The problem is going to come when we reach a ceiling that we can’t raise and that is the lending ceiling that is the willingness of the rest of the world to loan US money the crazy part about it is we tell our creditors if we can’t borrow
More money we will default well we’re basically telling the creditors that this is a Ponzi scheme the politicians should be saying if we don’t raise a debt ceiling we are going to cut Social Security we’re going to cut Medicare and we’re going to prioritize interest on
The national debt or we’re going to have an emergency tax hike we’re going to raise everybody’s taxes so we can pay the debt no they don’t say that they say if we can’t borrow more money we’re defaulting so how much longer can this go on because default is inevitable it’s
Only a question of when the other thing that they can do if they’re not going to default well they just print well then there’s hyperinflation and that’s the same thing it’s actually worse than defaulting
Video Tags: Anthony Pompliano,Pomp,Pomp Podcast
Video Duration: 00:00:58
