2015

Submitted by Michael Snyder via The Economic Collapse blog, Are you ready for what is coming in August?  All over America, economic, political and social tensions are building, and the next 30 days could turn out to be pivotal.  In July, we saw things start to turn.  As you will read about below, a major six year trendline for the S&P 500 was finally broken this month, Chinese stocks crashed, commodities crashed, and debt problems started erupting all over the...

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“Asia Crisis, Tech Bubble Burst, Lehman”… And Today

While over the past several months many have been focused - finally - on the bursting of China's 3 bubbles (credit, housing and investment), in the context of its 4th burst bubble, the stock market which the politburo is desperately trying to patch up every single day, a far scarier picture has emerged within the entire Emerging Market space, where Brazil has rapidly become a "ground zero" case study for what has moved beyond mere recession and is an accelerated collapse into economic...

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The Latest Government Trust Fund To Go Bankrupt

Submitted by Sovereign Man The Latest Government Trust Fund To Go Bankrupt On June 6, 1932, President Herbert Hoover imposed the first ever national gasoline tax in the United States, initially set at 1 cent per gallon. It was a major success for the federal government; the tax on gasoline alone was responsible for over 15% of their 1933 tax revenue. What’s curious is that the Senate Finance Committee issued a report the following year stating that the federal gasoline tax should be repealed....

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Will FTC Probe Of Largest For-Profit College Lead To Another Billion Dollar Taxpayer Bailout?

In late April we predicted that for-profit college closures would trigger the next multibillion dollar taxpayer-sponsored bailout in America.  At the time, Corinthian Colleges had abruptly shuttered what remained of its campuses, marking an unceremonious end to a slow motion wind down that had been in the works for quite some time.  As we noted then, delinquencies and defaults on student loans are far worse for borrowers that attend for-profit colleges. This, along with poor...

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Greece Should Learn from Ireland

Reprinted from the Independent Institute Greece missed its $1.8 billion loan repayment to the International Monetary Fund on June 30, and voters rejected the austerity measures creditors are demanding as the price of another bailout on last Sunday’s referendum. Greece has other choices if it can find the political will. The Greeks, as steeped in history as they are, could follow the path Ireland took nearly 30 years ago after years of fiscal mismanagement created similar circumstances....

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