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4 Comments

  1. 1) The default (partial) may be coming a LOT sooner than people expect:

    https://www.bloomberg.com/news/articles/2017-07-14/trump-may-have-to-use-obama-s-secret-debt-plan-worrying-markets

    “Deep within the Treasury Department sits a once-secret plan written by the Obama administration that could lead to the first-ever default on U.S. debt. Bond traders are worried that Donald Trump’s Treasury secretary may have to use it.

    The U.S. government will reach its statutory limit on borrowing some time in October, the Congressional Budget Office estimates. The Trump administration has asked Congress to raise the ceiling before then, but it is running into the same complications the Obama White House encountered: lawmakers, mostly Republicans, who want to use the debt limit as leverage for controversial policy changes.”

    2) What the lying news media is NOT reporting prominently: Our NIIP (net debt owned to foreigners ) greatly increased in Obama’s 8 years — from around $2.5 Trillion to over $8 Trillion today — over 40% of our annual GDP.

    https://www.bea.gov/newsreleases/international/intinv/intinvnewsrelease.htm

    What happens if China,Japan etc turn off the spigot?

  3. “Unequal weights and unequal measures are both alike an abomination to the Lord.” — Proverbs 20:10 (ESV) Worthless “loans,” issued at the “cost” of electrons, paper, and ink, by the Federal Reserve Scam are the textbook example of unequal measures, since they must be “repaid” in real labor, real goods, and worse, at interest! The US government enslaved all of its citizens when it created the Fed. Government schools carefully “educate” each new generation of slaves to be unable to comprehend their enslavement. That abominable unequal measure, improperly called the “dollar,” has fostered the creation of most of the manmade disasters we must now plan to survive.

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