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New Zealand tech CEO, Kim Dotcom did the math on the United States’ sovereign debt and he tweeted a thread about it, saying it may the most important thread that he may ever make. Kim explains that US spending and debt have spiraled out of control and the Government can only raise the money it needs by printing more of it, which means that hyperinflation is guaranteed. He says this has been going on for decades and there’s no way to fix it and that the US got away with this for so long, because US dollar is the world’s...

Welcome to America!The Obama administration has awarded a $50 million contract to a charitable group to buy a Texas resort hotel and transform it in to a 600 bed facility for juvenile illegal aliens. The beautiful Palm Aire resort and hotel has an indoor Olympic sized pool and an outdoor pool. Free Wi-Fi and cable TV are included in the simply decorated guest rooms.The Palm Aire Hotel and Suites is set to be sold to Baptist Child & Family Services (BCFS) operating under a federal contract, pending local government approval, according to reports from Weslaco, Texas where the hotel is...

In this photo taken Feb. 19, 2010, women work at the DKDR Haiti garment assembly factory in Port-au-Prince. (CNSNews.com) - Labor Secretary Hilda Solis on Thursday announced a $2.2 million grant that will be used to strengthen budding labor unions in Haiti and Peru. The taxpayer money will fund projects organized by the AFL-CIO's Solidarity Center, which aims to build a global labor union movement. "Supporting the ability to organize and protect their rights is important to leveling the playing field for all workers," Solis said in a news release. "This grant will help organizations in Haiti and Peru...

THE actual figure of the US' national debt is much higher than the official sum of $US13.4 trillion ($14.3 trillion) given by the Congressional Budget Office, according to analysts cited on Sunday by the New York Post. "The Government is lying about the amount of debt. It is engaging in Enron accounting," said Laurence Kotlikoff, an economist at Boston University and co-author of The Coming Generational Storm: What You Need to Know about America's Economic Future."The problem is we're seeing an explosion in spending," added Andrew Moylan, director of government affairs for the National Taxpayers Union.In 1980, the debt -...

Could Britain be on the verge of a debt panic? The fiscal crisis in Greece and a growing worry that the coming elections here could result in a hung Parliament, with no political party strong enough to push through unpopular deficit-cutting measures, have sparked fears that Britain will experience its own sovereign-debt meltdown. In such an event, foreign investors would sharply cut back on their purchases of British government bonds, leading to an interest-rate spike and a potential double dip-recession, if not worse. “If you really want a fiscal problem, look at the U.K.,” said Mark Schofield, a fixed-income strategist...

Stuart Varney was just on Fox and said Moody's will lower the United States bond rating for the first time ever in 2013 with current spending plans.

In recent weeks, in his pitches to Congress and the public on the need to pass the economic stimulus bill, Obama has made several claims about what it would do. (Republicans, too, have made stimulus boasts of their own.) But these pronouncements are not a sure thing: Obama repeatedly said the plan "will save or create up to 4 million jobs." Obama downgraded that estimate to 3.5 million once the House and Senate agreed on a less-expensive compromise bill. The projections come from at least three economists, but all say there is great uncertainty in their estimates. Republican House members...

Barack Obama, who has spent much of the time since his election closeted with his advisers in Chicago, sent a strong signal today that he intends to make a decisive break with George Bush on environmental policy once he moves into the White House The move was part of a carefully coded series of messages from Obama meant to reassure America and the world about the shape of his administration, which does not assume power until January 20. Also today, Obama appointed Madeleine Albright, who served as Bill Clinton's secretary of state, and Jim Leach, a former Republican member of...