The Debt Doomsday Clock

In this segment I cover the scale of U.S. Debt and its exponential growth over the years as well as false claims from the current administration about the process of the United States defaulting on its debt. At around the half way through the video I refer to the dollar as a Deflationary asset intending to say Inflationary. I wanted to make the correction here.

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Sources--------------------------------------------------------

Joe Biden Tweet: https://twitter.com/JoeBiden/status/1653550186457645063

The Hill Article: https://thehill.com/opinion/finance/575722-the-us-has-never-defaulted-on-its-debt-except-the-four-times-it-did/

Mises Institute Article: https://mises.org/library/short-history-us-credit-defaults

M1 Money Stock: https://fred.stlouisfed.org/series/M1SL

National Debt Clock: https://www.usdebtclock.org/

Peter St. Onge Tweet: https://twitter.com/profstonge/status/1659554690634227714