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Nova Fox
Gallente
Novafox Shipyards
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Posted - 2011.07.12 13:48:00 -
[1]
Well considering that the EU is going to hell in a handbasket as thier debt crisis there is dominoing as spain UK greece and soon italy are going to be protesting in the streets when the governemnts tell them they cannot afford to pay them anymore. Who knows?
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Nova Fox
Gallente
Novafox Shipyards
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Posted - 2011.07.12 15:55:00 -
[2]
Well time to add northern ireland to the list of failing european economies, I wonder when the rest of the UKs fall out when all those doctors from india decide to leave.
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Nova Fox
Gallente
Novafox Shipyards
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Posted - 2011.07.12 17:47:00 -
[3]
Just saying, when american non-world news reports that the UK's seperatist party are trying to move to fracture scotland away from the UK and reports all of these other riots on non-Fox channels you know its bad.
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Nova Fox
Gallente
Novafox Shipyards
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Posted - 2011.07.13 04:29:00 -
[4]
For those of americans and other folks outside the country that dont understand the political @#$%^ storm in america.
Repeat after me
The US cannot default if the debt limit is not increased. This default only comes when the US can no longer pay her bills (bonds, interest on the loans, and other finiacal obligations) which is the one thing to always continued to be paid for.during debt limits or government shutdowns along with other essential services, it would take a one way ticket to ruin with no return for this to happen. Just one political party is threatening to default the nation on purpose in order to get more money it wants to spend it elsewhere for additional votes at the polls. Either way raising the debt limit isnt as scary as the next loan being denied which is out of US political control.
In other words the US can no longer fund anything outside the military and continual infrastructure operation if debt ceiling isnt increased. So research funding, social funding and other stripends are no longer paid out and are requested to discontinue work.
There is rumor that the chinese manufacturing bubble might pop in a few years time though and when it does the entire world is going to feel that one.
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