Do you want to bet on a sure thing?

Do you want to bet on a sure thing? Bet the house on the debt ceiling getting raised. Oh sure there will be great consternation. There will be very serious political rantings. There will be dower economists telling us scary campfire stories. There will be breathless reporting by the media about the future of humankind. We may even have a scare or two on the Dow, A great gnashing of teeth, but mark my words, the debt ceiling will be raised. Count on it!

I know this because I know something that 99.9% of the world does not know. I know that in our monetary system, our money IS debt. When debt is created, money is created. When debt is paid off, money is destroyed. The simple fact is that debt/money must be created every year in excess of the debt AND interest of the year before or the entire system collapses in a mother of all meltdowns. It is an incontrovertible fact that if all debt in the world was paid off there would not be one dollar in existence. What would be worse, there would still be billions of interest still outstanding.