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