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"No Deal" - Boehner Says Obama Rejects Proposals, Not Negotiating; Talks At An Impasse
After a two-day, five hundred point Dow Jones rally on nothing but hope that just because politicians are talking, all shall be well, it was the weekend's turn, when the market is conveniently closed, for true Congressional colors to emerge. Sure enough, moments ago Boehner told GOP lawmakers that Obama has "rejected our deal", and that talks with the president have hit an impasse. The WSJ, whose recent poll in conjunction with NBC found Republican approval rating at an all time low (because if the debt ceiling slams shut, the machinery that funds both the "wealth effect" for the 0.01% and the 60 million on foodstamps and disability will cease: or in other words a bust for the ultra wealthy and poor, if not quite so bad for what's left of the middle class) reports that his comments, in a closed-door meeting with House Republicans, put renewed focus on a plan being developed by Senate Republicans to raise the U.S. debt ceiling and fully reopen the government. As we speculated, Obama, smelling blood, has decided to shut down the GOP on all their demands: "On Saturday, a House GOP aide said Mr. Obama had essentially rejected everything offered by House Republican leaders in their proposal." Which is hardly a negotiation. The question is will the GOP, having pushed the limit so far, decide to back off now, and let Obama take all the spoils?
As also reported previously, house lawmakers portrayed their talks with the White House more negatively than the picture that had emerged on Friday, after Mr. Obama phoned Mr. Boehner to discuss a proposal that House Republicans presented late Thursday. The White House said Mr. Obama had "concerns'' about the plan but that the two sides had agreed to keep talking.
Mr. Boehner told GOP lawmakers he was now waiting for Mr. Obama to re-engage with the House leadership, said Rep. Richard Hudson (R., N.C.). "The president will have to come to the table with something,'' said Rep. Adam Kinzinger (R., Ill.). "All eyes are now on the Senate. The question is what will Senate Republicans do.''
House Republicans were told by Speaker John Boehner Saturday morning that negotiations between the House GOP and President Obama have ended, with Obama’s rejection Friday of the House’s latest offer.
At a closed door meeting in the basement of the Capitol, Boehner urged members to hold firm, several said, even as Senate Republicans work to negotiate their own proposal to end the impasse.
House members expressed anxiety about the Senate talks. House Budget Chairman Paul Ryan (R-Wisconsin) said House leaders were only briefed on a proposal being circulated by Sen. Susan Collins (R-Maine) on Saturday morning and were opposed to it. He said the reasons for opposition were too many to enumerate.
Admitting it’s not optimal, Rep. Adam Kinzinger (R-Ill.) said Saturday that “all eyes are now on the Senate” this morning as the House waits to see how the upper chamber votes on a bill to fund the government.
Rep. Raul Labrador (R-Idaho) sounded a frustrated note as he left a GOP conference meeting.
“The president rejected our deal,” Labrador said.
“It’s all good. It’s now up to the Senate republicans to stand up,” the Idaho republican added.
While in the Senate the prevailing GOP sentiment is one of folding to Obama as well, Darrell Issa moments ago noted that Obama has rejected the Seante GOP offer as well, which he said "contains real reform", instead pushing merely for higher taxes.
So while Obama seems dead set on getting his way or the highway, all the momentum for late last week appears to have stalled, perhaps direcly as a result of the massive ramp in the stock market which once again may have come too early, taking away all the pressure from the negotiation, which now appears set to repeat the tried and true pattern of yet another market plunge whose only goal is to force the negotiators to sign in the 11th hour.
And speaking of 11th hour, it may just be revisited, since as Bloomberg reported, after today there are no votes scheduled until 6:30 pm on Monday, roughly two days before the first X-Date.
More from Bloomberg:
- Rep. Bill Flores, R-Texas, says Obama is “not talking to us” and “is trying to talk to the Senate Republicans”
- Rep. Randy Hultgren, R-Ill., says he knows of no plans by leadership to seek a vote on increasing debt ceiling for six weeks
- Rep. John Fleming, R-La., says “we’re getting a bait and switch strategy from the White House;” next step is for House members to keep passing clean piecemeal bills to open govt
- After today, House isn’t planning any votes until Monday around 6:30pm, says Rep. Trey Radel, R-Fla.
In short: anyone who thought the debt ceiling tragicomedy was over, is very much mistaken. And just to make sure of that, here is Harry Reid:
Reid on House GOP-WH talks: "That’s over with, it’s done. They’re not talking anymore."
— Burgess Everett (@burgessev) October 12, 2013
Reid on House GOP plans: “Wow. that is so logical and so sensible and so good for the country. And I say that very very sarcastically”
— Burgess Everett (@burgessev) October 12, 2013
President has shown willingness to talk. Problem is that it’s a one-way conversation; Republicans are not interested in being constructive.
— Senator Harry Reid (@SenatorReid) October 12, 2013
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This notion you have that the president will 'take all the spoils' is fcking absurd. The president is not making any demands. All he is doing is refusing to legitimize governing via extortion and hostage taking. It is the GOP that is making demands, and those demnads are for the President, the Democratic party and everyone who voted for them (a clear majority) to just give up and cave to all the GOP policies that have failed in the voting booth, legislature, courts, and operational reality.
The Democrats lost their majority in the House of Representatives in 2010 because of the people’s opposition to Obamacare.
House Republicans funded everything in the budget except Obamacare. It was Obama who cherry-picked those 17% who would be shutdown victims, such as the WWII Memorial shut to visits by war veterans and cutting off burial funding for the families of America’s current war dead. He also threatened to veto funding, and achieved some defunding, for last-chance treatment for children with cancer.
The list of Obama’s chosen victims – all of whom would have been funded by the House - are in the link below:
http://www.breitbart.com/Big-Government/2013/10/05/list-obama-closures-for-shutdown#sthash.34bjHiUY.dpuf
Pelosi, H. Reid, Obama et al have been publicly arguing that essentially the Congressional House has no right under the "Constitutional" system to vote to de-fund existing programs without Senate/Presidential blessing.
Given K Street's influence, I can't say I often agree with what the House prefers to appropriate.
However, under the Constitution, was not the House considered the people's assembly, and therefore given primacy over the purse strings of government, including for war making? What better way is there to protect against the terrors of autocracy?
Accepting their argument would direct us further away from any semblance of representative democracy, and further toward having an unrepresentative autocracy.
You may disagree about what the House chooses to fund,
but to parrot the claim that the House has no legitimate authority over the government purse
is to assume the role of a useful idiot.
We have to pass this Obamacare bill to find out what crap is in it. You must be proud to stand with such an asshole as Pelosi.
The "clear majority" are the deadbeat takers. Saturday is just like any other day to you govt employees is'nt it?
If Team Jackass has a clear majority as you say, why don't they just pass what they want in the House?
lol these crooks make it too easy anymore...all you had to do was listen to guys like Corker saying everything is beautiful to know these fuckers were about to bleed out some muppets.. and even without Corker saying anything you should know by now in this corrupted system we find ourselves in that every "crisis" must be exploited... that 500 point rally was the equivalent of drawing the guillotine up into it's loaded position.. expect the opposite move going into these types of weekends.
Also notice that gold never bought the hype for a minute..does that mean these crooks consider gold the only real money while they play confidence games with bullshit paper markets like stocks and debt notes? I mean gold didn't buy any of this bullshit ever. If we do have a mini collapse I would be looking for a long term bottom in gold as it gets knocked back from all the margin selling that will hit.
Maybe the ramp last week allows for a MASSIVE [sic] Dow dump that will "force" O'Bama and the critters into cutting a deal. That would be a cunning plan.
More cushin' for the pushin'
As long as Repubicans poll worse than Obama he does not have to do anything.
Polling all lap dogs sure as hell doesn't change the fact that Obama is a Marxist con man asshole.
It's a republic, not a democracy. His job description requires him to do certain things and restrains him from doing a lot if things. A constitutional crisis coming out of his actions can go before the supreme court, and with any luck they will just read the constitution aloud, about the power of the purse.
Red
If the Republican proposal as reported in the media is 99 percent surrender, then instead of giving Obama the 100 percent, the Republicans should catch their airplanes and come home and resign their positions. They have forfeited any dignity for being public officials.
Their plan, as reported, would provide a tsunami increase in U.S. socialism, a green light for catastrophic increases in government spending, and worst of all, a gift to an elected voter-mob leader who has berated Americans, punished innocents, and pushed the divisions in this country farther than any other public official.
This country does not need a third party; it needs a second party, a party that will oppose the Leviathan, war-making, banker-dominated, welfare-state Democrats.
Who could dispute the fact that the Establishment Republicans are the most disgraceful representatives of the people in the history of America?
A most excellent comment. The RINOs are destroying the opposition to Obama and his fellow-traveller Socialists. A third party just ensures a Democrat Socialism hegemony for a long time.
Not necessarily, European countries have many parties. They form coalition governments with 2 or 3 or more of them voting together. The same thing could work in the U.S.
The so-called RINO's are doing what true Repubs have done since they elected Honest Ape- furthering the power of central government. It isn't the every day repub who is a Republican In Name Only- it's anyone who values the Constitution that for whatever deluded reason didentifies with that party.
I was disgusted with the republicans proposal. Now all Barry is doing is spiking the football. I hope Boner looses his speakership..
Reid has become a stinking cesspool, everything out of his piehole is an insult and a lie.
I think he's running for President.
A Mormon for President? Not gonna happen.
Reid for president. That idiot has the charisma of a used tampon. How the hell he ever became majority leader in the Senate continues to be a mystery to me.
Women voters and Nevada unions and former Californians who brought their politics with them after fleeing from its guaranteed results.
Wake me up when the shooting starts.
Funny: Obama Will Negotiate With Screaming Goat: http://youtu.be/JgIaIXeFFIU
Is it time for Obama to close down the airspace system to make Americans really feel the pain? Don't think they haven't tossed this idea around already.
Perhaps by Thursday, TSA will become a volunteer-only workforce.
Find out who really belongs to the groper's club.
I'm sure one of the EOs he will activate will assure closure of the Interstate Highway system.
I don't know about closure, just controlled access.
Papers Please!!
DaddyO
What's the point in setting debt ceiling as a nominal value not as a percent of GDP and playing this soap opera every year?
The repubs are a basket case. Obama, who was owned by little Syria on the world stage, can politically out maneuver the sad GOP. Sorry state of affairs.
Boner knows he's toast if he caves in. Bullshit msm pols are a crock of shit. The republican party is toast if they cave in. This runaway entitlement vote buying "free shit army" spending needs to end!
I case you missed the last quarter, his offer was a complete and utter cave.... He has to go.
I case you missed the last quarter, his offer was a complete and utter cave.... He has to go.
The "wealth effect machinery for the .01%" will not be shut down so long as the .01% control government and big business.
For everybody else, including further impoverishment of what's left of the middle class, that's a different matter.
The goal for the ruling elite is to self-servingly control and direct even more wealth and power to themselves and the TBTF global corporations they run.
The implementation problem for the ruling elite is how to get the middle class to blame the "free shit poor" and the poor to blame the "socialists and assorted minorities" ( much like certain ZH readers already do).
The so-called Tea party has its pros and cons for the ruling elite. On the one hand Tea Partiers oppose much of what is being done. On the other hand, they do mostly support militarism, and favor a solution giving big business a free hand to do anything.
OT, but important:
http://www.youtube.com/watch?v=YIqbFBmOZ2c
The two top nuclear weapons commanders in the US have been fired by Obama/Stalin.
Guys, this is getting serious.
Self-defense, like economic security, now has to de done by each of us as individuals. Going Galt looks like the only way out (other than Bearings and such heading for Peru...).
-- If you do not have "enough" gold, then go out and buy some!
-- If you do not have "enough" ammo, then go out and buy some!
Oh shit... Obama is signing his own arrest warrant.
Don't think for a minute that Obama has the political capital to pull any kind of martial law shenanigans or to start any kind of serious hot war. He would have a close enounter with handcuffs or an exploding golf bag faster than a barefoot jackrabbit on a hot greaasy griddle in the middle of August.
I hope you are right re the military (minus some toady generals) standing up for America. I did not serve, so I do not have any kind of feel as to where the mid-level officers and sergeants are re Obama.
What a sick Commander in Chief we have.
I think its more like the matrix when Neo's mouth disappears and Agent Smith asks him how he can scream if he has no mouth.
This is a show of force by TPTB, just as getting Obama into office from nowhere, getting him the Nobel Peace Prize, publishing a fake birth certificate signed by "U.K.Elele" and having him play golf and vacation all day is a show of force.
Now we are in the end game and will get to see what the real plan is (buckle up folks).
No TPTB needed to explain Obama. He took advantage of pathologies of our society to get ahead and win the big prize. Now he gets his chance to watch the western world burn.
+ 1
Interesting. If this had been the Soviets or Chinese these would have been 'eliminated' back in the bad old days or sent for re-education. Now all the CIC has created are some very angry and bitter future resistance leaders.
Hubris and arrogance are legendary with those with unlimited power. So to say he would not go all in and implement martial law is not quite true. "O" surrounds himself with lackies and sycophants he may very well believe that the people actually like him, look up to him and would welcome the implementation of martial law for their own protection.
Those that remain will be taking note of these dismissals. IMHO the career leadership is not that important it's the Colonels and Sergeants, another poster made this point in another thread, are the ones they better worry about. They will have to live in a bunker for ever.
I'm sure the military will fracture along with the rest of the nation.
Mars,
Wow. Thanks to you and other posters for bringing this up. Quite a long list of firings in that report. House cleaning, as you imply? or new normal for Military? I didn't serve either so I also don't have a feel for Military politics.
Yes, after watching the whole thing, all those two MSM whores could say was that the leadership was taking this seriously and dismissing these bad apples for the greater good.
LOL those MSM scum should be the first on the list for 'payback'.
Obama can't give in after his latest Syrian flop
vs
Boehner can't give in because of his growing score card of blinks to the Democrats
I wish they'd do one thing or the other:
Shut the government down, let the dollar meet its maker, and start over, NOW,
or:
Just print, and make no pretense about it until lightning strikes. I'd rather have a bullet hit me off guard and be done with it rather than be subjected to torture before my execution.
Impeach Obama. Don't pay attention to him. Impeach him.
It took over 30 months for Nixon to resign from Watergate and it's coverup, and meantime he handily won an election. Just like Obama, but Obama's crimes and acts of treason have been far worse, as you'd expect looking at the sociopaths history and writings.
Take a look at the internal polling data on the WSJ/NBC poll mentioned above. The sample is strong on those who identify as Democrat/voted for Obama and those who work for the Federal gubmint. If you take away that statistical advantage I wonder then if the Republicrats would be polling so low?? I mean c'mon it's a damn NBC poll for chrissake you know it's gotta be bogus!!
Shut the joint down. When they come to burn it, better that its empty.
This is austerity American style. Keep pumping fiat to the fat cats, but drastically reduce anything for the people. Americans are going to have to stand up and completely defund this bullshit government. Realize that your income tax is a tariff tax, and you are not subject to it. W-4s have a place for an exemption, use it.
Thelma and Louise mother fuckers...... Step on the gas and let's GO!
"I suppose one could say that Hitler didn't betray his self."
"You are right. He did not. But millions of Germans did betray their selves. That was the tragedy. Not that one man had the courage to be evil. But that millions had not the courage to be good.”
? John Fowles, The Magus
Stanley Milgram. Look that shit up.
All to do to get the desired results. When we are minutes away we will know.
The media is hyping the whole thing to get the desired results and blame the Republicans.
King Obama did his photo shoot to show he's trying to compromise. The liberal media will work on the rest.
"King Obama did his photo shoot to show he's trying to compromise."
Negotiating became a pressed requirement so he did, as you say.
Obama will not and can not have Obama Care in any negoations, ever. He knows once you give a little the hooks are in. It ain't gonna happen and I can't believe Repubicans thought they had any leverage except Hairy Karry.
Bonzi, bitches
Hey Bozi Bitch, Have you signed up yet for Obozocare? Its obamacare that will be Hairy Karry that ends up killing Millions folks even when they are signed up. Death Panels are real.
Not to mention giving all your personal info unsecured to ACORN when you sign up.
I would think wingers would love, "death panels". Just think, they can just make the old folks dissappear just like wingers want. You clowns should make up you minds what the fuck you want... oh wait, you're wingers and don't know what you want. That's your problem. Get back to me when you have a clue.
Eeny, meeny, miny, moe, Catch a Globalist thief by the toe. If he hollers, let him go, Eeny, meeny, miny, moe.
Oh, look at those young blokes..[ 1,2,3,4,5,6,7,8].. Catch us if you can. If you muppets don’t raise the debt ceiling, we cannot counterfeit new money by pretending to create new shovel ready jobs.
/LOL
FKN NEWZ - 062310
It's only a matter of time before John "Boner" caves in to Obama and cries on TV. Wish they would stand their ground and keep 17% of the government closed. But it won't happen.
WB7 said it best..........http://www.flickr.com/photos/expd/10193753255/
OT: Truckers are know demonstrating... http://www.silverdoctors.com/t2sda-truckers-shutting-down-traffic-in-dc/
Forget the Government Shutdown -- It's About Shutting YOU Down!
I am a fan of Brandon Smith and read with detail his two recent postings on ZH. Three things are rather undeniable. One is that the course of Fed accelerated money printing is unsustainable and must inevitably lead to collapse. The second is that there is only one party in the USSA and the red and the blue are just marionettes to give the Amerikan sheeple the illusion that they have some say in their fate. Like grade B movie actors, they get together to rehearse their parts in the script prior to each performance. Finally, the Globalist cabal leaves as little as possible to chance. They wish to collapse the US dollar and the world economy to make things so bad for the seven billion that they will come begging for a solution, no matter how odious. So rather than wait for some unpredictable black swan to catalyze the collapse, when the time comes, it will be a controlled demolition. Every reader of ZH would realize what a greater potential for profit exists knowing the exact time and pathway for the collapse. And the whole fiscal system is such a house of cards, that a very small detonation could cause it all to come down. Interest rates just giving the appearance of returning to historical levels would trigger the near quadrillion dollars in derivatives, which like falling dominos, would shut down the economy of the planet in hours.
So as Brandon points out in these articles, a non-resolution of this fabricated crisis just may be the time and place for the austerity hammer to come crashing down, which would result in the current Manchurian to enact Martial Law. Since 9/11, they have put all their ducks in a row for this event. It also gives the political class a fall back position of plausible deniability. Anyone with three synapses to rub together knows that 9/11 was an inside job planned years in advance by the real rulers of the planet. But what is the current excuse by the insiders for it happening? Incompetence and stupidity of the intelligence agencies. You hang people for willful mass murder of your fellow citizens, but it seems that they are not even fired for stupidity. In a similar manner, if this current manufactured crisis triggers the collapse of the house of cards, the focus will be on the stupidity of politicians and the political system as it exists, and not the utter depravity of the global bankster cartel. We are all already conditioned to despise our (apparent) political leaders.
As Brandon points out, this may be just another meaningless and poorly staged Kabuki put on for our entertainment and diversion. A Capitol Hill Snookie drama, and as the Great Bard wrote, "much sound and fury signifying nothing.". But this also may well be the short fuse leading to the big hammer tripping. Only time will tell. Besides the hugely hyped D-Day of the gummint going broke next Thursday, October 17, there are also two huge national drills planned for the same day, one involving a massive attack against computerized banking and the other involving a response to a devastating earthquake. Any serious Reality Theorist knows that these false flags are always obfuscated by drills to "protect" against the precise nature of the false flag event. These two drills, scheduled for this hyped date, make the situation all the more suspicious.
And you can add to that Clinton bombing Boznia the day he was impeached.
Did Obama hit the Links today? Military golf course still open for this dirtbag.
How come in the US the name Boehner is pronounced "Bayner"? From when I studied German at school, I would pronounce it "Boner", which seems to suit the character of the man much better!
No, I think you will find out by the 17th that man is entirely flacid
Last Spring when there was talk of a bond bubble, Bernanke piped up with taper talk and popped that. Then last month the Fed ditched their phoney taper talk before the world financial system collapsed. And last week when Congress had the world scared silly, they floated a phoney "temporary solution". What will they do when the world finally shoves this jaw-boning crap back down their throats?
Bitch-slapped again by Obama. When will the douchebag republican "leadership" learn that this prez is interested only in wiping them out and consolidating his power - not doing what is best for the country? They ought to hammer him everyday on how fucked up the roll out of Obamacare has been, the sweetheart deal he gave Congress, union objections to it etc. Instead, all we hear is crap about compromise. Those days are long fuckin gone with this clown.
I don't trust Obama.
defaultease
It's pure theatrics with the sole motive of taking a little heat out of the stock market, keeping bond prices on target and smashing precious metals - all for the totally futile effort of keeping the debt ponzi going for a tincy wincy bit longer. Obama is calling the shots and could resolve this any time he wants but of course has to obey his banking cartel pals who just want power and money. This is freedom and democracy at work - what a fu**ed up system we've created.
Good Job Boner! I'm proud of you. Let it all collapse and hang it Around the Faggots (Obama) neck. He owns this. He always did. Reid is to blame also. Nevadians are really Stupid people. So are Obamanoids. Smart people will prevail. Fucked-up Obamanoid Socialists will not. Grab your popcorn bowls people, dumbshits who jumped into the stockmarket will be heading to the exits Monday morning. Got Gold/Silver? I'll bet you wish you did?
So, when will the Republicans finally go after Obama's false birth certificate and the fact that he's an illigetimate president? No time like the present! It's time to send this Kenyan-Fag back to his home countrty. He doesn't give a damn about America and it's citizens.
It is more likely we do not get to see the long form birth certificate because of something embarrassing in it. Like, oh, his genetic father was someone else entirely, such as the commie activist Frank Marshall Davis, or else indicates he was a bastard,etc. Same story with his university records and academic work. They are almost certainly embarrassing. If they were even mediocre, we would have seen all that.
bvocal: "All he is doing is refusing to legitimize governing via extortion and hostage taking."
So the GOP is asking FEDGOV to live within' it's means and that's "extortion"?
Got it.
Fail.
Obozo wants a default. He wants it bad. He is doing these theatrics to make it look otherwise, that's all.
Constitutional crisis goes direct to the supreme court. The president will have to order the treasury to service the debt first, and other creditors after. 14th amendment. Also, they ought to require the fucker to shut down anything not funded in a properly legislated budget and appropriations process. Obama as allowed Congress to carry on without that for years now, abdicating his responsibility to highly corrosive effect. Intentional corrosive effect.
f16hoser: "So, when will the Republicans finally go after Obama's false birth certificate and the fact that he's an illigetimate president?"
Like this?
http://beforeitsnews.com/obama/2013/10/urgent-evidence-to-annul-obamas-p...
This debt ceiling debate is a staged event and not an accident. Obama and the Repugnants want to devalue the dollar. They will probably agree to something or not by October 17th. It does not matter the damage has already been done. Our government is really working to devalue the dollar in-order to jump start the economy before we fall further into a deflationary collapse.
I also expect a Comex / LBMA default in the near future. Better get ready looks like a two part devalue.
All those holding dollars are about to wish they didn't.
One of the biggest false rallies in stock market history. I called it the day it was happening. No way these idiots get a deal together, too many freaking egos and perks to give in. SCUMBAGS!
Get ready for some fun. It has been a long time since I have had this much anticipation of hilarity. As the health insurance premium renewal rates begin to be announced, and also as people finally "discover what's in it" - oBUMMER care - I CAN'T WAIT to see the responses from the dumbass mofos that voted for it.
The Republicans don't seem desperate. Reid/Obama are a poor tag team and this hand still has a few bets left.
meanwhile...some where in this world...adults, producers and savers are waiting...one day something unusual will happen, they will act in a different way than usual...and everythng will change.
Maybe it will be a Chinese banker who sells a few more treasuries than usual. Maybe a derivative based on Lithuanian bonds will fail and a French bank will be unable to settle with a big German bank. The big German bank will have to call in a loan from a London bank and a hedge fund will notice and sell a few more options than usual. The Fed will overreact and a Russian treasury official will also sell a few more treasuries than usual. In Italy this will stress a large bank that has caused problems in the past. That stress will cause the Fed to overreact again. The 10 year will jump a few basis points in a shorter period of time (than usual) and suddenly....
Its really quite simple.
Default on the debt (not) owed to the globalist banksters, repeal the Federal Reserve Act, shut down fiat currency, print new money without interest attached to it, fire the bastards in the beltway vortex, and get back to work in the private sector creating wealth you get to keep.
Then, there is no need for a government, no need for retirement of health care subsidies, no need for perks in your state, no need for such a massive bureaucracy.
90% OF ALL problems go away as soon as we get rid of fiat currency at interest printed out of thin air and paid with interest to the few families at the top.
STOP DOING THAT!
If you 'print new money without interest attached to it,' you are still printing money out of thin air. Eliminating the interest and bankster aspect sounds nice, but fiat currency is fiat currency. On a commodity backed currency the gov't can't spend anymore than we let them.
People here are too focused on the printing money by the central banks. Historically, most money was created out of debt by private banks. When a TBTF makes a car loan to you, in theory 90% of the loan is created out of thin air by the private bank. In today's reality, it is 100%. In addition to a commodites backed currency, the right of private banks to create money through the Babylonian Money Magick of fractional reserve must also be eliminated. This would be quite simple as they are essentially counterfeiting currency which is a felony in all countries. Just as governments grant themselves the legal right to murder people, these banks are granted the legal right to counterfeit, both serious crimes when committed by Joe or Jane Bagodonuts. All paper tokens of money must be 100% backed by a commodity of value such as precious metals. Even prior to FDR's gold grab and dollar devaluation in 1933, paper dollars were not 100% backed by federally held gold and the private banks were creating money by the trainload.
It's not quite counterfeiting, they aren't giving you counterfeit currency.It's fraud. They are giving you credit and telling you that you will be able to exchange that for currency when they know fine well that only 1% of customers would ever receive anything at all.
The one hope for the USA is that even though Obama has the media on his side and can always count on favorable editorial opinion, he and his gang are really not very competent...at anything....they are clinging to power but the world is falling apart.
We will receive a cheery report from the press even after the shit has hit the fan. Enron was not down graded until it's officers had already died. Lehman Bros was A1 OK until the last peon was escorted out of the building cardboard box of staplers and sticky pads in hand. Everything will be reported to be wonderful until you can't spend your cash to buy gas.
Do not count on the world to tell you that it is falling apart. Look out your window and see the storm clouds for yourself.
I suggest a minimum 2 to 3 % in Krugerands or Maples, though any gold bullion will do. Keep it close and keep your mouth shut. Bury it on federal land that can't be bull dozed if you are thinking long term.
And apologies to all the silver people out there (I was one until May 1, 2011). Silver is not and will not again become a monetary metal. It has too many benficial qualities to allow hoarding. Not one central bank holds any and silver last saw official use in China end 70 years ago. Gold is the vehicle that the world has chosen. Fight against that fact at your own risk.
It is GLD inventory that is being depleted. SLV inventories are stable. Silver will rise again as an industrial metal but in the reset coming the world will devalue against one thing...gold. That is the way out of this mess. Once in a lifetime (or 20 life times) you can prepare and benefit. If you are a saver and have assets, get some physical gold, not a gold derivative like an ETf or futures or someone's promise to deliver it tomorrow. Your local coin store is open today. APMEX still ships it out in whatever quantity you'd like (as long as it is not a lot cause they do not have a lot).
What is about to happen will be the greatest chance in human history to benefit. If you do not prepare I promise you that you will spend the rest of your life in regret...and poverty.
vegas,
It would seem that you have studied some of FOFOA, as I have also.
I thank you for your comment and perceptions. It is almost unbelievable to imagine where we are and where we might be headed.
FOFOA is one of the TOP gold analysts in the world. Were it not for him, I would have far less gold than I do now.
The End
The Janet Yellin theme song: http://www.youtube.com/watch?v=fj33EGMbazY
speaking of impasse ,
#T2SDA TRUCKERS SHUTTING DOWN TRAFFIC IN DC *LIVE UPDATES!
OCTOBER 11, 2013 BY THE DOC
http://www.silverdoctors.com/t2sda-truckers-shutting-down-traffic-in-dc/
"You know I don't worry about a thing cause I know nothing's gonna be alright." A few glasses of wine, or a few shots of single malt might help...
http://www.youtube.com/watch?v=XEEWFTZmNhk
And with a stroke of my mighty pen... I now declare myself ruler and king of all "Oceania"!
Well folks get ready for round 2 of Martial Law the one that started with the Patriot Act under G.W. and ended with the "rubberstamp" in silence under 'Oshithead' on December 31 ,2011 when everyone in this Country was too busy with the upcoming New Year's Eve festivities.
OT,sorry
Dr. Ben Carson said that ObummAscam was the worst thing to happen to America since slavery, now there is a smart dude.
+ 1
I think we will soon see that. It will be obvious.
If Obama thinks history will record this upcoming default was not his fault, he is very much mistaken.
I think he is naive enough to call what he sees as a bluff and I don't think it is one.
He's thinking more "reichstag fire" here, than immortalisation a la JFK or FDR.
slow controlled demolition.
it took a long time packin the charges into wtc 7 a long time.
when it was pulled it came down real fast with zero ressistance.
barry 0
demolition cia boy 2 man.
Have to admit I am amazed at the quantity of frenzy here at ZH on a quiet Saturday. Esp. since I kept seeing posts for weeks that this Congress/debt/default thing is all theater.
Of course, if our governing class is so arrogantly secure in its delusional comfort zone that they really do mess with the world market in Treasurys with default, then this will truly be theater in one sense, as in someone yelling "Fire!" in a crowded one...
It's started folks.
Hired Goon Squads appearing across the USSA.
Independence Hall, Philadelphia...
http://www.youtube.com/watch?v=_4f_Ia4YMAw
Great vid. Thinking about it I just cannot see these hired goons holding the ground in a SHTF moment. Arrogant, fat, slow and a bully mentality. Great combination of skills.
Just who would fit Ted Cruz’s often stated principle that a vote against cloture following his epic filibuster would be a vote to fund Obamacare because it allowed Harry Reid his simple majority to keep the funding for Obamacare? This second vote, requiring only 51 votes instead of the 60 percent majority, was to be the show vote to allow Republicans for Obamacare to return to their districts to claim they voted against Obamacare (now assured it was going to pass).
It turns out the man who fits this show-vote description is none other Senate Minority Leader Mitch McConnell (R-KY). A leader in voting for cloture along with the Senate Democrats, he then dramatically and deceptively voted against Obamacare when he knew the Democrats were assured its passage.
Said McConnell to his constituents: “I’m against Obamacare, but we just did not have the votes.”
McConnell squeaked into the U. S. Senate in 1984 on Reagan’s coattails by only 5,200 votes out of more than 1.8 million votes cast, and has been entrenched there ever since.
Tony Lee of Breitbart reports on Mark Levin’s comments yesterday that the current people leading the Republican Party have to go…
Mark Levin: 'Mitch McConnell Should Be Defeated'
On Friday, conservative talk radio host Mark Levin said Senate Minority Leader Mitch McConnell (R-KY) needed to be defeated in his primary next year for conservatism to succeed.
"I believe Mitch McConnell should be defeated in Kentucky," Levin said on his radio show, calling McConnell an "awful Republican leader. Awful." McConnell is being challenged by Tea Party candidate Matt Bevin.
Hours after Sean Hannity said House Speaker John Boehner (R-OH) and the House Republican leadership needed to be replaced, Levin said he has said for years that Boehner should be defeated (“he’s over his head”) and referred to McConnell as "more of a schemer" than Boehner. He said the current Republican leadership will never fiercely fight to defeat Obamacare and advance conservatism.
"Where is he today?" Levin said of McConnell (saying McConnell is behind the scenes leaking information to the media against Ted Cruz and Mike Lee, helping lead a clandestine gang attack by Establishment Republicans on Republican conservatives and the Tea Party).
Levin also discussed plans by Republican establishment figures to take down the Tea Party with so-called "pro-business" candidates who love crony capitalism. The Republican establishment indicated they will target conservatives like Reps. Steve King (R-IA) or Justin Amash (R-MI) with candidates from the center.
Levin called those like John Sununu, the moderate New Hampshire Republican and former Chief of Staff to George H.W. Bush, and former Mississippi Governor and lobbyist Haley Barbour, two of the politicians behind such efforts, "losers." He then blasted those like Sen John McCain (R-AZ), who Levin said "moves right" to get reelected and then "moves back" to the left once back in office. He also called out Rep. Paul Ryan (R-WI) for being the latest establishment front man (also "pushing for amnesty") and said these politicians "are not going to take down Obamacare."
He emphasized that those like for McCain, Boehner, and McConnell are part of the overall problem Republicans and again emphasized that establishment Republicans "have declared war" on conservatives.
"They despise us," Levin said of the Republican establishment of which McConnell is a part. "And I've had enough. And I've think most of you have had enough."
On McConnell's reelection efforts, Levin simply said, "count me out."
Listen to Levin's comments below:
http://www.breitbart.com/Big-Journalism/2013/10/11/Mark-Levin-Mitch-McConnell-Should-Be-Defeated
This has nothing to do with Obamacare and everything to do with the flat out rejection of the separation of powers. Obamacare is just a prybar. IF Obama can neuter the House completely, they essentially have no role in governing period. This is a fight about the very structure of the government itself as it pertains to the once equal footing of the three 'separate but equal' branches of government.
They are either equal or they are not equal. If they are not equal, we have a dictatorship/monarchy. Bronco Mugabe Amin is making a run at the very heart of the Constitutional Republic, right here, right now, once and for all, the end.
Eloquently put and absolutely right on the money - and the banker-controlled media is egging him on. This could be the change that kills this corrupt political system, a system so badly corrupted it finally produced a Barack Obama as its president. And the Haley Barbours and Mitch McConnells and John Boehners are not going to put a stop to it. It was John Sununu at the Republican Nominating Convention who blocked Ron Paul’s nomination as the Republican candidate for president in 2012.
There are lots of statements going around that this is the death of the Republican Party. One of the big opponents of a third party, Sean Hannity, said last night it may be the thing needed to bring this political system down.
The Republican Party has to die if it won’t get rid of these banker representatives. Maybe the “dictatorship/monarchy” of the “Bronco Mugabe Amin” with his Obamacare socialist legacy is a Godsend. If this country is going to be saved, there’s going to have to be a major shift against the corruption running these two parties.A purge of this corruption is long overdue.
At this point, Obama wants 100 percent victory, 100 percent authority. The reason he wants it is there’s no opposition. The American people don’t count, representative government doesn’t count, the separation of powers doesn’t count. There’s absolutely no one to say Stop! It began with the erosion of states’ rights and the tyrannical control of the U.S. Supreme Court; both made total centralization of power possible, nearly vacating the Framers’ intentions.
A break in this corruptive system is going to happen quickly. Already it is cracking. Obama’s presidency may be the final straw.
How much longer can the $US Dollar be the world's "reserve" currency? Any guesses?
I mean, c'mon. Nothing says "reserve" like 5 years of ZIRP, QE Infinity, $17 trillion in debt, and $100+ trillion in off-the-book entitlements.
Really, how much weight do you think the 0.1% have in opinion polls? If only we could quantify it...
Well in any case a constitutional crisis is baked in.
Hopeful GOP Statement:
---------------------------------
We have decided to capitulate to the President as it is not fair for him to hold us hostage by being unwilling to negotiate. We believe that the mandate should be pushed off by a year so we may prepare properly for the unveiling of a law we believe to be flawed. As for the debt ceiling, we must reign in spending, but we as Americans are in such a horrible state by the policies of this President that we have decided to let him go unfettered. Eventually we will need to stop the amassing of debt, but we as the fiscally responsible party(cough) are seen as no fun and wanting to hinder your lives. It's a Catch 22. We stop spending and we have problems or we keep spending and we have worse problems. We apologize for our ineffective communication. We now know that the bulk of you are simply unable to grasp the severity of the situation and thus we succumb to your desire to join the President in sinking us in to an Indebted oblivion. When this train Crashes, and it will, we will be here for you to pick up the pieces if we have not ruined ourselves which is highly likely.
I'm a rejecter not a uniter
"zerohedge @zerohedge 13m
Wow: Schumer Says He Worries About Monday Stock Drop on Default Risk. Nevermind the economy but don't kill the Russell 2000"
Shows where their priorities have been all the time
You heartless bastard! Think of all the algos thrown out of work!
http://www.worldcomplex.blogspot.ca/2013/10/one-more-time-distinction-be...
Thought experiment :
The Republicans take Senate in 2014.
Do they impeach Potus?
Up Arrow for Impeachment
Down Arrow not.
Does Clyde rat out Bonnie?
Good point. Just wondering weather Potus is going into deep self preservation mode and what that may imply going forward. If that were the case, dirty tricks are just starting. The response will be most telling.
OT, just wondering???, As I see NO one else here has complained about it, likely just mine.
But my IE 9,(or 8), or 10, keeps kicking ZEROHEDGE off and forces me to come back several times every 10-20mins.
And, it THE ONLY SITE that it's happening on, (Cookies Cache cleared of ZH), so it's not loaded,so I suspect FOUL play.
Para,NERD?, or opinions pls.
Firefox Mozilla.
ie no work,
google chrome works
today.
Barky is overplaying his hand.
With the sequester he demonstrated that he's not a good negotiator.
Back Boehner into a position of total capitulation and what does Smokey have to lose?
The history books will remeber the President, not the Speaker of the House.
THAT is correct! From 2009 - 2017 (Great Depression II), President Barack Obama (D) was at the helm.
True, the Red Team may well be thinking that they can make a big push in the mid terms after the resulting Chaos, for which blame, despite the MSM cheerleading, will fall squarely on Obozo.
I think the GOP do not give a fuck apart from getting some political mileage with a more aggressive play. They could well be thinking they need more pain in order to get another turn at the helm in 2016.
It just seems odd to go this far and now completely fold at the 11th hour. Makes no sense politically.
Something odd is going on....
There is still that pesky "Republic" root word in the name of the party. They'll try to do a rule of law thing, despite their weaknesses. The democrats are, as ever they were, selling whatever stories work, to the "demos". Ie the mobs, the free shit army. That party is about rule of man, not rule of law, which is why the are openly derisive and bitter about the constitution.
If both sides stick to their guns the only thing that will collapse is the excess spending of government.
European countries are slashing and burning their economies to achieve balanced budgets whereas America essentially needs to reign in its war machine which can't seem to succeed in securing any real and clean wins.
They then might start pulling the excess fat out of the medical system which delivers too little for too much compared to other western nations.
Perhaps the current impasse is designed to happen either as a prelude to real change or to real tyranny.
I beg to differ. European countries aren't archieving balanced budget in reality, but on paper and statistics only whilst slashing and burning their economies.
Please, I can't tell which way is worse for common people, but it's all fraud and evil everywhere.
Great point. The euro-austerity is a complete lie. All they have achieved is moar regulation, moar taxes, MOAR debt and cutting back some stuff for the masses, e.g, Greece, to ensure they pay the global banking cartel. They only thing they have not done is print so openly like the FED, BofJ and BofE via QE.
Still the financial stack of cards is ever growing and Germany is up to the neck with the eventual bill. The banking system is more than fucked.
Utter crap...
Pushing all else aside, isn't this 'shutdown' theater just more proof that we don't need these criminal cocksuckers and their bankster masters either?!
It isn't a shutdown until the guillotines come out.
Fuck Obama.
Fuck Congress.
Fuck this 'Supreme' court.
Let's have a national referendum, and kick these motherfucking "boot licks" out and replace them with real people willing to do the job without the kickback.
How about we just restore the Republic as it explicitly designed to function? This president and the dem controlled senate have prevented a proper budget and appropriations process for years now. The supremes and congress are also letting the president execute the enforcement of laws entirely abusively, with obama and holder letting favored parties ignore the law while coming down hard on political enemies for obscure violations on the order of mattress tag defacement. This is rule of man, not rule of law. Impeachment is in order but not politically possible, yet. An explicit constitutional crisis is what it is coming to. An opportunity for the supreme court to school the nation on how the republic is supposed to work. By the book. Rule of law.
Boehner should just adjourn the House and they should all go home for a few weeks to give Obama time to reconsider his position.
Yes would be great theatre and they should just shut up and not engage at all it would be much more powerful. Put the monkey back on Obozo's back and with the talking heads in the MSM.
Statement saying: "Happy to come back when the President has something to offer and we have unilaterally cancelled our salaries until this is resolved"
Been thinking all week 'the system' really may be unable to prop itself, and not due to the mere Boner v Obuma Punch-'n-Judy show--that's just the symptomatic floor show. All that crap has to be there, thus it is, and it will still be there, when the 'end' comes (if we can use that silly word) ... but they still have no actual political control on what's happening ... the deficit and budget is clear evidence of that ... there will never be a high enough debt ceiling ... that's all beside the point.
Obama will choose to release the Krackens... http://boston.cbslocal.com/2013/10/12/computer-upgrade-blamed-for-nation...
Guess what guys, it's time to embrace the horror! Look, we've got front row tickets to the end of the earth!
Steve Buscemi,
ArmageddonAnd afterwards...Forever.
http://img1.etsystatic.com/037/1/6697215/il_570xN.506520041_gpjf.jpg
We're staying, we're going, we're staying, we're going, make up your mind!
Steve Buscemi,
Armageddon