The nation's debt ceiling will be raised: the only questions are how, when, and by whom. In the end, it won't matter: it merely signals the insolvency of this country anyway, and we are too far down the rabbit hole of debt hell to reverse course.
The US will continue to pile on debt--until buyers are exhausted, which they've already shown an inclination for. The Fed is now the buyer of last resort, and when they are the ONLY buyer of US Treasury debt, the end game of bankruptcy will reach our shores.
The USDollar itself is on death's doorsteps. Hello, $1000 loaves of bread and $1000/gallon of fuel.
http://blogs.marketwatch.com/capitolreport/2013/09/25/if-all-else-fails-obama-will-raise-debt-ceiling-himself-analyst/
Saturday, September 28, 2013
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