http://www.motherjones.com/politics/2013/10/16-ways-not-raising-debt-ceiling-will-screw-americans
16. And, after all is said and done, the US deficit will increase. "When there's a threat of default"—let alone an actual default—"you see interest rates go up on treasuries, so you have to have more government spending to pay back the interest," says Harry Stein, the associate director of fiscal policy for the Center for American Progress. "So then you end up increasing the deficit. If that's really all you care about, then you'll see that playing with the default isn't even productive. So why are we talking about this?"
Comments
Their plan is to starve the world into submission. Between HAARP and congress they are doing very well.
And don't forget what the House of Representatives is up to, dipping into SSA payments.
http://www.abovetopsecret.com/forum/thread975819/pg1
Yes I know it is ATS but the signed documents are posted
Since Canada exchange a large amount of commodities, I suspect that we, as economical partner, will feel the brunt of the default too.
The debt default made headlines in our newscast. CBC (Canadian Broadcasting Corporation), mentioned a few times what impact the default will have on Canada economy.
I am right to assume that if the default in payment do occur, it will bring about a hard back currency system through the world?
A couple years ago they bought 50,000 acres of land near Boise Idaho and started building a self sustaining city and doing mining, then articles started coming out about cities around the country they were looking to buy.
We are going to have to go through the default sooner or later and it won't be pretty. I think the reset or Neil Keenan may be our only way out also.
Yes, we have been betrayed in so many ways. Of course, those sales were illegal under the laws of yesteryear, and for good reason, since selling to foreign interests undermines national security. It would be best to return the money and tell them to go home, but we don't have the money. Once the coup regime is ousted, we will have to take the reins and rescind all illegal contracts and make the parties whole. Should the global reset actually happen, I think things will be worked out, but that's an if.
Cheryl,
Although all of these reasons will most certainly cause tremendous turmoil, there is one issue that I think everyone needs to understand and take very seriously. Our debt to China. The reports of Chinese troops massing south of the border may indeed be true due to this issue. I am not sure if Keith or Byron already posted on this, regardless I urge all to listen to this video that explains the issue very well. What may be the single most important result of the default is Chinese land owners stepping in to protect their assets on American soil. Everyone needs to understand that these Chinese land owners are authorized by the US government to use deadly force to protect their assets hence the Chinese troops. This is not fantasy or a conspiracy theory. The US has relied on China to finance our debt for years now.
They own many of the national parks that our government has sold to them in exchange for loans.
The problem is so big it is hard to imagine how much they own.
The Chinese state oil company alone has purchased millions of acres.
Please watch this 12 minute video
https://www.youtube.com/watch?v=LtsQl1ahmZg