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New Discovery! 2023 Hottest in over 120 Million Years 2024 and beyond in prophecy Questions This Speech Just Broke the Internet Status: Not Logged In; Sign In Economy See other Economy Articles Title: A very secret agent Source: A very secret agent URL Source: http://www.atimes.com/atimes/Global_Economy/MG27Dj02.html Published: Jul 27, 2011 Author: Chris Cook Post Date: 2011-07-28 10:16:46 by lucysmom Keywords: Fiat Currency, Fed Created Tax Credit Views: 48215 Comments: 80 There is a charade playing out in Washington at the moment in respect of the completely meaningless "debt ceiling" which the US maintains as a relic from the days of the gold standard. We are told that at the US Treasury's account at the Federal Reserve Bank there will soon be no more taxpayers' dollars, and therefore the Fed will soon be unable to make any more payments or issue any more cheques on behalf of the Treasury. The money has run out. This is nonsense. It is a myth, and moreover it is a myth that Federal Reserve chairman Ben Bernanke exploded in his recent testimony to a US congressional committee. Asia Times">Click for Full Text! Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 24. #16. To: lucysmom, a k a stone, war, mcgowanjm, no gnu taxes, skip intro, brian s (#0) This is nonsense. It is a myth, and moreover it is a myth that Federal Reserve chairman Ben Bernanke exploded in his recent testimony to a US congressional committee. David Frum asked the other day "what are Republicans going to get out of this debt ceiling stand-off that they can't get in the appropriations process in the fall?" Nobody has a good answer. At this point even the Boehner plan makes almost no cuts to spending in 2012. There was no need for this "crisis", the GOP could have passed a short-term debt ceiling extension earlier this year and fought the spending/budget cut battles in the fall - without damaging markets and investor confidence and without potentially sending the country into a severe recession. go65  posted on  2011-07-28   11:12:41 ET  Reply   Untrace   Trace   Private Reply   #17. To: go65 (#16) There was no need for this "crisis", the GOP could have passed a short-term debt ceiling extension earlier this year and fought the spending/budget cut battles in the fall - without damaging markets and investor confidence and without potentially sending the country into a severe recession. Republicans are more interested in destroying Obama than they are in the welfare of the country. lucysmom  posted on  2011-07-28   11:23:05 ET  Reply   Untrace   Trace   Private Reply   #20. To: lucysmom (#17) Republicans are more interested in destroying Obama than they are in the welfare of the country. So destroying the Destroyer who openly calls for the GOP to be shoved into the "back of the bus' is a bad thing?? Whose DoJ regards the majority of Americans as "terrorists"?? 0bama NEVER compromises. He's arrogant. He cares not a single damn whit about the USA or capitalism or "America as we know it." He is a D-I-V-I-D-E-R. Tell me Lucy (or any liberal here at LF) - just how hasn't 0bama helped crater and divide this country the very minute he hijacked the Oval Office?? Liberator  posted on  2011-07-28   11:45:38 ET  Reply   Untrace   Trace   Private Reply   #24. To: Liberator (#20) Tell me Lucy (or any liberal here at LF) - just how hasn't 0bama helped crater and divide this country the very minute he hijacked the Oval Office?? Obama did not hijack the oval office, he was elected to that office by a majority of voting Americans in accordance with the rules set forth in the US Constitution. The country was divided before most of us had ever heard of Obama. lucysmom  posted on  2011-07-28   11:58:17 ET  Reply   Untrace   Trace   Private Reply   Replies to Comment # 24. #29. To: lucysmom (#24) Obama did not hijack the oval office... Ok. He infested it. He was elected to that office by a majority of voting Americans in accordance with the rules set forth in the US Constitution. Can you kindly point out the Amendment where it's stated that DEAD PEOPLE, Disney characters, and multiple votes are constitutional? The country was divided before most of us had ever heard of Obama. I agree. I don't think the USA is or can be one "nation" any longer. Liberator  posted on  2011-07-28 12:19:21 ET  Reply   Untrace   Trace   Private Reply   End Trace Mode for Comment # 24. Top • Page Up • Full Thread • Page Down • Bottom/Latest

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