16 August 2012

Why The National Debt will Never Decrease

We are going to have to go to a cashless society to maintain any semblance of sustainability. The Federal Reserve will never raise interest rates. Credit is the new dollar. We will never return to a gold standard. If credit dries up, the house of cards collapses. We won't pay down our national debt or cut government spending, as that would stifle production and consumption. Knowing why everything is wrong doesn't help when that is also the only way to prop it all up. This is the result of moving to a fiat system instead of a resource-based economy. 

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