The Wall Street Journal reports Gridlock for Debt Talks. Republicans and Democrats on Capitol Hill moved along separate tracks Sunday toward a deal to increase the U.S. government’s borrowing authority, setting America’s gridlocked political system on a collision course with jittery financial markets around the world. The two camps remained split over how much to increase the debt limit—enough to get past the 2012 election or not—and how much.
I do not envision compromise on the debt limit, rather, continuing conflict with President Obama declaring martial law and ruling by Executive Order in August or Septemeber 2011.
EconomicPolicy Journal presents Ron Paul calling for the US to Default now. Mr Paul is an Anarcho Capitalist, as are all those of the Mises Institute persuasion. They embrace the concept of government collapse so that sovereign individuals can live in liberty. But, Bible prophecy of the ten toes found in Daniel Chapter 2:31-35, and the ten horns of Revelation 13:1-4, presents that ten regions of global governance will form to rule mankind.
We see this being fulfilled in the recent Leaders’s Framework Agreement for Default of Greek debt where state leaders effected a continental wide coup d etat, waiving national sovereignty and announcing a Liability Union, that is a Debt Union, with the EFSF monetary authority coming to the forefront as a European Monetary Fund, to recapitalize banks, essentially a European Treasury, long opposed by Germans, but insisted upon by Sarkozy of France.
Canada, Mexico, and America, will coalesce into CanMexAmerica, another one of the ten regions of global governance called for by the Club of Rome, once martial law is declared, and the blue helmeted troops come to restore order. The continent of North America was established as a region of global government by George Bush, Vincente Fox and Stephen Harper at Baylor University on March 23, 2005 with the announcement of the Security and Prosperity Partnership of North America.
Default on the US Debt is coming soon. Unfortunately Mr. Paul offers a vision that is contrary to Neofeudalism seen in bible prophecy of Revelation 13-14. And Specifically in Revelation 13:3, the head of the world’s most important institution, that is finance, commerce, trade and investment, suffers a massive head wound , that is a stroke. A Chancellor, the Sovereign, Revelation 13:5-10, is coming to rule in Europe, and eventually the world. He will be accompanied by a Banker, The Seignior, Revelation 13:11-18.
Seigniorage, that is moneyness, will not be based on the leverage of soveign debt, but rather on the word, will and way of these two individuals working through Leader’s Framework Agreements which waive national sovereignty. While Sovereign Debt can be and will be declined to be repaid, it is a liability that can only be repudiated by a sovereign and independently ruling government. In the Age of Neofeudalism, the coming Sovereign, will never repudiate the debt. Rather, He and the Seignior, will apply it to every man woman and child on planet earth.