What is U.S. Debt? - P1: Intro to Debt

[tommy35ss]

They'll destroy the dollar with this debt, buy gold and silver while its cheap. Let me rephrase that, theu are destroying the dollar

Ron Paul 2012

[aldrika0515]

u guy need to run for president

[567890dan]

your animations are always great

[dishesdealer417]

so all that social security money that was forcibly taken out of my paycheck since I was 15 is something I am never going to see again. They already reaised the age at which I can retire.

[vadh09]

YOU VIDEOS ARE THE BEST

[koffiewolf]

Can you do the Euro Crisis because as a europian wo live,s in a county that always followed the rule,s and aren't in dept don't like that i pay 500 euro a year to county,s like Greece and i kinda want to know were that money go,s to.

[eahere]

Ok, lets say there is a fixed ammount of valued resourses on earth, then there would be a fixed value on money right? So where does the money paying for the interest come from?

[Twichtiez]

:D pack your bags , we're going to Canada :D all the non- steroid polluted milk u can drink

[Unrefine]

So who paid Epipheo to make this?

[manocake1]

The last part was... Scary

[crogsvien]

if you have to pay the bank just blow it up. 1 nuke = 0 debt

The math is easy, and so is pushing a button.

bye bye china.oh wait they have a buttons too. you're stuck paying the debt

maybe that is why so much has to be spent on defense, I wish it would be easy to get rid of credit holders.

[ShikamaruTKD]

@crogsvien you cant erase debt by pushing a reset button

[crogsvien]

@ShikamaruTKD I know you can't erase debt, if the US could it would. Any way it knows how. That is all I'm saying.

[eightonefour1]

at least i didnt get rick rolled

[AwesomianProductions]

Holy crap that's an eye opener.

[MuddaEshole]

Awesome

[TheDesaster7]

great! thumps up for part two?

[GeorgiaAngel17]

Part 2 explains what we can do about it, right?

[lifestudios]

@GeorgiaAngel17 You wish!

[tookthenight]

We definitely spend way more on defense than the video made it look like. Don't we spend over a trillion? Way more goes into defense than on medicare, social security, etc

[eightonefour1]

@tookthenight defense? more like offense, trollololol

[tookthenight]

@eightonefour1 Couldn't agree more!

[CreativeEyesFA]

What programm do you use for those videos? How much work do you put into those?

[therealorberon]

epipheo. You guys watched the inside job? i'm quite you guys have already.

[XIMacManIX]

That's why I live in Canada :)

[timtim2500]

superb... but i feel the background music is little higher than it should be?

[cjpiano79]

Don't forget the part about how each dollar (federal reserve note) is actually created out of debt because it's instantly owed back to the federal reserve!

[TheJuansLife7]

i would like to see more of what happens, in more practicle terms when debt can not be payed and it keeps accumulating. everyone keeps saying that everything goes to shait which i believe, but as far as how it goes to shit? i stif dont totally get. so no one has savings anymore when debt is defaulted on right:? so what? big deal ppl still have jobs..... right?

[TheJuansLife7]

waw Amazing! i really commend u epipho for talking about this, i look forward to the rest gl! sharing!

[kessishkin]

Thanks, Now i understand :) Your the BEST!

[furkanpolat24]

i love this channel!! please post videos more often..

[PDzero]

Why no mention of the fact that all the new money that is created from the Central Banks also comes with interest...for which there is no money to pay that interest to begin with. In other words, money comes with a certain amount of debt by default.

[epipheo]

@PDzero good idea. do you know of any good articles explaining that?  We are looking for good follow up video topics.

[PDzero]

@epipheo Good question. The only quick english source on the internet I can think of is Zeitgeist: Addendum. Maybe you should check out their sources.

[cjpiano79]

@epipheo check out "The American Dream" 30 minute animation on the topic

[drewry]

@epipheo check out v=Dc3sKwwAaCU on youtube, as a student of economics I was able to watch this and apply it to what was being taught in class. It explains the history of fractional banking (which is the basis for all central banking). Basically, all money is debt because it is borrowed from a central bank, any note payable assumes a certain amount of interest but in order to pay off the original note more notes must be printed. A US dollar is a federal reserve note. Also look up note.

[xxnicoleq]

@epipheo Explain why the US, even in debt, is still worth more than Australia?

[xxnicoleq]

@xxnicoleq why the US dollar**

[bliink182]

Lets hope this gets a lot of attention! Keep is up epipheo

[melanyebaggins]

Zombie apocalypse will solve everything *nods*

[lifestudios]

Can't wait for part 2!

[GreenSight201]

well all I can say after watching this is that we're all fucked.....

[gd1975a]

Oh my...

[GravityBeats]

This is going to get viral!

[567890dan]

@GravityBeats forget going to, it MUST get viral

[MOOJL]

Awesome as usual!

[bboysaltillo]

Soo good!

[kbihani70]

WHOA....

[MSGPresident]

Superb as usual, sir!

[epipheo]

@MSGPresident Thank you sir!