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03:33 PM
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Obama to usurp Constitutional power from Congress?
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 45522689:MV8yMzc1NDAyXzQwNjM1NjQ2X0Y4N0JGQTkx] [quote:Mr. Toppit:MV8yMzc1NDAyXzQwNjM1NDQ2X0ZCRkYyRUZG] [quote:Anonymous Coward 45522689:MV8yMzc1NDAyXzQwNjM0ODIyXzFCNkVEMzYx] Okay... Either he does this and raises the debt ceiling on his "own" or they all cave and raise it anyway - and then print like a mother fucker, leading eventually to hyperinflation. All debt is hyperinflated away. OR, and I like this one... !!! (highly condensed) They default on all foreign debt and print to monetize domestic debt*. Gold, [u]worldwide[/u], is revalued multiples of its current price to recapitalize everything. Gold is used from then on, at its new price, to settle international trade imbalances and to pay for imports - At this stage confidence in "the full faith and credit" of the United States will be fucked... with only gold left to settle such international business:-) Given time and with a (temporarily severed) head, the States will eventually start manufacturing again and do what America does best. Grow, innovate, and succeed but at a sustainable/natural rate. ... and don't think for a minute the US doesn't have the gold they say they do. It [i]may be[/i] (and is!!!) leased, but a lease means shit when you can settle in cash... and they will. [youtube]http://www.youtube.com/watch?v=7sG10xaKsXw[/youtube] [/quote] If Obamacare is an example of anything, it is this: confidence in US FFC has already been abandoned. Time to sell dollars and buy the gold mine with whatever is left. [/quote] The loss of confidence I always speak of is a slightly different animal. A much more dangerous one. Obamacare is a symptom of something else, and another conversation. Sell dollars, yes! and they all will;-) A gold mine aint gonna do shit for you unless you're a sovereign entity/country. But [u]do[/u] buy gold, by all means. Watch all countries on this earth tax every gold mine... as in; [i]us[/i] miners will get paid for our cost of extraction + a small fee:-) or some will outright nationalize the gold from domestic mines. [/quote]
Original Message
According to sources in Congress and the White House,Barack Obama is preparing to usurp the Constitutional power of Congress to control the purse strings of the federal government. The Obama plan entails using the 14th Amendment of the Constitution to bypass Congress on the upcoming debt ceiling debate and unilaterally raise the debt ceiling without the approval of Congress.
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