N. Tru Bass: The Prognosis: Certain Doom for the U.S.

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U.S. economic Crash

Scribe:  N. Tru Bass

Email: ntb@thethinkering.com

 

The money is at its end in the United States and a new era will be reined in precipitated by a forced government shutdown used as a strategic pawn by the tea party faction of the Republican Party. 

The reduction of the working middle class and concentration of wealth over the last three decades has put a strain on the U.S. economy and the world economy.  America used to be a place that created things, made things and stagnation was never used to describe what was the largest/healthiest economy in the world. 

The Senate session isn’t in until noon Wednesday, and negotiations are at a critical point. 

Reality is even if a deal was made today it could take a day or two more for a deal to make it through the legislative process, the prospect of the U.S. government not meeting its debt obligations has economists around the world predicting certain doom. 

Fitch has made clear that maintaining the current path spells another credit rating downgrade.  We must remember that this was republican strategy, if it had a name it would have to be called the ‘crash and burn plan.’

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