Days
Commentator
The face of the One Dollar bill is President Washington, but turn the one dollar over, and what do you see smeared all over the back of it? The power behind the money.
Consider what is happening right now.
Pretend for a moment that John Boehner isn't bluffing. He doesn't look like he's bluffing.
Suppose the Speaker of the House follows through with his stated position. The executive branch gets no debt ceiling increase. What happens?
Well, we have bonds to make good. You understand that part, right? When Treasuries mature they get redeemed. So, in order not to default, the executive branch has to come up with money to service the debt. Now, since revenues are shorter than the budget requires (we are still running one whale of a deficit) ... that leaves exactly two other possible sources of money with which to service the debt.
1) Sell more bonds at auction ... but this increases the national debt.
2) Print up United States Notes in the mints, or even, mint some mighty big dollar value coins. This is completely legal, was done for 150 years, so it has lots of precedent, costs us next to nothing, and it lowers the national debt, instead of raising it.
So, given this scenario. Why? Why would president Obama not even consider #2?
Why isn't the whole nation screaming at him to do #2?
And why are all of you, entirely ignorant of your own money?
If it isn't because of the Illuminatti working to keep your public education completely devoid of the real history of America and it's money... why does this nation go on cutting its own throat?
And after you cut your own throat, you totally deny you are bleeding... and dying.
Wake up and smell the Illuminatti.
Consider what is happening right now.
Pretend for a moment that John Boehner isn't bluffing. He doesn't look like he's bluffing.
Suppose the Speaker of the House follows through with his stated position. The executive branch gets no debt ceiling increase. What happens?
Well, we have bonds to make good. You understand that part, right? When Treasuries mature they get redeemed. So, in order not to default, the executive branch has to come up with money to service the debt. Now, since revenues are shorter than the budget requires (we are still running one whale of a deficit) ... that leaves exactly two other possible sources of money with which to service the debt.
1) Sell more bonds at auction ... but this increases the national debt.
2) Print up United States Notes in the mints, or even, mint some mighty big dollar value coins. This is completely legal, was done for 150 years, so it has lots of precedent, costs us next to nothing, and it lowers the national debt, instead of raising it.
So, given this scenario. Why? Why would president Obama not even consider #2?
Why isn't the whole nation screaming at him to do #2?
And why are all of you, entirely ignorant of your own money?
If it isn't because of the Illuminatti working to keep your public education completely devoid of the real history of America and it's money... why does this nation go on cutting its own throat?
And after you cut your own throat, you totally deny you are bleeding... and dying.
Wake up and smell the Illuminatti.