Secretary Yellen during a meeting with the President of Zambia Hakainde Hichilema in Washington, DC. Photo: Kevin Dietsch/Getty Images
It's also the unvarnished prediction of a former Fed chair who had a ringside seat to the 2011 debt ceiling showdown, when credit agencies downgraded U.S. debt for the first time in American history."Of course, it makes me nervous," Yellen told Axios from Johannesburg, South Africa, at the end of a 10-day trip across the continent. “It would be devastating. It's a catastrophe.”
Yellen is a problem
I've long suspected that so called 'debt' is actually a Ponzi scheme, lol.
Janet Yellen looks like Captain Kangaroo
🙄🙄🙄 We have heard this fear porn how many times?
Everything is approaching catastrophe....
She does not instill confidence!
blah blah blah
US will default ? Gosh.
Both Republicans and Democrats have been complicit in this crime. Unfortunately the larger the debt is the more pain all Americans will endure. Personally not a gold bug, but the gold standard did enforce some type of government restraint from endless $ printing/spending.
Such a worthless Biden/Soros employee!
AndrewSolender I don’t think this scare talk is productive
Nothing but grandstanding. When has the US not raised the debt ceiling? Never. They may play a game for the media with fake government shutdowns and all, but it always gets raised and more money is borrowed. She is a Central Bank Crony printing Monpoly money at record levels
Defaulting on what? To whom? It’s all smoke and mirrors at this stage.