Revelation 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, "A quart of wheat for a day's pay, and three quarts of barley for a day's pay, and do not damage the olive oil and wine!"
Christine Lagarde, managing director of the International Monetary Fund, said that a failure to raise the United States’ debt ceiling could have much more significant worldwide impact than the current government shutdown.
Legarde said it was “mission critical” for the U.S. to raise the debt ceiling.
Legarde said that she predicted growth in the U.S. economy and that it was “picking up steam” before the shutdown and the potential debt ceiling problems. She said that worldwide the economy is starting to pick up and that even the Eurozone could see 1% growth in 2014.
The U.S. Treasury has also been warning about the country hitting the debt ceiling and being unable to pay bills.
“A default would be unprecedented and has the potential to be catastrophic,” the Treasury stated in a report. “Credit markets could freeze, the value of the dollar could plummet, US interest rates could skyrocket, the negative spillovers could reverberate around the world, and there might be a financial crisis and recession that could echo the events of 2008 or worse.”
