On Oct 7, 2013, at 11:12 AM, mex sara <[email protected]> wrote:

> its always the monies ....   i guess you have to just hope they baulk at the 
> gate before the credit is frozen and the Market dives 

I sure hope so, but many of them actually seem to believe that defaulting on 
our payments will show the world resolve to get our debt under control, and too 
many people are counting on Wall Street to swoop in and save the Republicans 
from themselves. Problem is, they've put people like this into office:

<http://www.businessinsider.com/ted-yoho-on-the-debt-ceiling-2013-10>

If enough of the shoggoths on Wall Street have insulated themselves from a 
market crash, they may have decided to follow Mellons's advice to Hoover:

"liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate... 
it will purge the rottenness out of the system. High costs of living and high 
living will come down. People will work harder, live a more moral life. Values 
will be adjusted, and enterprising people will pick up from less competent 
people."

"high living" like eating more than a few times as week, having a roof over 
your head, etc. 

My really big fear is that they've decided to do this, because they're just 
arrogant enough to believe they can get away with it, hopped up on their 
Randian fantasies.

My REALLY really big fear is that the unintended consequences of this stunt 
this will make WWII look like a minor skirmish. 

-- 
Bruce Johnson
University of Arizona
College of Pharmacy
Information Technology Group

Institutions do not have opinions, merely customs


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