Platinum Coin Easing
Here we go again. It looks like the debt ceiling is going to become a problem in the coming months. It’s ridiculous and I’ll tell you why. The only reason this debate even occurs is because the Congress has ALREADY decided on a certain allotment of spending. So, Congress votes to pass XYZ spending for the future and then later on we hit this fictitious constraint where Congress then turns around and says “wait a minute, that’s too much spending!” I’ve compared this to eating a bunch of cheese pizzas, tying your intestine in a knot and then threatening your stomach not to digest the food because it might kill you. It goes without saying that that would be incredibly stupid.