“The Spirit pointed from the grave to him, and back again.
“No, Spirit! Oh, no, no!”
The finger was still there.
“Spirit!” he cried, tight clutching at his robe, “hear me! I am not the man I was.
I will not be the man I must have been but for this intercourse!
Why show me this, if I am past all hope!”
~ Scrooge, The Christmas Carol
Written by Bryan Lutz, Editor at Dollarcollapse.com:
The dreadful grave.
So deep.
So filled with debt.
Yet waiting, eagerly for a vision of a Christmas Yet to Come, but…
For now, we spend our time with present concern:
Debt…
Which most politicians, even the oncoming President Donald Trump is fascinatingly attached to the deep, dark, blackness of the debt grave.
NBC News reports:
Trump calls for abolishing the debt ceiling
“In a phone interview with NBC News, Trump said getting rid of the debt ceiling entirely would be the “smartest thing it [Congress] could do. I would support that entirely.”
“The Democrats have said they want to get rid of it. If they want to get rid of it, I would lead the charge,” Trump added.
Trump suggested that the debt ceiling is a meaningless concept — and that no one knows for sure what would happen if it were to someday be breached — “a catastrophe, or meaningless” — and no one should want to find out.
“It doesn’t mean anything, except psychologically,” he said.”
Is this Trump’s vision for Christmas yet to come?
More debt?
The debt ceiling isn’t just a psychological boundary like a fanciful glass ceiling waiting to be raised each year.
Before the USD went on fiat money, and even prior to the “dot com” bubble, the debt ceiling had meaning.
It was meant to place a fence around a politician’s ability to print money, produce inflation, and remove the purchasing power of future generations.
And really, when the USD was on the gold standard a debt ceiling would have simply been “we only have so much gold.”
There would be no possibility to print anymore money than the gold available.
It would be a simpler, quiet life.
And really, a hopeful vision of Christmas yet to come.
A Christmas when a stable currency, giving the individuals the ability to climb the social-economic ladder, and easily recognizable limits to make silent nights, truly silent, and hopeful nights.
