Posted on 10/05/2013 4:24:45 PM PDT by smokingfrog
Never before has an American president threatened and risked the U.S. economy and financial markets the way Barack Obama has in recent days. For his own narrow political ends, Obama and his minions have actually accused the Republican Party of deliberately provoking a Treasury debt default because they don't agree with the president's position on the continuing budget resolution and the debt ceiling.
"As reckless as a government shutdown is ... an economic shutdown that results from default would be dramatically worse," Obama said Thursday. Clearly targeting Republicans, he said a default would be "the height of irresponsibility."
Then, on the same day, Obama's Treasury Department released a brutal statement that said a default would prove catastrophic, causing credit markets to freeze and leading to "a financial crisis and recession that could echo the events of 2008 or worse."
So who exactly in the Republican ranks is calling for a Treasury debt default? Who? The GOP disagrees with Obama on the budget and health care, but no Republicans have ever said they favor defaulting on the nation's debt.
What's going on here?
I have a strong suspicion that Obama and his troops are trying to provoke a massive selloff in stocks and bonds to further their political position. And a selloff like that could conceivably become a self-fulfilling prophecy, driving the economy into recession. Indeed, it could drive the whole global economy back into recession, since U.S markets are the epicenter of the world's system.
(Excerpt) Read more at cnbc.com ...
LoL!
Economic collapse. Or Constitutional Crisis. Maybe both.
Chaos is what he's after.
Obama’s like the deadbeat father who keeps calling his credit card company asking them to raise his credit limit. Why? Because he’s paying off one credit card with money taken out of a different card. We all know how this one’s going to end...
In the News/Activism forum, on a thread titled Kudlow: Obamas reckless default fear-mongering, smokingfrog wrote:
Obama Doesnt Rule Out Using 14th Amendment To Raise The Debt Limit
During his radio Satcast Kudlow openly speculated that Obama would unilateraly raise the debt limit....
Here’s Obama’s leverage to pull that off
Pick on some security guard whos doing his job and make him expendable. Time to employ propaganda devices. Emphasize that white jews last name! . Call that surveilance stalking!, The area hes patrolling “public access” area not gated owned by rich whiteys,never mention the guard is part african and dark skinned.. Depict that person hes watching a 10 year old black kid (show picture) a victim and a saint. Not a six foot 160 pound 16 year old, who was killed in cold blood and not who was killed fighting over a gun..The episode was given the full hyperbolic treatment which lasted for months and the results are clear..
You will never see a true or false poll conducted in black districts asking if they beleive the Zimmerman attacker a Travon Martin was the following : a “victim”,” in a white neighborhood”,” ill-legally stopped” ,”accosted”, and “shot in cold blood” . My guess is 80 % would respond “true”. Since this barrage of propaganda black youths have been using these devices as their excuse even citing the “victims” first name Innocent whites, hispanics and asiains being murdered because of the inflamatory rhetoric composed of lies and missconceptions being driven by the regime and its supporters in the media begun by the President of the United States.. Obama never disassociated himself from it, nor discouraged it.and the reasoning behind it ?
Well, he can’t. He was using lies and fabrications painting a target on that security guards back when he geared up his black base .Aint that neat ? What better way to discourage any investigation into malfeasance and corruption by organizing the base for riots in the streets ? Think its too far fetched ? Think its not working ? Look again http://www.freerepublic.com/focus/f-news/3051558/posts
You can listen to his Saturday radio show here: http://www.wabcradio.com/page.php?page_id=552
“Yes. Cloward Piven. Crash the system. Its been the plan all along.”
You sir, have hit the nail on its head! This is precisely what the strategy has been all along. Marxist at work.
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