Today I’m writing about a particular problem with government usury. \u00a0In short, usury is charging interest on a non-productive loan. \u00a0By definition 95% of government debt is usury (the exception being road construction\u00a0bonds backed by toll roads). \u00a0Before I begin my analysis, I want you to imagine the following:<\/p>\n

Tomorrow you wake up and it is announced that Trump and Congress have canceled Social Security, Medicare, Medicaid, Food Stamps, Agricultural subsidies, WIC, and educational grants. \u00a0The plan going forward is for the individual States to take care of all of these. \u00a0Now I’d celebrate, \u00a0but I’m a tiny minority that shows up as a rounding error. \u00a0What would be the reaction of most Americans? \u00a0How about, “That’s insane, there’s no way that the States will be able to\u00a0afford all of this.”. \u00a0Hopefully you’ve already figured it out.<\/p>\n

Or consider the current (early May) bleating and caterwauling by the sub-100 IQ party known as democrats over the supposed opt-out for States to cover preexisting conditions. \u00a0Well, why shouldn’t the States pay the medical bills for those with preexisting conditions? \u00a0Again, because they can’t afford it. \u00a0But the Federal Government can, right? \u00a0Mommy will come wipe my arse and government will come take care of these infantile adults, right?<\/p>\n

This insanity is due to usury. \u00a0Government usury consigns our kids and grandkids to debt slavery so that democrat idiots can try to build their utopia today. \u00a0The reason the States can’t pay for all of this socialism is because they don’t have access to the debt markets they’d need and can’t magically print up “money”. \u00a0The Federal Government has access to the Distributist Banking Soviet known as the Federal Reserve and can issue as many bonds as they please (for now), which the bankers’ guild will purchase. \u00a0However printing money does not equate with creating wealth and real production, so this will end in Argentina.<\/p>\n

It’s already starting. \u00a0First it was smaller municipalities like the California towns, the Alabama town and Harrisburg going bankrupt. \u00a0Then it was a major city like Detroit. \u00a0Recently it was a territory, Puerto Rico, which is quite large. \u00a0On deck we have Chicago, New Jersey, and California. \u00a0After that will be the US government. \u00a0Yes it can happen here and it WILL happen here.<\/p>\n

Or you can recall the whole purpose of Obamacare. \u00a0Quick aside I’ll be publishing a podcast on High Medical Costs (not insurance costs) in a few weeks. \u00a0Anyhow Obamacare was nothing more than a tax to bail out Medicaid and Medicare. \u00a0And it blew up to the point that you have to pay a ton of money for a policy that you can not use due to the deductibles. \u00a0All of that money was used to pay for Medicaid patients. \u00a0People got ticked so it failed. \u00a0However the problem has not gone away and Trump Care will hit the same dead end unless the reforms I talk about in the podcast are enacted. \u00a0If you want to get a jump on this discussion, go to my Links section and check out Link 3.<\/p>\n

Usury has many problems, but in this case we are seeing Moral Hazard. \u00a0This country’s flirtation with the utopian leftists is not being punished by something called Reality. \u00a0Instead, we borrow the money with government bonds and leave it to our kids and grand kids to pay off. \u00a0I think the end of the road is a lot sooner than most people think however.<\/p>\n","protected":false},"excerpt":{"rendered":"

Today I’m writing about a particular problem with government usury. \u00a0In short, usury is charging interest on a non-productive loan. \u00a0By definition 95% of government debt is usury (the exception being road construction\u00a0bonds backed by toll roads). \u00a0Before I begin my analysis, I want you to imagine the following: Tomorrow you wake up and it…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"libsyn-item-id":0,"libsyn-show-id":0,"libsyn-post-error":"","libsyn-post-error_post-type":"","libsyn-post-error_post-permissions":"","libsyn-post-error_api":"","playlist-podcast-url":"","libsyn-episode-thumbnail":"","libsyn-episode-widescreen_image":"","libsyn-episode-blog_image":"","libsyn-episode-background_image":"","libsyn-post-episode-category-selection":"","libsyn-post-episode-player_use_thumbnail":"none","libsyn-post-episode-player_use_theme":"mini","libsyn-post-episode-player_height":"50","libsyn-post-episode-player_width":"200","libsyn-post-episode-player_placement":"top","libsyn-post-episode-player_use_download_link":"","libsyn-post-episode-player_use_download_link_text":"","libsyn-post-episode-player_custom_color":"","libsyn-post-episode-itunes-explicit":"","libsyn-post-episode":"","libsyn-post-episode-update-id3":"","libsyn-post-episode-release-date":"","libsyn-post-episode-simple-download":"","libsyn-release-date":"","libsyn-post-update-release-date":"","libsyn-is_draft":"","libsyn-new-media-media":"","libsyn-post-episode-subtitle":"","libsyn-new-media-image":"","libsyn-post-episode-keywords":"","libsyn-post-itunes":"","libsyn-post-episode-itunes-episode-number":"","libsyn-post-episode-itunes-season-number":"","libsyn-post-episode-itunes-episode-type":"","libsyn-post-episode-itunes-episode-title":"","libsyn-post-episode-itunes-episode-author":"","libsyn-destination-releases":"","libsyn-post-episode-advanced-destination-form-data":"[]","libsyn-post-episode-advanced-destination-form-data-enabled":"","libsyn-post-episode-advanced-destination-form-data-input-enabled":false,"libsyn-post-episode-premium_state":"","libsyn-episode-shortcode":"","libsyn-episode-embedurl":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7,9],"tags":[],"aioseo_notices":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.jamesdeprisco.com\/wp-json\/wp\/v2\/posts\/130"}],"collection":[{"href":"https:\/\/www.jamesdeprisco.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jamesdeprisco.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jamesdeprisco.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jamesdeprisco.com\/wp-json\/wp\/v2\/comments?post=130"}],"version-history":[{"count":2,"href":"https:\/\/www.jamesdeprisco.com\/wp-json\/wp\/v2\/posts\/130\/revisions"}],"predecessor-version":[{"id":132,"href":"https:\/\/www.jamesdeprisco.com\/wp-json\/wp\/v2\/posts\/130\/revisions\/132"}],"wp:attachment":[{"href":"https:\/\/www.jamesdeprisco.com\/wp-json\/wp\/v2\/media?parent=130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jamesdeprisco.com\/wp-json\/wp\/v2\/categories?post=130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jamesdeprisco.com\/wp-json\/wp\/v2\/tags?post=130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}