“Boom!” – Mark Baum, into mic, as financial crisis begins to deepen (from the movie “The Big Short”)
Here we go again!
I’m sorry, again, for posting this and making you think. I know most of you don’t really like to think too much. I
know, I know what you’re saying, “You’re such a buzz kill dude!” But food for thought, and bear with me here,
Bob, Bob, but what if, say, the party ended and reality set it. Say the flow of booze, drugs, dancing, and sex suddenly
stopped; the internet collapsed and every economy on the planet crashed like dominoes. How deep is your knowledge
without Google to prop you up?
Sorry, sorry, I know your getting a headache (see
) and it’s a real buzz kill, but you might want to think about why the
Fed vice chairman abruptly resigned and think that he might know something you don’t.
So, just follow some of these links and make your own conclusions. Oh, and by the way, if after reading this it makes
you want to go out and build a bunker, purchase gold, and head down for more shotgun shells, realize there are plenty
of people who have already done this and are way ahead of you.
Ahead of a looming intraparty fight, House Speaker
Paul Ryan on Thursday insisted the United States will raise the debt ceiling to avoid a default.
“We will pay our debts and we will make the debt limit,” the Wisconsin Republican told CNBC from a Boeing
factory in Washington state, where he was promoting tax reform.
“I’m really not worried about getting this done because I know we will get this done and we will pass the
increase before we hit the debt limit,” he added.
The U.S. government needs to increase its borrowing limit before the end of September or risk defaulting on
“Failure to raise the debt limit would likely be more catastrophic to the economy than the 2008 failure of Lehman
Brothers and would erase many of the gains of the subsequent recovery,” said Beth Ann Bovino, chief economist
at S&P Global Ratings. –