ES Journal - 2023/2024

[Buy1Sell2]

Where are you getting this info? Show me the link.

Section 4 of the Fourteenth Amendment, the “Public Debt Clause,” expressly provides that “[t]he validity of the public debt of the United States, authorized by law, . . . shall not be questioned.” This broad language makes clear that the country must pay its debts; the failure to do so will call into question the “validity of the public debt” and impair the fiscal integrity of the nation — exactly what the Framers of the Fourteenth Amendment were trying to prevent.

 

[Overnight]

Section 4 of the Fourteenth Amendment, the “Public Debt Clause,” expressly provides that “[t]he validity of the public debt of the United States, authorized by law, . . . shall not be questioned.” This broad language makes clear that the country must pay its debts; the failure to do so will call into question the “validity of the public debt” and impair the fiscal integrity of the nation — exactly what the Framers of the Fourteenth Amendment were trying to prevent.

The Constitution is wrong. According to Piezoe, the US does not have any public debt. Period.

 

[Cessna06P]

The Constitution? Seriously? It's over.

 

[Cessna06P]

This broad language makes clear that the country must pay its debts; the failure to do so will call into question the “validity of the public debt” and impair the fiscal integrity of the nation —
...............And pay its debts in what? Money is supposed to be a representation of value, of labor of the people. They print it out of nothing, this is not money. There will be an end to this and it will not be pretty.

 

[c1rcle]

Do you have a chart to post for this? I realize it hadn't completed yet, but I would like to look at what you were seeing.

I was looking at the below and thought a reversal at the 0.5 fib 3935 level would make a nice H&S on the 4 hours. The hourly RSI was also quite high at the time. But as soon as I posted it just took off much higher so it was a dud call in the end.

 

[Overnight]

The Constitution? Seriously? It's over.

 

[Cessna06P]

I question the "validity of the public debt" answer me how?

 

[Overnight]

I question the "validity of the public debt" answer me how?

You need to ask @piezoe He has all the answers on this deal.

 

[Cessna06P]

Yep, it is only a matter of time, when it happens /ES long or short won't matter.

 

[schizo]

Section 4 of the Fourteenth Amendment, the “Public Debt Clause,” expressly provides that “[t]he validity of the public debt of the United States, authorized by law, . . . shall not be questioned.” This broad language makes clear that the country must pay its debts; the failure to do so will call into question the “validity of the public debt” and impair the fiscal integrity of the nation — exactly what the Framers of the Fourteenth Amendment were trying to prevent.

But there's nothing in the clause that says the U.S. must pay it's debt. It only states that it's "validity" is beyond doubt and shall not be questioned (whatever that means).

Anyway, we all know that clause is dependent on what the Congress does. If they don't raise the debt limit, as you probably already know from all the news buzz of late, then the U.S. risks defaulting on its debt. Yes, they will pass the bill, as they've always done at the last minute. But that doesn't mean one day it might all break down.