Something is brewing with the debt ceiling causing a default on July 31th (in a few weeks)

posted 3 years ago by izaLT8Kg 3 years ago by izaLT8Kg +42 / -0

From a video on YT (sorry!) - channel not associated with this movement but good explanation.

https://www.youtube.com/watch?v=iKuHPtYOsfs

What do you guys think?

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– redtoe-skipper 6 points 3 years ago +6 / -0

Debt ceiling is a paper tiger, made to keep you busy and distracted. If you research debt ceiling, you will find it will ALWAYS accommodate the needs.

My God the debt!

26 trillion Federal Reserve Notes is nothing. Toilet paper has more value and most of it is digits on a screen.

How do you set up a financial hospice to alleviate debt ailing entities (banks as an example)?

Who owns the Federal Reserve Note?

Who owns the debt instruments exchanged for FRN's?

What happens to the value of those instruments when the denomination is ran into the ground?

Can it have a negative value? ( see price of oil in 2020) What does ZIRP and NIRP signal?

Think! And be aware of what happened when you first saw it. What was your emotional response? Why?

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– chicagotrauma 1 point 3 years ago +1 / -0

You post like Q

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– redtoe-skipper 3 points 3 years ago +3 / -0

Asking questions that are geared towards research and logical thinking, and trying to pierce the veil of fiction?

In your estimation, is that a good or a bad thing?

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