The Debt Paradox
142Why does the USA borrow if it can print the world's money? Take a deep dive into the history of Monetary Theory. FULL: • The Debt Paradox
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In 1971, Nixon dropped a financial bomb more powerful than any nuke - ending the gold standard forever. This video explores how money evolved from rice to gold to pure debt, why the US debt is unique compared to other countries and how the dollar became the world's game money. Why does the US government need to borrow money if it can create it? Is USA $36 trillion debt heading for collapse or is this just how modern money works? I explore both perspectives through a simple board game analogy anyone can understand..