US Treasury

What ‘US Dollar Loses Reverse Status’ Actually Means

I may have mentioned last week that we have gone over the proverbially cliff and have not yet hit the rocks below, and that the ground is coming up fast and that it is really gonna suck when we hit. The ground is closer: From the Washington Times: Federal deficit on track for a record this fiscal year Government debt to exceed U.S. economy and this from Bloomberg: Geithner Quietly Tells Obama Debt-to-GDP Cost Poised to Increase to Recor Barack Obama may lose the advantage of low borrowing costs as the U.S. Treasury Department says what it pays to service…
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A Message To Loyal Monster Readers…UPDATED

Author's Update: I originally posted the following item on 12/22/08 and what followed was The Fed series which you can find at the top of this blog; it has it's own page.  The reason for bumping up this post is that this particular article has now gotten more hits than any other including the "Socialism" series; which I find rather odd and incredibly interesting.  Also of note are two blogs that are hitting this post; Let's Take The High Road and djd58.  These two blogs are protected and all the hits come from the same 4 IP addresses.  I have…
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The Treasury Helps GM Slap Ford (AND US) In The Face: UPDATED

UPDATE: The Today's Are You Freakin' Kidding Me Award WAS going to go to the Federal Commission that thinks raising the gas tax on Americans by 10 cents per gallon is a really good idea, but it has been pre-empted by GMAC!!! (IMAGINE THAT!!!!) GMAC is sponsoring the GMACBOWL using our tax dollars and even worse: GMAC FInancial Services and Team focus partner to coach children on money management (BWAAAAAHHHHHHHHHH!!!!!!!!!!!!!!!!!) DETROIT (June 16, 2008) – GMAC Financial Services today announced that it will partner with Team Focus to give boys and girls the smart edge when it comes to money…
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