Jani yelling says we broke,

Janni Yellin says we broke.

Jopin said we good.

Somebody line.

Somebody line.

Jannin Yellen says we're broke, Jobody says some,

Jobody say we good, I say somebody line.

So we're gonna talk about right now at a debt limit.

So January 19th, the U.S. hit its debt limit.

Meaning, January 19th, America could no longer lend, borrow any more money.

They can't borrow, no more money. They can't borrow no more money. That's it. You maxed out.

Maxed out. Now because the US runs budget deficit, it must borrow huge sums of money to pay its bills.

Now here's what's important what I want you to understand.

What are the bills that America has to pay?

Now, because they borrow money and America runs in a deficit what has to happen is

they got to borrow a lot of money. How do they borrow money? They borrow money by doing what? Giving out bonds, giving

out T bills. If you don't know how that goes, this is how it goes. Let's say I want to build a studio. The studio

cost me $100,000. So what I'll do is I don't got the money and I definitely don't want to get a loan from the bank.

What I'll do is I'll say, yo, I have 10 bonds for $10,000 a piece.

Now let's just make up a number right here. I'm going to pay you

10% for each bond that you own. Okay? Jose says gives me five of them. So I give

Jose, Jose gives me $50,000.

...