Obamus Caesar: “No Limits On the Power of the President if He Calls for a National Catastrophe”

“President Obama is prepared to take power and begin to rule from day one.” -Valerie Jarrett, Senior Advisor to the President of the United States Should Congress and the President fail to come to an agreement on America’s debt ceiling we could well be facing a situation that leads Barack Obama to implement a last ditch strategy that would be nothing short of a complete takeover of the United States. So says former US Treasury Undersecretary Paul Craig Roberts, who knows a thing or two about finance, debt and the inner workings of our government : If the United States were to default, it would be the end of the US as a superpower. No one in Washington wants to lose that kind of power, so I fully expect that at the last minute a deal will be reached. Now, in the event that both sides play a game of ‘chicken’ to the very end, and we are down to the last hours, and fears of a default escalate dramatically, I think one of two things will happen…. … The first would be the Federal Reserve, on its own initiative, would simply lend the US Treasury whatever money it would need. You have to remember that the Federal Reserve lent to US and European banks more than $16 trillion in order to enable them to avoid default, or outright failure. … The second possibility would be that President Obama, because of laws that are already on the books, would have the power to declare a ‘national catastrophe’ and simply assume the leadership of the government.



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