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After Fiscal Cliff…The Debt Cliff

January 4th, 2013

The patchwork, “kick the can down the road” last-minute measure enacted by Congress to avoid its own creation, the so-called “fiscal cliff,” has predictably sent bourses across the globe swooning for the stars. However, many excellent economists have pointed out that this deal is a meaningless diversion. In two months,  America’s constipated political establishment will again confront the debt cliff, as it did once before, in 2011. All the signs point to a major battle-royal over extending the debt ceiling, and the spending cuts and/or tax increases that will be tied in with the deal.

It is often said that watching legislation being made in Washington DC is like watching sausage being fabricated at a meat-packing plant. With the U.S. economy only being kept on supposedly tepid GDP growth  through trillion dollar annual deficits, facilitated by the Federal Reserve’s ill-disguised monetization of the debt, any partisan wrangling over the debt cliff (a likely scenario,) will likely impose severe repercussions on the global economy.

 

 

 

 

                 

 

 

 

WALL STREET KILLS--A CHILLING NOVEL ABOUT WALL STREET GREED GONE MAD

 To view the official trailer YouTube video for “Wall Street Kills,” click image below:

In a world dominated by high finance, how far would Wall Street go in search of profits? In Sheldon Filger’s terrifying novel about money, sex and murder, Wall Street has no limits. “Wall Street Kills” is the ultimate thriller about greed gone mad. Read “Wall Street Kills” and blow your mind.

 

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