Nations Ditch Dollars — That’s The Real “Debt Ceiling”
April 28, 2023
Just because the U.S. government has made a mockery of the term “debt ceiling” by raising it 90+ times, doesn’t mean that a debt ceiling doesn’t exist. A limit to debt certainly exists and judging by its actions, the government is determined to finally reach it. In practice, it’s not the U.S. government that will ultimately determine what the debt limit will be. The market is always more powerful than the state, and nations across the world are divesting themselves of dollars and using other currencies at an increasing pace. The U.S. government must halt its reckless spending. The consequences of continuing down it’s current path must lead to a very severe economic crisis.
Executive Director of the Ron Paul Institute for Peace and Prosperity and co-Producer/co-Host, Ron Paul Liberty Report. Daniel served as the foreign affairs, civil liberties, and defense/intel policy advisor to U.S. Congressman Ron Paul, MD (R-Texas) from 2001 until Dr. Paul’s retirement at the end of 2012. From 1993-1999 he worked as a journalist based in Budapest, Hungary, and traveled through the former communist bloc as a human rights monitor and election observer.
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