With all the debate about the debt ceiling, government deficit spending, and taxation I will go over today why I think a National Debt and Central banking are bad ideas that benefit a select few at the detriment of the general public.
People tend to think that a National Debt is necessary and leads to prosperity but in my opinion, it is quite the opposite.
We will look at the last time the National Debt was paid off in the United States and how it actually coincided with the charter of the Second Bank of the United States not being renewed.
Timeline of U.S. Federal Debt Since Independence Day 1776: https://www.debt.org/faqs/united-states-federal-debt-timeline/
History of the United States public debt: https://en.wikipedia.org/wiki/History_of_the_United_States_public_debt#:~:text=were%2018%20surpluses.-,Payment%20of%20US%20national%20debt,history%20that%20has%20been%20accomplished.
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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.