http://www.usatoday.com/story/money/markets/2013/10/03/wall-street-stares-down-us-default/2916643/
"A default would be a 10 on the Richter Scale," says LaVorgna.
It would probably lead to a downgrade in US credit. I dont know what happens from there. What I do know is that the dollar is being deliberately destroyed for the sake of world economics since it is currently the world's reserve currency. The removal of the dollar would allow a world currency to be ushered in.
The U.S. Treasury warned Thursday that a default "has the potential to be catastrophic." It said it could spark a financial crisis and recession that "could echo the events of 2008 or worse."
After the catastrophe and in a post-America world, the new currency would benefit the entire globe.
"There is a 0% chance that the U.S. will default," Parker says.
True, if anti-americanism wasn't so prevalent. Socialism can't take off unless the lone superpower, which happens to be capitalist, is removed from the equation.
The U.S. Treasury said it will be virtually out of cash on Oct. 17.
And time maybe.
Friday, October 4, 2013
Current Events-Babylonian society
http://www.usatoday.com/story/news/nation/2013/10/04/miriam-casey-connecticut-us-capitol-case-depression-washington/2921377/
Oh. Maybe we should ban people from having babies.
Thus would be the logic for those who blame things instead of humans for erroneous acts.
Oh. Maybe we should ban people from having babies.
Thus would be the logic for those who blame things instead of humans for erroneous acts.
Current Events-Doctrine
http://www.usatoday.com/story/money/business/2013/10/04/tgi-fridays-casual-dining-muslim/2921433/
A Muslim woman is accusing the popular TGI Friday's casual dining chain of tricking her into eating a food that her religion forbids: pork.
This claim is frivolous. The fact that consumption was accidental, should clear the muslim's conscience. There is a good chance you won't go to hell for eating swine.
More importantly, it is not what goes in a man's mouth that dirties him up...it is what comes out of it.
A Muslim woman is accusing the popular TGI Friday's casual dining chain of tricking her into eating a food that her religion forbids: pork.
This claim is frivolous. The fact that consumption was accidental, should clear the muslim's conscience. There is a good chance you won't go to hell for eating swine.
More importantly, it is not what goes in a man's mouth that dirties him up...it is what comes out of it.
Thursday, October 3, 2013
Current Events-Babylonian security-speculation
http://abcnews.go.com/Politics/shutdown-creating-dreamland-spies-dni-chief/story?id=20444871
Does the shutdown jeopardize national security?
http://www.usatoday.com/story/news/nation/2013/10/03/uscapitol-lockdown/2916679/
A woman drives her car into white house barriers and then drives toward the capitol building before being shot to death.
Exclusive footage was given by "alhurra" TV.
http://www.alhurra.com/info/english/112.html
Alhurra is operated by the non-profit corporation “The Middle East Broadcasting Networks, Inc.” (MBN). MBN is financed by the U.S. Government through a grant from the Broadcasting Board of Governors (BBG), an independent federal agency.
Does the shutdown jeopardize national security?
http://www.usatoday.com/story/news/nation/2013/10/03/uscapitol-lockdown/2916679/
A woman drives her car into white house barriers and then drives toward the capitol building before being shot to death.
Exclusive footage was given by "alhurra" TV.
http://www.alhurra.com/info/english/112.html
Alhurra is operated by the non-profit corporation “The Middle East Broadcasting Networks, Inc.” (MBN). MBN is financed by the U.S. Government through a grant from the Broadcasting Board of Governors (BBG), an independent federal agency.
Current Events-Babylonian economy
http://www.usatoday.com/story/news/politics/2013/10/03/debt-limit-economic-consequences/2914619/
a Treasury Department report Thursday argues that "even the prospect of a default can be disruptive to financial markets and American businesses and families."
Please refer to the following post for a broader picture:
http://lastdaysdisciple.blogspot.com/2012/12/current-events-national-economy.html
a Treasury Department report Thursday argues that "even the prospect of a default can be disruptive to financial markets and American businesses and families."
Please refer to the following post for a broader picture:
http://lastdaysdisciple.blogspot.com/2012/12/current-events-national-economy.html
Current Events-Babylonian economy
http://www.usatoday.com/story/money/markets/2013/10/03/stocks-thursday/2913641/
"A default would be unprecedented and has the potential to be catastrophic," according to Treasury. "Credit markets could freeze. The value of the U.S. dollar could plummet. U.S. interest rates could skyrocket. The negative spillovers could reverberate around the world. And there might be a financial crisis and recession that could echo the events of 2008 or worse."
Word.
"A default would be unprecedented and has the potential to be catastrophic," according to Treasury. "Credit markets could freeze. The value of the U.S. dollar could plummet. U.S. interest rates could skyrocket. The negative spillovers could reverberate around the world. And there might be a financial crisis and recession that could echo the events of 2008 or worse."
Word.
Current Events-Babylonian economy
http://www.usatoday.com/story/news/politics/2013/10/03/obama-debt-ceiling-governnent-shutdown-m-luis-constuction/2914557/
"As reckless as a government shutdown is ... an economic shutdown that results from default would be dramatically worse," Obama said during an appearance at a construction company in Rockville, Md.
Wow, Bo on a roll, two truths in a row.
Dang, we must be nearing the end when the AC resorts to telling the truth.
Obama spoke less than an hour after the Treasury Department issued a report saying that a default could plunge the nation into a recession worse than the near-meltdown of the financial system in 2008.
"As reckless as a government shutdown is ... an economic shutdown that results from default would be dramatically worse," Obama said during an appearance at a construction company in Rockville, Md.
Wow, Bo on a roll, two truths in a row.
Dang, we must be nearing the end when the AC resorts to telling the truth.
Obama spoke less than an hour after the Treasury Department issued a report saying that a default could plunge the nation into a recession worse than the near-meltdown of the financial system in 2008.
Current Events-Babylonian economy
http://www.usatoday.com/story/theoval/2013/10/03/obama-wall-street-cnbc-interview/2914289/
Told by a CNBC interview that Wall Street is "pretty calm" about the government shutdown and political infighting, Obama said: "I think this time is different -- I think they should be concerned."
Why would Bo try to scare people? Maybe he's not. Maybe he's telling the truth for once.
Obama cited concern about possible Republican objections to an increase in the debt ceiling, leading to a government default. While it's "not unusual for Democrats and Republicans to disagree," Obama also said that "when you have a situation in which a faction is willing potentially to default on U.S. government obligations, then we are in trouble."
A DEFAULT would have serious economic repercussions worldwide.
Told by a CNBC interview that Wall Street is "pretty calm" about the government shutdown and political infighting, Obama said: "I think this time is different -- I think they should be concerned."
Why would Bo try to scare people? Maybe he's not. Maybe he's telling the truth for once.
Obama cited concern about possible Republican objections to an increase in the debt ceiling, leading to a government default. While it's "not unusual for Democrats and Republicans to disagree," Obama also said that "when you have a situation in which a faction is willing potentially to default on U.S. government obligations, then we are in trouble."
A DEFAULT would have serious economic repercussions worldwide.
Tuesday, October 1, 2013
Current Events-Babylonian economy
http://www.usatoday.com/story/news/politics/2013/10/01/treasury-debt-limit-extraordinary-measures-lew/2905247/
Since May, Lew has undertaken a number of actions, known as "extraordinary measures," to keep under the debt limit set by law. They include delayed pension fund payments. Tuesday's announcement said Treasury has taken the final measures at its disposal, including drawing down a $23 billion emergency fund meant to stabilize U.S. currency, and making a $9 billion debt swap.
"There are no other legal and prudent options to extend the nation's borrowing authority," Lew said.
Neither action will extend the Oct. 17 date, when the Treasury's daily balance is projected to be $30 billion. At that point, the government would only be able to pay as many bills as it has daily tax receipts.
The balloon just keeps getting bigger and bigger...and when it pops...the mighty dollar will take a knockout blow.
Since May, Lew has undertaken a number of actions, known as "extraordinary measures," to keep under the debt limit set by law. They include delayed pension fund payments. Tuesday's announcement said Treasury has taken the final measures at its disposal, including drawing down a $23 billion emergency fund meant to stabilize U.S. currency, and making a $9 billion debt swap.
"There are no other legal and prudent options to extend the nation's borrowing authority," Lew said.
Neither action will extend the Oct. 17 date, when the Treasury's daily balance is projected to be $30 billion. At that point, the government would only be able to pay as many bills as it has daily tax receipts.
The balloon just keeps getting bigger and bigger...and when it pops...the mighty dollar will take a knockout blow.
Monday, September 30, 2013
Current Events-FEMA REGION III-speculation
Please be advised.
Although this blog is about Christ and nothing political or geo-political...
A "rumor" worthy of attention:
FEMA REGION III is quietly preparing for an "imminent catastrophic event" in October...
At present time, the Federal Government is shutting down, new healthcare laws that invade privacy are being passed and a debt ceiling debate is scheduled for 10/17/13.
https://www.youtube.com/watch?v=eqAJl6FXgi0
Again, a US DEFAULT could have catastrophic measures.
UPDATE: 10/31/13
http://www.washingtonpost.com/local/food-stamp-cuts-to-impact-washington-region/2013/10/31/70a5ff34-41cb-11e3-a624-41d661b0bb78_story.html?wprss=rss_national
The region’s most vulnerable residents will find themselves reshuffling their budgets Friday when a temporary boost to the federal food stamps program expires, resulting in the loss of millions of dollars used by families to keep food on the table.
Little by little, seems to be the norm...
Although this blog is about Christ and nothing political or geo-political...
A "rumor" worthy of attention:
FEMA REGION III is quietly preparing for an "imminent catastrophic event" in October...
At present time, the Federal Government is shutting down, new healthcare laws that invade privacy are being passed and a debt ceiling debate is scheduled for 10/17/13.
https://www.youtube.com/watch?v=eqAJl6FXgi0
Again, a US DEFAULT could have catastrophic measures.
UPDATE: 10/31/13
http://www.washingtonpost.com/local/food-stamp-cuts-to-impact-washington-region/2013/10/31/70a5ff34-41cb-11e3-a624-41d661b0bb78_story.html?wprss=rss_national
The region’s most vulnerable residents will find themselves reshuffling their budgets Friday when a temporary boost to the federal food stamps program expires, resulting in the loss of millions of dollars used by families to keep food on the table.
Little by little, seems to be the norm...
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