This topic contains 4 replies, has 4 voices, and was last updated by 
-
Posts
-
<span style=”text-decoration: underline;”>https://sputniknews.com/us/201907141076242600-treasury-secretary-confirms-us-government-risks-default-in-as-little-as-two-months/</span>
You know they will raise debt ceiling but at some point you will be come a junk bond negative interest and the whole card house comes down. Watch Germany and see the pre show.
-
How many times have we heard this?
-
The national debt is only a problem when the other party controls the White House.
It is a given and no longer matters who is in the WH: They will have to raise the debt ceiling. We are too far down this road to stop and turn it around. -
Each budget passed exceeds the previous. So a debt ceiling raise is baked in the cake, but instead of handling it as part of the budget, they kick that particular can down the road so whatever the current opposition party is can make some political hay.
panem et circenses
-
Except before there was no choice but for every country to hold usd for world trade… now not so much …. before swift aba only money transfer in usd not any more… so what happens when those places who hold billions and trillions of usd decide like russia to totally dump the currency ? What are they going to buy in usa when the government has sold the pig beyond the squeal? If we default sure they will trade with us but for physical items gold ( doubt any in ft knox) oil maybe food we only grow poison gmo. The plastic and garbage we can’t even recycle and most countries won’t take from us. The undocumented migrants will chip in?
They can and will sell the land you thought you owned. If default china has right of emminent domain given by Clinton to secure more loans..
It’s going to get rough from here on hope you prepped.
You must be logged in to reply to this topic.