We have just witnessed another grand hoax, perpetrated on the American People. "If we (government) don't take immediate action (on a problem that the government caused and has been festering for over 150 years) you (the peons) will suffer ill fate".
OH NO! Not the loss of a letter A! They've replaced an A with a plus symbol? It's the eighth sign of the apocalypse! Oh crap, there were only supposed to be seven. We're doomed!
Seriously, what has really changed since Thursday? The entire world has known for a very long time that we would never be able to repay $14.5 trillion of debt. On Friday, our ability to repay that debt had not changed in the least. We lacked the ability to repay 10 years ago, five years or five months.
What we need to pay very close attention to is what follows. Not how the markets react, but how those who have created the problem react. The chess pieces are being moved at a more rapid pace, but hopefully the People are finally realizing the pieces and the board belong to the elite and they are rigged. Hopefully, the People will finally understand we aren't bound to the game. We can stand up and toss the board into the air. The simple removal of that A might well be 2011's shot heard round the world.
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