muses of the moment

November 10, 2012

Warning from John Williams of shadowstats.com

Filed under: The Dollar Crisis, The Federal Reserve, The Financial Crisis, US Government Debt — totallygroovygirlfriday @ 8:11 pm

From John Williams:

– Negative Indication for Meaningful Lame-Duck Negotiations on the
Budget Deficit, “Fiscal Cliff” and Debt Ceiling

Government is delaying the Dec. GAAP financials until mid January when Congress is in “real” session. It is highly likely that those financials are not good at all. Those numbers will likely cause concern in Congress, but more importantly, abroad with US creditor nations and European leaders.

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