dollar burningThe United States is only two days away from financial collapse - unless lawmakers can strike a budget deal to avoid default.

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Rival Democrats and Republicans have been stuck in a loop for over two weeks, with most government work crippled.  RT’s Anissa Naouai reports on the deadlock that could spark a domino effect around the world.

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    • SLG
        It would not surprise me in the least  that what you say will happen.  
      PM Criminals abound with no legal fetters on their actions so full speed ahead, smash  prices and let the devil take the hindmost. 
      But if these government drones  screwed around and did allow the ‘debt default’ to occur, I would not be surprised to see metals get smacked in that scenario and mostly due to a large drop in the DOW etc, dragging down the commodity prices with them.
        Damned if you do, damned if you don’t 
      This is some amazing theater, much like the Clinton Gingrich wars of 1995 and 1996 when the government shut down for over 5 weeks.  In our present case, i would not be at all surprises that KLUMMAC will pull some EO stunt and then the poop will  really hit the fan.
      PS  I prefer larger print for my old eyes. Thanks
        I’m the secretary for our service group. We are all over 60. I do all the minutes and correspondence in Ariel 14 and dark print

  1. Hi Doc – Have no fear
    The debt ceiling limit charade
    - is just being played out from the same old tired hymme book…. for about the 16th time
    - by the puppet actors - you know as – congress

    Clip from – your – US Congressional record

    NB

    The FED in return has agreed……to print & print and print……..all the credit “money substitute” …..it needed…..forever.

    Quote
    Congressional Record, March 17, 1993 Vol. 33, page H-1303

    Federal Reserve Act (1913)
    “Hypothecated” all property within the federal United States to the Board of
    Governors of …..the Federal Reserve,
    -in which the Trustees (stockholders) held
    legal title.

    The U.S. citizen (tenant, franchisee) was registered as a
    “beneficiary” of the trust via his/her birth certificate.

    In 1933, the federal United States hypothecated
    - all of the present and future properties, assets and labor of their “subjects,” the 14th Amendment U.S. citizen, to……
    the Federal Reserve System.

    In return, the Federal Reserve System agreed to extend the federal United
    States corporation

    - all the credit “money substitute” …..it needed.
    - (Unquote)

    ………………………………………………………………………………..

    Short youT re “the Charade”

    just 6 min

  2. With the possible debt default looking, the chinese are dumping US Treasuries and putting their money elsewhere, and I don’t mean only in PM’s. 

    For example, some are investing in farming. Cockroach farming, that is…
     

    • MAM, You right old Friend. China is putting a lot of big money in third world infrastructure and making a lot of friends along the way. I wish that China, Japan and Russia would simply dump all treasuries at one time and be done with it. Then a natural collapse of all derivatives, bonds and over priced equities would totally collapse and all commodities would go to Mars and beyond!

    • “Then a natural collapse of all derivatives, bonds and over priced equities would totally collapse and all commodities would go to Mars and beyond!”
       
      Right.  So when you go to the store and see that $50 loaf of bread or that $25 pizza, you called it.  ;-)

  3. LOL
    I think this time could be different.  Everyone is expecting it to all end well in the final hour.
    Keep your money in and do nothing “Suze Orman”.  And while she said that I noticed her
    eyes looking away, briefly, every few words.  When you can’t say something like that, with your
    eyes on the person your talking to, and never break contact, it tells me the person is lying.
     
    On a lighter note,
    Last night (on Local TV station) I saw the “30 ROCK” episode where Tracy goes on Larry King.  In the middle of the
    interview the world markets start TANKING.  And Tracy gets on the wagon to SELL SELL SELL.  Jack
    calls into the show to try a calm everyone…
    It’s like, ah… Good timing???  Trying to tell us something?
     
    Never let a good crisis go to waste!

    • @SilverHawk … I agree with you that this time WILL be different. I think this is the perfect opportunity for TPTB to crash the world. It is perfect because it is no single person or party’s fault, and it has all been expertly engineered to illustrate that  … ‘our political and financial system just doesn’t function properly’ … and so we need a new system, hmmm, let’s think …. hmmm … One world gov and bank, YEAH!!! A real solution for the real world.

    • @Chief
      If it does fail, which at this hour NO VOTE until Wednesday, it would be the perfect storm to
      blame it all on the Tea Party.  Which they’ll use against them in the next election campaign.
      Overnight markets are gonna look interesting.  Saw that if there was no deal an hour before
      Wall St. closed today, Gerald Celente said he was cashing out.
       

  4. The World Central Planners are like Keystone Cops if you are old enough to remember who they are. Control has been lost and Gold and Silver have been down accordingly, but save all we are one-two years away from harvesting investments in Gold and Silver. Gold and Silver as well as all commodities will recover faster than any collapsed economies! So without really saying, how are you going to pay for all other commodities?…Gold and Silver of course!

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