The Contrived Drama of the Debt Ceiling

[Silver Shield]

This little article I wrote for the blog got picked up by Alex Jones and PrisonPlanet.com

If you can go there and post a comment so maybe they will keep supporting the site.

Pretty cool though.

http://www.prisonplanet.com/the-contrived-drama-of-the-debt-ceiling.html

The Contrived Drama of the Debt Ceiling

SILVER SHIELD
Don’t Tread On Me
Jan 7, 2011

Let the contrived drama of the debt ceiling begin for the American people.

We are within weeks of hitting the national debt ceiling (soon to be floor) of $14,294,000,000,000.00. There will be great political drama. The media will be breathlessly cover it. The American people chew their finger nails into nubs, waiting to hear their fate. I hate to be the bearer of bad news, (actually it like it ) but the debt ceiling will be raised as we head off the cliff of hyper-inflationary depression.

Here is why it will happen, our monetary system must create more money every year in excess of the debt and interest accrued the previous year.

Let that sink in for a little bit.

For in our system, money is debt.

When debt is created, money is created.

When debt is paid off, money is destroyed.

In order to truly understand this, one must see how money is created. So let’s say the government needs a ridiculous amount of money, say a Trillion dollars, to cover the deficit this year. In order to get this Trillion dollars, the US Treasury goes to the privately owned central bank the Federal Reserve and asks for a Trillion dollars. The Open Market Committee of the Fed says “no problem”, they just want a Trillion dollars in US Treasury Bonds. The Treasury issues a Trillion dollars of debt at 5% for a year. The Fed creates a Trillion dollars out of thin air and credits the Treasury’s account the Trillion dollars. The Treasury spends the money into the economy paying for wars, social security, and groping TSA agents.

If one sees that at the very beginning of our system, before the very first dollar enters the economy, debt MUST be created. What is worse, only the principal is ever created. (In the scenario above, only the Trillion dollars.) But the 5% interest, the $50 billion, does not exist in the entire economy. The ONLY way that interest is paid for is for, more debt/money has to be created in excess of the principal and interest that was accrued the year before.This is why everyone and everything is in debt.

If we were to pay off that Trillion dollar debt, two very bad things would happen.

Read more and comment... http://www.prisonplanet.com/the-contrived-drama-of-the-debt-ceiling.html

[Silver Rocket Bitches!]

That was a pretty good article you wrote, good job.

I posted a comment on there. For once it wasn't anything about AJ's wife. ;D

[madfranks]

Awesome job! Can I ask, how did you get published there? Did you just email them your article and ask them to publish it?

[mamboni]

Outstanding! The words of Keynes, when asked to describe fiat money creation, come to mind (paraphrased): it is a process so simple that the mind is repelled.

[Shami-Amourae]

They quoted my YouTube post (http://www.infowars.com/establishment-runs-defense-for-high-fructose-corn-syrup/) yesterday, but this is a bigger deal. Good to see you get more exposure!

[Book]

And the power behind the scenes calls all of the shots, so long as they fool the audience, the American people.

Are they jewish? Do they have names?

:)

[Apparition]

I'd be surprised if it wasn't raised.

The bankrupt governmental schemes and wars have to financed somehow.

[Silver Shield]

http://www.businessinsider.com/the-contrived-drama-of-the-debt-ceiling-2011-1

It got picked up again... :)

[Silver Shield]

Awesome job! Can I ask, how did you get published there? Did you just email them your article and ask them to publish it?


As you all know full well my banging my head against the wall trying to get someone to promote the Academy...

I have had a good many conversations with many of these sites.

Many of them love the idea and looked for ways to support the project without throwing the full endorsement behind it.

My hope is that if I post good stuff for them they will take interest and maybe something later, who knows...

[Silver Shield]

And the power behind the scenes calls all of the shots, so long as they fool the audience, the American people.

Are they jewish? Do they have names?

:)

Thanks for your support... ;)

[Serpo]

Congrats on the scoop.......

[Libertytree]

Kudo's SS, well done!

[jimswift]

That's awesome SS, congrats.

Man, if this piece could go viral. :o

It explains to anyone who has a semblance of understanding of the FED or what a FRN is, how it all works.

I think a better understanding of interest as math and not in a financial context would do people some good as well.

[Libertytree]

That's awesome SS, congrats.

Man, if this piece could go viral. :o

It explains to anyone who has a semblance of understanding of the FED or what a FRN is, how it all works.

I think a better understanding of interest as math and not in a financial context would do people some good as well.


That's a good idea.

[k-os]

http://www.businessinsider.com/the-contrived-drama-of-the-debt-ceiling-2011-1

It got picked up again... :)


Good job Silver Shield! Way to go, man!

[Silver Shield]

http://www.businessinsider.com/the-contrived-drama-of-the-debt-ceiling-2011-1

It got picked up again... :)


Good job Silver Shield! Way to go, man!

You posted on Businessinsider.com a second before me...
Thank you.

[Silver Shield]

That's awesome SS, congrats.

Man, if this piece could go viral. :o

It explains to anyone who has a semblance of understanding of the FED or what a FRN is, how it all works.

I think a better understanding of interest as math and not in a financial context would do people some good as well.

A couple of smaller blogs picked it up since it is the bigger sites.

I don't think it is really a viral piece, but it has been an exciting day.

[MNeagle]

Kudos to you!

[ximmy]

Great job!!! Congrats dude!!!

[jaybone]

I'd be surprised if it wasn't raised.

The bankrupt governmental schemes and wars have to financed somehow.


Or, it won't be raised, giving great cover for a catastrophic default.
"It was those wacky tea partiers, we told them it would be a mistake, now we had to default and interest rates skyrocketed!"

I think they will raise the limit, and will again, and again, until the time comes when THEY decide to pull the plug.
Is it time to pull the plug now? I dunno, if it is then I am as ready as I will ever be.

[woodman]

Good to see you get some recognition SS. Jolly good show.

The Federal Government is the borrower of last resort. They will keep borrowing and keep raising the debt ceiling. They have to. The whole thing will implode if they don't. They will keep doing it until they can't. The whole drama being played out is the death throws of the fiat system. It is like a star dying. It becomes grossly enlarged and consumes everything in it's dying. Then it supernoves into non-existence. Hyper-inflation.