Sunday, Dec 02, 2012

The "Cliff" will affect the UK and it's worsening debt position

Telegraph: Timothy Geithner warns US could fall off 'fiscal cliff'

"US Treasury Secretary Timothy Geithner has pressed Republicans to offer specifics on deficit reduction, though he admitted that he "can't promise" that the country won't fall off a looming "fiscal cliff" of sharp tax hikes and spending cuts".

Posted by alan @ 08:57 PM (2101 views) Add Comment

4 Comments

1. libertas said...

There will be a world meeting with a global default and devaluation just like the Plaza Accord.

Those without gold and other hard assets will be screwed over.

Sunday, December 2, 2012 10:36PM Report Comment
 

2. libertas said...

Here is the Late Great Bob Chapman talking about this. Incidentally, unfunded liabilities and the debt amount to a staggering $100tn.

Sunday, December 2, 2012 10:39PM Report Comment
 

3. libertas said...

Peter Schiff talking about the fiscal cliff:

Sunday, December 2, 2012 10:46PM Report Comment
 

4. libertas said...

Oops, the video of Bob I meant to post is this, the one above was about Madof:

Monday, December 3, 2012 07:07AM Report Comment
 

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