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Debt Crisis 2015 United States of America Explained in a Simplified Way

by Akash Vedi • 1,147,536 views

Debt Crisis in United States of America, A Simplified way of understanding the whole scenario of the debt crisis, the inevitable collapse of the american Economy. A must watch simple explanation...

Jamaar DeBoise Shared on Google+ · 3 months ago
This is a fantastic video. That takes a simple concept that has been over complicated by news pundits and politicians and brings it back to something very understandable. In 5 minutes no less. 
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Great idea... Fight Iraq and take its oil because they have oil they are terrorists
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simply because you couldnt just take all of it tell me do you think usa went to war because of kuait?
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+abdulmohsen altamimi What does this mean? Are you talking about the Gulf War in '91? Yes, the US had a 1 month war with Iraq because they invaded a sovereign country (Kuwait). Once they were kicked out, the US left (without anyone's oil).
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Soon this overweight beast will collapse under it's own weight, Inshallah! And the vacuum it will create shall give way to the final Caliphate until the day of judgment and our real messiah (Jesus son of Mary) will fight your false messiah Ad-Dajjal (The anti-christ) and the earth will be ruled with the Sharia of Allah(Swt) and it will be filled with justice just as it was filled with injustice. Allahu Akbar
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And when the global financial collapse happens revolution will most likely begin. Millions will die from lack of resources and warfare. People will be calling for the heads of the douchebags that enacted the ridiculous federal reserves that corrupted the whole fucking system to begin with. Reserve banks are the cancer in the system. Loaning the people the nation's currency at interest in a huge fucking mistake. A robbery of the worst kind and it'll bring the whole system crashing down because a few greedy fucks decided to rob EVERYONE world wide. It's a broken system. Either replace it with a resource based economy or hold the greedy fucks accountable. Oh that's right they've got everyone in their pocket so they're untouchable. Fucking bullshit. Why is it no one listens to voice of reason? If people did so maybe we wouldn't be heading towards extinction by greed!
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+Demogorgon47 ooooooohhhh come de revolution bullshit again.
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+Bern Wermple china will no longer have a market to sell its products to .if we dont have an income we will follow america
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This video is half right, every time the U.S Government prints money it makes existing money worth less. What this video failed to explain is the real reason why businesses are going over seas for manufacturing, and the true reason inflation happens. Rule of thumb: Any cost imposed on business is a cost imposed on the consumer. So when people say they want higher taxes and more regulations on business they don't understand who is actually paying for it. Is it the CEO? Nope. Is it the Board of Directors? Nope. Is it the Shareholders? Nope. The workers pay for it by getting their hours cut, pay cut, or they even get laid off. The Unemployed pay for it with less available jobs. The Consumer pays for it by paying a higher price for goods and services, cost of living goes up. Knowing this, if it costs too much money to do business in a certain are, that business packs up and moves to where it is cheaper, this is why businesses are going over seas. How do we get businesses to come back to the U.S? Easy, make it cheaper for them to do business here in the U.S., get rid of majority of regulation and taxation on business. Not to mention these regulations and taxation only benefits the Government's favored businesses by destroying competition and any future competition. The U.S used to be the cheapest place to do business and the best place for other nations to invest their money, not any more.  The U.S used to be a place where someone with no High School education can get a job and make enough to buy a home and support a family, not any more. For the past one hundred years the Free Market Capitalist system we had has been chipped away and leaving us with what we have today, a Crony Capitalist system that is leading into Socialism.
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+Grendel Wolf And cutting taxes on companies won't make the deficit problem even worse, because..?
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+ikschrijflangenamen When you say " Tax Business" what you really mean is tax the people who work there. You can't tax a building. Cutting or even eliminating business tax would allow businesses to invest back into their business so they can open up more stores, buying more machines or computers, hiring more people, pay more, provide more benefits, etc, etc, etc. In short, there would be more jobs, more better paying jobs, job security,the cost of living will drop significantly, more competition, more opportunities for poor people, etc, etc. That would definitely increase tax revenue since there would be more people working and paying taxes, more people buying products, more people buying new cars, houses, etc. The U.S deficit after Bush left office was approximately 4 trillion, now under Obama it is pushing 19 trillion. The Government, especially Democrats and Rhino Republicans love to tax and regulate so they can spend more, well there is not enough money in the world to feed the Government beast without racking up deficit, and there is not enough money in the world to pay off our deficit. Let's say for the sake of argument we kill all those evil 1%ers, everyone making over 150K a year, and steal all their money and property. The U.S economy would barely last for one year and still not even dent our deficit. So taxing the rich and business ( which is the same thing really) is counter productive and does not solve our economic problem. The only way for the U.S deficit to get under control is for the government to cut spending, and cut deep especially domestic spending such as most of the welfare/entitlements programs, and abolish certain government departments like the Department of Education, Department of Commerce, HUD, etc. Cut regulations and taxation on business so they can create jobs, lower the cost of products and services, and to give incentives for other countries to invest back in the U.S.
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I stopped listening when he said 'Our' federal reserve.
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The real American people will very likely believe its government on some bullshit propaganda and start a war with their biggest debt-owner. Im not gona pay you shit because I can
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+Van Vu It's not up to you to decide that.
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+Exospheredweller  its not. However history is a mirror for the future. When did the people of the USA not listen to its government on a war?
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This video 4 years old and is copied.
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Oh, for fuck's sake! There is no national debt crisis! The US doesn't have a budget problem! It has a revenue problem! The US just doesn't tax nearly enough! Especially at the top of the income scale! The solution is so simple! Just raise the taxes on the richest people, and borrow more! The interest rate is still very low! With the money you borrowed you can massively invest in infrastructure! The return of that investment is more than enough to repay the debt! Uncle Sam has done this before! His name was Eisenhower!
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+Aggelos Tzurtzi We'll see. Almost a billion people worldwide work in co-ops now.
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Yes but syndicalism is not enough ;)
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Moral of the story: Don't borrow from each other.
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Check out my latest production The Rise And Fall Of America on my homepage. A must watch and please make sure to share with your friends!
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What about lowering high taxes to get more money (laffer curve)? Governments get more money, because lower taxes incentives business to make more money and then to invest that money in jobs so that they make ever more and so on, and with more jobs every cycle, more people will be able to pay taxes to the government. Also, lowering already high taxes will let ordinary people save money to spend on other things that will also help businesses. 
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+Thvndar I'm not sure I understand what your arguments about "Reagaonomics" and who benefited from what has to do with the Laffer curve and I seriously doubt Art Laffer disagrees with the Laffer curve.  Whether or not he agrees with the economic policies he helped implement during the '80's is another question, but the Laffer curve is nothing more than a graph of revenue collected vs. tax rate.  The Lieutenant may have incorrectly implied tax cuts always raise more revenue, but that doesn't mean the Laffer curve is somehow disproven.
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+leandrox1 You do realize that the Bush tax cuts increased progressivity, not decreased it, correct?  The top tax bracket went from 39.6% down to 36%, while the bottom tax bracket went from 15% to 10%.  In other words, the rich saw their marginal tax rate drop just under 10% ((39.6 - 36) / 39.6 = 9.1%) while the lowest tax bracket dropped by 33% ((15 - 10) / 15 = 33%).  The relative drop in tax rate was HIGHER for the low incomes.  Of course, what's the right level of progressivity for a leftist......just a little more.  The left will never be satisfied with the level of progressivity in our taxes.
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All bullshit. Take a look the countries which owe us money in billions. Worst case, government print more money and inflation would get higher. We have most advanced arm forces and the best weapons of mass destruction. Trust me, government won't simply fall without a fight.   We would take everyone down before we fall. That's for sure.
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Why doesnt the u.s just pay their debt and not distribute it to the banks but just to their debt? Sure some of that debt is owned by american investers but the majority is foreign investors.
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Štefan Danko Shared on Google+ · 4 months ago
Najjednoduchšie vysvetlený globálny ekonomický kolaps...
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When I was working and the owner expanded the business, my wages did not go up. I had more work to do and they hired one more person, but it did not increase my funds. Oh yeah, the family drove a nice Lexus so we know the $$$ went in the owner's pocket. I resigned from the job bc I could not pay my bills working minimum wage.
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+Kayla Nguyen Sounds like you did what was in your own best self interest.  Good job.
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+Kayla Nguyen You should have asked for higher wages then. If the owners aren't struggling and clearly have the money to afford a nice luxury vehicle, then they can afford higher wages for you, but they might not be willing to keep you on.
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The answer to our debt problem is actually quite simple.  First, we have to control our spending.  Until we do this, there is no point in having any more conversations about revenue, how to pay the debt, etc.  We have to demonstrate that we have the political will and systems in place to truly live on a balanced budget.  Once we do that, the question of what to do with our existing debt comes up.  We could pay it down, but that will take a long time and of course, lead to recession as we deleverage.  We could also, only take on new debt needed when old debt comes due to perpetually roll our debt and just keep paying interest only.  This has the benefit of not requiring the major deleveraging that paying down debt would have, but puts us at risk if borrowing costs should increase for us.  Finally, once we have our spending under control, we could just declare by fiat that all prior debts are null and void and move on.  Unless an entity wants to go to war with us, their options are limited if we don't need them for new financing and we simply choose not to pay them.  Now, this will obviously affect the govt's ability to borrow in the future, but I kind of like the idea of no one wanting to lend to the US govt.  Seems it would create nice downward pressure on spending.
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How about the entire world just band together, drop all debt, have one world currency, and finally become a Type 1 civilization.  And anyone or country who doesn't comply is considered a rogue barbarian and free to kill.
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+Alper Turkoglu Considering 5% of the world's population is Americans, I'm guessing your 99% figure is overstated. Sure, there are America-hating socialists in the US, but that probably doesn't even top 10%.
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+Alper Turkoglu Yeah, no. In most countries outside of the US, the approval rating for the US is between 60 and 80 percent, with the occasional 90+% coming in from countries like Kenya, South Korea, and the Philippines, which all benefit directly from American military and financial aid. The only places where this isn't true are our military and/or economic rivals - like Russia, China, and Germany - which usually hover between 40 and 50% (Unless there's an event which increases tension, like Crimea, which has caused out approval ratings in Russia to fall to 23%), and the Middle East and North Africa, which bounces between 0 and 40% approval rating, for obvious reasons. In other words: No, you're completely and utterly wrong. http://www.pewresearch.org/fact-tank/2014/07/15/which-countries-dont-like-america-and-which-do/
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In order to solve this problem, you need WAR, because during the wartime there is no inflation, nobody thinks about money but only their lives and small food. And it is the best option to start from 0. Wars start and end inflation, one nail drives out another. Either there will be a great war killing so many or there will be some teenagers posting stupid stuff on instagram. You choose :)))
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Fucking SPEND MONKEY!  Asked if he is going to balance the budget... O'Dumbo blatantly responds NO.  How did we ever end up with such a SOCIAL RETARD for a president?  O'dumbo just spends and spends and spends... raises the debt by TRIPLE what any other president has, and just prints more money to cover it.  But when he prints more money, is ANYONE seeing it go to THEIR pockets?  NO WAY!  Our SPEND-MONKEY IN CHIEF just gives it to the bankers and debt holders to pay interest on our flippin 18 TRILLION debt which goes up 3-BILLION every dang day!  3-Billion a DAY is MORE than the entire nation's revenue!  That's right, you social LIBTARDS, O'dumbo is SPENDING more money than the entire nation MAKES. And he is GIVING the Majority of it to ENTITLEMENT MONKEYS who DON'T WORK and just SPEND what we Working Taxpayers are giving them!
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Borrow Money to pay borrow Money WHERE did YOU get that IDEA.......... Love the VIdeo
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This is the best video I've seen ever to "simply" explain the debt crisis.
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You forgot the part where the federal reserve profits go to private banks and not the national treasury.
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yeah the parasitic European central Banksters !!
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Cut militairy spending, and raise taxes, americans live one of the most luxery lives in the world. Just because they are the most powerfull country in the world (thanks to Europe, else they'd still be living in tents, hunting buffalows) doesnt mean that they should have an overly huge militairy and ignore their depth
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Osama A. H. Al Tameemi Shared on Google+ · 1 day ago
Nice Info -- Well explained
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Ted Forbes Shared on Google+ · 1 month ago
This is real bad.
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It's hard if not   impossibe to comprehend one trillion of anything-this helps: To count to 1 million would take 1 week. To count to 1 trillion would take over 31,000 years.
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Simple. Address the Trade Deficit, so you export goods more than you take in. Then, you can slowly pay down the debt.
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One of the easiest and fastest ways for USA to cut there spending is too cut your ridiculous 7 trillion defense budget. Even if they cut defense spending by half they will still be spending twice as much as the next country. USA needs to shut down some of its overseas base's, pull its troops and ships back to USA. USA needs to park half there carriers, which still leaves them with 5 which is over twice as many as the next country at 2.  But no USA wont cut its defense spending because USA is a warmongering nation which wants to start a conflict/war. This is why USA is making crap up about Russia and China.
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Martin de Lange Shared on Google+ · 1 month ago
Debt Crisis 2015 United States of America Explain…: https://youtu.be/Jjv-MtGpj2U
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world conquest...every empire in history embarked on it...now, the u.s.s.a
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I thought America was owned and run by Illuminati Lizard people....do Lizards accumulate debt?
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The US will not default on its loans. The US ' S debt poses no risk to the economy. The debt post WW1 was higher than it was now and that proceeded the largest expansion of the economy ever. And so is the pattern throughout US History.
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+American Patriot You already have a fat heap of nothing, maybe you should try some logic.
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How does stkkmarket work
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Why don't we all share the same credit? We could act in the same way if we had our worth. Your worth is my worth. Your work is my work. We work together.
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Arb ra Shared on Google+ · 3 weeks ago
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how america will pay their debt?. simple they just nuke their creditors
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Actually gasoline is a different story because the United states are in agreement with foreign countries on the minimum price for gasoline so they can't have it below a certain price point. This is so that they accept the US currency to pay for gasoline or else countries would not accept the dollar as something with value. This is also why we are having wars with Iraq and other countries so that the United states can tell the other countries that if you don't accept the dollar you better be prepared for war
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သား သား Shared on Google+ · 1 week ago
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I think it would be a huge assumption to say that we cant cut any kind of spending without making the recession worse.
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its illegal for u.s to default
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2015 and the economy keeps running. tsk tsk tsk
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+Jonathan Grenier That is how it works. It is a fucked up world we live in.
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Well explained thanks. Do you mind if I share this?
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@mofosavage you just described the end times ploy
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Does the Fed simply give money to the US government? I thought they loaned it. Also, could someone explain to me how other countries appear poorer when they buy US bonds?
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+Sasukekillsitachi Germany - gasoline $6.00 gallon. Sales tax 17%. But yes, the Germans do make better goods (except cars - they are electrical nightmares).
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+12thpanzer ach, sie sind immer noch tollen Autos!
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The reason why this video is not completely accurate is because the demand for the USD has increased as much as the money supply, therefore there has not been any unhealthy inflation (it has been around 2% which is the desired amount).
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You need to get the facts about money creation straited out.
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This was always the plan so we all will accept something much worse! Can you say Slavery ! Time for people to tell governments to wipe out debt to bankers and the IMF they have gotten more than their fair share of our money! time to be come a helping hand to the world ! haha Sending love
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Okay, we're now going on 4 years since this video was produced.  Will the author now apologize for being so wrong or will we get the usual "well, it hasn't happen yet, but I just know its around the next corner!"??? Given that such scaremongering has been going on for decades, I doubt an apology is forthcoming.  Instead, we'll once again get the double-down certitude of worthless dollars and the zombie apocalypse just around the next corner - all from people who don't have a clue how our monetary system actually works. Do yourself a favor and use this example (there are countless others) and get off this do-loop - read something on Modern Monetary Theory (Realism) - it might keep you from making some Rick Santelli mistake that will wack your bank account and it might just help your country - informed people are the basis for a good democracy.
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It's hard to enumerate how wrong this video is.  I mean, at face value there is some truth to it (the best deceptions have a hint of truth), but it only tells you the first step, not all of the other consequences of a system the narrator clearly doesn't understand economics. It would be like taking about buying a car purely as an expense without explaining anything more....Like that a car makes it possible for the average person to get to work and earn enough money to buy the car and then some. For example, while the buying power of "a" dollar has decreased over the last 100 years, salaries have increased 3 times more over the same time period.
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The Chinese hold approximately $1.2 trillion of American debt. One percent interest on that is $12 billion a year. With that, the Chinese could (almost) build one Cowboy Stadium per month or (almost) one nuclear aircraft carrier per year. And that's JUST the interest JUST at 1%. If interest rates go up a single point, they could buy twice as many goodies.
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Debt of 2015 = 18.1 trillion Debt of 2017 = 20.6 trillion
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Rich Williams Shared on Google+ · 4 months ago
Debt Crisis 2015 United States of America Explain…: http://youtu.be/Jjv-MtGpj2U
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The debt of the USA is 16.trillon rounded up.You don't want to get layed off like I did,Believe me it's know fun.
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A resource based economy, the USA used to have that, it was called trade, for example if you had salt you might trade for seed then the crops yield could be a large wealth starter 30 lbs of crops might get you a horse and then later you trade for another and start breeding them , the harder you work the more wealth you accumulate . though this was most common before the 1930's and most common among the people and Pilgrims in the countries early stages although currency existed trade was very commonly used .
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hi akash....first of all thank you so much for this upload. its really helping me. just a question...@2:30 i didnt quite understand why the other countries 'looked poorer' when they lent money to uncle sam? can you or anyone please explain..it would really help me. thanks in advance.
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+Viraj Circar okay i think i got my answer. thanks. my god this is some scary shit. thanks again for the wonderfully explained video!
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Couldn't the whole world just forget about the debts and start over?
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HOW DO WE PREPARE THOUGH?
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Shamar Ahmath Shared on Google+ · 4 months ago
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Gene Hanson Shared on Google+ · 4 weeks ago
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Educate yourself.  Global Economic Collapse is almost here.  The US dollar is worth 30 cents.  Watch this, and store food and water.
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Uncle Sam's bills were run up by Geo Dubya Bush and the "fiscally conservative" Republicans. It looks like Iraq is going to fall to ISIS. Although I am no fan of ISIS, I'm happy to see Dubya's and GOPig's war of choice lost with the "fiscally responsible" Republicans pissing away trillions and accomplishing fuck all!
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after watching this video americans still dont get it
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no problem, uncle sam has abundant of nature resources.
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2015o? Typical fear mongering
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a 3rd world countrie is force to pay back but the richer countrie gets to print its money that bs
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  Please stop calling it a Deficit, that's a Accounting term that to many people don't understand. I long ago stopped using Deficit and replaced it with OVER-SPENDING. That people understand.
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BROKE is more of a laimens term...
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I'm Canadian and I'm worried about the debt loads of my country, the US and Europe. I am no economist but I think we need to both increase taxes, reduce tax loop-holes and cut government spending. Not huge amounts but slowly so that a budget surplus is the norm. We already have a massive "debt bomb", let's start consistent dismantlement it by paying that money back. If all nations in debt would start slowly doing this it shouldn't be too disadvantageous to any one country. I don't like the idea of more taxes and spending cuts but isn't it better to make it a little harder for everyone now than future economic collapse which would put a great deal of people in situations far worse than a little belt tightening? This makes no one happy but doesn't cripple any party (individual, company, government, etc) involved in the economy. This is pretty simpleton economics but does anyone have a better solution?
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+Doug Patterson Think about paying more for something and how much that would impact you
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+Sean Puffynipples It would be inconvenient. I would rather cut back a bit now and reduce, or eliminate, financial catastrophe in the future.
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1:30 - taxing the rich isn't a fair option? Fail in 90 seconds... awesome!
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+Luke Dodson your comment makes no scene. i even asked an american. he confirmed what i knew. what is this conspiracy theory you are spouting out?
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WW3 is coming, USA is trying to start it in some other countries, to get it's debt off, Russia is trying to stop it, let's help them to stop us government. Or planet will blow !
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Good job making it easy to understand for those that can not wrap their minds around the truth.. New sub here
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make it 21t in your next video
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So do i take out all my money out from my bank before they keep em for themslefs?ha..thats greats..
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Why don't you cover the Petrol Dollar Recycling system. It is actually the sole reason why there has been no collapse yet. As long as it's in place the current system can go on forever. The catch is, if the system collapses, it actually makes the entire collapse worse.
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It's the fall of the WHITE MAN'S RULERSHIP and time for the BIG PAYBACK. Because you owe debt to us..
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Still thinking with that high powered monkey brain of yours is really going to help you in the future. What future? You will be first race we take out for all the harm you have plagued on this GREAT country! The U.S.A will rise again as soon as monkey brain is out of the White House!
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Hell, you thought my brothers were bad, wait until I get there. I will burn and then salt your fields. When I am done the shattered pieces of your swine fed bones and the bones of your flock will bleach together under the blazing sun in a blasphemous offer to Allah.  If we cannot teach you honor, we will teach you pain and death. We've tried to live peaceably with you, but you couldn't get past your cult's obsession of world domination. You began the conflict, we will end it. Your wish for the end of the White race will be your downfall. Oh, would you like to buy a box of Girl Scout Cookies? The kids are selling them now. Toodles.
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so how do you fix this
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I have a question... I've been very concerned about the debt crisis for a long time, but one thing I came to realize this year is that almost every other country on the planet is printing money at a faster rate than the USD. The USD has increased in value in currency exchange consistently over the course of the past century because other currencies are inflating their money with even more fiat printing than we do. So if that is the case, aren't we just able to continue to print more and more money? On a global scale, even though we are experiencing substantial inflation, other countries are experiencing even far worse inflation than we are. The USD is still incredibly strong vs other currencies, and it grows stronger every single year because we print less than they do. We do also create some great products and exports. So knowing this, why wouldn't other countries still want the USD in the future? Why would our dollar collapse? Is the debt crisis really just a false alarm then? Or is there a reason why this fiat printing and borrowing truly is something to worry about? If you can explain this to me I would be very appreciative and thanks for reading. PS: Inflation sucks without complimentary wage increases.
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If you see two people fall from a cliff and one is falling faster than the other, the slower one might appear to be doing well. However, at the end of the day they both go splat.
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borrowing money from other countries causes appreciation of our currency ?
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the only solution is to cancel depts and internest.
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coughs do what iceland did coughs
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hey it's 2015 and no recession yet, whatever. Personally I think the US should become more socialist but we'll see.
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why are banks willing to buy government bonds? I don't understand this
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+IronPump89 Banks buy government bonds as an insurance. Banks receive money from civilians, but the problem is more people borrow than deposit. By buying government bonds, banks secure themselves as 'trustworthy to load'. This means that the bank will receive money from the government and FED to further loan to civilians. This leads to more money coming back to the bank due to interest.
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so as long as we have magic funny money the system wont collapse.
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The us spends more on welfare then the military
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Which really tells me that there is something really wrong with the system. Its not geared to benefit the poor, thats for sure.
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There's are quite a few inaccurate pstagements made in this video. Primarily the nature of inflation and the role of a growing money supply. Fiat money inconvertible into any commodity does not automatically lose value as the supply increases. Reserves injected into the financial system when the Fed purchases gov debt does not go directly into the economy. These purchases create a more liquid banking system but this does not necessarily mean the dollars are going into the economy in the form of loans made by commercial banks. This is dependent on the velocity of money which is a function of demand for dollars.
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Get a REAL job, Uncle Sam!
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suppose govt. start printing money to pay domestic debt then people would get back their money and but for now onwards they wouldn't get interest  and so effectively their income will go down and hence they left with two option either save the money and cut down the spending or invest this money somewhere else but in neither case they spend more and hence technically  inflation should not increase.  in second case if American govt. start printing paying their debt to china then Chinese central bank would have more dollars and technically dollar value in terms of yuan would get lower but Chinese wouldn't do that because this would destroy their export market and hence whole economy.
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the govt cannot print money the feds do,,and the feds are directly responsible for the debt in the US,,Obama could begin to wipe out debt with a stroke of a pen but he will never do it,,,,
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+karl wills I meant Fed only. Thanks for pointing out mistake.
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Can't wait till all the looting and mayhem
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print more money have an inflation pay off the debt stop printing more companies back into the us and start all over again either way the US is never going to default
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+tar102030 Unfortunately, having everyone line up at the banks every six months to exchange 1000 old dollars for one new dollar, isn't a much better situation.
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start preparing now people while you can. because it is the end of the world as we know it.
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Right...and the dollar was going to collapse but four years later the dollar is king once again, the US economy is on top and American debt levels are ranked 36th in the world...so what's the problem?
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this video was made in 2011
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king of what? toilet paper? you even know no one wants your money anymore? try travel for once dumbass
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How do we pay off the national Debt? Easy. If the gov't instead of borrowing money, just created the money which would be backed up not by gold or silver but the goods and services the country produces. Impossible you say? Well since 1816 that's what Guernsey, an English protectorate has been doing. Wrong you say to just create money? LOL Our banking system does it all the time AND CHARGES INTEREST. Banks never loan out what customers deposit. They just create a loan based on what their deposits and any bonds they hold minus the reserve requirement that the federal reserve says they must set aside. Then when a loan is paid off, that money leaves the money system. Poof, they create a loan, paid off, poof its gone. Will their be screams and cries from the banking system if we change our money system? Hell yes. But, who's side you on? The banks, or regular citizens you don't loan out money for a living. There's a book called The Truth About Money. Not sure if its still in print, but I have a copy. If you want to read what it says I can scan some pages and email to anyone interested. The politicians scream about the national debt, but of course they really only work for the special interest corporations, not the little guy.
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18.000.000.000.000.
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