Mr Aquino said: "The US economy is the number one economy in the world, what happens there affects all of us. "The world economy obviously is not in a position to withstand too much shock at this time when we are just recovering as a global economy." Meanwhile, Chilean President Sebastian Pinera said the US had to confront its fiscal problems "in a better way than they are doing it now with shutting down the government". Mr Obama is refusing to negotiate with the Republicans over the budget issues until they pass a temporary bill to reopen the government. He also wants agreement to raise the $16.7 trillion US borrowing limit, to avoid the country defaulting on its debts. source: bbc.co.uk/news/business-24419564 jus so you understand....if they dont agree on a new budget, which has to include increasing the debt ceiling from 16.7 trillion....17th of october 2013 the US dollar will start defaulting, meaning the world will lose faith in the dollar and start searching for a new currency.... allah wa alam, could be the Israeli New Shekel if you know what the implication of that could be
Posted on: Sun, 06 Oct 2013 20:47:26 +0000
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