Sven Longshanks and Dr Matthew Raphael Johnson look at the American economy and the debt ceiling.
Janet Yellen is warning about America defaulting once again, if the debt ceiling isn’t raised.
This regularly has to be done, because America is trillions of dollars in debt with no hope of ever paying it off through taxes.
Interest rates are at almost zero and the real debt is actually four times higher than the number admitted to.
In order to cover this the Fed created 20% of themoney supply last year without even basing it on loans taken out.
This is the real reason for the money problems, the virus is just a convenient excuse.
Presented by Sven Longshanks and Dr Matthew Raphael Johnson
The Daily Nationalist: America’s Debt Crisis – DN 090921
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