The debt ceiling, what purpose does it serve?

in #politics7 years ago

Debt-Limit-450x293.jpg

The government just suspended debt ceiling again till December. Why bother. The government will continue to spend likes their is no tomorrow and the Federal reserve will continue to print and print (mostly digital) money. The government can ill afford not to raise the debt limit. A default on it's bills would send the world into an immediate tail spin.

Just have congress eliminate the debt ceiling saying that it was a function of the past and does work anymore in the modern economic times. The vast majority of sheeple will applaud this move especially the Keynesians economists.

The dollar is on it's way out anyhow and a crash is inevitable . The total US debt is un-payable ever since the federal reserve took over the US economy in 1913. Soon there will be people using $1,000 dollar bills instead of hundreds, $10 dollar bills will replace the $1 dollar bill. At least this will be a slow crash and give some more people time to prepare.
See this for a partial overview. https://steemit.com/steemsilvergold/@anothervoice/greg-hunter-weekly-news-wrap-up-9-8-17-latest-posts-debt-deal-with-dems-what-does-trump-see-coming-dollar-dump-gold-pop

To quote Remy from his video raise the debt ceiling "I got a monetary plan, and it involves a lot of toner"
So lets eliminate the debt limit, start spending and bring on the crash so we can hang the bankers.

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