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COLUMN: 'What We've Got Here Is . Failure To Communicate' - Tuscaloosa, AL - Tuscaloosa Patch founder Ryan Phillips offers his thoughts over the contentious debate regarding the Northport Community Center and park.
what should our viewers be bracing for? well, what you got today from janet yellen is the financial plumbing. she basically did the she told us the robbing peter to pay paul. you saw the money being moved around. and on june 5th, she essentially can no longer pay everyone. at the moment she s just about paying everybody. but overall what will happen on june 5th is she ll have to prioritize. so, then it becomes a question, do you pay social security? do you pay bond holders? which debts do you pay? and that s what happens post june 5th. i think what we re now going to see the markets getting very serious about it once we go into next week. and wolf, as i ve said before, when this happens, when the markets do give their reaction, it will be fast. it will be brutal, and it will be nasty because it s going to happen somewhere in the financial plumbing that