China Slaps the United States With a Bankruptcy Notice - Issue #553

You are receiving this e-mail as a part of your free subscription to the Wall Street Daily e-letter. Click here to manage your subscription. Is Bankruptcy a Forgone Conclusion? By LOUIS BASENESE, Chief Investment Strategist Bankruptcy cases in the United States are filed in U.S. Bankruptcy Court, and Federal law governs procedure in all bankruptcy cases. Well, if that's the case, what would happen if the Federal government itself filed for bankruptcy? Who would preside over such a case? As the country's main creditor, would China preside over our bankruptcy since the Federal government would cease to exist? These are very serious questions. Especially when you consider that the Treasury Secretary just warned Congress that the Federal government could run out of money by mid-October. No one really knows what would happen if Washington defaults on its obligations. But the consequences would almost certainly start with a huge spike in interest rates. Confusion and panic would soon follow. To view the extraordinary (yet likely) chain of events that would lead to a bankruptcy scenario, AND... To be the first to witness what a post-collapse America would look like, click here. I think you'll be very surprised. Check that, shocked. Ahead of the tape, Louis Basenese If you enjoy reading our no-nonsense, unbiased research at Wall Street Daily, feel free to share it with your family, friends and colleagues. Simply send them this link, so they can sign up for the TRUTH... for free, of course. Republish Wall Street Daily on your website or blog for free. LEARN HOW If you're having trouble viewing this email, you can access the article on the Wall Street Daily website. Twitter LinkedIn RSS You are receiving this e-mail at IGNOBLE.EXPERIMENT@arconati.us as a part of your free subscription to the Wall Street Daily e-letter. Manage your subscription. Or to cancel by mail or for any other subscription issues, write us at: Wall Street Daily Attn: Member Services 105 West Monument Street Baltimore, MD 21201 © 2013 Wall Street Daily, LLC All Rights Reserved Wall Street Daily, LLC. · 105 West Monument Street · Baltimore, MD 21201 North America: 1.855.405.3939; Fax: 1 410.223.2650 International: +443.353.4052; Fax: +1 410.223.2650 Website: WallStreetDaily.com Wall Street Daily, LLC is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that investment markets have inherent risks and our past performance does not assure the same future results. The stated returns may also include option trades. Protected by copyright laws of the United States and international treaties. This newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Wall Street Daily, LLC. 105 W. Monument Street, Baltimore MD 21201.