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America's $36 trillion in debt. 
That's the number so big it 

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almost stops meaning anything. 
But it's still money owed to 

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someone. 
People point to China holding 

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hundreds of billions in US 
bonds, yet China itself drowns 

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in trillions of its own debt. 
Look at that made in China. 

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Their banks hold American debt. 
Our banks hold theirs. 

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Europe holds Asian debt. 
Asia holds European debt. 

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Every nation borrows, every 
nation blends. 

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And together humanity now 
carries $300 trillion in debt, 

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collectively triple the size of 
everything the planet produces 

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in a year. 
So who's it all owed to? 

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The truth is that nobody really 
knows, because debt no longer 

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moves in straight lines. 
It moves in loops, like I'm 

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moving right now in a circle. 
Can you see that? 

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Wow. 
Governments borrow from 

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citizens. 
Citizens lend through banks and 

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pension funds. 
The interest flows back to those

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same citizens and the wheel 
turns again. 

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Debt has become the engine of 
the modern world, a self 

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spinning machine that works in 
One Direction as long as it 

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never stops. 
Long before credit cards, debt 

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was a promise, A bag of grain 
returned after harvest, a favour

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repaid in kind. 
The heck is this? 

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Then kingdoms learn to monetize 
those promises. 

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They sold their debts to the 
public. 

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They called them bonds. 
Debt bonds. 

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Centuries later, after 1971, 
Nixon united the money from 

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gold. 
I have directed Secretary Conley

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to suspend. 
Temporarily the convertibility 

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of the. 
Dollar into gold. 

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Or other reserve assets. 
The promises became the currency

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themselves. 
Now governments could print what

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they used to owe. 
And so they did. 

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From that moment on, growth and 
debt became the same word. 

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The actual creation of this debt
is self annihilating in the long

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run because it's actually 
constraining future growth. 

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You can say it's it's pulling it
forward, but it's at the cost of

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later sacrifice. 
You have to service that debt. 

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And so it's pulling down growth 
and productivity while at the 

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same time increasing the service
cost of debt, which is interest.

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And when those two things cross,
it's like that you're in a debt 

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jubilee situation. 
It just has to blow up. 

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I mean, what goes on Muslim? 
Yeah, but debt jubilee there it 

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will be no debt jubilee. 
Right, I would say agreed, there

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has to be. 
I would just say default, 

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implicit or explicit. 
That's that's a better, better 

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way. 
So they're trying. 

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This is already a default, and 
they're trying to implicitly do 

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that through inflation. 
The different. 

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To to, but when every country is
trying to do the exact same 

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thing, it just feeds the machine
faster and faster and 

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misallocates faster capital 
faster and faster. 

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United States borrows mostly 
from itself, banks, insurers, 

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pension funds and your savings 
by the bonds that fill the gap 

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between what the government 
earns and what the government 

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spends. 
This gap is called the federal 

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deficit. 
Federal deficit. 

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It's the distance between tax 
receipts collected from the 

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citizens and the promises made 
to those citizens. 

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Highways to build, soldiers to 
pay, retirements to secure, 

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healthcare to provide. 
When Congress passes a budget, 

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the Treasury prints those 
promises. 

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And those promises, they're 
financed by you. 

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Not directly, but through your 
savings account, your pension, 

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your insurance policy. 
That's how the governments 

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finance the money that you set 
aside for the future is the same

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money the government spends 
today. 

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Now, if it sounds circular, it's
because it is. 

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The government borrows from its 
citizens to fund its citizens, 

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supposedly. 
And when it pays that interest, 

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the money flows right back into 
the same loop. 

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And the government pays the 
interest. 

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That money doesn't just vanish 
into the ether, it flows back to

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the lenders. 
But here's the quiet truth. 

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Not everyone is a lender. 
Most Americans live on the 

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spending side of the Ledger, 
paying taxes, buying groceries, 

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servicing their own debts. 
Those interest payments go to 

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those who already have capital 
to lend. 

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It's your savings if you have 
them, someone else's if you 

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don't. 
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So you've got signal when 

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And if you go to sat123.com 

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00:04:36,680 --> 00:04:38,840
Even off grid you'll be on your 
terms. 

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The net result of this 
hyperinflation of the currency 

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and even the dollar at 7% a 
year, it's 7% monetary 

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inflation, but they say it's 
only 2% inflation. 

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But the result is the hurdle 
rate for companies is 8-9 

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percent. 
So what happens is they either 

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LBO themselves, they basically 
have to load up on debt and go 

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to negative working capital like
the Toys-R-Us situation. 

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Even Marvel Comics. 
Why does Marvel Comics have to 

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have billions of dollars of debt
like that? 

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00:05:08,480 --> 00:05:11,880
You know, why do why do we load 
great companies with lots of 

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debt? 
It's because because the 

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combination of taxes and 
inflation makes it impossible 

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for the equity to work or hold 
value. 

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And so we've driven so many 
companies into debt and so many 

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companies into bankruptcy. 
Or what happens is companies go 

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on acquisition binges and they 
started buying up company after 

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company after company because 
they have to grow their top line

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more than 7% and the organic 
growth of all their divisions is

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less than 7%. 
And you know, it's the result of

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all those things is capital 
destruction. 

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We're destroying people's lives.
We're destroying good jobs. 

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We're destroying communities. 
We're destroying the 

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manufacturing base of the 
country instead of having a 

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hundred different healthy 
companies that will all get 

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like, what happens if like 
there's only one university left

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in the world? 
You know, like instead of having

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100 choices, 100 cities, 100 
companies, a hundred colleges, 

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100 whatever, you end up just 
having the monopolies. 

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Left, the system rewards those 
who are positioned upstream. 

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You know, the ones whose money 
works while they sleep. 

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Those guys. 
If you think about it, every 

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interest payment is a 
redistribution of time and those

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who work for it to those whose 
money lends it out. 

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The same cycle that keeps the 
economy alive is the same one 

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that keeps it tilted. 
It's a closed loop, yes, but not

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an equal 1A rhythm that hums 
quietly in the background of 

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modern life. 
Borrow, spend, earn, repeat, 

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borrow, spend, earn, repeat, 
borrow, spend, earn, repeat, 

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00:06:49,920 --> 00:06:51,960
borrow, spend, earn, repeat, 
borrow, spend, earn, repeat, 

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00:06:52,560 --> 00:06:54,120
repeat. 
So if you were stuck in that 

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system, wouldn't you want to get
out? 

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Wouldn't you want to own 
something that you're not paying

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a bank for? 
America is $36 trillion in debt,

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dudes, and the rest of the world
is holding a similar staggering 

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amount. 
That's not just a regional 

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00:07:05,480 --> 00:07:08,040
problem. 
That's a crumbling system, and 

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we need something to exit out of
that system. 

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That's where Bitcoin comes in. 
Bitcoin is an open money, a 

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00:07:13,880 --> 00:07:15,960
borderless money, a finite 
money. 

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It's unconfiscatable and it's 
mathematically designed to rise 

140
00:07:19,640 --> 00:07:21,680
in value over time. 
Should be a no brainer. 

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00:07:21,680 --> 00:07:24,960
If you don't want to get sucked 
into a $36 trillion vortex, best

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00:07:24,960 --> 00:07:27,520
get some Bitcoin before there's 
no Bitcoin left for you. 

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00:07:28,000 --> 00:07:30,160
Well, do you want to go beyond 
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sats? 
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and operate it in facilities 
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Your mind Bitcoin goes directly 
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If you understand the power, 
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Book a call with one of their 
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mining today at SAS mining.com. 
Thank you so much for watching 

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00:07:57,800 --> 00:08:00,120
this entire video. 
If you made it this far, kudos 

155
00:08:00,120 --> 00:08:02,160
to you. 
I experimented a little bit on 

156
00:08:02,160 --> 00:08:03,520
this one. 
I took my liberties. 

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00:08:03,600 --> 00:08:05,520
Let me know what you think about
it in the comments below. 

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00:08:05,520 --> 00:08:08,760
Also, I want to give a couple of
shout outs to some enjoyable 

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00:08:08,760 --> 00:08:11,840
comments that I received in my 
previous video, Why Bitcoin 

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booms in October. 
You can see it here. 

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00:08:13,840 --> 00:08:16,240
It's linked right here. 
So the first one comes from 

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00:08:17,040 --> 00:08:21,960
Tango Bato 977. 
Good show if you don't know 

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00:08:21,960 --> 00:08:23,840
about money. 
Wondering what's your 

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00:08:23,840 --> 00:08:26,280
profession? 
What do you know all about? 

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Would like to see a video about 
that. 

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00:08:28,920 --> 00:08:30,160
Thank you for your comment very 
much. 

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Danga bota 977. 
I am a professional YouTube 

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00:08:35,440 --> 00:08:41,919
video maker and I went to 
training to do that but my 

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00:08:41,919 --> 00:08:46,360
background is in filmmaking if 
that's what you're asking. 

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Now, how can I make a video 
about filmmaking and Bitcoin? 

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Comment number 2 is either 
restock the Simply Bitcoin hats 

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00:08:58,760 --> 00:09:01,920
or take them out of the store 
crying emoji. 

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00:09:02,040 --> 00:09:03,680
Nico, this comment is actually 
for you. 

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00:09:03,680 --> 00:09:07,080
So if you're listening, restock 
some simply Bitcoin hats back in

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00:09:07,080 --> 00:09:09,240
the store. 
I guess they're a hit. 

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00:09:09,440 --> 00:09:12,440
Anyway, I'm oceans this is 
beyond Bitcoin. 

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Until next time.