"America faces a new culture war. This is not the culture war of the 1990s. It is not a fight over guns, gays or abortion. Those old battles have been eclipsed by a new struggle between two competing visions of the country's future. In one, America will continue to be an exceptional nation organized around the principles of free enterprise--limited government, a reliance on entrepreneurship and rewards determined by market forces. In the other, America will move toward European-style statism grounded in expanding bureaucracies, a managed economy and large-scale income redistribution. These visions are not reconcilable. We must choose." - Arthur C. Brooks, The Washington Post, May 23, 2010
Greenspan: US Reaching Borrowing Limit- Wall Street Journal
Gold Running in Short Supply.
Gold is an Armageddon Hedge
How All Of Us Pay for The Derivatives Market (Caution: There is a bad word in the title.....)
It's The Ratios, Stupid (Why the US Will Default on its Debt)
Home Construction Sinks, Building Permits Down
The Snowball Scenario Sinks Sovereigns
World Bank Says China's Economy Slowing
Medvedev: Russia to Help Spur New Economic Order- BusinessWeek
IL Sells Build America Bonds as Premium Climbs- Bloomberg
Fed Emerging Intact from Challenge to Its Power- Wall Street Journal
In UK, 'Spend Now, Pay Later' Is Over; Later Is Now- Daily Telegraph
Germany's Weber Defies Trichet over Bailout- Bloomberg
Gold on Longest Winning Streak since 1920- Financial Post
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