Saturday March 21, 2009, 6:43 pm
March 20, 2009 "Pravda.Ru" -- - The United States is the largest borrower in the world. The US national debt has already exceeded the level of 11 trillion dollars as of the beginning of 2009 and continues to grow like an avalanche. Experts say that the USA has only two ways to solve the problem: to either declare default or trigger off a war.

According to experts’ estimates, the probability of default on US treasury bonds is very high at the moment. The rumors are not new at all. Moreover, experts say that the USA has already started to work on an opportunity to refuse from the dollar in order to avoid debt payments.

Dmitry Abzalov, an expert with the Center for Russia ’s Political Conjuncture, said that governments currently take on the debts of corporations. “The corporate debts crisis thus becomes the crisis of governmental debts. The US debt in the beginning of 2009 amounted to $10.6 trillion. Taking into consideration the current deficit budget of the United States , as well as the prospects for the deficit of the budget during the current year, it becomes clear that the US Treasury bond market is based on no alternative whatsoever. There is no other way for investors to invest their funds with treasury bonds being the only option,” the expert told Bigness.ru.

When the world economy recovers, investors will realize that there are plenty of other opportunities for investments, the European bonds, for example (if the European economy recovers from the crisis too, of course), or the bonds of developing countries.

“The pyramid of US bonds will collapse in this case. The debt percentage grows every day, which makes the USA borrow more and more on a daily basis. America will have no chances to pay off the debt,” the expert said.

Inga Foksha, an analyst with Aton Investment Company, agrees that the US default is quite possible, although she is certain that it will not happen unless the world finds an alternative to the US dollar. The dollar will collapse immediately in case of default, which is absolutely unacceptable, because 63 percent of world reserves are saved in dollars. Their collapse will trigger the global economic collapse.

“Technically, the default of the United States may occur during three or five years, although it is too early to say that it could be possible. The USA can print new dollars to pay their debts with them,” she said.

Nevertheless, the US government bonds still enjoy investors’ support and are still considered a risk-free investment.

Dmitry Abzalov believes that the current situation with the US national debt may end with a new war. The war will destroy excessive liquidity and the current debt.

“The war in Iraq began to delay the US crisis, which started brewing in the US economy at the end of 2000,” he said.

The Americans have been trying to raise their economy with the help of military actions for decades, since the Great Depression of the 1930s. A war boosts the nation’s industry, even if a recovery is based on defense orders.

Ekaterina Yevstigneyeva

Sunday March 22, 2009, 3:02 am
http://www.brasschecktv.com/page/584.html

"The news media loves to fragment
information.

They jump from one sensational
story to another, but never
give the big picture.

David Walker knows the big picture.

if you're a US citizen/tax payer
(and soon to be serf) make sure
you're sitting down." Brasscheck TV

Monday March 23, 2009, 6:00 am
Isn't this too extreme? It sounds like the one who posted it wants the US to fail in its effort to prop up its economy hence the world's as well. Yet towards the end of the article, the poster admitted the US bonds are still a viable option. I am confused.
Evelyn Guzman
Debt Challenger

Monday March 23, 2009, 7:37 am
Having an expert say that "it is too early to say if that is possible," is hardly an endorsement for an idea. Why not talk about what is really happening?

Monday March 23, 2009, 4:30 pm
Are these experts Russian?
Russia would love to join forces with China, and Pakistan to engage a Nuclear Holocaust.

War is what began these serious spending spree's, and detracted from the crooks of Enron, Gloobal Crossing, and now the Ponzi Scheme of Debt Swaps that never had any intention for accountability. Bush want WWIII to make Cheney and Rumsfeld happy, as all their closest family and friends are getting wealthy on these secret enterprises, faulty bookkeeping, and now looking for wars to favor contractors and a small circle of enterprising business they lay their bets on.

HEMP can be a powerful beginning to restore Am. economy and ingenuity.
Seriously.
Hugh Downs speaking for ABC News radio out of New York in November, 1990.
http://www.youtube.com/watch?v=OmX3UQIbfXI
Very few people know what "biomass conversion" or "pyrolysis" mean-not only in terms of their dictionary definitions, but in terms of what they mean as alternative sources of energy, to the limited, expensive and dirty petro-chemical, nuclear, or coal sources.

In 1938, "Popular Mechanics" ran an article about marijuana called, "New Billion Dollar Crop."[6] It was the first time the words "billion dollar" were used to describe a U.S. agricultural product.

Hemp is such a versatile raw material, that its products not only compete with petroleum, but with coal, natural gas, nuclear energy, pharmaceutical, timber and textile companies.[1]
It is estimated that methane and methanol production alone from hemp grown as biomass could replace 90% of the world's energy needs.

Listen to Hugh Downs, then read more about Hemp (not just marijuana).
Ron Paul and B. Franks are still fighting to legalize Hemp.
http://stopthedrugwar.org/chronicle/473/ron_paul_introduces_hemp_bill_US_congress

I really believe this can cure most financial, employment, and so much more of the ills we've come too.

Thanks for posting this article...
Please consider these are not the only 2 alternatives. War is NO answer at all. Nada.

Monday March 23, 2009, 5:37 pm
I sense it is a very good possibility that war is on the agenda, to "fix" the economy. Same old business, as usual. Too many in the mass population of the U.S. are addicted, as David Walker stated, to debt..., and I will add to materialism. America's people need a wake-up call. The people can bring real change from within its unified efforts. I work with this everyday to inform the average "worker bee" or housewife. BUT, they still shop Walmart, they still eat the toxic produce, and they are still thinking in the box of achieving success is to gain wealth, no matter who suffers for it. Very few will start to seek their own truth, although, it seems some are waking up. Noted and thank you.

Monday March 23, 2009, 5:42 pm
Oops forgot one important aspect..., globalization is the agenda. The "players" in the U.S., aren't that worried about spending. I pray for the children that will face the results. The next big war will hit our shores, in my humble opinion.

Tuesday March 24, 2009, 10:14 am
Hemp (not just marijuana).
Most people have been fooled into believing that hemp and marijuana are the same.
They are the same kind of plant, one produces THC in addition to fiber, seeds etc , hemp does not produce THC in any effective amount. You would have to smoke a bale of it and you would pass out from the effort long before you got high.
Marijuana becomes hemp when it seeds, the THC portion is a sex hormone that goes away as the flowers are fertilized by the mail pollen.
Also World News Daily..? I don't put much credence in what they make up err report...
Some of us have been awake a long long time to the corpses /fascist stuff, Its all a game of $ to them they don't give a crap about you or your familys well being, only in grabbing the money and resources that actually belong to all of us as world citizens.
They don't care if you are homeless, hungry or sicken and die, they will be right there to make sure your kids don't get whatever assets you leave to them.
Remember runnyraygun and the drizzilin sh...economic theory?

Tuesday March 24, 2009, 11:30 am
in human history many wars have been made to resolve economic crises. It is not something new