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TOPIC: Money troubles for the US next month?

Money troubles for the US next month? 27 Feb 2017 04:56 #1

  • peacenik
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Couple of things coming up next month that could be worrisome? 1... is the fact that a law automatically takes effect disallowing the government to raise the debt ceiling. The US has only enough cash to last until June. That's only a few months away.

I hope president Trump is aware of this and takes appropriate action? It's going to be interested to see what happens when this thing enfolds

investmentwatchblog.com/david-stockman-giant-fiscal-bloodbath-coming-soon-everything-will-grind-to-a-halt-in-2017/

2....is the Federal Reserve meeting next month where a rise in interest rates appear to be a done deal?

Between the two of these two events it appears to be a reason for concern, especially for those on government assistance?
Birth is not a beginning; death is not an end. There is existence without limitation; there is continuity without a starting point.” ~ Chuang Tzu
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Money troubles for the US next month? 27 Feb 2017 20:34 #2

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Will POTUS Trump raise the debt ceiling by Executive Order? Can he use EO on this type of emergency? How will the world stock markets react between now and then to this news? What if the US were to lead the charge and default on it's debt, and start from scratch? From my understanding, the US debt is so huge it will never be paid off anyway?
Birth is not a beginning; death is not an end. There is existence without limitation; there is continuity without a starting point.” ~ Chuang Tzu
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