Urgent – US Default?
London, UK - 13th October 2013, 16:30 GMT
Dear ATCA Open & Philanthropia Friends
[Please note that the views presented by individual contributors are not necessarily representative of the views of ATCA, which is neutral. ATCA conducts collective Socratic dialogue on global opportunities and threats.]
CEO bankers gathered in Washington, DC warn of dire consequences if US defaults. Talks between President Obama and the House break down. Time's running out for Congress as deadline looms this coming Thursday, 17th October. Senate begins new peace initiative but still needs support of the House before ratification. Republican party totally split between GOP moderates and Tea Party and inching ever closer to internal civil war and mass suicide? Financial markets are now likely to throw a fit on Monday and keep going down until a deal gets done, taking almost all global markets down with them. Procedural issues make it difficult for any ratification to take place before Wednesday/Thursday. Very tight, very close to call now according to the US Treasury. Playing with fire... and it is the rest of the world -- especially the trillion dollar creditor nations China and Japan -- that will catch the cold before America! Towards total chaos...
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