From Martin: Presidents Day of Reckoning
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| By Martin Weiss |
Even as we honor our first president, we must also ask some troubling and urgent questions.
If he were here with us today, how would he react to what’s happening now …
Two centuries and 48 years after he died …
Of causes still unknown?
And what about President #16 …
Shot in the final days of America’s Civil War …
One century and 57 years ago?
What would he say?
We must ask these questions now because, even as we speak, President #46 is in a panic.
So is the Secretary of the U.S. Treasury …
Desperate for wisdom of the ages …
Asking urgent questions of her own.
“How can we forestall the great calamity?” she asks.
How can we prevent the doomsday event that’s scheduled to befall this great country …
For which our first and sixteenth presidents sacrificed so much?
How can we avoid …
The great default?
These are their urgent questions.
In the interim, to forestall that doomsday event, they scramble to rustle up and redirect some cash — any cash — the government may have lying around.
But they’re running out of time.
In fact, the Congressional Budget Office warns that the great default could happen sometime between July and September.
Of this year!
Does anyone in government know exactly what day that might be?
No. They’re all just guessing.
Does anyone in government know what to do in the interim?
No. They’re too busy squabbling between the White House and the other House.
And does anyone know what might actually happen in the wake of a default?
By the country still at the center of global financial markets?!
By the country that still dominates the global economy?!
Of course not! They don’t have a clue.
Because nothing like this has ever happened before …
At least not since the fall of Rome.
Nobody even knows how much damage the crisis could cause if this great country does not default.
That’s right.
Even by pushing us to the brink of such a calamity, the White House and Congress could cause massive convulsions …
In the bond market …
In the stock market …
In practically every market on the planet …
Not to mention in the daily lives of everyone of us!
So, now let me ask you some urgent questions.
Do you think the United States of America will actually default on its debt?
What kinds of measures, extreme or not, do you believe it will take to prevent a default?
What might you do to prepare for either scenario — an actual default … or … the changes needed to prevent one?
Check your email tomorrow and please be ready to give me your best answers.
Good luck and God bless!
Martin
