The Reality of the Debt Ceiling Drama

I have not discussed the debt ceiling talks, other than brief mention in our research publications. The reason why I have not spent time discussing this topic is because it is not really worth mention. In short, it has been a complete fabrication engineered by both parties as a manner by which to muster political power for the 2012 elections.  Certainly. However, the current debt ceiling drama has been engineered in order to mentally prepare Americans to accept cuts to vital programs, while ignoring Bush's tax cuts for the wealthy and continuing the most costly and unnecessary war in history. As a part of these theatrics, politicians from each side of America's fascist government are using the drama they have created in order to further their own political aspirations. Certainly, prior to that time one could argue the dollar’s status as the world currency due to its dominant trade and consumption dynamics. However, it was not until the Saudis began demanding dollar payments for oil that the dollar truly became the universal currency. Shortly after this decision by the Saudis, all of OPEC followed suit.  What is the exception?  Iran.  The newly-launched Iranian Oil Bourse only takes euros for its crude oil. I discussed plans for this oil exchange five years ago in America's Financial Apocalypse. As you can imagine, Iran's oil bourse poses a potential threat to the U.S. economy is other large oil producers follow suit. It is for this reason that the U.S. government has been trying to come up with excuses to invade Iran.   The second largest holder of U.S. Government dent is Japan, with nearly $1 trillion in U.S. debt. Similar to China, Japan holds U.S. debt largely due to its trade surplus with the U.S. In addition, Japan remains America’s top ally, second only to the UK. There is no way Japan would see U.S. debt under any circumstances. The third largest holder of U.S. debt is the UK. The bottom line is that the U.S. faces no risk of a real default at this point unless Washington decides to default voluntarily. Even so, a default would not mean much other than a short-term reaction in the capital markets. This is important to keep in mind because profiteers are drooling as they see the drama unfold, insisting that gold is the solution for investors.

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The Reality of the Debt Ceiling Drama

For instance, late last year Meredith Whitney discussed her ridiculous predictions of municipal defaults on 60 Minutes. The piece was journalism at its worst, designed to create drama and boost the dwindling ratings 60 Minutes continues to receive.



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I then will try to post at least one article every 60 minutes between then and 4 pm (when my daily newsletter goes out). My audience is very much a work-time audience. I will only post at night or on weekends when there's breaking news or if there's



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Dunn: John, you are a Google Switzerland Senior Webmaster Trend Analyst. What exactly does that entail?

Mueller: My primary role is to connect Webmasters with engineers at Google. I try to make sure everyone is speaking the same language and all the feedback we get from Webmasters  is communicated effectively to our engineers.

Dunn: How did you start working at Google?

Carcutt: How are you involved with Google Webmaster Tools?

Mueller: I work closely with the Webmaster Tools team and Sitemap team. We work together on goals that will help webmasters as well.

Carcutt: When I tell people they should be on Google Webmaster Tools, I tell them that it is the only place that Google will communicate with them directly. What are the most common things Google will tell people and what will they receive?

Mueller: There are a lot of things Google Webmaster Tools would send out. If we run into errors when we are crawling your site’s pages, you would receive a notification. Administration messages are also common, for example if there is a new owner for the website or there has been a transfer of Webmasters. All these messages will be shown in Webmaster Tools or you can get them directly forwarded to your e-mail account. Forwarding messages to your e-mail is beneficial, especially if we run into malware on your site and need to notify you immediately.

Carcutt: Now you have to subscribe to this option is that correct-If you want to receive these notifications via email?

Mueller: Yes, you need to opt in to this feature.

Dunn:  Why is this an opt in feature?

Mueller: I think that’s a more or less a historical thing. We didn’t have the ability to have this as an automatic feature at the beginning and didn’t want to add the new option after the fact.

Dunn: What is your favorite part of Google Webmaster Tools?

Mueller:  This is hard to say. I love crawl error information and top search queries. The notifications we send out are a great help, especially if you have malware on your website and need help figuring out where the malware is coming from.

Dunn:  Kudos on notification. I know someone who was notified because their WordPress site was out of date and needed to be updated.


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Tiger Moth World Adventure Park
Offering vintage Tiger Moth and modern aircraft flights along Great Ocean Road, Australia. Also features a family center with amusements, miniature golf, and tandem sky diving.