Posted on 09/30/2021 12:23:48 PM PDT by janetjanet998
Sept. 30 (UPI) -- Treasury Secretary Janet Yellen called for an end to the federal debt ceiling altogether Thursday and shot down lawmakers' idea of minting a $1 trillion coin to avoid defaulting on the debt.
Video of her
US. Treasury Secretary Janet Yellen endorses eliminating the debt ceiling
https://rumble.com/vn5v7z-us.-treasury-sec.-endorses-eliminating-the-debt-ceiling.html
She needs a mouth condom.
That’ll fix that pesky overspending problem. /sarc
Everyone with a brain calls for the permanent end to Janet Yellen. She should be quiet, and stop all that Yellen!
so the bankers are ready to pull the plug on USA and let it go down the tubes
Can I have a credit card with no limit?
Lets get rid of credit limits on credit cards too. What’s good for government should be good for peons too.
NO NO NO! You will NOT bankrupt my Son and his daughters!!
Modern Economic Theory means that the US Government can spend an unlimited amount of money creating debt in the process. The Federal Reserve can “purchase” unlimited amounts of debt by printing money. The printing of this money has zero consequences. That is the theory. It is wrong and clearly false as well as stupid, but that is the theory running the Commie-Rat economics.
Therefore, why does the Federal Government need to collect ANY money from taxes? They could double government spending each year from 5T to 10T, take all taxes to zero, and the Federal Reserve would just “buy” all the bonds.
No!
I call for a permanent end to commies in America
The Deep State Cabal banksters are all for that!
FIAT economics only enrichens a handful of glowBull bankers and industrialists, with their fractional reserve system, and ability to create new money for which ALL our federal taxes pays *off* those that collect and receive it.
The system MUST collapse to bring on the recovery spelled out in N.E.S.A.R.A (and GESARA).
NCSWIC. Nothing.
What would we do without such brilliant central planners?
The debt shall set you free!
Printing $100 on the premise that you will pay back $105 doesn’t always have success. Those interest payments can kill you. And where does that $5 really come from? You sort of have to borrow that too, to pay back what you previously borrowed.
I believe that Lincoln printed “greenbacks” as tender during the Civil War which circulated but were not “borrowed” and never had to be repaid with “interest”. Seems like that experiment performed as desired, but then ended.
And I believe early in the Nazi regime, they printed notes that also were not “borrowed” and never had to be repaid with “interest”. That propped up the Germany economy and turned it into a success story. But they also did not continue that experiment.
I wonder if the US will try to avoid inflation by printing money out of thin air? No need to pay anything back?
I’m not sure it really works, but that doesn’t mean they won’t try.
Unlimited drinks at the bar.
What could go wrong.
Be an industrious and prosperous nation.
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