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Shutdown: US ‘days’ from causing worldwide economic disaster, says World Bank
Belfast Telegraph ^ | 13 October 2013 | Kashmira Gander

Posted on 10/13/2013 6:49:40 PM PDT by Olog-hai

The United States is just “days away” from causing a global economic disaster unless politicians devise a plan to raise the nation’s debt limit and avoid defaulting, the president of the World Bank has warned. …

“We're now five days away from a very dangerous moment,” Jim Yong Kim said in a briefing on Saturday, then the 11th day of the crisis, following a meeting of the bank’s Development Committee in the US capital Washington DC. …

(Excerpt) Read more at belfasttelegraph.co.uk ...


TOPICS: Business/Economy; Foreign Affairs; Government; News/Current Events
KEYWORDS: debtceiling; economicdisaster; shutdown; worldbank
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1 posted on 10/13/2013 6:49:40 PM PDT by Olog-hai
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To: Olog-hai

The World Bank needs to be defunded...


2 posted on 10/13/2013 6:50:14 PM PDT by Paladin2
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To: Olog-hai

Maybe the rest of the world should learn to take care of its own problems.


3 posted on 10/13/2013 6:51:21 PM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: Olog-hai

Apparently billions of our dollars are unknowingly going overseas or all of these foreign types wouldn’t be panicking. Hmmmm.....


4 posted on 10/13/2013 6:52:05 PM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: Olog-hai

If the world economy crashes, it is all ........’s fault.


5 posted on 10/13/2013 6:52:41 PM PDT by The_Media_never_lie (Actually, they lie when it suits them! The crooked MS media must be defeated any way it can be done!)
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To: Olog-hai

Bring it on.


6 posted on 10/13/2013 6:52:45 PM PDT by arthurus (Read Hazlitt's Economics In One Lesson ONLINEhttp://steshaw.org/economics-in-one-lesson/)
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To: Olog-hai

I see Leftists around the globe in panic mode. Wondering why?


7 posted on 10/13/2013 6:53:12 PM PDT by rockinqsranch (Dems, Libs, Socialists, call 'em what you will. They ALL have fairies livin' in their trees.)
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To: Olog-hai
Bullsh*t. The debt limit situation has nothing to do with the US's ability to pay interest owed on its debts.

Seems like the world is on the democrats' side. Wonder why... /s

8 posted on 10/13/2013 6:53:38 PM PDT by skeeter
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To: Olog-hai

So not only does the US have 50% of its people dependent on the government, we’ve got the whole world dependent on it as well.
We are so screwed


9 posted on 10/13/2013 6:54:47 PM PDT by svcw (Socialism is so great, that it will be forced on you.)
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To: Olog-hai

This is absolute nonsense. I don’t get why Boehnor and McConnell who are supposed to be the GOP leadership don’t come on TV and explain that on any given day there are more than enough revenues to pay the service on the debt. Instead they just sit back and let Ostumbles blather on about defaulting.


10 posted on 10/13/2013 6:55:28 PM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: svcw

The rest of the world needs to wise up, and not expect the USA will get them out of every sort of crisis.


11 posted on 10/13/2013 6:56:08 PM PDT by rovenstinez
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To: Olog-hai

How about the world bailing us out?We have pumped $trillions into foreign banks since 2008 can’t we be on the receiving end of the largesse for once?


12 posted on 10/13/2013 6:56:51 PM PDT by Cyman (kes the life out of them as they are in the throwsof mutual passion.)
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To: Olog-hai

Stop the lies! The United States can pay all of its debt obligations from regular tax income even if the debt ceiling is not raised.


13 posted on 10/13/2013 6:57:33 PM PDT by Petrosius
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To: rovenstinez

Its like welfare. It teaches dependence.


14 posted on 10/13/2013 6:58:07 PM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: cripplecreek

The rest of the world is a little more than 47%.


15 posted on 10/13/2013 6:58:12 PM PDT by Antihero101607
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To: Olog-hai
We must reduce our involvement with world economics - some is good, but this mutual dependency is ridiculous.

I believe you need to take these so called “experts” with a grain of salt. They do exaggerate all the time.

16 posted on 10/13/2013 6:59:23 PM PDT by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-hereQaeda" and its allies.)
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To: Petrosius

Bingo, bingo, bingo.


17 posted on 10/13/2013 7:03:58 PM PDT by Fungi
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To: Petrosius

Bingo, bingo, bingo.


18 posted on 10/13/2013 7:04:02 PM PDT by Fungi
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To: Olog-hai
Utter crap.
19 posted on 10/13/2013 7:06:20 PM PDT by grimalkin (We are a nation under God. If we ever forget this, we are a nation gone under. -Ronald Reagan)
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To: Petrosius
Stop the lies! The United States can pay all of its debt obligations from regular tax income even if the debt ceiling is not raised.

Yes, but will Obama order the Treasury to prioritize payments and halt payments on debt?

20 posted on 10/13/2013 7:07:12 PM PDT by Vince Ferrer
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To: Olog-hai

F the world bank. Without the US there is no world bank.


21 posted on 10/13/2013 7:07:23 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: Olog-hai

Joke’um! Give’um a dollar.


22 posted on 10/13/2013 7:07:33 PM PDT by higgmeister ( In the Shadow of The Big Chicken!)
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To: Olog-hai; All

I wish people, including many Freepers, would just wake the hell up.

THIS IS ABOUT POWER, and the naked application of it.

Obama isn’t going to negotiate. It’s his way, or the highway. He said he would “Fundamentally transform this nation”, and a shutdown/default goes a long way toward that, helping to fulfill the dream of the Black National Socialists, and the Academic Socialist Radicals, that the NWRO, which later became ACORN/SEIU was founded for express purpose of, CRASHING THE SYSTEM.


23 posted on 10/13/2013 7:08:28 PM PDT by tcrlaf (Well, it is what the Sheeple voted for....)
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To: svcw
Fixed your typo:
So not only does the US have 50% of its people dependent on the government, we’ve got the whole world dependent on it as well.
We They are so screwed
No need to thank me...
24 posted on 10/13/2013 7:09:45 PM PDT by null and void (I'm betting on an Obama Trifecta: A Nobel Peace Prize, an Impeachment, AND a War Crimes Trial...)
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To: Olog-hai

Let it. It’s going to happen eventually anyway. Might as well happen before our military is gutted of patriots and filled with dykes, fags, and wetbacks.


25 posted on 10/13/2013 7:11:10 PM PDT by DangerZone (If the left had their way, all of America would be as safe as Sandy Hook Elementary.)
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To: Georgia Girl 2

My concern is that Obama would gladly default to get what he wants (I’m not quite sure what he wants besides raw power). I wonder if the GOP realizes this?


26 posted on 10/13/2013 7:11:11 PM PDT by PghBaldy (12/14 - 930am -rampage begins... 12/15 - 1030am - Obama's advance team scouts photo-op locations.)
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To: rockinqsranch
Will the screwball socialist sycophants say that Keynes was proved right or finally proved wrong?
27 posted on 10/13/2013 7:14:57 PM PDT by higgmeister ( In the Shadow of The Big Chicken!)
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To: Olog-hai
Oh my Gawd !!

Big Bird shurgs, grabs his harpoon and dirty red bandanna to shoot some cash.

28 posted on 10/13/2013 7:15:55 PM PDT by Rashputin (Jesus Christ doesn't evacuate His troops, He leads them to victory)
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To: tcrlaf
I wish people, including many Freepers, would just wake the hell up.

I hear ya. This analyzing things as though it's "business as usual" is just maddening.

29 posted on 10/13/2013 7:16:28 PM PDT by riri (Plannedopolis-look it up. It's how the elites plan for US to live.)
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To: Paladin2

Gets harder and harder to determine hats fact, fiction, or propaganda wielded by the tyrant’s agents that lie or distort the facts for them...


30 posted on 10/13/2013 7:16:35 PM PDT by jsanders2001
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To: riri

What a joke

the whole idea that the US or world economy cannot function while some government functionaries are on paid vacation is a BIG JOKE


31 posted on 10/13/2013 7:17:22 PM PDT by GeronL
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To: jsanders2001

It keeps getting harder and harder to determine whats fact, fiction, or propaganda wielded by the tyrant’s agents that lie or distort the facts for them...


32 posted on 10/13/2013 7:17:44 PM PDT by jsanders2001
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To: PghBaldy

My concern is that Obama would gladly default to get what he wants (I’m not quite sure what he wants besides raw power).


Most likely, he knows with great clarity what he doesn’t want but has no clue as to what he wants.


33 posted on 10/13/2013 7:19:15 PM PDT by PeterPrinciple
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To: tcrlaf
Obama isn’t going to negotiate. It’s his way, or the highway. He said he would “Fundamentally transform this nation”, and a shutdown/default goes a long way toward that, helping to fulfill the dream of the Black National Socialists, and the Academic Socialist Radicals, that the NWRO, which later became ACORN/SEIU was founded for express purpose of, CRASHING THE SYSTEM.

Then we all fight for what's left. They fight for the collective. We fight for individual human rights and freedom. Guess who will win?

34 posted on 10/13/2013 7:20:02 PM PDT by higgmeister ( In the Shadow of The Big Chicken! PS: they are afraid of guns.)
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To: tcrlaf
Maybe, but when are our overlords in China going to pick up the phone?

Hey, Obama, have your fun, but you work for us, remember?

35 posted on 10/13/2013 7:20:36 PM PDT by AdSimp
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To: GeronL

Personally, I’d like to see the World Bank shut down permanently.


36 posted on 10/13/2013 7:20:54 PM PDT by riri (Plannedopolis-look it up. It's how the elites plan for US to live.)
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To: Olog-hai

Well, if thats true, I guess all the little people are going to have to take all their money out of their accounts.


37 posted on 10/13/2013 7:21:22 PM PDT by grumpygresh (Democrats delenda est. New US economy: Fascism on top, Socialism on the bottom.)
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To: tcrlaf

And the remedy is to . . . ?


38 posted on 10/13/2013 7:21:31 PM PDT by Olog-hai
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To: Oldeconomybuyer

> F the world bank. Without the US there is no world bank.

I think that’s sort of what they are saying...: )


39 posted on 10/13/2013 7:21:45 PM PDT by jsanders2001
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To: grumpygresh

> Well, if thats true, I guess all the little people are going to have to take all their money out of their accounts.

Seriously considering it.


40 posted on 10/13/2013 7:22:32 PM PDT by jsanders2001
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To: Olog-hai

Why is there a World Bank? That makes no sense.


41 posted on 10/13/2013 7:23:31 PM PDT by gitmo ( If your theology doesn't become your biography it's useless.)
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To: Georgia Girl 2

They public doesn’t know this, and neither Boehner nor McConnell wants us to know this.


42 posted on 10/13/2013 7:24:33 PM PDT by RobbyS (quotes)
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To: riri

me too


43 posted on 10/13/2013 7:24:53 PM PDT by GeronL
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To: Olog-hai

It’s much better that it happen sooner than later, the odds of survival will be much better.


44 posted on 10/13/2013 7:25:42 PM PDT by fella ("As it was before Noah, so shall it be again,")
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To: Olog-hai

... I Heard Somebody say , “burn baby Burn!”

Its a bad idea to play chicken with the faithful.


45 posted on 10/13/2013 7:27:36 PM PDT by DanielRedfoot (Creepy Ass Cracker)
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To: Olog-hai

I love it when the worldwide left cries foul!


46 posted on 10/13/2013 7:29:39 PM PDT by Deagle (m)
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To: Olog-hai

It’s a shame the head of the World Bank doesn’t know economics.


47 posted on 10/13/2013 7:30:27 PM PDT by exDemMom (Now that I've finally accepted that I'm living a bad hair life, I'm more at peace with the world.)
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To: Olog-hai

It’s time Uncle Sap stops funding this bunch of freeloaders. Go back to your own countries and improve these cesspools.


48 posted on 10/13/2013 7:44:00 PM PDT by txrefugee
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To: Olog-hai

Here’s a suggestion to the rest of the world. If you’re so concerned about the US defaulting, forgive our debt.

Plus, default will occur ONLY if obama does it. And the republicans believe he will do it. They should be shouting from the rooftops “Obama WANTS to default!”


49 posted on 10/13/2013 7:44:59 PM PDT by VerySadAmerican (".....Barrack, and the horse Mohammed rode in on.")
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To: Olog-hai

World economics for the LIV’s
http://www.youtube.com/watch?v=mII9NZ8MMVM


50 posted on 10/13/2013 7:45:37 PM PDT by John 3_19-21 (Don't like Gramnesty? Support Lee Bright www.brightforsenate.com/)
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