Miles Franklin’s Bill Holter penned a missive
was… “fun to have fun!””; postulating the
As for the
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!
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?
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
credit rating, and gold prices surging to ALL-TIME HIGHS.
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%…
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…
this is the direction the rats are going, that’s good enough for me
view, eradicating America’s $16.394 trillion debt ceiling before it is
breached – likely next month…
U.S. National Debt Clock
be nothing short than issuing a “license to hyperinflate”;
in essence, PUBLICLY ADMITTING the government’s intention to take the
“DEBT CEILING TO INFINITY.”
occurs, I STRONGLY believe the demise of the GLOBAL FIAT CURRENCY REGIME will
be nigh; and by “nigh,” I mean imminent!
YOURSELF, and do it NOW!