25-01-2011, 08:19 PM
David Guyatt Wrote:Jan Klimkowski Wrote:However, is it similar to Al Martin's insider "Protocols for Economic Collapse in America"? Pentagon plans based on the US declaring force majeure on debt service and thus precipitating a global financial collapse?
See those protocols in full at scribd link below:
http://www.scribd.com/doc/6365690/Protoc...-Al-Martin
Yes, but not so detailed. But the mushroom cloud bit stood out rather alarmingly at the time.
Geithner's letter effectively seems to be threatening Al Martin's "protocols for economic collapse" if the politicians don't agree to ever more trillions of dollars of debt.
Quote:FROM GEITHNER'S LETTER OF JANUARY 6, 2011, TO US SENATE MAJORITY LEADER:
I am certain you will agree that it is strongly in our national interest for Congress to act well before the debt limit is reached. However, if Congress were to fail to act, the specific consequences would be as follows:
The Treasury would be forced to default on legal obligations of the United States, causing catastrophic damage to the economy, potentially much more harmful than the effects of the financial crisis of 2008 and 2009.
A default would impose a substantial tax on all Americans. Because Treasuries represent the benchmark borrowing rate for all other sectors, default would raise all borrowing costs. Interest rates for state and local government, corporate and consumer borrowing, including home mortgage interest, would all rise sharply. Equity prices and home values would decline, reducing retirement savings and hurting the economic security of all Americans, leading to reductions in spending and investment, which would cause job losses and business failures on a significant scale.
Default would have prolonged and far-reaching negative consequences on the safe-haven status of Treasuries and the dollar's dominant role in the international financial system, causing further increases in interest rates and reducing the willingness of investors here and around the world to invest in the United States.
Payments on a broad range of benefits and other U.S. obligations would be discontinued, limited, or adversely affected, including:
U.S. military salaries and retirement benefits;
Social Security and Medicare benefits; veterans' benefits;
federal civil service salaries and retirement benefits;
individual and corporate tax refunds;
unemployment benefits to states;
defense vendor payments;
interest and principal payments on Treasury bonds and other securities;
student loan payments;
Medicaid payments to states; and
payments necessary to keep government facilities open.
For these reasons, any default on the legal debt obligations of the United States is unthinkable and must be avoided. It is critically important that Congress act before the debt limit is reached so that the full faith and credit of the United States is not called into question. The confidence of citizens and investors here and around the world that the United States stands fully behind its legal obligations is a unique national asset.
http://www.treasury.gov/connect/blog/Pages/letter.aspx
David Guyatt Wrote:I have just posted a sort of "bump" in the Alchemy folder that underscores parts of the Chialism angle, as revealed by Fulcanelli in his second edition of Le Mystère des Cathédrales. The second edition was identical to the first except for the inclusion of one chapter on the mysterious Cross of Hendaye.
I'm still catching up on the metaphysics of all this. Thank you for posting that material.
"It means this War was never political at all, the politics was all theatre, all just to keep the people distracted...."
"Proverbs for Paranoids 4: You hide, They seek."
"They are in Love. Fuck the War."
Gravity's Rainbow, Thomas Pynchon
"Ccollanan Pachacamac ricuy auccacunac yahuarniy hichascancuta."
The last words of the last Inka, Tupac Amaru, led to the gallows by men of god & dogs of war
"Proverbs for Paranoids 4: You hide, They seek."
"They are in Love. Fuck the War."
Gravity's Rainbow, Thomas Pynchon
"Ccollanan Pachacamac ricuy auccacunac yahuarniy hichascancuta."
The last words of the last Inka, Tupac Amaru, led to the gallows by men of god & dogs of war