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Author Message   Blazewada Mudiripoyina Bewarse Username: Blazewada Post Number: 18974 Registered: 08-2008 Posted From: 111.223.89.209 Rating: N/A Votes: 0 Posted on Thursday, October 03, 2013 - 7:03 am:    most important thing to mention is: However, the debt arguably does not have the protection of Amendment 14, as it was not necessarily lawfully issued, so it may not be default free. That is, in the European context, the Treasury will issue “red” bonds in order to pay the maturing principal and interest on “blue” bonds. The reds turn blue when the debt ceiling is increased. Either a Secretary of Treasury who holds 3 as the overriding instruction or a Chairperson of the Federal Reserve who waves 2 saves the global financial system and at most risks being impeached or fired.