U.S. DEBT CEILING: Wednesday 15th March 2017. A date for your diary..!!
U.S. DEBT CEILING
Credit: Dave Granlund
The World is drowning in a sea of TOXIC DEBT and DERIVATIVES and the U.S. is no exception.
In October 2015 Congress and the Obama Administration took extraordinary measures and agreed to suspend and extend the Debt Ceiling to 15th March 2017.
This date is fast approaching and it is expected that the Treasury Department will once again enact further emergency measures in order to pay its bills by buying more time.
The expiry of this date will be closely watched throughout the World as this will set a precedence for the Global Financial Debt and Derivatives Markets.
Date for your Diary
As this date is important I would suggest that you put it in your diary and count down the days as it gets closer.
T-7 (trading days) and counting..!!
Day 1 - Monday 6th March
Day 2 - Tuesday 7th March
Day 3 - Wednesday 8th March
Day 4 - Thursday 9th March
Day 5 - Friday 10th March
Day 6 - Monday 13th March
Day 7 - Tuesday 14th March
DEADLINE DATE - Wednesday 15th March 2017.
This is likely going to be the most important Date in the 2017 Financial Calendar and one that will set the course for 2017 and the coming few years.
GOLD, SILVER and BITCOIN
As this Deadline Date draws closer keep an eye on Gold, Silver and Bitcoin..!!
Thanks again for reading.
Stephen
March 13 BTC ETF
March 14 Merkel to Washington
March 15 Interest rate increase
March 15 Debt Ceiling
March 15 Dutch election
April 17 France election
April 20 Italy debt payments
May 15 US Budget talks
July 15 Greece debt payments
August 25 Germany election
I have heard several commentators I follow talk about disruptions happening around mid-March. I am sure that both sides of our political spectrum here in the U.S. will make it a political battle. There is sure to be lots of political fireworks around mid-March.
The Trump administration should also be submitting their FY18 budget proposal to Congress soon. It will be interesting to see that that messes with the debt ceiling battle.
If Congress does nothing and the government hits the debt ceiling sometime in the July-August time frame (or maybe sooner), then President Trump gets to decide how money is spent just like President Obama did several years ago. This time it will be sure to ignite even more political fireworks.
It could be a very politically charged spring and summer here in the U.S.
After catching up on all the news, I bought another tube of silver eagles and some more BTC. Both, as well as gold, should do well by the end of this year.
I hope you had a great weekend,
Steem on,
Mike
Nice catch Mike on that Clif High video and webbot report. Appreciate your work too!
Keep Stemming On,
Frank
Thank you Frank!
Have a great week,
Steem on,
Mike
I could not agree more Mike. Gold, Silver and Bitcoin charts are all BULLISH and I expect to see "fireworks" in all three as we pass through March. At the end of March the Financial Landscape will look totally different than it does today. Exciting times ahead. Stephen
NOTED!!!
Thanks again Stephen!
You are ONE of my favs...
Try to enjoy the rest of your Sunday.
Frank
Thanks Frank, I really appreciate that. Likewise. Have a great Sunday evening. Stephen
One hopes that Trump takes decisive measures against any raising of the debt level, and we start paying the price of moving towards financial responsibility.
The short term costs are going to be pretty high, but with some courage, can be pushed over on the leeches that caused the problem in the first place.
Problems go back really as far as the mid 1970's, probably even further. The Debt Crisis of 2008 was a wake-up call but in reality NOTHING was really done. The next time, and there will be a next time, it will be a lot worse than 2008, a LOT, LOT, LOT worse..!! Thanks for your continued support. Stephen
But those are the problems we pay for now.
Def. interesting times ahead.