Saturday, December 31, 2005

America to run out of money by march?

Treasury Secretary John Snow has warned that unless Congress raises the national debt limit, the US government will run out of cash to finance its daily work in two months.

In a letter to Senate leaders Thursday, Snow said the statutory debt limit imposed by Congress of 8.184 trillion dollars would be reached in mid-February and the government would then lose its borrowing power.

"At that time, unless the debt limit is raised or the Treasury Department takes authorized extraordinary actions, we will be unable to continue to finance government operations," said the letter, seen by AFP.

Snow warned that even if the Treasury took "all available prudent and legal actions" to avoid breaching the ceiling, "we anticipate that we can finance government operations no longer than mid-March".

Mid march they say? wow that coincides with the time when the federal reserve stops reporting M3 data. This conspiracy seems to be coming together like clockwork. Am I the only one that can see this?

At the same time they are about to run out of money they are going to stop reporting the money they make which will allow the American government to make as much money as they can, in the short term of course as they will be most likely found out.

Is this a coincidence or is this really going to happen? personally I hope not but if it does you heard it here when no other lying and traitorous news outlet would report about it.

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