Tags » Economic Takedown

Secession 2.0: States Seek to Drop Dollar For Own Currency

policymic.com | Feb 13, 2013

by Ernest Ludwick

At least a dozen states have introduced legislation to implement or at least study the concept of creating an emergency currency to serve as a medium of exchange should there be a breakdown of the federal government’s currency or their ability to distribute it to the states. 987 more words


China overtakes US in world trade

Employees work at a shoe factory in Lishui, Zhejiang province, China. Photograph: Lang Lang/Reuters

Combined total for imports and exports of Chinese goods hits $3.87tn, edging past the US for the first time… 294 more words

Economic Takedown

Congressional Budget Office: National debt $7 trillion larger by 2023

dailycaller.com | Feb 6, 2013

The nonpartisan Congressional Budget Office released an estimate Tuesday saying that by 2023, the federal debt will be $7 trillion larger. 319 more words

Economic Takedown

Federal Reserve enters 'uncharted territory' with assets of $3 trillion

Federal Reserve Chairman Ben Bernanke speaks during a news conference at the Federal Reserve Board in Washington, Wednesday, Dec. 12, 2012, following the Federal Open Market Committee meeting. 495 more words

Economic Takedown

Federal Reserve Pushes Assets to Record $3 Trillion

Chairman of the Federal Reserve Ben Bernanke speaks during a press briefing at the Federal Reserve. Brendan Smialowski/AFP via Getty Images

bloomberg.com | Jan 24, 2013… 655 more words

Economic Takedown

The Treasury Has Already Minted Two Trillion Dollar Coins

What the advocates of the $1 trillion coin are, therefore, proposing is to tax us in a hidden way.  This is not just taxation without representation.  990 more words

Economic Takedown

Foreign holdings of US debt increased to record $5.56 trillion in November

Associated Press | Jan 16, 2013

WASHINGTON — Foreign demand for U.S. Treasury securities rose to a record level in November, further evidence that overseas investors remained confident in U.S. 99 more words

Economic Takedown