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RE: Hold on to your Steem and Crypto's guys.....the US Treasury "runs out of money in October" with no debt ceiling raised
They could just keep kicking the can down the road, 20 trillion or 50 trillion, already will never be re-paid, the figure has almost become irrelevant. In theory they can continue to print money until there is a total loss of faith in the dollar, they are already bankrupt. They could also just default on all the foreign debt, being the worlds reserve currency and a military superpower comes with benefits.
that would be true...and has been....but do you see how china and russia have pivoted from the dollar....and oil trade is now at risk in dollars. You don't make these "changes" without planning...the citizens are the last to know.
Agreed, they are never going to warn you ahead of time and we should always be prepared for anything.