Without a budget in place, the US government has run out of the cash needed to pay thousands of government workers in Washington and keep national parks open. But this week an even more critical issue comes to the fore. On Thursday, the country will be forced to default on its $16.8 trillion in borrowings if it does not secure a rise in the debt ceiling.
World’s top bankers warn of dire consequences if US defaults
Three of the world’s most powerful bankers warned of terrible consequences if the United States defaults on its debt, with Deutsche Bank chief executive Anshu Jain claiming default would be “utterly catastrophic.”
“This would be a very rapidly spreading, fatal disease,” Jain said on Saturday at a conference hosted by the Institute of International Finance in Washington.
China Moves To Replace The U.S. With the Euro As The World’s Reserve Currency. Now you know what is really going on! Its Over!
China Moves To Replace The U.S. Dollar As The World’s Reserve Currency…
China is setting the stage to become the new world reserve currency. As Obama crushes the United States with Debt, China makes a move to Internationalize their currency for world trade and lending purposes.
THIS is an indicator that the global banking cartel has made their provisions for the time when the US defaults on their debt to the Federal Reserve….and just to be clear…CHINA is a part of the banking cartel in so much as they do business with HSBC ( wikipedia that) and further, be aware that both congress and the POTUS are very clear about what is coming down the Pike, for YOU.
YOU should. Prepare for Economic Disaster and know this: The Trans Pacific Pact will destroy YOUR vote, your rights and ALL countries rights to self govern. America will be the most hated country on the planet. As an American, YOU represent this predatory creeping Empire Building. Dont like it? Then CHANGE IT…..now, before you cannot.
China and the European Union today signed a 350 billion yuan (45 billion euro) currency swap agreement, a major step in pushing international use of the Chinese currency yuan.
The deal, signed between the People’s Bank of China and the European Central Bank (ECB), aims to support bilateral trade and protect financial stability, an official statement here said.
The central banks of China and the European Union have agreed to supply each other with their currencies.
The deal is aimed at accelerating the internationalization of China’s currency, the yuan, and increase trade and investment between the country and the eurozone.
The People’s Bank of China said on Thursday that it concluded the currency swap with the European Central Bank……..
China Buyout: Beijing firms snap up European industries
China: ‘De-Americanized world needed’ This is it!!
“As US politicians of both political parties (fail to find a) viable deal to bring normality to the body politic they brag about, it is perhaps a good time for the befuddled world to start considering building a de-Americanised world,” the commentary on state news agency Xinhua said.
In a lengthy polemic against American hegemony since World War two, it added: “Such alarming days when the destinies of others are in the hands of a hypocritical nation have to be terminated.
Debt Ceiling: China Calls for World to Be ‘De-Americanised’
London as a centre for renminbi business
London-Hong Kong: building the offshore RMB market