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463

Six pack and lawn chair at the stand by.

Six pack and lawn chair at the stand by.

(post is archived)

[–] 2 pts (edited )

They HAVE to raise the debt ceiling. The debt accrues interest. They literally have to take on more debt in order to pay the interest on the existing debt. They could cut spending, but they would still have to tax just to pay the central bank's interest earnings.

The game is rigged to force them to borrow more, which creates inflation, devaluing everyones' money. It's a wealth redistribution scam where they steal money from the people with US Dollars, the fed banks take their 6% cut, the other banks take their grift, and the politicians give whatever is left to their cronies.

The way to end the scam is to abolish the Federal Reserve Act, have the Treasury directly print currency, and put strict controls around it so that politicians can't just print up money to give away to the people bribing them.

[–] 2 pts

No they don't. They could stop spending ever larger amounts, massively cut stupdity of spending, and pay down the debt. They CHOOSE not to. But they absolutely do not HAVE to increase the ceiling.

[–] 2 pts

fed is private company. fed prints money. fed loans money to government at interest. there is literally no way to "pay down" debt when every dollar you ever got was loaned to you with an interest rate.

this is fucking 2008 r/conspiracy tier shit. how do u not know this?

[–] 0 pt

lol. Yes, but that has nothing to do with what I stated.

How do you not know this?