Well, howdy there, Internet people, it's Bell again.

So today, we're going to talk about what U.S. debt means to you.

We've been talking a lot lately about U.S. debt, and it's led to a number of questions

from people who are curious why they should even care about the debt,

and how it would affect

them if the U.S. runs up too much debt. Some were just curiosity, some were nice, and some were

not so nice. Here's an example. I've heard about the U.S. debt my entire life. It's always doomsday predictions and nothing

ever happens. I don't see why it matters. Who do we actually owe the money to? Can't we just

print more money? This just seems like something the U.S. shouldn't have to worry about. Just borrow the

money. I just want European-style social programs to

be funded. It just seems like Republicans treat the debt like they treat the homeless vet population.

They only bring it up when they don't want to help somebody. I'm tired of playing along with them

when I don't really get it.

This one covers most of the questions asked by people. Sorry, it's not a snarky one.

I know y'all find those more entertaining. You've heard about climate your whole life too.

This is similar in more ways than one. One is that

many people have succumbed to normalcy bias where they think, well, nothing ever happens. And how it is

is how it will always be. But it's also similar because of cascading tipping points. I had no idea I was going to make

this video when I did the deep dive on tipping points over on the Rhodes Channel. Just a happy

accident. Who do we owe the money to? The money is owed to U.S. citizens, investors, foreign investors,

countries, etc. When you hear me talk about the bond market, the investors there, individual

and institutional, are who the money is owed to. Can't we just print more money? That's generally inflationary. Increasing money supply

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