Tag Archives: major-financial

Tipping Point: 25 Signs That The Coming Financial Collapse Is Now Closer Then Ever

The financial collapse that so many of us have been anticipating is seemingly closer then ever. Over the past several weeks, there have been a host of ominous signs for the U.S. economy. Yields on U.S. Treasuries have moved up rapidly and Moody's is publicly warning that it may have to cut the rating on U.S. government debt soon. Mortgage rates are also moving up aggressively. The euro and the U.S. dollar both look incredibly shaky. Jobs continue to be shipped out of the United States at a blistering pace as our politicians stand by and do nothing. Confidence in U.S. government debt around the globe continues to decline. State and local governments that are drowning in debt across the United States are savagely cutting back on even essential social services and are coming up with increasingly “creative” ways of getting more money out of all of us. Meanwhile, tremor after tremor continues to strike the world financial system. So does this mean that we have almost reached a tipping point? Is the world on the verge of a major financial collapse? added by: Revelation1217

Open Thread: Corruption in Afghanistan Complicates US Mission

“Above a certain level, people are being very well protected,” one “senior U.S. official” told the Washington Post . Corruption and bad governance pose two of the largest problems for the American presence there. According to the Post, Top officials in President Hamid Karzai’s government have repeatedly derailed corruption investigations of politically connected Afghans, according to U.S. officials who have provided Afghanistan’s authorities with wiretapping technology and other assistance in efforts to crack down on endemic graft. In recent months, the U.S. officials said, Afghan prosecutors and investigators have been ordered to cross names off case files, prevent senior officials from being placed under arrest and disregard evidence against executives of a major financial firm suspected of helping the nation’s elite move millions of dollars overseas… For the Obama administration, the ability of Afghan investigators to crack down on corruption is crucial. If American voters see Karzai’s government as hopelessly corrupt, public support for the war could plunge. Corruption also fuels the Taliban insurgency and complicates efforts to persuade ordinary Afghans to side with leaders in Kabul.  What affect will or should this corruption have on the domestic policy debate over the Afghan war? Does it bolster arguments that the US needs to maintain a strong presence there, or those that contend the US cannot take the lead in securing the nation?

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Open Thread: Corruption in Afghanistan Complicates US Mission