Based Underground is now a conservative news aggregator AND curated newsletter.
Following the Civil War, the 14th Amendment was adopted to secure citizenship for all natural born Americans, including former slaves. But a section of the Amendment is being proposed as an end-around for the debt ceiling and many radical leftists are encouraging the White House to use it instead of negotiating with House Republicans.
Every American needs to understand two things. First, invoking the 14th Amendment as a way to print more money to pay our debts without raising the debt ceiling officially would be the straw that breaks the camel’s back. In this case, the camel is the U.S. Dollar’s tenuous position as the world reserve currency. Second, most of those who are pressing Joe Biden to invoke the 14th Amendment are well aware that it would rapidly tank the economy.
In fact, they’re banking on it.
Would defaulting on our debts be bad? Absolutely. It may not be as bad as Treasury Secretary Janet Yellen and her team of progressive economic advisors have deduced; they believe (or at least state as their belief) that models show a U.S. government default would be catastrophic, sending most markets spiraling, driving up unemployment, shutting down businesses, and starting a chain reaction that results in fiscal carnage.
It would be bad. I’m not an economist but those I’ve consulted with think Yellen may be overstating the dangers. With that said, none of them were willing to go on record saying they thought Yellen was being overly dramatic, so my concerns have not been fully abated. They think she’s overstating but they wouldn’t bet on it. As one conservative economist told me, “I’m not planning for the apocalypse but I did move portions of my portfolio to gold, just in case.”
A default would be bad and might be very bad. Invoking the 14th Amendment would be very bad in the best-case-scenario. Moves across the globe for de-dollarization have been rapid and spreading. This has been in-progress for a while, prompted by BRICS nations’ desire to end U.S. Dollar hegemony, then exacerbated by “bully” tactics against Russia at the start of the Ukraine War. It wasn’t just Russia that took notice of how SWIFT was weaponized. Other nations watched disapprovingly and began looking for alternatives.
By invoking the 14th Amendment, Joe Biden will verify what many nations have been thinking for a while, that the United States is too reckless and the U.S. Dollar is too printable to be trusted. By removing Congress from the equation, Biden will be declaring that the White House is engaging in full-blown Modern Monetary Theory. It would be the death knell for the U.S. Dollar and begin the rapid collapse of the U.S. economy.
Again, I’m not an economist. I talk to people who are much more versed on the topic than me and while there was no consensus on what would happen if we default, there was clear consensus on the outcome of declaring the U.S. Dollar is illegitimate. That’s essentially what Biden would be doing by invoking the 14th Amendment to pay our bills.
People like Senator Bernie Sanders and other politicians pushing Biden to do it are aware of this. The globalist elite cabal is also very aware of it and are likely behind many of the calls by Democrats to invoke it. Destroying the U.S. economy is a prerequisite for them to achieve The Great Reset and this appears to be the easiest way for them to see it happen.
Politically, it does not behoove Joe Biden to default, nor does it benefit his career to spark an economic collapse by invoking the 14th Amendment. But what if the things I’ve been saying for two years are correct? What if the powers-that-be who are controlling the Biden-Harris regime have no concerns about anyone’s political future because they think they can take the nation out before the next election? What if all of this is part of their plan? If Biden and Speaker of the House Kevin McCarthy are unable to raise the debt ceiling, I believe that would be proof positive that this is all being orchestrated to bring about our demise.
Unfortunately, raising the debt ceiling isn’t difficult. All the Uniparty Swamp needs are a few victories for both sides so they can tell their base that they won, and the can is officially kicked down the road. It’s unfortunate that it’s so easy because if we had real patriots representing us instead of the feckless RINOs of the Uniparty Swamp, we might actually be able to use debt ceiling negotiations to tackle the existential threat of a $31 trillion national debt and untenable deficits. Instead, we see punt after punt after punt because that’s a lot easier and more politically expedient than tightening our belts and acting responsibly.
If you feel powerless to stop all of this, it’s because you are. We all are. I despise having to be the bearer of more hopelessness but this isn’t one of the scenarios we can act against directly. Stolen elections have consequences. Now the best we can do is protect our own finances and brace for impact one way or another. Even a last-minute Uniparty Swamp deal will only mitigate the damage.
Stay frosty and be prepared. I’m not a financial advisor but I don’t think it’s a stretch to admit I’m doing like my economist friend and looking closely at gold and silver.
Mysterious “Skyquakes” Are Causing Strange “Booms” in the Sky, and Scientists Have No Explanation
by Michael Snyder
(End of the American Dream)—What is causing the extremely loud “booms” that people are hearing in the sky all over the world? We are being told that “skyquakes” are responsible, but scientists have no idea why these “skyquakes” are occurring. In some cases, the “skyquakes” cause such powerful shaking that…
The Biggest Sale on Long-Term Storage Beef EVER
by Sponsored Post
Let’s cut to the chase. Prepper All-Naturals is offering an unprecedented 40% off for it’s “Beef Steak” survival bags with promo code “steak40”. With a 25-year shelf life and a single ingredient (beef, of course), our most popular product is available for a very limited time with the biggest discount…
Seattle Is Ordered to Stop Blocking Illegal Alien Deportations in the Most Hilarious Court Decision Ever
by PJ Media
A federal court has just pooped in the oatmeal of the West Coast, Messed Coast™governors and local election officials suffering from acute cases of Trump Derangement Syndrome who think they can stop illegal alien deportations. And after this hilarious and thorough legal takedown from the 9th Circuit Court of Appeals,…
Illegal Alien Terror Suspect Found Dead in Cook County Jail Cell
by Slay News
An Islamic illegal alien has been found dead in his jail cell after being arrested on terrorism charges. According to CWBChicago, 22-year-old Sidi Mohamed Abdallahi was found dead at the Cook County jail in Illinois on Saturday. Abdallahi was arrested on felony terrorism and hate crime charges in October. He…
Trump’s Wild Bunch Is Ready for Action
by Frank Miele
If for no other reason than that it will elicit fear in the hearts of autocracy-phobics, I propose that Donald Trump’s second-term Cabinet be known as “The Wild Bunch.” The name is best known as the title of Sam Peckinpah’s classic 1969 western featuring a colorful cast of aging outlaws…
FAA Issues Flight Restrictions Over Questionable Drone Activity Near Trump’s Bedminster Golf Course
by Just The News
The Federal Aviation Administration (FAA) on Tuesday said that it has issued two flight restrictions on the area surrounding President-elect Donald Trump’s Bedminster golf club in New Jersey, following questionable drone activity. The drone sightings were first reported on Nov. 18, but have continued into this week, according to Fox…
Ex-FBI Agent Convicted for Stealing From Jan 6 Defendant During Raid
by Trending Politics
A former Houston-based FBI agent has been convicted of stealing valuables and cash while conducting searches. In one instance, the agent stole cash and silver bars from a non-violent January 6 defendant’s home. Nicholas Anthony Williams, 36, was indicted on January 31 in the Southern District of Texas. Williams, who…
Democrats, Media Elite Urge Biden to Pardon Trump’s Alleged ‘Enemies List’
by Breitbart
President Joe Biden should issue preemptive pardons to his political allies and those deemed to be on President-elect Donald Trump’s alleged “enemies list,” Democrats and their media allies believe. Delivering a preemptive pardon indicates an admission of guilt, although Democrats claim a preemptive pardon would only be intended to block…
Fani Willis Forced to Release All Communications With Jack Smith, J6 Committee
by Trending Politics
The Fulton County Superior Court has ruled against District Attorney Fani Willis, ordering her to disclose communications with Special Counsel Jack Smith and the House January 6 Committee. The decision, announced on Tuesday, follows a lawsuit brought by Judicial Watch, a conservative watchdog group, which accused Willis of violating Georgia’s…
Lindsey Graham Is the Warmongering NeoCon Leading the Charge to Upend Pete Hegseth
by JD Rucker
Pete Hegseth represents a shift away from the wokeness that has infected the United States military. This is possibly the biggest reason President-Elect Donald Trump tapped him to be the next Secretary of Defense and the vast majority of Republicans on Capitol Hill can support this, at least for the…
‘Where Are Black Democrats?’: Charles Payne Tells Personal Story to Call Out ‘Huge Double Standard’ of Biden Family
by Nicole Silverio, DCNF
(DCNF)—Fox Business host Charles Payne called out the alleged “huge double standard” of President Joe Biden’s family Tuesday by revealing that his brother, who struggles with a crack addiction, is currently serving a jail sentence. Payne said his brother, who is getting out of jail on Friday, is likely one…
Zelensky Admits Ukraine Can’t Retake All Its Land: ‘We Must Seek Diplomatic Means’
by Breitbart
Ukrainian President Volodymyr Zelensky conceded in an interview on Tuesday that Ukraine does not have “enough forces” to restore sovereignty over Russian-occupied Crimea and “must seek diplomatic means” to end the Russian invasion and regain its land. The state-run Ukrinform outlet reported that Zelensky described Crimea – which Russia colonized…
Ultra-Processed Foods: How Bad Are They for Your Health?
by Olivia Cook
(Natural News)—Despite the serious health risks associated with eating junk food, they remain the most consumed food products in many countries, particularly developed ones. But a review published in The BMJ, which studied 9.8 million people, warns that eating a lot of ultra-processed foods can increase your risk for 32 diseases. Among these are heart…
“Already Pretty Far Down the Line”: The Container Store Could File for Bankruptcy as Soon as Next Year
by Tyler Durden, Zero Hedge
(Zero Hedge)—As the retail apocalypse that started with Amazon and e-commerce continues, the latest victim is The Container Store. The retail giant could file for bankruptcy as soon as next year, according to the New York Post, who said the retailer is blaming its recent descent on “a weak housing…
Mysterious ‘Car-Sized Drones’ Over New Jersey Prompt FBI Investigation
by Zero Hedge
Several weeks of mysterious drone swarms over the skies of one New Jersey county near the military research and manufacturing facility Picatinny Arsenal have sparked concerns among residents and prompted an FBI investigation. “It’s kind of unsettling,” Mike Walsh, a Morris County resident who has spotted the drones on numerous…
UNESCO’s New Mission: Train Influencers About Combatting Online “Misinformation”
by Reclaim the Net
The UN Educational, Scientific and Cultural Organization (UNESCO) is now incorporating teaching influencers how to “fact check” into its activities. UNESCO claims that influencers have become “primary sources of news and cultural information” around the world – which prompted it to carry out a survey into how these online personalities…
