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Politics : The Obama - Clinton Disaster
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To: stock bull who wrote (52367)7/6/2011 9:54:17 PM
From: John2 Recommendations  Read Replies (1) of 103300
 
If the United States defaults on its sovereign debt and obligations to bond holders, several things will happen.

First, bond prices will plummet and the interest rates on maturities and new issues will soar in a feeble effort to attract new investors and keep the fiat ponzi scheme going. Cash will become increasingly hard to come by. The immediate ancillary effect of this will be that many businesses will close and unemployment will soar.

Second, equity markets will crash and the value of the dollar will plunge.

Third, inflation will soar.

These three primary factors will result in a dramatic and significant decline in the U.S. economy, which is precisely what needs to happen. Why? Because the U.S. economy is artificially propped up by a fiat monetary policy and the outright fascist policies of the United States government, its central bank (Federal Reserve), and the investment banks/insurance houses.

The fact of the matter is that the United States is approaching the three-year mark in a dark and bleak era of post-capitalism. It must end and capitalism must be restored. A sovereign debt default would precipitate the painful beginning of that. There is no painless way for it to happen.

I don't care if gas is reaches 50 dollars/gallon, there is widespread anarchy on the streets, and Wal-Mart shuts down. Whatever it takes to return the United States to freedom and capitalism after the coming turmoil is dealt with and those responsible are held accountable and punished.

Of course, I harbor no belief that a default will actually transpire. Congress will raise the debt ceiling as their central bank masters direct them to. -ng-
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