Seven Years and Nothing has changed. Congress is Still Scamming the American People...and Themselves
hanksullivan.substack.com By Hank Sullivan
[I wrote this piece in 2017 to explain the “Raising the Debt Limit” Scam. In seven years, nothing has changed. It is still a scam and the American people are falling for it…again. And so are many of your legislators. A couple of months ago, I tried to explain the scam to Georgia 9th District US Congressman Andrew Clyde. The congressman had so bought into the scam, however, thinking that it is real, that when confronted with what really is true, his answer was not to listen, but was to try to explain back to me what money is and how it comes about. Uh…I know what money is like few others, but the good congressman, like so many others, has scales on his eyes and apparently has chosen to remain under a strong delusion. And make no mistake, it is a choice. You have that choice as well, to wipe the scales from your eyes and see clearly what is happening, or to remain under a spell cast upon you for as long as you might remember. Here is what I wrote seven years ago:]
Last week President Trump tweeted, “I requested that Mitch M & Paul R tie the Debt Ceiling legislation into the popular V.A. Bill for easy approval. They didn’t…Could have been so easy-now a mess!”
Trump seemed awfully cavalier about raising the debt limit, didn’t he? Isn’t raising the debt limit a really big deal? Isn’t it capitulation by all conservative-minded Americans? Isn’t raising the debt limit tacit approval for the US Government to even further exceed its Constitutional boundaries? Well, maybe. But more importantly, the ‘raising the debt limit’ debate is just another scam on the American people, perpetrated by those we elected to represent us in DC, another reason they all must be replaced.
The periodic raising of the so-called “debt limit” is simply the natural order of things anytime a national government chooses to carry out its financial responsibilities under a private banking system rather than a truly sovereign, national monetary system. The banking system in our case is that of the Federal Reserve.
Although it could if it chose, the US Government does not create and issue dollars…AKA, money. Instead private Fed member banks do, the largest of which are on Wall Street. Importantly, however, those banks only issue dollars when someone promises to pay them back, with interest. And because the banks do not issue the dollars to pay the interest, the only way for a society as a whole to pay back what has already been borrowed is to keep borrowing more and more, and pay off older loans with new, larger loans. The entire American economy ($68 trillion in debt), including the US Government ($20 trillion in debt) is testimony to that fact. There is no mathematical solution for this system. It cannot be paid off from within. And while the system runs, the bankers get richer and richer, the population gets poorer and poorer, and the Government goes more and more in debt. It is a covert, wealth transfer mechanism-the biggest scam in the history of mankind…
READ FULL ARTICLE HERE… (hanksullivan.substack.com)
Home | Caravan to Midnight (zutalk.com)
