re: #1 freetoken

If by “debt” they mean national government debt, then that statement is just plain false.

The problems of public debt have been discussed for several decades now, and there are institutes that spend most of their efforts studying this (look up the Pete Petersen Institute, for example.)

The ability to borrow is related to one’s expectations for tomorrow. As long as populations rise and the physical means of production are available (energy, land, other resources), it’s not really that big of a deal to expect tomorrow to be better and thus to borrow against the future.

Where many nations are getting into trouble today is that the expectations of the people have exceeded what can actually be produced within the nation.

As for the US, we have a private debt problem that is bigger than the public debt problem. And, we have an ongoing trade balance problem that has contributed to our inability to control our currency.

Beware of propagandists peddling “answers”.

Did you watch the entire video?