Excellent interview of Jim Willie by Rick Wiles of Trunews (8 April 2015)

[ThePythonicCow]

Two days ago now, on April 8, 2015, Rich Wiles of Dr. Jim Willie: ‘King Dollar Is Floating Dead’ – Bombshell Predictions On Upcoming ‘Events’ (GovtSlaves.info) ("]TruNews[/url] interviewed Jim Willie. I continue to follow Jim Willie more closely than perhaps anyone else analyzing the global financial situation. I am a subscriber to Jim's news letter. Rick Wiles provides one of the better interviews I've heard of Jim.

Susan Dulcos, at ==========[/B]



Dr. Jim Willie of GoldenJackass.com (http://www.goldenjackass.com/) and the Hat Trick Letter joins Rick Wiles on Wednesday’s edition of TruNews where Willie and Wiles spend a jam- packed- with- information hour discussing the global financial and geopolitical reset that is underway right now. Willie explains how the US Dollar is about to disappear and if and when we see bail-ins start happening it will be because the dollar has been replaced and gold will launch big. They refer to this as the “death event,” where Willie uses a gruesome analogy of how a dead body will rise in the water to describe what we are seeing happen to the dollar, stating the “king Dollar is floating.”

In the second half of the TruNews show, Willie makes some startling predictions, stating he believes the debt clock has stoppedregistering because he thinks the US has already defaulted, he predicts that China will take control of the gold market and determine the price of gold according to supply, the fall of the US economic system with the rise of the BRICS and the Asian institutions that will be their version of the UN, NATO, IMF and Federal Reserve.

Willie also informs listeners of powerful “disruption events” that are coming soon.

This is a must-hear one hour interview that connects the dots of the headlines we are seeing with the inside information we are not.
==========

Jim Willie provides his own summary of this interview at INTERVIEW WITH RICK WILES ON TRU-NEWS (http://www.goldenjackass.com/main5.html):

==========




April 8th: topics covered the personal psychological obstacles on accepting systemic breakdown, progress on the Global Paradigm Shift toward Eastern power centers, rise and replacement for the USDollar as floating gaseous corpse, financial insolvency of major Western banks, the ruse of bank bail-ins and real Cyprus story, the pension fund wreckage, the parade of nations behind the Chinese-led Asian Infrastructure Investment Bank with consequences, the BRICS Parliament and SCO counter balance force to NATO, the new Chinese alternative banking transaction system to compete with SWIFT, the real activity of Russian President Putin during those ten days last month, the upcoming new military bases in Nicaragua and Cuba
==========

Here is an MP3 file of the interview:
Source: [url]http://www.trunews.com/Audio/04_08_15_wednesday_trunews2.mp3
===

If you don't have time to listen to all of it, then at least skip to the last three minutes, where Jim Willie speculates on where Putin was during the 10 days that he went missing from public view, from about March 6 to 16, 2015. Jim speculates that Putin was meeting with key people from China, the Vatican, and the Rothschild and Rockefeller families. Jim speculates that a Chinese family (or families, I'm not sure which), which Jim calls the White Dragons, are ascending into a dominant role, and that the Rothschild family is being kicked out. The current central banks of most major nations, such as the Federal Reserve of the US, are centers of Rothschild power, and will be dismantled. The Rockefellers are on board with this transition, and will retain significant power.

===

My further speculation:


I observe that Rand Paul has announced for the US Presidential race and that (as reported at here, on Politico.com (http://www.politico.com/story/2015/04/rand-paul-foreign-policy-strategy-116737.html)) according to Richard Burt, one of Rand Paul's key foreign policy advisors, Rand Paul has consulted with Zbigniew Brzezinski, Brent Scowcroft, and Henry Kissinger. I associate these names more with the Rockefellers than with the Rothschilds.

I speculate that Rand Paul has Rockefeller backing, and that he will win the 2016 US Presidential election, and that he will overhaul the US Federal Reserve system during his years in office, substantially removing Rothschild power influence through the Fed.

[ThePythonicCow]

My further speculation:


I observe that Rand Paul has announced for the US Presidential race and that (as reported at here, on Politico.com (http://www.politico.com/story/2015/04/rand-paul-foreign-policy-strategy-116737.html)) according to Richard Burt, one of Rand Paul's key foreign policy advisors, Rand Paul has consulted with Zbigniew Brzezinski, Brent Scowcroft, and Henry Kissinger. I associate these names more with the Rockefellers than with the Rothschilds.

I speculate that Rand Paul has Rockefeller backing, and that he will win the 2016 US Presidential election, and that he will overhaul the US Federal Reserve system during his years in office, substantially removing Rothschild power influence through the Fed.

Aha - I'm not the only one who figures that Rand Paul has the backing of the Rockefellers. Ken over at RedefiningGod.com, in his post The Establishment strategy for electing Rand Paul (http://redefininggod.com/2015/04/globalist-agenda-watch-2015-update-20-the-establishment-strategy-for-electing-rand-paul/), writes:

Now that Rand Paul, the chosen candidate of the Rockefeller/BRICS New World Order, has officially entered the race for President, both his campaign and the mainstream media have been offering previews of how the globalists will sell him to the public.

...Faced with the situation of having the “Washington machine’s” tainted candidates (Bush and Clinton) shoved down their throats again, the public will be looking for a credible “outsider” who offers to “Defeat the Washington Machine and Unleash the American Dream.” And once the next economic crisis hits and the MSM pillory the Federal Reserve for causing it, Mr. “Audit the Fed” will look like a genius.
There is quite a bit more at the above link.

[gripreaper]

My further speculation:


I observe that Rand Paul has announced for the US Presidential race and that (as reported at here, on Politico.com (http://www.politico.com/story/2015/04/rand-paul-foreign-policy-strategy-116737.html)) according to Richard Burt, one of Rand Paul's key foreign policy advisors, Rand Paul has consulted with Zbigniew Brzezinski, Brent Scowcroft, and Henry Kissinger. I associate these names more with the Rockefellers than with the Rothschilds.

I speculate that Rand Paul has Rockefeller backing, and that he will win the 2016 US Presidential election, and that he will overhaul the US Federal Reserve system during his years in office, substantially removing Rothschild power influence through the Fed.

Aha - I'm not the only one who figures that Rand Paul has the backing of the Rockefellers. Ken over at RedefiningGod.com, in his post The Establishment strategy for electing Rand Paul (http://redefininggod.com/2015/04/globalist-agenda-watch-2015-update-20-the-establishment-strategy-for-electing-rand-paul/), writes:

Now that Rand Paul, the chosen candidate of the Rockefeller/BRICS New World Order, has officially entered the race for President, both his campaign and the mainstream media have been offering previews of how the globalists will sell him to the public.

...Faced with the situation of having the “Washington machine’s” tainted candidates (Bush and Clinton) shoved down their throats again, the public will be looking for a credible “outsider” who offers to “Defeat the Washington Machine and Unleash the American Dream.” And once the next economic crisis hits and the MSM pillory the Federal Reserve for causing it, Mr. “Audit the Fed” will look like a genius.
There is quite a bit more at the above link.

Pretty brilliant strategy actually, with one caveat. The Rothchilds are not going anywhere and are not losing any power and are not at odds with the Rockefellers, who are agents of the Rothchilds, albeit quite wealthy and quite prominent having made their fortune in the last century from oil, a fortune similar to the Rothchilds who took 4 centuries to amass their fortune.

Nonetheless, the Rothchilds just want to remain extremely obscure during the transition. The whole BRICSA counter dialectic is just to keep the slaves occupied while looking for a savior, and the repackaging of the same old slave system will only be different from the current one by increased centralization and digitizing of all transactions, currency exchange rates and behavior surveillance and more draconian rules, regulations and codes to follow, and loss of any control over assets or currency.

Meet the new boss, same as the old boss!


http://www.youtube.com/watch?v=SHhrZgojY1Q

[ThePythonicCow]

Pretty brilliant strategy actually, with one caveat. The Rothchilds are not going anywhere and are not losing any power and are not at odds with the Rockefellers, who are agents of the Rothchilds, albeit quite wealthy and quite prominent having made their fortune in the last century from oil, a fortune similar to the Rothschilds who took 4 centuries to amass their fortune.
Perhaps ... perhaps not.

At the least, I expect that some of the manifestations of the Rothschild power, such as the US Federal Reserve and the Neocon-Zionists, will be taking a fall.

I doubt I will ever know whether some core Rothschild power persisted, or not.

[grannyfranny100]

Are you talking about the same Rand Paul who abandoned his father's run for President to align with the mainstream Republicans? Ugh!

[giovonni]

Are you talking about the same Rand Paul who abandoned his father's run for President to align with the mainstream Republicans? Ugh!

Yes - the new poster boy ...

The future President Ray/Ban Paul

http://a.abcnews.com/images/Politics/GTY_rand_paul_sk_150129_16x9_608.jpg

[gripreaper]

Yes - the new poster boy ... The future President Ray/Ban Paul

I just coined a new phrase, "The New Potus Puppet"

[jackovesk]

Two days ago now, on April 8, 2015, Rich Wiles of Dr. Jim Willie: ‘King Dollar Is Floating Dead’ – Bombshell Predictions On Upcoming ‘Events’ (GovtSlaves.info) ("]TruNews[/url] interviewed Jim Willie. I continue to follow Jim Willie more closely than perhaps anyone else analyzing the global financial situation. I am a subscriber to Jim's news letter. Rick Wiles provides one of the better interviews I've heard of Jim.

Susan Dulcos, at


Dr. Jim Willie of GoldenJackass.com (http://www.goldenjackass.com/) and the Hat Trick Letter joins Rick Wiles on Wednesday’s edition of TruNews where Willie and Wiles spend a jam- packed- with- information hour discussing the global financial and geopolitical reset that is underway right now. Willie explains how the US Dollar is about to disappear and if and when we see bail-ins start happening it will be because the dollar has been replaced and gold will launch big. They refer to this as the “death event,” where Willie uses a gruesome analogy of how a dead body will rise in the water to describe what we are seeing happen to the dollar, stating the “king Dollar is floating.”

In the second half of the TruNews show, Willie makes some startling predictions, stating he believes the debt clock has stoppedregistering because he thinks the US has already defaulted, he predicts that China will take control of the gold market and determine the price of gold according to supply, the fall of the US economic system with the rise of the BRICS and the Asian institutions that will be their version of the UN, NATO, IMF and Federal Reserve.

Willie also informs listeners of powerful “disruption events” that are coming soon.

This is a must-hear one hour interview that connects the dots of the headlines we are seeing with the inside information we are not.[/INDENT]
==========

Jim Willie provides his own summary of this interview at INTERVIEW WITH RICK WILES ON TRU-NEWS (http://www.goldenjackass.com/main5.html):

==========




April 8th: topics covered the personal psychological obstacles on accepting systemic breakdown, progress on the Global Paradigm Shift toward Eastern power centers, rise and replacement for the USDollar as floating gaseous corpse, financial insolvency of major Western banks, the ruse of bank bail-ins and real Cyprus story, the pension fund wreckage, the parade of nations behind the Chinese-led Asian Infrastructure Investment Bank with consequences, the BRICS Parliament and SCO counter balance force to NATO, the new Chinese alternative banking transaction system to compete with SWIFT, the real activity of Russian President Putin during those ten days last month, the upcoming new military bases in Nicaragua and Cuba
==========

Here is an MP3 file of the interview:
Source: [url]http://www.trunews.com/Audio/04_08_15_wednesday_trunews2.mp3
===

If you don't have time to listen to all of it, then at least skip to the last three minutes, where Jim Willie speculates on where Putin was during the 10 days that he went missing from public view, from about March 6 to 16, 2015. Jim speculates that Putin was meeting with key people from China, the Vatican, and the Rothschild and Rockefeller families. Jim speculates that a Chinese family (or families, I'm not sure which), which Jim calls the White Dragons, are ascending into a dominant role, and that the Rothschild family is being kicked out. The current central banks of most major nations, such as the Federal Reserve of the US, are centers of Rothschild power, and will be dismantled. The Rockefellers are on board with this transition, and will retain significant power.

===

My further speculation:


I observe that Rand Paul has announced for the US Presidential race and that (as reported at here, on Politico.com (http://www.politico.com/story/2015/04/rand-paul-foreign-policy-strategy-116737.html)) according to Richard Burt, one of Rand Paul's key foreign policy advisors, Rand Paul has consulted with Zbigniew Brzezinski, Brent Scowcroft, and Henry Kissinger. I associate these names more with the Rockefellers than with the Rothschilds.

I speculate that Rand Paul has Rockefeller backing, and that he will win the 2016 US Presidential election, and that he will overhaul the US Federal Reserve system during his years in office, substantially removing Rothschild power influence through the Fed.


Great to see your willing to stick your neck out Paul...:thumb:

http://www.sherv.net/cm/emoticons/fighting/guillotine-smiley-emoticon.gif

I read your commentary, and on an intuitive level "Stranger things have Happened"...:yes4:

I too think Rand Paul has a real shot at the 2016 Presidency...:usa2:


I too have noticed on several occasions have been found questioning myself as to "Who is Rand Paul Really Aligned to"...???

& Why is he getting so much Media exposure...???

Rand Paul & his Strategic Team realise he has to still :director: Tell the American People...



Who the real enemy is (ISIL, Al Queda) which is the same as the MSM rhetoric

BUT he believes in this...

However he doesn't support America's Foreign Policy, which is not the MSM rhetoric
He wants to take back America from the 'Special Interests'
He wants the Troops to come home & protect US Borders and want's to put a STOP to Nation Building



Rand Paul mixed up with Zebrinski, Rockefellers, Rothschild, Brent Scowcroft, and Henry Kissinger...:shocked: Not sure about that...???

However your Theory, does deserve further inspection...

PS - This will give you a few more hints as to where Rand Paul stands...

Senator Rand Paul Presidential Announcement Full Speech (C-SPAN)

Published on Apr 7, 2015



Senator Rand Paul announced his bid for the Republican presidential nomination. He made the announcement from the Galt House Hotel in Louisville, KY. Watch the complete Senator Rand Paul Presidential Campaign Announcement event here: http://cs.pn/1CQBsg7


http://www.youtube.com/watch?v=iGfzoPQACPY

PSS - REPEAT: Rand Paul mixed up with Zebrinski, Rockefellers, Rothschild, Brent Scowcroft, and Henry Kissinger...:shocked: Not sure about that...???

After watching the Presidential Announcement Speech 'above', one thing I know for sure Zebrinski, Rockefellers, Rothschilds, Brent Scowcroft, and Henry Kissinger Didn't write his Speech...:nono:

[giovonni]

PSS - REPEAT: Rand Paul mixed up with Zebrinski, Rockefellers, Rothschild, Brent Scowcroft, and Henry Kissinger...:shocked: Not sure about that...???

After watching the Presidential Announcement Speech 'above', one thing I know for sure Zebrinski, Rockefellers, Rothschilds, Brent Scowcroft, and Henry Kissinger Didn't write his Speech...:nono:

Yeah a lot of people weren't sure about Barack Obama (in and about this time) in 2007 - before the 2008 presidential election ... And i would quite imagine none of the above wrote any of Barry O's speeches either ... ;)

[ThePythonicCow]

After watching the Presidential Announcement Speech 'above', one thing I know for sure Zebrinski, Rockefellers, Rothschilds, Brent Scowcroft, and Henry Kissinger Didn't write his Speech...:nono:
Well ... definitely not the Rothschilds, not by my current speculation. I'll agree with you on that much, for sure.

More generally, no politician with a snow balls chance in Hades of winning a US Presidential election will make a major speech that genuinely reflects the views of his real backers. Such speeches are written for the audience, not to convey the truth.

[jackovesk]

I'll get back to both you & Giovonni once I have researched this fella in more detail...

Not sure if this has been linked/posted...:noidea:

Published on Apr 8, 2015

http://WWW.TRUNEWS.COM

SPECIAL GUEST: JIM WILLIE – RENEGADE ANALYST


http://www.youtube.com/watch?v=gRPOv_rG_Mw

[Harley]

Willie makes some startling predictions, stating he believes the debt clock has stoppedregistering because he thinks the US has already defaulted, he predicts that China will take control of the gold market and determine the price of gold according to supply, the fall of the US economic system with the rise of the BRICS and the Asian institutions that will be their version of the UN, NATO, IMF and Federal Reserve.

Most appropriate to this thread:

Patriots Take Down Communist Flag At Washington State Capitol

http://www.youtube.com/watch?v=tVN52u4dQCE

Published on Apr 6, 2015
Anti-American Progressive Communist Liberals are going to get their panties in a twist after viewing this video... including the Liberal women.

In “honor” of his meeting with China Ambassador Cui Tiankai, Washington Governor Jay Inslee has raised the Chinese flag between the American flag and the state flag at the capitol building in Olympia.

Hat Tip State Rep. Elizabeth Scott

On Saturday - A small group of people arrived at the capitol in the morning and removed the Communist flag.
They were assisted by an officer from the Washington State Police.
Video, courtesy of activist Maria Bosworth.


My point is not about the patriots taking it down but the reason(s) why it was flown in the first place.

Also note that there were no government "officials" present during the removal.

[Ioneo]

Jim speculates that a Chinese family (or families, I'm not sure which), which Jim calls the White Dragons, are ascending into a dominant role...

The White Dragon Society is the one that Ben Fulford belongs to. He said in a recent interview on Veterans Today that the society is a Western creation (with some Japanese), not Chinese. Although the head of it right now is a Chinese man. The Chinese have the Red Dragon and Green Dragon societies which include the the old royal families of China.

[gripreaper]

Senator Rand Paul announced his bid for the Republican presidential nomination. He made the announcement from the Galt House Hotel in Louisville, KY. Watch the complete Senator Rand Paul Presidential Campaign Announcement event here: http://cs.pn/1CQBsg7


http://www.youtube.com/watch?v=iGfzoPQACPY

I just watched this video. Please excuse me while I go take a shower. I've got rhetoric all over myself. Should take at least an hour...

[Harley]

Willie makes some startling predictions, stating he believes the debt clock has stopped registering because he thinks the US has already defaulted

Another article of fact that is most appropriate to this thread:

21 Days: Treasury Says Debt Has Been Frozen at $18,112,975,000,000

(CNSNews.com) (http://cnsnews.com/news/article/terence-p-jeffrey/21-days-treasury-says-debt-has-been-frozen-18112975000000) - According to the Daily Treasury Statement for Friday, April 3 (https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=w&fname=15040300.pdf), which was published by the U.S. Treasury on Monday, April 6, that portion of the federal debt that is subject to a legal limit set by Congress closed the day at $18,112,975,000,000—for the 21st day in a row.

$18,112,975,000,000 is about $25 million below the current legal debt limit of $18,113,000,080,959.35.

http://cnsnews.com/sites/default/files/imagecache/large/images/DAILY%20TREASURY%20STATEMENT-04-03-2015_1.JPG
Table III-C on the Daily Treasury Statement for April 3 shows that the federal debt subject to a legal limit began April at $18,112,975,000,000 and closed both April 2 and April 3 at that level.

The debt first hit $18,112,975,000,000, according to the Daily Treasury Statement (https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=w&fname=15031300.pdf), on March 13, which was the day Treasury Secretary Jacob Lew sent a letter to House Speaker John Boehner (http://www.treasury.gov/initiatives/Documents/Debt%20Limit%20Letter%2020150313.pdf) and other congressional leaders saying that he was planning to declare a “debt issuance suspension period.”

This was necessary, Lew explained, because in 2014 Congress enacted legislation that “suspended” the debt limit until March 15 and then reinstated it on that date at whatever level the debt had reached by then.

“As you know, in February 2014, Congress passed the Temporary Debt Limit Extension Act, suspending the statutory debt limit through March 15, 2015,” Lew said in his March 13 letter. “Beginning on Monday, March 16, the outstanding debt of the United States will be at the statutory limit. In anticipation of reaching that date, Treasury has suspended until further notice the issue of State and Local Government Series securities, which count against the debt limit.”

http://cnsnews.com/sites/default/files/imagecache/large/images/DAILY%20TREASURY%20STATEMENT-03-13-2015.JPG
The federal debt subject to limit first closed at $18,112,975,000,000 on March 13. Since then, it has closed at that same level on every business day.

State and Local Government Series securities, the Congressional Research Service explains, are “customized securities available for state and local governments to hold proceeds of bond sales,” and are considered part of the federal government debt that is held by the public.

“Because Congress has not yet acted to raise the debt limit,” Lew said in his March 13 letter, “the Treasury Department will have to employ further extraordinary measures to continue to finance the government on a temporary basis. Therefore, beginning on March 16, I plan to declare a ‘debt issuance suspension period’ with respect to investment of the Civil Service Retirement and Disability Fund and also suspend the daily reinvestment of Treasury securities held by the Government Securities Investment Fund and the Federal Employees’ Retirement System Thrift Savings Plan.”

Read more Here (http://cnsnews.com/news/article/terence-p-jeffrey/21-days-treasury-says-debt-has-been-frozen-18112975000000)

[ThePythonicCow]

I'll get back to both you & Giovonni once I have researched this fella in more detail...

Not sure if this has been linked/posted...:noidea:
That Youtube video that you posted, of the TruNews Rick Wiles interviewing Jim Willie on 8 April 2015, -is- the opening interview of this thread :).

[Snoweagle]

Are you talking about the same Rand Paul who abandoned his father's run for President to align with the mainstream Republicans? Ugh!

Actually I find this a very smart move on the part of the Paul dynasty (for want of another collective) and Rons primary principles.

Ron Paul was so close to making change that all stops were brought to extinguish his light from the presidential race. His policies were largely popular with voters but his enemies thwarted his attempts by disgracefully "jerry mandering" his media persona.

It wouldn't surprise me if Ron advised Rand to "sign up" with the Republicans so Rand could continue with Rons idealistic American dream from the inside. Where, once inside the party, would implement the various forms of change with direct influence within the party.

Whilst I think this a smart move, in view of this colossal economic (genocidal) change we are now facing, who knows the true intention that Rand may play during and after the process. We have seen all to often how we the recipients have been deceived by speculation from talking heads, so it remains to be seen now over time the merits of Rands political play.

[TrumanCash]

A very interesting Jim Willie interview. I'm wondering if he's getting some of his info from Fulford.

Is there anyone who can help shed some light on the alleged AIIB (http://www.reuters.com/article/2015/04/12/us-asia-aiib-idUSKBN0N302B20150412) (aka "the alliance") vs. BIS (http://www.zerohedge.com/news/2015-04-11/meet-secretive-group-runs-world) (aka "the cabal") claims. The BIS lists as members of the bi-monthly Economic Consultative Committee (ECC) (http://www.bis.org/about/bimonthly_meetings.htm) the Governors of the central banks of four BRICS countries: China, India, South Africa, Brazil.

Also: "Beijing (China) (AFP) - China is in talks with the International Monetary Fund for the Washington-based institution to add the yuan to its basket of reserve currencies, a top banking official said Thursday as Beijing seeks a greater global role for the unit. It hopes the yuan will become part of the IMF's "special drawing rights" (SDR) assets "in the foreseeable future", said vice central bank governor Yi Gang." [Source (http://news.yahoo.com/china-seeking-yuan-role-imf-currency-134858121--finance.html)]

So am I missing something here or is BRICS and the AIIB really just a part of (or in cahoots with) the BIS/IMF?

[Shadowself]

...nevermind

[marielle]

Here is another recent interview with Jim Willie:

385ymxhVQEM

I've been following Jim, off and on, since 2006. That said, I wish he would upgrade his microphone for these interviews. I realize that I'm getting what I'm paying for:p But it sounds like he's ranting and raving using the built-in mic of a cheap laptop.

Oh well. And yes, the white dragon stuff did make me think of Fulford. More and more high-strangeness these days.

[Meggings]

21 Days: Treasury Says Debt Has Been Frozen at $18,112,975,000,000

(CNSNews.com) (http://cnsnews.com/news/article/terence-p-jeffrey/21-days-treasury-says-debt-has-been-frozen-18112975000000) - According to the Daily Treasury Statement for Friday, April 3 (https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=w&fname=15040300.pdf), which was published by the U.S. Treasury on Monday, April 6, that portion of the federal debt that is subject to a legal limit set by Congress closed the day at $18,112,975,000,000—for the 21st day in a row.

Table III-C on the Daily Treasury Statement for April 3 shows that the federal debt subject to a legal limit began April at $18,112,975,000,000 and closed both April 2 and April 3 at that level.

The debt first hit $18,112,975,000,000 on March 13, which was the day Treasury Secretary Jacob Lew sent a letter to House Speaker John Boehner (http://www.treasury.gov/initiatives/Documents/Debt%20Limit%20Letter%2020150313.pdf) and other congressional leaders saying that he was planning to declare a “debt issuance suspension period.”

This was necessary, Lew explained, because in 2014 Congress enacted legislation that “suspended” the debt limit until March 15 and then reinstated it on that date at whatever level the debt had reached by then.

“As you know, in February 2014, Congress passed the Temporary Debt Limit Extension Act, suspending the statutory debt limit through March 15, 2015,” Lew said in his March 13 letter. “Beginning on Monday, March 16, the outstanding debt of the United States will be at the statutory limit. In anticipation of reaching that date, Treasury has suspended until further notice the issue of State and Local Government Series securities, which count against the debt limit.”

The federal debt subject to limit first closed at $18,112,975,000,000 on March 13. Since then, it has closed at that same level on every business day.

“Because Congress has not yet acted to raise the debt limit,” Lew said in his March 13 letter, “the Treasury Department will have to employ further extraordinary measures to continue to finance the government on a temporary basis. Therefore, beginning on March 16, I plan to declare a ‘debt issuance suspension period’ with respect to investment of the Civil Service Retirement and Disability Fund and also suspend the daily reinvestment of Treasury securities held by the Government Securities Investment Fund and the Federal Employees’ Retirement System Thrift Savings Plan.”

Read more Here (http://cnsnews.com/news/article/terence-p-jeffrey/21-days-treasury-says-debt-has-been-frozen-18112975000000)

Interestingly, I have just read in a book about President U.S. Grant, that the national debt of the United States was $64 million in 1860. It had ballooned to $2.8 billion by the end of the Civil War, which were mostly bonds sold by the government at 6 per cent interest. War is expensive business.

Also interesting was that U.S. Grant squashed a Wall Street ring that was trying to corner the gold market in Sept. 1869. Yet the conspirators got off scot-free, being defended in court by the best legal talent money could buy, in concert with judges at their beck and call. It certainly is time for the old/current money ways to change.

[The book this is from is by Jean Edward Smith, called "Grant", published by Simon & Schuster, NY, 2001.)