Monday, October 14, 2013

AMERICA DEFAULTING ~ US default would be a catastrophic event for Global Economy


The winner will be Europe. A collapse of the US would force Europe to accelerate the process of integration to become one united entity simply because someone would have to fill that power vacuum on the geostrategic map and Europe is the only candidate. In comparison China would be too small and too weak to replace the US. We will see a power shift from the US back to Europe in the coming years. Everything goes according to plan



In just 3 days, the US will be forced to make a decision that will affect the entire global economy. If lawmakers don't find a way to re-open the frozen government, and then agree to raise the national debt ceiling, if that happens, the shock would be felt well beyond its own borders. For more on the potential price of this political stalemate in the US and its effect on the global economy, RT is joined by economist Peter Westin.

The John Moore Show 10/14/2013

The John Moore Show 10/14/2013

The John Moore Show 10/14/2013

JPMorgan CEO Jamie Dimon on Default: Let's Not Shoot Ourselves in the Foot



Oct. 14 (Bloomberg) -- JPMorgan CEO Jamie Dimon discusses the U.S. debt ceiling. (Source: Bloomberg)


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