What If The US Paid Off Its Debt?

[@TheInfographicsShow]

Is debt logic hard to understand? There's a lot of good comments on what debt is. Do you think you are good at balancing your finances?

[@twisted9285]

No

[@zuriel3167]

lmao 2 likes feels bad man

[@rismarck]

Debt isn’t hard to understand..but you explained it clearly from your point of view instead of how it truly is: left out information, misleading information, half truths. You basically created a video of your own believes with some facts to make it seem true instead of the actual truth. Honestly your channel is losing more and more credibility the more you upload

[@TheInfographicsShow]

@@rismarck I would love to see your side of the coin. Thank you for the feedback.

[@ChandravijayAgrawal]

@@TheInfographicsShow you forgot to add who owns most debt of US,and what is role of imf debt in other country economies

[@nickolay1521]

Mr beast 2019: buying a homeless man a house Mr beast 2050: paying off US debt

[@idiosyncraticlawyer3400]

I would have written "I edited this comment so no one would know why so many people were wooshing me" without quotes, but that would be hypocritical.

[@c.i.a.932]

Jeffrey Jinyuan Feng r/wooooooosh

[@WellCookedPotatoes]

Jeffrey Jinyuan Feng r/woooosh

[@leifc.6045]

Gold/silver only way to get rid of debt. And limit spending/cut excessive gov spending.

[@Saboguin]

😂

[@Frozenm16]

So the United States is a giant college student? *Dang....*

[@spillz233]

@Provocateur *do you mean OIL*

[@benom1712]

@@spillz233 yos

[@huonsmith]

i think you mean a giant _american_ college student

[@WyvernApalis]

Huon Smith giant is an accurate description of Americans

[@huonsmith]

Wyvern Apalis now that you mention it, yeah. But I was actually referring to how college debt works in America compared to other places. Students in other places don't feel crushing debt like Americans because the they pay it off differently.

[@unfinishedcookietm2195]

Is it just me or does the audio seem a little weird? (Edit) not the Narrator but the audio itself

[@azurmax1124]

it's not you I thought my earphones were broke but no, it's the video

[@FreeTh1nk03]

No I hear it

[@raceris7309]

thought I was the only one

[@GermansEagle]

me too

[@KJ-ss3jr]

Its cause youre watching 1080p 60fps and youtube on mobilephones and bad computers cant take that much. Set it doen to 720p 60fps and you get clean audio.

[@WigWoo1]

I thought if we paid off our debt, inflation would revert back to the early 1900's where a hamburger would cost 5 cents. Minimum wage back to 25 cents an hour and the value of money would skyrocket back to what it was 150 years ago

[@Notevenmad955]

Not happening because everyone rich enough has a stake in the dollar becoming worthless by the day due to all the assets they own. While the average joe will struggle to earn more money just to afford something he could 20 years ago

[@sturutherford697]

No that won't happen wigowoo1. That's due to compounding inflation. If you need me to, explain in flatiron just ask. Another reason why we won't pay off debt, is debt gives the dollar value. For a micro economic example, if you get a loan for a house, that loan is repaid in US dollar. Macro economic example, the government takes out a loan from China to build a highway. As of today's standards, China expects to be paid back in USD. USD is the world trade currency because it is stable and comparatively strong. Strength is derived from demand, so us based debt is a big demand, along with other countries needing it for trade, debt, etc.

[@sturutherford697]

@@Notevenmad955 due to wage stagnation but affordable comparatively is better, due to cheaper manufacturing. Evolution of technology also drives prices up. Lookup a 1950s Washing matching and compare it to a cheap modern one. Way more technology. More that likely accounting for past wage and inflation back to 1950 it cheaper now too. Perfect example, my dad traded a ford ranger for a computer in the early 90s, now I can buy one for next to nothing.

[@warbossbonesmasha3751]

@@sturutherford697 Isn’t the euro stronger than the dollar?

[@sturutherford697]

@@warbossbonesmasha3751 it is. There are stronger currencies but none more stable than usd or the pound.

[@Seto_Saotome]

Not even Thanos can make the debt disappear.

[@anshkatiyar7988]

hey, but don't doubt jesus

[@moderndissident5930]

He would pay half of it.

[@sheengreen864]

Only half of it.

[@RealMailou]

Lol

[@thefreakgamerp]

He would not be able to remove usa*

[@ATM-GAMING-11]

6:53 for the answer. You're welcome.

[@user-ys1pt6uz3t]

ATM GAMING thank you

[@daewongi3451]

GBU😂

[@tg.13darealest37]

Thanks man

[@kroert2259]

You’re**

[@ATM-GAMING-11]

@@kroert2259 I know the difference. It was a mistake. This isn't English class.

[@junebug8485]

"It doesn't matter how rich you are, if you're in debt you're poorer than someone who has no money and no debt" -some random kid in my freshman year

[@procyon6445]

He’s wrong but ok

[@aayaanfarooq9427]

Yeah cuz let’s be real the US won’t play off it’s debt but ok

[@reecejennings4044]

Debt creates wealth, you will make no money in your life with out rist

[@Jay-tx2wz]

@@reecejennings4044 owing money creates money, gotcha..

[@qwej9341]

@@Jay-tx2wz Most businesses start using loans around the whole world. Loans are debt. Businesses can make money. 1 + 1 = 2.

[@theraftisnext5016]

Genie: You can have three wishes Me: I want a girlfriend, a better education system, and the US Debt to be paid off Genie: OK, now I have six rules

[@thepacificcraft4505]

lol

[@TeamElectoKnights]

Underrated comment.

[@youraveragerobloxkid]

Its actually 5 because the original rules no wishing for love No wishing for the dead to come back And no wishing for money

[@irenaveksler1935]

@@youraveragerobloxkid no wishing for money isn’t a rule in geneies

[@youraveragerobloxkid]

@@irenaveksler1935 oh right, it was no wishing for more wishes

[@Juggornawt]

"Running a budget deficit the government has 2 options: 1) Printing more money. 2) Borrowing money." How about 3) ...Spend less money?

[@jackhartzell6074]

Shhhh KZbin is a socialist platform. You're not supposed to know that!

[@jarednelson3539]

@@jackhartzell6074 i think you pooped your pants

[@sebastiangarcia-yb5ro]

Jack Hartzell socialist? KZbin is in favor of public ownership of the means of production? Last I thought it was owned by Google a multi national nearly trillion dollar company that had benefitted beautifully thanks to Capitalism. You don’t know what you are talking about.

[@sebastiangarcia-yb5ro]

Modern monetary theory could be the answer that republicans, democrats, tax payers & corporations love. Answer to debt, social safety nets, low taxes/ unemployment & high gdp

[@jackhartzell6074]

@@sebastiangarcia-yb5ro billionaires such as Jeff Bezos, Mark Zuckerberg, George Soros etc. have benefited immensely from capatalism yet they back Marxist candidates in elections across the globe. Large corporations can be hypocritical too you know...

[@therandomshow8708]

USA has to pay its debt IRS: let us introduce ourselves

[@fernandoaispuro159]

@Big Blue lol I can imagine you wearing a Tin Foil hat as you typed that.

[@3manu3l_xd]

Lets tax the poor, and ignore the rich! Lets go!!!

[@Stevie8654]

@@3manu3l_xd The poor pay almost nothing in taxes. Working poor people usually get back more than they paid in, especially if they have kids.

[@evanb7449]

This had me rolling 🤣😂

[@stephennicol9549]

@@Stevie8654 it's the government's payment for producing Cannon fodder for the military

[@WholesomeLad]

Let's just take the debt... and push it over there!

[@nandinhocunha440]

Every Americans president

[@FROMWHICHPLANET]

Sponge Bob reference

[@nhsstream3877]

Aaaaand it’s gone

[@zackgrider8166]

Let's give it to Mexico and they pay for it lawl xd

[@zackgrider8166]

@Junkrat fair point. btw what was the name of the older sister from Phineas and Ferb? i need to know for my next comment.

[@corey2232]

Japan actually has a much larger debt than the US in comparison to GDP.

[@Nonamelol.]

Japan has a debt-to-GDP ratio of 256%. That means that Japan's national debt is more than two and a half times its total annual economic output.

[@idifjrivhjf5198]

@@Nonamelol. cool

[@idifjrivhjf5198]

@@Paonporteur ofc not

[@idifjrivhjf5198]

japan best countyr😀😀😀very develop imo

[@news26boom]

The problem is that if something happens where the Yen's value is doubted, it will immediately collapse.

[@BarakaPlay]

you guys need to reupload this video, the audio is really bad

[@bowlingpin3673]

yeaa thought it was my headphones

[@michaeltorres4210]

Yeah it really bad

[@benflammer7217]

Not for me!

[@ElyTechGuy]

It cuts off sometimes

[@cheekybum1513]

Demon of insanity me too

[@huss3in_500]

Lets be honest they're not gna pay it off😂😂

[@colebaldwin9084]

Yeah. Who is going to punish us? The aliens?

[@posadist681]

@@colebaldwin9084 the catgirls that were in area 51 would have, but nobody showed up for the raid so yeah that debt is just gonna sit there

[@4th19th2]

@amine dz How? Personal Debt and National Debt are different.

[@4th19th2]

@amine dz Personal debt is unambiguous. I you have net debt then you as an entity are in debt because you owe money to some other entity(s). National debt is your government borrowing money on behalf of you and your compatriots to spend on behalf of you and your compatriots (for current consumption and/or investment). If the national debt is borrowed domestically from you and/or your compatriots, then your nation as an entity does not have net debt because it has borrowed from itself. However, whatever part of the nations borrowings might be represented by money borrowed from foreigners is in fact real net debt because your nation as an entity owes this money to other entities on behalf of you and your compatriots.

[@jaymehta4279]

@@colebaldwin9084 that's what your country is made on people like you thieves

[@themaniac3811]

That's still cheaper than a student loan Edit: thank y'all for the likes, this is the most likes I've ever got I'm bilingual and you shouldn't be toxic about someone's grammar, my mother tongue isn't English

[@biancaortegaa]

Lol

[@clappedcloud3652]

Oh shiiiiiiit

[@rurikvolkov2810]

I paid mine off already lol

[@artonline01]

I can tell by your grammar it was not well spent.

[@abhaysharma966]

Economics is tough, That's why who does it best gets the Nobel Price. Quick Quiz: Who got NP this year for economics.

[@xanderarredondo7593]

I’m a strong patriot in America, but I do not have faith in paying off that debt in my lifetime.

[@macias7125]

Nah it will pay it off, just have faith

[@alonymelony8047]

@@macias7125 nah

[@macias7125]

@@alonymelony8047 yuh

[@kevmoful]

It will take a strong WW3 victory to “pay” the debt.

[@TrickorTriett]

Just the word “debt” gives me anxiety

[@canadianlosr6479]

What about "broke"

[@rockstepguy3524]

the word "debt" triggers me, where is the trigger warning?

[@taureon_]

debt

[@pongangelo2048]

debt debt debt debt debt debt debt debt debt debt debt debt debt debt debt debt debt debt debt debt debt debt debt debt Are you still alive?

[@youngchristie5188]

You sound so much like a beta-Male smh

[@muhammadwibowo1661]

Dont waste your time guys 6:52

[@splashnskillz37]

Thx

[@M_rco]

Thx

[@PreAlgebra]

Lol thx

[@Dory._.]

Yo, ily

[@x0nks]

You legend.

[@zackhario1886]

The choppy audio is just awful, its giving me a headache. It needs a redo.

[@dropdeadnahshon6611]

Zackhario lol I was originally thinking it was my headphones.

[@thomasjohnson8033]

It did my head in.

[@pingu2992]

Boi check your fucking compressor

[@SlyMonie]

It's like he's slamming his fist on to a desk

[@dabiken3607]

lol I thought it was my headphones too

[@nolanpeterson5400]

I've used your software since you had the old DOS 1.0 version with NAIC. I use it to record every transaction in my portfolios, Then I monitor my overall asset allocation closely. The addition of asset allocation reports was one of your best upgrades to the program.

[@pekee9304]

I like your funny words magic man

[@yotokil2914]

@@pekee9304 it was probably a mistaken comment since he's talking about an old unrelated program and an addition to it he liked

[@thomasshelby5322]

@@pekee9304 😂

[@Klaasvaneenshonie]

Is the audio stuttering or is it me?

[@hac3359]

Nope, heard it aswell

[@kaisoo2556]

Me too

[@japanrain7436]

Same

[@IanCookUS]

i didnt

[@reallythinkiwasgonnahavean188]

No

[@Sinterex]

This man's audio is killing my ears

[@sgtpepper5435]

It sounds like he’s punching his mic every 30 seconds

[@rico6546]

So glad I’m not the only one.

[@kadenlayne4404]

frr

[@callmebig_e]

100th like

[@danielklimovich]

I felt like it was just me

[@just-a-silly-goofy-guy]

It won’t be paid off until it doesn’t even exist anymore

[@TarigonTetradactyl]

kremit the frog i feel attacked

[@andybanks8107]

My brutha

[@hamburger4626]

Feminists be like T H I S I S RAPE

[@wakeeqq]

What if it gets *nuked?* 🤔🤔🤔

[@TarigonTetradactyl]

AgentKE We will not get nuked by other countries, we will most likely nuke ourselves

[@TravisFabel]

Man... if this was remade in 2021, it would be very different.

[@gmasta555]

What’s up with the audio? Sounds like he’s hitting the mic.

[@pasreppas6454]

i am having the same problem, he just needs a pop filter and the audio will be better.. i think

[@phosphophyIilte]

it only happens when he says "p", its not a audio issue, its just hoe thr microphone he has is made that eay

[@joshreddy4278]

Me to

[@iiWNMii]

Pop filter and EQ. Maybe some softer compression

[@skengdo2458]

thought it was only me lol

[@Kevin-sh4ih]

The government should get Skillshare

[@noice2606]

Kevin 😂

[@Sakuya727]

🤣🤣🤣🤣🤣

[@nelsonkiiru7252]

🤣🤣🤣

[@frankhalliday8071]

If they sign up within the first 1000 people they could get their first 2 months free!

[@haroonhassan8115]

🤣😂🤣😂

[@moer247]

Do a video on what would happen if everyone took their money out of the banks.

[@tacobuns4085]

the great depression #2

[@tss_gaming4552]

If everyone took their money out, a lot of ppl wouldn’t even have their money back because the bank loans out the ppl’s money. But actually that wouldn’t happen because the FDIC will pay everyone who lost their money up to 100,000 dollars

[@user-ij3fv5bz2p]

@Mike Bartley ikr

[@mornthunder3280]

This is partly the cause of the great depression. Two things can happen. 1.Everyone rushes to pull their money out of commercial banks, and the Federal Reserve increases the money supply so that these banks have the money to hand out. Or, in the case of the great depression 2. The fed reserve won't increase supply and therefore the banks lose their liquid assets (money) and go bankrupt.

[@1313eable]

Then almost everybody will lose their money, the country will go bankrupt and you get another financial crisis in the entire world. So, just don't.

[@narhem123]

The good old times when the US debt was only $21 trillion (at the time of this video). Now we owe $30 trillion.

[@user-nd7rd8jo6h]

And yet I'm a bad guy for not making enough money to pay my student loans...my government is setting a terrible example.

[@vatu]

I still dort know why you guys have to pay for that. I was born in russia and live in germany, and education is completly free in both countries. Taxes also aren‘t that high.

[@deegandeloof4953]

@@vatu It's because the US is flawed and doesn't want to pay for education or healthcare, only military expenses.

[@acutechicken5798]

Because people have a fear of "free loaders".

[@vatu]

TheAllPowerfulChicken Sorry, my english isn‘t the best. What is a „free loader“?

[@jozar2773]

@@vatu sorry. Your communism isn't welcome here.

[@getoffmyaccountoriwillfindyou]

Mr. Beast: today I am going to pay The United States of America debt. People:👁👄👁

[@Perririri]

N👁‍🗨rmie

[@wow1022]

who?

[@Dickfielos]

Um Phunni

[@New-wf7qn]

mr beast is already doing that though

[@armin4861]

U really think Mr Beast have trilions?

[@JohnWayne1107]

"225 years at war, 21 years at.peace" *ayyyy..*

[@garrysmith1029]

Europe hold my beer

[@Official-Poker]

@@garrysmith1029 country wise

[@47746]

I feel like this won't age well

[@notjohndoe7130]

@@garrysmith1029 europe is not a country

[@monkescary1874]

@@notjohndoe7130 at least he didn’t say Africa

[@alejandropedro8602]

Whatever type of investment you decide get into, I think the key message here, or for me rather is to start investing no matter how small. Don't rush into anything you're not absolutely sure of. Then of course you can always build from there.

[@johnsoncrown287]

What is small? What's small for you might be pretty large for someone else.

[@faithgodsons9873]

Evaluate your risk tolerance prior to investing, be aware of investments based on your goals and risk tolerance

[@luckwood9421]

Diversify your portfolio, don't put all your eggs in one basket. It's way too risky.

[@frankjonathan2440]

Well spreading your egg in different baskets you know little or nothing about could also be risky knowledge is power

[@paulmaxwell8316]

You don't need an MBA in finance to make basic investing decisions

[@invaderzim1265]

"Those that fail to learn from history, are doomed to repeat it." - Winston Churchill

[@kurtmorse238]

dang this summarizes the whole video

[@juangonzalez6397]

Edgy

[@PinoyAbnoy]

winston churchill commited genocide

[@isaicastillo8217]

yo yo yo yo yo theres jokes l

[@MrNettoon]

Trump and far-right politics in a nutshell

[@julianmiranda3909]

Printing more money doesnt make more money, it just makes it worth less.

[@mmskillet1]

birdyboy 0000 no shit. That’s like the first thing you learn when taking a basic high school economics class

[@julianmiranda3909]

@@mmskillet1 Ok, well im in 7th grade. And believe it or not I know adults who dont understand why the government wont just print more money.

[@organicpotato9698]

birdyboy 0000 you know mentally challenged adults? Yea me too

[@Keriks]

Well ya thats what we call an inflation as stated in the video

[@Indian0Lore]

Banks already print more money. Look into fractional reserve.

[@alexandergeorgiev2631]

The real question is: why are there two Hawaii's in the thumbnail?

[@Seven-fif-D]

Alexander Georgiev, there is a lot of things wrong with this video.

[@marrhabibi1742]

Nah America is just perspiring from all its debt

[@thegreat9192]

Lol

[@user-ou2wp4mr2o]

We're going to sell them!!!

[@bam68]

Alexander Georgiev You’re not an NHL player

[@jakek6728]

"The well organized war on terror" 😂😂😂😂😂😂😂

[@dacoconutnut9503]

What if they paid with barrels of *O I L* ?

[@russetbotato3209]

NO

[@dacoconutnut9503]

@@russetbotato3209 yesn't

[@savageassassin4741]

*OR* we could ''liberate" all the countries

[@WinterYuzu]

@@savageassassin4741 yes, murica must " *liberate* " all countries on earth

[@dacoconutnut9503]

@@savageassassin4741 U NEED FREEDOM, MY FELLOW AMERICAN But I am not Americ- I DON'T CARE

[@roadhouse6999]

"Every country in the world has a lot of debt, so this makes me wonder, why don't we all just forgive each others debt since we all owe each other money? Then someone told me that countries do not owe it to each other, they owe it to banks. And I understand this even less, because a country has an army, and a bank has four tellers and a cleaning lady. " -Ismo Leikola

[@creapyalbinofish]

You don't want to fight consuela, she's fierce.

[@thisguy7255]

Roosevelt in 1933-1934 moved us away from gold as money we kept silver up until 64 and I want to say it was 71 Nixon got rid of the last ties and handed over control to the banks who just this month printed 80 billion dollars in one night meaning that 80 billion has to be paid back with interest but the dollars to pay the interest don't exist so more has to be borrowed then the interest payment on the dollars is payable until interest which no dollars for basically we need to get rid of central banks and forgive it all globally and start over with real money not Fiat currency Edit: spelling mistakes I noticed

[@roadhouse6999]

@@thisguy7255 that was a quote from a Finnish comedian, my guy.

[@xenomorphgourmet1005]

Countries like Norway aren't in debt

[@roadhouse6999]

@@xenomorphgourmet1005 if they spend money, they have debt. The difference is that countries like Norway can pay off their debt because they make more than they spend. Granted, there are two different definitions of debt. By the one you seem to be going off, Norway has no debt.

[@MI-mm4lq]

Am I the only one with slight audio issues?

[@2sets769]

Yeah I hear it to thought I was going crazy

[@victorbaltus1635]

Yep

[@turkeysuit9935]

Thought my headphones were breaking.

[@user-vi6tq6kc4p]

"!"

[@aryooon1493]

I hot so scared I have 100 dollar akg tuned Samsung earbuds😭

[@vinceandreinvaliente5014]

I have a question for Infographics show Why is there two Hawaiis in the thumbnail?

[@chrisconsorte7893]

George Washington said in his farewell address that we should maintain a federal balanced budget, avoid excess spending, and pay off debt as quickly as possible. I think George Washington is correct and would be appalled by our nation’s spending habits.

[@agenericonlinename8698]

I mean George Washington isn't smart for saying that. Having a balanced budget is(or at least should be) common sense

[@skeemanswarmachine2617]

A fine example of let's go Brandon

[@alexanderlipowsky6055]

@@skeemanswarmachine2617 who borrowed 4t in 2020? who saw the rise from 19.5 to 26.9t. who borrowed some 9t during his presidency? and why the f are you not saying biden... the guy, brandon even said to stop using it to hate on other americans, but to instead go back to normalcy and work together....

[@skeemanswarmachine2617]

@@alexanderlipowsky6055 a fine example of cope

[@austincarlson9270]

@@alexanderlipowsky6055 what now

[@mobilecyclop7329]

USA GDP : *19 trillions* DEBT : *22 TRILLIONS* HE : *ALL GONNA BE SAME OKAY* update 2020 : now it’s worse oof

[@coryascott]

Total US wealth both private and public: $98 trillion. About 1/3 of the total global wealth. The second largest by wealth is China at around $50 trillion.

[@coryascott]

jmarks881 lots of countries do. Canada does. But not every country borrows the same way we do. And that debt is always broken up into multiple debtors both domestic and foreign. Lots of people think the US only has foreign debt. Around half of our debt is owed to organizations and people right here in the country. The other half is foreign lenders of which China only accounts for about $2 trillion. Interestingly enough, some countries have debt many times their GDP. Luxembourg has a debt of about $8 trillion which is over 6,000 times their GDP. I’m still trying to find out why that is and who exactly they owe money to. Can’t find any further data on that yet

[@foxt.5043]

@@coryascott bruh what? Luxemburg national debt is only 20% of their GDP. Edit. Just looked it up. You were right in a way

[@coryascott]

Fox T. Exactly. National debt is really complicated. Nothing like personal debt at all.

[@foxt.5043]

@@coryascott read the edit and then smile ;]

[@peterthepanda]

In today's episode of "Things that will never happen"...

[@SkollTheWerewolf]

Will the united states ever be able to pay their debt?! Spoiler alert: No.

[@thr2648]

Not much of a surprise

[@endoetz]

perhaps..

[@Jon_Fury]

Don’t know about that trump is putting in the work

[@hgnshfnvfhthgnfdgn5688]

500th like XD

[@MrMasterDebate]

It’s almost like giving tax breaks and handouts to rich people won’t be great for budget control

[@redseagaming7832]

Politicians love spending people's money without responsibility and they'll spend more than what the government takes in taxes that's why we have a huge debt

[@Octovisuals]

Tell that to the Socialist/Communist! No, seriously, it's not that simple. You can't and shouldn't limit a country's budget to just money collected from taxes... Especially whenyou shouldn't bleed taxpayers to begin with.

[@jakesmall8875]

What do we cut? Welfare takes up 75% of the budget Military takes up 15% The rest is random projects and foreign aid Military could get cut in half but we’d have to take all our foreign bases out of commission and lay off half the military members to do that and hope our allies pick up the slack We could cut welfare but then we’d starve tens of millions Kind of stuck

[@largelump3613]

So, in the end, we're not in debt. THEY are.

[@F0UR3V3R]

@@Octovisuals All politics are bad and we should just abolish it

[@Octovisuals]

@@F0UR3V3R I wish, at this point... Better without a State than with these States we have in countries like Spain, Argentina, Venezuela, Nicaragua, Cuba, North Korea... and more. We'll keep fighting... ;p Best regards.

[@fillanilla4907]

Just replace the education system with Skillshare to save money

[@magiicZed]

Swear to God, KZbin and skillshare along with a bunch of awesome information his. There's legitamatly nothing I could learn at school that I cannot learn here with less work, more free time, and more easily.

[@mojmoj3763]

Education is what like 3% of our budget? And we spend more on our military than the next 7 countries combined ?

[@chrisg2378]

Or just switch to GEICO where 15 minutes can save you 15% or more on car insurance.

[@teshikofurusato4541]

millions of teachers/staff would loose theirs jobs

[@mojmoj3763]

@C I completely agree, I shouldn't have to earn 30 credits "about a third of my degree program" learning absolute useless shit.

[@terriblycharismaticduck2717]

6:55 is the actual video's start.

[@mackobun]

By Odin's Beard! THANK YOU. This guy's videos are full of so much fluff, they could be a pillows

[@niklasswoboda6238]

Thank you

[@terriblycharismaticduck2717]

mackobun Yeah, their entire videos are about how x happens, and ten seconds of the actual question in the title. The rest is the outro.

[@danielnrth3980]

Wow

[@daveshn]

Doing the Lord's work.

[@StorytimeIST]

Wait what was that thing that president eisenhower was warning everyone about.... Something like right right.... Military Industrial Complex😉

[@sportjones1]

Love how he says the debt spiked in 2008 but shows a pic of Trump, lol

[@thetruffleist1297]

😂

[@estebangarcia3053]

spiked in 2001 with bush trump increased debt most in a term

[@combatgaming3266]

@Stompy trump could have done something to bring the economy again, Biden is bring the economy up again but we're still in a pandemic. Try to explain that

[@fishfan2]

@@combatgaming3266 Trump dealt with the worst part of the Pandemic, when Biden came into office things were opening up slowly and the vaccines were basically done

[@jjt171]

@Stompy Trump won the election. we all know it and we all see no biden voters in sight

[@cosmicmemer1611]

I have a question, why are there 2 Hawaii’s in the thumbnail?

[@luismedina5792]

That is a very solid question and I wish I had eyes like you

[@jord9293]

The more Hawaii's the better

[@Mitch_Rogoff]

Plasma Core were going to pay off the debt by selling real estate on the second Hawaii

[@profeagle2470]

Fir 2 pearl harbours

[@alphajnitro0072]

Yes

[@Camderon8463]

If the US pays of its dept, it will make plans to go back into dept. Lol

[@rypdx]

Debt *

[@lukehdz]

@@rypdx You did my job for me

[@jadonlimoges1830]

Nah we'd organically end up in debt because we've gotten so used to what we expect in healthcare, defense, social security, and welfare.

[@Eletruun]

@@jadonlimoges1830 the healthy care part is just funny lol

[@Piyushshastry]

The problem is that the debt allowance for the US can be easily increased with passing of a simple bill, which takes only a few days. Whenever they need more money to spend and are overdraft on their allowance, they simply raise the bar and borrow more. Also, they are printing more and more which is making their money less valuable.

[@angelcabeza6464]

then why is the US dollar now stronger then the euro and the pound?

[@hughmann8458]

Wait... Since 1776 we've spent 225 years in war and 21 in peace... thats 246 years total. Correct me if I'm wrong but 246 years after 1776 is 2022. Holy shit.... They're time travelers!

[@Doomon15]

Joe Brooks yep, that they either need to better organize their information or they got some their information wrong.

[@wizardsyndicate5505]

We’ve only declared war 5 times. So I don’t think we’ve spent 225 years in war

[@Dim.g0v]

@@wizardsyndicate5505 You don't need to declare war to be involved in one, I.e. Vietnam. Actions speak louder than words.

[@hughmann8458]

Civil War, WW2, Vietnam War, War of 1812, Revolutionary war, multiple current wars and tons of wars I've forgotten. It doesn't matter how much we've DECLARED war, it matters how long they were and many other things. Just because war didn't happen IN America doesn't mean America wasn't involved.

[@johnsonismyname]

Wars can overlap or have multiple going on at the same time, from 1775-1800 that's 25 years, The United States were at war the equivalent of 45 years of it, if you exclude the American Indian wars that's still 26 years.

[@skinisdelicious3365]

“Well organized war on terror campaign” stop 😂😂😂😂😂 im crying

[@hackman669]

Simple, stop the senseless wars overseas and use political leverage to force China into a cease fire!!!!

[@skinisdelicious3365]

@@hackman669 China will never sign a cease fire. Relax

[@bdgctruz5786]

@@skinisdelicious3365 yea china hates the fact that the us exsist because it counters their communist ideas

[@skinisdelicious3365]

@@bdgctruz5786 they hate we exist because we have a hyper competitive military where in by compromising our economy it becomes harder and harder to fund and feed our troops. So long as the western world trusts our banks and our military to defend our banks as well as their assets, the chinese will always be economically competitive with us.

[@invaderzim1265]

“Banks lend by creating credit. They create the means of payment out of nothing. ” Ralph M Hawtry, former Secretary to the Treasury.

[@Raidar29]

Correct, and thus the debt shall never be paid.

[@leifc.6045]

Gold is real money. Everything else is credit - JPMorgan (1913) "U.S. constitution: all debt be paid off of gold/silver."

[@dianablue.8554]

"I've been able to build a history of stock purchases made over forty years ago and establish a cost basis, which when I made those buys, I had no thought of cost basis and what it would mean to me later. It also enables me to handle splits and especially mergers with little difficulty. Without this program, I would be lost on some mergers.

[@MP-vf8qz]

Skill share took 299 from me and refused to cancel my free trial. Just don't use it people, I care about you and your hard earned money, it actually represents our work and time.

[@jeffhahsusjejsdjejsksksmed2130]

You mic is having "spasms"

[@spicyshizz2850]

thought it was just me but yeah its real annoying

[@BrandonS101]

Very annoying popping

[@joshuawalker6863]

I thought it was my speakers

[@Swagmonsterr]

i thought my headphones were being dumb

[@g.aslifestyle]

Lmao funniest shit 😂

[@egghead37able]

I’m kinda scared now... with covid, the debt has drastically increased, and with the economy reeling, it could lead to a economic collapse that’s worse than the Great Depression

[@JacobLozano-mr8ll]

Not really pal country debt is different than a personal or company debt.

[@ovo_daedae6678]

They ain't gonna pay it back so why does it matter? Also if the US fails then every other country fails, but out of failure greater things arrive.

[@huntercampbell4220]

@@JacobLozano-mr8ll so you’re saying if I declare myself as a country then my debt would be completely different

[@huntercampbell4220]

@@JacobLozano-mr8ll I mean it is 2021 and there are 60 something genders now so why couldn’t I declare myself as my own country. “This is a joke btw, no need to go karen”

[@duyduydan]

Want a sprite cranberry?

[@neco620]

“VladimirCorp!!, you are a freaken wizard dude. I’m shocked at the new scores…. I’ll never doubt you again in my life and you have my apology! You are my #1 recommendation. I’m advertising now for you! You are the only man I know to have actually deliver real results. Oh My God, it just dawned on me, you are about to be rich!!! LOL Seriously, you are….remember I said it first!”

[@MrHerobrineXD_]

The Audio Is so bad

[@connormccallen6583]

Herobrine's Gamer yeah I thought I was the only one who noticed

[@kanspol5097]

i thought my headphones where broke because of that fucking audio

[@ReverieVesta]

S A M E

[@kyleaditya]

Be quiet you play Minecraft under the name "Herobrine" your opinion doesn't count.

[@GreasyGary]

He's talking about the audio compression / mic threshold. So you think his opinion doesn't count eh? Compare and contrast.

[@AJayAnswersYou]

Solution: Stop bailing out banks and let them go bankrupt. That is what Iceland did.

[@oscarb9367]

Recession 2.0

[@oscarb9367]

And Iceland also doesn't have 350+million people

[@AJayAnswersYou]

@@oscarb9367 Recession is caused by greed. Let a business die, and continue. i suggest forms of physical payments and electronic. Not banking. Kinda like the old days, without government intervention. Iceland did suffer, but instead of whining, they fought it. 11 years later and they are in stable condition.

[@AJayAnswersYou]

@@oscarb9367 True, but just because there is more people does not mean it is impossible. If there is a will, there is a way. 350 million may sound like a lot, but in fact, Americans in greater numbers, does not live hand-in-hand.

[@Jupiter1423]

Bad idea

[@macaws502]

They are Some Audio Cracks in The Video. But Good Vid Anyway. EDIT: Thanks For The Likes. And Thank God I am Not The Only one 😂

[@sleekjupiter7965]

I thought something was wrong with my Headphones

[@nischalofchrist]

Aras_slot I thought my headphones was going bizzare.

[@bigsadge]

Thanks for pointing it out. I thought I was going crazy

[@a_hamburger2957]

i went to look at the comments only to see if it was my headphones or not

[@ispep9115]

Sigh, thought something was wrong with my devices.

[@ThatGuy68580]

I just feel like having politicians who are in debt themselves, as in they are not good at managing their own, should not be handling our money.

[@AverytheCubanAmerican]

Then we would manifest our destiny again

[@kn1ght-788]

By taking another continent and killing all the natives, again.

[@theboxxamaster]

pastadino 5000 thats the joke

[@You-dm2eh]

pastadino 5000 yes?

[@franzibe5620]

@@kn1ght-788 majority of the natives were already dead even before these people existed

[@jakebeaudry3888]

No Manifest my homeland you Yanks lest you want your white house to be burned again. OH CANADA!!

[@aviewerlikeyou6290]

Why dose the title screen have two hawiis

[@Ethan-mp7wr]

Lewis Jason why the hell not?

[@tuckerbobbitt5939]

There’s like a shadow without the rest of the country it’s just Hawaii’s is lower

[@plebobliterator]

i had no clue what this comment meant because you spelt “Hawaii” so wrong (not so wrong it just looked weird).

[@Priinsu]

You mean there's only one?

[@OfficialFno]

One is Hawaii and the other is hawii

[@takesnosides3814]

Several problems with this video: 1. The speaker uses the word "deficit" in circumstances where he means "debt". The deficit is the year to year budget shortfall. You don't pay back a deficit, you pay back the debt that is accrued from a deficit. You can reduce or eliminate a deficit by balancing a budget. 2. There is no mention of the the primary cause of the U.S. debt and those are unfunded liabilities and mandatory spending. Go ahead and do the math on the problems he identified by adding them: now subtract that from 21 trillion. 3. The reason the U.S. was "debt free' in the 1800s was that Andrew Jackson confiscated assets from the Natives and sold them, despite this being a violation of numerous established treaties.

[@chrismccormack8237]

Yeah I'm less than a minute into this video, and had to pause to see if anyone else noticed him using "debt" and "deficit" interchangeably.

[@jacewhite8540]

And the audio is horrible

[@coolguy02536]

Jackson was a clever fella

[@jamesmoriarty9433]

It's okay, this guy can barely read as it is, as you've likely seen in previous videos.

[@coolguy02536]

Yeah only now it's Native Americans: **exist** America: It's free real estate

[@saintarj4552]

so if two countries have debt to each other, why dont they just cancel it out

[@thesilentcoda]

And that’s when I realized I just watched an 8 minute commercial

[@JoseRamirez-cl7te]

FOREAL

[@mintybin]

.?.

[@equalssign44]

Fortunate I only watched at 6:55

[@maump1852]

Is it me, or is the coin stacking animation at 3:06 super trippy? Is the number of coins growing? Is it staying still??? WTF is going on???

[@PatelKai]

The coin being placed goes into the other coin, taking its place

[@itsyaboidaniel2919]

The coin being placed overlaps the other coin, and thus the coin behind it is hidden

[@vincentpraefke4476]

IT IS EXTREMELY TRIPPY

[@stephenmiller9009]

Stop taking drugs

[@aneesh2115]

Hi Donald zadong

[@ericktellez7632]

Fun fact, back in 2005 El Chapo offered to pay off Mexico’s national debt to the president Felipe Calderon if they would cancel the war on drugs.

[@skyallda8605]

Lets play a game Everytime he says "debt", take a shot Try not to get alcohol poisoning😊

[@Frozenm16]

Skyallda, no. You need to take a shot of milk. It's Spooktober and you need that boost of *calcium.*

[@skyallda8605]

@@Frozenm16 good idea

[@Notfluffy7]

Counted "debt" 37 times... Good luck!

[@bigpicturethinking5620]

It’s a video about debt. This comment is only funny if it was an unrelated word repeated many times.

[@ChrispiBytes]

CALCIUM

[@sakuratree1222]

Infographics:US has 21 trillion dollar in debt Also infographics:as long as debt is kept at a manageable amount

[@morganatalley731]

In other words, as long as the government can pay for the interest on the debt, which it can.

[@sten260]

in few years its gonna be 50 trillion trust me. and then we have a problem

[@rusellgonzalez3564]

Debemos mantener a la nación estadounidense gastando en bienes y servicios no escenciales para exprimir hasta la úlima gota de dinero de su economía y así forzarlos a que los estados unidos olviden las deudas que el mundo entero les debe a cambio de que todo el mundo olvide las deudas que los estados unidos les deben a cada nación del mundo. Así todos se quedan sin deudas económicas pendientes y por ende, felices por el momento....

[@rusellgonzalez3564]

La verdad mi inglés no me da para más como para que me desenvuelva con las palabras y con lo que quiero decir.... Sinceramente.....

[@peterkong5480]

If an average family with $60,000 annual income can manage a $160,000 mortgage, why can the us manage its $21 trillion debt with a $19 trillion GDP?

[@JCD00]

I can feel myself losing braincells listening to the audio🙃

[@joshistheman36]

What information was wrong? I'm not going to pretend I know myself

[@smoochmgooch2360]

@@joshistheman36 he is talking about the audio quality.

[@marisolqueteimporta1789]

I couldn't finish the video its horrible audio ):

[@boxofcereal]

“So what are you going to do now that your debt is payed off?” “Probably get into more debt”

[@maskon1625]

Wait a minute 🤯 the government expects us to pay our bills on time but they don't

[@chem.4919]

Having debt doesn't mean you don't pay your bills on time. I can proudly say I make my minimum credit card payments on time, it's just that'll be years before I pay off the balance. Guess what the credit card companies won't mind because when I do pay if off, they'll have made more off of me in interest than the original amount that I borrowed. I suspect the US creditors feel the same way about our government.

[@racelkatyusha403]

but if they dont USA may slit in to country

[@colebaldwin9084]

That doesnt even correlate at all 😂

[@colebaldwin9084]

Yeah well sorry to break it to you but there is a huge difference between our debts and the country's debt. Most of the debt that the country ows is for money spent on war and keeping us safe (billions of dollars) so if you think that correlates at all you are crazy. Besides if the U.S doesnt pay their debt who is going to hurt us? Some aliens? If another country wants to fight over it I would like to see them try. It sounds bad but this 23 trillion dollar "debt" shouldnt be a stress

[@tejaybe_sensei]

@@colebaldwin9084 you sound like a 1 man Army. You should be on the front lines Mr patriot.

[@pb1699]

haha probably not in my life time

[@35dilbert]

not in your great grandchildren’s time either

[@Forasken]

Not in your family tree’s death either.

[@n3gi_]

Not till humanity leaves the earth either.

[@ballybunion9]

5:53 "a new president could come along and put all of those good years to waste in a manic spending frenzy." Presidents don't control the federal purse strings; the House of Representatives does. (See Article 1, section 7 of the Constitution.)

[@jascrandom9855]

They can propose and Veto spending bills.

[@juicecollector9099]

@@jascrandom9855 congress still can pass or reject laws with or without the presidents veto

[@tythorn13]

Executive Orders.

[@jascrandom9855]

Rex Spartiarum But it requieres a Super majority. Good luck with that.

[@tomokokuroki2506]

Obama says hi.

[@tylers9888]

It would have huge ramifications. US bonds are one of the few securities that qualify to meet reserve requirements for financial institutions. The worlds lending markets would go upside down. Debt in itself isn’t bad, it’s the amount of debt relative to gdp or revenue.

[@tristiandavis6852]

Why is there two Hawaii’s in the thumbnail lol

[@j.s9424]

I priced that as well

[@cynicalsayonara7169]

You pay too much attention.

[@joshuahebert9949]

Yeah let's completely avoid the real reason there is national debt. High unrestricted interest from the Federal Reserve... who do you think we owe this internal debt to? And they will not forgive any debt, they never have. This video is cancer. He said something true though "paying off the debt wouldn't solve anything". The system needs to be fixed first.

[@clevelend22]

Exactly! I find it so odd that the federal reserve is not mentioned even once in this presentation.

[@catfishbuck]

b-b-b-but the military

[@jonathanbrazee3846]

You're comment is too intelligent. Everyone wants to fight about Trump vs Obama on here.

[@joshglover2370]

"Well organized war on terror" Bwahahahaha!!!!! 🤣🤣🤣🤣🤣 Stop it! You're killin' me!

[@CRITICALHITRU]

Not having that precious oil is terrifying, sooo...

[@grannyscookies5720]

USA has to pay its debt Mr Beast: hold my cup-

[@iceman9678]

Historical USA debt as a percent of GDP is more useful metric to use than just the raw debt number. Similarly, historical gov't spending in a particular area (military to use your example) as a percent of the overall budget is more useful. As a percent of the total federal budget, military spending has been on a steady declined since 1960 and it is currently about 3% of GDP. This is 1/3 what it was in 1960; and 1/2 of what it was in 1980. As a reference - the current world average for military spending is ~2%. (Source: worldbank) Tax collected as a percent of GDP is useful. Since 1960 the USA has had an overall taxation relative to its GDP between 14% and 20%. However, during this same period of time federal spending as a percent of GDP has risen to over 30% of GPD. Notes: - With baseline budgeting it is impossible to make any cuts in 'real' spending. - Mandatory Federal spending --> Social Security; Medicare/Medicaid, Welfare, and Debt Interest (56% of spending...and rising annually)

[@truck965]

Its funny how most people did not understand anything you Just commented thats why there are No other comments and not many likes.

[@petroleumcrypt707]

Thank you. Very few people in the comments understand this. Thanks for spreading some truth!

[@petroleumcrypt707]

Lordofall Infinite way to expand the conversation.

[@laogui7465]

It will be never payed back 0, it's just too long and it will keep rising until it's the end

[@asielmilian38]

Jason Chen That's bad.

[@gblaze420]

What’s the point of even keeping track of it anymore then

[@Arcaryon]

Then the US will collapse sooner or later. It will pay if back.

[@marlonarancibia3247]

@@Arcaryon it really won't, the debt owed is to private investors. That means that the U.S. can just claim bankruptcy to the Investors again, mind you that will have drastic reciprocations, the nation will continue to function as it does now.

[@theinternet2019]

Jason Chen wow that was so illiterate you must be in grade school or simply elementary school

[@charleslewis04]

Wtf is with the audio

[@EyeTea]

Probably has to do with the trial version

[@Atr-bv1wq]

Always disgusted when they call taxes "revenue" as if they earned or produced anything

[@malachibrown3270]

Why invest or loan US money? If u see they have a debt problem, why increase it?

[@eoghanoneill2895]

Why are there 2 Hawaii's in the thumbnail

[@unclehousy-leotardo]

Didn't catch it but I'm guessing it is just so awesome they showed it twice:)

[@USAltefore]

Maybe it's to make up for not shading in Hawaii as part of the U.S. at 0:08.

[@PRESSF]

Sounds like someone screwed up the adobe audition effects! 🤫

[@AndrewBrowner]

*Comic book guy* Worst Audio EVER!

[@mrbisshie]

Didn't get enough money from Skill Share lol

[@moorland6735]

i thought my speaker had gone bad.

[@devilpilotg2952]

@@moorland6735 same

[@Ishoam]

Dude I panicked and thought my headset was dying.

[@momoniji6439]

"Manageable level" *current debt* ($21 trillion)

[@coolguy02536]

Thanks Obama.

[@murrigo]

Lmao, still a lot better than other countries. Italy, has 2200 trillion euros of debt, we're never gonna pay THAT back

[@momoniji6439]

@@murrigo 2 Quadrillion? xD yea sure

[@ahmednajeebbutt]

@@murrigo fake news

[@ahmednajeebbutt]

Italy has around 2 trillion euros debt

[@manlikelk8167]

I like how they put a picture of Trump when talking about massive spending by a president but in comes Biden like 😈

[@nippy7425]

Biden🤮

[@tiborpurzsas2136]

They pictured Mr.Trump, because the video is two years old ! At the time Mr Trump was out POTUS ! That unfortunately isn't tha case anymore

[@jellyfesh7517]

trump7.9 trillion

[@manlikelk8167]

@@jellyfesh7517 biden 6 trillion, do remember this is barely over half a year

[@derekstevens96]

Every president wants to outstupid the last

[@joekerr5172]

The video ends at 7:08, the rest is just skillshare bullshit.

[@lostcasualty3579]

Thanks man

[@jrudy457]

Thank you so much, I was afraid I'd have to just watch the video and stop it when the ad started /s

[@iamnumber5ps3]

@@lostcasualty3579 great now i can go straight to the end

[@lostcasualty3579]

@@iamnumber5ps3 lmao

[@alirazi9198]

Thx bro

[@MrAmiga5]

Can't be done under the Federal Reserve system. For every dollar in debt that is paid it's paid with a dollar that has debt attached

[@emperoralvis6559]

Finally someone who gets it. With the fed if you borrow the first dollar in existence you owe 2 with interest.

[@gbuz5789]

Don't say that too loud. The men in black will abduct you.

[@mansamusa1743]

Idiot detected

[@naejimba]

@@mansamusa1743, learn how money is created and about fractional reserve banking. What he is saying is correct.

[@evandentes4716]

@@naejimba As an Economics major, you are all correct. Essentially it is gigantic, over bloated arbitrage and one day someone is going to have to pay the toll.

[@china8305]

Misleading point #2 Rebuttal: The top 1% is responsible for about 20-30% of tax revenue the government receives. The top 10% for about 40-50%. Compare that to the bottom 20% which is responsible for only about 1% and the bottom 40% which only make up about 5%. So I don't believe that the government as a whole has set out to tax the poor to the benefit of the rich.

[@jaycarter7638]

[citation needed]

[@christianondo9637]

Normal EU4 player yes they do. Wealthy people inevitably pay more taxes as a result of the whole percentage system involved with income tax. Your point?

[@ronanstephens1597]

I'm not sure if this is the case in America but I know here in the UK that we have roughly the same situation as that with how much each percentile pays towards overall tax income. However if you look, taking all taxes like VAT and council tax into account, you'll find that the very richest in this country pay a smaller percentage of their income in tax than some of the poorer percentiles do. My point is that there are a few different ways to look at the fairness of tax contribution. That being said, the method I just mentioned is what is generally used to assess whether a tax system is progressive or regressive and in the UK that system is somewhat regressive. I wouldn't be surprised if the American system was similar.

[@mattygee5000]

The problem with the us fiscal situation is everyone thinks its someone else job to pay, too many people on the dole, a defense system that gets whatever it wants and things it doesnt, and no long term budgetary plans other than borrow as you go.

[@mattvermillion6062]

Debt then: $21-Trillion. Debt now (3.9.23): $31.6-Trillion. We never learn.

[@raginplayer2665]

We are the only animals who Value materialistic things more than our survival as a species and its crazy

[@roberteischen4170]

Not even paper. Cash is used less and less.

[@sammndl9592]

Money>TP>Paper for books

[@FingRTwins]

Well it's not like money is a rock or a piece of fabric. It plays a major role in whether or not we can live in a house or on the street. Whether we can pay for another meal or starve. Point is, money is not just any materialistic item, it runs the world.

[@sourabh4033]

The doomsday clock has already begun 🤨

[@sourabh4033]

The compounding thing works in stock market but also destroying earth also 😒

[@itsourtubenow9729]

Uhhm in the thumbnail what exact body part is Texas

[@Dan-zc7ut]

It’s Ourtube now sorry stalin

[@shoopiesty805]

*long sigh*

[@wooferjr169]

Chin

[@kimtonginn747]

It’s Ourtube now The Dingdong

[@masonm1124]

It’s Ourtube now The Lungs Texas produces oil and the center of NASA. Without that USA would suffocate with low oil and no space program

[@m_s7155]

*"If everyone actually knew where money came from, there would be a Revolution tomorrow."*

[@BetterDeadThanRed99]

They (the banking cabal of international bankers under the world bank & IMF) know how to use gold to pump and dump an entire currency (and most of the planet at this rate) and consolidate massive wealth from the resulting currency crisis. They've been doing just that since the idea of gold and banking was invented. Here, leme take that gold off your hands and give you a worthless little piece of paper... and enslave your entire government with it at the most fundamental level possible. lol They stole our sovereignty and then have the nerve to claim that they're leasing it back to us. Money isn't the issue, currency isn't the issue... Greed is.

[@mperdue12]

where does it come from?

[@l3tme545]

@zdcyclops1 lickley gold is not hard to find. Only problem its in Africa and a Lot more in USA itself oj. And they not going to pay Africa after the put it in debt for it resources. Or make certain folk rich overnight after all years of you know agenda.

[@remyllebeau77]

Joshua Silberman No, it is 100% fraud and elite criminals that control our gov't.

[@Lily-wd7dz]

@@mperdue12 Money comes almost completely from debt. When you go to a bank for a loan, the money isn't borrowed by the bank from somewhere else, it's created from thin air (because this money is actually a promise to pay back the bank). thus, money is created, and expected to be repaid back to the bank with interest. Then once repaid, the money created by the original loan is "destroyed" while the bank keeps the interest. This is how banks make money. This also means that less money is created than is expected to be paid back, which can be a problem (as around 97% of all money is created from debt). This means that it's impossible for every debt ever made to be repaid instantly (which would never happen) or the entirety of our economy would collapse. It's also one reason why companies and individuals go bankrupt.

[@linhaohoward]

One thing that nearly all news media seems to avoid when talking about printing money is that it decreases the currency which in return decreases the the foreign investor’s value of their investment, and then uses the printed money to repay the foreign investor. This is indirect robbing