Monthly Archives: January 2013

Global Economic Disease and Solutions

From an economic point of view our problems are not so complex. From this perspective a remedy is not so hard to find either. In these two articles, Charles Hugh Smith does a great job of simplifying the issues and … Continue reading

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The GAAP in the Debt Debate

Treasury Publishes 2012 Financial Statement of the United States Government Based on generally-accepted-accounting principles—or GAAP-based accounting—the 2012 consolidated financial statements of the United States Government showed a $6.9 trillion deficit for fiscal 2012, up from $4.6 trillion in 2011. The … Continue reading

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Why Expansionist Central States Inevitably Implode

Charles Hugh Smith explains in simple terms the key financial problem now facing so many developed countries. This is the underlying long term development of how government finances have typically evolved. It is unfortunate that it is so poorly understood. … Continue reading

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