The interviews say the plan is to let the system collapse, the EBT 'food stamp money' cards won't work and so on, have a few weeks of chaos and hunger and violence, till most hungry Americans beg for protection from their government
Then they will put in steps where the US government will control nearly everything, many dissidents taken off to camps, and most types of firearms and upper-capacity magazines get confiscated ... with a few less high-power, totally registered guns allowed to be kept by US citizens who don't violate the new rules or restrictions on life
Unsettling stuff, if true ... site is Douglas J Hagmann's 'Northeast Intelligence Network' ... here are the DHS 'insider' interviews in text, two parts
Part 1
Part 2
I'll take the bet on this not happening -- in in Spring, 2013 or anytime in next four years.
ReplyDeleteMeanwhile, I have my own diabolical Wall Street conspiracy theory! If you are a corporation depending on the Treasury to pay you in a timely manner in order to avoid a cash flow disaster, what you need is the CASH NOW, not a scrip that gets you nothing until Congress raises the debt limit. But never fear: the Wall Street banks come to the "rescue" and provide the cash by buying the scrip at a fraction of the face value. They could also make derivatives on the scrip.
This simple solution is to mint the $1 trillion platinum coin, but then, Wall Street makes no money on that solution. What do you think?
Here is the scenario as described by the NYT…
http://www.nytimes.com/2013/01/10/opinion/an-escape-hatch-for-the-debt-ceiling.html?_r=0
This idea, which I will use as a topic for one of my upcoming posts, is a brilliantly stupid proposal. It takes the pressure off Congress to work on the problem and allows the spending to continue. What happens when the value of this scrip becomes worthless? It would if the "crisis" continued for several years.
ReplyDeleteThe simple answer is not to mint anything but to become adults and work out a solution to the problem, otherwise, we are smoking funny cigarettes!
If the Republicans throw the country into default on the debt, I believe the scrip solution is more likely than minting the coin, simply because Wall Street can make a ton of money buying scrip for a fraction of face value from seniors who need their cash from Social Security every month just to eat and pay the rent. Wall Street is dealt out of the picture by the coin solution. Of course, the third option is that Obama blinks and gives the Republicans what they want. Based on his track record, I would not rule out that possibility.
ReplyDelete--David
Agree with the blink!
ReplyDeleteThe coin is hooey and would be condemned by the world, no chance of that happening.
As far as the scrip that probably has the best chance but would be a disaster. You might be right that Wall Street and the banks would love it. Lots of money to be made especially if they lower the percentage to 80-85%. They would be making 15-20% on each transaction. I would love it if I was a bank!
I hope that the Republican leadership develops some balls and pushes for some spending reforms. I doubt they will and most probably will just kick the can down the road for a year or two. That is the likely result.