The bankruptcy of America .. Do you mean the end of the world "economically"?!
Ocean Zeinab Makki
The U.S. economy, the largest economy in the world, the owner of the largest network transactions directly and indirectly around the world .. Do you declare "bankruptcy"? .. What does it mean the bankruptcy of America?
Looking forward to the whole world July 22 deadline set by the current U.S. president Barack Obama is a final deadline to complete the issue of ending the debt crisis of the roof of America, where local means not accomplish this task the probability against the United States of America to disaster.
The arrival of U.S. debt to about 100% of the gross domestic product and the lack of visibility on the economic recovery, perhaps approaching the situation from the point of inability to continue so, to what extent the United States can afford to cut its credit rating? And the prospects of "bankruptcy" any debt defaults.
Creditors
If we know that 4.5 trillion dollars is almost treasury bonds are owned by the governments and institutions that are not American, can understand why the discomfort of the possibility of reducing the global credit rating of America.
According to the latest figures available from the U.S. Treasury, the largest creditor of the United States is now China at $ 1.152 trillion dollars by the end of April, followed by Japan at $ 906.9 billion dollars, and then Britain, which has a value of $ 333 billion of U.S. Treasury bonds.
In fourth place comes the Petroleum Exporting Countries a value of 221.5 billion dollars, not just the major and emerging economies, but countries such as Egypt has a U.S. treasury bonds worth $ 13.6 billion.
Americans last losers
[Obama]President Barack ObamaInitially characterized the U.S. bond market as denominated in its currency, the dollar, and then there may be no great danger America to reduce the credit rating of a degree or more, the loss will go to China, Japan and the oil states, Britain and other creditor countries and their value will be according to the value of holdings of bonds .
The Americans could receive in fact reduce the value of their currency, even if it leads to higher interest rates, you will not be a big problem because they are still at their lowest levels since the policy of monetary easing that followed the global financial crisis.
According to the publication site of the "BBC", stayed behind America on the repayment of debt will not work with the attempts to rescue, as was the case with Greece, Ireland and Portugal, for example, and then will be the solution is to write off America a great deal of debt and reduce the value of the dollar sharply.
This helps to control the books of the U.S. government, and may be able to launch an economic programs, spending and new investments are active growth, but lenders America around the world will be affected negatively strongly, not only because of their loss from the write-off debts owed to them, but because of the collapse of the value of many of their dealings international dollar-denominated .
Last chance
Two weeks ago, which he called Obama''''end of the world economic leader, began August 2 antagonistic blocs in the Senate Republican Mitch McConnell and Democrat Harry Reid working to solve the complex out of the crisis.
Increasing the debt ceiling $ 2.5 trillion might get three payments in the next year without the support of Republicans, Obama will face because of a conviction, According to The Washington Post,''the''Committee will need to the majority of small just to raise the plan to the Congress, and will enjoy the protection of obstruction in the Senate will not be subject to modification''.
Obama urged Democrats and Republicans to reach a''grand bargain''to reduce the massive deficit nearly four trillion dollars over ten years, with leave large increase in the ceiling of borrowing, but divided the Congress between the House of Representatives controlled by Republicans and the Senate controlled by Democrats, led to his failure to bring the sharp ideological divide between the two camps in terms of tax matters and the size of government spending.
Obama said he had gleaned from the programs of health and social security ad litem to assist the elderly and the party who Ihbzhma Aldemcrdoa, if Republicans agreed to sacrifice some of the most important strengthening taxes on the rich.
After more than five consecutive days of negotiations between the White House and congressional leaders without a clear solution, called Obama's lawmakers adopt''shared sacrifice''to break the deadlock .. but with time running out and the failure to reach agreement, it appears that U.S. President will have to approve the a series of moves in the Capitol to keep his country from the crisis and save face at once.
Republicans plan
The Republicans are expected to submit a plan at the weekend to reduce the deficit and reduce federal spending and to amend the Constitution to demand a balanced budget while will include a clause to increase the debt ceiling.
The plan, known as the 'reduce, cover and balance''backed by Republican lawmakers close to the tea party militant, has passed by the House of Representatives, but not likely getting enough support in the Senate, where the majority of the Democrats.
He said the second man in a block Democrats in the Senate, Dick Durbin of the program''Face the Nation''on television, "CBS 'stresses the Republicans to conduct this debate prior to any thing'',''adding''we have to make our choices.
For his part, stressed the budget director in the White House Jake if that Obama is still seeking an agreement to significantly reduce the debt immediately, but stressed the foundations of an alternative plan was not excluded, and added''What I understood that what they are doing it is currently limited to a mechanism to extend the debt and allows area of the joint committee in Congress to deal with the deficit''.
Updated: -GMT: Tuesday, 19 - 7 - 2011 at: 10:30 AMThe timing of Mecca: Tuesday, 19 - 7 - 2011 Hour: 1:30 p.m.
Ocean Zeinab Makki
The U.S. economy, the largest economy in the world, the owner of the largest network transactions directly and indirectly around the world .. Do you declare "bankruptcy"? .. What does it mean the bankruptcy of America?
Looking forward to the whole world July 22 deadline set by the current U.S. president Barack Obama is a final deadline to complete the issue of ending the debt crisis of the roof of America, where local means not accomplish this task the probability against the United States of America to disaster.
The arrival of U.S. debt to about 100% of the gross domestic product and the lack of visibility on the economic recovery, perhaps approaching the situation from the point of inability to continue so, to what extent the United States can afford to cut its credit rating? And the prospects of "bankruptcy" any debt defaults.
Creditors
If we know that 4.5 trillion dollars is almost treasury bonds are owned by the governments and institutions that are not American, can understand why the discomfort of the possibility of reducing the global credit rating of America.
According to the latest figures available from the U.S. Treasury, the largest creditor of the United States is now China at $ 1.152 trillion dollars by the end of April, followed by Japan at $ 906.9 billion dollars, and then Britain, which has a value of $ 333 billion of U.S. Treasury bonds.
In fourth place comes the Petroleum Exporting Countries a value of 221.5 billion dollars, not just the major and emerging economies, but countries such as Egypt has a U.S. treasury bonds worth $ 13.6 billion.
Americans last losers
[Obama]President Barack ObamaInitially characterized the U.S. bond market as denominated in its currency, the dollar, and then there may be no great danger America to reduce the credit rating of a degree or more, the loss will go to China, Japan and the oil states, Britain and other creditor countries and their value will be according to the value of holdings of bonds .
The Americans could receive in fact reduce the value of their currency, even if it leads to higher interest rates, you will not be a big problem because they are still at their lowest levels since the policy of monetary easing that followed the global financial crisis.
According to the publication site of the "BBC", stayed behind America on the repayment of debt will not work with the attempts to rescue, as was the case with Greece, Ireland and Portugal, for example, and then will be the solution is to write off America a great deal of debt and reduce the value of the dollar sharply.
This helps to control the books of the U.S. government, and may be able to launch an economic programs, spending and new investments are active growth, but lenders America around the world will be affected negatively strongly, not only because of their loss from the write-off debts owed to them, but because of the collapse of the value of many of their dealings international dollar-denominated .
Last chance
Two weeks ago, which he called Obama''''end of the world economic leader, began August 2 antagonistic blocs in the Senate Republican Mitch McConnell and Democrat Harry Reid working to solve the complex out of the crisis.
Increasing the debt ceiling $ 2.5 trillion might get three payments in the next year without the support of Republicans, Obama will face because of a conviction, According to The Washington Post,''the''Committee will need to the majority of small just to raise the plan to the Congress, and will enjoy the protection of obstruction in the Senate will not be subject to modification''.
Obama urged Democrats and Republicans to reach a''grand bargain''to reduce the massive deficit nearly four trillion dollars over ten years, with leave large increase in the ceiling of borrowing, but divided the Congress between the House of Representatives controlled by Republicans and the Senate controlled by Democrats, led to his failure to bring the sharp ideological divide between the two camps in terms of tax matters and the size of government spending.
Obama said he had gleaned from the programs of health and social security ad litem to assist the elderly and the party who Ihbzhma Aldemcrdoa, if Republicans agreed to sacrifice some of the most important strengthening taxes on the rich.
After more than five consecutive days of negotiations between the White House and congressional leaders without a clear solution, called Obama's lawmakers adopt''shared sacrifice''to break the deadlock .. but with time running out and the failure to reach agreement, it appears that U.S. President will have to approve the a series of moves in the Capitol to keep his country from the crisis and save face at once.
Republicans plan
The Republicans are expected to submit a plan at the weekend to reduce the deficit and reduce federal spending and to amend the Constitution to demand a balanced budget while will include a clause to increase the debt ceiling.
The plan, known as the 'reduce, cover and balance''backed by Republican lawmakers close to the tea party militant, has passed by the House of Representatives, but not likely getting enough support in the Senate, where the majority of the Democrats.
He said the second man in a block Democrats in the Senate, Dick Durbin of the program''Face the Nation''on television, "CBS 'stresses the Republicans to conduct this debate prior to any thing'',''adding''we have to make our choices.
For his part, stressed the budget director in the White House Jake if that Obama is still seeking an agreement to significantly reduce the debt immediately, but stressed the foundations of an alternative plan was not excluded, and added''What I understood that what they are doing it is currently limited to a mechanism to extend the debt and allows area of the joint committee in Congress to deal with the deficit''.
Updated: -GMT: Tuesday, 19 - 7 - 2011 at: 10:30 AMThe timing of Mecca: Tuesday, 19 - 7 - 2011 Hour: 1:30 p.m.
