The globalists are using fear to scare people into accepting yet another increase in the debt ceiling which is currently around $14 Trillion minus unfunded liabilities like Social Security. What none of these clowns will tell you is that this debt is manufactured from the Federal Reserve that creates all of this debt based money out of nothing. On top of that, the Federal Reserve charges interest on top of the money that they create out of nothing which forces the average American to pay income taxes to pay for the interest. This endless cycle of debt and enslavement could be ended if the U.S. government decided to issue their own debt and interest free treasury notes and did not borrow money from the privately run Federal Reserve.
Here’s what Austan Goolsbee the chairman of the U.S. Council of Economic Advisers said regarding the debt ceiling issue. Goolsbee is essentially claiming that the world will end if we don’t raise the debt ceiling which is ridiculous.
Austan Goolsbee, chairman of the U.S. Council of Economic Advisers, said if Congress fails to raise the debt ceiling, the “impact on the economy would be catastrophic.”
“I don’t see why anybody’s playing chicken with the debt ceiling,” Goolsbee said today on ABC’s “This Week” program. “If we get to the point where we damage the full faith and credit of the United States, that would be the first default in history caused purely by insanity.”
Monetary Revolution Begins with Competing Currencies