If and when the United States defaults within 5-10 years , the national debt will reach well over 20 trillion U.S dollars. Already there is no way the U.S government can pay foreign bond investors, basically the U.S government has sold Germany, Japan, China and the rest of the world junk bonds that will be worthless within the next 5 years.
Indian Call Centre and Computer Scam OPERATING WORLD WIDE
Quite often, the person calling will try to mask their India accents and try to use English names to convince you that he/she is from somewhere in North America or Europe.
Over the last several years, there have been tons of SCAMS from India call centers that target peoples PCs, stealing credit card information (this happened to me), bank account information and identity theft.
Jim Rogers has some great insights based on logic, common sense and history, while the idiots running the American economy is in fantasy land and are mis-managing everything.
Watch the video, and know what is coming down the pipe , in terms of the world economy in the next few years.
Other U.S Government departments are affected by government shutdown like NASA. A few days of no work for more than 10 million Americans is going to impact the U.S economy in a big way.
It basically means these people will be tightening their belts.
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.
