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IPFS News Link • Economic Theory

Nations Ditch Dollars --- That's The Real "Debt Ceiling"

•, RonPaulLibertyReport

A limit to debt certainly exists and judging by its actions, the government is determined to finally reach it. In practice, it's not the U.S. government that will ultimately determine what the debt limit will be. 

The market is always more powerful than the state, and nations across the world are divesting themselves of dollars and using other currencies at an increasing pace. The U.S. government must halt its reckless spending. The consequences of continuing down it's current path must lead to a very severe economic crisis.