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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
We Often Feel Like David Taking on Giants
Today’s Goliath is the Mainstream Media Industrial Complex that brainwashes the masses.
Our mission is very straightforward: To counter the false narratives and nefarious agendas destroying America today. It isn’t easy for obvious reasons; despite incredible growth over the last year we are still a very tiny fish in a huge media pond. But we’re fighting and we will continue to do so, Lord willing, for as long as we possibly can. The battle for America’s present and future is too important for us to back down to the giants that stand in our way.
We need help. I don’t want to say “desperately,” but the need is definitely great. If you have the means, please donate through our GivingFuel page, PayPal, or our Substack page. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!
JD Rucker
