Episode-167- The Debt Trap vs. The Survivalist
Today’s show cover’s how debt is created at the national level and why in our modern economy money can’t even exist with out debt.
More importantly it discusses what you individually can learn from this mess and apply to your own life. Today we discuss how to get out of and stay out of debt and why it is as important to survivalism as growing food, learning to use a weapon or storing supplies.
Resources for Today’s Show…
Legislation Discussed in Today’s Show
- The GIVE Act – Not about a “drafted army” but it still sucks!
- The Food Safety Act – They are NOT after your tomato patch but they are after the small farmer, shut it down.
- Ron Paul’s Bill to Abolish the Federal Reserve – Won’t even come to a vote but nice to see it being attempted.
- Ron Paul’s Bill to Require Transparency of the Federal Reserve – Call your congress critter and call the committee members to support this one. Unless you are opposed to it of course.
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Good show, but the US Treasury issues treasury bills, bonds and notes, not the FED. The FED sometimes monetizes debt by buying the instruments from the Treasury and then uses them to enact monetary policy by either holding the instruments (increasing money supply) or selling the instruments and holding cash (decreasing the money supply).
Similar outcome, but different means. The FED needs the Treasury to issue debt to pull off what has been happening. Likewise, the Treasury needs authorization from congress. No congressional approval (or presidential signature) = no new debt = much fewer options for manipulation by the FED. Every time we vote for someone who voted for the stimulus bills, we take responsibility for the outcome.
“This bill is a turd” ROFL!!!