Episode 70: The Federal Government is Bankrupt
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The Death Spiral of the Ponzi Scheme
Social Security has no more money to loan the federal government, it now has to go in reverse. The last place that the federal government can turn for the money it needs is the Federal Reserve by printing it. And if you want an example of what that looks like, run amuck, look at modern day Venezuela with their 18,000% inflation.
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