Monetary Myths and the Debt Ceiling

Right now the congress is supposedly “debating raising the debt ceiling”.  This video explains…

  • Why the debate isn’t a debate and nothing but political theater
  • Why they will and must raise the ceiling under the current system
  • Why we can never pay off the national debt with the current system
  • Why those calling to not raise the ceiling probably don’t know what they are asking for

Of course I am for elimination of the national debt but capping the debt in a system where money is debt just simply isn’t possible.

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