Modern Monetary Theory is arguably the greatest threat to our nation’s existence. If it becomes policy in the United States, the dollar will be negated as the world reserve currency as well as the preferred “petrodollar” used to pay for oil. When those things happen, the massive debt we have incurred will come crashing down on the nation harder than anything seen in world history. It would be a cataclysmic collapse that will erase our nation and anyone living here.
To Treasury Secretary Janet Yellen, Modern Monetary Theory can be achieved by eliminating the debt ceiling, which is why she’s doing her rounds on Sunday news shows talking about it being a “housekeeping chore.” She’s downplaying the importance of the debt ceiling to our nation’s economic credibility because it’s the only thing preventing Democrats from achieving full-blown Modern Monetary Theory in America.
She spoke with ABC’s George Stephanopoulos today and made an extraordinarily ludicrous statement: “We should be debating the government’s fiscal policy when we decide on those expenditures and taxes, not when the credit card bill comes due.”
Treasury sec. Janet Yellen tells @GStephanopoulos that she supports eliminating the debt ceiling.
— ABC News Politics (@ABCPolitics) October 10, 2021
Let’s be clear because there has been intentional conflation between “raising the debt ceiling” and “eliminating the debt ceiling.” Raising the debt ceiling is bad because it takes a limit that is already way too high and makes it higher. It’s poor policy, but we can survive it. Eliminating the debt ceiling changes our financial status in the world. Countries will scramble to abandon us. Banks will no longer want to work with us or the U.S. dollar. It’s the pathway to oblivion, which many Democrats falsely believe can be mitigated by simply printing more money.
The Biden-Harris regime is playing fast and loose with our economy, which is already greatly weakened by Covid-19 lockdowns and a workforce that seems unwilling to get back to their jobs. What Janet Yellen proposes will make things even worse, and the fact that she’s being flippant about it all is an insult to our collective intelligence.
One Sick Day Proves We Need More Voices in Truthful Media
On October 19, I was sick. It crossed my mind that I had finally gotten the ‘rona, but my wife’s cream of chicken soup and a few extra hours of sleep into mid-afternoon had be back up and running after a sleepless night before.
When I finally stumbled over to my computer in the evening, I was met with a deluge of concern from readers. They asked what had happened as only one article had been posted that day. Generally, we post between 10-20 daily between all of the sites, not included curated and aggregated content. Seeing that we’d only posted my super-early morning article before taking the rest of the day off had readers assuming the worst.
We have a wonderful and talented group of writers who volunteer their time for the sites and their readers. Sharing their amazing perspectives has always been a blessing to us because we cannot afford to hire anyone at this time. But having great writers is meaningless if we don’t have great editors, or at least one additional. My wife helps me read and edit stories from time to time, but I’m a one-man show when it comes to getting the stories posted.
Whenever I highlight our desperate need for donations, I note that we do not receive money from Google ads even though most in conservative media are beholden. I often ambiguously note that the money donated will help us grow. Today, I’m highlighting a specific need. We must get an editor to help take some of the load and to expand on our mission of spreading the truth to the world. One sick day proved that.
The great news is that there is no shortage of people who CAN help. I am emailed variations of resumes every week by people who are much smarter than I am. As much as I’d love to hire some of them, we simply cannot. That takes money and as blessed as we’ve been to receive donations and collect ad money (though not from Google or Facebook), we have still fallen short.
Those who have the means, PLEASE consider donating. We have the standard Giving Fuel option and people can donate through PayPal. We are also diving into what we believe is extremely disruptive technology at LetsGo.finance, the world’s first major donation portal for crypto. I’ll be talking a lot more about them in the near future. Those who prefer Bitcoin can send to my address here: 3A1ELVhGgrwrypwTJhPwnaTVGmuqyQrMB8
We can get the voices out there and we’re willing to shine a spotlight on new talent. We just need the resources to make it happen. If you can help, we would be extremely grateful.
Thank you and God bless!
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JD Rucker – EIC