debt default

US Constitution Fourteenth Amendment

Posted on by Helena

Clinton wants Biden to assert the Fourteenth Amendment to the Constitution in order to override Congressional approval of a budget without a debt ceiling.   Clinton, a former lawyer would seem to NOT be versed in the exact wording of the Amendment’s articles and their meaning.   Section 4 of the Amendment is the clause they feel leverages this right. It Reads:

“The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any state shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.”

The budget proposed by Biden is not ‘debt’ because it hasn’t been authorized yet. It is simply a request at this stage.   Debt refers to obligations by law which would have accrued already such as Social Security, Interest and Pensions.   But there is another stickler to Biden/Clinton’s 14th Amendment assertion – Section 5 states:   The Congress shall have power to enforce, by appropriate legislation, the provisions of this article.

There is absolutely no statement that gives the acting President the authority to override Congress or omit them from budgetary law.

The Fourteenth Amendment is thus not a valid means to force a PORK budget with discretionary spending that is NOT debt at all.   The point is scare tactics.   The point is a legal nightmare of misinformation being used to illegally hijack Taxpayer Funding.

Budget cuts are not on the liberal table – they want instead to INCREASE spending to ever higher levels despite each increase simply increasing the deficit for the next brawl.   IF you gave our esteemed government a $13 trillion budget – they would overspend it.   They are children at a lollipop store.

McCarthy continues to declare that he speaks privately with Biden – which is of course a nontruth – LIE.   Biden can’t speak a coherent sentence much less negotiate deals and Bills.   When the entirety of Congress continues to pretend that Biden is our WH representative, they reveal the fact they are ALL complicit in the coverup.

The obvious backstage handlers include: Rice, Bloomberg, Clinton, and Obama.   But they are the shills for the largess hands of the opaque Masters who hide like thieves and mercenaries.

When The Pentagon, whose own budget record can’t account for $Trillions in LOST $$$$, suddenly determines a $3 billion accounting error freed up those monies to send to Ukraine, we know the Military is defunct.

According to the Treasury departments last public Balance Sheet dated September 2022, liquid assets amount to $2.668 TRILLION.   The interest on debt stigma that is being parlayed is ugly, but it would NOT break the bank: interest liability on debt is roughly $600 billion.   That would allow spending of over $2 trillion to cover remaining mandatory expenditures.

Aide to foreign countries is NOT a mandatory expenditure, neither is the PORK spending on NGO’s. The same NGO’s which rely on massive taxpayer funding such as National Endowment for Democracy which now has a number of subsidiaries all squealing for MONEY.   Or CSIS which has also created additional baby mouths to feed!   The CIA Fund Q-In-Tel would also be considered non-mandatory.   Of course, funding for the CIA, FBI, and IRS are already on the table for defunding given the internal corruption has become ‘unsustainable’.

Various economists and media pundits with degrees in equity and inclusion have made their opinions known as to what would happen should there be no hike in the debt ceiling.   The scenarios provided have been thoroughly researched and studied with conclusions stipulating –   ‘it’ll be bad’ or ‘it’ll be really bad’…

But the reality is an unknown.   Speculation provides theories, and theories provide guesstimates.   We are in the height of tax season, so a fresh incoming stream of taxes is replenishing the cash assets.   What the pundits don’t particularly like to discuss is truth.   What they don’t like to do is present calm and analytical observations.

Chicken Littles Screaming The Sky is Falling.

The synopsis provided by the left is that the Treasury would stop writing ALL checks.   That synopsis would have to be based on the principle that the Treasury has no money at all in reserve.   That would mean they spent money for obligations that were not recognized.   It would mean that the Treasury is already in default.   It would mean the entire system of payments is fake and corrupt.   It would mean our entire government has defrauded the American People. And THIS would be what they are afraid of –

Reuters claims that missing one payment on debt would trigger a collapse of Wall Street, and cause interest rates to go up pushing out housing, cars and small businesses.   The economy would implode – and we would all starve and die. The basis of ALL the dire warnings is that the Treasury is broke and has zero CASH.

IF that is true, then funding for Mandatory payments could easily be a temporary resolution.   But the liberals need the fear mongrels to intensify the allusion.     Because Discretionary Spending is NOT DEBT!

Debt Default Among Poorer Countries – Another Banking Spiral…

Posted on by Helena

Poorer Countries across the globe are beginning to face ‘debt default’.     Ukraine, Ghana, Sri Lanka, Pakistan, Lebanon, Egypt, Tunisia, Argentina, Kenya and Zambia are in an economic crisis and the US is calling for more restructuring and forgiveness.   The vast majority of the debt is owed to China and the IMF.   1)   Despite demands from western nations that China follow the rules based mafia, China is no longer bowing to these whims and has declared they will make their own decisions. 2)   The IMF is nearly broke sitting on a 5.8% Net Equity Ratio.   They have no leverage for restructuring.

Politico:   “Treasury Secretary Janet Yellen and other officials are growing adamant that what they view as China’s hardline approach to lending is squeezing countries and threatening to deepen poverty in Africa and elsewhere.”

The issue with the version presented by the far left Politico is that it is focused exclusively on China instead of the IMF whose inability to provide relief is a paramount concern. By contrast The World Bank would appear to be relatively healthy.   The bias places unequal weighting on the scales and thus precludes a whole picture presentation.

According to Politico, China made loans with the expectation of receiving oil and minerals while the US/IMF were simply above board in their backhanded stipulations and pinky-swear motives in just trying to lift countries out of poverty.

You see, according to Politico, the IMF has been helping to build infrastructure such as bridges, roads, and railroads so as to unlock these rich farmland commodities to be consumed by the individual country’s citizens… That would be the pitched riff.  

China’s loans and influence have interrupted the Cartel’s true intention of colonizing Africa and absorbing all their resources while Bill Gates performs his magic depopulation religion.

Land Grabs have been the infrastructure reasoning.   Land grabs have been commonplace for 2 decades. The vast majority of the land purchased for pennies on the dollar was sold to US, Saudi and China interests.   But US hedge Funds and Banking Cartels such as JP Morgan and Goldman Sachs have tucked away African Land for a ‘rainy day’ as well.

In addition, many US venture firms form offshore status to surreptitiously buy up the land and are much more difficult to confirm.   For Example: A)   Petrotech-ffn Agro Mali which is a subsidiary of Petrotech-ffn USA. B)   Sierra Leone Agriculture (SLA) is actually a subsidiary of the U.K. based Crad-l (CAPARO Renewable Agriculture Developments Ltd.), associated with the Tony Blair. 

The local squatters who were fending off the land were expelled without a dime. The farmland was lacking in infrastructure so the Green Fund, USAID, and the IMF have been redirecting US Taxpayer funds to build infrastructure. Not for the squatters – but for the interests of the Western Nation Cartel.

Africa has over half of the world’s arable, unused land. An estimated 500 million people in Sub-Saharan Africa depend on 3.46 billion acres of community held farmland.  As of 2010, 261 million acres of this land belonged to ‘investors’.

China is not responsible for the rising debt problem in these countries.   Because of the disingenuous actions of Treasury Secretary Yellen raising interest rates, the cost of debt paid in dollars has become insurmountable. The basis for Yellen’s larceny has been ‘employment’ stats.   The employment stats have been fabricated.   And thus the entire interest rate hike scenario is a farcical fantasy.  When compared to ADP payroll processing, the Bureau of Labor numbers are wholly inconsistent!

March ADP:   145,000 jobs added                                   March BLS:   236,000

February ADP:   242,000 jobs added                              February BLS:   311,000

January ADP:   106,000 jobs added                                January BLS:   472,000

The discrepancy is MASSIVE!   It is also – ignored.   And the BLS numbers continue to be the source for Yellen’s hacking interest rate hikes which have created an explosive debt default spiral.

As a result, the devaluation of the dollar will continue to splinter the US economy as more countries move to ‘safer’ coin.   Countries holding US Debt will likely refinance with better terms.   And the Western Cartel will find themselves with nothing but paper.   In addition, Sanctions imposed by the US have contributed to the destructuring of the American Empire.   Sanctions have rarely been beneficial to the US, however they played a pivotal role in other countries demise, including Syria.

As a result, Syria and other Middle Eastern countries are being befriended by their own while the US continues to parlay an enemy motif.   “The Common Enemy” was George Bush’s response to 9-11 in the destabilization of the Middle East.   Give people a common enemy and they will come together.   This hawkish ideology led to a host of assassinations across Africa and the Middle East. Detangled from this illusion, these same enemies are now being befriended as allies growing alternative empires.

Politico’s distraction of blame is easily deconstructed.   Africa and South America continue to be the greatest recipients of climate change funds somewhat mitigating debt collapse.   Should they move to a different currency would The Green Climate Fund still play footsie?