If the US cannot pass a budget, the world financial order could go into a tailspin. Bernanke has been warning congress about this, but do they even have the smarts to get it?
If such a crisis occurs, it would be a golden opportunity for disaster socialism to nationalize the oil industry and break up the banks, or, a platinum opportunity for disaster capitalism and declare martial law and a fascist police state. Good thing Obama is in office and not some nut-case corporatist, eh?
"The "National Security and Homeland Security Presidential Directive" was signed May 9, notes Jerome R. Corsi in a WND column.
It was issued with the dual designation of NSPD-51, as a National Security Presidential Directive, and HSPD-20, as a Homeland Security Presidential Directive.
The directive establishes under the office of the president a new national continuity coordinator whose job is to make plans for "National Essential Functions" of all federal, state, local, territorial and tribal governments, as well as private sector organizations to continue functioning under the president's directives in the event of a national emergency.
"Catastrophic emergency" is loosely defined as "any incident, regardless of location, that results in extraordinary levels of mass casualties, damage, or disruption severely affecting the U.S. population, infrastructure, environment, economy, or government functions.""
http://www.wnd.com/?pageId=41729