The IMF Proudly Presents.... "Threat To The International Monetary System" Part Three
It's that time again when the IMF has just telegraphed something very big and very bad is about to happen. But let's back up, and paraphrase our post from March: "Back in April 2010, before Waddell and Reed sold a few shares of ES, effectively destroying the market on news that Europe was insolvent, we made the following observation: "The IMF has just announced that it is expanding its New Arrangement to Borrow (NAB) multilateral facility from its existing $50 billion by a whopping $500 billion (SDR333.5 billion), to $550 billion." Little did we know that our conclusion "something big must be coming" would prove spot on just a month later after Greece, then Ireland, then Portgual, and soon Spain, Italy, Belgium, and pretty much all other European countries would topple like dominoes tethered together by a flawed monetary regime. Well, based on news from Dow Jones we can now safely predict the following: "something bigger must be coming." The specific reason for this prediction was the following: "the International Monetary Fund is expected to soon activate a special funding pool that will boost the fund's ability to prevent or resolve economic crises." Sure enough something bigger came, and then some: Greece received its second bailout package about 4 months later, only to see the entire Eurozone hang by a thread following the political fallout that has since ensued. Well, it is time to shift from the comparative to the superlative: "something biggest must be coming."
According to Dow Jones the "International Monetary Fund will likely re-activate a $580 billion resource pool in coming weeks to ensure it has funds to help cover Europe's worsening sovereign-debt crisis, according to several people close to the matter." Why is this a big flashing red light? "According to the IMF, the pool of supplementary resources are only to be activated when "needed to forestall or cope with a threat to the international monetary system." So it is settled: just like on the previous two occasions, the biggest load of feces yet is about to hit the fan. The only real question is: how many trillions will the real global backstopper, China, be forced to match this massive expansion of the former world rescuer with... Also, what comes after "biggest"?
From Dow Jones:
The IMF activated the so-called New Arrangements to Borrow in April of this year for a six-month period. The IMF's board, which met informally on the issue late Friday afternoon, would have to approve re-activation of the resource pool if the fund wants to tap it beyond September.
"A large majority of the board members are in favor of re-activating the NAB," as a precautionary measure, one of the people said. The board is scheduled to formally approve activation next Friday, the person said.
David Lipton, first deputy managing director at the IMF, said recently in a private meeting that keeping the NAB available may be necessary in coming months given Europe's debt meltdown, people familiar with the matter said. The crisis is entering a dangerous new phase as the risk of Greece defaulting rises and Italy and Spain's sovereign debt has come under attack.
Lipton didn't specify whether the facility needed to be tapped for a specific country, the people said. The IMF declined to comment.
According to the IMF, the pool of supplementary resources are only to be activated when "needed to forestall or cope with a threat to the international monetary system." The pool can only be activated by the board after IMF managing director makes a special request.
And while America is guaranteed to foot the bill once again (with China below the US in terms of priority payments despite its much higher cost basis and implicit investment into Europe), it will do so only on a provisional basis - none of the biggest IMF contributors have enacted the formal quota increase. Which means that the US will be stuck in legal limbo when Europe pulls a Greece, collects American cash, and then finds it has no collateral to pay back with.
So far, the IMF has already allocated nearly $7 billion from the NAB. In total, the NAB can provide up to about $580 billion in supplemental resources to the IMF, but only around $331 billion is currently available for use. Based on how much cash the fund can commit to within the next year--around $394 billion--without the special kitty, the IMF would only have around $60 billion on hand.
The special resource base, funded through bilateral loans from countries such as the U.S. and China, was designed as a temporary measure. It is expected to be largely replaced by an agreement late last year by the fund's board of directors to increase quotas, the share of contributions that each member must give to fund IMF lending.
The board of governors agreed in December to roughly double quotas from around $375 billion to around $750 billion. But out of the 187 member countries, only 17 have legally accepted the increase, including Japan, the U.K. and Korea. Most of the countries with the biggest quotas, such as the U.S., China and Germany, haven't yet gone through the legal process, such as parliamentary or congressional approval, need to hand over their promised dues.
There is little we can add here that was not said during one of the two prior massive IMF intervention attepts, both of which predicted a huge global shake up within months.
Which is why we will end this post with the same words we ended the previous iteration in the IMF global rescue series:
"US taxpayers: our condolences."
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this is getting rediculous. just let the euro fail already
Interesting how it comes so quickly after the US debt ceiling was raised.
So the burn rate of the IMF is almost 2/3 of a trillion yearly. And this is just one small franchise of the Rothschild empire. Wow.
Tiny Elvis
The Proper Instructions:
Bend over
Let your lips touch your bottom
And Kiss Your Sweet Ass Goodbye.
Thanks So Much!
As a person who is funny all time (that would be me), I would say that that would be "biggerest". You can probably also use even biggest, or bigger biggest. Please feel free to use it when needed.
FGB
bring on the most-est biggest-est or go home.
The international monetary system brought to us by the ruling oligarchy really really sucks.
I just thank God the current threat to their really really sucky system is going to completely destroy it.
We must not let the Rothschild's monetary system destroy us all in the process.
We must never let a monetary system like theirs develop ever again.
Next step: Geithner tells Obama that unless BerkshireHathaway-BankofAmerica receive a no-haircut bailout then Satan will rise from the earth and consume Washington D.C.
Why can't I shake this feeling that somebody is staring at my IRA.
Not to worry, you'll have plenty of US treasuries to hold in exchange.
teresa is not only staring, she's drooling.
http://teresaghilarducci.org/
- Ned
Just $500 billion? That's probably just enough to get the bugger currently in the WH re-elected.
But, just to be safe, better make it $1 trillion, so there's enough left over to pay off the union thugs, black panthers gangsters, TSA goons, and Xe mercenaries.
The economic science experiment since the days of Ross Perot, and has predicted the outcome with pinpoint accuracy to the current time.
I have tranquility in foreseeing this day come to fruition in my life after studying and researching this issue over the past 35 years.
It's almost as if I have already won.
One hasn't truly won until one stops replying to themself.
Thanks Crime..., somebody had to say it.
When and if this thing does truly collapse. You will not be the winner. I read your posts and you have some interesting viewpoint,s albiet slightly sophomoric in some areas, they are still your viewpoints. You feel that the internet is your savior in this lovely world of ours. Yet I am still not sure that you understand that every tick you write on you texts, tweets or ZH posts get funneled into a DHS, CIA, FBI database should you use trigger words - and you have. When and if this thing does truly collapse the only people who wil benefit are the same people you loathe this very moment. That's it, plain and simple. So unless you are an ultra rich business man who gives millions in donations a year to your favorite politicians... you will lose.
You would have made a fine complicit governor in occupied France.
Did you ever ask yourself "Then what?" All of you who threaten with lets bring it all down but do nothing about it are just as bad as the people who created the mess. Do tell of your personal experience in trying to slay the evil dragon. I released over a million in real estate, over 100k in credit cards in a futile attempt to help squash the system. Since then I have learned we are all on the same path, whether we like it or not. Stop crying poor and get your ass out there and make some money. You nor I can destroy this beast. Only the people at the top can truly destroy it... and they won't.
The banking system is confusing when monetary systems do not have zero-sum characteristics.
Seems to me that the root word ought to be "bugger".
Bigger and better buggering with the new biggest buggerer. Without butter.
Biggester ... followed by biggestest ... followed by biggestester...... until either the US explodes or the jackals in DC are sent packing back to Rome.
TPTB will do whatever it takes to keep the EU and Euro afloat until after Janet Napoletano (otherwise known as 'Shrek in a different shade of green') has us all safely tucked away in Camp FEMA.
Phatest. get with the new hip lingo already.
Her new nickname is "Janet Incompitano"
"This package goes to 11..." Nigel Tufnel, Spinal Tap
Does biggerest come near "buggerest" in the New Standard Recently Revised and Terminally Re-Edited Somewhat English Language Dictionary? Somehow I don't like how this sounds.....
What he said.
that's the World Bank. You're confused. The IMF is owned by "you and me." Which for some reason is different from a "World Bank" which indeed was owned by the Rothschild empire. But then Defense Secretary McNamara took over...
which raises the question "is this a bailout fund for the USA." you can't repeal the business cycle--and that includes a cyclical downturn from disastrous fiscal policies. My guess is they're trying to keep one large Western financial insitution from collapsing even though all the others will. Wouldn't surprise me if that one was JPMorgan/Chase as HSBC "Colonel clinked" them with a few thousand ounces of gold which is all that's worth anything in that bank. as opposed to HSBC which has tons of gold via GLD. with silver about to "normalize" it relationship with gold (40 to one sound about right) that would put the price of silver at 50 bucks an ounce--which could go much higher should nations realize that there simply is no more gold to be bought at any price of any size and therefore start pouring into silver.
Nah, we're Amuricuh. Histree don' hupply tu us.
the mere participation of the US in the IMF is unconstitutional. that we would hand a bunch of international bankers the ability to spend US taxpayer money at their discretion is outright treason.
when the Fed & Treasury lose control of the $, the fiat game no matter how it's dressed (SDR or otherwise) will be over for at least a generation. people will not send their kids to war. power will decentralize- not by will of the majority, but because the people who are worth a shit in this country will make it that way.
I regret I cannot hit your green arrow many more times. I haven't read the history of the inception of the IMF in 1944 but it appears around that time that the subversion of our government to Communist ideals was in full effect
Can't eat silver or gold.
I have a hard time digesting rice too. Pork-bellies!
wrong!
http://www.associatedcontent.com/article/1083075/confessions_of_a_gold_e...
http://blogs.wsj.com/wealth/2009/01/16/why-the-rich-like-to-eat-gold/
http://www.businesspundit.com/10-ways-people-eat-gold/
So eating gold can make your teeth start growing, eh? Jerry, I love you as an entertainer, errr wrestler, but you've taken one too many to the head. You have got to stay off those websites.
and the 500b number matches too!
There is no need to let the euro fail when you can use leverage to infinity by a cloud identity.
Just do it ... then worry about changing the rules after. You don't even need to have "deposits".
After all, its no different than an ordinary bank printing to give loans.
So the IMF goes bankrupt. Big deal. Everyone got saved and no real money got lost.
rediculous? They skipped it and went straight to plaid...
http://www.youtube.com/watch?v=ogbGLV8QR58
"rediculous? They skipped it and went straight to plaid..."
That's 'ludicrous' speed... with attached warning "Never, Ever, Use!"
In the case of the IMF 'ludicrous' speed = SDR
We are all being shepharded from Benny's experimental economic petri dish to the IMF's mad scientist version of test the population to destruction. Hey, if Benny's experiment has failed, why not try something even more extreme?
It's win win for the IMF and world oligarchs... If most of the worlds population die from hunger the remaining natural resources will sustain those left alive longer... If most of the worlds population survive they will be surfs.
"...and not one person in a million will understand what is happening" Keynes
Little Bill Daggett: I don't deserve this... to die like this. I was building a house.
Will Munny: Deserve's got nothin' to do with it.
[aims gun]
Little Bill Daggett: I'll see you in hell, William Munny.
Will Munny: Yeah.
Agreed. I posted this before, but if a common currency was so damn important to trade the U.S would have printed with Canada 50 years ago.
"Which means that the US will be stuck in legal limbo when Europe pulls a Greece, collects American cash, and then finds it has no collateral to pay back with."
No worries, just add it to the shadow Fed balance sheet, or put it down in the Treasury's books under "goodwill".
Gold as collateral.
No way Greece (or anyone else in Europe) will let other countries lay their hands on its gold.
an American Admiral ran the City of New Orleans for 20 years. Given what American Staff officers and the entirety of the Officer Corps and all the soldiers, sailors airmen and marines have been getting killed for for the last 10 years "running" Greece for the next 20 would be a welcome relief--especially since the Greek PM is simply a shill for German banks and is systematically looting the country. In short "the country is collateral" and the gold will be taken just to make sure that's understood. Somebody has to stand for Western Civilization let alone the Greek people. Obviously it can't be the IMF. You'll see once a million people march on Athens. Prime Minister Poopy-doo will Scooby-doo faster than you can say "psuedo-socialist."
http://www.youtube.com/watch?v=0_C2HJvtRDY&feature=player_detailpage
And Molon Labe goes round the world and returns to the land of its birth.
Poetic.
Go tell the Spartans......
Will today's Greeks spill their blood to defend their treasure?
I'd vote no.
They seem to think more of the same will save them.
I hope by "they" you mean the Greek government shills. Because the Greek people have different ideas.
Unless it's gone already.
that will be reported in due course as well. BOOTY CALLLL!
Ever hear of war?
Ahmeexnal @ Fri, 09/09/2011 - 23:59 |
Gold as collateral
I would fling it into the deepest lake around me, if it came to that.
I will not support ANY NWO.
TWO QUESTIONS FOR THE ZEROHEDGE COMMUNITY
1. What happens to the USD when greece or any other PIIS nation goes bankrupt ( considering all CDS written by US banks)
- Since Swiss currency is now pegged.. it is no longer a viable safe haven, So if there is a DOMINO effect and a run on US banks USD will need to be devalued, but at the same time with EURO collapsing USD becomes the next best place to be in causing USD to appreciate..
2. what will be the net effect on USA over the short term (3-6 months) once Europe collapses..
For the short term, panic will lead people to the only thing they know - Dollars. European collapse will help kick the proverbial can down the road a little longer for the US economy. As long as someone keeps buying US debt (this time flood of money from persons fleeing the Eurozone), the US dollar will stay relatively "strong". Unfortunately, neither wealth nor confidence is infinite; eventually, no one will be able to afford or wish to purchase US debt, and that’s when the fabulous ponzi scheme of "debt-based currency" finally comes to a screeching halt.
I think CapitalAnarchy has it about right, but I question whether 3-6 months is material. The banking crisis that will accompany disintegration of the Euro seems likely to destroy confidence in the dollar in weeks..not months.
I can't see what rabbit they could pull out of their hats to prevent it, but then in a system where even the victims have a huge vested interest in believing the lies...they might pull something off.
Right now, I'm guessing the dollar has weeks to live once the Euro hits the skids.
Are you kidding? Euro collapses and all major currencies collapse and trade stops like it did in 1930s. Almost for sure. How could people buy stuff from Germany unless there was a replacement currency already lined up and people prepared to go to work etc and get paid different rate, etc. Please think in systems people - there is no major global currency that could collapse right now that wouldnt bring the rest of currencies down with it (well, maybe Japan). Its trade, exchange and supply chains we should be focused on, not gold and relative strength...
Let’s make a distinction between ‘system think’ and ‘herd think’. Though I agree focusing on trade and exchange and actual real wealth building activities are most important, we must admit that vast amounts of wealth have been stored in fiscally irresponsible fiat. Because of this, ‘herd think’ takes over as persons attempt to transfer this wealth out of a collapsing currency into something they believe will continue to hold value. This obviously includes precious metals but also varying currencies. Currency collapse as a catalyst for the collapse of competing currencies is sticky. Whether it takes weeks or months or even years (even I giggled as I typed ‘years’), there will be some measurable time lag between the fall of the Euro and the Dollar.
Uhhh, gold goes up?
that's easy:
http://www.youtube.com/watch?v=I4kqs-BvDnw&feature=player_detailpage
Let me disclaim that I am talking completely out my ass on this, but here goes:
Possibility #1:Would not the "failure" of the euro, this economic disintegration via sovereign debt, induce panicked printing, accelerating inflation? In this case, such hyper-inflation in Europe would seriously disrupt the inter-connected US financials, not that it would cause like-inflation here, but it would be a threat to what little financial soundness there is. Really, there is only so much one can print before it falls on top you(right, Mr. Chairman?). So the states will face shock and fear and some tumult, but not their turn yet to totally dissolve.
Possibility #2:Crunch in the credit markets, like in 2008, only worse. This would mean a run on the banks, a drop in the stock market(a real drop, not this pansy-ass 5% shit) and serious repercushions such as 30-40% unemployment, Washington burning to the ground, and Charlie Sheen becoming an anchor on the Today Show. This is the kind of apocolytic carnage we may be in for. OOOOr....
Possibility #3: The band plays on with incremental band-aid applications to ever-increasing wounds, the slow-play, as it were(in Hold 'Em jargon) so as to get the maximum committment out your prey. Here unemployment will steadily rise, the euro will stagger through another 12-24 months of parrying off disaster and the few really violent confrontations with a milked and destitute European population are dealt with harshly enough to discourage copy-cats. Ask any sadistic torturer you know and they'll tell you, "The longer you can keep the victim both alive and in extreme pain, the better!"
When the euro was launched the Germans were planning to incinerate all the old deutschemarks. Somebody convinced them instead to store them in a warehouse. Looks like they might need them. I bet they can be shipped out across the country pretty easily, and I bet people would be glad to take them and use them again.
But the trade if you really think the Euro is going to collapse is to go long German bunds...just sayin'
How are they going to sell us the North American Union (with new currency the AMERO) if the euro falls?
I can understand why they are fighting to keep it a float , but I know in the end...the system is past due for a collapse.
Borrowing more to pay off dept, is like paying my mortgage with a visa card, with no real money coming in..eventually the crash will come...very soon now.
Meanwhile India, which can barely feed and clothe it's own and is choking on WB and IMF debt anyways, is participating (Haaaaah....more like being ordered) in this expansion. Weird world. American's go jobless, but USAID pours out the dollars like there is no tomorrow.
Pretty clear to see that the system is BROKEN. And somethign wicked this way comes.
V
Signs of the fall
All meaningless fiat. I'll hold my PM's thank you very much.
True espirit, till you "have" to privatize your water works or else. or sell your gold or else. or shove the debt deeper onto yoru alread impoverished society or else.
Then it really stinks and feels very real.
V
Ah, but wouldn't you agree that it is not India that participates, but rather a select few who masquerade as leaders and representatives of the Indian people?
And wouldn't you agree that such a scheme, over time, in every nook and cranny of the world society could indeed turn the planet on its axis?
Rhetorical questions... I've read your words.
Something wicked this way comes, but do not blame the system.
There are perpetrators, the likes of which would have, will, break any system.
That is the greatest problem to solve, and it appears that's where we are headed.
Indeed Cabreado. I'd even use the other p word, predators.
V
ORI, would that refer to flesh eating predators?
Honey, what's for dinner? Darling, you really don't want to know...........
Yikes!!! then its true.......There coming BACK!!!!!!!!
It's The Food Chain. Some claim that the jackals, sharks and giant vampire squids are healthy for the system. It culls the weak and less well equipped to survive and improves the gene pool. Some of those doing the claiming, though, may be predators themselves.
The weak and defenseless -- it's what's for dinner.
Macbeth +1
EXTERMINATE......
EXTERMINATE.....
EXTERMINATE......!
ORI,
Bikini Clad Mothers! Just what were you doing on that article in the first place? Busted! It seems your sadness and incredulity over the state of the world is overcoming your sense of humor. Nothing like this last forever. BTW, I've been reading your blog of late. Some good observations, just can't figure out how you have the time for publishing a book, creating music, blogging, eating, etc
HL&S, it was the bikini clad mothers-to-be part that got me. Seen enough and more bikini clad mothers to raise much of anything, ire, incredulity or otherwise :-0
AS for humor, I'd started life wanting to be the next PG Wodehouse! Hmmmmmm....... and he wrote through 2 worldwars too. Or perhaps Art Buchwald.
Here we are though, eh? And thanks for the visits/read.....
As for time, I'm holding my breath waiting to see the first person to come and really challenge/question me on this: http://squareandc.net
Till then, I get to play! ;-)
V
Man, you're really full of shit.
Please see PaulaHantu's apropos comment below.
At least it's holy! ;-)
V
Holy shit!
How much longer are we, the people, going to put up with this?
I LOVE YOU MAN!!!
I am ready when ya'll are!!
This is just too funny. In a democracy, the 51% (or more), rule over the 49% or less. By definition, half the population is less intelligent than normal, throw in teachers, public employees, people who listen to NPR, and I am thinking that comes up with more than 50% of people who believe what their pastor/priest/teacher/leader/president/union boss/etc tells them. Soooooo, to answer the question about how long are people going to put up with this, I am thinking, "For a very very very long time."
Wanna bet me?
I have written about this before, but for the sake of shits and giggles, lets do it again.
Things are really messed up now. I would say that things look like they are going to be pretty fucked up come Monday morning. Are things so fucked up that they can not get even more fucked up? Remember the S&P downgrade of the US? I thought people were going to jump out of buildings. Uncle Warren had to rescue Bank of America. And then, boom. Things came roaring back, at least stock market-wise. Things have been getting worse, worser, and worsest for a while now. They are downright really fucked up. And yet, money keeps getting found in seat cushions. When Greek paper fails, that will really be a mess. Will things finally be so fucked up that they are unpatchable? Surprise me.
Pescado malo,
So you too have noticed that black swans are really very dark black birds, and it takes about 100 of them to equal one actual swan, which I from this point on refer to and rename as 'the big black swanson'. Issues in a fiat system have fiat solutions. I can repair my invisible imaginary engine with invisible imaginary tools.
http://www.youtube.com/watch?v=Xj6G90-_Ov0&feature=feedu
This week Max Keiser and co-host, Stacy Herbert, discuss passing the currency grenade and the Central Bank of Nigeria mentions trading oil with China in yuan. In the second half of the show Max talks to anthropologist, David Graeber, about his new book, Debt: The First 5000 Years.
"They" could be stopped in a matter of weeks, IF the right steps were taken to thwart their globalisation plan.
SECEDE NOW!!
A couple of American sovereign states seceding and instituting state banks to provide liquidity to their local populations -- while disowning all the illegal debts incurred by DC -- and the same with just a couple of European sovereign states -- would be TPTB's worst nightmare (which is why they are flapping their arms like Wile Coyote over the cliff edge trying to keep the EU and Euro together until after the Fall of America).
Things could get a little messy when TPTB try to step in militarily, but then they would be showing their hand and others would then quickly join the secessionists.
It's just unfortunate that none of us on our own can achieve the necessary steps ... it'll take a few brave statesmen strongly supported by at least 5% of their people to do this. At least 50% of the population neither knows nor cares what is going on.
The money printing games, "debt" ceiling discussions, and pontifications in the financial media, are distractions from the real issues of who is acting for whom and under what authority!?!
The solution is not political. You are asking one group of politicians(2nd tier at that) to do what their 1st tier bretheren are incapable of doing- act with honor and integrity to uphold the word and spirit of the Constitution. You want the lion to lay down with the lamb.
The people, as communities, are more capable of succession than the States. Like minded Americans, who believe in liberty are all that is needed. Succession is a state of mind.
In this whole world filled with an infinity of variables, where butterfly wings in Beijing create storms in the midwest, where every single human live lives of unique experiences- how is it that history continues to repeat itself? If every choice creates a new future and everyone makes different choices- why are the results always the same?
Where is the evolution of thought? Why are we stuck on the same questions pondered by the Greeks and others? Why has society remained the same for the last ten thousand years? Systems of slavery and masters?
History repeats itself because the world is controlled and manipulated for the benefit of a special class. Religions become tools. Politics become tools. Economics become tools. Science becomes tools.
When the end result of all our technology, learning and philosophy is a failure to develop liberty and fulfillment or worse, the complete and utter intransience of a social system that has all the hallmarks of slavery being perpetuated forever, should we not question whether there is a source point that controls humanity?
I normally agree with your posts, Sean -- but on this issue I don't. Time is very short, so we don't have time to educate local communities and individual citizens on the philosophy of freedom. (I'm an ancap and sympathise with you, but I'm also a realist ... we are at least 5 generations away from achieving the proper freedoms and governance of which we are eminently capable).
Secession of just a few sovereign states within the coming months (not years) will undo what the globalists have cunningly built over decades (in Europe) and centuries (in America) to concentrate binding decision making over 800 million honest citizens into just 2 cities (DC and Brussels) and a handful of captive/corrupt politicians. Those who control these corrupt politicians will have no power if we present them with the equivalent of herding cats ... and they know it.
It must be achieved quickly -- and it is something that Texans and Finns are already contemplating without the need for multi-generational education and debate.
SECEDE ... NOW!!
It isnt just Texas, much of the southern population is contemplating it. I suspect when it happens it will probably be SC going first (again) but maybe Texas will elect some steers for a change and lead the charge this time.
If I remember right, there were a few states that attempted to sucede from the union 150 years ago, back when the law was much more unsettled, and had a legal basis. Federal control was limited to armed force. The population had not been subjected to a controlled education system, a controlled media and there was no FED. Surveillance was limited, there were no drone planes or helicopters, no fema camps or a military style police force.
Confrontation is a poor choice of strategy. It plays into the strength of our opponents. Guerilla tactics are called for here- we must throw out the rules and attack the enemy where it is weakest.
What are the weaknesses? One, financial (taxes, controlled markets, currency and credit). The destruction of these mechanisms and the creation of black markets, alternative currencies, loss of tax revenue, repudiation of credit debts would cause more disruption than 25 states seceding.
Two, Social- the removal of the approval of the population ( no support for police or military), no voting, withdrawl from mainstream media to alternative media, creating new arbitration systems and the refusal to obey courts, community development are all ways to cause Statist failure.
There are better alternative actions.
First, do you really think Obama has the balls to pull a Lincoln and turn federal forces onto rogue states? It's about UNIONS, not union, with this president. Second, what's the moral imperative for war absent slavery? Which New Yorker or San Franciscan wants to fight in Texas to liberate that state from... liberty?
The states are constitutional entities, just like the federal government. Each has a duty to protect the electorate (allegedly) with specific powers. That may mean that a number, a majority or every state repudiates federal aliegance one day, gutting the fedral government, discharging all debts and obligations in order to protect their citizens from federal malfeasance. It's the federal government, not the individual states or people, that owes $15 Trillion.
Obama is a puppet. It will have nothing to do with whether he has the "balls", it will be the determination of his masters. His job is to sell it.
Unions? Unions were co-opted into the governing structure at the turn of the 20th century. They play a part, just like parties play a part. Divide and conquer.
There is no moral imperative for war. Nada,zip, zero. In a society based on liberty and private property- war has no purpose. There is no economic benefit. Self defense yes, war, no.