Washington, DC
The United States Treasury Department has ordered the United States Mint to strike a One Trillion Dollar coin made of platinum (plated). The coin or coins will be used to repay loans issued by the Federal Reserve Banks and the Banks o...
NEW YORK, New York - U.S. and European stocks advanced as world leaders decided on Monday to cancel all world debts to start economies over with a clean slate.
The concept of countries cancelling their world debt has been popular among those who s...
Indianapolis -- Congress is gambling that a determined group of Patriots can again save the United States from collapse. The lawmakers are betting $15 trillion that the New England Patriots will defeat the New York Giants in Super Bowl XLVI.
"If N...
David Cameron has finally admitted that his plan to reduce the British debt figure hasn't worked. The debt figure is now ten percent higher than it was under labour, and has topped one trillion pounds for the first time in history.
"I know it soun...
Washington, DC - Speaker of the House John Boehner said today that owing to the Democrats "continued failure to see things our way" that all future debt reduction negotiations would be outsourced to other countries.
Boehner said he hoped outsourc...
With America's debt crisis spiralling out of control, the Federal Reserve has called on all Government Departments to review their portfolios to look for any cost saving or revenue generating opportunities.
In a leaked memo from the National Park...
Following its credit rating downgrade, the Italian government has voted to sell off a number of national treasures, in order to reduce the nation's budget deficit.
In an emotional and at times heated debate in the Italian parliament building in Ro...
Washington, D.C. - Early Tuesday afternoon, news broadcasts across the country reported a 5.8 magnitude earthquake orginating in Virgina and felt as far north as Canada. Dozens of scientists from the Army Corp of Engineers responded to alleged epice...
Washington DC: The White House released a draft of President Obama's latest plan to resolve the US Debt Crisis. It was written on the back of a napkin bearing the logo Blue Heron Farm, Martha's Vineyard MA.
The president consulted with FED Chairma...
In an amazingly magnanimous gesture, Apple, the world's most profitable organisation, is to pay off America's debts.
"What can I say?" said Steve Jobs at a press conference. "People can't buy iPads if they are worrying about their jobs, homes and...
Calling it a 'major accomplishment" an Obama Treasury Department official hailed today's sale of the remaining shares of Chrysler to Italy's Fiat despite the fact the taxpaying public were shorted over $1.3 Billion in TARP money wasted on the margin...
Federal Reserve Bank, Printing Press Division: A trillion dollar here and trillion dollar there. The US is "running out of time" to reach a deal on raising the country's debt ceiling to avert a possible early August default.
It took the United S...
Washington, DC - President Obama, House Speaker Boehner, and other key negotiators, are engaged in an epic debate regarding the issue of raising our national debt limit. Of course, most people don't realize that the debt limit, or "ceiling"--the maxi...
Berkeley CA: Professor Peso Krugerrand retired today as Chairman of the Economics Department of UC Berkeley after 50 years of teaching Keynesian economics. President Obama and Michelle made a special trip on Air force One to be with the administratio...
FORT DETRICK - Maryland Biologists, according to Dr. Ollarday, have developed a new vaccine that will spread with the next flu virus that will solve the national debt problem. The protein fragments that cause the brain to try to collect owed monies...
After numerous budget deals and failed solutions to solve America's debt to China and other foreign countries, Congress came up with a solution that will save the nation from paying trillions of dollars back to these countries.
A meeting was held...
Alaska - She could see Russia from her house. Today, it's a different story, as Sarah Palin has just announced to a stunned gathering outside her home that Alaska has been sold.
"I don't know where I can move to an still see Russia from my house"...
Washington - President Obama announced today that the nation's financial woes are over. The deficit, trade imbalance, and national debt have been resolved. Not only are they gone, but the country is about to enjoy prosperity unheard of in the history of man.
The press corps took a few moments to take in this information. The first cautious hand was raised by Charlie Dogooder, of the left of ce...