The Idiocy of the Debt Ceiling 🤡

This is not the way to force necessary spending cuts... [Shield] AN OXFORD CLUB PUBLICATION [Liberty Through Wealth]( [View in browser]( SPONSORED [Do you own gold?]( [Somebody recently decided to buy a LOT of gold.]( And I think I know why... It's all about a meeting that's scheduled for March 22, 2023. If you own gold (even just a few ounces of it), you've got to see what's happening. The big announcement is just weeks away. [Click here now.]( EDITOR'S NOTE Today Matt Benjamin questions the United States debt ceiling. With the government seemingly always on a mission to send the markets into a tailspin, it's understandable if you're looking to put your money to work elsewhere. If this sounds like you, [we have the perfect opportunity](... Chief Income Strategist Marc Lichtenfeld is [calling all investors who are sick of this stock market to join him](. If you're fed up with losing money in stocks, there is a way to [collect predetermined returns of up to 227% in four years](... without ever having to TOUCH the stock market. [Tune in to the Stock Quitters Summit to discover details.]( - Nicole Labra, Senior Managing Editor THE SHORTEST WAY TO A RICH LIFE [The Idiocy of the Debt Ceiling]( [Matt Benjamin | Senior Markets Expert | The Oxford Club]( [Matt Benjamin]( Sometimes your kids pose questions that are impossible to answer. My son recently had a doozy for me... "Why," he asked, "does the debt ceiling exist?" He's a junior in high school and is taking a course on macroeconomics. This month they're studying monetary and fiscal policy - interest rates, the [Federal Reserve]( taxation and government spending, etc. - and how they can impact the economy. He's had a bunch of questions for me about all of these topics, which is wonderful because I love talking about this stuff and it gives us yet another way to interact. But he stumped me on the debt ceiling. I've been monitoring this limit on U.S. borrowing for over a decade for various jobs, and it still doesn't make any sense to me. But apparently it doesn't make sense to a lot of people... When I was a consultant to hedge funds, I would make the rounds of European financial capitals - London, Madrid, Frankfurt, Geneva - to explain to them the intricacies and nuances of the Fed, the White House and the Treasury Department, as well as the politics of important committees on Capitol Hill. In August 2011, I was in Frankfurt talking to hedge funds when the Obama administration and Congressional Republicans couldn't agree to raise the limit on U.S. borrowing. The Treasury got perilously close to default. And I would get the same question over and over: If Congress approved the spending and won't raise taxes to pay for it, why would it then block the Treasury from borrowing the funds necessary to pay its bills? [Find the Absurd Answer Here]( [2023 IU Israel Jordan Egypt]( SPONSORED [Biden to Replace US Dollar?]( [Biden Walking To Podium]( Thanks to President Biden’s Executive Order 14067, a former advisor to the CIA and Pentagon predicts the 3rd Great Dollar Quake has begun. Thanks to President Biden's Executive Order 14067, a former advisor to the CIA and Pentagon predicts the 3rd Great Dollar Quake has begun. The first was Roosevelt confiscating private gold in 1934. The second was Nixon abandoning the gold standard in 1971. Now, Biden's plan could pave the way for "retiring" the US dollar. Your dollars could soon be confiscated - or made worthless. 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