President Barack Obama Message Board

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Politics : President Barack Obama

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To: manalagi who wrote (96370)	7/9/2011 11:16:54 AM
From: Road Walker	Read Replies (1) of 149317

There is no question that the debt ceiling will be raised by Aug 2nd. My guess is we have nowhere near 8/2 before the markets crash. At some point very soon traders are going to start hedging, shorting everything but primarily treasuries. Some will take strong naked bets that there will be no settlement. That's when the world markets will start to unravel. Hell it could be Monday if the meeting goes bad tomorrow. These guys are playing with fire in an explosives factory. The US of A could be a poor country in very short order if the rest of the world decides that US Trasuries, and for that matter US$'s are just pieces of paper.

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