This Is Beginning To Look Like Enemy Action

This Is Beginning To Look Like Enemy Action

In one of Ian Fleming's novels, we learn that, "Once is happenstance, twice is coincidence, three times is enemy action." I am beginning to wonder who Barack Hussein Obama really works for--because he is doing things that our enemies would do. For example, the actions of Democrats in Congress and Obama are endangering the sovereign rating of U.S. Treasury bonds.

If you don't know what that means, let me explain. When a corporation or government sells bonds, they are borrowing money from those who buy the bonds. Is there some risk that a corporation or government will default on those bonds? Well, sure. Joe's Five And Dime Corporation may well go under during the 30 year duration of the bonds that they issue. Certain governments (especially in the Third World) aren't particularly trustworthy.

The U.S. government, however, under the wise leadership of Alexander Hamilton, and the responsible leadership, both Democrat and Republican ever since, became such a trustworthy entity that it has what is called a sovereign rating--meaning, that any circumstances under which the U.S. Treasury defaults, you won't much care about bonds. You'll be more concerned about having a stockpile of canned food and ammo. But that couldn't happen. It just couldn't. Even the most deranged liberals that have run our government knew full well that a sovereign rating means that our government gets to borrow at the lowest rates possible--and that you can't just blithely throw away something that valuable.

Until now. This isn't a short-term crisis; the prospect that our government is no longer run by responsible adults is going to have a destructive effect on Treasury yields for a long time--even if our credit rating isn't actually downgraded. The realization that the adults are no longer in charge is that destructive.

Lots of people rely on Treasury bonds. They are considered the lowest risk investment imaginable. This is what lots of retirees rely upon. This is what pension funds invest their money in. This is where charitable organizations and educatonal institutions park money. Destroying the bond rating of the U.S. ends up destroying the resources of lots of people who aren't even particularly wealthy.

Now, if there was a functioning Republican Party, they would be running television ads right now saying, "Look where your hero has taken us--to a point where he is destroying the wealth that you are relying upon for retirement." But the national Republican Party doesn't have the intelligence of a squash.

UPDATE: The more I think about that news story--it may be time to start stockpiling canned food and ammunition. Especially ammunition that can be used to put food on the table. I'm not a hunter, but with these raving idiots (or worse) running the show, there might well be reason to become one in a year or two.

It's still barely possible that the masses will stop playing with their iPods and Blackberries when they lose their jobs, and suddenly go, "What the heck happened?" But I'm impressed how little attention much of the population seems to be paying, until the crisis is fully at hand--and impossible to avoid.