Playing Russian Roulette with US Credit
Will the U.S. go into default for the first time in its history? The whole advantage of being the world reserve currency is that we can print from debt the money that we need to pay our bills. Is the government so divided that they would actually allow a default? What if we don’t pay our bills? Janet Yellen says we could run out of all of the tools that she has to postpone hitting the debt ceiling on June 1st.
1:09 How Worried Should We Be
4:23 Debt Limit
7:45 Bets are Rising
14:45 Who’s in Control?
16:55 Eye Popping Fluctuation
SLIDES FROM VIDEO:
Policymakers and business need to adapt better to structural uncertainty | Financial Times (ft.com)
Gold Market Primer: Market size and structure | World Gold Council
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