Yellen Warns Congress U.S. Could Default Sometime in October

Today we will look at a letter sent by U.S. Treasury Secretary Janet Yellen to House Speaker Pelosi and other congressional leaders warning them that the U.S. would default unless the debt ceiling impasse is solved in the next month. We will also look briefly back at 2011 when the U.S. came close to defaulting during another debt-ceiling crisis.
See Also: (Maneco64) – Former Fed Advisor Says Central Bankers Have Lost Their Backbones


This interview with Wiliam L.Siber was conducted on Thursday, September 9th, 2021. We spoke about Mr. Silver’s new book entitled The Power of Nothing to Lose: The Hail Mary Effect in Politics, War, and Business and much more. The main message from William Silver to the Federal Reserve is that it is putting the dollar under threat of losing its credibility with its highly accommodative monetary policy. William Silber’s new book The Power of Nothing to Lose: The Hail Mary Effect in Politics, War, and Business. My video about Mr. Silber’s book on silver: Former Fed Economic Advisor Says Gold and Silver Remain as Storehouses of Value. https://youtu.be/PYOOjdv-nWA