This is a catalog for my own benefit. You are welcome to peruse it .. But so much was happening I couldn’t get a grasp of it, so I put it here…..

Dollar collapses to record low against Swiss Franc……

Tuesday’s Congressional Budget Office analysis said the GOP measure would cut the deficit by about $850 billion over 10 years, not the $1.2 trillion originally promised. Even more embarrassing was a CBO finding that the measure, which would provide a $900 billion increase in the nation’s borrowing cap, would generate just a $1 billion deficit cut over the coming year.

California planned to borrow about $5 billion from private investors as a hedge against a possible federal government default.

Believe it or not, for those of you who lived through the nineties, Brazil’s default risk, is now lower than that of the US… Republicans have sunk us into the Third World…. Is Brazil that good, or we, thanks to Eric Cantor, really that bad of a risk?

For the first time ever…. It costs more to insure U.S. Treasuries for one year than for five years as investors anticipate that a failure to raise the debt ceiling will prompt rating companies to declare the nation in default.

Federal officials reported Friday that the economy added only 18,000 jobs in June — far below the number predicted by most economists. Unemployment inched up another tenth of a point to 9.2%. As everyone takes a wait and see stance over debt ceiling negotiations..

On the Laura Ingraham radio show Wednesday, House Speaker John Boehner acknowledged that “a lot” of Republican House members “believe that if we get past August the second and we have enough chaos, we could force the Senate and the White House to accept a balanced budget amendment.”

The Dow Jones Industrial Average settled down by 198 points, or 1.6%, at 12,303. The S&P 500 dropped by 27 points, or 2%, at 1305, and the Nasdaq sank 75 points, or 2.6%, at 2765.

Over 5 Trillion Dollars of wealth, has disappeared because of Eric Cantor and his renegade Republicans.