Global Markets Falter as US Government Shuts Down!

• The US is in crisis as the US Government shuts down!
• Millions without work as of today!
• Global chaos and certain doom inevitable, say experts.

The Global Economy is facing a catastrophe of unprecedented scale as the US Government plunges into crisis after failing to meet a 2:00pm (AEST) deadline to agree on policy funding.

The crisis means that around 800,000 workers will have no job to go to, and international icons like the Statue of Liberty, Grand Canyon and Smithsonian Institution will close their doors to the public…!!!

It’s the first time this has happened in 17 years, forcing almost one million people out of work and simultaneously battering financial markets around the world.

For most of the world, a government shutdown is very bad news, and is usually the result of revolution, invasion or disaster….!!

Even in the middle of its so-called “civil war,” the so-called “Syrian government” has continued to pay its bills and its workers’ wages.

For leaders of one of the most powerful nations on earth to willingly provoke a crisis that threatens to suspend public services and decrease economic growth is simply astounding.

CHAOS WILL FOLLOW SAY EXPERTS!

Despite the desperation of behind-the-scenes congressional talks to avert the paralysis of American government and the impact of that on the national and world economies, neither the Democrat-controlled Senate, backing President Barack Obama’s budget health reforms, nor the Tea Party-led Republicans in the House could reach a satisfactory agreement.

Any hope of resolution was effectively doomed when the Senate swiftly killed the latest House measure to delay President Obama’s health care law .

The White House budget director has ordered federal agencies to shut down after Congress failed to pass the national budget.

“Agencies should now execute plans for an orderly shutdown due to the absence of appropriations,” said Sylvia Mathews Burwell, director Of the White House Office of Management and Budget in a memo.

WHAT DOES IT ALL MEAN?

The shutdown means all “non-essential staff” – about 800,000 of the total 2.1 million-strong federal workforce – will stay home from work in what’s known as ‘furlough’. Here’s how it would affect certain sectors:

• The White House and Congress: Facilities will remain open, although both are likely to lose some staff. Some US lawmakers, like Congresswoman Tulsi Gabbard of Hawaii, have pledged to return their salaries to the Treasury or donate them to charity.

• Museums and Parks: Smithsonian museums and all 368 sites in the National Park Service system will close.

• Economy: Senate Majority Leader Harry Reid has said that a temporary shutdown will “shatter our economy”. That may be hyperbole, but the impact could be significant. According to Macroeconomic Advisers, the effect of a two-week shutdown on fourth-quarter GDP growth would be 0.3 percentage points.

• National icons: Major national parks like Yellowstone, the Statue of Liberty, the Grand Canyon and Philadelphia’s Independence National Historical Park, home of Independence Hall and the Liberty Bell, will be off limits.

Plenty of other services will be affected such as clinical research trials, some pension payments, airline complaints, food safety inspections, mortgage processing, even weddings and the Puppy Press Conference will be called off.

The move will have a huge impact on financial markets. Wall St is already lower and investors are bracing themselves for an even bigger meltdown on October 17, when the government will face its deadline on the national debt ceiling.

Events in the US are crucial because they are the bedrock that nearly every other investment is built upon, largely due to the assumption that the nation will always pay its debts.

Make no mistake…

WE ARE ALL DOOMED!