Irida TV Podcast

Jimmy Dore Sounds Alarm on Accelerating National Debt! Does the national debt even matter?

March 18, 2024 Irida TV Season 1 Episode 131
Irida TV Podcast
Jimmy Dore Sounds Alarm on Accelerating National Debt! Does the national debt even matter?
Show Notes

Jimmy Dore is close to understanding the monetary system and just needs some coaxing to get over the finish line. 

The national debt isn't as big of a deal as everyone makes it out to be. The Federal Reserve is a public institution. The interest on the "debt" held by the Federal Reserve gets paid to the US Treasury. National debt = private sector savings. These economic heresies and more within!

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Original Video Link:
https://www.youtube.com/watch?v=kTDH7mPn3EE&t=88s&pp=ygUYamltbXkgZG9yZSBuYXRpb25hbCBkZWJ0

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