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Ben B. Nixed The Coin - What Does That Mean?
In the past 24-hours I've been reading the postmortems on the Coin; I just watched the Sunday morning shows. In my opinion, the Press is missing the story.
The key sentence from the White House that killed the Coin for good:
“Neither the Treasury Department nor the Federal Reserve believes that the law can or should be used to facilitate the production of platinum coins for the purpose of avoiding an increase in the debt limit”
I think the line "Treasury nor the Fed", is baloney. It was the Fed, in a message delivered by Bernanke, that caused Obama to back off on any consideration of the Coin. There might have been wiggle room in existing law to print a Coin, but there is nothing that says that the Fed had to take it. And Bernanke said, "No". When Obama ditched the Coin, he did it because it was no longer an option. Bernanke took the option off the table. The WH statement makes it sound as it it was their decision, that's just smoke and mirrors.
What bothers me about this is the timing. Why would Treasury/WH go public with its position on the Coin weeks before the deadline was reached? There are at least 14 days left before the SHTF, so, "Why now?"
Did Bernanke put pressure on the WH with a threat to go public that he was unwilling to accept a Coin as valid payment? If so, the WH would have wanted to get ahead of the Fed, so Treasury came out with the nix.
I think Bernanke got some calls from other Central Banks. They told him it would be a dangerous precedent for America to do this. If there are coins to be printed, it would be better if some other country (possibly Japan) do it first. After all, the dollar is still the #1 reserve currency. The foreign CBs have some say in this.
I also think that Bernanke got calls from Republican leaders. Heavy hitters, like Richard Shelby (R, Al), can get Bernanke on the phone. I'm sure that these folks told Ben that if the Fed facilitated the Coin, they would raise hell. They would rake Bernanke over the coals.
But guys like Bernanke don't just roll over when someone whistles. And old timers like Shelby don't make one sided-deals. So what could have been winked, nodded and agreed to by all of the actors on this stage?
Take the Debt Limit debate completely off the table.
Republicans have everything to lose if they force the country to functionally default on the debt. If they did that, they would get murdered. Kiss-off the Republican party for another eight years. The Reds would probably lose the House bi-elections, and their majority; and they know this.
If Congress passed a 6-12 month extension of the Debt Limit, it would not diminish the Republican bargaining position at all. In fact, it would strengthen their position, and improve their public perception (from the current level of +0.01).
The Debt Limit is not the only line in the sand for Republicans. They have the Sequestered Amounts they can fight over, but even that is a sideshow. The real issue that will trip up the Administration is the need for a Continuing Resolution. The CR is required by law, if there is no budget approved by the House. It is now 1,350+days since the US has had a budget. There is no way in hell we are going to have one in the next 90 days.
If the Republicans want to shut down the government, they have a much better issue to do it over than the Debt Limit. (The CR will do the "job" ) So watch for what appears to be a "concession" from some Republicans this week. Don't cheer too loudly if this happens (the markets will - at first). It doesn't change the fact that a showdown is coming, and it's coming pretty quick. The chance for a big brawl, that ends up shutting the government down, is still very much in the cards.
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More theatrics. The Rothschild Int'l Bank, alias the "Federal Reserve", nixed the coin. Having stolen all our gold...the Jews want more gold, not a round of plat with a # stamped on it. And the GOP will do nothing about the debt ceiling. Or the CR. Or anything else, except huff and puff. Just as there is no market anymore, there is no real politics anymore either. Demicans/Republicrats are two wings of the same Zionist-Stalinist vulture.
Could you explain the "Zionist-Stalinist" thing? I thought Stalin hated the Jews as much as Hitler did and killed many thousands in his own right. Now the Jews and Stalinists (whatever that even means) are joining together with the Rothschilds and (presumably) the Bildebergs and the Knights Templar to rule the world? I've honestly never understood why so many people fear and hate the Jews so much.
What we need is a great big melting pot (bankrolled by Ashkenazi Jews), big enough to take the world and all it’s got (the white Christian nations), to turn out coffee-coloured people (gullible goyim) by the score.
Note: Ashkenazi Jews exempt of course. They being ‘The Chosen’ it is vital they retain their ethnic Identity, religion and culture.
I don't hate Jews especially the ordinary person.
But I don't appreciate the victim mentality and their forcing on the west of their multicultural holocaust proofing
Buying off Zionist politicians like tony blair and most of congress.
They are playing with fire
+1
why bother when the constitution is being shredded by a constitutional lawyer and his impotent AG every day?
---"impotent AG--" doesn't quite capture the reality of the situation. "Co-conspirator of an AG" is more like it.
legal tender is as legal tender does
who cares whether the FR emits some digitals or whether the treasury issues a stamped disk. by tendering it to you, we hereby extinguish the debt.
hugs,
kubla khan
Q: Why did they kill the coin after floating it in the MSM for more than a week?
A: When Jon Stewart and the Daily Show pan it as a stupid idea, they know this will not fly, because that is where people are turning for serious news analysis these days.
Anyone still think we're not screwed if you're right about this?
This was the ultimate test of - "just how stupid are the sheeple"?
There is now a sliver of hope in my heart.