U.S. Need Not Fear Sovereign Debt Crisis, Unlike Greece, It Actually Is Sovereign
Jul 24, 2010 – 02:03 PM
By: Ellen_Brown
Last week, a Chinese rating agency downgraded U.S. debt from triple A and number one globally, to “double A with a negative outlook” and only thirteenth worldwide. The downgrade renewed fears that the sovereign debt crisis that began in Greece will soon reach America. That is the concern, but the U.S. is distinguished from Greece in that its debt is denominated in its own currency, over which it has sovereign control. The government can simply print the money it needs, or borrow it from a central bank that prints it. We should not let deficit hawks and short sellers dissuade the government from pursuing that obvious expedient… Business Consultant Tucson Read more
Chinese Central Bank Outlines Plan To Ditch The Dollar As The Yuan’s Peg
Hu Xiaolian, deputy governor at the Chinese central bank, has released a paper which suggests it’s soon time for China to peg the yuan to a basket of foreign currencies, rather than the U.S. dollar alone.
Tucson Business Consultant – More Power for the Fed
Last week I was pleased to see my Republican colleagues take up the cause to fully and completely audit the Federal Reserve by including my language from the Federal Reserve Transparency Act in a Motion to Recommit the financial regulation reform bill. Although this effort was defeated by the Democrat majority, there were many good reasons to support it. Read more
Local Video Method Launched – Innovation Creates Local Business Consulting Success
One of the most in-demand business models is that of internet marketing consulting – both improving the visibility of established sites, and bringing ‘bricks and mortar’ business online. The dilemma up until now, however, has been identifying an ideal way to demonstrate to prospective clients exactly how a consultant can help. Local Video Method is now delivering the solution.