Will Congress Let US Default, Stocks Crash to Get a Deal?
[photo: ANU News]
The entire world is watching the drama unfold between the US Congress and President Obama over the debt ceiling, but this is becoming a tired script. What is obvious is that the TPTB are intentionally investing incredible amounts of focus, attention and energy on the US default, with the intention of pointing to the US default as the ultimate scapegoat for the global economic meltdown.
When these meetings are taking place between the two branches of government, I don’t believe they are negotiating deals. I believe our leaders are planning how to best use smoke and mirrors to camouflage and blame Collapse on “letting” the US default, instead of admitting, that the events in Japan serve as the forceful push that has vaulted the globe into a free-fall. MCR’s analysis back in April 2011 on Japan’s devastating effect on the global economy rings much closer to a credible explanation.
- - Jonathan Barnes, Supervising Editor
