Sunday, October 06, 2013

US Credit Ceiling default Oct 2013

Andre Willers
6 Oct 2013
Synopsis :
I strongly urge you to take into account a US default on Oct 17 2013 on your personal finances.
Discussion :
It is an Ideological issue .
All stock markets will fall heavily in the run-up and event .
The dollar  will fall heavily .

Recovery will happen 
Why ?
The present attempt to block the Credit Ceiling raise is ideological , not just petty politics or money .

The main funder of the Republican faction is Koch Industries . (See )

Their ideology :

Pay special attention to Charles Koch's two speeches .

He is right . Increasing debt without limit is the road to ruin .

But the surgery will be traumatic .

Batten down the hatches



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