Good News: It's Almost Over After Pelosi Says Congress Looking At "Two-Tiered" Deal [Zero Hedge]

All Forums » Current News and Events

2 posts / 0 new

Topic locked

Last post

#1 Sat, Jul 23, 2011 - 9:43pm

Violent Rhetoric

Offline

Memphis, TN

Joined: Jun 16, 2011

219

475

Good News: It's Almost Over After Pelosi Says Congress Looking At "Two-Tiered" Deal [Zero Hedge]

I think most of you read Zero Hedge but here is a thread for comments for those not registered over there. Me thinks 3 month extensions should be bad for fiat and good for metals if indeed we do get 300 more in debt with no spending cuts. I think the trend is our (PM's) friend.

https://www.zerohedge.com/article/good-news-its-almost-over-after-pelosi-says-congress-looking-two-tiered-deal

Alas this now appears to be a mirage: at best the Republicans will agree to a $200-300 billion extension to get the Treasury through for another 2 months (although at the delayed run rate, Geithner needs to issue $350 billion in debt right now just to catch up with where bond issuance should be).

Edited by: Violent Rhetoric on Nov 8, 2014 - 5:05am

—

Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty. This is known as “bad luck.” ~ Robert Heinlein