
Episode 6: The Financial System
Breaking Down: Collapse
00:00
We Will Always Have More Debt Than We Have Money
In peak prosperity video, he said there was 12 trillion dollars in the system and 60 trillion dollars of debt in the us. So what this means is that we will always have more debt in the system than we have money. People take out debt in order to consume things like a car, and also in order to grow like a business. Both types of those debt create economic growth. To support increased debt, we have to also grow economically.
Transcript
Play full episode