The link to the article: https://www.somethingfeelswrong.com/revisiting-the-subject-of-debt/
Links for the three videos mentioned in the article that you should watch:
https://www.youtube.com/watch?v=XqUwr-Nkq9g What 20 trillion looks like
https://www.youtube.com/watch?v=cWt8hTayupE Dated but emphasize it was done when the budget was 3.6 trillion.
https://m.youtube.com/watch?v=LlQX4fmRrpI A Bigger Crisis Is On The Horizon, And It Will Last For Decades.
If we’re not willing to backtrack a bit will never understand why we find ourselves where we are. For the purpose of this video I travel back to Britain during WW2 between the years 1941 thru 45 when Britain found itself running short of capitol. The many elements of funding a major war were taking its toll on their GDP. They needed cash and lots of it. Initially they borrowed against future taxes from their own citizens. Around the same time they also borrowed from Canada. As per the case the majority was from the U.S.
I bring up this vital to understand point to emphasize how unrealistic an idea it is to think for a moment that the current debt will ever be made good on. The nation’s debt is currently in excess of 20 Trillion dollars with a debt to equity well exceeding 100%. Here we are in 2020 that’s 79 years later!!! Britain just made its final payment owed to both Canada and the U.S. Understand what you are witnessing and that is?
What we’re all witnessing is a smart ploy. Remember Emanuel‘s “You Never Let a Serious Crisis Go To Waste” The Coronavirus does exist and yes as all viruses do it has killed. However it’s really being used as a catalyst to set off the death of what was already a walking dead world economy. The numbers don’t lie when accurate they never do.
Anybody who can for a moment justify shutting down a world economy over a virus carrying normal to less than normal fatality rates once the true facts are placed into the equations is an idiot basing their decision out of fear caused by ignoring available information… by being Ignorant. Shutter an entire planet for less than 82,000 fatalities worldwide. People Please!!!! Until Next time.