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U.S. DEBT CAUSING CONCERN.

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U.S. DEBT CAUSING CONCERN.

Post  Panda on Thu 9 Jun - 11:36



China has warned the U.S. it is playing with Fire by not raising the borrowing limit. Republicans will not agree unless Democrats rethink some of their
spending Cuts. Meeting today, if the Parties do not agree several Countries have warned of repercussions and possible downgrading. I think the U.S.
debt is something like $143 Trillion......how are they ever going to pay that back.? Also, because there is a split in OPEC Countries and the price of OIl
is spiralling, the U.S. is considering using it"s reserve of Oil

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Re: U.S. DEBT CAUSING CONCERN.

Post  Angelique on Thu 9 Jun - 22:51

Its looking like a virtual World Crash - if this goes on it will be a free for all and the first one to "blink" will go under.

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Re: U.S. DEBT CAUSING CONCERN.

Post  Panda on Thu 9 Jun - 23:27



For the first time it looks like America is not the No. 1 Economy in the World and emerging Economies like China, Brazil, India will dominate. I think
what this Financial crisis has proved is one Currency does not fit all and I just wonder where all this money is coming from to bail out these Countries.

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Re: U.S. DEBT CAUSING CONCERN.

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