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With the extension of the U.S. debt ceiling looming, ones head can spin listening to explanations as to why it is important to do the extension or not. At some level, most people understand the concept of too much debt and living beyond ones means. The difficulty is that these conversations quickly become mired “in the weeds” with the jargon of economists and Wall Street types. The listeners and readers quickly lose interest. The numbers are huge, but isn’t the deficit about other people?
The answer is no.
It is about us, collectively. But the impact will be felt disproportionately by each person, and each family.
Let’s start with the foundation. Our financial system is underpinned entirely by debt .
If you take a dollar out of your wallet, you will see that it says “Federal Reserve Note”. That means that someday, someone might repay the underlying debt that is behind the issuance of the dollar. It was not always that way. Not too long ago, dollars could be converted into physical silver at banks. Countries could convert their dollars into physical gold.
As the U.S. approaches $30 trillion in debt, the prospects of the debt being repaid are rapidly fading in the rear-view mirror. The financial system is rigged against the average person. It is many interwoven cons, some of which have European roots going back 250 years, metastasizing into a gigantic wealth harvesting machine victimizing the ordinary citizen in favor of the operators of the “machine”.
So what does that dollar mean to you? The piece of paper represents an unfinished transaction . You don’t need to understand the intricacies of the “cons”. You just need to take actions that are founded on this concept.
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When two people enter into an exchange of goods and services, it would be rare for both people to concurrently desire exactly what is being traded and in identical quantities. If I am selling potatoes and the other person is selling oranges, we need some medium of exchange to effect the transactions. That medium of exchange is the dollar (or other “fiat” currencies).
One person can exchange that […]
Click here to view original web page at thenationalpulse.com
They’re Trying to Shut Us Down
Over the last several months, I’ve lost count of how many times the powers-that-be have tried to shut us down. They’ve sent hackers at us, forcing us to take extreme measures on web security. They sent attorneys after us, but thankfully we’re not easily intimidated by baseless accusations or threats. They’ve even gone so far as to make physical threats. Those can actually be a bit worrisome but Remington has me covered.
For us to continue to deliver the truth that Americans need to read and hear, we ask you, our amazing audience, for financial assistance. We have a Giving Fuel page to help us pay the bills. It’s brand new so don’t be discouraged by the lack of donations there. It’s a funny reality that the fewer the donations that have been made, the less likely people are willing to donate to it. One would think this is counterintuitive, but sometimes people are skeptical because they think that perhaps there’s a reason others haven’t been donating. In our situation, we’re just getting started so please don’t be shy if you have the means to help.
Thank you and God bless!
JD Rucker