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And this is how the U.S. Treasury would handle an economic collapse.
It's called the 6900 series of protocols. It would start with declaring a force majeure, which would immediately be interpreted by
the marketplaces as a de facto repudiation of debt. Then the SEC and
the various regulatory exchanges would anticipate the market's
decline, hour by hour
Let Parliament debate the British bail-out
Let Parliament debate the British bail-out
Telegraph.co.uk, United Kingdom - Sep 28, 2008
This is force majeure, something the Government, surely, wishes it was not having to do. It is bizarre for ministers to seek to make a virtue out of such a ...
“That snapshot in time preceded by minutes, hours and days a significant force majeure in the financial markets,” says Bill Greener, a Republican strategist and adviser on the poll.