There no way for the debt ceiling could ever go down. Wow do you pay a debt with a debt? The only thing propping up the whole system is debt. What you call dollar is not a dollar from the Unit State Treasury, it is a note from the Federal Reserve that is not even part of the government. Think about this: If I make all the money like the Federal Reserve. Then lets say I lend you $100,000 at 10% interest. Now you owe me $110,000, so you come and borrow more money because you have to keep going and pay something on your debt. So you borrow another $100,000. Now you owe me $220,000 then you pay the interest of $20,000 from what I have given you, remember I make the money so I have the money and you can only come to me for more. You still owe me $200,000 where are you going to get it? This is a system of madness, designed to fail and default. To buy time and keep going you can only barrow more, raising the debt ceiling.
Posted on: Tue, 15 Oct 2013 01:15:51 +0000
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