Friday, 11 September 2009

He was told a resounding no. The result should be total economic chaos in the U.S. by September 30th . "

Benjamin Fulford 


[http://benjaminfulford.typepad.com/benjaminfulford/] states that for almost a century the US Treasury Dept has been issuing specialized debt instruments to countries with which the US has had a trade surplus.  

These complex debt instruments are tailored by complex treaties. Unfortunately, the recent US Treasury funding needs exceed the willingness of these creditor nations to extend additional credit.  

Fulford writes, "The problem is that after nearly a century of issuing these debt instruments, the chickens are coming home to roost. President Obama tried at the recent G8 plus 5 meeting in Italy to borrow more money than George Bush junior did in 8 years. 

He was told a resounding no. The result should be total economic chaos in the U.S. by September 30th . "