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Forget Greece: watch the USA default

By Clark Nida

http://www.bbc.co.uk/news/world-us-canada-14111695

Unable to agree on balancing tax rises against welfare cuts, the USA risks defaulting on its debts on 2 August, when the budget runs out.

Some would lay the blame on a ten-year pandemic of reckless greed on Wall Street, kicked-off by the swearing-in of an oligarchic stooge the people hadn’t voted for.

High time for a child in the crowd to question the existence of the Emperor’s attire.

In 1776 the political entity known as the USA was lashed together, with lashings of masonic mumbo-jumbo and other treasonous arcana, by rebels defying their lawful masters over tax increases to pay for wars fought to protect their scalps! It started with the Boston Tea Party – and the partying has never stopped.

Till now?

If the so-called “Americans” (vainglorious synechdoche!) cannot agree amongst themselves to raise taxes to meet legitimate public obligations within the framework to replace the Crown which they stitched-up to suit themselves – isn’t there something karmic about that? Doesn’t it point to some fundamental contradiction in their founding principles?

For all the nobility of its symbol of the All-Seeing Eye, captioned with the smug attribution: annuit coeptis (He it was Who granted the enterprise), who’d honestly trust a currency based on a doctrine no more honourable than: Pull Up The Ladder Jack: I’m All Right?

In times past a merchant’s “creditworthiness” was his word, which rested on his honour. Today we have a globalised banking industry eager to trust our wealth and welfare to mountebanks and thieves – if they’re big enough and rich enough.