CASPER OPINION: MAY 12, 2011
++ News this week has been so vague as to not be worth reporting. Ultimate secrecy prevails. WE do not have the outcome of the ‘Gigantic Fight’ going on in China last weekend or the outcome of the trade attempts. ‘Stories De Jure’ abound, none come true. WE view all of them as smoke and mirrors. These ‘stories’ report forward progress down to our level, a status supposedly reached a year ago. Personally I will venture a guess that current delays have more to do with ‘the big picture’ than with our deliveries or funding. By that I mean the new Banking and Monetary Systems.
++ Notice that since Geithners December letter to Congress saying the Debt Ceiling would be reached by mid-May he has issued additional statements saying June then August. Looking beyond daily program news status reports, it seems to me this may be the ultimate trigger mechanism. With no increase the Gov’t. is not ‘out of business’ but Obama’s destructive policies are. This Debt Ceiling limitation could well be the thing that makes the continuation of the status quo impossible. Gov’t. annual revenue is approximately 2 Trillion, Debt Service approximately 200 Billion. That leaves 1.8T annually to run the Gov’t.. If the incompetent corrupt idiots running the Corporation can’t make do with that they should not be in office.
++ Now consider this from ZERO HEDGE today. They say this week’s Treasury Auctions totaling 72B have brought the country within 14B of the current Debt Ceiling of 14.294T. This means, if the LAW is followed, the country can not borrow more than 14B next week without a vote to increase the Debt Ceiling or going over the Congressionally mandated existing Debt Ceiling. “The Jig Is Up. Next Up: PANIC”, they say. Couple this with reports that Obama is raiding every Department and Agency’s ‘Slush Funds’, pulling the funds back into ‘Central Command and Control’ to obtain the funds necessary to keep the Gov’t. running and we have, it seems to me, a possible endgame scenario. As I have said many times it all comes down to who controls ‘the printing press’. This also means Geithners several public statements were outright lies. Remember, before Treasury he ran the New York Fed Bank where lying with a straight face is a prerequisite.
++ Not conducting the usual Treasury Auction next Monday would be a dramatic highly visible world shaking non-event. It is unlikely the various Departments ‘Slush Funds’ could offset the normal weekly borrowing for more than a week or two. Even then the world would be alerted to the situation if the auction does not occur. So what is Obama’s alternative? To break the LAW of course, something he has been doing without conscience since the day he took office.
++ In my view this represents a continuation of the ‘showdown’ end game as the purveyors of Fiat and Fractional and Status Quo continue their lawless tricks to maintain themselves in power while the rest of the world struggles to implement the new. Given Obama’s arrogance, God Complex and previous statements it seems to me that ‘force’ is the only possible solution. In this situation the force is of a financial nature. Even then, in the example of a debt ceiling limit and no vote to increase it, Obama may do something unthinkable such as Martial Law or secretly instigating a war, a ‘natural’ disaster or another ‘False Flag’ operation as a last resort to maintain himself in power and to avoid various exposures.
++ This piece is mostly speculative but such things as the debt ceiling limitations are real and well known. The news that the U.S. is already up against the debt ceiling is news dated today and can be found at Zero Hedge. Sometimes it is quietest just before the storm.
Casper 5-12-11