$20 Trillion: U.S. Debt Crisis | Peter Schiff and Stefan Molyneux

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  • PsychedelicBadger reply Hardly surprising to see that a gold dealer isn't bullish on cryptos.
  • Rage_By_Nightfall reply Economy has sucked for the longest time, people losing their homes, everyone going on welfare, everyone buying and pushing on credit.
  • RayOfHope reply As fiat money is a mechanism for distributing resources in the economy, it means that every new loan created is a tax on the rest of the economy. What's worse is that repaying the loan does not compensate those burdened by that tax and the opportunity cost lost by those thus burdened remains entirely invisible.
  • American_Girl reply We are the collateral, so if the dollar does go, the burden to the banks will fall on each one of us. Check out my channel.
  • [ – ] AmandaAnderson_1 reply I am of the belief that the 20 trillion is a made up number by the government to hold people in financial slavery. It doesn't make sense and if we had this debt nothing is stopping other countries from pulling away from us and let us drown. Nah, that's not how global trade works.
    • MGTOWLIFE parent reply You're almost right with one correction. It's a number made up by the Federal Reserve, for the same purpose. The FR is a privately held bank accountable to its shareholders. NOT the federal govt.
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