Debt deal: World relief, but IMF warns US on 'stable management' of finances
"The world reacted with relief Thursday to the last-minute deal to raise the U.S. debt ceiling, but there were signs the drawn-out process has undermined confidence in America's global standing in both finance and politics.
The International Monetary Fund (IMF) urged Washington to build a more stable management of U.S. finances, mindful that Wednesday night's deal only suspends the debt limit until Feb. 7.
“Looking forward, it will be essential to reduce uncertainty surrounding the conduct of fiscal policy by raising the debt limit in a more durable manner,” said IMF boss Christine Lagarde."
US budget battle: IMF's Christine Lagarde warns America's lawmakers they risk pushing world into recession
Well they kicked the can down the road for another three months but what will it mean but another "crisis" in January? This isn't planning ahead. The whole thing was showboating, the elites probably want to clean out the money in social security and pensions as well. Their greed has no end. Interesting now we have the IMF globalists trying to "tell" America to get it together.
China is calling for the world to switch to the yuan, many of us knew about this some time ago, but not its in the mainstream news.
China calls for dollar to be replaced as global reserve currency
China's State Press Calls for 'Building a de-Americanized World'
Course this begs the question, can China survive without any Americans able to afford their products? Maybe so they have a lot of people and a growing middle class, but it makes an interesting question.
How is this supposed to end well? I find myself thinking all the "debt" stuff is to just make people afraid so they can continue more of their rape of the USA economy using this place as a money-till for clean out. Up next social security and then pensions.
Then there is this...
I remember telling people 4 years ago, the American economy and global economy was on the way to collapse. I have written about it here even three years ago. Many in real life mocked me or told me this was just a bunch of conspiracies. The powers that be seem to be setting up a world wide economic collapse to institute a one world economy and government. Can you imagine talk of a default even 20 years ago?
Many American people do not want to know and still do not want to know [the ones still doing okay enough not to notice.] The real unemployment rate is far higher then what they are admitting. Many really can't prepare and are just trying to scrape by paycheck to paycheck or check to check. Even if preppers condemn them for not getting ready if there is no expendable income for extras, there simply is not. Americans are even trying to sell their own body parts to make ends meet. That's sick and sad.
All the puzzle pieces seem together for a default, or the powers that be pushing a world war, just think of history and how the economy was nose-diving before major wars. Think of Germany circa 1933. Put the puzzle pieces together, what is the reason for all those military internment camps, militarization of the police and other laws like NDAA they have passed?
The economic system seems to be one graft system.
From Zero Hedge: [double click to enlarge or go to link to enlarge]
One thing in this world, is never depend on any economic system as lasting forever. The lessons of history state that economies fail, all one has to do is read about Argentina in our modern world to see a small taste of what could await America if the whole house of cards collapses on itself.
The rich ruleth over the poor, and the borrower is servant to the lender.