Christine Lagarde, the boss of the International Monetary Fund, the globalist monetary cartel, is warning that unless future generations are socked into debt the entire world is in danger of financial collapse.
She told NBC’s Meet the Press on Sunday that during the staged government shutdown fiasco Americans suddenly discovered the real issue at hand is the debt not the shutdown of the government.
Lagarde told Bloomberg last week that increasing the debt is the primary issue at hand, even more important than a weak GDP, millions of Americans out of work, and the collapse of living standards. If the debt ceiling is not jacked up, she said, it will have “very negative consequences for the U.S. economy and spillover effects which mean negative consequences for the rest of the world… It could precipitate another crisis if it was to last longer.”
European bankster Mario Draghi echoed Lagarde’s warning. He said “it is probably safe to say that this could cause severe damage to the U.S. economy and the world. The world still does not believe that the United States will not find a way out.”
On Sunday, the House Republican leadership signaled it is ready to cave on the debt issue. If a compromise between Republicans and Democrats is not reached by Monday, Speaker John Boehner (R-Ohio) and other top GOP lawmakers may pass their own six-week debt extension on Tuesday. The scheme to fund the government was cooked up by Senator Susan Collins, a Republican from Maine. It was immediately rejected by Democrats in the Senate.
Meanwhile, Republicans in the House are continuing their effort to get serious about addressing a crippling government debt. Paul Ryan is leading a group of fellow Republicans in an effort to oppose Collins’ kick the can down the road approach to the debt.
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Contributed by Kurt Nimmo of Infowars.com.