More thoughts on the showdown going on in Washington over the debt ceiling

..”There’s not enough money in the bank to write that check to Granny to cover the monthly social security check owed to her, but hey let’s go get another credit card so we can give everyone health care…”(don’t get me wrong, at this point in the game we HAVE to raise the debt ceiling to prevent a total collapse, BUT…if we don’t start making changes to our money it won’t matter, the collapse will be inevitable..the problem is not the size of our debt, the problem is that we do not own our own money. THE FED IS A PRIVATE BANK.)

 

It’s a fundamental misunderstanding of the way money works for us to think we can sustain any quality of life by raising taxes and increasing a debt that would have already bankrupted us a long time ago if we weren’t the only country in the world who can literally print our own money.

 

It’s a fundamental misunderstanding of logic to think we can default on our debts and not collapse the global economy.

 

When Obama preached “change,” he obviously wasn’t talking about change to our nation’s financial statement. We are doing the same things that got us into this mess..QE3 Here we come..PS: it didn’t start in 2006, 2007 or even 2008.. It started in 1913 when the Federal Reserve pushed through our government and took control of our nation’s money supply.

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2 comments on “More thoughts on the showdown going on in Washington over the debt ceiling

  1. true that – also, as long as america can print our own money there is no way we can default. but once the rest of the world loses all confidence in the dollar(which they are rapidly losing), America’s debt obligations are toast. We can make our debt smaller by devaluing our currency, but once our currency is dumped it’s going to be hard for us to keep getting all of the goods and services from other countries they way we have known our whole lives

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