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Wouldn’t it be nice if the U.S. could figure out whether it prefers the democracy it’s always talking about publicly or the “stability of dictatorships” it has always funded with military aid, though? The US (and Israel) are totally in favor of democracy except when they aren’t. In fact, Israel just said “I’m not sure [...] “We are screwed because of the wrongdoing of others.” – Speaker in Irish Parliament Our current financial mess won’t end until bailing out companies and countries with hundreds of billions by governments to protect bonds and loans (and making the public pay for it) is replaced by those entities instead defaulting and forcing the [...] Alarmist? Crazy? I’m no deficit hawk, but at some point the US needs to realize it can not continue to borrow and print money with no little thought given as to how much is owed and how it will be paid back. Because that puts you in an extremely vulnerable position. Via Market-Ticker.org [...] “In circumstances where countries are facing undue burden of adjustment, policy responses in emerging-market economies with adequate reserves and”increasingly overvalued flexible exchange rates may also include carefully designed macro- prudential measures,” the G-20 leaders said in the statement. Translation: You in the US are determined to devalue your currency, by sending hot capital flows [...] |  | ||||
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