I can say this with complete conviction and sincerity... from both, my: Knowledge of History and Understanding of The Scriptures. The question: is not if, but when, will The United States of America default upon its debts... and as The Political Rhetoric continues to escalate to unheard of new levels, I am rapidly growing more confident in this particular time frame! My own personal gut feeling, is that August 2nd will be the date.
So, what will ' Really Happen ' when The United States of America defaults upon its debt obligations? For just one moment, let's consider the true ramifications....
The Short Term Results Of A Debt Default:
- America will lose its: " Good Credit Rating ".
- Interest Rates will go up for: The United States Government, All 50 States, County and City Governments, and The Public At Large.
- Foreign Investors will pull out of Our Domestic Markets.
- The Stock and Bond Markets will both drop tremendously.
- The Banking and Credit Markets will become even more tightfisted with their money.
- The Commodities Markets will soar into the stratosphere - before leveling off at much higher levels.
- Platinum, Gold, and Silver will skyrocket to all time new highs.