US Constitution and Flag

US Constitution and Flag
A voice for the people bringing HOT political news not found in the mainstream media, financial news not found in the mainstream media, and YES all my favorite conspiracies not found in the mainstream media! With some music and sports sprinkled in for some culture hahahahhaha...

Monday, April 18, 2011

Bank Of America Analyst Advocates The “Unthinkable” — An Intentional Default On US Debt

No one need create the catastrophic event otherwise feared from a temporary deferral of interest payments on Treasury debt arising out of a political conflict. Politicians on both sides of the debate could help to avoid that outcome by setting market expectations. With appropriate direction from Treasury or Congress, holders of Treasury debt could accrue their missed interest payments while continuing to accrue future interest payments.

http://www.blacklistednews.com/Bank_Of_America_Analyst_Advocates_The_%E2%80%9CUnthinkable%E2%80%9D_%E2%80%94_An_Intentional_Default_On_US_Debt_/13560/0/0/0/Y/M.html

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