SG Talk

The Republican party controlling Congress will take the whole country hostage by refusing to up the debt ceiling and link to legislation to hurt their political opponents

The last time they do this it caused the US credit rating to fall.
But the republican don't care so long as they have their way.

High chance they will damage the country again.

aiyeah

in hell

nothing is smooth

cause this is not heaven


if today dont crash
tomorrow will

even in china before the communist came to power
china was a vibrate market
communist came and people runs china market crash

it is everywhere


the intriguing question is WHEN not IF

The end is near...

https://www.bbc.com/news/world-us-canada-65452444

Raise no raise no different already, more and more investors are not buying US bonds.

Fed no longer neutral… Already Lost their reputation.

More countries will join BRICS to come out Global currency.

(02-05-2023, 12:37 PM)sgbuffett Wrote: [ -> ]The Republican party controlling Congress will take the whole country hostage by refusing to up the debt ceiling and link to legislation to hurt their political opponents

The last time they do this it caused the US credit rating to fall.
But the republican don't care so long as they have their way.

High chance they will damage the country again.

When Trump was POTUS, Democrats controlled Congress played the same game. 


That is Assmerica! 

(02-05-2023, 12:55 PM)cityhantam Wrote: [ -> ]When Trump was POTUS, Democrats controlled Congress played the same game. 


That is Assmerica! 

During Trump time republicans controlled Congress and they pass debt ceiling

When someone else I'm hovt the Republican use debt ceiling as a tool.

The debt ceiling is go raise to pay  debt already incurred it is not for new debt.

A
Clarification below

During the Obama presidency, Republicans used the threat of the U.S. defaulting on its loans to force sharp budget cuts to nonmilitary spending. And now they’re set to do the same to President Joe Biden as Congress prepares to pass the cornerstone of his economic agenda.


However, when Donald Trump was in the White House, and the GOP controlled Congress, the debt ceiling apparently was less of a concern. The cap on government debt was boosted under Trump first in late 2017 for three months in a deal with the Democrats. That had to be raised again — thanks to the GOP’s huge tax cuts for the wealthy and businesses — as part of a broader spending bill he signed in 2018. Then, after Democrats took control of the House in 2019, Trump signed a budget that suspended the debt ceiling, then $22 trillion, entirely until this July.

We’ve clearly passed that point on the calendar by now — and Republicans have suddenly started warning that they won’t support another boost to the debt ceiling. "I can't imagine there will be a single Republican voting to raise the debt ceiling after what we've been experiencing," Senate Minority Leader Mitch McConnell, R-Ky., told Punchbowl News in July.
Bear in mind that raising the debt ceiling doesn’t approve more spending or even endorse old spending — it just allows the U.S. to keep paying the debts that have already been incurred and raise more money to pay for federal appropriations. As of July 31, the total spending subject to the ceiling totaled about $28.5 trillion, according to a Congressional Budget Office estimate.

Sure raise. No default.

No one trusts USD ...... so why buy their bonds ....

(02-05-2023, 01:05 PM)sgbuffett Wrote: [ -> ]During Trump time republicans controlled Congress and they pass debt ceiling

Nancy Pelosi is a Democrat lah!

(02-05-2023, 01:20 PM)Tangsen Wrote: [ -> ]No one trusts USD ...... so why buy their bonds ....

guess who controls all the world banks

china is not trusted by the world banks

There is no problem at all if ceiling is not raised, the rates rise will absorb any tremors and the markets will boom boom boom

(02-05-2023, 01:57 PM)grotesqueness Wrote: [ -> ]guess who controls all the world banks

china is not trusted by the world banks

https://en.wikipedia.org/wiki/List_of_largest_banks

China occupy first 4 spots. US largest bank can only smell their backside.

(02-05-2023, 12:41 PM)grotesqueness Wrote: [ -> ]aiyeah

in hell

nothing is smooth

cause this is not heaven


if today dont crash
tomorrow will

even in china before the communist came to power
china was a vibrate market
communist came and people runs china market crash

it is everywhere


the intriguing question is  WHEN not IF

Lanjiao la.. stop yr BS crap

(02-05-2023, 02:00 PM)sgh Wrote: [ -> ]https://en.wikipedia.org/wiki/List_of_largest_banks

China occupy first 4 spots. US largest bank can only smell their backside.

you dickhead

those banks support these strong currency

Top 16 Strongest Currencies in the World | CMC Markets

CHAI-NA YUAN is NOT IN IT


noone wants stinky Chow Cheese Pie (CCP) YUAN

Who bothers? As usual wayang wayang wayang, then approved last hour. Business or money printing as usual.

(02-05-2023, 01:57 PM)grotesqueness Wrote: [ -> ]guess who controls all the world banks

china is not trusted by the world banks

Thats why no one trust them you fugg head ... everyone joining BRICS
World bank is just white hill billy white traxhes proxy loan shark

(02-05-2023, 02:37 PM)Tangsen Wrote: [ -> ]Thats why no one trust them you fugg head ... everyone joining BRICS
World bank is just white hill billy white traxhes proxy loan shark

world bank does not support YUAN 
STINKY YUAN NO NOBODY WANTS

Top 16 Strongest Currencies in the World | CMC Markets

YUAN NOT IN THE LIST


STINKY YUAN NO NOBODY WANTS