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What happens if the U.S. defaults?

July 28, 2011 Comments off

cbc

Blank U.S. Treasury cheques are run through a printer at the U.S. Treasury printing facility July 18 in Philadelphia.The first payments that stand to be affected if the U.S. government defaults on Aug. 2 would be some $23 billion US in Social Security benefit cheques. Blank U.S. Treasury cheques are run through a printer at the U.S. Treasury printing facility July 18 in Philadelphia.The first payments that stand to be affected if the U.S. government defaults on Aug. 2 would be some $23 billion US in Social Security benefit cheques. (William Thomas Cain/Getty)

How a default would unfold immediately appears relatively straightforward. It’s the reaction that no one can predict, because it’s never happened before.

The first move will be made by the U.S. Federal Reserve. The Fed is the Treasury Department’s bank, handling government cheques and lending to banks which borrow using U.S. Treasury debt as collateral.

One day — the U.S. government has estimated it will be Aug. 2 — the Fed will serve notice on the government that its account at the Fed will be in overdraft by the end of the day, in violation of the Federal Reserve Act.

On Aug. 3, some Read more…

Black Helicopters Seen In Multiple States As Pentagons Deployment Of 20,000 Troops Inside United States Set To Be Ready This Year

July 28, 2011 3 comments

The Intel Hub

I can personally say that I have witnessed this with my own eyes as I reside in Austin, TX.  Almost daily I have seen unmarked helicopters in pairs of two or three with one usually being a Chinook hovering at low altitudes as I feel the vibration through the walls of my house.  It usually it occurs after 2PM and during the evening hours before sunset. -Crisisboom

Note: Both The Washington Post and Russia Today reported in 2008 that the Pentagon was training 20,000 troops to be deployed inside The United States to serve as a response to a mass terror attack or civil unrest following an economic collapse.

Since our groundbreaking article, Pentagon To Deploy 20,000 Troops In CONUS For Civil Unrest, we have received many different tips and eye witness accounts related to the possible deployment of foreign and/or American military to quell civil unrest inside the United States as well as a reports of a growing number of large, unmarked black helicopters.

Activist Post, a great website that has supported The Intel Hub from the beginning, also received some significant tips from their version of our article that they posted:

There have been massive large black helicopters flying over my city of Boulder, Colorado at sunrise; the helicopters have two large propellers,they appear to be transport helicopters. This hasn’t happened before; they fly in Read more…

Cosmic Turnaround As Earth Tracks Trojan Asteroid

July 28, 2011 Comments off

irishweatheronline

Astronomers have discovered the first known “Trojan” asteroid orbiting the sun along with Earth.

The 300-metre-wide (1,000 ft) asteroid is located approximately 50 million miles (80 million kilometres) from earth and was discovered by astronomers studying observations taken by NASA’s Wide-field Infrared Survey Explorer (WISE) mission.

The asteroid’s orbit is well-defined and for at least the next 100 years, it will not come closer to Earth than 15 million miles (24 million kilometres).

The findings will be published in the July 28 issue of the journal Nature.

Trojans are asteroids that share an orbit with a planet near stable points in front of or behind the planet. Because they constantly lead or follow in the same orbit as the planet, they never can collide with it. In our solar system, Trojans also share orbits with Neptune, Mars and Jupiter. Two of Saturn’s moons share orbits with Trojans.

Scientists had predicted Earth should have Trojans, but they have been difficult to find because Read more…