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The world's most powerful bankers warn of terrible consequences if the U.S!!!

 
Luisport

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10/12/2013 02:35 PM

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The world's most powerful bankers warn of terrible consequences if the U.S!!!
Business Insider ‏@businessinsider 4 min
The world's most powerful bankers warn of terrible consequences if the U.S. defaults [link to read.bi]
Luisport (OP)

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10/12/2013 02:36 PM

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Re: The world's most powerful bankers warn of terrible consequences if the U.S!!!
Russian Market ‏@russian_market 1 h
No, they will not downgrade USA to Selective Default today.

Why?

Because.. becase it's Saturday.

#whenAsianMarketsOpen
Anonymous Coward
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10/12/2013 02:37 PM
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Re: The world's most powerful bankers warn of terrible consequences if the U.S!!!
Russian Market ‏@russian_market 1 h
No, they will not downgrade USA to Selective Default today.

Why?

Because.. becase it's Saturday.

#whenAsianMarketsOpen
 Quoting: Luisport


So when is the downgrade then?

And what is SELECTIVE default?
Luisport (OP)

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10/12/2013 02:39 PM

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Re: The world's most powerful bankers warn of terrible consequences if the U.S!!!
A "selective default" occurs when a borrower fails to pay one or more of their obligations BUT continues to meet other payment obligations.

For instance, a country may enter into "selective default" and fail to make payments on one class of obligations but continue to make good on every other debt obligation.


[link to www.davemanuel.com]
Anonymous Coward
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10/12/2013 02:41 PM
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Re: The world's most powerful bankers warn of terrible consequences if the U.S!!!
A "selective default" occurs when a borrower fails to pay one or more of their obligations BUT continues to meet other payment obligations.

For instance, a country may enter into "selective default" and fail to make payments on one class of obligations but continue to make good on every other debt obligation.


[link to www.davemanuel.com]
 Quoting: Luisport


What would that do to the stock market?
An Ordinary Greek

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10/12/2013 02:43 PM
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Re: The world's most powerful bankers warn of terrible consequences if the U.S!!!
Hey Luis, time to send our "Troika" to the USA and teach them how to impose austerity.toungetoungetoungetounge
Luisport (OP)

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10/12/2013 02:43 PM

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Re: The world's most powerful bankers warn of terrible consequences if the U.S!!!
Michael Tackett ‏@tackettdc 7 min
Big money now telling lawmakers the "catastrophic" stakes of default [link to bloom.bg]
Luisport (OP)

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10/12/2013 02:47 PM

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Re: The world's most powerful bankers warn of terrible consequences if the U.S!!!
The Campo Group, Ltd ‏@CampoGroup 9 min
#WhoseDefaultIsIt?
#Obama rejects #House #GOP #Ryan plan of short-term extension of #Debt Limit for spending cuts discussion..

The Campo Group, Ltd ‏@CampoGroup 10 min
#WhoseDefaulIsIt? #Senate "Clean #CR & #Deblt Limit falls 7 votes short of passage. Also rejects #moderate Susan #Collins 6 month extension
Luisport (OP)

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10/12/2013 02:51 PM

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Re: The world's most powerful bankers warn of terrible consequences if the U.S!!!
zerohedge ‏@zerohedge 2 min
Wow: Schumer Says He Worries About Monday Stock Drop on Default Risk. Nevermind the economy but don't kill the Russell 2000
Luisport (OP)

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10/12/2013 02:57 PM

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Re: The world's most powerful bankers warn of terrible consequences if the U.S!!!
zerohedge ‏@zerohedge 12 min
Dealer Bill holdings [link to www.zerohedge.com] …
Luisport (OP)

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10/12/2013 03:05 PM

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Re: The world's most powerful bankers warn of terrible consequences if the U.S!!!
Bloomberg News ‏@BloombergNews 26 s
Global finance chiefs chastise U.S. for gridlock identified as biggest threat to world economy | [link to bloom.bg]
Anonymous Coward
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10/12/2013 03:14 PM
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Re: The world's most powerful bankers warn of terrible consequences if the U.S!!!
For the life of me I can not believe this will continue much longer.. they will all cave while all taking credit for fixing the mess and blaming the other side... what a joke...
G3
G3

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10/12/2013 03:29 PM

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Re: The world's most powerful bankers warn of terrible consequences if the U.S!!!
bump
Luisport (OP)

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10/12/2013 03:30 PM

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Re: The world's most powerful bankers warn of terrible consequences if the U.S!!!
zerohedge ‏@zerohedge 3 m
Chuck Schumer's "Bottom Line": Don't Hurt The Stocks [link to www.zerohedge.com]
Anonymous Coward
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10/12/2013 03:32 PM
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Re: The world's most powerful bankers warn of terrible consequences if the U.S!!!
The US has already defaulted.

Kicking the can down the road, year after year, qualifies as DEFAULT.

What the banks are really saying is, "Don't let the people know they are fucked."
Anonymous Coward
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10/12/2013 03:39 PM
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Re: The world's most powerful bankers warn of terrible consequences if the U.S!!!
"This would be a very rapidly spreading fatal disease" Jain said...

I don't think anybody would get sick...Bankers are fucking dumb
Luisport (OP)

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10/12/2013 03:40 PM

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Re: The world's most powerful bankers warn of terrible consequences if the U.S!!!
...Uranus is coming to its fourth (of seven) passage of its three-year waxing square to Pluto (in Capricorn) on November 1. This is the middle of this most intense geocosmic signature of our lifetime. Everyone is feeling it. It feels like being stuck in a vice that keeps turning tighter and tighter. There is no relief, and there can be no relief if national leaders refuse to communicate and resolve differences with one other. But it is more than that.


It is also the middle of the Saturn transit through Scorpio, October 2012-September 2015. Saturn rules Capricorn and Pluto rules Scorpio, so they are in each other’s ruling sign, known as a “mutual reception.” That makes their dynamics doubly strong now. Both Saturn and Capricorn pertain to accountability. Both Pluto and Scorpio pertain to revelation – bringing to light that which has been hidden or done behind the scenes, often for purposes of control and power. Pluto rules debt, and hence right now – the middle of the three-year Uranus square Pluto aspect, and the middle of Saturn in Scorpio transit - is the “time of reckoning,” as described in the past two Forecast books. It is not surprising that right now, the world financial system is at a critical precipice. It is not surprising that national leaders have dug their heels in and refuse to negotiate or compromise, especially in the USA, for their chart (July 2 or July 4, 1776) has the Sun-Saturn in a square, creating a grand square to the transiting Uranus-Pluto square that peaks in April 2014.


This is how revolutions and revolts start. Uranus square Pluto is symptomatic of governments that become dysfunctional, where opposing sides elected to govern refuse to negotiate with one another. Uranus (technology) square Pluto (spying) is also symbolic of governments that watch you, collect information on your private life without your consent (think NSA). There is so much going on behind the scenes (Pluto in Capricorn) involving money – huge sums of money – and currency itself. It may be one reason why the USA wants to negotiate with Iran, for Iran threatens to accept payment for oil only in Euros - and not U.S. Dollars – and the USA cannot let that happen lest it is prepared to fall. This is the world drama of Uranus square Pluto, and Saturn in Scorpio, 2012-2015.


And right now is the midpoint, when the Libra New Moon touches off that Uranus-Pluto square near its middle passage. And in two weeks, when the debt ceiling will be breached in the USA unless there is a breakthrough first, will be the lunar eclipse in late Libra, making a grand square to the USA Mercury-Pluto opposition (censorship of news stories?). And two weeks after that (November 3) is the solar eclipse, conjunct Saturn in Scorpio, all the while as Comet Ison - the so-called “Comet of the Century” – continues to barrel to its closest rendezvous with Earth in late November. This is “The Time of Reckoning.” ...
[link to www.mmacycles.com]
Anonymous Coward
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10/12/2013 03:43 PM
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Re: The world's most powerful bankers warn of terrible consequences if the U.S!!!
the bankers are worried about the psychological impact on the populace, a tear in the thin frail fabric, rather than the integrity of the system that feeds them
Useless Cookie Eater

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10/12/2013 03:46 PM

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Re: The world's most powerful bankers warn of terrible consequences if the U.S!!!
A "selective default" occurs when a borrower fails to pay one or more of their obligations BUT continues to meet other payment obligations.

For instance, a country may enter into "selective default" and fail to make payments on one class of obligations but continue to make good on every other debt obligation.


[link to www.davemanuel.com]
 Quoting: Luisport


We have PLENTY to pay ALL THE DEBT OBLIGATIONS.
200+ BILLION A MONTH comes in regardless of a government shutdown.


More than enough to service the debt and pay other requirements.


ALL STAGED DRAMA AND PROPAGANDA BY OBAMA TO SCARE THE SHEEP INTO SUBMISSION.

drama facistprop

Last Edited by Useless Cookie Eater on 10/12/2013 03:46 PM
Luisport (OP)

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10/12/2013 03:47 PM

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Re: The world's most powerful bankers warn of terrible consequences if the U.S!!!
Robert Costa ‏@robertcostaNRO 8 min
RT @frankthorpNBC Senate adjourned until Sunday at 1pm. House is adjourned until Noon Monday.
Luisport (OP)

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10/12/2013 03:55 PM

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Re: The world's most powerful bankers warn of terrible consequences if the U.S!!!
Robert Costa ‏@robertcostaNRO 8 min
RT @frankthorpNBC Senate adjourned until Sunday at 1pm. House is adjourned until Noon Monday.

 Quoting: Luisport


Gregor Peter ‏@L0gg0l 2 h
House adjourned until Monday ... ES limit down?
waterlily

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10/12/2013 04:02 PM
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Re: The world's most powerful bankers warn of terrible consequences if the U.S!!!
A "selective default" occurs when a borrower fails to pay one or more of their obligations BUT continues to meet other payment obligations.

For instance, a country may enter into "selective default" and fail to make payments on one class of obligations but continue to make good on every other debt obligation.


[link to www.davemanuel.com]
 Quoting: Luisport


We have PLENTY to pay ALL THE DEBT OBLIGATIONS.
200+ BILLION A MONTH comes in regardless of a government shutdown.


More than enough to service the debt and pay other requirements.


ALL STAGED DRAMA AND PROPAGANDA BY OBAMA TO SCARE THE SHEEP INTO SUBMISSION.

drama facistprop
 Quoting: Useless Cookie Eater


That is the powerplay. Also the secrecy, keeping the truth hidden.

5* for this thread!

Last Edited by waterlily on 10/12/2013 04:02 PM
*********** WaterLily ***********
" Do I dare
Disturb the universe?"
-- T. S. Elliot, Love Song of J. Alfred Prufrock

*************************************
“We are as ignorant of the meaning of the dragon as we are of the meaning of the universe.”
-- Jorge Luis Borges
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"Pompey made his preparations for the war at the end of the winter, entered upon it at the commencement of spring,
and finished it in the middle of the summer."
-- Cicero, De Imperio Cn. Pompei
Useless Cookie Eater

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10/12/2013 04:07 PM

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Re: The world's most powerful bankers warn of terrible consequences if the U.S!!!
A "selective default" occurs when a borrower fails to pay one or more of their obligations BUT continues to meet other payment obligations.

For instance, a country may enter into "selective default" and fail to make payments on one class of obligations but continue to make good on every other debt obligation.


[link to www.davemanuel.com]
 Quoting: Luisport


We have PLENTY to pay ALL THE DEBT OBLIGATIONS.
200+ BILLION A MONTH comes in regardless of a government shutdown.


More than enough to service the debt and pay other requirements.


ALL STAGED DRAMA AND PROPAGANDA BY OBAMA TO SCARE THE SHEEP INTO SUBMISSION.

drama facistprop
 Quoting: Useless Cookie Eater


That is the powerplay. Also the secrecy, keeping the truth hidden.

5* for this thread!
 Quoting: waterlily


At least Boehner didn't fold as others were trying to suggest here yesterday.
Basically he was testing the water.

He does have a history of being pansy though, so not trusting him is justified, but again, the peeps here got a little ahead of themselves the last day or so.

Last Edited by Useless Cookie Eater on 10/12/2013 04:07 PM
Anonymous Coward
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10/12/2013 04:07 PM
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Re: The world's most powerful bankers warn of terrible consequences if the U.S!!!
A "selective default" occurs when a borrower fails to pay one or more of their obligations BUT continues to meet other payment obligations.

For instance, a country may enter into "selective default" and fail to make payments on one class of obligations but continue to make good on every other debt obligation.


[link to www.davemanuel.com]
 Quoting: Luisport


We have PLENTY to pay ALL THE DEBT OBLIGATIONS.
200+ BILLION A MONTH comes in regardless of a government shutdown.


More than enough to service the debt and pay other requirements.


ALL STAGED DRAMA AND PROPAGANDA BY OBAMA TO SCARE THE SHEEP INTO SUBMISSION.

drama :facistprop:
 Quoting: Useless Cookie Eater


^^^^^^^^THIS


Odrama queen is using this for propaganda purposes.

There will be no default, there will be a raise on the debt ceiling and the world will go on.

The deals already been done, they are all just playing their cards right up to the 17th for media purposes.
Luisport (OP)

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10/12/2013 04:08 PM

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Re: The world's most powerful bankers warn of terrible consequences if the U.S!!!
zerohedge ‏@zerohedge 2 min
Trading Twitter: Where Noise Becomes Signal [link to www.zerohedge.com]
Luisport (OP)

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10/12/2013 04:08 PM

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Re: The world's most powerful bankers warn of terrible consequences if the U.S!!!
Matt Viser ‏@mviser 39 min
For those just tuning in: WH rejects House GOP plan. Senate Ds reject Collins plan. House GOP furious w Senate GOP. Reid/McConnell talking.
Useless Cookie Eater

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10/12/2013 04:09 PM

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Re: The world's most powerful bankers warn of terrible consequences if the U.S!!!
A "selective default" occurs when a borrower fails to pay one or more of their obligations BUT continues to meet other payment obligations.

For instance, a country may enter into "selective default" and fail to make payments on one class of obligations but continue to make good on every other debt obligation.


[link to www.davemanuel.com]
 Quoting: Luisport


We have PLENTY to pay ALL THE DEBT OBLIGATIONS.
200+ BILLION A MONTH comes in regardless of a government shutdown.


More than enough to service the debt and pay other requirements.


ALL STAGED DRAMA AND PROPAGANDA BY OBAMA TO SCARE THE SHEEP INTO SUBMISSION.

drama facistprop
 Quoting: Useless Cookie Eater


^^^^^^^^THIS


Odrama queen is using this for propaganda purposes.

There will be no default, there will be a raise on the debt ceiling and the world will go on.

The deals already been done, they are all just playing their cards right up to the 17th for media purposes.

 Quoting: Anonymous Coward 48262769


Doubtful.
Anonymous Coward
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10/12/2013 04:12 PM
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Re: The world's most powerful bankers warn of terrible consequences if the U.S!!!
how strong are the necks of the words most powerful bankers?
Anonymous Coward
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10/12/2013 04:12 PM
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Re: The world's most powerful bankers warn of terrible consequences if the U.S!!!
how strong are the necks of the worlds most powerful bankers?
 Quoting: Anonymous Coward 48118502
Luisport (OP)

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10/12/2013 04:13 PM

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Re: The world's most powerful bankers warn of terrible consequences if the U.S!!!
how strong are the necks of the worlds most powerful bankers?
 Quoting: Anonymous Coward 48118502

 Quoting: Anonymous Coward 48118502


tounge
Anonymous Coward
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10/12/2013 04:14 PM
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Re: The world's most powerful bankers warn of terrible consequences if the U.S!!!
of course they do. If the U.S says F.U to the central bankers, the rest of the world will follow suit!

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