U.S edging closer to catasrophic default.

Discussion in 'Markets & Economies' started by TheEnd, Oct 7, 2013.

  1. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    Well put! This so-called "default" is a load of horsesh1t!

    A so-called "default" will be the best thing ever that could possibly occur... => government will have to start living within its means and shed part of its cancerous self.
     
  2. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    You never done any poking around yourself?

    If you have, you're incredibly dense.

    If not, you're incredibly ignorant.
     
  3. TheEnd

    TheEnd Well-Known Member

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    Gees they already have 44million on food stamps......How many more will end up the same..... The U.S are in such a big pickle its not funny...... O.k so they won't default but it WILL BE like a depression for many as it already is for the 44 million..... None of this news is good......Its ALL bloody bad...... It doesn't matter which way they go they are in BIG trouble..... So glad I don't live in U.S!
     
  4. volrathy

    volrathy Active Member

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    http://www.defense.gov/speeches/speech.aspx?speechid=430

    Our financial systems are decades old. According to some estimates, we cannot track $2.3 trillion in transactions.
     
  5. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    I really don't get the mentality of delaying the debt ceiling negotiations for 6 weeks as suggested by D.C. It's like they don't give any real thought to the state of the economy whatsoever. Nevermind business or consumer confidence, nevermind retail figures leading into christmas, nevermind any real prospect of authentic growth. If any small-medium business owner ran their business like Congress runs an economy they'd be dead in the gutter. F*cking show-boating twats
     
  6. TheEnd

    TheEnd Well-Known Member

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    Ye I don't get it either I mean wot are they going to achieve by delaying it for six more weeks...... Unless they have something else organised that they will release in that time...... QE 4 Maybe ?
     
  7. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    Th politics of fear and control.
     
  8. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    They've got nothing but a shady three shell and pea magic trick
     
  9. trew

    trew Active Member Silver Stacker

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    Six weeks or six years doesn't matter - they are only delaying the inevitable day of reckoning
     
  10. TheEnd

    TheEnd Well-Known Member

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    O.k so what are they going to achieve within six weeks time...? One of my sources believes Obama will get 1 Trillion higher on the debt ceiling in six weeks time, enough to last until November 2014.......Great, now we all gotta wait another year before the SHTF...... Suppose it will give us all more time to prepare which I could actually do with?
     
  11. TheEnd

    TheEnd Well-Known Member

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  12. JulieW

    JulieW Well-Known Member Silver Stacker

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    The end of USD reserve currency is now in sight.
     
  13. TheEnd

    TheEnd Well-Known Member

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    Are you concerned/worried Julie W? Do you really think they may default?
     
  14. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    The markets will force the pollies hands somtime this week if they keep playing chicken with the debt ceiling. 1000-1500 drop in the dow would be enough to stain the seat of Obama's and Boehner's pants.
     
  15. TheEnd

    TheEnd Well-Known Member

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  16. col0016

    col0016 Active Member

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  17. hiho

    hiho Active Member Silver Stacker

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    only a war could enable that fate
     
  18. TheEnd

    TheEnd Well-Known Member

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    Yes Col I have no idea what i'm going to spend all my time chatting about on this site now...... Bloody yanks screwing around with everyones lives....lol!
     
  19. Jing

    Jing Member Silver Stacker

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  20. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    lol really ;p

    it will go on for probably longer than my lifetime
     

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