Geithner says U.S. Government will default on debt

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Uploaded by on Jan 14, 2011

On Jan 6th,2011 Timothy Geithner sent a public letter to Harry Reid where he clearly stated that he U.S. Government will default on its debt if the debt ceiling is not raised.
The letter can be viewed at:
http://www.treasury.gov/connect/blog/Pages/letter.aspx
The implication is clear: The U.S. is insolvent.

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  • Life's a bitch,death is her sister and sleep is the cousin.Thats the only world order!

  • @BobbyWarrenMiller So you copy paste the same exact paragraph everywhere, for your info the US citizens themselves have been demanding the wars and conflict to cease for years now. So don't play this card as if the people are the same type of people as the government people are. They simply refuse to bring our guys home. I think its a religious thing. I don't think its about any resources. Sure that was a good theory in the beginning but that just doesnt fit anymore. Self fulling prophecy likely

  • Personally I think it is a deliberate and protracted effort to destabilize the US. I refuse to believe that the banks and governments do not have the brain power to not see this one coming. I personally think that there is a thought out plan being carried out here to establish the need of a one world governance and economy.

  • buying time for computer and weapon advancement...the next war will be with China...and it will be the mother for both sides...their getting everything set up like preppers...when reports of them big shots bugging out of the US. look out...

  • No country has been able to support fascism for long. Needlessly murdering citizens of other countries in order to control their natural resources will catch up with you. "In God We Trust" is bullshit. The truth is "In Weapons of Mass Destruction We Trust". The perfect justice would be for cities like Paris, London, and New Your City to become garbage dumps filled with tents, soup lines, and rats, lots of rats. Then the damn hypocrites could have some meat in their soup.

  • I have been thinking about this too; Obama wants the dollar to fall for a global financial crisis so that some type of new world order can start to take place and to take away the United States Constitution, in the process disarm everyone so that the NWO can make us all slaves; that is the end game and get rid of people ..Jesse Ventura said it best the elites want most of us gone!

  • the reason why they're buying time is because the truth is that the USA currency has no real value, they're financing the war using monopoly money (printing money with nothing to back it with) , and they'll keep doing this until it defaults. then they will be introducing the Amero (new currency for USA ,Canada and Mexico) anyone who has any American dollars will be automatically broke when this happens.

  • Of course they want to buy time. The longer they are in power the better for them. Its all about the preservation of their power. Pure and simple. Money is power, and while the control it (ie: delaying the collapse) they control people.

  • hi, please consider these years they are important : 2001 sept, 2008 sept ,2015 sept - 7 year gaps..7 is Gods holy number . big events happen in 7years in the bible, this pattern is exactly what is happening right now, the answer is in joseph, this is the time of famine it will last 7 years if im right. A new system will appear round about 2015.

  • please read the book of genesis it will show the answer to this crises,during the famine the money failed , people were in great debt to the goovernment , the government took control of food,people, animals, and property . A new system of taxing was formed to enslave the people. 7 year pattern.

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