Web Toolbar by Wibiya
Login | Sign Up AnonymousUser
twiter
New to Comunitee?


or Sign Up with Email

Business

>> REPUBLICAN PARTY Latest News

OCT 08, 2013 - Zero Hedge

A Must Read - Share

12 Ominous Warnings Of What A US Default Would Mean For The Global Economy

Submitted by Michael Snyder of The Economic Collapse blog, A U.S. debt default that lasts for more than a couple of days could potentially cause a financial crash unlike anything that the world has ever seen before.  If the U.S. government purposely wanted to damage the global financial system, the best way that they could do that would be to default on U.S. debt obligations.  A U.S. debt default would cause stocks to crash, would cause bonds to crash, would cause interest rates to soar wildly out of control, would cause a massive credit crunch, and would cause a derivatives panic ... Read More

Tags: 12 Ominous Warnings Of What A US Default Would Mean For The Global Economy,  Republican Party Latest News