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How does everyone in the world not know that this is all fake?
Is the world retarded?
There was never any chance at all that the US was going to default. That’s just not something that would ever happen.
RT:
The managing director of the International Monetary Fund (IMF) Kristalina Georgieva has criticized Washington’s ongoing debt-ceiling impasse between the Biden administration and top Republican figures, saying a US default would have a significant ripple effect on the world’s economic prosperity.
“The US Treasury market is the anchor of stability for the global financial system,” Georgieva said at a press conference on Friday following the IMF’s Article IV consultation with US economic figures. “You pull the anchor and the world economy – this ship on which we all travel – is in choppy, and, even worse, uncharted waters.”
I’m not big on boating analogies, Kristalina, if I’m just going to perfectly frank with you.
Georgieva added that “right now, the most significant impact is anxiety around the world over something that should not be a problem to begin with,” and that default would “inevitably” prompt a contraction of the US and global economies. This would also, she said, be a “shock upon shock upon shock” for financial institutions still reeling from the one-two punch of the Covid-19 pandemic and vulnerabilities related to Moscow’s military operation in Ukraine
Yeah, okay.
Well, obviously everyone knows that.
Fortunately, the US political system is completely staged, and Republicans do not actually oppose the Democrats or the American Anal Empire at large, so there was never even a 1% chance of a default.
Janet Yellen kept saying “oh, well, June 1 is the deadline, June 1, everyone” and then she came out with a new date.
It’s all just a complete joke.
I can’t believe crypto people weren’t smart enough to see this, but I hope everyone bought the dip.
Since McCarthy was reported to have struck a deal, the market is already bouncing back.
