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The Masked Tulip

American Debt

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Worth a listen if you have no idea what The X-Factor is:

http://www.bbc.co.uk/programmes/b00wlbkf

http://www.bbc.co.uk/iplayer/console/b00wlbkf/Americana_12_12_2010

US states about to go bankrupt, US housing to have an awful 2011, etc, etc.

Alice Rivlin, the first director of the United States Congressional Budget Office and Christopher Whalen, the author of 'Inflated: How Money and Debt Built the American Dream', discuss America's relationship with debt and the prospects for improvement in the future.

Presenter Richard Wolffe talks to Gore Vidal. The internationally renowned essayist, playwright, and dramatist reflects on what made America great and what threatens the strength of the nation.

And during this lame duck session of the United States Congress, Americana heads to the fields of Iowa to talk to champion duck caller Todd Copley about what can be accomplished outside of the Congressional chambers.

American Debt

Alice Rivlin was the first director of the United States Congressional Budget Office and has remained an advisor and expert in finance throughout her career. Christopher Whalen is the author of, “Inflated: How Money and Debt Built the American Dream.” The two discuss America’s relationship with debt and the prospects for improvement in the future.

Edited by The Masked Tulip

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Worth a listen if you have no idea what The X-Factor is:

http://www.bbc.co.uk/programmes/b00wlbkf

http://www.bbc.co.uk/iplayer/console/b00wlbkf/Americana_12_12_2010

US states about to go bankrupt, US housing to have an awful 2011, etc, etc.

Good thing we are not in such bad shape what?

States cannot go bankrupt because they are part of the Federal banking system. Bit like Sussex County Council going into the red--Central has to bail them out.

One day, the markets over this side of t' Atlantic will realise that, relatively speaking, the EZ and the UK are in a lot worse shape. Portugal just declared tonight that they are solvent and not like Greece and Ireland..... :o

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And this is when the over paid executives will get ousted especially those who refuse to take a pay cut like the head of Suffolk County Council.

Was that the Foxy Lady that was taking £250k and said because she was "worth it?"

My local Brighton crew and the gang on East Sussex are all on well into 6 figures also. I am not so sure they will take pay cuts though as they are not as visible as MPs. Jobs for the lads, pay offs, nepotism is rife in LG.

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Portugal just declared tonight that they are solvent and not like Greece and Ireland..... :o

It's only a couple of weeks since Blackburn FC's new owners declared they fully supported Sam Allardyce. I wonder if they use the same PR agents?

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It's only a couple of weeks since Blackburn FC's new owners declared they fully supported Sam Allardyce. I wonder if they use the same PR agents?

Sergio Goncalves, 19:29, Monday 13 December 2010
PORTO, Portugal (
Reuters
) - Portugal faces a tough adjustment period and must reduce its dependence on foreign debt while it focuses on exports to be able to grow, top Bank of Portugal officials said on Monday.
Portugal is seen by many economists as a potential new euro zone candidate for an international bailout after Greece and Ireland (Berlin: IIK.BE - news) , as it struggles to cut its budget deficit, rein in a rise in public debt and boost competitiveness.

It is possible that rumours on the street are starting to circulate that Portugal will go down before this week is over.

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Good thing we are not in such bad shape what?

States cannot go bankrupt because they are part of the Federal banking system. Bit like Sussex County Council going into the red--Central has to bail them out.

One day, the markets over this side of t' Atlantic will realise that, relatively speaking, the EZ and the UK are in a lot worse shape. Portugal just declared tonight that they are solvent and not like Greece and Ireland..... :o

But they can pretty much have the same effect. Namely California has previously issued IOU's to its contractors etc. See http://money.cnn.com/2009/07/02/news/economy/California_IOUs/

There is only so long you can print an IOU and expect people to accept them. If cash isn't forthcoming then companies will not supply services, well they won't be able to, as they will be bust!

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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