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Fed Preparing For US Default Says Plosser

By: capt_nemo in WRGO | Recommend this post (0)
Thu, 21 Jul 11 12:12 PM | 10 view(s)
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Submitted by Tyler Durden on 07/20/2011 16:21 -0400

* Barack Obama
* Discount Window
* Federal Reserve
* Federal Reserve Bank
* Reuters
* Tim Geithner

That giant whooshing, and humming, sound you hear are all the printers at the basement of Marriner Eccles getting refills and start the warm up process. Because according to the Fed Charles Plosser the Federal Reserve is actively preparing for the possibility that the United States could default. Which can only mean one thing: an immediate paradrop of millions of $100 bricks to every man woman and child in the US since as we all know by know Tim Geithner has repeatedly confirmed the Treasury has absolutely no default plans. None.

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http://www.zerohedge.com/article/fed-preparing-us-default-says-plosser




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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