posted on May, 8 2016 @ 05:33 PM
Trump's idea about renegotiating the national debt has caused me to realize that only a tiny minority of Americans want to "End the Fed." Basically,
the arguments being used for why Trump's idea is a good one come down to this argument:
The Federal Reserve should be abolished.
I don't disagree with that. But, it would not take renegotiating the national debt to do that. All it would take is a new law stating that the Federal
Reserve would be abolished and the current debt would be paid beforehand. That aspect of it would be painless.
Why would the US government do that? To return to a constitutional currency is the answer that many Constitutionalists give. I understand that.
However, a constitutional currency would be the end of most deficit spending. Who would want that? Consider the parties involved...
1. Career politicians
They generally live off of deficit spending (literally and figuratively), do you think they're going to end it on their own volition?
They need deficit spending like they need air.
3. The military/industrial complex
It lives off of deficit spending.
4. The masses
They are increasingly dependent on deficit spending.
Who is pushing for a constitutional currency and essentially the end of deficit spending?
A tiny minority of Constitutionalists who are irrelevant in the big picture.
Deficit spending is the candy (almost) everyone wants, deal with it.
I don't like it personally but we have to face reality.
edit on 8-5-2016 by Profusion because: (no reason given)