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?
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It's a non-story.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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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 TwainComment
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Originally posted by scooterscot View PostIt's like watching the world's slowest car crash and my is it boring.Doing the needful since 1827Comment
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Originally posted by Platypus View PostThey've already said they will lift the ceiling in time IIRC
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
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Originally posted by amcdonald View PostBut enough about the Scottish independence issue
It's a rebirth."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by russell View PostIf 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?Comment
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