"Ultimately, what matters is:

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  • Chex
    Senior Member
    • May 2011
    • 1032

    #1

    "Ultimately, what matters is:

    "Ultimately, what matters is: What do the people who are buying Treasury bills think?" the president told reporters this week, when discussing measures he could take to end the threat of a historic default on the nation's debt. Even with the U.S. budget deficit down by more than half since 2009 as a percentage of the economy, the Congressional Budget Office says the government this fiscal year will need to borrow an average of almost $11 billion each week.

    "You mean to tell me that the success of the program and my re-election hinges on the Federal Reserve and a bunch of f------ bond traders?"

    Clinton replied, according to "The Agenda," an account of his economic policy-making by journalist Bob Woodward. http://finance.yahoo.com/news/obama-...040100464.html

    Mayer Amschel Rothschild quote: Give me control of a nation's money and I care not who makes the laws.
    "And if I could I surely would Stand on the rock that Moses stood"
  • Chex
    Senior Member
    • May 2011
    • 1032

    #2
    A suitor sent me this http://beforeitsnews.com/blogging-ci...3-2449058.html bad news. Really? End! I think not. It's a new beginning.
    "And if I could I surely would Stand on the rock that Moses stood"

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    • Chex
      Senior Member
      • May 2011
      • 1032

      #3
      The US Treasury has repeatedly warned that as soon as October 17 it will be short of cash and forced to default on its obligations, though not saying whether it would skip debt payments or others, like social security payments to retired Americans. http://news.yahoo.com/social-securit...122713809.htmlhttp://www.law.cornell.edu/uscode/text/12/635
      "And if I could I surely would Stand on the rock that Moses stood"

      Comment

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