Economy News for Mon 14 Oct 2013

[Cheryl Nelson]

22 Reasons To Be Concerned About The U.S. Economy As We Head Into The Holiday Season

http://theeconomiccollapseblog.com/archives/22-reasons-to-be-concerned-about-the-u-s-economy-as-we-head-into-the-holiday-season

The US cannot avoid a soft default even if a hard default is avoided: Debt ceiling already breached and US Treasury operating in emergency mode while US is paying $415 billion in annual interest expenses.

http://www.mybudget360.com/us-soft-default-debt-ceiling-and-us-debt-default/

Nothing left to financially lose: Biggest drop in confidence since Lehman Brothers and why some are unmoved by government shutdown.

http://www.mybudget360.com/nothing-left-to-financially-lose-government-shutdown-history-us-government-shutdown/

Marc Faber Warns "There Is No Safe Haven"

http://www.zerohedge.com/news/2013-10-14/marc-faber-warns-there-no-safe-haven

The "Aggregation Of Rackets" That American Life Has Become Is Rolling Over

http://www.zerohedge.com/news/2013-10-14/aggregation-rackets-american-life-has-become-rolling-over

What China Really Thinks of the Shutdown

http://www.zerohedge.com/news/2013-10-14/guest-post-what-china-really-thinks-shutdown

Tough choices if US Defaults:  Debt ceiling crisis could leave millions in lurch

http://money.cnn.com/2013/10/14/news/economy/debt-ceiling-crisis/index.html?iid=Lead

[Jim Balister]

Another thing, the US would have lots of money if they would stop giving it all away to foreign countries!    They also have to put the clamps back on the banks that Clinton took off.  Those clamps were set in place to make sure that this would never happen.  They also have to set a one time permanent  price on gold and silver and not let either leave the country. ( no floating price ) Next they have to start minting silver and gold coins for public use.  And have the treasury mint the coins and print the dollars.  If they don't do this we will have a country that none of us will know.  They might as well change the name to ATLANTIS!

[Jim Balister]

We were set up to loose!  The only way we could end up is in bankruptcy  thanks to the federal reserve bank.  The reason?  The national dept is an interest ONLY deal.   We pay on the interest by law and not a penny comes off the principal.  So the debt is always there!   These people who run the country are nuts to go along with such a thing.