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Birmingham Post
Birmingham Post
Business
Peter McGahan, chief executive of Worldwide Financial Planning

REVEALED: Debt ceiling wrestling matches or de dollarisation | Vintage Vibes

Reluctantly, I write about the US debt ceiling farce. Why? Because headlines are everywhere describing all the potential chaos around the likelihood for the US to default, and each journalist wants the public to read their wonderful variation.

In short, if they defaulted, we are all probably nuked to one degree or another, so describing the impact of the weather on your flowers in varied columns is like stopping a tsunami with those cheap pub toilet tissue papers. Pointless, but it might get attention.

Google ‘debt ceiling’ and you’ll see it repeated over history like ‘A Place in the Sun’. Same old twaddle. Watch the videos, read the previous headlines, or just watch any TV programme. We know how it starts, what happens and how it ends. Avoiding the above nuke is a good plan that no government wants to have on their already dodgy cv.

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