US Debt Officially Tops $20 TRILLION! – The Dollar Crash Is IMMINENT!
Josh Sigurdson talks with author and economic analyst John Sneisen about the US national debt as it tops $20 trillion following a $318 billion jump in ONE DAY!
As the debt ceiling decision is put off once more until December 8th, 2017, much of this nonsense is blamed on Hurricane Harvey and Hurricane Irma despite only $15.3 billion being spent on relief. A drop in the bucket. That doesn’t make up for the $318 billion in debt dumped in one day!!
Of course President Trump ran on a big government platform with a mutli-trillion dollar spending policy on infrastructure and military. But in the end this doesn’t have much if anything to do with Trump, it simply shows that he is continuing the nonsense of every past president.
It’s more about the creation of debt at the Federal Reserve as fiat currency is printed out of thin air, centrally planned into oblivion, devaluing by creation, creating vast amounts of debt and inflation at the same time. And as the US dollar inevitably crashes, the global economy goes down as it is the world reserve currency after all. As the US attempts to raise interest rates in order to be able to drop them out once the dollar goes down, they can’t drop it out enough and interest rates will go negative. For this reason they will not be able to salvage the highly manipulated monetary system.
The IMF is pushing for a centrally planned cashless society to implement into the SDR (Special Drawing Rights) which is heavily being tested in China, India, Australia and Sweden, not to mention a major shift towards a centrally planned cashless system in Canada and the United States as well.
This is a reality we must face and stand up to. But moreover, we must prepare ourselves as individuals. We must be financially responsible and self sustainable. We must hold assets and sound, decentralized money. And we must do our own due diligence.