Skip to main content

Ed is repeating his conviction that we will go into default.

His argument is that the Thugs have shown nothing anyone can trust to do anything else.

This is correct. The morons in the House will burn down the world if they can.

But Ed is still wrong. We won't go into default. And it has nothing to do about trusting GOP Thugs.

It's simple: GOP Congress Critters are not their own masters. They are owned.

And we can trust the Korporate Master to do what they always do: protect their money.

It is NOT TRUE that the wealthy can comfortably ride out a default while the poor suffer. The entire global wealth system would be severely undermined by a US Govt. default.

That's why the Koch idiots backed off. They'd lose hugely. A congressman on MSNBC last night said the Koch brothers have 500 traders making money everyday on the markets.

The Korporate Masters will not tolerate a default.

They directly own most GOP members. These guys are simply looking for reassurances that they won't be primaried and abandoned. They are and will be getting those reassurances.

And even the lunatic Tea-Morons are ultimately owned. They didn't get there on their own. Eventually, their Masters will tell them to stand down.

And then there is the matter of the polls. Suddenly, a TP primary is less scary than facing the MS voters.

They cannot default. They have never been in a position to default, however much they want to. They are not their own masters.

The government shutdown is another matter. The Masters are less inclined to care about that.

But, the political and economic realities of the shutdown are, I think, getting through to the KMs. They do not want to go into the holidays with a dead economy. There's too much money to be lost.

A deal will be made.

What sort of deal? That's another question.

The good news is that our roll-over DEMS are finding out what a strong hand they carry. They are in position to win the brinksmanship contest.

But will they hold their nerve? Will Obama be able to hold out against a lifelong habit of appeasing? They've folded winning hands so many times!

And how long will it take? The GOP keeps stalling and hoping for a bone. The longer it goes on, the deeper the economic hole.

Usually, DC goes to the deadline and makes a deal in the final moments.

But doing that in this case does damage it will be tough to recover from.

So, in the meantime, we hold our breath.

Ed did make one scary point. He said the morons would hold things up to the last minute ... and then human error would see us over the edge of the cliff. A scary thought.

But I take refuge in the stock market which is up again today. Those guys know what's going to happen long before we do. The fix is in.

The question is whether DEMs toss in more than they need to. And Wall Street owns most of the DEMs as well!

Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags


More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

  •  Until they fold, it's a lie (2+ / 0-)
    Recommended by:
    librarisingnsf, ColoTim

    nosotros no somos estúpidos

    by a2nite on Fri Oct 11, 2013 at 01:52:36 PM PDT

  •  PS. The World Owns Us! (4+ / 0-)
    Recommended by:
    elwior, jfromga, MidwestTreeHugger, Smoh

    Our U.S. Korporate Masters are not their own masters. They are owned by Chinese, Japanese, German, and other global investors. The Tea Partiers are so stupid that they do not understand the holy hell that would rain down on them if they screwed with the wealth of global billionaires.

    "I'm a dweller on the threshold ..."

    by thresholder on Fri Oct 11, 2013 at 01:53:37 PM PDT

  •  Send them to hell.. (8+ / 0-)

    ..where they came from.

    They hate you, Mr President. They hate me, a taker, er stroke survivor. Fight for me Mr President.

    What is so unnerving about the candidacy of Sarah Palin is the degree to which she represents—and her supporters celebrate—the joyful marriage of confidence and ignorance. SAM HARRIS

    by Cpqemp on Fri Oct 11, 2013 at 01:55:43 PM PDT

  •  I so hope you are right. (6+ / 0-)

    And I hope the fold is obvious and painful over there.
    I want to see how the TeaBaggers decapitate Boner.

    If I ran this circus, things would be DIFFERENT!

    by CwV on Fri Oct 11, 2013 at 01:57:29 PM PDT

  •  So they are not serious players, just puppets. (0+ / 0-)

    If we default will they be serious players or will that be an error.  They are doing this regardless of who owns whom?Billionaires may not control what they did before the default got the light of day.  

  •  Not Sure we Know the Koch Brothers Backed Off. (3+ / 0-)
    Recommended by:
    whenwego, GideonAB, ColoTim

    There was a denial statement from Koch Industries or other Koch organization, but I was reading doubts in a diary about it that the brothers themselves share the sentiments.

    Global ownership of course has infinitely more than enough money but the question is whether the tea rep funders who are likely far better organized to act want to push default. If so, the disapproval of most of global ownership may not matter any more than the disapproval of most of the Republican party.

    We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

    by Gooserock on Fri Oct 11, 2013 at 02:03:06 PM PDT

    •  Koch (1+ / 0-)
      Recommended by:

      a statement is nothing.

      If Kochs were serious about stopping Republicans, I have to believe that they would get that result.  I think they want a default in the hope that it will damage Obama or the Dems.

      Do not raise the debt celing. Eliminate it

      by GideonAB on Fri Oct 11, 2013 at 02:50:25 PM PDT

      [ Parent ]

  •  The tea crazies are their own masters (1+ / 0-)
    Recommended by:

    Their congress critters are more afraid of them (i.e. getting primaried) than of losing the money train.

    Rick Perry - the greatest scientist since Galileo!

    by Bobs Telecaster on Fri Oct 11, 2013 at 02:28:53 PM PDT

  •  When we win we can raise their taxes and mitigate (0+ / 0-)

    the economic casualties of this last battle of the Civil War.

    Only gun owners can control their guns and they say oopsie way too much. I lost it, I forgot it, it just went off. Support Gun Kill Speed Limits and Gun Ownership Speed Limits.

    by 88kathy on Fri Oct 11, 2013 at 02:48:28 PM PDT

  •  May also be a way to potentially affect markets... (0+ / 0-)

    I wonder who has been profiting from the shutdown.

    Maybe a dead end scenario like this was worth it to some even if it is political suicide for the Grand Old Party of Delusion.

    -6.38, -6.21: Lamented and assured to the lights and towns below, Faster than the speed of sound, Faster than we thought we'd go, Beneath the sound of hope...

    by Vayle on Fri Oct 11, 2013 at 03:00:42 PM PDT

  •  The corporate owners screwed up. These zeebs (4+ / 0-)
    Recommended by:
    Dr Erich Bloodaxe RN, Gurnt, skod, Smoh

    are batshit over the edge crazy.  They believe these conspiracies and the shit they spew.  They aren't bluffing. That's why Boehner is so depressed.  He knows he's done if he bows to the owners.

    "Nothing in all the world is more dangerous than sincere ignorance and conscientious stupidity." --M. L. King "You can't fix stupid" --Ron White -6.00, -5.18

    by zenbassoon on Fri Oct 11, 2013 at 03:08:16 PM PDT

  •  Frankenstein's monster is lurching around freely (1+ / 0-)
    Recommended by:

    not paying the slightest heed to its 'masters'.

    The only good thing that can come out of actually going over the cliff is the utter destruction of the Republican party that has worked on destroying government and democracy for the last 40 years.

    Sure we'll have to rebuild from the rubble, but without them there to screw everything up, we'll come back stronger as a country.

  •  If they do fold it (a HUGE if) it wasn't because (0+ / 0-)

    they were bluffing. It was because they assumed Obama was (a reasonable assumption based on what had happened previously).  Now that it doesn't seem that way they aren't quite stupid enough  to go all in.

  •  Koch et al can make money coming or going (0+ / 0-)

    Savvy high-level investors can make money whether the market is moving up or down, especially if they have the power to cause it to move one direction or the other. I assume that the big players are fully hedged and may even be betting on a collapse in stocks and/or bonds, via short sales and/or credit default swaps.

    They will not be hurt as much as the smaller retail investors would be, no matter what happens. And it would be worth it to them if it guarantees them special deals for the next 6-8 years.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site