Wednesday 15th March 2017. U.S. Debt Ceiling deadline date..!!
DEBT CEILING
Next Wednesday will see a decision on the U.S. Debt Ceiling which currently stands at $20 trillion.
As you all know I am a huge fan of Trump and believe he is the right man for the job.
The Debt has to be at the top of his Presidency Agenda and the World will be focused on this Agenda next Wednesday.
The World is drowning in a sea of Toxic Debt and Derivatives and it is these that are weighing heavily on a fragile and broken Financial System.
Currently the U.S. is adding $4 of new Debt to achieve $1 of additional GDP.
This is simply crazy as it is no different than lifting a bicycle off the ground and peddling like crazy as you realise you are going no where.
As we get closer to the 15th March I expect to see Financial Markets continue their erratic behaviour and volatile trading, together with a total detach from fundamentals, as we have been witnessing since 2008.
Thanks again for reading.
Stephen
This post has been ranked within the top 80 most undervalued posts in the second half of Mar 09. We estimate that this post is undervalued by $3.68 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Mar 09 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.
In the UK our Government debt is around $2 trillion and rising - the Brexit negotiations will only add more debt to it - NOT LESS like it should!
$2 billion..!! Wow that is fantastic..... it was $1.7 trillion yesterday..!! Stephen
Thanks for the TYPO! Corrected!! It'll be $2T after the re-elected Donald Tusk castrates us like he did his own Poland! The Poles need Polexit to shaft it him back!
... oh! and Hugrexit too ... the Magyars hate Tusk too!
Ahh... I'm just waiting for the bubble to pop. Thank god for cryptos :)
Fasten your seat belts!!!