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US Economic Collapse

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    US Economic Collapse

    If the politicians can't sort out their differences soon and the debt ceiling is not lifted there could be a default event on the most important reserve currency. Also mark the moves by UK to allow sterling to be directly convertible to the RNB. How bad could it get?

    #2
    They've already said they will lift the ceiling in time IIRC

    Comment


      #3
      I see it as an opportunity.

      Comment


        #4
        It's a non-story.
        Originally posted by MaryPoppins
        I'd still not breastfeed a nazi
        Originally posted by vetran
        Urine is quite nourishing

        Comment


          #5
          However, did you notice

          The time between these revisions to increase the debt ceiling reduces and reduces. A bit like contractions and then one day - boom.

          It's like watching the world's slowest car crash and my is it boring.
          "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

          Comment


            #6
            Originally posted by scooterscot View Post
            It's like watching the world's slowest car crash and my is it boring.
            But enough about the Scottish independence issue
            Doing the needful since 1827

            Comment


              #7
              Originally posted by Platypus View Post
              They've already said they will lift the ceiling in time IIRC
              And every country that has defaulted - has vehemently insisted that they won't default - right up until they default.

              I agree it's highly unlikely, but the problem with leaving things until the 11th hour - is that it only takes one highly unexpected turn - and suddenly they are out of time.

              Comment


                #8
                USA defaulted in the past.

                Don't think it will happen this time...

                Comment


                  #9
                  Originally posted by amcdonald View Post
                  But enough about the Scottish independence issue
                  Except this is not a crash -

                  It's a rebirth.
                  "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

                  Comment


                    #10
                    Originally posted by russell View Post
                    If the politicians can't sort out their differences soon and the debt ceiling is not lifted there could be a default event on the most important reserve currency. Also mark the moves by UK to allow sterling to be directly convertible to the RNB. How bad could it get?
                    You mean things can actually get any worse?

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