As Washington remains “debtlocked” over the debt debate America is losing credibility around the world and experts are warning the U.S.could lose its sovereignty.
As I first reported, America’s debt problems can soon put it in a similar situation as Greece were it is forced to sell its assets to foreign nations to pay off the bills the out of control politicians in Washington have signed U.S. taxpayers names on.
US Could Be Forced To Sell Sovereign Assets To China To Pay Off Over $100 Trillion In National Debt
The US may soon be forced into a situation similar to the one in Greece and be forced to perform a fire sale of national sovereign assets to China pay down the out of control debt that some say is really over $100 trillion.
As Morgan Stanley Points out Greece isn’t even the real problem, it is the US deficit.
Morgan Stanley’s Gorman plays down Greek default fallout
FORGET Greece, the biggest problem facing world markets is the $1.5 trillion US budget deficit, says Morgan Stanley boss James Gorman.
In Melbourne for a brief visit, Gorman didn’t put it quite like that in an interview with The Australian, but he played down concerns about a Greek default and said the big thing Wall Street wants to see is a reduction in the deficit.
Concrete steps taken to show Washington realises the problem and is doing something about it will be a big relief for US business.
Gorman’s confidence that any Greece default won’t cause major tremors is in part due to the fact a lot of its debt is held by the big European government owned banks.
At $200 billion, the Greek debt is relatively manageable but if a country like Spain was hit next that would be a different story.
Source: The Wall Street Journal
Meanwhile, those willing to be honest say the real US debt is over $100 trillion.
As Zero Hedge points out, the US is really not in much better shape than Greece when it comes to servicing the debt.
With states like NJ already putting sovereign assets at risk by obtaining more loans to pay for existing debt they can’t afford to pay for the US debt trap situation will only get worse. Seriously sounds like the US is in the same predicament Greece is in.
And sooner or later the IMF will be forcing the US into a shotgun wedding to perform a fire sale of US assets to China.
Read the Rest…
While that report was warning that what is actually occurring in Greece could be foreshadow of events in the U.S. if Washington did not quickly get the political and economic houses in order financial analysts are now warning that we are further down that road than what we think.
Cheryl Meril’s Candid Blog, quotes a Russia Today report on the U.S debt problem with Max Keiser and writes:
Default Countdown: America Could Lose Its Sovereignty
Even if America defaults August 2nd, it will be a couple months before it doesn’t pay its bills so there’s no need to panic yet. The sad part of all this is none of it had to happen, Americans gave over control of their economy to traitor politicians who sold out their country to International global interests.
This default has been planned for years by globalists who President Obama is clearly in concert with. It’s been said Obama sold out America’s sovereignty already at the G-20 back in 2009.
“Moving as quickly as he can to gut the USA and then divide its body parts amongst like-minded globalists, the USA’s Supreme Leader used the G-20 conference to begin his turnover of USA sovereignty to said internationalists and start the move toward a one-world government. Obama has signed off on international legislation — the Financial Stability Board — that would regulate ALL firms, including those within the USA and places them under the responsibility of an international governmental agency.” – Link
Source: Cheryl Meril’s Candid Blog
While Cheryl hedges the statement saying the U.S. COULD lose its sovereignty, Russia today actually quotes Max Keiser as saying ‘America WILL lose its sovereignty’.
WATCH – Max Keiser: ‘America will lose its sovereignty’
The countdown to armadebtdon carries on and we are just 3 days away from the debt ceiling deadline. If a discussion is not reached will the US lose its AAA rating? The problem is we are not taking in enough revenue to continue spending like we are. Max Keiser of Keiser Report gives us his insight on what that means to the US.
A quick review of the evidence before the courts reveals that we are already on our way down.
Take for example the report from PIMCO that says the real national debt is $100 Trillion.
WATCH – PIMCO’s Bill Gross: “The U.S. National Debt Is $100 Trillion, We Are In Worse Financial Shape Than Greece”
Then this post on Anti-Neocons gives a sobering look at reality showing just how far the dollar has collapsed already.
US dollar worth a whopping 76 cents
VIEW THE CHART – U.S. dollar worth a whopping 76 cents
Study Japanese. Because unlike China, Japan doesn’t have these…
WATCH – China’s Ghost Cities
The one year chart of the dollar looks even worse.
Not to mention the fact that the dollar is down 35% since Obama took office.
But we can’t blame Obama because the 5 year chart of the U.S dollar is the worst of them all
The problem is widespread dysfunction in Washington, no matter which party is in charge, and the rape of the middle class by Wall Street Banks and globalist corporations.
Ron Paul has given an urgent warning on inevitable collapse of the U.S. dollar and the civil unrest that will follow.
Ron Paul gives and urgent warning on the inevitable collapse of the U.S. dollar and the civil rest that will result due to the economic collapse.
Republican presidential candidate Ron Paul has issued an urgent warning to the public about the collapse of the U.S. dollar that now appears to be inevitable due to political bickering and a dead-lock in congress on how to deal with the nation’s debt ceiling crisis.
In the video attached to this page, Ron Paul warns that at U.S. dollar collapse followed by surging interest rates and eventual martial law will be the result of an economic collapse due to political grand standing in Washington.
He warns that only by prosecuting the Wall Street fraud that caused the current financial crisis and returning to a nation that follows the constitution can we recover from the impending economic collapse.
He says those moves and the immediate ending of the ponzi scheme that is known as the Federal Reserve will restore the confidence in U.S. financial markets that is needed to lead the nation back onto the path of economic recovery.
Ron Paul’s frank and sincere delivery to members of the public about the problems that the nation is facing has shown him quickly becoming the GOP favorite to run against President Obama in the 2012 presidential election.
The pentagon is already deploying 20,000 troops into the Continental U.S to deal with civil unrest due to an economic collapse.
We also know that the purpose of the fed is to support the wall street bankers and let the real economy go to hell.
In this video Ron Paul outlines the only plan to prevent the collapse – get rid of corruption and return to the Constitution that our crooked politicians and bureaucrats continue to ignore.
WATCH: Ron Paul’s Urgent Warning On The Inevitable Collapse Of The U.S. Dollar.
Let’s keep our fingers crossed the tools in Washington don’t piss our nation down the drain.