http://www.boston.com/news/nation/articles/2011/07/24/leaders_in_congress_scramble_toward_deal_on_nations_debt/?page=2
“Nothing can happen short of an invasion of the United States or a detonation of a nuclear weapon that would more destroy the well being of the American people.’’ end first quote from above
2nd quote from same above source:
“Right now, investors are scrambling to figure out how to protect themselves against a default,’’ said Michael Greenberger, a professor at the University of Maryland and former director of trading and markets of the Commodity Futures Trading Commission. “Nothing can happen short of an invasion of the United States or a detonation of a nuclear weapon that would more destroy the well being of the American people.’’ end quotes.
Worldwide, investors who hadn't already planned before for a potential default are scrambling to protect their credit and their investments. At this point simply because of the late date results could be drawn up by the President and Congress, much of the damage has already been done because of emergency forced reinvestment worldwide. So even if the U.S. doesn't get its credit rating downgraded, thousands to millions of jobs worldwide have already been lost, thousands to millions of investors worldwide have already or are going now to gold or other safe investments which won't create jobs but only protect the investors and their families during this now worldwide economic crisis caused by Congress and the President not acting soon enough for the rest of the world to rest easy and not take action.
To the best of my ability I write about my experience of the Universe Past, Present and Future
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