Dollar in Freefall, it's happening like I said

[Warren Dew]

No...

Interesting. I figured that Hagel would keep everyone aboard, since basically the entire DoD is in some sense doing things "in support of" the troops, for which funding was passed.

Apparently Hagel and the Democrats are playing games with DoD civilian salaries:

Yesterday the president signed the Pay Our Military Act, legislation introduced by Rep. Mike Coffman (R-CO), which ensures America’s troops, reservists, and the DOD civilian employees who support them are paid during this government shutdown caused by Senate Democrats. So far, the Defense Department has narrowly interpreted the measure – against congressional intent – and decided to furlough DOD civilian employees who support our troops. Today, House Armed Services Committee Chairman Howard P. “Buck” McKeon (R-CA) wrote a letter to Secretary of Defense Chuck Hagel asking for clarification about why the Department has furloughed these employees. Here is the letter below: - See more at: http://www.speaker.gov/general/despite- ... qznRI.dpuf

http://www.speaker.gov/general/despite- ... ical-games

[Seth]

If anything, the government "shutdown" makes the debt situation better, as we're spending a lot less while the government is shut down.

Wrong as usual. Lack of functioning costs perhaps a few hundred million per day. Besides, the deficit has been plunging in recent years. It tripled during Reagans terms, doubled during Bush's terms, and has been halved in the Obama years.

Monetizing the US debt, which is what the Fed has been doing by buying US debt isn't "plunging" the deficit, it's just hiding it under a different shell and driving the risk of hyperinflation through the roof.

[cronus]

If anything, the government "shutdown" makes the debt situation better, as we're spending a lot less while the government is shut down.

Wrong as usual. Lack of functioning costs perhaps a few hundred million per day. Besides, the deficit has been plunging in recent years. It tripled during Reagans terms, doubled during Bush's terms, and has been halved in the Obama years.

Monetizing the US debt, which is what the Fed has been doing by buying US debt isn't "plunging" the deficit, it's just hiding it under a different shell and driving the risk of hyperinflation through the roof.

Seth make sure your preppers stocks are intact, tell all your mates to have plenty of every needed and necessary well in before the prices go up into space - soon - and you can't afford peanut butter. When TSHTF don't waste anything - don't use a bull-hitt if you've some good old fashioned rope to deal with local politics. It's all gonna be local politics the way things are going and when TSHTF the prepared will have the edge. Goodluck and see you on the other side.

[rainbow]

Hardly freefall.

Gold is however a bit shaky.

That's odd. Gold usually goes up in times of financial uncertainty.

Things haven't been acting according to the economic textbooks for sometime, at least three hundred years since the first one was written.

It is possible that there may be some manipulation of the markets.

[Skepticus]

Did you type that one handed?

I only just got this now! It took me 9 minutes!

As always you are sharp as bubble soup.

I worked it out straightaway and quickly decided to leave the mystery intact.

I got it straight away, but both hands were busy.

[Skepticus]

[Skepticus]

Things haven't been acting according to the economic textbooks for sometime, at least three hundred years since the first one was written.

[rainbow]

[Coito ergo sum]

[cronus]

Got the IMF in now. That's gonna send a pretty fast signal to the international markets.

http://www.bbc.co.uk/news/business-24384759

IMF head warns US debt crisis threatens world economy

MF managing director Christine Lagarde says failure to raise the debt ceiling is a far worse threat to global economy than the current government shutdown.

The shutdown follows a budget standoff between President Obama and Congress.

But a worse problem looms. The US is up to its borrowing limit and will run out of money without agreement to lift it.

Ms Lagarde's comments were echoed by the US Treasury, which says a debt default could lead to a financial crisis as bad as 2008 or worse.

(continued)

[Svartalf]

Couldn't the improperly fucked bitch shut her big ... instead of sending alarmist messages? That's a good way to make a prophecy self fulfilling.

[Warren Dew]

Couldn't the improperly fucked bitch shut her big ... instead of sending alarmist messages? That's a good way to make a prophecy self fulfilling.

Fortunately Lagarde is a lightweight whose words will be dismissed anywhere except France.

Well, fortunately for those of us that don't live in France, at least.

[Warren Dew]

No...

Interesting. I figured that Hagel would keep everyone aboard, since basically the entire DoD is in some sense doing things "in support of" the troops, for which funding was passed.

Apparently Hagel and the Democrats are playing games with DoD civilian salaries:

Yesterday the president signed the Pay Our Military Act, legislation introduced by Rep. Mike Coffman (R-CO), which ensures America’s troops, reservists, and the DOD civilian employees who support them are paid during this government shutdown caused by Senate Democrats. So far, the Defense Department has narrowly interpreted the measure – against congressional intent – and decided to furlough DOD civilian employees who support our troops. Today, House Armed Services Committee Chairman Howard P. “Buck” McKeon (R-CA) wrote a letter to Secretary of Defense Chuck Hagel asking for clarification about why the Department has furloughed these employees. Here is the letter below: - See more at: http://www.speaker.gov/general/despite- ... qznRI.dpuf

http://www.speaker.gov/general/despite- ... ical-games

I see Hagel has quit playing political games and is recalling the defense department.

[Seth]

No...

Interesting. I figured that Hagel would keep everyone aboard, since basically the entire DoD is in some sense doing things "in support of" the troops, for which funding was passed.

Apparently Hagel and the Democrats are playing games with DoD civilian salaries:

Yesterday the president signed the Pay Our Military Act, legislation introduced by Rep. Mike Coffman (R-CO), which ensures America’s troops, reservists, and the DOD civilian employees who support them are paid during this government shutdown caused by Senate Democrats. So far, the Defense Department has narrowly interpreted the measure – against congressional intent – and decided to furlough DOD civilian employees who support our troops. Today, House Armed Services Committee Chairman Howard P. “Buck” McKeon (R-CA) wrote a letter to Secretary of Defense Chuck Hagel asking for clarification about why the Department has furloughed these employees. Here is the letter below: - See more at: http://www.speaker.gov/general/despite- ... qznRI.dpuf

http://www.speaker.gov/general/despite- ... ical-games

I see Hagel has quit playing political games and is recalling the defense department.

First crack in the dam. Obama's fucked himself even worse now. By signing the bill he's admitting that the government CAN be funded piecemeal and that a "clean" CR is NOT necessary, so he and Reid look more and more like the complete assholes they are every time they shut down a roadside picnic area on the Blue Ridge Parkway out of spite.

Hang in there Republicans, we've got them ready to run.

[rainbow]

...so where is the freefall?