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With the US debt ballooning to a new record of $16.7tln and the deadline to fix the ‘debt ceiling’ expiring on October 1, a default threat looms over the world’s largest economy. Experts agree the government will broaden its borrowing limit.
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Nears GDP ? America is well over that number ,truth is there are to many people chasing to few resources on this planet ,so have whats known as POINT BREAK and we are already here , Look around you people all around the world are fighting in the streets ,governments ,corporations and councils are on a land grab ,because they know whats coming , shortages of food and water
Systems are crashing and ordinary people are finding it hard to cope ,domestic prices keep going up ,petrol and diesel are due to go up again fueling inflation !
Who would believe what an IMF spokesperson says, ALL the IMF wants is to cheat countries out of billions in interest charges for money they print free of charge, just crooks, tell them they had all the interst they are getting and default, NO ONE would miss the IMF, other than the Banksters.
America bites the dust..!!
No more hello's from America, only sad woes from America...
He llo from America!
America can set the standard for the world, because it is genius, it is tireless, it is merciful, it is devout. It is my home.
Whoever you are you are disrespecting the great name which you using as a nickname.
If America is your home that great but most will disagree with what american government is doing with own citizens and rest of the world.
......and change nickname
10-4 on the come and get it from the US military.
the US $ will seize to be a the only trading currency , it a long time coming , time is now to eliminate this worthless paper of a currency ,OPEC is looking at the euro and the trade for trade , oil for gold ,not dollars .
For those commenting that the dollar MUST be backed up. And even those interpreting Greenspan words, I will tell you this. The U.S dollar has NO GUARANTEES. Other than the note itself which the U.S gov. promises a full pay for. About just printing money, yes. U.S does that. BUT,there is a formula that considers all debts and obligations, including people etc before the right amount is printed. And NOT ALL debts are considered. Otherwise, the dollar looses value. It works by supply and demand.Reason Bush went to Iraq and turned oil reserves into dollar again.If the world reserves are Ruble , dollar loses value.
“The United States can pay any debt it has, because we can always print money to do that. So there is zero probability of default,” Alan Greenspan said on NBC's ‘Meet the Press’ in August.
Need international monetary unit asap!!
You are correct. Sooner or later it will hit. But all the oil producing nations got out of the dollar it would happen sooner. Just like Benjamin Netanyahu said to the American Jewish spy Jonathan Pollard when he visited him in prison,"Quote: “Once we squeeze all we can out of the United States, it can dry up and blow away.” – Benjamin Netanyahu. A comment made by Netanyahu to Jonathan Pollard (convicted traitor and spy) upon exiting Pollard’s jail cell.
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