Commodity Trade Mantra

Posts Tagged ‘Debt Ceiling Deadline’

Can President Obama Nationalize U.S. Oil Fields?

Desperate times call for desperate measures – If Congress’s stubbornness really were to push the United States into the financial abyss, President Obama might even do the unthinkable: Nationalizing the country’s Oil Fields.

What A U.S. Debt Default Would Mean For The Global Economy

Just for starters – A U.S. debt default would cause stocks and bonds to crash, would cause interest rates to soar wildly out of control, would cause a massive credit crunch and would cause a derivatives panic that would be absolutely unprecedented.

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