U.S edging closer to catasrophic default.

Caput Lupinum said:
If the US was to default I would doubt there would be an election next year. It would be anarchy or a dictatorship
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This children is what we call a fear mongering exaggeration.
 
An event of this magnitude does not unfold randomly. The whole thing was pre-detemined and stage managed and the outcome was decided a long time ago. Ignore the bread and circuses and ask the only relevant question - Who would benefit financially from a US default? If it occurs then you have your answer as to who controls the politicians. If it doesn't occur, ask yourself "Who benefited financially from the threat of a default"? You will get the same answer. Someone is making money from this event. Follow the money and power trail....
 
Results not typical said:
An event of this magnitude does not unfold randomly. The whole thing was pre-detemined and stage managed and the outcome was decided a long time ago. Ignore the bread and circuses and ask the only relevant question - Who would benefit financially from a US default? If it occurs then you have your answer as to who controls the politicians. If it doesn't occur, ask yourself "Who benefited financially from the threat of a default"? You will get the same answer. Someone is making money from this event. Follow the money and power trail....
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Cyrptic.... and severely lacking in answers. Do you know who is? Or will you enlighten us...?
 
Why is China buying so much gold?
Why are so many trade deals avoiding the USD (China Aust, China Iran, Russia Iran, etc etc)
Why is China issuing warnings to the USA about default and why is it all front page news?
Why is the IMF issuing warnings to the USA about default and why is it all front page news?
Why is the BIS dumping on the Comex to make gold so affordable for China?
Why have the Euro problems disappeared from the MSM when not much has changed there?
If one man (Obama) can stop all this drama with a wave of pen then why doesn't he?

Because 'they' have done all this before:

At the end of the Second World War, it was clear that the dollar would be the dominant international currency in any global economic reconfiguration, and this became the core of the Bretton Woods system. Most rich countries pegged their currencies to the dollar, while the dollar alone valued its currency directly in gold. Nevertheless, there continued to be a role for a secondary international currency to be used as a reserve asset, anchor currency and as a currency of settlement because the supply of USD assets and gold was restricted in the immediate post-war period by US balance of payments surpluses. In the 1950s the sterling area (35 countries and colonies pegged to sterling and holding primarily sterling reserves) accounted for half of world trade and sterling accounted for over half of world foreign exchange reserves. It took ten years after the end of the war (and a 30% devaluation of the pound) before the share of USD reserves exceeded that of sterling. Thereafter, the fall in sterling's share of global reserves followed a gentle decline rather than a dramatic tumble. In 1955 40% of global reserves were held in sterling and 15 years later sterling's share was only 10% lower. Inflation in the early 1970s and the accumulation of dollars by OPEC sharply reduced sterling's share thereafter to below 10% by 1972 without prompting a collapse. This pattern of gradual, if inevitable, decline in sterling's share might give comfort to those concerned about a disruptive 'tipping point' for diversification away from the US dollar in the decades to come. A closer look at why sterling declined in such an orderly way, however, shows that this was a carefully managed process that required considerable sacrifice and cooperation among key players in the global monetary system.

"It took ten years after the end of the war (and a 30% devaluation of the pound) before the share of USD reserves exceeded that of sterling."
http://www.worldfinancialreview.com/?p=511
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and quoted elsewhere from Jim Sinclair:

The future for the currency system is , as Jim has previously advised, a new virtual reserve currency made up of the US$, the Euro, the Yen, the Renimbi and gold which will be the keystone of what Jim has called the Great Reset. The inclusion of gold in that process is inevitable and is the main reason why a prudent investor should continue to have substantial exposure to gold and gold related items. Whilst gold is currently the subject of a successful manipulation in price you should ask yourself why China purchased more than 270 tons of gold in August this year and is on course to purchase more than 1000 tons for the year. These purchases are not a trade or a speculation, they are made in the knowledge that gold is going to assume a position of preeminence as the currency of choice. You and your clients would be best served to ask why they own gold and along with an understanding of the Great Reset they could rest easily knowing that in the long term they have bought insurance and an opportunity to profit greatly when gold becomes a part of the new reserve currency.
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Well tmrw is going to be a BIG day for the U.S.....I will be on my computer all day watching it unfold......Lets hope they sort out some sort of deal ASAP.
 
dont lose sleep over it. It will be raised by tomorrow morning and metals will be smashed
 
Scyb said:
dont lose sleep over it. It will be raised by tomorrow morning and metals will be smashed
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Is the 'smashed' reference because you think people will swing towards currency and use the announcement as a confidence boost?
 
TheEnd said:
Well tmrw is going to be a BIG day for the U.S.....I will be on my computer all day watching it unfold......Lets hope they sort out some sort of deal ASAP.
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Do something more useful with your day
 
Scyb said:
dont lose sleep over it. It will be raised by tomorrow morning and metals will be smashed
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Amen to that.
A few years ago, I thought nothing could break my spirit - then I bought gold and silver.
 
TheEnd said:
Well tmrw is going to be a BIG day for the U.S.....I will be on my computer all day watching it unfold......Lets hope they sort out some sort of deal ASAP.
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Won't be tomorrow ... Time zones...Tune in Thursday night Midnight to 6 Pirit Radio. :D

Regards Errol 43

You have to know when to walk away and know when to run. A deal will be done..
 
Great! We can go through the whole charade again in February. There's nothing like continual threats of debt default to spur an already failing economy
 
Maybe they didn't want everyone to have a horrible Xmas and are delaying the default until next year?

Wonder if they'll go through all that same BS they just did again Jan 2014?
 
Like anyone is going to go on a spending spree over xmas knowing 4 weeks later the threat is back. The October - December retail figures are going to suck ass. Unless of course the government shuts down again and can't report the suck ass data.
 
mmm....shiney! said:
What are you going to do today then TheEnd? :lol:
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Look for a job.... And try to work out a deal with missus so she'll let me back home i'm living at my mums this week! :D
 
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