US Economic Collapse

**Platypus** · 15 October 2013, 16:02

They've already said they will lift the ceiling in time IIRC

**Doggy Styles** · 15 October 2013, 16:02

I see it as an opportunity.

**d000hg** · 15 October 2013, 16:08

It's a non-story.

**scooterscot** · 15 October 2013, 16:12

However, did you notice

The time between these revisions to increase the debt ceiling reduces and reduces. A bit like contractions and then one day - boom.

It's like watching the world's slowest car crash and my is it boring.

**amcdonald** · 15 October 2013, 16:19

Originally posted by scooterscot View Post

It's like watching the world's slowest car crash and my is it boring.

But enough about the Scottish independence issue

**centurian** · 15 October 2013, 16:24

Originally posted by Platypus View Post

They've already said they will lift the ceiling in time IIRC

And every country that has defaulted - has vehemently insisted that they won't default - right up until they default.

I agree it's highly unlikely, but the problem with leaving things until the 11th hour - is that it only takes one highly unexpected turn - and suddenly they are out of time.

**AtW** · 15 October 2013, 16:29

USA defaulted in the past.

Don't think it will happen this time...

**scooterscot** · 15 October 2013, 16:30

Originally posted by amcdonald View Post

But enough about the Scottish independence issue

Except this is not a crash -

It's a rebirth.

**BrilloPad** · 15 October 2013, 17:27

Originally posted by russell View Post

If the politicians can't sort out their differences soon and the debt ceiling is not lifted there could be a default event on the most important reserve currency. Also mark the moves by UK to allow sterling to be directly convertible to the RNB. How bad could it get?

You mean things can actually get any worse?

US Economic Collapse