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 http://en.wikipedia.org/wiki/Koch_Industries )

Their ideology :

See http://www.kochind.com/MBM/default.aspx .

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

Regards

Andre