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Nairaland Forum / Nairaland / General / Business / US Dollar Will Collapse In 2013 (1855 Views)
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US Dollar Will Collapse In 2013 by ojeniyi1: 9:23pm On Jan 04, 2013 |
Touching upon the recent tax law and spending cuts in the United States, Max Keiser noted in a Thursday interview with Press TV that when America takes on more debt than it is able to repay by collecting taxes, the difference is paid for and financed by China. China’s support for the US debts has turned America into the worst G20 economy in terms of the gap between its spending and revenues, he pointedout. Keiser noted that in 2013 “…the US dollar will collapse because China won’t finance it anymore and that is the risk that we are talking about, the risk that [the US President Barack] Obama does not tell his population and that is unconscionable; that is a lack of leadership.” The analyst stated that US is heading into a “hyperinflationary economy” as a consequence of the catastrophe caused by “the very rich in America.” He also warned of an imminent neo-feudalism in the global economy where there is an “incredible disparity”between the economic titans and the ordinary public. On Wednesday, Obama signed into law the ‘American Taxpayer Relief Act of2012’ to avert the so-called fiscal cliff. On January 1, the House of Representatives voted 257 to 167, approving the bill, which entails raising taxes on the wealthiest Americans, while exempting others who earn less than$450,000 a year. It will also put off USD109 billion in budget cuts for two months. The Congressional Budget Office has criticized the bill, saying it would add almost four trillion dollars to the federal deficit over a decade,since the deal continues to entitle nearly all Americans with low tax rates. The International Monetary Fund said the bill was too limited to deal with the financial problems of the United States. |
Re: US Dollar Will Collapse In 2013 by tee7: 7:32am On Jan 12, 2013 |
can someone receive money from western unionfrom a bank in nigeria witthout account |
Re: US Dollar Will Collapse In 2013 by onyeka205(m): 8:25pm On Jan 12, 2013 |
tee7: can someone receive money from western unionfrom a bank in nigeria witthout account Yes, you don't need an account to receive money through western union in any bank. All you need is the code, secret question and answer which would be supplied to you by the sender of the money, and perhaps an ID inform of driver's licence, international passport or national ID. |
Re: US Dollar Will Collapse In 2013 by ojeniyi1: 11:33pm On Jan 13, 2013 |
onyeka has said it all. |
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