Biden’s “CODEWORD” Warning, Nibiru and the End of DaysSubmitted by Bob-45 on Fri, 10/04/2013 - 13:33
Recently the economic issues in America have deepened, causing people to starting fearing for their personal futures and wondering what the root of the problem is.
October 4, 2014
WASHINGTON, D.C. — The U.S. Treasury has warned that the $16.7 trillion debt ceiling must be raised by Oct. 17th, to avoid a U.S. debt default. This warning has caused concerns amongst investors and citizens alike as most are unsure of their futures in this once great nation.
Based on a study of a previous debt ceiling impasse in 2011, the results won’t be good if figureheads in Washington can’t find a solution. WashingtonPost.com reported, “Failing to do so, Treasury warned, would have catastrophic consequences.
“A default would be unprecedented and has the potential to be catastrophic: credit markets could freeze, the value of the dollar could plummet, U.S. interest rates could skyrocket, the negative spillover could reverberate around the world, and there might be a financial crisis and recession that could echo the events of 2008 or worse,” the report said.”