politics

As U.S. averts default, Japan and China brace for next dollar drama

10 Comments
By Wayne Arnold and Leika Kihara

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10 Comments
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Back to the Gold Standard!

All this current system is doing is robbing everybody else to pay the super rich.

3 ( +4 / -1 )

Remember when England was the power of the world until the US took over the top spot! I think there is going to be another country involved & I believe it probably will be China since I noticed a tremendous upscale of its economy & another country!!

1 ( +2 / -1 )

Yes BertieWooster I like the Gold Standard, they should bring it back.

Japan and China are US perpetual lender, unlike your fixed term deposits in the bank which you can withdraw on maturity.

0 ( +0 / -0 )

The biggest problem in US(and EU, Japan) is the fiat currency and reckless FED policies, like Helicopter Ben's Twist-and-Screw shenanigans, which is compounded by Congress' "Let's outspend every drunk sailor" mentality. That's a fine mess they've all made.

2 ( +2 / -0 )

Sadly, I feel the headline is completely accurate. The Republicans don't seem to have learned a thing from their recent total defeat and that idiot Cruz is still defiantly shouting at the Affordable Healthcare Act. It's only a matter of time (January, I believe) when the next fiasco happens. Some days, it's positively embarrassing to be an American.

0 ( +0 / -0 )

The only person that is responsible is Obama and nobody else. This is another of his trademark manufactured crises whose origin is solely in his own hands. The Senate makes no budget for over 3 years, the House passes legislation to attempt to head off the sequester and Harry Reid ignores the bills. At least have the courage to call a spade a spade and dish out the blame all around. If any part of Congress has been overtaken by anarchists, it is surely the Democrat-ruled Senate, who serve as the willing puppet follower of Obama.

0 ( +0 / -0 )

And to add to sfjp330- the White House has 3 months to NEGOCIATE a permanent solution or the same shutdown may occur once again. More public pain display. Not a true shutdown.

0 ( +0 / -0 )

Back to the Gold Standard! never happen, governments will never be able to print money out of thin air then. theyd all go bankrupt

0 ( +0 / -0 )

Default already happened - QE.

0 ( +0 / -0 )

@sfjp330,

The only person that is responsible is Obama and nobody else. This is another of his trademark manufactured crises whose origin is solely in his own hands. The Senate makes no budget for over 3 years, the House passes legislation to attempt to head off the sequester and Harry Reid ignores the bills. At least have the courage to call a spade a spade and dish out the blame all around. If any part of Congress has been overtaken by anarchists, it is surely the Democrat-ruled Senate, who serve as the willing puppet follower of Obama.

(SNORT!)

Eh... Obama wasn't the one who repeatedly voted to shelve the debt-ceiling issue until some later time. That was Congress who did that. Obama ALSO wasn't the one who decided that if they couldn't prevent a bill from being passed in both Houses, OR prevent the bill from being signed by the President, OR get the law declared unconstitutional in the CONSERVATIVE Supreme Court, then they would thwart the wishes of the country by stripping the law of the funds necessary to operate. That attempt to thwart democracy was SOLELY in the hands of the Republicans in the House. I'll be interested to hear the warped logic you provide to try and make THAT fiasco "Obama's Fault". I hope you won't mind too much if I'm laughing in your pathetic face while you try to deny that the Republicans caused that failed "manufactured crisis".

0 ( +0 / -0 )

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