URGENT MEMO: The current U.S. President has chosen to meet outside of government law, possibly selling off additional parts of the nation’s sovereignty – to men in suits who are more than ready to capitalize on the current US budget crisis.
US Treasury head Jack Lew described the situation as follows: “If we have insufficient cash on hand, it would be impossible for the United States of America to meet all of its obligations for the first time in our history.”
As it happens, JPMorgan just offered the Feds $3 Billion to end probes into its dodgy mortgage business.
BANKING VULTURES: JP Morgan Chase CEO Jamie Dimon, left, and Goldman Sachs CEO Lloyd Blankfein – meeting with Obama in violation of Antideficiency Act.
Question: In his secret meeting with bankers, what did the President promising to give away in return for a quick payday loan from the banking opportunists? This should be disclosed to the public.
Administration officials should be concerned about this important 19th century law – one that could send them packing, or perhaps imprisoned – should they choose to (as the President has today) take the law into their own hand behind the back of the American people while the government is shut down.
CNBC reported today:
“CNBC has learned that in several executive branch departments, high-level staff members review individual decisions about what government activities to allow for fear of running afoul of the Antideficiency Act. One White House official said he has advised his employees not to check their email or cellphones. Under the act, even volunteering for government service is expressly prohibited.
In a memo to his department employees today, Treasury Secretary Jack Lew cited the law as the reason for reduced staffing.”
If America is a nation of laws, then this should be the last meeting the President ever attends. If the nation is being run by a self-serving criminal class of charlatans, then nothing will come of Obama’s latest affront to constitutional law.
To add insult to injury, the President is also playing games in the press, in attempt to be a clever Dick. From Zerohedge:
In an interview with CNBC’s John Harwood, Obama once again shows why the polarization in Congress is at record levels. In a brief: he said he is “exasperated”, and that the shutdown is “entirely unnecessary” but adds that he is (finally?) prepared to negotiate, however only after he gets his way namely after the government is reopened. And another important talking point: Obama added that while gridlock in D.C. is nothing new, “this time I think Wall Street should be concerned.” It is unclear how that statement makes any sense in light of Obama’s right hand senator Chuck Schumer telling the man who is really in charge, Ben Bernanke, to get to work. Unless of course, Obama is now angling for a “concerning” market crash, which sends the Dow down by 20% like in the summer of 2011, and Obama can tell the stunned public “I told you so.”
Aside from anything, this potentially fatal gaff by Obama should demonstrate to Americans that politicians DO NOT run the nation – bankers do.
DR VON MISES’S REPORT…
21WIRE’s in-house chief financial health consultant submitted this report just before press time:
Diagnosis: The President is presently unable to perform his duties, and is currently displaying overtly narcissistic and psychotic behavioral patterns – all of which is unbecoming of a US chief executive. This could be treated with heavy medication and hormone replacement therapy, but that would mean he would need to resign immediately. Both Democrats and Republicans have acquiesced to run-away spending through the last two administrations and aside from a handful of sensible Congressmen and women (most of whom have since been run out of office), they have willingly built a federal Titantic which is now threatening to sink the fortunes of the American people. US federal government departments and gravy train contractors are presiding over an all-you-can-eat buffet, followed by an after dinner crack pipe, and although doing nicely for themselves, they have been knowingly been running the country’s fiscal affairs off a cliff.
Next 14 Days – Prognosis: Dollar down. Stock market down. Gold and silver up. But sadly because of the running scam being run by petroleum companies, this means oil and gasoline in the US will go up as well.
Treatment: No more new lines of credit. Start cutting the totally unnecessary big-ticket items – starting with the Department of Homeland Security (DHS). It didn’t even exist before 2001, but it was planned long before 9/11. Figure that one out. When the DHS is closed, all of its newly unemployed DHS workers and domestic soldiers should be put to work picking up trash along the sides of roads and highways in America, or cleaning toilets at gas stations. All highly skilled redundant employees should not be wasted however on menial labor, and should immediately be put to work sorting through recycled trash so as to help make America greener and more sustainable. Once this transitional cycle is complete, then repeat this process again with the National Security Agency (NSA). Repeat process again with the Department of Education. After these treatments are complete – then they can fuss over Obamacare.
Total Savings: $760 billion per annum. Then, at least we’re back in business, with clean roads, toilets etc.
All say aye?