Don’t worry about all the scary things you hear; defaulting on the national debt (a) won’t happen, and (b) is the best thing that could happen to us not-in-the-ruling-class people anyway.
The Ruling Class wants to raise the debt limit not because a default is likely and will cause economic havoc, not because we won’t pay out Social Security checks, and not because it will impair the full faith and credit of the United States. To understand their motivation, just follow the money.
The real reason our rulers want to raise the debt limit is because it makes them rich. Here’s how that works:
- These leaders in the government are either members of the Federal Reserve, or beholden to its members.
- The Fed lends money to the government to cover its spending gap. Raising the debt limit allows them to lend more.
- The money that is lent is created out of thin air by the Fed, which is simply a legalized counterfeiter. Watch this video for the clearest explanation around.
- Taxpayers pay interest on the debt, which money is shared among the member of the Fed.
Thus, the higher the national debt, the more money these guys make. It’s that simple.