U.S. Debt Ceiling -- A Glass Ceiling That's Made To Be Broken

[Brian4Liberty]

U.S. Debt Ceiling -- A Glass Ceiling That's Made To Be Broken

Here we go again! Talk of the so-called "debt ceiling" is back. Of course, shrinking the size and scope of government is not on the table. It never is. The federal government is $28 trillion in the red as it is. Why stop now? Well, logic, mathematics, economic laws, and all of recorded history indicate that the wrong road is being taken.

[osan]

U.S. Debt Ceiling -- A Glass Ceiling That's Made To Be Broken

The national debt is irrelevant and of no necessary consequence... which, of course, is not to say that unpleasant consequences can't befall us.

Because a dollar is literally nothing at all, save a promissory note, and given that the promises have been made with absolutely no actual authority by a tiny body of men purporting to speak for the rest of us, our so-called "debt" does not perforce have to be a problem for anyone, save perhaps the central banks. If the world turns its back to those institutions in sufficient unison, there is (at least in principle) little to nothing they could do about it.

The disturbingly dangerous bit there, however, lies in the question of where did all those decades of Pentagon "black budgets" actually go? Given the current state of our technologies, those of the CRISPER ilk most especially, those banks could in theory hold in their hands the effective military might of all the world's armies summed and multiplied many times. Vast legions of troops, replete with uniforms, rifles, training, tanks, aircraft, artillery, naval vessels, missiles, and nuclear warheads are easily identified, located, targeted, and reduced through gross warfare.

But a cabal of mass murdering loons with perhaps hundreds of even thousands of strains of deadly organisms may lie hidden in plain sight, their dangerous instruments requiring naught but release into the environment, where nature will take care of all the rest.

A bit of a digression, but it all relates to the current global power structures and what might be precipitated upon those who dare threaten them.

As to the rising "debt", once again I assert it is of no necessary concern, provided certain conditions hold, the two main such stipulations being that basic ratios be maintained, and Theye refrain from foreclosure.

We're dealing with pure bull$#@! here in terms of our currencies; debt instruments backed by nothing and representing nothing beyond the lie that this all is. Therefore, so long as we retain disk space, we can expand the "money" supply without practical limit, and so long as the ratios are maintained, such that purchasing power remains within some tolerance of the overall representations of wealth, the world can go on as we currently find it, indefinitely. If on Monday I make $1,000 per year and a loaf of bread costs me $0.10, and on Tueday I am making $10,000 per year, it matters no great whit that the same loaf of bread now costs me $1.00 because my purchasing power has not changed. This is something far too many people fail to grasp. This is not to say that such inflationary events are innocuous - far from it. But I do assert that if the rest holds well, the ill-effects of such circumstances can be neutralized with some skill and effort. It is, of course, far and away better not to have such things occurring, but this is where we live today and people would be well behooved and served to learn what needs the learning.

If Theye were to attempt to foreclose in any obvious manner, they would risk the lives of their very children. But so long as Theye can successfully hold the Damoclean sword of false debt over the heads of the elected, whether those be corrupt or simply hamstrung, Theye are able to rule from the shadows. The key there, of course, is to beat the dog just enough to keep it obedient, but not so much as to set it to believing it has nothing to lose.

So I say let Themme run up as much debt as they want. We are already so deep in the kimchee that I believe the best trajectory now is to ride this bitch until the wheels fall off. We went this far into it, which is loosely analogous to a mortgage of sorts - to pay it all off now would be to bear all the burdens of the debt without enjoying any of the benefits. After about midway to 2/3 of the way through one's 30-year mortgage, it no longer makes good sense to pay off the remainder because it is almost wholly principal at that point. So I say keep going until the ship sinks. Anyone with brains will work toward elimination of their personal debts and acquiring material means of prospering in a world that likely has little to no choice at this juncture but to wither and rot. Equipping one with land, farming equipment, tooling, whether it be machinery, a forge, and so forth such that you will have the means and abilities to add value such that others will trade with you... this is wisdom in an age where uncertainty is the cornerstone of daily life - uncertainty at the hands of capricious wannabe whipmasters who now paint their truer intentions on the proverbial subway walls for all to see. Theye want it all and have no desire to share with Kissinger's "useless eaters". They erect stone monuments telling all of us that we are not welcome on this world and that only they hold valid claims to it.

If course, none of our efforts may make a lick of difference in the end if Theye end up with armies of software-driven automatons tasked with seeking the few stragglers who had the nerve to prepare themselves for tough days, and air them out.

Only time will tell, but until then I say don't worry about the debt and make what preparations you are able in the face of a world that may collapse, whether "organically" or through artifice.

And on that cheery not, I bit thee all a fine day. Don't let the bedbugs bite.

[Brian4Liberty]

...Therefore, so long as we retain disk space, we can expand the "money" supply without practical limit, and so long as the ratios are maintained, such that purchasing power remains within some tolerance of the overall representations of wealth, the world can go on as we currently find it, indefinitely. If on Monday I make $1,000 per year and a loaf of bread costs me $0.10, and on Tueday I am making $10,000 per year, it matters no great whit that the same loaf of bread now costs me $1.00 because my purchasing power has not changed. This is something far too many people fail to grasp. ...

Certainly, if those ratios were to hold. As Ron Paul and others often say, the purchasing power of the average person does diminish. Labor costs (wages) are incredibly sticky, and they do not easily go up. On the other hand, prices of goods can skyrocket over night. Wages may catch up eventually, but meanwhile purchasing power is at least temporarily destroyed, be it for one week or one century.

[osan]

Certainly, if those ratios were to hold. As Ron Paul and others often say, the purchasing power of the average person does diminish. Labor costs (wages) are incredibly sticky, and they do not easily go up. On the other hand, prices of goods can skyrocket over night. Wages may catch up eventually, but meanwhile purchasing power is at least temporarily destroyed, be it for one week or one century.

Theye have been doing precisely this for a long year with the artificial boom/bust cycles.

[Brian4Liberty]

Theye have been doing precisely this for a long year with the artificial boom/bust cycles.

I would add that they have been able to increase wages for the lowest paid workers via temporary UBI under the guise of enhanced UI and stimulus payments. Their way to screw anyone making grown-up wages (middle class) and enlist the support of the lowest paid workers.