"The Black Wall Of Debt" has been known for a long time. Eventually the system WILL COLLAPSE because it's a Ponzi Scheme. You will run out of "new money" and the empty accounts are exposed.
Constant growth isn't sustainable either. Recession and de-flation need to happen now and then. Oh it hurts, but the other option is complete collapse.
Printing 40T and paying off the debt is one idea, but I think this guy just wants to print 40T and spend it :/ Saving 1T per year would almost balance the budget? Healthy cuts across the board would too.
But then there's debt on the State and Municipal level too...
I only made it 3 minutes in :p
Cutting frivolous spending and cracking down on schemes that divert billions of dollars to foreigners and the ultra-rich is still off the table, of course.
And the asset class watches all of their shit double in value. Shit they bought with free money.
This is their "looting the treasury" moment, btw.
You should care about this, because unbacked issuance of currency has another name:
Inflation.
He wants to cut the value of your dollars in half.
"The Black Wall Of Debt" has been known for a long time. Eventually the system WILL COLLAPSE because it's a Ponzi Scheme. You will run out of "new money" and the empty accounts are exposed.
Constant growth isn't sustainable either. Recession and de-flation need to happen now and then. Oh it hurts, but the other option is complete collapse.
Printing 40T and paying off the debt is one idea, but I think this guy just wants to print 40T and spend it :/ Saving 1T per year would almost balance the budget? Healthy cuts across the board would too.
But then there's debt on the State and Municipal level too...
I only made it 3 minutes in :p
Cutting frivolous spending and cracking down on schemes that divert billions of dollars to foreigners and the ultra-rich is still off the table, of course.