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#default

3 Beiträge3 Beteiligte0 Beiträge heute

I suspect the #USA will "default" on its debts owed to foreign investors. It will however, not be called a #default but most likely a reorganisation. The reality is that #Trump has form in this kind of thing, and there are many in his cabinet who actively want to the #USA to default. Also, with their bond interest rates rising a default becomes more likely. In the background #Japan had problems issuing debt recently...

Fortgeführter Thread

The growing #debt has paradoxically given urgency for #Republicans to pass the bill, as it would raise the federal govt's #DebtCeiling by $4 trillion [something they rail against when there’s a Democratic admin]. That would avert the prospect of #default, which ofcls have warned would come this summer.
Republicans also argued that failure to pass the bill would mean an effective tax hike for some [#wealthy] Americans, as #Trump's 2017 tax cuts are to expire at the end of the year.

Weniger #Datensicherheit per #default: Die Forderung des britischen Innenministeriums für den Zugang zu verschlüsselten Daten in der #iCloud hat nun zur Folge, dass die Funktion in #Großbritannien abgeschaltet wird. Weniger #Cybersicherheit für alle britischen Bürger:innen, die iCloud nutzen, ist nun das Ergebnis. Ob dies in Zeiten wachsender Cyberbedrohungen eine richtungsweisende und gut durchdachte Regierungsentscheidung sein kann, ist mehr als zweifelhaft:

spiegel.de/netzwelt/netzpoliti

DER SPIEGEL · Hintertür für Geheimdienste: Apple wehrt sich gegen britische ÜberwachungspläneVon DER SPIEGEL

This is exactly what congressional Democrats should be shouting as they vote against any budget reconciliation or any attempt to lift or suspend the debt ceiling - "not a man, and not a penny for this Administration!"

marxists.org/archive/liebknech

www.marxists.orgNot a Man and Not a Penny for this System!Not a Man and Not a Penny for this System! (Wilhelm Liebknecht)
#budget#DebtLimit#Trump
Antwortete Eric Maugendre

#paymentSystem #default @economics 🧵

When will the markets acknowledge the breakdown in the USA governance and the elevated risk of voluntary defaults across the spectrum of government obligations?

Stephanie Kelton: stephaniekelton.substack.com/p

The Lens · Will the Ratings Agencies React to the Breakdown in Governance?Von Stephanie Kelton

Disney continues to comply in advance to our incoming fascist regime. They keep pulling gay characters, story lines.
Article falsely says our next administration won in a sweeping victory. At 44th out of 51 presidential electoral wins, his was one of our country's slimmest victories.
#conservative #press #taking #sides #Disney #comply #fascism #yield #lose #fail #default #concede to #incoming #fascist #regime #resist #fight #LGBTQ #lesbian #gay #rights #are #human rights hollywoodreporter.com/tv/tv-ne

The Hollywood Reporter · Disney Pulls Transgender Storyline from Pixar’s ‘Win or Lose’ Streaming Series (Exclusive) Von Pamela McClintock