The Contrived Drama of the Debt Ceiling

There is some sort of a financial sham going on that I don't fully understand. This article attempts to explain it.

Bruce

"Let the contrived drama of the debt ceiling begin for the American people.

We are within weeks of hitting the national debt ceiling (soon to be floor) of $14,294,000,000,000.00. There will be great political drama. The media will be breathlessly cover it. The American people chew their finger nails into nubs, waiting to hear their fate. I hate to be the bearer of bad news, (actually it like it ) but the debt ceiling will be raised as we head off the cliff of hyper-inflationary depression.

Here is why it will happen, our monetary system must create more money every year in excess of the debt and interest accrued the previous year."