Sunday, July 17, 2011

Could the US - DEFAULT?

Reading about the horrible numbers coming out of the United States = and if there is no budgetary deal by August 2/3rd = the US could default.
What would it look like?

UH, not nice.

No Social Security checks, food stamps (1/4 of US Population get some form of a check from Uncle Sam) - even the Troops would not get paid.

The loss of confidence in US Treasuries will gut the world Financial system.
Gut it, like a trout.

Canada does 70% of our business with the Broke States.

We have NOTHING to be smug about.

Watch interest rates in Euro Zone. 30% in Spain!!!

Things are getting tight.

Buy a house now? Lock in at cheap rates? Are you nuts?

No comments:

Post a Comment