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Last week,
Miles Franklin’s Bill Holter penned a missive
titled “It
was… “fun to have fun!””; postulating the
following:
As for the
debt ceiling…Treasury
Quietly Warns: ‘Expect Debt Limit to Be Reached Near End of 2012′…there
is no question it will be raised – and possibly even eliminated. I say
“eliminated,” because raising the limit every year has become
embarrassing; and there is no point anymore pretending there is a
“limit”. Bernanke has already made it clear
“infinity” is the limit to QE, so the Treasury might as well join
the festive ride!
Embracing
the time-honored principle of Occam’s Razor,
Congress – like the Fed – will take the easiest way out.
Eliminating the debt ceiling will indeed reduce government
“embarrassment”; as it become downright annoying to argue
like children every year or so. After all, if you can just PRINT as much
money as you’d like, what’s the point of having a debt
“limit” at all?
Of course,
this is where REALITY tends to show its face; as it did last year,
when the “debt ceiling debacle” catalyzed crashing stock markets,
the stripping of America’s
“Triple-A”
credit rating, and gold prices surging to ALL-TIME HIGHS.
To counter
the forces of REALITY, TPTB simply stepped up their market manipulations;
such as “OPERATION PM ANNIHILATION I” on September 6th,
2011 – when “DOLLAR-PRICED GOLD”
achieved an ALL-TIME HIGH, and the Swiss
National Bank DEVALUED the Franc by 9%…
Unfortunately,
masking reality with market manipulation only ensures the ultimate
MELTDOWN will be catastrophic. That is, if – or more likely, when
- the debt ceiling is eliminated, TPTB will have to work exponentially
harder to prevent the RAMIFICATIONS of surging, limitless, printing-press-funded
debts from expressing themselves on BOTH Wall Street and Main
Street. They cannot possibly win, but this is what trapped rats on a sinking
ship inevitably do – scurry for the highest ground, even if the
“highest ground” is ALREADY UNDERWATER…
If
this is the direction the rats are going, that’s good enough for me
In my
view, eradicating America’s $16.394 trillion debt ceiling before it is
breached – likely next month…
U.S. National Debt Clock
…would
be nothing short than issuing a “license to hyperinflate”;
in essence, PUBLICLY ADMITTING the government’s intention to take the
“DEBT CEILING TO INFINITY.”
 
If this
occurs, I STRONGLY believe the demise of the GLOBAL FIAT CURRENCY REGIME will
be nigh; and by “nigh,” I mean imminent!
PROTECT
YOURSELF, and do it NOW!
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