This is a quote from the recent James Turk Interview on kingworldnews.com
"When they start QE3, the Us dollar index will plunge to new lows. Gold will also be at a record high by then as well. The scary thing is they are going to shove through this debt limit increase one way or another. If there is an impasse in Congress with Tea Party Republicans holding the line, word has come from Washington that President Obama will use the 14th amendment to declare the debt limit as unconstitutional. By removing this last piece of discipline, that will open the floodgates and will be the tipping point to send the dollar into oblivion and gold and silver into the stratosphere.”
DPH comment: That's a sickening thought regarding the 14th amendment but seems entirely plausible given our situation and the current element that now inhabits Washington DC and masquerades as our leadership. We all know this will come down to a last minute deal or a extension at the deadline and then just ram something through that hopefully they will have read first.
IMO, Obama(Spock) has this thing with "fair' and how everything (the constitution?) was constructed to work against the most vulnerable people because it was blah blah blah etc. He'll have his reasons.
Listen, Obama is all about class warfare from a historical stance and was a constitutional professor at one point. If he goes the route that Turk outlines, O'Bummer's ego will force him to use his academic superiority on the constitution to state his case. I can easily see that happening from this Administration and his ego. They are trying real hard to fundementally steer this country into a totally different direction where the nanny state controls everything, including prices and wages. I believe that's what they are ultimately after if unemployment will never get to acceptable levels again. Competiton for jobs will cause wages to fall and a lack of stable, good paying jobs will cause people to settle for less and they will have less to pay for ever increasingly expensve goods and thats when the Nanny steps in tocontrol and fix prices and wages. More fairness.
You see, in their liberal world, they are always right and they will correct whats not fair and the rest of us just don't understand the error of our ways in letting a 200 year old document rule us. You better believe that a Constitutional lawyer and professor would be the one person in this country who would love to change what they have studied for so long and have very strong beliefs and opinions on.
Now, does anyone still think that O'bama wouldn't be the one person who would attempt this at a historic point in our countries fiscal future during a time of crisis?