Is this the "adult" conversation?
What if ... Lawrence O'Donnell is right in this video?
"Our debt ceiling is now $14.3 trillion, it will need to be raised in the coming year; he just used the phrase,
"Enslaved by Debt." This is exactly what he stands against.
If he, and he is as a single United States Senator, empowered, empowered to prevent us from raising the debt ceiling because it must be raised on a date certain ... at a particular time on the clock, or the United States government goes into default."
YouTube - Rand Paul Victory Speech "I Have A Message From The People Of Kentucky!"
What if ... not raising the debt ceiling does indeed cause a deflationary spiral leading to an instant crash?
Thorsten Polleit clearly states that deflation will crash the fiat monetary system, and he also points out that inflation eventually crashes the fiat system as well.
Start at 38:00 for the short version.
YouTube - Ending the Monetary Fiasco and Returning to Sound Money | Thorsten Polleit
What if ... QE 2.0 leads to QE 3.0, QE 4.0, QE 5.0 and on and on eventually leading to hyperinflation?
If Rand successfully filibusters raising the debt ceiling, AND causes default, would that be better for the people than waiting for the Fed to inflate the dollar to worthlessness?
Consider these two hypothetical scenarios:
- If we wait for the Fed to inflate the dollar away, it could take a while to crash, and that would give the "powers that be" more time to use their new found money to buy commodities to protect their political position. - The Golden Rule - "He who owns the gold, makes the rules."
- If Rand is successful in crashing the economic system this spring, then everyone will have to accept whatever position they hold at the time.