The democRATs knew that they were busting through the debt ceiling when they passed the “Deficit Reduction Act”. If Republicans in the house are planning not to increase the debt ceiling then they need to get out in front of this and explain how they will prioritize spending without defaulting on debt payments. Why do they let the democRATs run circles around them with this stuff?
It will crash. You can only stretch the economic rubber band so far before it either snaps back or breaks.
I think they need to break the economy before 2024, to pave the way for the subjugation of the United States.
Well, Republicans will cave on the debt ceiling like they always do.
It was a joint effort by dems and gophers to get to this point in debt, inflation, spending, etc. The gop only cares about spending and debt when they don’t have power. McCarthy has been saying bring spending down to 2022 size, how about 2000 to start.
> Right afterwards, the Biden Administration will declare a temporary “default” on the U.S. Debt… <
That’s where they lost me. I do grant that the Biden administration is both stupid and reckless (a very bad combination). But predictions like that are right up there with, “Biden will cancel elections, and declare martial law.”
Possible, yes. But so improbable as to be kinda ridiculous.
Sounds like predicting Global Warming. It should have crashed years ago.
[The Stock Market Crash Will Occur Right After the Debt Ceiling Vote]
BidenDepression 2023
When is the Debt Ceiling vote? I probably skimmed the article too quickly
“...the day that House Republicans vote to not raise the debt ceiling. Right afterwards, the Biden Administration will declare a temporary “default” on the U.S. Debt, the stock market and bond market will immediately crash, and Republicans will be blamed.”
And if Republicans vote to RAISE the debt ceiling, a crash will come as well, and they will be blamed for it. See how this works? The GOP will be blamed by the Rat media regardless what they do.
But do know this, a collapse IS COMING!
Washington D.C. and the Golden Calf Deep State are going to feel the heat of a thousand nuclear explosions. Burn baby burn!
By law except in times of war all Trerasury debts get paid first.
That is why everybody invests in America.
Most all Treasury debt is held by Americans.
Y’all don’t want to Eff over your voters do you?
There will be NO default.
Modern stock market is like going to a casino.
Pretty silly to pay $200 for a stock that only pays
$7.00 per quarter.
You are gambling that that stock will
go to $250 next month.
Don’t give us what we want and we’ll ruin everything. Give us what we want and we’ll still ruin everything. Bite the bullet and don’t give them what they want. They’ve been asking for this for MANY years, so let’s get it on and see how they like it.
There’s a reason why Economists make lousy Wall Street prognosticators, and vice-versa. Both think they are smarter about the other’s profession than they are.
I manage money and it’s laughable how many people call a crash for years and years. Just like the Gold Bugs who are still trying to sell it as an inflation hedge, when it isn’t anywhere near what the Dow returns
Last 30 years
Gold
349 to 1,998 (5.82% Compounded, but if it is physical you have costs of handling and this does not pay any income like a dividend)
Dow
3,398 to 33,987 (7.67% Compounded, if in an index there’s a small annual management fee, and the dividends are not included in this tally)
Predicting crashes is like predicting climate change, maybe one day you’ll be right, but most of the time you look like Greta)
Well-it worked for them in 2008
“The Democrats have scheduled the stock market crash to take place the day that House Republicans vote to not raise the debt ceiling. Right afterwards, the Biden Administration will declare a temporary “default” on the U.S. Debt, the stock market and bond market will immediately crash, and Republicans will be blamed.”
The democrats don’t control the market. This is some “deep state, QAnon” stuff.
And there is no such thing as a “temporary” default. It’s akin to being pregnant—you either pay the bills or your don’t. And if Biden thinks it’s OK to “miss a payment” the men in the grey suits will pay a visit.
Whoever wrote this article is merely trying to stir the pot. It has little basis in reality.
Default now or later.
It does not matter, because default is as certain as the day is long.
If one tracks Precious Metals like I do, it’s obvious we’re falling off a cliff. A BIG cliff...
Highest they’ve been in my lifetime. Been in the PM game close to 20 years.
Of course, my IRA sucks rocks right now...
It isn’t going to take the House Republicans vote to not raise the debt ceiling.
Biden and party last two years of chaos mishandling bad judgement poor management is taking it’s toll the price tag has arrived for their actions aka crash.
Things are going to be bad for a long time.
Hillary Clinton with a grin
Marxists making big move