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"And ye shall know the truth, and the truth shall make you free." - John 8:32
WEBCommentary Contributor
Author:  Lawrence Rosner
Bio: Lawrence Rosner
Date:  May 30, 2023
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Topic category:  Partisan Politics

The debt ceiling falls mainly on your head.
Government debt is a stealth flat tax on every asset ("valued" in fed debt notes that is not a dollar)

Raising the budget ceiling means the government takes on new debt. No matter the lies and propaganda, the Politicians ARE actually increasing taxes! No MONEY is exchanged any more. Only debt for debt. The Fed note we exchange (tender/pay) for other debts like food and shelter etc. do not tell you on the face of the note how much debt the note represents. Every new debt the government takes on means new notes Printed or digital. These new debt notes (called a dollar) reduce what the current notes represent by spreading out the current debt to include the new notes.

Let's say you have ten buckets of chocolate wafers each containing 1 wafer (representing current debt ). If you bring the debt bucket (Dollar Fed note) to the store you can tender your wafer for the equivalent value in store goods. If the government adds another 10 empty buckets of debt, what happens?

The current 10 wafers are broken in half to fill the empty buckets. Your dollar (bucket) now represents only half as much as before. Now you go to the store with your debt bucket but you can only exchange it for half as much as before. The government propaganda calls that Price inflation as though the store raised it's price to make more profit . In fact it is just equalizing to what the new note represents. It is the DEVALUATION of the debt represented by the Fed note that is the culprit.

But wait. There is more. All your assets denoted in dollars also fall in debt Value. Poof the fed just stole half of your house, car, etc. value --- Until prices go up to equalize to the prior value (amount of debt) represented by the Fed note you exchange for other debts.

The sad reality is if the government pays back all the debt we have no currency.

That is why no central bank was allowed to last more than 20 years until the FED was created. It is a scam. Remember the greenbacks issued during the civil war. The government took on more and more debt until the greenbacks were worth nothing. This is exactly what is happening to the "Dollar" note we use as currency.

New blockchain money are tokens that can be exchanged for other tokens or goods that the token represents. This type of barter currency has been used for the entirety of Human history. Exchanging tokens is the same thing as exchanging Dollar notes (effectively also tokens) except there is no government to change the value of the tokens. The free market determines that. Not to mention interest rate on loans that the FED controls. Blockchain loan interest is also determined by the free market.

Lawrence Rosner
The Society Project (Founder)

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Biography - Lawrence Rosner

Lawrence spent his career solving the problems of major businesses. He created software, business processes and systems that save millions of dollars a year and make people’s work life easier and more productive. He was a founding partner in a company which is instrumental in streamlining the practice of medicine and helping both patients and Doctors cope with the problems created by government health care.

During an assignment on the 98th floor of the WTC in 1993, he experienced first hand Islamic Terrorists' nearly successful attempt to take down the WTC. He and tens of thousands of others were trapped in the building in darkness and choking smoke.

After the government’s whitewashing denial of the root cause of the bombing - the evil built into Islam, the deepening confusion of American values, the negative end results of unnecessary and even immoral government intervention, the deterioration of the US economy and widespread systemic government corruption and unchecked power, he founded The Society Project to provide a blueprint for restoring our unique government Of the People, not Above the people, as it has become.

The Society project is dedicated to restoring the Constitutional Republic of the United States by educating, motivating and facilitating people to act to repair our society, through the Amendment process, before our society becomes another of the world’s failures.

Read other commentaries by Lawrence Rosner.

Visit Lawrence Rosner's website at The Society Project

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