From the Treasury Blog of Timothy Geithner:

Failing to increase the debt limit would have catastrophic economic consequences.

It didn’t for Donald Trump… He was unable to pay his obligations several times, and now has a television show and is pretending to run for president.

It didn’t for Christine O’Donnell. She was broke, and now has 7 million to spend on herself…

It didn’t for the nation of China. Once a third world debtor nation, it now, financially speaking, owns the world.

The only difference between them and now, is that today, Goldman Sachs is selling short on the US Debt, like it did in Greece…

Which means, that if the debt ceiling is not raised, and we are no longer to pay our soldiers their paychecks. that the value of the dollar plummets and Goldman Sachs gets richer and richer the lower it goes…

It’s all about bets… So.. when the bond houses lower our debt rating down from AAA…. houses such as Goldman Sachs who placed bets on our rating getting lowered, profit handsomely… Those who bought those bets, the American people, lose.

We are simply getting played over this debt crises, and the Republicans, stupid as they are, are simply the foils doing their master’s bidding…

Actually the real fools are those people who support the Republican party. But then, even they can’t be held accountable. They are never given the truth and therefore had to make their decisions, based upon a pack of lies…

That is the state of the union as we sit here, Sunday May 15th, and like those a hundred years ago who watched the machinations proceed along the course to World War I, with no one stepping up to say “it’s crazy”… we march to a financial cataclysm in a daze.

Translated: Move all your money out of the market. Store it in bonds. Get back in, when we hit bottom…