It is obviously an older video since the DOW was showing around $11k. I believe it is now over $16k.
The huge debt will destroy the US.
Bitcoin user affected (with huge gains in USD value).
The huge debt will destroy the US.
Bitcoin user affected (with huge gains in USD value).
Why would a debt denominated is USD destroy the US? I'm not sure I understand that point, if anything they should borrow as much as they can while still maintaining a semblance of credibility. That seems like the rational thing to do unless I'm missing something. Which is quite possible...
when you borrow and can't pay what you borrow back, you lose sovereignty
hence banking dynasties
As long as they can print the money they'll be able to pay it back, they are the ones in control here. As long as people are willing to lend then they are alright. It would take a lot more than the current debt to really have any sort of effect I would think.