Financial Standard Comments - No way USA can't repay It tells you that no one really believes the USA will no longer be AAA because it cannot pay its debts. https://www.financialstandard.com.au/feed/latest?story=12143353 Wed, 27 Jul 2011 14:52:12 +1000 Wed, 27 Jul 2011 14:52:12 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by Alex Blanca () It is predictable that Congress will once again merely delay the inevitable and raise the debt ceiling, after the usual rhetoric about controlling spending, making cuts, and yes, raising taxes. We have heard endless warnings about how irresponsible it would be to "shut down the government." The implication is that sober, rational, mature pundits and politicians understand reality, while those who oppose raising the debt ceiling limit are reckless ideologues who will harm the economy just to make a point.

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]]> Alex Blanca () Wed, 27 Jul 2011 14:52:12 +1000 Comment by Brian Howard () "Because the US dollar remains the most dominant international reserve currency" -???
- Benjamin, how many world reserve currencies are you counting? All jokes aside, I truly wish we were fortunate enough to have ANY currency worth replacing the US dollar but, as time will shortly show, none of them are up to the task and all will eventually fail due to government largess and lack of discipline. Pollies too eager to please the voters with lies and deceit. Got gold?

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]]> Brian Howard () Thu, 28 Jul 2011 00:57:42 +1000