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Joinfortmill

(14,474 posts) Wed Jan 18, 2023, 01:27 PM Jan 2023

U.S. Expected to Hit Debt Ceiling Limit This Week. And GOP Up To Their Old Tricks

I don't know about you, but I'm sick and tired of Republicans playing chicken with the jobs, services, resources and investments of the American people. There should be consequences for their actions.

4 replies

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U.S. Expected to Hit Debt Ceiling Limit This Week. And GOP Up To Their Old Tricks (Original Post) Joinfortmill Jan 2023 OP

If I recall correctly, countries are moving off of the USD as a basis for their economies. TheBlackAdder Jan 2023 #1

Yup Joinfortmill Jan 2023 #3

I thought we were good until the fall? Buckeyeblue Jan 2023 #2

June, I rhink.think... Joinfortmill Jan 2023 #4

TheBlackAdder

(28,225 posts)

1. If I recall correctly, countries are moving off of the USD as a basis for their economies.

Reply to Joinfortmill (Original post)

Wed Jan 18, 2023, 01:55 PM

Jan 2023

.

There were scores that did before 2008 and their economies suffered greater losses than countries that were not tied to the USD.

After 2008, a bunch of countries moved off of the USD to insulate their economies, since the USD could not longer be trusted as being stable. I think there are a couple dozen countries that use the USD, and a default might change that.

This might have far reaching goals to the economy if Republicans want to touch that third rail.

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