Just sharing this. I was struggling with Trump's position on not wanting a debt ceiling passed. Had all negative thoughts. Is he planning to spend to the moon?
Then someone pointed out to me that every time Congress votes to raise the debt ceiling we get billions and billions of pork added to the bills.
Maybe I am just slow, and everyone else had this figured already.
I think maybe he intends to go on a spending spree before he defaults against the Federal Reserve banks.
I don't know what that would do to the economy, but I sure hope he knows what he is doing.
I agree, run it up!! And about the economy, fiat and money In general is a faith based system, it's worth what the population believes it's worth. Lots could have already happened behind the scenes without anyone knowing, as long as certain messaging stays positive, for example.
gme
short sellers (hedge funds)
prime brokers (failed margin calls)
clearinghouses (dtcc)
retail brokers (not your name, not your shares)
fed (final boss, money printer goes brrrrrrr)
just my speculation