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America Is Going To Be Bankrupt Before The End Of October And This Could Mean The Start Of Another Recession For Our Neighbours

The United States is going to be bankrupt on October 18 and unless their government comes up with a solution they are going to be in big trouble.

Basically, if the US doesn’t take the right actions within the next couple of weeks, it’s going to default on its debt, which would tank the US markets and throw the country into a recession.

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This fear comes after US Senate Republicans blocked a bill that would have raised the US debt ceiling and thus avoided the US defaulting, at least for some time.

U.S. Treasury Secretary Janet Yellen also said that there is a risk that the country could run out of money even earlier than the October 18th date which could force the US into an accidental default.

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