News reports out today reminded us that there has not been an agreement of the Debt Limit being raised. A few months ago, the Dem/Reps could not agree ....shocking the whole country of course.
The Debt Limit was on "autopilot" with Obama. The printing press ran non-stop and now we are at $19.8 Trillion in fiscal debt. And when you run out of tax payer money (which was from a few months ago)....you again have the same issue --- you have to raise the Debt Limit.
Keep your eyes open in October -- see chart below how the money runs out
So what are the odds of healthcare, tax reform or the new White House Dinner menu passing .....very slim to NONE.
There will be a fight, so what does that mead to STEEMIANS ????
- there will be a fight in DC (CNN will love it....they are now joing a high school newspaper club)
- the world will lose confidence in the dollar "big time" (see it inching down now)
- the stock markets were jacked to all time highs becuase everyone knows it's going down with this mess
- SO....a lowered dollar and lack of confidence means.....drum rollllllllllll....rising crypto prices.
This is why you see Goldman positioning for lower crypto prices to file their criminal hands. There is so much turmoil in the banking system now, it being held together with Elmers Glue. Italy is on borrowed time. I am curious to see which excuse will be used.
This is why you see the "winds of war" breezing".
Normally -- they would turn on the printing presses and go to the bar. I think the Dems/Reps are looking for chaos and they will get it.
So the next 9 months will be a time to remember....hold your STEEM ....but you can be steamed at our politicians and make believe news.
Source:
http://www.zerohedge.com/news/2017-06-29/treasury-will-run-out-cash-mid-october-cbo-warns