US Treasury Secretary Janet Yellen warns against debt ceiling talks with ‘gun to the head of the American people’

[Menthol]

It's just a drama.

Do you believe USA is going to default on their debt?

Since the first time the issue rose... The decision is already being made.

Print MOAR FREE MONEY!!!

But first, we need a drama that USA is going bankrupt to fool the public.

And here it is.

 

[MH.Yang]

That's exactly what's going to happen.

I do however find it rather interesting that Republicans only seem to care about the debt ceiling when a Democrat is president.

The economy of this world has three huge bombs. One is the treasury bond of the USA, one is the real estate of China, and the other is the debt of Japan.

Now, the transaction volume and prices of real estate in China have stabilized, and this bomb has been basically eliminated. The US debt also has the ability to continue pushing into the future.

However, Japan's debt is already very dangerous, but many people still haven't noticed it.

Even worse, the Japanese government lacks the capabilities of China and the USA, and they are even unable to push bombs into the future. Japanese debt can also destroy the global economy, but everyone still pretends not to see it. The US debt problem is more like a diversion show for the Japanese govt.

 

[MH.Yang]

It's just a drama.

Do you believe USA is going to default on their debt?

Since the first time the issue rose... The decision is already being made.

Print MOAR FREE MONEY!!!

But first, we need a drama that USA is going bankrupt to fool the public.

And here it is.

In recent years, the US government dare not print any more money, and they can only find other ways to sell new treasury bond.

In fact, I think they will make concessions to China in exchange for China's purchase of US treasury bond bonds.

In fact, China also has a certain willingness to buy US treasury bond. In April of this year, China's trade surplus increased by 96.5% to reach $89 billion. China's trade surplus is likely to exceed 1.1 trillion US dollars this year. China needs investment channels to consume so much newly added foreign exchange. But it is already difficult for China to find new investment points. Even the B&R program invested worldwide has only consumed $4 trillion in 10 years. So, if the US govt's conditions are attractive enough, the Chinese govt may reconcile with the US govt and purchase US bonds.

 

[renhai]

Good luck to the United States.

 

[Menthol]

USA, will never ever hit the debt ceiling.

The real debt ceiling is in willingness not to take another debt, and to accept the consequences.

Which is foolish.

30T of debt?

Well, it's not yet reached 60T, so what?

And if one day it hits 60T, well it's not yet hit 100T.

Then 100T, 1000T, 1000000T, so?


USA just wants to make the story to be dramatic.

Like trying to pretend to be scared and extremely worried about trying to touch the 'forbidden fruit', while the truth, the fruit is actually not forbidden and can be freely touched.

It's to fool the rest of the world, like you and me.

 

[Menthol]

Oh, the drama!

What a liar!

Now, the question... What are the consequences for USA to raise the debt ceiling?