Will US extend Debt Limit above $20,000,000,000,000 ????

Discussion in 'Markets & Economies' started by errol43, Mar 21, 2017.

  1. SilverBum

    SilverBum New Member

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    Next week politicians will try to pass a tax reform bill. The US market has a cut already priced at least from my view this looks a lot like 1987 all over again with one notable difference. That is this the other party will not even listen to the other side of the isle.

    I suspect this indifference will only grow as issues move forward. If put under the gun of the debt ceiling it is my belief that around April 15(US tax date for citizens) the current administration will do a big cash grab. States with legal pot (not my state, only medical cannabis) will have those dispensaries closed and all there money and possible land confiscated.

    After the Den of Thieves (Federal Reserve) decided that no pot money will be allowed into the system. That to me said the only way that money will be added would be a federal confiscation.

    If you want know why I believe this Attorney General Jeff Sessions has said publicly that pot makes people violent. As far as Trump himself I don't ever recall him saying anything on the matter, however he is a businessman with a pedigree of emerging companies from bankruptcy which is what I would classify the United States as being. Our money is less accepted to other nations and the debt no matter how you look at it, is a debt load that will never be paid back.


    Since I can't get my signature to take I will add it here

    I don't watch mainstream media here in America, as I watch crap once a day when I flush.
    Minds are like parachutes. They only function when they are open!!
     
  2. TheEnd

    TheEnd Well-Known Member

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    I saw a youtube clip of Trump during the his election when it was all going down.

    He said something about the huge debt he was taking on and that he'd been advised by economists that the limit for U.S debt was 24 Trillion.

    WW3 with N.K would surely push the debt ceiling into the stratosphere?
     
  3. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

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    "knock...knock"
    "who's there?"
    "Trump... who's asking?"
    "Putin...wha' da ya want?!"
    "20 trillion.... got any?!"
    "yeah.. but yer not getting any..."
    [sob...sob]
     
  4. TheEnd

    TheEnd Well-Known Member

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    Just had a quick look at 'the clock'.

    For some reason, (N.K situation maybe) it's ticked over 20T and is well on its way to 21!
     
  5. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

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    Trump doesn't care... it's just bunch of numbers for him...
     
  6. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Still lot lower than Australia per capita.

    It’s a large number but so what
     

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