The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (53485)	10/15/2013 8:45:20 PM
From: John	Read Replies (1) of 71446

If we assume that neither chamber of Congress advances a bill in time to avert a debt default -- and I do recognize that the Thursday deadline is, in fact, a soft one -- does POTUS have the legal authority to declare that debt payments to bond holders are a matter of "national security"? If so, I could imagine a scenario where POTUS issues an Executive Order to that end, effectively usurping the official debt limit. An executive order declaring an issue as a "matter of national security" has very broad implications and corresponding powers to apply it. Regardless, nothing that they do should remotely surprise anyone anymore.

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