Posts Tagged ‘Bankruptcy’

More on Ponzi schemes like Social Security

Saturday, 27 April 2013 11:00 Written by Bob Adelmann 1 Comment

My life purpose and passion is from Ephesians 5:11: “Have nothing to do with the deeds of darkness, but rather expose them.” One of the greatest “deeds of darkness” is the deceit that is Social Security. Here’s an updated definition from Gary North.

Cyprus Deal Turns Bank Depositors into Lenders, Abolishes National Sovereignty

Monday, 25 March 2013 19:00 Written by Bob Adelmann 0 Comments

The details of the deal are ugly. But the real cost is the loss of national sovereignty. Cyprus is now ruled by the Eurogroup, and is now just a vassal state.

Cypriots Forced to Pay the Piper

Monday, 18 March 2013 07:35 Written by Bob Adelmann 1 Comment

In an audacious move – “de l’audace, encore de l’audace, et toujours de l’audace” – an unelected and unaccountable cabal has dictated the terms of its loan to bail out Cyprus: loss of the country’s sovereignty.

Henrik Fisker Quits His Company, Leaving Taxpayers with Another Loss

Friday, 15 March 2013 19:00 Written by Bob Adelmann 0 Comments

Why should US taxpayers have one thin dime invested in this company?

Michigan Governor Snyder Declares Detroit a Fiscal Disaster

Tuesday, 05 March 2013 19:00 Written by Bob Adelmann 0 Comments

Just when Detroit has been written off as for lost forever, entrepreneurs are seeing opportunities there, buying up buildings, renovating them, starting businesses, some with startling success. Isn’t it amazing what happens when government stays out of the way?

Good News from…Detroit?

Tuesday, 05 March 2013 06:10 Written by Bob Adelmann 0 Comments

I should have seen this coming. I’m guilty of straight line thinking in a curvilinear world. Just when I thought Detroit couldn’t get worse, it’s starting to get better!