The Debt Ceiling Fallacy
Money does not exist. The only currency that exists is credit and government promissory notes. That said, for decades the government of the United States has been increasing our debt ceiling (or our ability to make promises) every year for decades.
Most reasonable people perceive the connection between our first Black President and the Right Wings’ attack on his ability (and right) to govern by not raising the debt ceiling. This lack of progressive thought is the reason why America will cease to be the Economic World Leader.
While racism has never made sense, it has always been the cause of failure for major empires. From the Babylonians, Romans, Spanish, German, and now American. What these right wing/conservatives don’t have the vision to see is that once America’s financial reign is over, there will not be an Aryan savior waiting to rescue her from the liberal nigger. No, the next financial power will be BRIC (Brazil, India and China).
All this said, the world is changing and the power structure that defines currency is changing as well. Our ability to adapt will be based on our ability to see past the smoke screens.
Peace