The government showdown –er, shutdown – has ended and the debt ceiling has risen, but the economic fallout has experts worried about the future. The 16-day hiatus didn’t affect just government programs and services – it rippled all through the economy. As the dollar...
AMA 46 – A Discussion of Our Monetary System and QE 2 with Ellen Brown
[iframe style="border:none" src="http://html5-player.libsyn.com/embed/episode/id/2280112/height/100/width/480/thumbnail/no/theme/standard" height="100" width="480" scrolling="no"] Join Jason Hartman and returning guest, Ellen Brown, author of Web of Debt, for a...
AMA 37 – Debt Ceiling Increase Means Profit for Investors!
[iframe style="border:none" src="http://html5-player.libsyn.com/embed/episode/id/2272360/height/100/width/480/thumbnail/no/theme/standard" height="100" width="480" scrolling="no"] Jason Hartman talks with Daniel Amerman about the likely results of the recent...
Super Committee Fails. What's Next?
By now, most anyone who has been paying attention, even peripherally, is probably aware that the so-called “super committee” put together by politicians to reach a compromise about spending cuts has failed miserably. Limping off into the sunset with nary a whine as...
Budget Control Agreement of 2011 (The Short Version)
<img class="alignleft size-full wp-image-798" title="3135433564_b0510e24d3_m" src="https://americanmonetaryassociation.org/wp-content/uploads/sites/15/2011/08/3135433564_b0510e24d3_m.jpg" alt="" width="240" height="174" />In case you have a severe case of insomnia, you can read the entire 74 page text of the <a href="http://s3.documentcloud.org/documents/228727/debt-bill.pdf " target="_blank">Budget Control Agreement of 2011 here</a>. Note we're not saying you SHOULD read it, only that you can if you so choose. Unless you've been prospecting on the far side of Mars for most of the year, you're probably aware that there has been something of an impasse between congress and the president for most of the year. The sides were long ago staked out. Fiscal conservatives didn't want to raise the debt ceiling without a plan in place to cut America's spend happy ways. Fiscal "progressives" wanted to raise the debt ceiling, raise taxes, and raise the odds that our economy would implode in a cloud of credit rating downgrading.