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U.S. Treasury, Fed planning for possible default -source
Reuters ^ | Oct 9, 2013 | Tim Reid and Jonathan Spicer

Posted on 10/09/2013 4:05:44 PM PDT by mdittmar

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To: tsowellfan

The markets are the gov’t and the Fed. One big rigged casino. Sucking pension funds, 401K funds, and all sorts of private equity dry. They are drinking your milkshake to coin a phrase.


51 posted on 10/09/2013 6:22:24 PM PDT by VRWC For Truth (Roberts has perverted the Constitution)
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To: VRWC For Truth

This just in:

Video: Harry Reid Offers Talking Points To John Boehner On Increasing debt ceiling ...

http://youtu.be/ELkbDdPeL7I


52 posted on 10/09/2013 6:29:11 PM PDT by tsowellfan (www.cafenetamerica.com)
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To: EBH

you are the first one i’ve heard
mention that in relation to how
things stand and where they
are headed-—

it was one of my initial thoughts-—


53 posted on 10/09/2013 6:31:07 PM PDT by krunkygirl (force multiplier in effect...)
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To: mdittmar
After about 5x's of this "the world's going to come to and end", crap people are waking up and seeing it's nonsense. obama is so inept at leading he has overplayed the few cards he has. He has no control over himself. He's a petulant spoiled baby.

It looks like the day is almost here where people start opening their eyes and see who the problem is. Pray the Pubs don't shoot themselves in the foot.

54 posted on 10/09/2013 6:39:36 PM PDT by wmfights
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To: Marcella

“I heard Hussein’s press conference today and now he is saying seniors risk not getting their social security checks.”

Yeah, His Petulance is real worried about having to work on a balanced budget, isn’t he? Remember: the more they squeal, the closer we are to winning.


55 posted on 10/09/2013 6:52:55 PM PDT by RKBA Democrat (Power disintegrates when people withdraw their obedience and support)
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To: EBH

Well honoring the debt and interest payments first would be the intelligent thing to do for any one who wanted to obey the constitution and do as little harm to the USA as possible.

Is there anyone here who thinks that the current POTUS cares about the constitution or protecting the USA economically?


56 posted on 10/09/2013 10:32:29 PM PDT by greeneyes (Moderation in defense of your country is NO virtue. Let Freedom Ring.)
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To: freedom462

obama has the republicans over a barrel like Reggie Love. If they raise the debt limit our credit rating will be lowered and the collapse will be postponed. If obama defaults we’ll crash sooner. Either way, he gets what he wants.


57 posted on 10/09/2013 10:48:11 PM PDT by VerySadAmerican (".....Barrack, and the horse Mohammed rode in on.")
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To: VerySadAmerican

Well I hope it is not that hopeless - that would imply that the Republicans who started this fight were only doing it for show to begin with. I hope they have more options at their disposal than what you have suggested. Otherwise, I don’t see any way at all really that they don’t fold before Oct 17.


58 posted on 10/09/2013 11:21:02 PM PDT by freedom462
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To: RKBA Democrat; Fred Nerks; LucyT; Beckwith

The only reason a default happens is because dear leader CHOOSES to default.>>>>>>>>>>>>>>>>>>

Dear leader wants to destroy the United States of America.
According to him, the nation’s wealth was achieved on the backs of exploited and enslaved minorities. Dear leader considers himself historical justice on the hoof. This is the ideology of Rev. Wright. This is the method of Saul Alinsky and his theory on creating revolution to snatch
freedom away from the People.

Boehner is quite right to make a stand. And because he did so, we see the ugly tyranny of the Obama administration and its hell for leather ride towards a totalitarian state.

Obama must be impeached or removed. We have a budding , twisted scion of people like Adolf, Benito and Nicholas ( Ceaucescu) esconced in the White House.Now Obama is making his move to totally subjugate a free nation by usurping the financial role of Congress.

We are on the verge of becoming the United States of Zimbabwe, with a far worse, much more desperate dictator than Mugabe at the helm.

This is a good read here about the fall of our nation:

http://www.americanthinker.com/2009/05/barack_obama_the_quintessentia_1.html)


59 posted on 10/10/2013 3:07:10 AM PDT by Candor7 (Obama fascism article:(http://www.americanthinker.com/2009/05/barack_obama_the_quintessentia_1.html))
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To: freedom462

“So do you think a debt default is something that could actually happen and literally single-handedly cause a new Great Depression?”
////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////

Uh, in the real world the new “Great Depression” is here and it is looking far worse than the thirties. It is just being masked as much as possible by manipulation and gyration and media coverup. One old man who remembers the thirties told me this is NOT a depression because we don’t have soup kitchens! My response to that is wake up, we have nearly fifty million on EBT “food stamp” benefits. It is now possible for people who have no clue how to make it on their own to walk around with the appearance of being self-sufficient, even middle-class people. This was not possible in the thirties.


60 posted on 10/10/2013 5:57:48 AM PDT by RipSawyer (The TREE currently falling on you actually IS worse than a Bush.)
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To: mdittmar

If the US gov-mint defaults, does this mean I don’t have to pay all my bills when they do not send me my military retired pay and my socialized security check?


61 posted on 10/10/2013 6:20:50 AM PDT by RetiredArmy (I am proud to be a Christian and follower of my Lord Jesus Christ. Time is short for U to know Him!)
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To: Jim Noble
The President has no such authority.

When has that stopped him?

There is, in fact, no such thing as "martial law" in the United States.

As we watch the NPS close our national monuments and parks, locking the porta potties, removing the handles from water pumps/fountains.

62 posted on 10/10/2013 6:40:29 AM PDT by UCANSEE2 (The monsters are due on Maple Street)
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To: UCANSEE2
When has that stopped him?

Oh, I don't doubt that "Obama" would try it - that he is, in fact, itching to try it.

But, under what TASS would call the present "correlation of forces", we are losing. I don't think there is any serious chance that the forces of communism are now going to be stopped without war.

If "Obama" can be made to roll the dice, our chances in the game we are now losing will improve. Maybe not a lot, but they will improve.

63 posted on 10/10/2013 7:48:35 AM PDT by Jim Noble (When strong, avoid them. Attack their weaknesses. Emerge to their surprise.)
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To: babygene

That’d have been a hell of a lot easier if the House/GOP/RNC had been on the Senate’s/Reid ass about a BUDGET.

Unfort. even the GOP wanted more funny $$ to blow through.


64 posted on 10/10/2013 9:08:35 AM PDT by i_robot73 (Give me one example and I will show where gov't is the root of the problem(s).)
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To: RKBA Democrat

There already seems to be a meme along the lines of, will we choose to pay foreign investors over our seniors, veterans, etc.?

So don’t assume automatically that our government won’t choose to default.


65 posted on 10/10/2013 9:11:40 AM PDT by Tolerance Sucks Rocks (Major brain damage at UMES, but no property damage!)
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To: RKBA Democrat

couldn’t have said it better...this is just more disinformation to scare the masses and the markets


66 posted on 10/10/2013 4:30:10 PM PDT by Awestruck (Now if we can only get the rest of the "republican" leaders to stand up to the liberals.)
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To: RetiredArmy

Or if the gov-mint defaults does it mean that China forecloses on Wyoming, New Mexico, Florida and Colorado?


67 posted on 10/10/2013 6:42:20 PM PDT by SisterK (its a spiritual war)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

Thanks mdittmar.

Yellen hints at boosting inflation to create jobs (Obama’s Federal Reserve chairwoman nominee)
The Daily Caller | October 9, 2013 | Tim Cavanaugh, executive editor
Posted on 10/09/2013 3:13:15 PM PDT by 2ndDivisionVet
http://www.freerepublic.com/focus/news/3076899/posts

Jonathan Jarvis: 0bama’s henchman at the National Park Service
Department of the Interior | 10 Oct 2013 | Department of the Interior
Posted on 10/10/2013 3:21:28 PM PDT by citizen
http://www.freerepublic.com/focus/news/3077386/posts


68 posted on 10/10/2013 7:08:07 PM PDT by SunkenCiv (It's no coincidence that some "conservatives" echo the hard left.)
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To: mdittmar
The US will not default on it’s debt. With about $200-250 billion a month in revenue and debt service being about $25-30 billion... HOW in hell does anyone think we can’t pay our debts?

What Lew and his beloved Obozo are concerned about is the possible lack of payments to their voters, who depend on welfare.

69 posted on 10/11/2013 8:32:00 AM PDT by Grampa Dave ( Boycott Reno & Las Vegas until those in control there, remove Reid from the senate!)
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To: wmfights
"After about 5x's of this "the world's going to come to and end", crap people are waking up and seeing it's nonsense. obama is so inept at leading he has overplayed the few cards he has. He has no control over himself. He's a petulant spoiled baby."


70 posted on 10/11/2013 8:35:57 AM PDT by Grampa Dave ( Boycott Reno & Las Vegas until those in control there, remove Reid from the senate!)
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To: EBH

Obama and the Democrats were hoping that the rise in revenue would be enough enable them to justify their projected levels of spending. Ironically, the sequester has made that half-way pausible.


71 posted on 10/12/2013 7:43:26 PM PDT by RobbyS (quotes)
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