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16-10-2013, 12:50 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
A failure by the US government to raise the debt ceiling will also force the US to default on the interest for its Treasury bonds, which could then lose its status as the safest financial assets in the world. If this happens, the value of the US Treasuries - of which Singapore holds about $101.6 billion - will almost certainly drop.
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?166079-Your-101-6-billion-down-the-drain-soon!-Who-did-you-Vote-for&goto=newpost).
A failure by the US government to raise the debt ceiling will also force the US to default on the interest for its Treasury bonds, which could then lose its status as the safest financial assets in the world. If this happens, the value of the US Treasuries - of which Singapore holds about $101.6 billion - will almost certainly drop.
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?166079-Your-101-6-billion-down-the-drain-soon!-Who-did-you-Vote-for&goto=newpost).