Will America Default? Will America Default?

View Poll Results: Will America default on 17th October

Voters
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  • Yep, it's gonna happen and we're screwed.

    3 18.75%
  • Not a chance, this sells newspapers but won't happen.

    9 56.25%
  • Really don't care as I'm consirably richer than you

    2 12.50%
  • I'll crash and AndyWs mums until things calm down

    2 12.50%
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  1. #1

    Potty-trained

    suityou01 is NOT a disguised employee

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    Default Will America Default?

    BBC News - US shutdown: Barack Obama warns of default danger

    US President Barack Obama has warned that Wall Street should be concerned that a conservative faction of Republicans is willing to allow the country to default on its debt.

    The US government has partially closed after Congress failed to agree a budget and will run out of cash on 17 October unless its debt ceiling is raised.
    Bank CEOs Warn of Consequences From US Shutdown, Default

    “There's no debate that the seriousness of the U.S. not paying its debts ... is the most serious thing we have, and we witnessed that in August '11 and you saw the ramifications: a slowdown in the economy,” said Brian Moynihan, chief executive of Bank of America.

    The United States came close to default during a similar political crisis in 2011. That standoff prompted a first-ever downgrade of the United States' credit rating.
    If America defaults this will make the collapse of Lehman brothers look like a drop in the ocean.

    So, will the unthinkable happen?
    Knock first as I might be balancing my chakras.

  2. #2

    Obstinate Git

    Mich the Tester is NOT a disguised employee

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    I wouldn't put it past the Tea Party.
    And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

  3. #3

    Richer than sasguru

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    It all sounds like a once in a lifetime opportunity for dirty spekulants to make a killing.

    I was miserable and depressed, but CUK turned it all around. Now I'm depressed and miserable.

  4. #4

    TykeLike

    SimonMac is a fount of knowledge

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    It will never happen, non story really and once again do we need to point out the shutdown has nothing to do with any potential default.
    “Live a good life. If there are gods and they are just, then they will not care how devout you have been, but will welcome you based on the virtues you have lived by. If there are gods, but unjust, then you should not want to worship them. If there are no gods, then you will be gone, but will have lived a noble life that will live on in the memories of your loved ones.”

    ― Marcus Aurelius

  5. #5

    Fingers like lightning

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    Quote Originally Posted by DimPrawn View Post
    It all sounds like a once in a lifetime opportunity for dirty spekulants to make a killing.


    How do you mean?

  6. #6

    bored now

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    Yes, it will happen, the republicans have lost control of the stupider, loonier part of their party who now have to appeal to people who just don't approve of obamacare.

    I don't however think we are screwed as we do have some notice and its obviously going to happen....
    Last edited by eek; 3rd October 2013 at 08:42.
    merely at clientco for the entertainment

  7. #7

    More fingers than teeth

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    Quote Originally Posted by DimPrawn View Post
    It all sounds like a once in a lifetime opportunity for dirty spekulants to make a killing.


    "iScooterscot 5s. Conceived in Scotland, assembled in China, sold in Europe."


    Yes yes, but where is it manufactured?
    “We've always defined ourselves by the ability to overcome the impossible. And we count these moments. These moments when we dare to aim higher, to break barriers, to reach for the stars, to make the unknown known. We count these moments as our proudest achievements. But we lost all that. Or perhaps we've just forgotten that we are still pioneers. And we've barely begun. And that our greatest accomplishments cannot be behind us, because our destiny lies above us.”

  8. #8

    Potty-trained

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    Quote Originally Posted by SimonMac View Post
    It will never happen, non story really and once again do we need to point out the shutdown has nothing to do with any potential default.
    US President Barack Obama has warned that Wall Street should be concerned that a conservative faction of Republicans is willing to allow the country to default on its debt.
    The US government has partially closed after Congress failed to agree a budget and will run out of cash on 17 October unless its debt ceiling is raised.

    In a TV interview on Wednesday, Mr Obama said he was "exasperated".
    Seriously still think they are unrelated?

    <tags SasGuru to step in the ring with some liberal use of the word cretin />
    Knock first as I might be balancing my chakras.

  9. #9

    TykeLike

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    Quote Originally Posted by suityou01 View Post
    Seriously still think they are unrelated?

    <tags SasGuru to step in the ring with some liberal use of the word cretin />
    Wow Deomcrat blames the other side for the problems, what ever next, our mate Dave blaming everything on guys before him
    “Live a good life. If there are gods and they are just, then they will not care how devout you have been, but will welcome you based on the virtues you have lived by. If there are gods, but unjust, then you should not want to worship them. If there are no gods, then you will be gone, but will have lived a noble life that will live on in the memories of your loved ones.”

    ― Marcus Aurelius

  10. #10

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    Quote Originally Posted by SimonMac View Post
    Wow Deomcrat blames the other side for the problems, what ever next, our mate Dave blaming everything on guys before him
    Good, so you actually agree with me then.
    Knock first as I might be balancing my chakras.

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