Staff Writer Intellihub.com October 4, 2014
WASHINGTON, D.C. — The U.S. Treasury has warned that the $16.7 trillion debt ceiling must be raised by Oct. 17th, to avoid a U.S. debt default. This warning has caused concerns amongst investors and citizens alike as most are unsure of their futures in this once great nation.
Based on a study of a previous debt ceiling impasse in 2011, the results won’t be good if figureheads in Washington can’t find a solution. WashingtonPost.com reported, “Failing to do so, Treasury warned, would have catastrophic consequences.
“A default would be unprecedented and has the potential to be catastrophic: credit markets could freeze, the value of the dollar could plummet, U.S. interest rates could skyrocket, the negative spillover could reverberate around the world, and there might be a financial crisis and recession that could echo the events of 2008 or worse,” the report said.”
Some are wondering why this was all allowed to happen in the first place. Why would a corporation, the Corporation of the United States (i.e. D.C.), intentionally run itself into the ground, what’s the point? Obviously this was not done by the corporation itself or one single person, but rather the greedy men and women in charge of it. Their hands are deep into the honey pot as they have used the funds for years to fund their private corporations, awarding themselves no-bid contracts and so on.
So how might this all affect us now?
According to the Treasury Department report on economic fallout of 2011 debt ceiling impasse, ”Real GDP expanded at a 1.8 percent annual rate in the first half of 2013, and last month, a consensus of private-sector economists forecast real GDP to accelerate to a 2.4percent annual rate in the second half and then to expand 2.8 percent in 2014. As economic activity strengthens, labor market conditions should improve further, creating new jobs and maintaining the downward trajectory of the unemployment rate. The government shutdown that began October 1 puts that outlook at risk. Private sector economists have estimated that a weeklong shutdown could slow GDP growth in the fourth quarter by over a quarter percentage point, while a longer shutdown could have a substantially greater effect, perhaps even causing a recession.
If such projections prove accurate, the weaker-than-expected economic expansion would be even more susceptible to the adverse effects from a debt ceiling impasse than prior to the shutdown. A protracted debate about the debt ceiling could spark renewed financial market stress, and a fall in stock prices and wider credit spreads would depress spending from the private sector. In addition, increased uncertainty or reduced confidence could lead consumers to postpone purchases and businesses to postpone hiring and investments. A precise estimate of the effects is impossible, and the current situation is different from that of late 2011, yet economic theory and empirical evidence is clear about the direction of the effect: a large, adverse, and persistent financial shock like the one that began in late 2011 would result in a slower economy with less hiring and a higher unemployment rate than would otherwise be the case”
Whatever the case may be, the economic future of America looks grim.
You also have to take a step back and ask yourself: why was all of this allowed to happen? Why was the spending in Washington allowed to go so far? Upon closer look, you may realize this was planned for a long time. Entertain the fact that it was in the cards if you will. After all, the actor turned U.S. President, Ronald Reagan, wasn’t puppeteered to start the Readiness Exercise 1984 (REX84) for nothing. Why were secret detention facilities readied early on in the U.S.? Does this dovetail into the recent Biden fiasco?
In fact, some people fear the recent spectacle by Vice President Joe Biden, in which he was pictured holding a document entitled “CODEWORD” outside of a secure area against protocol, was a warning to people in-the-know, rather than a mistake.
An anonymous tip sent in to Intellihub.com today read, “I am a U.S. Government contractor working closely with different 3-letter agencies. My colleague a U.S. Rear Admiral, retired and still maintaining his classified clearance, and I have taken a closer look at the J. Biden picture where he holds a classified file “CODEWORD”. I wanted to offer some insight which you can publish to your readers, but please keep my name confidential.
”CODEWORD” is a highly classified designation and such files can not even leave a SCIF (classified room). It is a violation of national security rules to have a file marked “CODEWORD”outside of a SCIF. And, this begs the question. Was it a mistake or was it a message?
The Admiral and I believe it absolutely is a message and that there never was any classified information in the file held by Biden, otherwise Biden is in violation of US National Security. The possible meaning(s) of Codeword: ”CODEWORD” is tied to a passage in a fictional book published Codeword: Apollyon – Terrorism’s Second Wave.
This fictional book is about an ‘event’ post 9/11.This is what we believe the message means. It wasn’t done by chance,but is a message to those who are “in the know”. Apollyon corresponds to a passage in the Bible. Revelations 9:11 (no coincidence 9/11), which reads; ”And they had a king over them, [which is] the angel of the bottomless pit, whose name in the Hebrew tongue is Abaddon, but in theGreek tongue hath [his] name Apollyon.”Some biblical scholars interpret Apollyon or Abaddon to mean Lucifer/Satan as it is translated to “a place of destruction, the Destroyer, or Angel of the bottomless pit”, but I believe it is a reference to something else.
The “Destroyer” is also called “Wormwood” which is the mythical “Nibiru”. Read the Revelations passage again, ”And they had a King Over Them, [which is] the Angel of the bottomless pit, whose name in the Hebrew tongue is Abaddon, but in the Greek tongue hath [his] name Apollyon [the Destroyer].” Ancient word for King going back to ancient Egypt is “N-g-r” meaning God or “Negash” meaning King. This word was used for Heavenly bodies in the Cosmos and not for Pharaohs. “And they had a King of them.. theAngel of the bottomless pit…the Destroyer” This message has two possibilities, and it is NOT a mistake, it is reference to a passing object in our solar system known as the ”destroyer”, or it is indication of the implementation of another false flag event like 9/11.
No doubt this was done to announce an upcoming event to those “in the know”. Again, this was not a mistake. Now, I do not subscribe to the theory of Nibiru, but I do believe a passing comet such as ISON could trigger dramatic events on Earth in the near future. Also there is another comet on the exact same trajectory as ISON in 2014.Is this government shut down really a coincidence? The picture of Biden holding the classified file was publicized September 30th, one day before the shut down.