Google Custom Search

Sunday, July 03, 2011

Denninger--Treasury defaulted on the debt June 30

With all of the hysterics and fear-mongering in which the Obama Administration has engaged concerning the dire need for raising the debt ceiling, including the 'Chicken Little' alarmists with their 'the sky is falling' alarm bells that the U.S. will default on its debt unless the ceiling is raised, one would think that the muddle-headed minions of the Marxist mafia would keep a close eye on such matters. After all, they have made themselves out to be the guardians of America's good credit standing, which has been shot to pieces anyway with our unsustainable debt load.
However, according to Market guru Karl Denninger of 'Market Ticker,' the Treasury actually defaulted on the debt on June 30, 2011--last Thursday--in a deliberate, strategic move. The result was an artificial boost in the stock market.

No comments: