The Successful Plot to Destroy the United States of America

Staving off the effects of debt by creating more debt is a temporary solution that only leads to greater calamity down the road. Anyone who believes that fiat inflation actually “cancels out” debt instability is going to find themselves sorely disappointed. At bottom, government-created stimulus is not a solution to corporate-engineered debt burdens, but a reallocation of debt away from banks and into the laps of the American taxpayer. The Federal Reserve and our own Treasury have not paid off anything — they merely shifted the responsibility of payment away from the banks that created the problem, and handed that responsibility to us. On top of this, they have also set the dollar up for a crushing blow of devaluation. Here is where the prison bars enclose. - Giordano Bruno, The Great Global Debt Prison, Neithercorp Press, February 4, 2011

Now there is a cover-up of the cause and coming global run, crash and probable collapse of US Treasury obligations because of the dramatic increase in Washington's national debt to unsustainable levels. This economic tidal wave threatens the financial security and wealth of every American along with their savings, real estate, retirement plans, investment portfolios as well as their promised Social Security and Medicare benefits. - Ron Holland, Your Private Wealth Is Threatened By Government Revenue Needs and Treasury Debt, January 18, 2011

Geithner Warns U.S. to Hit Debt Ceiling by May 16

April 4, 2011

Reuters – The United States will hit the legal limit on its ability to borrow no later than May 16, Treasury Secretary Timothy Geithner said on Monday, ramping up pressure on Congress to act to avoid a debt default.

"The longer Congress fails to act, the more we risk that investors here and around the world will lose confidence in our ability to meet our commitments and our obligations," Geithner said in a letter to congressional leaders.

"Default by the United States is unthinkable."

Previously, the Treasury had forecast that the $14.3 trillion statutory debt limit would be reached between April 15 and May 31. As of Friday, Treasury borrowing stood just $95 billion from the ceiling.

Some Republican lawmakers have sought to use the need to raise the debt limit as a lever to pressure the Obama administration into agreeing on large-scale budget cuts.

The debt-limit showdown comes as Congress struggles to complete a spending package that would keep the government operating beyond Friday.

Republicans are seeking to use that bill to enact deep spending cuts and lawmakers are focusing on a proposal to trim this year's budget by $33 billion, a relatively small amount compared with a projected $1.4 trillion deficit.

Geithner said a failure to raise the debt ceiling in a timely way would push interest rates higher and spark "a financial crisis potentially more severe than the crisis from which we are only starting to recover."

Both Geithner and Federal Reserve Chairman Ben Bernanke have said a failure to raise the ceiling could have "catastrophic consequences."

BUYING TIME

As the government nears the debt ceiling, the Treasury has authority to take certain extraordinary measures to postpone the date the United States would default on its obligations.

However, those actions would be exhausted after about eight weeks and there would be "no headroom" to borrow after July 8, Geithner said.

Some lawmakers have called for legislation to force the Treasury to first pay interest on U.S. bonds before other obligations, such as unemployment benefits and Social Security and Medicare payments, as a way to stave off a debt default.

They have also asked Treasury whether financial assets such as the country's gold reserves or the government's portfolio of student loans could be sold to avoid raising the debt ceiling.

Treasury has rejected the proposals as unworkable.

"To attempt a fire sale of financial assets in an effort to buy time for Congress to act would be damaging to financial markets and the economy and would undermine confidence in the United States," Geithner said.

Based on estimates last year from the International Monetary Fund, U.S. debt as measured against the size of the economy is higher than in France, Canada and Germany, but less than in Italy and Japan

Geithner said that while the debt ceiling projections could change, the Obama administration does not believe they could change in a way that would give Congress more time to raise the debt ceiling. He said Treasury would provide updated projections in early May.

U.S. Debt On-track to $20 Trillion in 2014

December 29, 201

iStockAnalyst - As I stated back in 2009 that US debt would be $13.5 trillion by the end of 2010, it is now $13.9 trillion today. Here is a plot based on US treasury data for total debt:

Notice the gradual increasingly slope with shortening timeframe. This is a typical behavior of a super-exponetial function that is destined to "collapse" in the future. The debt obviously won't collapse due to payback, but possibly "collapse" through massive inflation or repudiation. This is the chart that any US citizens should keep an eye on. If the chart continues its own pattern of increasing slope with shortening timeframe for slope change. Then one definitely be prepared.

To put 20 trillion debt increase for perspective, the entire global stock market valued at $49.1 trillion in March 2010. When USA run out of other people's money to use, the only way left is obviously to simply print more (as if USA hasn't done it yet through two rounds of quantitative easing).

I'm not changing my current projection for a US debt/currency blow-up in 2016/2017, unless the above debt chart changes its super-exponential pattern, and/or that the time has gone beyond 2022 without any problems. Let's see if Tea Party & Ron Paul who just took the helm of Domestic Monetary Policy Subcommittee can effect a direction change in the coming years.

Outcome of the Central Bankers' Plan for a New World Order

• The world will be "depopulated" by wars, natural disasters, diseases, plagues, and food and water shortages (the global elite's ultimate goal is a worldwide population of less than 500 million).


• The whole world will collapse economically (it's the only way that the global elite can get a one-world currency and one-world government accepted). The United States of America, the land of the free and home of the brave with liberty and justice for all, must fall before the New World Order can be established.


• A one-world government with a one-world religion will be established, the anti-Christian beast prophesied in the book of Revelation. This one-world power will offer apparent peace and unprecented opportunities to a world in desperate need of grand solutions to profound global problems.


• A one-world currency will be established and a cashless society will be setup. In order to or buy or sell in this cashless society, an individual will have to take the "the mark of the beast" (the global elite's ultimate goal is to get everyone "microchipped"). Those who refuse must be identified and eliminated.


• The Lord shall come from heaven to separate the wicked from the just and to judge the earth. In a moment, in the twinkling of an eye, at the last trumpet, the believers on earth shall be transformed from their mortal bodies into their immortal bodies and shall join the saints in heaven. The non-believers shall be subject to the wrath of God and shall be cast into the lake of fire along with Satan. The earth shall be utterly consumed by fire, and the Lord will create a new heaven and a new earth, and He shall establish His glorious kingdom forevermore. And He that sits upon the throne shall say, "Behold, I make all things new… He that overcometh shall inherit all things; and I will be his God, and he shall be my son (Revelation 21:5-7)."

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