U.S. Federal Shutdown

Is the U.S. Debt Ceiling really an issue?  After all, it has been raised 75 times in the last 50 years.  Now when the U.S. Treasury issues new debt, The Federal Reserve is buying or backing the bonds.  Where do they get the money?  Out of thin air.  Voila!

The Fed could bail out the U.S. Treasury like it did for the banks in 2008.  Now worries!

President Obama has sufficient Executive Orders and other statutes in place to proclaim a “National Catastrophe” and raise the debt ceiling with a stroke of the pen.

The website of the Affordable Healthcare Act (Obamacare) is an utter embarrassment to the IT community.

Closing down non-essential services is a rounding error to the real problem.  It is similar to when the Federal Reserve quit reporting M3 money supply because they said it cost too much…  I say “Just print some more money to pay for the paltry cost!”

The U.S. Treasury will not default but will pay interest on the debt with soon to be worthless fiat currency.  The game will continue for now.

The stock market may ultimately rally to 16,000 or higher before taking a plunge.   The charade can’t last forever.  John Williams at www.shadowstats.com reported:

Consumer Credit and Sentiment Show Deteriorating Consumer Liquidity Circumstances

Estimated Headline U.3 Unemployment Rates:  7.3% in September, 7.6% in October, versus August Actual of 7.3%

Estimated Headline Payroll Changes, or Jobs Gains/Losses:  181,000 Gain in September, 430,000 Loss in October, versus August Gain of 169,000

What do these mean?  The consumer’s situation is worsening thus the economy is getting worse.  Quantitative Easing will continue.  Obamacare costs will add to the burden, thus pushing discretionary spending further down.  Contraction is likely in the coming months.  Corporate earnings after the Christmas season are likely to be dismal, except in the healthcare-related sector and the blame game will continue into the next election cycle.

The President’s power has been dramatically increasing over the last few decades.  The use of Executive Orders has allowed the President to circumvent Congress and the Judicial Branch.  Due Process is no longer necessary, Congress doesn’t like it, and opposing leaders are trying to expose it further.

All of the shenanigans inside the beltway are affecting the lives of our children and grandchildren. It is more important than ever to be Spiritually attuned to the times.  Men are blinded to the big picture so they will be illogical in their assumptions and move toward destruction.

It is estimated that the U.S. has over $220 Trillion in total debt and there is no way to pay it off except by default or devaluation of the currency.  Either way, it will not bode well for the populace.  We must focus on the Divine Intent of Our Heavenly Father in these matters knowing that HE Loves us and will see us through whatever lies ahead.

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