Huffington Post

Debt Ceiling Crisis: World Finance Officials Focus On Global Risks:

The USA is not the only country very concerned about America’s debt ceiling debacle.

As the old saying goes “when the USA sneezes the world catches a cold.” That may not be the case in the future if our country losses it standing as the world’s monetary standard standing.

In short, the USA will not be the boss anymore and the dollar will lose considerable value. So as the more intelligent people in this country can see the stakes in the poker game a very high. .

The International Monetary Fund’s policy committee said “the United States needed to take “urgent action” to address the budget impasse that has blocked approval of legislation to increase the government’s borrowing limit before a fast-approaching Thursday deadline.”

“If the dollar loses status as the world’s most reliable currency the United States will lose the right to print money to pay its debt. It will be forced to pay this debt by any means necessary.”

In their statement the International Monetary Fund’s officials commented; “The ratings agencies are already arguing that the government’s debt may be too highly rated. Plus, the United States Congress, in both its houses, as well as the president are demonstrating a total lack of fiscal credibility.”

There is some speculation that the USA will lose its standing as the world’s most valuable/reliable currency in as little as 5 – 10 years or sooner.

If and when that happens there are going to be financial catastrophic consequences for the American people, all because our country’s leaders dropped the ball many years ago in all areas of government and did little to nothing to prevent this financial dilemma.
They all said “We are too big and too powerful, this can not happen to us”.

That is the same thing the Romans said while  their empire crumbled.

Time to wake up DC; the alarms are going off and you are still in bed.