Money & The Debt Ceiling

http://www.debtshepherd.com

August 2nd is approaching. Will The US Congress default on it's debt (not be able to pay it's bills) or come to a compromise? I don't have a crystal ball but I know one thing for certain. Congress WILL raise the debt ceiling.

That just means they'll borrow more money to run the government. Debt is the problem and they want more of it. Nothing is going to change Aug 2nd. Ben Bernanke, The Fed Chairman, will continue "quantitative easing." That's a fancy word for PRINT MORE MONEY. As long as he does that, he get's a paycheck.

The more money The Fed prints, the less your dollar is worth. That means prices for everything you buy will continue to rise rapidly. As long as The Fed exists, The US economy WILL NOT RECOVER.

Don't hold your breath on Aug 2nd. There will be much fanfare in the media. Congress will make a big deal about how hard they all worked to come to a "compromise." It's BS. The printing presses won't stop. More printed money (more debt) means more crisis and hyper inflation.

You can do the responsible thing. Get out of debt as soon as you can. Spending money you don't have is not patriotic. Pay off your credit cards and shred them. Either live below your current means or increase your income and live at your current means.

To Your Financial Freedom,
Greg Whitaker
http://www.debtshepherd.com

Category:

Education

Tags:

• mind and money
• personal finance
• pay off debts
• payoff debts
• debt freedom

[debtshepherd]

Thank you for the comment. It let's me know people are hungry for the truth.

We are long overdue for a serious conversation and serious action around The Fed and Congress. May I recommend an awesome read on this topic:

The Creature From Jekyll Island - A Second Look at The Federal Reserve by G. Edward Griffin

That book changed my life in 2000!

All The Best,

Greg

[professorcurtis]

Thank you for posting this video!