Details » Debt relief services

- Url: http://creditorsrelief.informe.com/
- Category: Online Communities
- Description: Creditors Relief provides custom designed debt reduction programs, and are proud help Americans to reduce their debt and regain their financial freedom.
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- Created On: Dec 20, 2010
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1. | Feb 15, 2018
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4. | Jul 26, 2014
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5. | Jul 10, 2014
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9. | May 29, 2013
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11. | Mar 8, 2012
More seriously, if America doesn't raise the debt inclieg, it's likely that it will technically go bankrupt for some time in early August.First, the US is technically bankrupt if standard accounting methods were to be used. Total federal debt plus unfunded liabilities stand at more than $100 trillion and are growing at more than $5 trillion per year. Try and do the math and figure out how a $14 trillion economy can handle those obligations. The rating agencies will lower the rating - one of them may even change AAA to D for a little while - and the rating is unlikely to return to AAA. That should be true for all agencies.Why would that be the case? There is plenty of money flowing in and there is no risk of default on interest payments if that is what Obama or Congress wish. The problem will come from spending commitments that cannot be met but that is a good thing as far as bond holders are concerned because lower spending means a better likelihood that bonds can be paid off in the future.Of course, most investors won't care.I do not think that it is normal investors who are buying US treasuries at the moment. The bond market is rigged by the Fed and other central banks.