Post by
dart321 on May 25, 2023 12:04pm
The World Is Headed
into a financial melt down the likes of which it has never seen before. The republicans have until the end of today to stop playing around with the U.S. debt. If they don't stop this and do nothing today it will be to late to pass legislation through the house and senate in time. Banks around the world use U.S. bonds as colatoral towards their own loans. If the U.S. defaults those bonds become junk bonds which are not colatoral which in turn will cause all banks using these bonds in this way to stop making any loans causeing the worlds financial institutions to freeze up lasting atleast months if not a year or more. Loans for mortgages, car loans, lines of credit all will explode up with banks using U.S. bonds this way. This is world wide not just the U.S. hold on tight folks and pray it doesn't happen and the republicans come to some common sense. LOL I know that's asking for the world for them to get a grip !!!!!!!!!!!!!!