Like the previous debt ceiling debates by U.S Congress, this one is probably going to go down to the wire.
October 17th is the deadline…I think and just before that date they are going to decide to raise the debt ceiling and call up “Helicopter Ben”, Ben Bernake to fire up the U.S dollar printing press and print a few more trillion dollars. Hey let’s just create money out of thing air.
In last few years the Euro Zone has been deteriorating. First to head for recession and then depression was Greece, then Cypress, Spain and Portugal. Unemployment at many of these countries now exceed 20%.
The U.S media hasn’t broadcasted a whole lot about this but now here comes France…one of the largest economy in Europe. France, economy is burden by huge debts and the economic slowdown continues.
The current instability in South East Asia will add a lot of uncertainty and fear in the global markets. India, Malaysia and Indonesia markets are now experiencing increase volatility and downward movement.
This can be the start of a fearful market psychology that can affect the U.S stock markets. Keep a watchful eye over the 2nd half of 2013.
Jim Rogers talks about Americans electing a charismatic president and believe everything he says, while in the background the government is destroying America’s economy and taking away human rights of citizens.
More people in the United Kingdom are having financial difficulties more than ever, things are really bad…people have loss their jobs and new jobs are scarce.
People in the U.K have really high debt and living expenses are high as well. They are feeling squeezed more than ever.
The U.K government earlier on imposed austerity (cut back on spending) and the economy went into recession, now the U.K government is trying to print money to help boost the economy, but this move will increase the government debt.
Marc Faber is right about American medley and sticking their noses into other countries business like Japan-China , Vietnam-China and Philipines-China. The Americans are already increasing their military presence in Asia.
It is almost as if the American government is getting ready for global conquest to take over the world.
America has already engaged in wars all over the middle east in the last decade or so…next thing you know they will be sending troops to Africa.
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