Worried about what is NOT in the mainstream news about looming debt default

They are actively avoiding the subject to prevent panic, which as we have seen over the last few years, is not a hard thing to induce. Lots of folks out of work as a government shut down affects a lot of private sector funding and University research as well as public access to federal gov'ment stuff like passports, background checks, licensing you name it. None of those folks will get a paycheck

a reply to: The2Billies

That meeting has been canceled.

www.offthepress.com...

White House Debt Meeting With Hill Canceled Just Two Weeks From Crisis Deadline

Argentina is a drop in the bucket compaired to the US economy but I read, yesterday, where their economy is on the precipice of default.

www.offthepress.com...

Argentina Is Going Broke to Stall a Full-On Currency Collapse

There will not be a default. War will revive the economy. It always does.

a reply to: xuenchen

That goes first to Ukraine and then pallets of cash to the Hamptons....it's all legal right?

a reply to: SideEyeEverything

The Q thread? Can anything there really be taken seriously from people who still believe in Q? Sure, there is probably some nuggets of truth if you want to navigate through all the Q larping..

I totally get why people jumping on the Q bandwagon, but at this point, it become a cult with countless failed predicitions and extreme idolization of Trump.

originally posted by: Turquosie
a reply to: SideEyeEverything

The Q thread? Can anything there really be taken seriously from people who still believe in Q? Sure, there is probably some nuggets of truth if you want to navigate through all the Q larping..

I totally get why people jumping on the Q bandwagon, but at this point, it become a cult with countless failed predicitions and extreme idolization of Trump.

It's entirely irrelevant what you think of the Q thread or where the information appears. You refuted nothing and didn't even attempt to.

There was a link to a specific post which linked to a news source quoting an economist on the current financial situation.

article

Perhaps you can larp as somebody that educates themselves and read it. There are plenty of valid arguments to attack Peter Schiff with, but none of them have to do with other members in another thread you don't like.

It's funny how one group minding their own business has failed to predict a bunch of things and is considered a dangerous cult, but another group that failed to predict anything while actively advocating to violate basic human rights with the power of government is what the narrative ninnies call "official sources for COVID information".

a reply to: The2Billies

having a front seat to the venezuela crisis, im worried about where the Americans will go because Venezuelans easily moved around here and idk if Mexico and Canada will take them...but they would probably die than mass migrate

what makes me really worried as will it affect my remote work being paid in usd (through a polish company)

originally posted by: Antisocialist
a reply to: The2Billies

Argentina is a drop in the bucket compaired to the US economy but I read, yesterday, where their economy is on the precipice of default.

www.offthepress.com...

Argentina Is Going Broke to Stall a Full-On Currency Collapse

There will not be a default. War will revive the economy. It always does.

Argentina has een mulling over dollarization, but with a us economy collapse it seems unlikely.

if Milei can chase out the kirchneristas, it would be a miracle

Since I know nothing about the likes of which you speak... Any suggestions to help through the troubled waters I'll be watching?

a reply to: The2Billies

" ....because the Democrats have made the exact same economic socialist mistakes that destroyed a once rich country into a hell hole of abject poverty."


That IS their Intent. We are at WAR ....To Arms !

originally posted by: The2Billies
I have noticed that for the past few days or more there has been very little to no discussion anywhere on the possible US default on debt. Instead lots of focus on the border and the border has overridden any mention of the looming default crises. WHY?

There was a big section on it in the New York Times - they've been covering it for quite some time. I haven't looked but I'd bet the Wall Street Journal also has items on it. I've seen stories on AP News as well. Some PBS coverage - like Al Jazeera they have the occasional article but all of these have been covering it (including sections on what it is and the consequences since January.) And Business Insider's had some articles about the problems that will occur.

I don't follow more conservative outlets so can't speak about that. However, in the media that I regularly follow, I do see stories and the occasional special report section.

a reply to: Absinth3

1: The economy crashes and government saves the day by creating a NEW digital currency to replace the old. (See the section on Weimer republic in the link below - if you dont read anything else today). 2: The economy crashes which creates a domino effect on the rest of the world and this ushers in a new 1 world currency.

Yes there will be a financial crisis in which only the SIBs (systematic important banks) survive, the rest will go under, CBDC’s will be introduced alongside UBI.
It won’t create a domino effect as such as all countries signed up to UN agenda 2030 are on the same road, it will happen in lockstep like it did with the scamdemic.
The timeline is from October this year, with next year being the deadline for this.

The shutdown of economy’s throughout much of the world in the scamdemic was a test run, this time round a cyber attack might be blamed, it’s been touted by the WEF anyway. Whatever the excuse the plan is for a literal “GREAT RESET”

Maybe the Repunklicans will eliminate all corporate taxes so they will never have to worry about having enough campaign bribes. Kneel & Bob economics will keep the Divided Slaves of America in chains. Stupid sheeple divided by oligarchy!
Keep telling yourself that you are free.
It seems that not one politician will show a relationship to the debt ceiling and the new corporate tax break given by former master of fellatio Chump the Crooked

because it happens every year, honestly we need to get rid of the debt ceiling so this stops happening, before our credit rating is downgraded again due to this political brinkmanship both parties like to play.

originally posted by: Byrd

originally posted by: The2Billies
I have noticed that for the past few days or more there has been very little to no discussion anywhere on the possible US default on debt. Instead lots of focus on the border and the border has overridden any mention of the looming default crises. WHY?

There was a big section on it in the New York Times - they've been covering it for quite some time. I haven't looked but I'd bet the Wall Street Journal also has items on it. I've seen stories on AP News as well. Some PBS coverage - like Al Jazeera they have the occasional article but all of these have been covering it (including sections on what it is and the consequences since January.) And Business Insider's had some articles about the problems that will occur.

I don't follow more conservative outlets so can't speak about that. However, in the media that I regularly follow, I do see stories and the occasional special report section.

When was the latest NYT article? and was it a paywall? 😎

A link would be great if you can excuse the rest of us😎

a reply to: Turquosie

Get over yourself. It was a link to an economist's take on what is going on.

When the stock market and public starts believing Biden isn’t serious about a compromise and is leaving to go overseas while Republicans believe a debt default is just delaying payments on your bills like no big deal, I think there will be a reaction. The public may be screwed. Politicians are millionaires and rich and don’t seem to care if we’re screwed. It appears Rome may burn when not many are expecting it to finally happen.

On the other hand they could agree to a temporary extension to get by and then new talks of debt default could take place in July, then August, then October and on and on. Eventually the debt grows so big everyone realizes we’re not going to pay it back. I would like the current system to keep going for another 30 to 40 years but it may not last 10.

THE U.S. has defaulted on it's debt 4 times...

According to: thehill.com...

TRUE or FALSE?

We've been through so much "fear mongering" about everything from a virus to illegal aliens to govt shutdowns, and much more, over the past few years.

ARE THERE ANY REAL EMERGENCIES (aside from asteroids, meteors, etc..) that are of significant danger to millions of people?

originally posted by: surfer_soul
a reply to: Absinth3

1: The economy crashes and government saves the day by creating a NEW digital currency to replace the old. (See the section on Weimer republic in the link below - if you dont read anything else today). 2: The economy crashes which creates a domino effect on the rest of the world and this ushers in a new 1 world currency.

Yes there will be a financial crisis in which only the SIBs (systematic important banks) survive, the rest will go under, CBDC’s will be introduced alongside UBI.
It won’t create a domino effect as such as all countries signed up to UN agenda 2030 are on the same road, it will happen in lockstep like it did with the scamdemic.
The timeline is from October this year, with next year being the deadline for this.

The shutdown of economy’s throughout much of the world in the scamdemic was a test run, this time round a cyber attack might be blamed, it’s been touted by the WEF anyway. Whatever the excuse the plan is for a literal “GREAT RESET”

One way in which this may work is that when your bank or credit union starts to (allegedly) collapse the FDIC will step in and generously guarantee all your funds ... These funds will be made available to you through a new bank account with one of their friendly banks and initially the account will seem perfectly normal that is until you try to transfer the money to yourself at any other financial institution whereupon you'll find out that doing so is restricted or limited (with the pretext that it is protecting you from further bank failures).

Once you're locked in to using the friendly banks new account and enough individuals have had their accounts moved to the new system, that is when the purchase and usage rules will begin to kick in ... New combustion engine car purchase or lease - Computer says no!, New gas furnace or stove - Computer says no! etc etc etc ...

Similar bank guarantee schemes exist across the western world and the live test of the public reaction was done when the FDIC facilitated the transfer of account balances from First Republic to JP Morgan Chase unannounced over a weekend ... MSM kept it on the down low and customers were just told don't worry your money's still there it's just with this other provider, nothing to be concerned with, we are protecting you.

So its just a coincidence the US treasury reaches the debt ceiling before the G7 meeting this year?
Japan is the hosting member this year and gets to choose the discussion priorities.
JB doesn't have much to bring to the table as far as US economic decisions.
Will they get rid of the 2017 reduced tax laws?
Will they cut spending?
JB can say the US isn't going to default, they could have adopted the Republican austerity budget rather than default.
The G7 members probably already know the details of the compromise plan which has NOT been in the news and nobody is talking about.

Since Kevin McCarthy is not a right wing Republican he was forced to sign a suicide pact that allows the House to vote on a motion to vacate removing him as speaker if there isn't a bipartisan rescue.

Don't worry about DJT advising default, the US isn't a failing casino (hopefully).