http://www.waynemadsenreport.com/articles/20080403
April 3, 2008 -- Confidential document said to warn of
conflict or revolution ahead for America
WMR has learned from knowledgeable sources within the
US financial community that an alarming confidential
and limited distribution document is circulating among
senior members of Congress and their senior staff
members that is warning of a bleak future for the
United States if it does not quickly get its financial
house in order. House Speaker Nancy Pelosi is among
those who have reportedly read the document.
The document is being called the "C & R" document
because it reportedly states that if the United States
defaults on loans and debt underwriting from China,
Japan, and Russia, all of which are propping up the
United States government financially, and the United
States unilaterally cancels the debts, America can
expect a war that will have disastrous results for the
United States and the world. "Conflict" is the "C
word" in the document.
The other scenario is that the federal government will
be forced to drastically raise taxes in order to pay
off debts to foreign countries to the point that the
American people will react with a popular revolution
against the government. "Revolution" is the document's
"R word."
The origin of the document is not known, however, its
alarming content matches up with previous warnings
from former Comptroller General David Walker who
abruptly resigned as head of the Government
Accountability Office (GAO) in February of this year
after repeatedly publicly warning of a "financial
meltdown" disaster if America's $9 trillion debt was
not addressed quickly. Financial experts have warned
that the national debt, corrected for inflation, could
reach $46 trillion in the next 20 years. A month
earlier, Walker warned the Senate Banking Committee
about the reaction of creditor nations in Asia and
Europe if the U.S. did not address its debt problem.
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