Is the Ponzi Scheme Over? Government Defaults on Debt, then Hides the Truth from the Public…”Our economy is a ticking time bomb”

Thursday, August 15, 2013
By Paul Martin

OffGridSurvival.com
August 14, 2013

As Congress gets ready for yet another debt-ceiling fight, it seems our government may have already defaulted on its debts. For the last month, our debt has sat at $16,699,396,000,000; it hasn’t moved a single penny in either direction. Sadly, what’s most astonishing about the number isn’t the fact that we are over $16 trillion in debt; but instead, the fact that the number hasn’t moved in the last 30 days.

While most people would take this as a positive sign, the fact is, our debt has grown over $98 billion in the last 30 days – The Government just isn’t reporting it.

Why wouldn’t the government report $98 Billion dollars of debt, especially when they freely admit to the over 16.6 trillion?

Well the answer to that is actually pretty simple. If they admitted to it, they would be admitting to the fact that the broke the law and allowed the country to basically default on its debt. If the Treasury Department admitted to borrowing the additional $98 billion to cover the $98 billion deficit they declared in their monthly statement for July, the Treasury would be admitting that they had already surpassed the legal limit on the debt.

So instead of admitting to breaking the law, they just readjusted the scam a bit, and the debt magically stayed $25 million below the legal limit for the last 30 days.

Our economy is a ticking time bomb…..

The Rest…HERE

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