Could Default Today Save America from Greek-Style Fiscal Disaster in the Future? - Money & Politics - Forbes Posted by Daniel J Mitchell
Here are my comments about this blog posting on Forbes:
In a terrorist world where the US is generating terrorism as has just happened with the execution of OBL fiscal and monetary policy will take a back seat to the needs of the military/Intel community now governing the US and attempting to govern the world. Oddly enough, a default of sorts might be practicable and desirable, but no one will see it as a bridge to rational budget reductions in the future. There will be no cap on fiscal spending as long as the US military keeps spending as it does especially in the Intel sector. It has to be equal for all or nothing. It will be nothing.
Thirty years ago I thought long-term, call protected US government bonds were the best investment of the century. They were at that time. I set up a pension fund with these investments: http://bit.ly/mwckUG and http://bit.ly/l6Gb6A
They were call protected for 25 years until roughly 2006 depending upon when purchased, and the investor had the full flexibility to change based on judgement. However, under the surface was Toxic Debt which undermined the system and brought down the financial markets and economy which changed the world from 2007.
Today, it’s Toxic Surveillance that is the fraud undermining the economy and financial markets although it is not being addressed just as the beginning of Toxic Debt was not addressed 30 years ago. Nobody comprehends Toxic Surveillance today or wants to know anything about it. Similar to 30 years ago I’ve had a decade of experience with it just as I developed that investment strategy and its timing over a decade before 1981.
It’s the exogenous factor of a massive fraud foundation which will determine the outcome of the future just as it has done in the recent past which accumulated over the previous decades. That fraud foundation is related to terrorism today and impacts the essence of human economic activity. Unless it is changed from its current disposition, the outcome will be the same as Toxic Debt only worse.
There is no point in discussing managed defaults or budgetary caps unless and until the issue of Toxic Surveillance is fully addressed and generally known. This is today’s information that the markets have not comprehended or factored into pricing. The longer it takes the worse will be the outcome just as with Toxic Debt. Terrorism is quite real, but fighting terrorism with fraud will only destroy from within.
