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Money Habits To Prepare Against Inflation, Market Crashes & A Recession EP 1283
The School of Greatness
The Fed Can't Buy Treasury Bonds, Can You Help Us?
We have a national debt of 30 trillion dollars as national deficit a. And so how do you cover that? Well, if you spend more money than what you bring in, you can do a few things. You can raise taxes, which is going to make people angry if your taxes go up. Second is you can go out and you can borrow money. So that's what the government does, they go borrow money. From countries like china and gman. But there's going to be a limit to how much money you can borrow. Inflation just happened. And the government is able to now spend this money without any sort of taxation. However, you still pay the price.
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