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Should Congress and the President fail to come to an agreement on America’s debt ceiling we could well be facing a situation that leads Barack Obama to implement a last ditch strategy that would be nothing short of a complete takeover of the United States.
If the United States were to default, it would be the end of the US as a superpower. No one in Washington wants to lose that kind of power, so I fully expect that at the last minute a deal will be reached. Now, in the event that both sides play a game of ‘chicken’ to the very end, and we are down to the last hours, and fears of a default escalate dramatically, I think one of two things will happen….
The first would be the Federal Reserve, on its own initiative, would simply lend the US Treasury whatever money it would need. You have to remember that the Federal Reserve lent to US and European banks more than $16 trillion in order to enable them to avoid default, or outright failure.
The second possibility would be that President Obama, because of laws that are already on the books, would have the power to declare a ‘national catastrophe’ and simply assume the leadership of the government. This gets Congress and the courts out of the picture. At that point there are no limits on the power of the President if he calls for a ‘national catastrophe.’
sulaw
I feel you on all fronts pink~ Not wanting as a civillian to over react but prepare for the worst, "just in case" tptb decide to play the ultimate game of chicken... It's daunting.
I had a conversation with my fiance' regarding said shutdown yesterday at lunch. And it went something like this:
"Baby, I know money is tight and I've been working a lot of sidejobs to sock money away. With the state of the union as it is and the gov't being shutdown, if we go into next week with nothing changed, I will be pulling money out of "The Sock" and going and purchasing provisions, "Just in case". If we default the currency as we know is worthless and I want to make sure we have water, rice, beans and whatever else would be required for us to weather a storm."
I honestly don't feel like I'm over-reacting, It trully feels as though this game is being played and established the exact way you postulate. It's worrysome, and I don't know any other way to react...
Do you think I'm out of line? I'm not the preverbial "Conspiracy Theorist" that lurks these halls, I use a lot of logical judgement in making decisions... I guess I'm looking for a confirmation...
because of laws that are already on the books, would have the power to declare a ‘national catastrophe’ and simply assume the leadership of the government.
Sec. 103. General Functions. Executive departments and agencies (agencies) responsible for plans and programs relating to national defense (as defined in section 801(j) of this order), or for resources and services needed to support such plans and programs, shall:
(a) identify requirements for the full spectrum of emergencies, including essential military and civilian demand;
(b) assess on an ongoing basis the capability of the domestic industrial and technological base to satisfy requirements in peacetime and times of national emergency, specifically evaluating the availability of the most critical resource and production sources, including subcontractors and suppliers, materials, skilled labor, and professional and technical personnel;
(c) be prepared, in the event of a potential threat to the security of the United States, to take actions necessary to ensure the availability of adequate resources and production capability, including services and critical technology, for national defense requirements;
(d) improve the efficiency and responsiveness of the domestic industrial base to support national defense requirements; and
(e) foster cooperation between the defense and commercial sectors for research and development and for acquisition of materials, services, components, and equipment to enhance industrial base efficiency and responsiveness.
I honestly don't feel like I'm over-reacting
sulaw
I feel you on all fronts pink~ Not wanting as a civillian to over react but prepare for the worst, "just in case" tptb decide to play the ultimate game of chicken... It's daunting.
I had a conversation with my fiance' regarding said shutdown yesterday at lunch. And it went something like this:
"Baby, I know money is tight and I've been working a lot of sidejobs to sock money away. With the state of the union as it is and the gov't being shutdown, if we go into next week with nothing changed, I will be pulling money out of "The Sock" and going and purchasing provisions, "Just in case". If we default the currency as we know is worthless and I want to make sure we have water, rice, beans and whatever else would be required for us to weather a storm."
I honestly don't feel like I'm over-reacting, It trully feels as though this game is being played and established the exact way you postulate. It's worrysome, and I don't know any other way to react...
Do you think I'm out of line? I'm not the preverbial "Conspiracy Theorist" that lurks these halls, I use a lot of logical judgement in making decisions... I guess I'm looking for a confirmation...
* EXECUTIVE ORDER 10990 allows the government to take over all modes of transportation and control of highways and seaports.
* EXECUTIVE ORDER 10995 allows the government to seize and control the communication media.
* EXECUTIVE ORDER 10997 allows the government to take over all electrical power, gas, petroleum, fuels and minerals.
* EXECUTIVE ORDER 10998 allows the government to take over all food resources and farms.
* EXECUTIVE ORDER 11000 allows the government to mobilize civilians into work brigades under government supervision.
* EXECUTIVE ORDER 11001 allows the government to take over all health, education and welfare functions.
* EXECUTIVE ORDER 11002 designates the Postmaster General to operate a national registration of all persons.
* EXECUTIVE ORDER 11003 allows the government to take over all airports and aircraft, including commercial aircraft.
* EXECUTIVE ORDER 11004 allows the Housing and Finance Authority to relocate communities, build new housing with public funds, designate areas to be abandoned, and establish new locations for populations.
* EXECUTIVE ORDER 11005 allows the government to take over railroads, inland waterways and public storage facilities.
* EXECUTIVE ORDER 11051 specifies the responsibility of the Office of Emergency Planning and gives authorization to put all Executive Orders into effect in times of increased international tensions and economic or financial crisis.
* EXECUTIVE ORDER 11310 grants authority to the Department of Justice to enforce the plans set out in Executive Orders, to institute industrial support, to establish judicial and legislative liaison, to control all aliens, to operate penal and correctional institutions, and to advise and assist the President.