World Watches Biden
Administration Debt Ceiling Crisis Horrified About A
Potential Default
May 25. 2023
Joe Biden
The Washington Post published an
article entitled, "World watches in disbelief and
horror as U.S. nears possible default." It delved
into the current debt crisis, which needs to be
resolved by June 1, 2023 or disastrous consequences
will surface. President Joe Biden and his handlers
have made a mess of the U.S. economy. They have
dragged America to new lows.
The Washington Post stated, "The
fight over the borrowing cap has been alarming U.S.
allies. Around the world, experts have been watching
in disbelief as the U.S. flirts with its first
default, fearful of the potential international
economic ramifications — and astonished by the
global superpower’s brush with self-sabotage."
America has lost time and progress
under Biden. The national has regressed in a
terrible way. Under the Biden Administration America
is experiencing record debt, inflation,
mortgage/credit card defaults, evictions and
homelessness. There were warnings signs there the
Biden administration would be a failure, but they
were ignored (Joe Biden Tax Plan Slammed And
Debunked On '60 Minutes' Confirming Previous Site Claims).
The Chinese economy has overtaken
America to become number one in the world (China Overtakes America As The
Richest Nation In The World Confirming Previous Site Claims).
Dozens of world nations have abandoned the U.S.
dollar as the choice currency for
international transactions, which will cost America
trillions in profits in the long run (World Nations Form Alliance To
Replace The U.S. Dollar In International Trade Due To President Joe
Biden's Terrible Economic And Political Policies In A Move That Will
Cost America Trillions In Revenues). Now the world is looking on
in horror against as the debt ceiling deadline
approaches.
STORY SOURCE
World watches in disbelief and horror as U.S.
nears possible default
Most nations don’t have a fixed debt
ceiling. But Washington’s fight over raising the cap
carries global implications.
By Rachel Siegel
May 19, 2023 at 4:00 a.m. EDT -
Gathered last weekend at the Toki Messe convention
center and Hotel Okura in Niigata, Japan, the
world’s top economic officials were scheduled to
discuss some of the biggest emergencies facing the
global economy, such as the war in Ukraine and
climate change. But the finance ministers for the
Group of 7 nations had another question for Treasury
Secretary Janet L. Yellen: What is going on with the
U.S. debt ceiling?
All of Yellen’s counterparts were
aware of the potential global ramifications if the
United States were to default on its debt — so
aware, in fact, that many asked her privately for
updates on the status of negotiations between the
White House and House Republicans, according to one
person familiar with the matter, who spoke on the
condition of anonymity to reflect private
conversations. Yellen told U.S. allies that she
agreed that a default would be devastating and that
resolving the debt ceiling was a top priority for
the administration, the person said...
The fight over the borrowing cap has
been alarming U.S. allies. Around the world, experts
have been watching in disbelief as the U.S. flirts
with its first default, fearful of the potential
international economic ramifications — and
astonished by the global superpower’s brush with
self-sabotage.
Rich and poor nations alike fear a
possible U.S. default, which would torpedo the
financial markets and deal a massive blow to the
dollar. Analysts say the impasse jeopardizes
America’s standing abroad. And foreign economists
and policymakers are bewildered over why the United
States has imposed a specific limit on its debt and
then turned it into a political football...
https://www.washingtonpost.com
RELATED ARTICLES
Joe Biden Is
A Power Hungry Criminal From The Obama
Administration Following A Movie Script
Historians Advise Joe Biden
America Is Headed For Civil War Confirming Previous Site Claims
Joe Biden Tax Plan Slammed And
Debunked On '60 Minutes' Confirming Previous Site Claims
Site
Exclusives
|
|
|
|
|
