Congress must raise the debt limit by Oct. 18, Treasury Secretary Yellen warns in new letter as potential default looms

Congress must raise the debt limit by Oct. 18, Treasury Secretary Yellen warns in new letter as potential default looms

From cnbc.com

Treasury Secretary Janet Yellen on Tuesday told House Speaker Nancy Pelosi that Congress has just under three weeks to address the looming debt ceiling and avoid near-certain economic calamity. “We now estimate that Treasury is likely to exhaust its extraordinary measures if Congress has not acted to raise or suspend the debt limit by October 18,” she wrote in a letter. “At that point, we expect Treasury would be left with very limited resources that would be depleted quickly.” Senate Republicans on Monday blocked a bill that would fund the government and suspend the U.S. borrowing limit. The GOP opposed the ... (full story)

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hesron

Sep 28, 2021 8:40am

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OMG ........ so now, indirectly Yellen said no tapering and no rate increase

Bakker

Sep 28, 2021 8:57am

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She should have woke up much much earlier.

Not-KPMG

Sep 28, 2021 11:44am

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Yellen, that botafubunkulus, who couldn't even talk is now Sec Tres

LOL.

Not-KPMG

Sep 28, 2021 11:47am

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Quoting gk111222333

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market crash started sell while you can...

Ignored

Why?? Where???

Which part of "print toilet paper" reminds you of stock balloon crash???

Goooooo all trash

. And Bitcoin ofcourse

here2there

Sep 28, 2021 3:59pm

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Quoting Not-KPMG

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{quote} Why?? Where??? Which part of "print toilet paper" reminds you of stock balloon crash??? Goooooo all trash . And Bitcoin ofcourse .

Ignored

Don't make the mistake of thinking this is good news for Bitcoin. Bitcoin will likely also crash, as people will need to cash out of assets for money to get through the coming financial crisis.

Not-KPMG

Sep 28, 2021 4:43pm

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Quoting here2there

Disliked

{quote} Don't make the mistake of thinking this is good news for Bitcoin.

Bitcoin will likely also crash, as people will need to cash out of assets for money to get through the coming financial crisis.

Ignored

LOL.

Now I normally wouldn't answer to people like you, with words

....

... But I note your polite words, and I'll reply in kind

Dolllaaaa has been crashing for 90 years now....🐒🐒😭
Any comments???

Bitcoin has gone up 420000 times if we measure it from "pizza buying guy".
Any comments??

And all that happened mostly before Trumpy, virus, FED print the last pentazillions fake dollaaa.

. And they'll continue printing toilet paper.....

Have a gander 😳😳

Attached Image

Bitcoin however is fixed at 21 million coins.👍

So explain me that future Bitcoin crash???

here2there

Sep 28, 2021 5:08pm

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Quoting Not-KPMG

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{quote} LOL. Now I normally wouldn't answer to people like you, with words .... ... But I note your polite words, and I'll reply in kind Dolllaaaa has been crashing for 90 years now.... Any comments??? Bitcoin has gone up 420000 times if we measure it from "pizza buying guy". Any comments?? And all that happened mostly before Trumpy, virus, FED print the...

Ignored

Saying Bitcoin will crash is not necessarily the same as saying Bitcoin will fail. It's possible it will plummet below 30k, and possibly even 20k. But knowing the history of Bitcoin, it will likely rise again and make a new ATH. But there will be pain in the process, and it could take years to recover. It all depends on how hard the economy gets hit.

Not-KPMG

Sep 28, 2021 10:21pm

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Quoting here2there

Disliked

{quote} Saying Bitcoin will crash is not necessarily the same as saying Bitcoin will fail. It's possible it will plummet below 30k, and possibly even 20k. But knowing the history of Bitcoin, it will likely rise again and make a new ATH.

But there will be pain in the process, and it could take years to recover. It all depends on how hard the economy gets hit.

Ignored

Hi good sir

There's a little truth in your words....

.. Very little

A) I will never talk about short term bitcoin price.

So what if it spikes from 41500 to 20k.?? Very unlikely yet possible...but so what?? I'll buy. I'll still hold for 125k as expected. I can wait

B)
You forget that Bitcoin is limited (kinda like gold the trash)

. Let the economy and stonks burn and crash..... What will Bitcoin/gold do???

. Yeah that's right

C)
Did you say people need to cash out of Bitcoin???

Not-KPMG

Sep 28, 2021 10:33pm

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Quoting here2there

Disliked

{quote}... Bitcoin will likely also crash, as people will need to cash out of assets for money to get through the coming financial crisis.

Ignored

Here's the C) answer

So you say that some people were SMART ENOUGH (Not-KPMG modestly nods

) to have bought Bitcoin... yet somehow also bought STONKS and now they have to sell the perfect asset (Bitcoin) to pay the trash Stonks losses???

Here's a fallacy if I've seen one.

A smart person won't touch stonks.
Even if smart person (a.k.a. Bitcoin holder) even holds stonks, he won't dream of selling Bitcoin (target price 0.3 million) to hold stonks (target profit 5% a year)...

Just LOL.

Or what are we talking about?? Selling Bitcoin to buy food in a financial crisis??

Do you know how much SOLID MONEY like Bitcoin will appreciate if there was financial ruin?? Think of gold..... Now multiply that 10-40 times

Not-KPMG

Sep 28, 2021 10:40pm

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But I'm most proud of this

... Yeah

Attached Image

Pick a square for you....

Relax

hesron

Sep 28, 2021 9:27am

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market is getting unhealthy with the issue of tapering lies and rate increase lies ....... you should ignore all usd news .......... lately, all usd news/speaks are lies