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NO!
There is evidence that the US governement can not rise the debt ceiling in the pace we have seen recently.
Why?
Of course there are is money printing to stay alive - with some very negative side effects.
Lets have a look in depth to see today's 17 trillion debt border line going bust.
There are some important countries being heavily invested in US bonds (etc.) to underline the US
currency.
Table of the most important actual money lender countries:
As we can read - there are some important sums in the game. Who has lended? NO - it is NOT EC or Germany...
After China and Japan - there is Switzerland as country which is the biggest lender to US of Europe.
How much is the US debt per citizen? usdebtclock.org shows today the sum of 53'500 dollars per US citizen.
This might be much - but - hmm.. maybe affordable.
How much has every Swiss citizen invested as money lender into US papers?
22'500 USD per Swiss citizen (nearly half of the US citizen debt per head)
This is much - but under todays uncertainty - to much!
Every extra dollar printed from now (lifting the debt ceiling) will get the US currency more watered -
inflation risk is here.
If the US currency in the next period will weaken and some important world goods are no longer traded
in that currency this will mean the debt will and can no longer being payed back to todays levels.
Some imminent crash scenarios have to be considered!
GFIs1
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