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The American Empire in a Changing World



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Friday, October 26, 2012

''An End to Exponential Easing at the Altar of Bernanke's Faith-Based Inflation!''

MUST WATCH.....From RT.com......................''Welcome to Capital Account. The top executives at more than 80 big US corporations sent a letter to Congress asking for "comprehensive and pro-growth tax reform, which broadens the base, lowers rates, raises revenues and reduces the deficit." The CEO statement, organized by the Fix the Debt campaign, calls for a Simpson-Bowles type approach to reign in the US deficit: three dollars in spending cuts for each dollar of tax increases. The US has been running trillion dollar budget deficits for more than four years, amounting to more than $16 trillion in national debt. With no plan in sight for politicians to significantly rein in spending or balance the budget, the chief executives, including General Electric's Jeff Immelt and BlackRock's Larry Fink, have stepped out of the shadows to pressure congress into action. We talk to our guest, Simon Mikhailovich of Eidesis Capital, about potential approaches for tackling the US debt.''

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