The Big Bogus

The size of the national debt is a bogus issue.

It was a bogus issue in the 1980s; it’s a bogus issue today.

The elites love to talk about the size of the national debt in order to make you uneasy.  

The uneasier you are, the weaker you are, the better it is for them.

They constantly talk about the national debt.

They place large scrolling signs in the bigger cities that regularly update the national debt to the public.

Stop listening to them.

The national debt is not the same as your debt.

It’s not the same because the federal government can print new money; you can’t.

If you owe $100,000 on your house, you can’t print up $100,000 to pay it off.

The federal government can, and it does.

Moreover it doesn’t even care about piling up debt because the debt is not there to be paid off.

Let me explain.

Let’s say that the national debt is five billion dollars.  How do you make that insignificant? You do so by printing up five trillion dollars.  

Now let’s move forward. How do you make five trillion dollars seem insignificant? You do so by printing up five quadrillion dollars.

You can play this game in perpetuity.  As you can see, the national debt never gets paid off. That’s the whole point. It’s a scheme that avoids that pain.

There is nothing inherently wrong in borrowing money.  What counts in the national debt is what you are spending the money on and who gets it.

If you are spending the money on a bender in Las Vegas, that is a poor investment.

On the other hand, if you are spending the money on education, that is a good investment.

Who gets the money?

Does the money go to wealthy elites as it did in 2008?

Or does it go to regular people in paying off their mortgages as it should have done in 2008, but, of course, did not.

When we invest in war abroad, that is a poor investment in money. It is so because the elites skim an inordinate amount off the top for themselves. Also, at the end of the war all you are left with is a pile of rusted metal junk. Plus many lives have been lost.

When we invest in education and healthcare domestically in a decentralized manner which allows individual citizens to choose their healthcare or education, that is a wise  investment of money.   It is so because it prevents elites from skimming too much money off the top.  Also, at the end of the day we have healthier, smarter people – always a matter of concern to the elites.

So when the media speaks about the national debt, don’t get freaked out. Ask yourself what are we investing in and who is getting the money.

When you do that, you will be smarter than your average bear.


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