How will the US government shutdown affect the global economy?
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How will the US government shutdown affect the global economy? Subscribe to the Guardian HERE: http://bitly.com/UvkFpD In the wake of the US government shutdown, economics editor Larry Elliott looks at the global economic impact of the closure and asks whether it might trigger a further recession. Analysts anticipate a break in the stalemate in the next couple of weeks, but if that doesn't happen and America begins to default of its debt, the consequences could be catastrophic. Click for full Guardian article here- http://www.theguardian.com/world/video/2013/oct/01/us-government-shutdown-economy-video
Comments
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to be honest with you no one is giving a fuck about the people. it's just that if there are people plotting some mass explosions then we must know shouldn't we? you dying, as you said is 20,000,000 to 1 chance. still damage has to be repaired and panic is easily spread. as for the airport, is just stupid. i can kill a pilot with a fucking pen, it's just worthless.
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the NSA is clearly not affected.
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"Those willing to give up liberty for security deserve neither and will lose both." Listen I'm a grown ass man now not a little kid, I don't need the government to monitor my internet usage data, grab my balls while I'm at the airport or even kill me without a trial. Why should I have to give up my constitutional rights so I can feel safer about that 20,000,000 to 1 chance that I may get killed by a terrorist?
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as obama said it's rather death, chaos and liberty or life, order and security. we have to chose one and i think the president has chosen the second bit. but that doesn't mean that he doesn't care. when you were small you parents took away your liberties in exchange for security and that's because they loved you. tell me, would you still think that your parents care about you if they told to do whatever you want? just like a parent needs to monitor his child so does the gov the people.
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the show must go on
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reminds me of the late Romanic Empire
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This affordable health care drama is not the reason why I think he's a bad president, nor is it money. Constant violation of rights and the constitution, for example NSA spying and the expansion of the NDAA are the reason I hate him.
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No.
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Is this the start of the one world goverment???????
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dude just because his hands are tied doesn't mean that he doesn't love his country. as soon as he tries to do something good like the affordable health care it just gets intercepted by other people. the president isn't this magical creature who just wishes money and then money drops from the sky.
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what stupidity!! don't you realise that as soon as somone says it Could mean recession, the bankers invent one to line their pockets!!!
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America is a terrorist state
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John Boehner is a pussy.
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Obama loves his country? Surely your joking?
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it gives more time and with the big spending that the US does it is needed. but the more money is made the bigger inflation becomes and then it just becomes worthless. i think it's just a way to buy time.
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The Federal Reserve can print as much money as they please since we have a FIAT currency(meaning our dollar isn't backed by gold.) They distribute the money to banks to loan out to people which keeps the interest low. I agree with you though... I was looking at an old car ad from just 30 years ago, back than $10,000 bought you a brand new top of the line Mercedes, now it barely gets you into a pre-owned Toyota. The Federal Reserve has turned the dollar into a joke.
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cuz obama was raised in america and loves his country as much as you do. and affordable health act shows that at least he cares for his people not like the past presidents. and a german running the uk in ww2 would just avoid millions of dead from both sides.
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That makes no sense, how can the federal reserve pump money into the economy? Where does it come from? Where does it go out to? Printing money does not create wealth, nor does giving it to the people that don't need it. This is the worst thing to do. Let the Market fix itself.
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