http://www.zerohedge.com/news/2013-10-17/slowly-first-then-all-once
Last night, after more than two weeks of utterly embarrassing theater, the government in the Land of the Free inked a deal to kick the can down the road a few more months. And in doing so, they set a very dangerous precedent.
As part of the bargain codified in HR 2775 (which President Obama signed into law), the Treasury Department is authorized to SUSPEND the debt ceiling. In other words, for all intents and purposes, there is now NO LIMIT government borrowing.
First, there was QE Infinity, now there is DC infinity. Imagine having a limitless credit card (called Suspended Debt Ceiling). Just like the thiefs in Louisiana who had a window of opportunity to pilfer the food stamp coffers, Uncle Sam has now created itself a "legal" window of opportunity to do the same, just on a grander scale. They should have forbidden any new debts for the next three months and just pay current debts.
Comments
Without crashing the entire system you will allow it to keep recreating the old system. There is no way we can continue with a debt based system where the money loaners can control the outcome.
Susan,
No offense, but is thinking that there can be balance to someone stealing from you very sensible.
That car you might buy comes with a hefty interest charge that is for what exactly?
What happened to saving for something anyway?
Keith,
As I mentioned on your post linked below, that video should be viewed by everyone. The whole monetary system is criminal fraud designed to steal from unsuspecting people who simply do not know what money is.
This government has chosen to continue their criminal theft forcing their illegal debt upon unsuspecting people and everyone believes that they are obligated to pay for it.
What can we do, we can all refuse to pay any debts from here on out and stall this criminal system that they are taking advantage of. Stop paying one more penny to the IRS, one more penny for any government fee.
If every American simply stopped paying the debt that they think they owe, then this system would no longer be a viable vehicle for the government, banks or any other criminal organization that are using it to steal from us.
Only because they have everyone believing that they own the debt and have to pay, we are unknowingly allowing it to continue.
Any law that was created to keep people fearfully thinking they must pay is an illegal law enacted by the same criminals that are doing the theft from us.
I understand that our society would descend into chaos if debt payment was stopped, but you have to start somewhere. Our fear of that chaos is what is keeping us from, and will keep us from doing anything to end the criminal theft.
The governments and banking systems laugh at us and know that we will do nothing to stop them. So every day that passes the theft will get worse until we the people will be drowning in the debt that they are creating out of thin air.
And every day they will transmit through media what terrible penalty we will get if we don't pay.
They have every person brainwashed with fear of consequences for not paying. Can we overcome the fear?
Our own thinking is the only thing that can set us free.
Thanks. Keywords are "suspends the debit limit." Drunken sailors with a Carte Blanche card.
No, they don't. The endgame is upon us.
OMG is right it is way worse than I thought. A suspended debt ceiling what a nice word for planned total default. How much will O borrow this time. Any country with any sense will run from the dollar and they have started already with the Circus show just put on. The Mainstream media should be banned from ever doing another broadcast, the people in this country have no idea what just happened to them.