Message:

<p>[QUOTE=&quot;Ainslie Bullion, post: 2260501, member: 75209&quot;]In one week today the world’s biggest economy cannot pay its bills if Congress does not approve yet another higher debt limit.&nbsp; We reported in the Weekly Wrap back in March 2015 when the US hit their current debt limit of $18.1 trillion, and since then they have survived on ‘emergency cash funding’ / accounting games leaving no more avenues come Tuesday next week but to simply borrow more for their continual budget deficits (spending more than income).</p><p><br /></p><p>GOP’s John Boehner expects a new limit of $19.6 trillion with a review in March 2017 to be tabled.&nbsp; The graph below puts this latest figure into perspective.&nbsp; That perspective of course is an exponential rise in debt as the Ponzi scheme accelerates in its final throes.</p><p><br /></p><p><img src="https://www.ainsliebullion.com.au/Portals/0/us%20debt%20limit%202015.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>US Treasurer Jack Lew warned yesterday of the consequences should we see the games of 2013 replayed, and that doing so could result in an accident &quot;that would be terrible.&quot;&nbsp; In 2013 the US Government shut down for 16 days resulting in a 0.3 impact on GDP and accompanying employment.&nbsp; The problem, as Lew alludes, is this times it’s potentially much worse.&nbsp; The cartoon below sums up this farcical situation…</p><p><br /></p><p><span style="color: #ff0000">Removed as political rant!&nbsp; Read the rules!</span>[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in