By Silver Shield

I made a call earlier this year that the debt ceiling would be raised after a Contrived Drama plays out in Washington. I became even more emphatic in April when I said that you can “Count On It!” The reason for my bold assertion is because I know that our debt based monetary system MUST have a constant expansion of debt in order to function. Our money IS debt and they are on in the same. Debt needs to be increased every year in excess of the debt AND interest accrued the year before or we would face a catastrophic deflationary crash. And since bankers profit from creating debt/money and politicians gain control from spending money/debt,they will not end this game willingly. They will put on a huge act to reign in our expectations,but this head fake will only result in a higher debt ceiling and QE3.

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By Professor X

After all of my years of life and my decades long study of economic systems, social systems, financial systems, and political systems, I have concluded the they are all based on one primary false assumption. The false assumption that we can always depend on an infinite supply of earthly resources. The world is like a fish tank with 6 billion inhabitants and the water is getting murkier by the year if not month.

When the “Infinite Supply Paradigm” smashes into the “Finite Resource Reality”, it will be a sustained collision of epic proportions! One that mother earth herself (and ALL of her incredible biodiversity) will be in grave danger of contamination so severe it could take hundreds if not thousands of years for her to cleanse herself. Yes, if we managed our worldwide resources with an eye toward a healthy state of equilibrium things could definitely be much more sustainable, but from my observations, that is not going to happen any time soon.

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