From YT: “In which John discusses the U.S. public debt, our dangerously high debt to GDP ratio, the S&P’s downgrade of America’s credit rating, and why our debt may not be as unmanageable as it seems.
There’s also some general discussion of economics, currency, the gold standard, and the worldwide financial system’s dependence of the American dollar.”
I have seen quite a few ‘how to understand the US debt videos, and this is definitely one of the better ones.
He still doesn’t seem to give a very firm answer one way or another about whether the world has screwed itself, but I think he’s in the ‘wait and see’ camp like most people.
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