⭐ Merited by Don Pedro Dinero (1)
well so you're saying the leaders don't want to erase the budget deficit and national debt? well if that's a fact then why even discuss the national debt problem at all since it will never be solved. but the way i see it, every 5 or 10 billion you can shave off helps. assuming we want to erase the national debt. maybe that's not a safe assumption though, apparently according to you.
Spoiler alert: it's mathematically impossible to erase national debts. It's an exercise in futility.Think about it for a second (how the fiat Ponzi pyramid works): FED lends you $100 and expects you to pay back $105 after 1 year. Or a lot more after 20-40 years.
Where are you going to find the extra money to pay the interest? That amount of money doesn't exist. You only got $100. Where are you going to find the extra $5?
You will have to raise your prices accordingly, no matter what you sell (products or services).
And what about people who buy from you? They're also going to raise their prices.
This is what causes inflation. It's a HUGE pyramid:
In reality inflation is not really needed (a HUGE lie being perpetuated by 99.99% of economists -> there's a "consensus" about it), because tech progress means everything becomes cheaper (technology is deflationary):
Eventually more money will be injected in the economy via issuing debt. FED keeps printing more and more money. Because everyone and their mom is a debt slave.
For me this was one of the biggest lessons Bitcoin offered me. Because it was designed to be a debt-free alternative.
I'm surprised you haven't figured it out yet (were you indeed born in 1955?).
Save yourself and stop trying to save the masses. 90% of them are too dumb/clueless to realize they're caught up in a legalized Ponzi scheme (because that's what fiat money + interest is).
Madoff's pyramid wasn't legal, but the fiat dollar is a state-sanctioned Ponzi pyramid scheme.