Nations Ditch Dollars -- That's The Real "Debt Ceiling"

Ron Paul Liberty Report

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🗓️ 28 April 2023

⏱️ 27 minutes

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Summary

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.

Transcript

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0:00.0	Hello everybody and thank you for tuning into the Liberty Report.
0:04.9	With us today is Chris Rosini, our co-host.
0:08.1	Chris, welcome to the program.
0:10.2	It's great to be with you, Dr. Paul.
0:11.6	Very good.
0:12.6	We deal with economic policies generally on Friday and there's a little information we
0:19.6	have this past week.
0:20.6	A Republicans pass to Bill the solution to the problem.
0:25.0	We have a spending problem and we have a deficit problem and they came up and they
0:29.7	passed to Bill which is pretty amazing and this day in Asia is all the fighting going
0:33.8	on but for Republicans resisted it.
0:36.5	But it simply says that we're going to get control of things by limiting the debt increase
0:41.8	by 1.5 trillion dollars in the next year.
0:49.0	This is hardly the solution.
0:51.3	Chris and I will be talking about that.
0:57.3	The Republicans that I've sat through these debates and tried to get information in there
1:04.0	about it's the philosophy of government that really counts and not tinkering with the
1:07.6	deficit.
1:08.6	But when I looked at this Chris, I got to think all the points in here gives everybody a chance
1:14.4	to pontificate.
1:15.9	I voted for this or voted against that and I don't believe too many people believe makes
1:23.2	a difference.
	...

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