A Compelling Dosey-Doe | Time to move the burden from the taxpayer to the culprit

Interesting concept... from last week's Business Week:

"Blinder thinks the Fed is being "a little too passive."
 
He wants the Fed to cut to zero the rate it pays banks on the excess reserves it holds for them. That would remove banks' incentive to park money with the Fed. Even better, says Blinder, the Fed could effectively charge banks for holding their reserves by paying a negative interest rate. 

 More likely is that Bernanke will keep short-term interest rates, now around 0.25 percent, at that low level for even longer. "It is becoming increasingly likely that the Fed will be on hold until 2013," says Perli. 

What Now, Ben Bernanke?

The Economic Collapse - Hard Facts or the Sky is Falling?

It Is Now Mathematically Impossible To Pay Off The U.S. National Debt

A lot of people are very upset about the rapidly increasing U.S. national debt these days and they are demanding a solution. What they don't realize is that there simply is not a solution under the current U.S. financial system. It is now mathematically impossible for the U.S. government to pay off the U.S. national debt. You see, the truth is that the U.S. government now owes more dollars than actually exist. If the U.S. government went out today and took every single penny from every single American bank, business and taxpayer, they still would not be able to pay off the national debt. And if they did that, obviously American society would stop functioning because nobody would have any money to buy or sell anything. Read More:

http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt