Howdy, So, the clock is already ticking on the next U.S. debt ceiling fight. So, what do you think, will we see "the first US default ever" or the debt ceiling will be raised again? What would the consequences of a default be, according to you? The consequences for the U.S. dollar?
Theres a lot more money to yet be printed ...and a lot more wealth yet to be consolidated from the middle class.
And we've been going through this happy horse-**** for how long now!?! Just declare there is no "ceiling", let's face it for all intents and purposes THERE AIN'T....a penny will get ya a sawbuck it'll be raised.
I jumped in the deep - I think they will do it this time. Not raise the debt ceiling that is. We'll see.
Thank you for this topic..... I've been working on a theory on how the national debts of the USA, Canada, Israel and Australia could be paid off within on year, (hopefully during 2022), so I guess I should get to work and do a lot of working before January 1. Can the national debt of the USA be paid off in one year? ? Can the national debt of the USA be paid off in one year? No 29 vote(s) 80.6% Yes 4 vote(s) 11.1% * No.. it will take seven years and Ezekiel chapters forty to forty eight must be prepared for. 2 vote(s) 5.6% By this do you mean that the national debt of the USA is partly a practical joke??????? 1 vote(s) 2.8% Change Your Vote
Are you referring to the 1 trillion dollar platinum coins, Dennis? Of course the U.S. could do that and wipe out their debt, since they owns money to themselves. But that would destroy the world financial system. And... may be that's the idea.
But..... that could be a better alternative to going into another 1929, (a Bear Market)????? https://near-death.com/howard-storm-nde/ Can Israel pull the entire world economy out of a possible Bear Market, another 1929?
Any country who defaults will find other countries will stop trading with them, so they would implode. America's debt ceiling will continue because frankly, I don't think they'll ever have a president who can get a grip on finances.
I don't know why people assume that not raising the debt ceiling would result in default. The result would more inflation of the money supply. This will continue until the dollar is no longer the international reserve currency. After that it would result in default.
When the GOP resumes the majority, they need to pass legislative instruction that US debt obligations and SS payments are made first and the rest of the government's obligations are on a cash flow basis until an agreement is reached on the debt ceiling.
Could be because the Founding Fathers specifically did not give the president the power to do so. Read the manual...
Won't happen... the Fed would just go on printing enough imaginary money needed to avoid problems and keep the stock markets happy....
Wait until the chickens come home to roost. That is to say, all the dollars around the world coming back to the U.S.
You're right, and then we'd have INFLATION on a scale equal to, or even worse than we had during Democrat Jimmuh Cawduh's term in office! The Fed KNEW better than to flood the world with imaginary new money as they had been doing since 2008, to keep on crushing interest rates, and to let its own 'balance-sheet' swell to unimaginable size -- but they did it anyway.... The only way that we can avoid a dollar-denominated catastrophe now is to implement the same strategy that President Ronald Reagan and then-Fed Chairman, Paul Volcker, used when Reagan took over from the bewildered, hopeless Carter -- STOP 'PRINTING' IMAGINARY MONEY, AND LET INTEREST RATES RISE AS HIGH AS NEEDED TO STOP INFLATION! Here's a hint to all the halfwitted liberal morons in the White House -- No, Joe, and, no, Kamala, inflation is not (NOT) "transitory"... it's going to continue to shoot into the stratosphere until you stop wet-dreaming up trillion-dollar welfare programs, encouraging the Fed to buy non-existent bonds, print imaginary money, and continue crushing interest rates!
