When the US Government prints trillions, it is thereby robbing Americans and the entire world in what he calls the biggest theft in history.
He says the total US debt is at $90 trillion, which together with $169 trillion in US unfunded liabilities totals $259 trillion, which is $778,000 per US citizen or $2,067,000 per US Taxpayer.
Now, the value of all US assets combined: every piece of land, real estate, all savings, all companies, everything that all citizens, businesses, entities and the state own is worth $193 trillion.
Our total debt, $259 trillion minus our total net worth, $193 trillion equals negative $66 trillion of debt and liabilities after every asset in the US has been sold off.
So even if the US could sell all assets at the current value, which is impossible, it would still be broke.
Where are the Superheroes? :). Captain America we need you more than Joe DiMaggio. Maybe ET will save us instead if our admired fantasies fail.
Matthias Groeneveld / Pexels
Sri Lanka's PM says its debt-laden economy has 'collapsed' https://t.co/wRMeOTcOnr
— Sky News (@SkyNews) June 22, 2022
It took 215 years for total U.S. debt to reach $7 trillion. It took only roughly 2 years to add $7 trillion after March 2020. Wild. pic.twitter.com/krlqBgEP3C
— Gabor Gurbacs (@gaborgurbacs) July 1, 2022