You’re looking at this far too simply, it is not the spending that gives them power, they have power whether the debt exists or not, defaulting only solidifies it because WE the middle class and lower class will be the hurt by it. Our 401ks, pensions and savings will be rendered nearly valueless while the elites will continue to keep their power.
Trump also had the majority in the house, senate and obviously he was POTUS and he didn’t default on the debt, if it wasn’t clear before that should tell you that defaulting on our debt is a terrible idea. The US is only wealthy because we have power and influence, but a default would be a massive crack that would make us unable to compete in a global market. I’m also disappointed that you think military strength matters anymore, wars are no longer fought with boots on the ground, the future is cyber, economic, and biochemical warfare. Even if boots on the ground did matter, no one is going to fight in a military that can’t cut them a paycheck big enough to provide them the basics, which will occur if we get into a situation where hyper inflation renders our currency worthless ala Germany 1923 or Venezuela 2016.
Understanding how Fed controls everything, and the Central bank fractional reserve economy is a ponzi scheme is pretty crucial to understand the perspective in this board.
How exactly Fed is going to be destroyed and what would be the new system thats going to replace it? How will the transition occur? These are good questions worthy discussing.
But if your goal is to convince people that playing within the construct created by Fed is a good idea, you are in the wrong place.
BTW, I am just curious - are you getting anything of value from this place?
You’re looking at this far too simply, it is not the spending that gives them power, they have power whether the debt exists or not, defaulting only solidifies it because WE the middle class and lower class will be the hurt by it. Our 401ks, pensions and savings will be rendered nearly valueless while the elites will continue to keep their power.
Trump also had the majority in the house, senate and obviously he was POTUS and he didn’t default on the debt, if it wasn’t clear before that should tell you that defaulting on our debt is a terrible idea. The US is only wealthy because we have power and influence, but a default would be a massive crack that would make us unable to compete in a global market. I’m also disappointed that you think military strength matters anymore, wars are no longer fought with boots on the ground, the future is cyber, economic, and biochemical warfare. Even if boots on the ground did matter, no one is going to fight in a military that can’t cut them a paycheck big enough to provide them the basics, which will occur if we get into a situation where hyper inflation renders our currency worthless ala Germany 1923 or Venezuela 2016.
I think you will get a different perspective if you dive into the Federal reserve rabbit hole. And in Q's words:
u/#q2619
Understanding how Fed controls everything, and the Central bank fractional reserve economy is a ponzi scheme is pretty crucial to understand the perspective in this board.
How exactly Fed is going to be destroyed and what would be the new system thats going to replace it? How will the transition occur? These are good questions worthy discussing.
But if your goal is to convince people that playing within the construct created by Fed is a good idea, you are in the wrong place.
BTW, I am just curious - are you getting anything of value from this place?