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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: DuckTapeSunroof who wrote (35704)8/17/2010 5:08:59 PM
From: Wayners  Read Replies (2) | Respond to of 103300
 
Moody's, they won't downgrade until after a default. Great service they provide huh? Or maybe Moody's expects the Feds to force people to buy their debt in their pension and retirement funds giving a boost to the "full faith and credit" BS line. You have to have a lot of faith because there isn't much more than paper on the assets side of the Federal Reserve's balance sheet and I'm not sure the Federal Government's land holdings and natural resource permitting rights will hold up the liability side. When the Federal Government does finally default and the Federal Reserve demands a liquidiation, the Private Banksters will then control all Federal Property and all United States natural resources and after they take all of that any remaining shortfall will be put directly on the taxpaying citizens..and if they don't pay the confiscatorial increase in taxes to make up the difference, the banksters then take your land, buildings, and personal property.