!!!!! RT: US Treasury introduces ‘extraordinary measures’ as Feb. 27 debt deadline looms . . . looks like they’re getting ready to crash the system as preparation for our enslavement. . . ~J

It looks to me like they’re getting ready to crash the system so they can put us under martial law and eventually chip us. ~J

Published time: February 08, 2014 10:55

The north side of the US Treasury Building in Washington (Reuters)The north side of the US Treasury Building in Washington (Reuters)

The US Treasury on Friday was forced to enact ‘emergency measures’ after spending its borrowed time and money. By month’s end, Uncle Sam’s piggy bank will be down to just $50 billion, US Treasury Secretary Jacob Lew warned Congress.

By now, hand-wringing warnings that the US Treasury is about to go bust brings to mind the story of the little boy who cried wolf so many times that everybody eventually ignored him – much to his tragic demise.

The reality, however, is that the problems gripping the US government and its profligate spending is no fairy tale: The US government will have exhausted its emergency funds by the end of February unless Congress can once again conjure up the political will and public patience to pass a new budget deal.

Under the budget agreement passed by Congress in October, the debt limit was suspended on February 7. Beginning on Saturday, the debt limit goes back to its current level of $17.2 trillion.

In the event that Congress fails to agree on that amount by February 27, the US government will be forced to default on its debt obligations, a move that would have no small impact on global markets.

“If Treasury has insufficient cash on hand, it would be impossible for our nation to meet all of its obligations for the first time in history,” Lew told lawmakers.

Congress has raised the debt ceiling three times since 2011.

U.S. Treasury Secretary Jacob Lew (Reuters / Rafael Marchante)U.S. Treasury Secretary Jacob Lew (Reuters / Rafael Marchante)

The last risk of American financial insolvency happened in October 2013 when the Republicans forced the shutdown of the government over what they believed was excessive government spending. A global financial earthquake was diverted at the eleventh hour when the Democrats and Republicans passed a resolution postponing the debt.

The political showdown left the United States with the economic equivalent of a black eye: Its first credit downgrade in history.

This time around, the Treasury Secretary warned, US politicians don’t have the luxury of time on their side simply because the US Treasury is spending more money than it is receiving. To further the burden, the US is heading into its annual tax season, when the Internal Revenue Service (IRS) will start paying tax refunds.

The Treasury may be forced to take extraordinary measures – like suspending investments in the retirement funds of federal employees, for example – that will certainly attract public criticism. Lew did not provide any clear indication as to when the Treasury will exhaust its borrowing capacity.

“Based on our best and most recent information, however, we are not confident that the extraordinary measures will last beyond Thursday, February 27,” Lew said. “At that point, Treasury would be left with only the cash on hand and any incoming revenue to meet our country’s commitments.”

Senate Budget Chairwoman Patty Murray, D-Wash., incited partisan bickering when she called the approaching deadline “another round of Republican debt limit drama.”

“We’re now at a point when the Treasury Department will have to take extraordinary measures to ensure the United States can continue to make the payments it owes, including Social Security checks and even tax refunds,” she said, as quoted by USA Today. “There’s no reason to drag this out any longer.”

A fence surrounds the U.S. Department of Commerce in Washington October 5, 2013, as the government shutdown continues into the weekend (Reuters / Mike Theiler)A fence surrounds the U.S. Department of Commerce in Washington October 5, 2013, as the government shutdown continues into the weekend (Reuters / Mike Theiler)

The Obama administration has said the issue is not up for negotiation. “Our position has not changed: President Obama will not pay ransom in exchange for Congress doing its job,” White House spokesman Jay Carney said on Friday.

A group of corporate executives urged Congress in a letter to pass a debt limit increase to avoid any unpleasant surprises in global markets.

“Any default by the federal government on its debts would cause devastating, long-lasting effects for all Americans,” AT&T (T.N) Chairman Randall Stephenson and United Technologies Corp (UTX.N) Chairman Louis Chenevert, two top officers of the Business Roundtable, wrote.

Republican House speaker, John Boehner, promised that the February-27 deadline will be met.

“Look, we do not want to default on our debt, and we’re not going to default on our debt,” he told reporters.

Many experts agree that the Republican Party is so unfocused in terms of what concessions to demand from the Obama administration that a bipartisan agreement may be its best option.

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12 Responses to !!!!! RT: US Treasury introduces ‘extraordinary measures’ as Feb. 27 debt deadline looms . . . looks like they’re getting ready to crash the system as preparation for our enslavement. . . ~J

  1. According to KAREN HUDES, Americans are rich thanks to John F. Kennedy! http://youtu.be/F-2Rfuq8NBU

    • Jean says:

      Thanks, but I’m having to say publicly that Karen Hudes might know about the World Bank – on that she seems to be an authority, but personally, I’ve had other experience. Hugs, ~Jean

    • “According to KAREN HUDES, Americans are rich thanks to John F. Kennedy! http://youtu.be/F-2Rfuq8NBU

      I’ve been expecting this, and figuring Obama (Who is a puppet for “them”) will become a military dictator just before the end of his second term.
      [They= https://www.facebook.com/harleybor…/posts/4991155196783…]

      Just yesterday I was reading a section of the following speech which might explain the purpose of that supposed ‘U.S. Treasury Direct Account’ we all have with millions of dollars in it…

      “Prior to 1913, most Americans owned clear, allodia title to property, free and clear of any liens or mortgages until the Federal Reserve Act (1913) “hypothecated” all property within the federal United States to the Board of Governors of the Federal Reserve, -in which the Trustees (stockholders) held legal title.”

      “The U.S. citizen (tenant, franchisee) was registered as a “beneficiary” of the trust via his/her birth certificate.”

      “In 1933, the federal United States hypothecated all of the present and future properties, assets and labor of their “subjects,” the 14th Amendment U.S. citizen, to the Federal Reserve System.

      In return, the Federal Reserve System agreed to extend the federal United States Corporation all the credit “money substitute” it needed. Like any other debtor, the federal United States government had to assign collateral and security to their creditors as a condition of the loan. Since the federal United States didn’t have any assets, they assigned the private property of their “economic slaves”, the U.S. citizens as collateral against the unplayable federal debt. They also pledged the unincorporated federal territories, national parks forests, birth certificates, and nonprofit organizations, as collateral against the federal debt. All has already been transferred as payment to the international bankers.”
      1860: First states Secede (I have seen no info that they ever lawfully reconvened, but rather…) [http://www.ushistory.org/us/32e.asp – http://americanhistory.about.com/od/civilwarmenu/a/secession_order.htm%5D
      1871: D.C. Is incorporated: http://www.teamlaw.org/DCOA-1871.pdf
      1913: ALL U.S. Property is claimed by Bankers (See above)…
      1938: Courts stop enforcing the Constitution and switch to commercial code…
      – Erie Railroad case (when this happened): http://www.law.cornell.edu/supct/html/historics/USSC_CR_0304_0064_ZS.html
      – Official names and seals of govt. and courts MUST be ‘Proper Nouns’:
      http://www.azleg.gov/Constitution.asp (See Art. 6, Sec 25 and Art 22 sec 10&20)
      – Old Roman Law where ALL CAPS NAMES Denote a serf/slave/property: http://thelawdictionary.org/capitis-diminutio/ (See ‘MAXIMA’)…
      – See: “Conspicuous term” in UCC: http://www.law.cornell.edu/ucc/1/1-201
      “A conspicuous term is one A REASONABLE PERSON OUGHT TO HAVE NOTICED”

  2. Oh, forgot to add this statement from Woodrow Wilson, the President who signed the Federal Reserve act which started this mess:
    “National Economy and the Banking System, Senate Documents, Col. 3 No. 23 PAGE 100.

    The quote is mostly words Wilson actually wrote, with the first two sentences of it apparently being incorrect and the rest taken from Wilson’s The New Freedom. Below is what one can actually derive from connecting together two passages from The New Freedom:

    A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men … [W]e have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world—no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.”

  3. Step one: Cancel debts to banks, and return to gold and silver (and paper certificates for them), as “Law” requires:
    http://usconstitution.net/const.html: “No State shall … coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts… or grant any Title of Nobility.”
    http://nesara.org/files/coinage_act_1792.pdf: “One Dollar”= 1 Oz of Silver or 0.85 Grams of Gold.
    http://mn.gov/lawlib/CreditRiver/1969-06-26affidavitofJeromeDaly.pdf : All home foreclosures are null and void for extortion, fraud, and conversion, committed by the banks upon all customers, because they create ‘credit’ out of thin air, and the ‘Federal Reserve Notes’ (IOU’s) cost only a few cents each to produce, but are ‘backed’ (given value by/exchangeable for) NOTHING!
    – Iceland is the first nation to arrest its Bankers: http://mn.gov/lawlib/CreditRiver/1969-06-26affidavitofJeromeDaly.pdf

    MOST of the “National Debt” I think can be ‘cured’/’remedied’ by this first step!

    There will be MUCH more on http://www.freeornottobe.org very soon.

  4. John Stevens says:

    More GRRRRs! TY Jean Cheers Hugs

  5. mona says:

    the old has to die to make way for the new. The last shutdown showed us that we can do without TSA, NSA, DHS, etc. Please shut it down and throw the bums out!

  6. Jean I think you are on the money on this. But we will end this they have no time it is almost over. The door is open for World change they did not see us coming this time. They have problems coming from all sides at this time. They have or we have with there help awakened a sleeping giant. US

  7. Michael in Boise says:

    Snowden downloaded entire roster of U.S. government… names, home addresses and other personal info…


    Snowden has made it clear that if he is arrested, if he vanishes, or if he “dies” from any cause whatsoever, ALL of the information in his possession will be published publicly.

    Making the situation all the more dire for the government is that Snowden has made clear he will release some of the information under certain “other” circumstances. For instance, if Martial Law is declared in the US or if any elections are canceled for any reason, all the government employee info goes out. If an economic collapse takes place, all the Banker/Stock Broker/Commodities Trader information goes out. If Corporations start hyper-inflating prices, all the information about them, their officers and Board of Directors will go out.

    Please stop with the fear porn…

  8. judynz says:

    All part of the entertainment for the peoples benefit. The US has been bankrupt since the thirties.

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