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Will #GOP crash World Economy?

THE CT BLOG · June 29, 2011

Published June 29, 2011 · The CT Blog

World economic risks:

And GOP refuses to repeal $700 Billion tax cut for

Wall St Banker Billionaires Buddies.

#1) Greece's economic crash, risks to rest of Europe.

#2) IMF warns US of debt ‘shock’

Fund sees threat to financial markets

The International Monetary Fund has warned of a “severe shock” to global financial markets if the US does not move quickly to increase its borrowing authority, adding pressure on Congress and the White House to clinch a deal on fiscal policy.

In its annual report on US economic policy, the IMF cited “unfavourable fiscal outcomes” as one of the key dangers to the country’s economic outlook.

HERE

#3) Federal Reserve quits buying US bonds

The Federal Reserve has announced an end to QE2.
they are now the worlds biggest holder of US bonds.
US has been buying its own bonds, with borrowed
money the Federal Reserve created.

This has been keeping Interest rates artificially low.
Interest rates will rise to attract buyers to buy the
bonds the Federal Reserve was buying.

GET OUR OF LONG TERM BONDS AND BOND
FUNDS.

#4) Nothing has been done to prevent Banks from doing it again. Sub-Prime fraud
Total value of derivatives in the world exceeds total global gross domestic product by a factor of 10x: They are doing it Again.

The Coming Crisis: Templeton Asset Management SaysFinancial ...

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#GOP risking threat of $100B hit if USA top rating lost. OK fortheir Billionaire Bank Buddies,saving GOP $700B tax cut

How does #GOP justify Giving Billionaires $700B taxcut and then cutting Mil budget in time of war?
Risking US troops lives?

Republicans playing with world's economies to protect
US Wall St Bank Billionaires tax cut of $700 Billion.

GOP sob OUT - Internet Anthropologist Think Tank

Gerald

Gerald Center, floor of NYSE

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Originally published at https://warintel.blogspot.com/2011/06/will-gop-crash-world-economy.html on June 29, 2011.