Peter Schiff: A Higher Debt Ceiling Won’t Solve the Problem; It Will Make the Problem Worse

From Infowars

In just the first six months of fiscal 2023, the Biden administration ran a $1.1 trillion budget deficit. Excessive spending is pushing the government toward a crisis point when it will no longer be able to finance spending through extraordinary measures.

Apr 24th 2023 4:25pm EDT

Source Link: https://www.infowars.com/posts/peter-schiff-a-higher-debt-ceiling-wont-solve-the-problem-it-will-make-the-problem-worse/

Internet Archive Link: https://web.archive.org/web/20230424203018/https://www.infowars.com/posts/peter-schiff-a-higher-debt-ceiling-wont-solve-the-problem-it-will-make-the-problem-worse/

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Discussion

Once again, a dissident financial commentator describes the people running the system as "dumb." This line of thinking never ceases to amaze me. They're not dumb, they're evil and corrupt and the reason they keep pursuing policies that will make things worse is because they're all looting the casino as it goes bust.

Even guys like Schiff don't want to face up to the fact that things are even worse than thought.

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