Marti Oakley (c)copyright 2008  All Rights Resevered

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The use of force rather than a political or diplomatic solution in any government situation is referred to as a [force majeure] literally meaning to force the implementation of a plan or to interfere in a situation without first attempting to secure a resolution by other means.

 

In this case, [force majeure] would be a declaration by the treasury and the administration that [The United States] could not, and would not honor its debts.

 

The recent collapse of the financial markets not only here, but also around the world in every major country (excluding Israel which seemed not to be affected) was no accident.  Not only did we suffer the indignity of being held responsible to bailout the corrupt corporate robber barons, so did the working classes around the globe.  In each and every country, including ours, billions were paid in the bailouts to the very same individuals who ran these companies and markets into the ground.  Only Iceland refused to force its citizenry to finance the corruption.

 

It isn’t over yet.  Two more things are about to happen although probably not until after the new president here is sworn in January of 2009.

 

Russian President Putin is supporting British Prime Minister Gordon Brown in his call for a new Bretton Woods II summit.  The focus of this meeting would be international finance with the intent of establishing a world currency.  Leaders of several dozens of countries have been contacted and asked to attend this meeting. More