Obama On Course To Double National Debt

Rural Democrats differ with Barack Obama

North Carolina Legislature Poised to Kill Amazon Associates Program

The Obama-Pelosi-Reid Liberal Economic Stimulus Scheme Myth Busted

Paul Volcker: Put a Brake On the Bailouts

Obamacare Update: New Tab Tops $1 Trillion

Beginning of the End For the Greenback

What G-8 Chatter Really Means for Currencies

Obama to propose strict new regulation of financial industry

Democrats’ $1-Trillion Health Care Plan to Cost 23 Million Americans Their Private Insurance, CBO Says

BORROWING ‘TIL THE NATION BREAKS?

House passes $106 billion war funding bill

Rural Broadband Stimulus not so Rural and not so Stimulating

Minimum Wage Kills Summer Jobs

Promoting Tourism by Taxing Tourists?

IMF Tax Recommendation Indicates Obama Tax Policy Off-Target

Obama says he loses sleep over deficit fears

Dealers facing shortage of SUVs

Dollar drops on reserve currency doubts

China sells US bonds to ’show concern’

China, Russia to Use Each Other’s Currencies in Trade

Obama: Jobless Rate Will Reach 10%

‘Robust’ Growth Will Prevent Tax Increases – yeah, that’ll happen right along with those ’saved’ jobs…

Vending machines to sell gold in Germany

New ‘Rules of the Road’

Mortgage Applications Plunge

SurvivalBlog:

Restaurants on the Ropes

Airlines adjust as demand slides

U.S. likely to lose AAA rating: Prechter

Retailers Flee a Dying Detroit

German Newspaper Article Thinks [Ponte Chiaso] Bonds May Be Real

Timeline of Events and Updates as they Happen

Weisenthal Talks the $134.5 Billion Bond Seizure on Glenn Beck Treasury: Can’t comment because of on-going investigation.

Asian Stocks Drop on NY Manufacturing, Commodity Prices

Oil Below $70 on Dollar Gain, Equity Market Drop

Wall Street Sees Worst Day in a Month

California Puts 90-Day Hold on Foreclosures

Long Beach May Inbound Cargo Down 22%, Outbound Off 26%

Projection: It Will Be Years Before Jobs Return To Much of the US

Bond Volatility and Interest Rate Swaps

“This China story was intended to mask the real events, to blame them in part for the US bond instability, and to divert attention away from a potentially important threat. Not only has the housing market stalled, with new mortgages and refinanced loans hitting a brick wall. The other major threat is to the Interest Rate Swap, those powerful credit derivative contracts that tie together the bond world in complex knitting. The instability of US Treasurys on the long maturity (10-year & 30-year) and on the short maturity (so far just the two-year) will surely unleash great firestorms of disruption, heavy losses, and raging fires for the big banks. It is next! It will be the greater second chapter to the Credit Default Swap opening salvo. Twice as many IRSwaps exist than CDSwaps, a story that bankers refuse to discuss.”

GM’s Deal Erased Many Average American’s Savings

US Credit Card Defaults Rise to Record Level in May

Hedge Funds in Cayman Islands Withdraw from UK Banks

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