Political Theatre The Banana Republic of Fiat Money: Democrats control house and Senate-Joe Biden plays politics with business leaders over debt ceiling-wants to blame Republicans – September 6, 2021/h1>
I fully understand when Joe Biden goes to the general American public and presents himself as the savior for the economy, but it’s a pathetic spectacle to even imagine Joe Biden going to business leaders about the debt ceiling? Most business leaders have a basic understanding of how bankrupt the U.S is and they also understand that right now Joe Biden and the Democrats do not need Republican support.

Anyone who cares to know, knows that America can service its debts for the foreseeable future without raising the debt ceiling, the problem with the debt ceiling is that it if it’s not raised it could compromise FUTURE spending because it’s not like raising the debt ceiling is paying back a loan, it’s giving the bankrupt U.S government a longer period of time to service existing loans.

Lastly, even if the U.S defaulted on its debt obligation it’s not like the U.S dollar is going to fall out of favor overnight, in fact as many people like to point out, there are more U.S dollars in circulation outside of the United States than there are inside the United States, and a lot of that money is held outside of the U.S by U.S business leaders who are tired of idiot pandering politicians like Joe Biden who work hard to regulate them out of existence.

I get it that many imagine the main culprit in all of this is the Federal Reserve, but I stand by my claim that the U.S Federal government is the main culprit, Donald Trump attacked and was ready to blame Jerome Powell publically if what he called the greatest economy ever had a downturn because the Feds raised interest rates, and now the Democrats are attacking Jerome Powell and attempting to blame Powell for not financing their spending adventures.

In most countries, if the Central banks don’t do what the politicians tell them to do, those central bankers are either killed or fired, this is why many of us are against a central bank in the first place. I’m personally against LEGAL tender laws, which let’s be clear only exist because of prior bank runs and because Governments hate it when people save money.

When people save money and the governments can’t turn to a central source to dilute the money supply, politicians lose power, the socialism push we’re seeing globally would not exist if politicians couldn’t raise the debt ceiling and borrow money from a central bank the government clearly controls.

It annoys me whenever anyone calls the monstrosity we have today capitalism, bankruptcies can’t be hidden by raising the debt ceiling in a capitalists country, either your creditor is willing to lend you money or they’re not, and if they’re not willing to lend you the money you either have to default or make spending cuts.

The business leaders aren’t Joe Biden’s creditors, they’re basically his subjects, the only tool business leaders can use against Joe Biden is lobbying or taking their capital out of the United States. When Joe Biden panders to business leaders it sounds pathetic because the bottom line is the business leaders are going to support whatever politician gives them corporate welfare, it wouldn’t surprise me in the least if big business-backed Joe Biden even if the U.S economy collapsed.

More regulations benefit big businesses, who can afford the additional costs, more easy money benefits big corporations, Biden is preaching to the choir and it’s pathetic because it’s making the U.S look like a Banana Republic. America is broke, not only is it broke its main export is quickly dissolving into its fiat money.

The Democrats don’t need the Republicans to raise the debt ceiling and big corporations clearly prefer Democrats over Republicans, meaning what Joe Biden is doing is political theatre.
 

Interesting times ahead