Posted on 10/11/2013 5:34:06 AM PDT by IbJensen
“President Obama is prepared to take power and begin to rule from day one.”
-Valerie Jarrett, Senior Advisor to the President of the United States
Should Congress and the President fail to come to an agreement on America’s debt ceiling we could well be facing a situation that leads Barack Obama to implement a last ditch strategy that would be nothing short of a complete takeover of the United States.
So says former US Treasury Under secretary Paul Craig Roberts, who knows a thing or two about finance, debt and the inner workings of our government :
If the United States were to default, it would be the end of the US as a superpower. No one in Washington wants to lose that kind of power, so I fully expect that at the last minute a deal will be reached. Now, in the event that both sides play a game of ‘chicken’ to the very end, and we are down to the last hours, and fears of a default escalate dramatically, I think one of two things will happen….
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The first would be the Federal Reserve, on its own initiative, would simply lend the US Treasury whatever money it would need. You have to remember that the Federal Reserve lent to US and European banks more than $16 trillion in order to enable them to avoid default, or outright failure.
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The second possibility would be that President Obama, because of laws that are already on the books, would have the power to declare a ‘national catastrophe’ and simply assume the leadership of the government. This gets Congress and the courts out of the picture. At that point there are no limits on the power of the President if he calls for a ‘national catastrophe.’
This would mean that the President, on his own authority, could raise the debt ceiling. So, either of those two events would happen if it looked like no deal was forthcoming from the Congress. It could be that President Obama, or others in the Executive Branch, are planning to use this crisis to invoke that Executive Order.
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Of course. It means that essentially the President would become a ‘Caesar.’ That would also mean that the Congress had become like the Roman Senate, which lost its power and simply became a collection of notable figureheads. Generally when democratically regimes fail you end up with a Caesar, and a shutdown is of course the epitome of a democratic failure.
So this would give President Obama all of the justification for exercising the Executive Order so that the President can rule independently of Congress and the courts.
Listen to the Full Interview at King World News (via Steve Quayle)
The important thing to understand is that President Barack Obama relishes the power. This is evidenced by his desperate need to monitor and command drone strikes from the White House himself. He likes the thrill of being the decision maker and holding the lives of others in his hands.
He has already passed scores of executive orders, including restrictions on firearms accessories and ammunition, as well as provisions that would allow the U.S. government to take over all domestic resources, including the labor force, should a national catastrophe be declared.
Make no mistake. They want total control.
And they will let no crisis go to waste. For them, the debt ceiling negotiations reaching a stalemate may well be the outcome they are looking for, because it will justify the administration’s invocation of Executive Order and rule by decree.
The debt ceiling debate will likely have a resolution, just as it has twice in as many years under the Obama administration, but if it doesn’t you can fully expect the Executive Branch to take whatever action they deem necessary to “protect” the American people.
If that means declaring a “national catastrophe” then that’s what they will do.
Obama knows he needs to make his big move soon. It won’t be long before aspirants start gearing up to replace him and his eventual exit becomes becomes more apparent. At that point he is truely a lame duck. But no, he want’s to seize control before others try to take the stage from him. He will manufacture a crisis to exploit, and the current stalemate may be the basis for it. He has no regard for law, our country or the Constitution. He’s a despot wannabe.
“The second possibility would be that President Obama, because of laws that are already on the books, would have the power to declare a ‘national catastrophe’ and simply assume the leadership of the government.”
And...what ‘laws that are already on the books’ are these? Inquiring minds want to know.
Then Valerie Jarrett is in charge....as she is now......spirit of Jezebel......
If anyone circumvents Congress for debt issuance the 14th Amendment’s Constitutional guarantee of paying the debt would be nullified since that debt was issued without Constitutional authority.
IMO.
End of America’s power. End of the dollar being the reserve currency. End of anyone lending money to America.
I’m not sure Obama would risk it.
He screwed up the Syrian situation badly and has now painted himself into a corner whereby he will suffer tremendous political damage if he concedes anything to Republicans. But if he doesn’t give in, there’s no telling how much he’ll be blamed for any ensuing economic chaos. He’s walking on very thin political ice and could fall through at any moment.
How true you are!
End of America’s power. End of the dollar being the reserve currency. End of anyone lending money to America.
I’m not sure Obama would risk it.
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So far he doesn’t seem to hesitate to do stuff that brings the end of America’s power and end of the dollar as the reserve currency, so don’t you ever wonder whether that’s exactly what he wants?
We the peopke, my FRiend.
>Obama has lost track of what country he is in.<
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He knows exactly what country he’s in.
He is poised to pound the last nail into its coffin with the help of both parties.
and the people too!
Dictator wannabe.
No use speculating on 2016, then, I guess.
Heck, the 14th amendment grants no “power” to anyone to pay debts, it just establishes a responsibility to pay them. Furthermore, the amendment reinforces explicitly that it is Congress who has that responsibility, not the President.
Go for it Obama. You don’t have the nerve.
The Ubergoofball has his head to his own left looking for the approval of Marx, Engles, Stalin, Mao and Che...
I agree, it won’t be long.
the “first ever default” meme is false. There have been short term defaults in past history - most recently I believe in ‘79 for few days, but there were larger ones as discussed herein:
http://www.cnbc.com/id/43140915
http://usgovinfo.about.com/od/moneymatters/a/Has-US-Ever-Defaulted-On-Its-Debt.htm
http://en.wikipedia.org/wiki/Sovereign_default
The last two are specific to the ‘79 default which was more of a glitch for a few hours and the wikipedia also lists several state defaults.
Long and short is we have defaulted numerous times and we are still here.
If he makes the grab things will be “interesting” as he has no basis for it.
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