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Boehner Says We Are "On The Path To Default", "It Is Time For Us To Stand And Fight"
Despite the late Friday market optimism that the government shutdown, and more importantly debt ceiling impasse, may both be coming to an end as more republicans appeared ready to pass a "clean" continuing resolution, it was only fitting that a few hours after Bank of America said an "agreement is almost impossible as long as Obamacare is on the table", that the House speaker Boehner, who appeared on ABC with George Stephanopolous' This Week earlier today, escalated matters once again making any near term resolution virtually impossible.
That this happens on day 6 of the government shutdown (and with neither chamber of Congress set to meet until Monday evening, an eight day or longer shutdown is virtually inevitable) is bad. That this is happening with 11 days left until the debt ceiling X-Date is worse, especially since the republicans have made it clear they will now look to roll the debt ceiling negotiation into the government shutdown debate, both of which are driven fundamentally by the republicans' opposition to Obamacare. Furthermore, with the halfway reopening of the government following the recall of furloughed Pentagon civilian employees, the government's cash will run out that much faster.
Ironically, the fight to defund Obamacare came in earlier than many had expected. As Politico notes, Boehner had expected that the Obamacare fight would come during the next vote to raise the debt ceiling, “but, you know, working with my members, they decided, let's do it now," he said. "And the fact is, this fight was going to come, one way or another. We’re in the fight. We don't want to shut the government down. We’ve passed bills to pay the troops. We passed bills to make sure the federal employees know that they're going to be paid throughout this.... You've never seen a more dedicated group of people who are thoroughly concerned about the future of our country," he said of House Republicans.
"It is time for us to stand and fight." Boehner added.
Below is the excerpt which contains Boehner's admission that he may have changed his mind on a stern resolve to not let the US default:
Boehner also appeared to back off of private assurances he’s offered colleagues that the nation would not default on its debt. Treasury Secretary Jack Lew has said the nation will run out of ways to continue to pay all of its bills Oct. 17, making an increase in the debt limit an urgent priority.
Boehner said repeatedly that he does not intend to have the nation default on its debt. But he declined to guarantee that he’d bring a debt-limit bill to the floor of the House without concessions from Democrats.
Asked by Stephanopoulos whether that no negotiations means the country will default on its debt, Boehner responded: “That’s the path we’re on. Listen, the president canceled his trip to Asia. I assumed, well, maybe he wants to have a conversation. I decided to stay here in Washington this weekend. He knows what my phone number is. All he has to do is call.”
About not having enough votes to pass a clean CR in the House, despite evidence that this may no longer be the case as ever more Tea-Partiers flip:
Some 21 House Republicans have said publicly that they’re willing to
support a “clean” measure to extend all government funding without other
conditions attached, according to ABC News’ count. That’s apparently
enough, when added to Democratic votes, to pass a bill out of the House.
But the speaker disputed that notion: “There are not the votes in the house to pass a clean CR.”
“The nation’s credit is at risk because of the administration’s refusal to sit down and have a conversation,” he said. “The votes are not in the House to pass a clean debt limit. And the president is risking default by not having a conversation with us…. We’re not going down that path. It is time to deal with America’s problems. How can you raise the debt limit and do nothing about the underlying problem? ”
Just like to Obama it is all the republicans' fault, so the vice versa is obviously true:
Boehner acknowledged that the showdown over government funding, aimed at scaling back the Obama health care law, isn’t a fight that he chose. He also appeared to confirm that, in conversations with Senate Majority Leader Harry Reid, he had previously sought to ensure full government funding, only to be convinced to take a different course after consulting with his fellow House Republicans.
“I and my members decided that the threat of Obamacare and what was happening was so important that it was time for us to take a stand. And we took a stand,” he said. “I thought the fight would be over the debt ceiling. But you know, working with my members, they decided, well, let’s do it now. And the fact is, this fight was going to come, one way or the other. We’re in the fight.”
Finally, and as always, the bottom line is the simple revenue vs spending issue:
Boehner suggested that he’d like negotiations with the president to include entitlement reform. But he ruled out including new tax revenues as part of a deal.
“The president got … $650 billion of new revenues on January the 1st. He got his revenues. Now, it’s time to talk about the spending problem,” he said. “Very simple. We’re not raising taxes.”
Which, as the Supreme Court found, is just what Obamacare is.
In conclusion:
STEPHANOPOULOS: So bottom line, you're saying this is your absolute position. If the president continues to refuse to negotiate over the debt limit, if Democrats refuse to continue to negotiate over the government shutdown, the government is going to remain closed and the United States is going to default?
BOEHNER: The president -- the president, his refusal to talk, is resulting in a possible default on our debt. All he has to do is pick up the phone. This is the most reasonable thing in the world. I think the American people understand, why wouldn't they talk to each other? I'm ready to talk. I've been ready to talk.
STEPHANOPOULOS: When is this going to end?
BOEHNER: If I knew, I would tell you.
The full transcript of Boehner's speech can be found here, and the video of this morning's interview is below.
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how bout we end the fed' and the 'red-white-blue' political system in one fast swoop?
Ps. whitey's gotta stand for libertarian if ya dunno know,...
Ps2. we're on equal footing with china now... but, china doesn't have a private (FRBS) bank crippling its 'bright future!' Wake-UP!!! "China: We don't do shutdowns" 10/4/13 by Pepe Escobar @ www.atimes.com/atimes/Others/Escobar.html
http://www.atimes.com/atimes/China/CHIN-02-041013.html
"When are you fuck'tards on here gonna figure that out? This is no blaming one side or the other.......they're the same fucking party!"
Talk about preaching to the choir...are you sure you posted to the correct site?
Any 'Tea-partiers that flip' will become former Congressmen after the next election.
Krasting said in his last blog that if the US defaults, that would kill the repubs. Be careful what you wish for.
for fcks sakes man, judge a man by what he does not by what he says
http://www.campaignmoney.com/political/contributions/bruce-krasting.asp?...
++ on the TPB ref.
I don't know what's going to happen, but over this next year, the more people find out they have to spend $250 per month for Obamacare, money they don't have, the more that will kill the Dems. I find it hard to believe that a technical financial issue like technical soverign debt default will mean anything to the masses, especially when they are so hopelessly unaware of how anything works as it is.
More businesses closing all over town, more people on street corners asking for money, more people unemployed for longer and longer. I don't think just the Repubs are considered the source of all suffering right now, though that is what the corporate media will repeat over and over, hoping it sticks.
Wait ... wait ... Obama said it's not going to be more than your mobil phone bill?
I wish. At the bottom of this page is a cost calculator for Obamacare:
http://fox4kc.com/2013/10/03/how-much-will-obamacare-cost-me-cost-calcul...
You can put in income, State, Zip, number of people signing up. Depending on what you make the average is $235 or so. That's a HUGE expense. I don't spend that much monthly on anything but rent. All other things I can shop around and practice substitution. But with Government orders to BUY a PRODUCT, I would have to pay. The calculator says just "7%" of my income! 7%!!!!! Stolen????! Just like in Communist societies.
I want to have huge rallies where we burn our Obamacare insurance cards in public. I'll go to such a rally instantly.
This is a dumb question but don't you already have to pay for some form of health insurance? If so, is it less or more than Ocare? Wouldn't the Ocare replace your existing insurance?
Not if you currently have no insurance because you are not willing to buy it or if you are young. Obamacare limits a ratio of highest and lowest rates between old and young. Obamacare depends heavily on forcing younger people who typically would not buy insurance to buy it and at considerably higher rates that before Obamacare. Insurance is wealth redistribution between young and healthy to old and sick. Obamacare makes it law.
And young men pay for the higher costs incurred by women their age, mostly from costs of pregnancy.
And the healthy pay for the higher costs incurred by the sickly of their same age.
And if you don't buy it, the IRS will "tax you" $700, for those making at least $27 K.
But one thing I've not seen discussed may not be understood by wage earners.
Self-employed people often have no good idea what their income will be until their tax year ends and they figure out their tax bill. But Obamacare treates you very differently depending on your income level. Well, how the hell can you decide whether it makes sense to pay their damn Obamacare tax/fine if you don't know what you annual income will be?
No, not currently. I spend money on health maintenance (herbs, exercise, etc), and I have cash for any emergency I might have. Otherwise I don't pay for insurance now and I don't feel I need it either. If or when I choose to buy some in the future then that should be my choice, I certainly don't need to spend an exhorbitant $250 every month (which I could use to buy many, many other things, or even to save for my future wealth) to pay on the government's command when I'm not even sick! This is an un-American, and a bad, anti-freedom, Marxist law.
Krastings? Seriosly? He doesn't often give money to political causes, BUT WHEN HE DOES IT"S ALL TO DEMOCRATS!!!!! He has a LARGE interest in maintaining the status quo.
That would require me to give a shit about either party. I don't. D-E-F-A-U-L-T!!!
Wow, Stephanopolous was tedious to listen to. I know he's a professional hack for the Dem party, but he might just as well have put a Dem t-shirt on during this interview.
he is a weasel with a big friggin head
Don't worry. It will reopen and it will be more expensive, more intrusive, and less accountable then ever. I'm sure they'll agree to print more fake money to throw at made-up problems that they don't have the authority to address.
Mr "Step-on-all-of-us" can kiss my ass, and I'm not getting a "Boner" over any of this.
The Repubs have a delicate balancing act: They want to make sure they credit for trying to stand up to Obamacare come 2014 and 2016 elections, but yet not get tagged for causing a default crisis which could lead to who knows what. But it doesn't matter. They're all politicians who don't give a fuck about anything except about staying in office so they can get their power fix and don't have to resort to having to do any useful productive work for a living.
This sums up my thought and position on all of this political posturing and the penis measuring contest in Washington.
http://www.urbandictionary.com/define.php?term=Do%20it%20faggot
In the end this will just be one more media circus show that amounts to NOTHING. The ongoing downslide of this country carries on uninterrupted.
Default is inevitable. Might as well go down swingin'
By the Obummer, what are you doing with the 250 Billion of monthly tax receipts you little faggot?
Isn't faggot a little pejorative? Why not Homo ... sexual?
He's going to hire more brown shirts, IRS, FEMA, DHS to control working class Americans like all progressives hope for.
Now is the time to stand and fight? Not the other 3 times he's been speaker and the republican leadership has rolled over? Obamacare passed 3 years ago. They could have drawn the line in the sand several times by now.
This is more about a wing of the republican party breaking from party leadership. Boehner and Co are don't have enough sway anymore. They're protecting their leaderships whips right now. That's why you're hearing so much use of the word "anarchists" as a pejorative right now.
Just delay paying Medicare. The hospitals will just eat it. They're not going to shutdown overnight. You buy yourself a month by delaying that bill. And the People's Republic of Maryland did it in 2011.
Burn this fucker down! What a show. These guys are all on the same side. There is no two party system and there never will be until we shut this puppy down. Euthanasia, anyone?? I'm all in for the big DEFAULT!!
Will you negotiate on that?
Is Stephanopoulos the one that's gay?
And no I'm not asking because I want a date.
Well he does seem to have a boner for Boner...
I was hoping they would have a cat-fight about who has the prettier hair!
posted this on the Miley thread - but seems appropriate here, too:
http://www.mediaite.com/tv/snl-does-hilarious-miley-cyrus-parody-we-did-...
meh, missed opportunity at being really funny with Pelosi, Hairy Reid and Obama.
At least the pressure is off Bernanke for once.
The clowns in Congress need to understand that the time has come for them to confront the truth without the use of a printing machine.
Then again I am sure the NSA has enough material to convince the required number of Republicans to jump ship.
lew was on the grandstands promising that a default means social security does not get paid.
one wishes the (g)hosts had asked about the contents of that lockbox...
"[The 1929 Crash] was not accidental. It was a carefully contrived occurrence ... The international bankers sought to bring about a condition of despair here so that they might emerge as rulers of us all." -- Republican Congressman, Louis T. McFadden, Chairman of the House Banking & Currency Committee, 1920-1931, staunch critic of the Federal Reserve.
"one of the early radical anarchists" H. Reid
How prophetic looking back over the 100 years of the existence of the creature from Jekyll Island.
Ahhh George Snuffaluffaguss interviewing Raging Red Boehner. Oh yes lets all gather around the mind controlling idiot box and watch the oh so serious people discuss oh so important matters. What a farce! The best thing we can do as a society is ignore these fuckin bloviating blowhards and live our lives as we see fit - free from the hindrance of their laws and free from their "shitstym"
We somehow doubt that "Red States" will offer to stop taking Fed dollars. Going down the list of states, mostly red rural states take way more than they manage to collect in taxes.
Ted Cruz should offer himself up, add in Montanna and Florida, and just not take "Dirty Federal Money". Oh wait, but it's always "But with me it's different!".
XOE
The federal government is every bit as devoted to making the state and local governments dependent on fed dollars as they are the people of this country. Dependency is control and that is what they want. In Texas that national guard receives 90% of its funding from the feds. Its almost impossible to pull back from fed funding, especially now that a significant amount of those funds is printed or debt which states are constitutionally prohibitted from doing.
Where in the hell is 'Montanna' anyways? Is it near Wershington?
Or, maybe if we were out of the endless wars as was promised , scrapped the drone program - domestically at least, dismantled the NSA and DHS, got rid of useless departments like DOEd, DOEn, the Fed, IRS, etc., maybe we'd have a couple of bucks.
In the words of the late Red Fox, "Gladys, I think this is 'The Big One'".
They get your hopes up, but in the end we all end up looking like a " big dummay"!!
You mean "Elizabeth, I'm commin' to join ya, honey!" spoken by ReDD FoXX on Sanford & Son? Yup, I agree...
If the government closes the free market of people will take over.
How bad could that possibly be?
Or are they too scared for the oldest phenomenon after the family unit to take over?
Let the default begin!
Actually Bon Bon the time to fight was about 4 years ago...and you are a little late to the party bucko!
this is where we hold the line, no matter how many attacks we withstand. this is where we hold the line and no one gets by. this is where we hold and die for we will go down standing up. when we run out of ball and powder, this is where we fix bayonets, and counter-attack, may god guide us and be with us all, and give us the absolute courage to die hard so that the line be held.
'Give me liberty or give me death'. O'bomba set his own red line with the blood and treasure of the entire country, waging endless war abroad and at home.
He wants capitulation, not compromise, and certainly not the Constitution and Bill of Rights which both the Dems and Repubs hold in contempt, that 'g-d damn piece of paper' (Bush), making way for O'bomba.
I would rather die on my feet than live on my knees. True.
by the way, these are the words of colonel john marshall stone, commander of the davis brigade on may 5th 1864 on the left flank of heth's division 3rd corp. at the brock road. where 36000 attacked 6400 for more than 6 hours.
right before the the order was given to advance, reinforcements from wilcox showed up and the attack was not ordered. but every man left had fixed bayonets and were ready for the word.
Always live to fight another day. A tactical retreat can be wise. It's better to win the war than fight a losing battle ;-)
Sometimes, the best form of defense is offense. Keep the opponent on the run. Surprise is the best form of attack. In this case, the cause is just, and the strongest must defend the weakest. I do not want to live in a gilded cage.
'No man is an island, said John Donne. English poet, satirist, lawyer, and priest, preeminent representative metaphysical poet ((21 January 1572 – 31 March 1631). It should be remembered that we stand on the shoulders of giants - our ancestors who gifted us all with their blood and treasure, and asked only that we defend it.
Stand and deliver, gentlemen and women. The fight is worth it.
With this eCONomy, people will only stand and deliver pizza's.
The Steponallofus interview with Boehner was as usual an Obama cheerleading session. I actually thought Boehner did well and had to repeat himself over and over that King Oblowhard the First, El Dicktator, refuses to negotitate which is true. It doesn't matter if the Republicans are late, no opposition is worse. They are apparently taking a stand now.
Maybe I just run my family's finances differently than some; you tell me.
If I have to borrow money to pay my bills, haven't I technically already defaulted?
Defaulted on sound monetary practise by borrowing rather than saving, perhaps, but you're only wrong if you keep on spending, knowing that you can never repay, and expecting your neighbors to foot the bill while you live expensively, as does the current Congress.
Best wishes to you and yours, friend.
Delusion is maintained by constantly redefining the meaning of words. Especially with default when you consider the amount of derivatives out there completely dependent upon that very definition.
OTC derivatives equal to more than global gdp combined. This is the default that most worries the money masters, currently covering their tracks with other diversions.
Never happen. Someone will blink. They always do.
"How can you raise the debt limit and do nothing about the underlying problem? ”
Well, they've managed for over 30 yrs. Naught from naught is naught, Jethro.
"Treasury Secretary Jack Lew has said the nation will run out of ways to continue to pay all of its bills Oct. 17"
Welcome to middle murica Jack!
Burn!
'Jaw jaw is better than war war,' said Chruchill (not that he's an idol, but he got that point right).
This President, this President dares to bully the House of Representatives which holds the purse strings by law under the Constitution, and he refuses to negotiate honestly, compromise. He is the sort of thug that the Founders envisaged when they put checks and balances into the Constitution, and Bill of Rights - all of that hated by Big Brother wannabes like the current Administration and their predecessors including the Bush Masters, Clintons etc. Traitors, every one of them, serving the international banking cartel first since 1913.
Just to keep things in perspective, prior to coming to Washington, Boenher was a bartender from some cow-pie town in Ohio. He was famous for drinking from the sponge used to wipe the bar with.
George Sphilisilous, on the other hand, is known for his role as the leather boy with the Village People. His new show will be called "Soggy Bottom Boyz"
I'd prefer to address the issues rather than the individuals, whether that's Boenher or O'bama. They will be dead. The country was founded on timeless principles which must be defended now. Right now. The clock strikes 13...(Orwell).
John Pants-stainer is from West Chester, Ohio, which is basically Cincinnati, Ohio. He had a whole shitbag of tricks and trash he pulled around here, and a chain of people he had killed for talking about his tanning habit. Drinking from the sponge is just a sign of a high functioning alcoholic.
Easily blackmailed for his personal flaws, like Obama. Let's clean the stables, and get this Party started. Address the issues, not the weak individuals.
For the people, by the people, of the people. Make it so. This is a matter of principle, not personalities.
You can kill an individual. You cannot kill an idea. (V)
Just to keep things in perspective, prior to coming to Washington, Boenher was a bartender from some cow-pie town in Ohio. He was famous for drinking from the sponge used to wipe the bar with.
George Sphilisilous, on the other hand, is known for his role as the leather boy with the Village People. His new show will be called "Soggy Bottom Boyz"
As we have seen with Obama, a person's past may be indicative of future actions but the only thing that matters is what they do when they have the levers of power in their hands. Obama has been very transparent in actions if not words. Boner has been much harder to anticpate unless you count capitulation. Of course in his mind it is all "strategery".
Politics is showbiz for ugly people, someone said, and I agree it's true with most of these incumbents. I prefer the role of citizen in the real economy. Action speaks louder than words.
Gold will be down $100.
Boner you fucking moron. We've already defaulted! When the privately owned Federal Reserve Bank Monitizes (Buy's) over 100% of all US debt, THAT'S A DEFAULT!
"When the privately owned Federal Reserve Bank Monitizes (Buy's) over 100% of all US debt, THAT'S A DEFAULT!"
This is true.
How about a dog and pony show right before it becomes obvious to the rest?
Crash this thing already,
Lets get this over with,
How long do these idiots think they can keep spending billions more than they can take in.
Do it now! Because later it will be a lot worse.
Default? So easy a 'cave man' can do it! And Boehner is the ultimate cave (in) man...
Stupefyingly illogical. as are many of the comments on this issue. A damn shame the people promulgating this clusterfuck aren't suffering for their stupidity.
But the day is young.
The people are suffering most, and the puppet master international central bank cartel are profiting most.
Surprise is the best form of attack. Get yourself ready. Choose your side, and don't whine about it.
You are collateral damage whichever way this latest implosion of a fiat currency goes. Surrender meekly or dissent. Your choice.
sooo. just for the record:
the house ends this by using a not so little known legislative process by which a simple majority can move legislation along. clean & debt passes....but.
not until dramaqueens self ejaculate over being 'martyred' by what publicly they will claim has been 'thrust' upon them against their will, shall ignoring the issue of our time, peace with iran, come back to haught americans as opportunity lost.
syrian top security assasinated. ( good news is likely israeli operation taken short-sighted and apologized for behind closed doors by the gov of isreally! to iran's top god speaker, the eye a toe hee. 'cause that story faded fast. very very fast. not but a pip from iran.
also, word from the eye a toe hee: "he (the pres guy) went a (bit) too far."
my hunch is that the 'i speak for god' crowd is trying to pull back a tad from the wishes of the majority of iranians.
its a world class story, not some rigged from the start bad soap (gawd the men are ugly and the women worse... whatever happened to casting?).
:)
"closer than on the heels of the syrian affair, a brave man makes a daring move in an attempt to help his people. a popularly elected underdog not-preferred-by-the-clerics president of iran comes forward with bold talk of peace, and lays down his claim to high ground: "no nukes for any country on the planets", effectively conceding that iran does not and will not ever have nukes. and publicly says to the american people, the people of iran say: hi!. oh, and says he has the power to deal..."
http://www.zerohedge.com/news/2013-09-26/iran-sets-framework-nuclear-pro...
the next step in the iranian peace initiative will come when the iranians meet with the 'big six' in early november...not all lost...peace dividend on its way.
:)
zh has now shortened the time articles are being kept open for comments before 'archiving' them. it is now down to end of the month in which an article is posted. while few (ok hardly anyone but me) go back to examine the accuracy of their posted comments and publicly acknowledge whether they have been accurate or not, it was a style of commenting that the WMM has used since my blog commenting began. certainly not always accurate have been my forecasts, and they mostly are about political topics not financial topics, but it has been an effective way to hold myself accountable. and to refine my ability to forecast.
but not to worry dear fans of mine (ok ok, may be there's just one fan....thanks, steve).
i have a work-around.
:)
DEFAULT! DEFAULT! DEFAULT!
The U.S. has already defaulted on all it's obligations, the only thing remaining is promises and lies.
Default is coming, sooner or later. Best choose the timing and the means rather than be a victim of fortunes gained by the international central bank cartel who betray every nation, every people, all for their inbred insane 'globalist' agenda under the Trilateral Commission direction.
Surprise is the best form of defense, challenging offense.
I agree. I dont recall signing onto 17 trilliion in debt not to mention the additional unfunded liabilities.
200 Years ago you would have been born into freedom with god given rights, but likely a hard life. Today you would be born into a modern progressive world in debt to your government and dominated by the needs of your fellow man and a big screen TV, a smart phone and a weight problem.
Capital coup d'etat, by another name.
Promising Tomorrow that which didn't happen Yesterday. Makingoff, with the cash.
Is this all part of the grand plan? I've never understood Bernanke's plan of printing to infinity but if you are going to default anyway then why not max all the credit cards before you do.
On a side not, Obama can't afford to be seen to give in on this stalemate as he just lost the Syria standoff. If he backs down again he loses what little credibility he has left.
U.S system of shutting down the govt is a bit retarded, in Australia we had a similar crisis with the "supply bill (our equivalent legislation) not being passed. In Aust the govt simply re-introduces the bill a 2nd time, and if blocked again then both upper/lower house go into a double dissolution (immediate election). This in my opinion is what should happen to the U.S in this instance, let the people sort out the stalemate.
It's just pure comedy, in the context of a default, to hear people argue to raise the debt limit so we can service our debt the only way possible - by borrowing more money. Isn't that all one needs to know to see exactly where this nation is headed? Where is the fight to avoid default by cutting spending so savings can service debt? Why, we can't cut spending - ever. Where is the knock-down-drag-out kerfluffle over raising taxes to meet debt service? Well, in point of fact such a fight would be counterproductive since we don't pay off old debt with new revenue, we just lever up new debt with new revenue, putting us further in the hole.
Even though President Obama is a corporate shill, I still think this gov't shut-down is the result of completely asinine republicans.
WAKE THE PHUK UP SILVER SATIVA!! Why can't you see what is going on? You have to free yourself from the two party charade mindset. As long as they can keep you there {believing in a two party system} you will never be able to see the game being played on you for what it really is. Say this over and over until it sinks in: THERE IS ONE OWNER OF THE POLITICAL SYSTEM. Once you can grasp that simple truth, your mind will be set free to finding the truth.
The horridness of it all.
Talk about a show of pampas grass acting.
When one looks at the big picture surrounding this obamascam medical coverage horsewash what we know is, the profiteers are digging in knowing that fukushima is spewing so much more radiation now, the medical profiteers will see more and more people getting sick and dying. All as planned in the population reduction slo-kill agenda. There is no escape from all the different vectors of things that are killing all the people of the planet. It would be interesting if someone were to make a list of all the different ways that the babylonians are killing off mankind. And, what if we stopped spending so much money on the useless senseless wars, and spent it on free medical for everyone instead.
What many should realize is, those in the babylonian govt who voted for this evil health-care law have voted to kill you and your families while profiting from it somehow. There is nothing healthy about this law, and they certainly do not care. This evil is purposely being done because as it has been said before, nothing happens in politics and geopolitical circles that is not planned and well coordinated to profit the few.
What the babylonic criminals want to do is kill America. The head-puppet soterobamma is leading the charge to do that right now. This is what he was groomed for. False flag overtures and the murder of Lady Liberty. Any sucker that voted for this tripe will go to their grave knowing he killed them for being so stupid to get betrayed. After the next planned false flag event, the babylonian soterobama will become the new anti-Christ dictator. This shutdown/default charade is just another puppet show. Yeah sure, it works great as another distraction in the long line of quickening distractions. What's it going to be next uncle Ho?
Just for fun, watch this movie if you can.
http://www.youtube.com/watch?v=OPiE4eEXRQ0
The majority leader is bluffing. He just said the other day that the US Gubmint would NOT default on it's debt. How do I know he is bluffing? Because I understand politicians and psychology. A DEAL WILL BE SIGNED THIS WEEK, NEXT WEEK AT THE LATEST. If this thing goes on longer than that, and a default happens, the GOP and Mr. B especially will be blamed, and that is tantamount to political suicide. Better to let the dems bring about a default through a never ending raising of the debt limit, where they will be blamed {at least partially}.
This is starting to seem like great political theater for the politicos. I'd be willing to bet that those with a lot to lose, such as the bankers, are throwing lots of "contributions" their way so that everything gets worked out. It makes good political sense to drag things out till the last minute. It gets them more attention, and we all know they love that.
The Treasuey defaulted when the power to coin money was handed over to the Federal Reserve.
The Treasuey defaulted when the power to coin money was handed over to the Federal Reserve.
Isn't it time and long since time for our Cromwellian moment in this age of yes men and lackeys? I guess the problem is there is no Dutch gold. http://aangirfan.blogspot.com/2010/10/jewish-plot-to-topple-king.html
Thanks for quoting Cromwell. I have thought the same. This is a Cromwellian moment although the outcome of 350 years ago wouldn't be considered an acceptable outcome today. I love the Dissolution speech. If nothing else the man had the very strongest faith in God, belief in himself and a sense of right and wrong based on morality, not subjectivity or relativity as we do today. Thanks again for the mention.
Cromwell's moment is vital to seeing our moment. The shape of things to come came with Cromwell. Napoleon afterwards moved modernity further down the road as the foil. http://www.banking-history.co.uk/history.html
1640, Charles I destroyed the reputation of the Royal Mint as the best place for safe custody by seizing the gold. The Royal Mint, originally known as the "Mynte" from the Latin "moneta" meaning money, stood on Tower Hill in London and was the centre for English coinage.
Mr Morris and Mr ClaytonEven though Charles I later repaid the money the damage had been done and the confidence lay with the goldsmiths, who paid interest and gave receipts. In 1640 Oliver Cromwell borrowed money from the goldsmiths to help his army in the Civil War, and in 1663, Charles II borrowed £1,300,000 to build a sailing fleet; this he was unable to repay and the Exchequer suspended the repayment. Anxiety naturally arose about the lender policies of the goldsmiths, since, as a side line, it was becoming a risk business, and so they were to develop 'banks' as separate entities from their usual business.
The new men were bankers but they were still goldsmiths. Samuel Pepys gives us some examples. In 1667 Alderman Edward Blackwell changed Dutch money for him and "discoursed with him about remitting of this £6,000 to Tangier, which he promised to do by the first post." The goldsmiths retained their previous business in dealing with plate; as Pepys "called at Alderman Blackwell's and there changed Mr Falconer's state cup, that he did give us this day, for a tankard, which came to £6. 10s. 0d at 5s. 7d. an ounce, and 3s. 0d. in money, and with great content thence away to my brothers."
Goldsmith bankers, as they were known, had developed into an efficient system of private banking in London and were to develop into the famous banking firms, of which some still exist today. Coutts & Company, now affiliated to the National Westminster Bank, dates from 1692. The firm of Duncombe and Kent at the Grasshopper in Lombard Street, is now part of Barclays (formerly Martins). Barclays itself was incorporated in 1896 by the amalgamation of twenty private banks, among which was Gosling & Sharpe, descended from the famous goldsmith shop of "Ye Three Squirrels" in Lombard Street, which flourished under Major Henry Pinckney in Cromwell's time.
The receipts given by goldsmiths for deposits have been compared to modern day cheques. However, it would seem that their similarities, as with Bills of Exchange, was their negotiable nature. Drawn notes only became known as cheques a century later.
The cheque could be compared with a drawn note, by which a depositor addressed a letter to his goldsmith authorising the payment to his creditor of the sum owed. The creditor would then take this 'note' to the depositor's goldsmith and there receive the sum in cash.
The earliest known cheque - 1659
Pray pay the bearer hereof Mr Delboe or order four hundred pounds I say £400 - for yours Nico Vanacher.
London the 16th February 1659.
Mr Morris pray pay until Mr Oliver Cromwell (a goldsmith in Townstreet) the sum of sixtie
[sic]value received of Mr Thomas Colebrook and place to the account of - Yrs Nicholas VanacherAmberley December
the 13ths - 1665 -
At Flying Horse in Cornehill, London
Pray do mee the favour to pay his bird man four guineas for a paire of parakeets that I had of him. Pray don'y let anybody either My Ld or Lady know that you did it and I will be sure my selfd to pay you honestly againe.Morris and Clayton were scriveners, bankers and estate agents in Cornhill. Scriveners do not play an important part in the development of banking since they were originally a clerical intermediary of Tudor and Jacobean times, specialising in drawing up banks (sealed undertakings to repay), and in this position they 'dabbled' in other business. However, scriveners suffered as a result of the Act for the Restraining of Excessive Usury in 1660, and by 1750 they had all disappeared as a result of bankruptcies.
One example of the most human of the early drawn notes is this example of a customer of Sir Francis Child from the young son of the Duke of Beaufort. Addressed to his father's banker and dated Chelsey, 23rd September 1686:-
Arthur Somersett
[sic]In the history of British banking the goldsmiths development of the promissory note and cheque, demand and time deposits, balance sheets and cash reserves provided the primitive but nevertheless essential elements of a modern banking system.
The Bank of England
The Bank of England was founded in 1694, primarily to raise money for the war with France. Its founders were to provide the Government with a loan of £1,200,000 and the interest was to be £100,000 per year. In exchange the bank was to have a Royal Charter and the loan was not to be repaid before 1706.
The founders intended to do no more than the kind of business goldsmiths were doing already. Like the pioneer goldsmiths the Bank of England was a bank of issue, printing their own notes and lending money of their own creation. The power granted to the Bank of England in respect of note issue drove others out of circulation until they remained the only bank of note issue. However, other English bankers found that it was possible for deposit banking to be profitable with the right of note issue.
In 1708 the Charter was renewed for further finance for the Government. The most far-reaching consequence of the Charter was the clause prohibiting note issue to any group of people exceeding six in number. This "monopoly" did not hinder the goldsmith bankers, who worked as individuals, but prevented the establishment of joint-stock banking in England for more than one hundred years. The Bank of England became the Government's bank and also the bankers' bank, due to the convenience of depositing their surplus balances. During the eighteenth century as private banks developed, the Bank of England continued to dominate the scene, although not knowing it would become the central bank as we know it today.
As the Industrial Revolution enlarged the scope of enterprise, there was a need for banks with more than six partners, so that larger resources could be mustered. In 1825 a severe crisis occurred when seventy-three of the country's banks stopped payment. Scotland, with joint-stock banks avoided such a crisis. In 1826 advocates for joint-stock banking achieved a limited victory, being allowed to establish joint-stock banks outside a radius of sixty-five miles of the City of London. This was the area dominated by the Bank of England note issue.
In 1883, the Bank of England sought to have their full monopoly confirmed and failed. Joint-stock banking became permissible throughout the United Kingdom. The rest of the century saw a long struggle for survival; the private bankers with the Bank of England on their side against the new joint-stock bankers. Private bankers enjoyed a comfortable living and saw the new joint-stock banks threatening their own business, for it was these men who had fought against joint-stock banking in the Parliament of the early 1880s. In 1854, the new bankers were admitted to the Clearing House, a bankers institution in London for exchanging bills and cheques and settling balances, which was to give them greater strength.
In 1890 the Bank of England organised joint action to save the bankrupt Barings Bank. This showed the Bank of England had accepted responsibility for the financial well-being of the country and had emerged into its adult status as one of the world's central banks. Throughout the century its importance as a pivot of the banking system had been growing, and by 1900 it had moved a long way from the earlier years of bigoted opposition to the joint-stock banks.
What! Wait! WTF!!! Why is anyone going on to a dinosaur media show like "This week with George Brownose"? Seriously, if he wants to be seen as hip should go on "Red Eye" or something else. Don't they know that the MSM is dead and only goes on due to life support from the boomers? Gaah, don't gwet me started on Stephanopolous, that pretentious little Klinton gasbagh!!!!
All you fucksters here on Zero that have been rooting for the Repubs.. reap the wind bitches.
Hope you've stocked up on ammo, guns, metals, food, community/friends to watch your back (for realzee... not fantasy).
Your Ben Franklin pansies in the Tea Party are about to send us all over the cliff.. and you'll get to see what happened to Thelma and Louise *after* the car done hit bottom.
Pucker up.
We heard all this about Sequestration - an event touted as the End of the World at the time but whose consequences are so insignificant that almost no one even remembers. Nance Pelosi recently credited Obama for cutting the deficit in half, but the only reason the deficit is "just" $750 Billion instead of One Trillion is because of the sequestration cuts that she and Obama despised.
LOL...nobody's "sending" the U.S. over the cliff--the U.S. government has gotten to the cliff ALL BY ITSELF. What do you have, the attention span of a banana slug? This day has been coming for DECADES. The United States government signed a "free money" deal with the devil a century ago, and THAT is the wind that you and I are going to reap. Democrats? Republicans? LOLOLOLOL...stop shooting the messenger, you dumbass...