US Debt

www.usdebtclock.org A look into how much hard cash the US government owes and the fiscal mess the United States is in. Produced by Edgar Sardarian.

www.presstv.com Standard & Poor’s (S&P) is a United States-based financial services company that publishes financial research and analysis on stocks and bonds. In its latest rating, the Agency looked at the US Government Treasury bond and said that there is a1 in 3 chance that US will lose its triple A (AAA: the highest rating available) rating. Max is joined by Karl Denninger of market-ticker.org to ask him about his thoughts about the issue.

While the politicians battle it out over who would be to blame if the American economy hit a brick wall, Gerald Celente from the US-based Trends Journal says the political elite will not recognize simple solutions to curb America’s deficit. “The country is going bankrupt — just look at the numbers. The numbers do not lie — politicians lie,” nails Celente. The bigger picture includes the long-predicted devaluation of the dollar, says the forecaster, recalling that gold gained $US 115 an ounce last month alone. And against that background the talks about deficit reduction do not mention the most obvious measures like cutting the military budget or slashing foreign aid, which topped $US 57 billion a year. “How about companies like General Electric that made $US 14 billion last year, paying no taxes?” says Celente, who is sure there is plenty of room to turn the deficit situation around and clean up the economy. “We do not have a representative form of government, we have a government that represents only the very powerful and the very rich and that is all this is about — letting them keeping their perks. “RT on Twitter: twitter.com RT on Facebook: www.facebook.com

My commentary on the Obama administration pushing failed solar company Solyndra to avoid announcing layoffs before the midterm elections, US government debt reaching $15 Trillion and the case of slained Border Patrol Agent Brian Terry being sealed. US Debt Tops $15 Trillion Mark Today abcnews.go.com Citi Chief Economist Willem Buiter: A Spanish Or Italian Default Could Happen In A Few Short Days www.zerohedge.com US Industrial Production Rises 0.7% Amid Rebound In Mining Output www.rttnews.com MERS Wins Appeal of Decision Limiting Michigan Foreclosures www.businessweek.com Iraq Approves $17.2 Billion Shell Gas Deal www.blacklistednews.com Measure to ban Congressional insider trading gains steam www.usatoday.com Solyndra: Energy Dept. pushed firm to keep layoffs quiet until after midterms www.washingtonpost.com Case of slain border agent’s killers sealed in court azstarnet.com Holiday hiring nearly on track to match 2010′s total hamptonroads.com FACEBOOK www.facebook.com TWITTER twitter.com WEBSITE demcad.blogspot.com