5 • 1.2K Ratings
🗓️ 26 September 2024
⏱️ 14 minutes
🧾️ Download transcript
Views expressed in this video are opinions of the host and guests and do not necessarily reflect the views of The Epoch Times.
🇺🇸Roman's Special Offer👉 https://ept.ms/RomanSpecialOffer
⭕️ Support our fight for the truth👉 https://donorbox.org/facts_matter
Click on a timestamp to play from that location
0:00.0 | We're about two weeks out from the election, meaning that in about two and a half weeks, or however long it takes to count all the votes, we're going to know who's going to be leading the country for the next four years. |
0:13.4 | However, regardless of who wins, there is a massive structural problem in America that's |
0:18.4 | colorblind. |
0:19.4 | It's not red, it's not blue, it doesn't really matter who's in office, the design of the system itself |
0:24.3 | will make it such that inflation will re-accelerate. You see the national debt |
0:29.4 | currently sits at a staggering $35 trillion. |
0:33.0 | Looking at the national debt on a timeline, |
0:35.0 | you can see that the increase over the last 100 years |
0:38.0 | has been incredible, going from about $400 billion in 1923 |
0:42.0 | to $35 trillion today, |
0:45.4 | an increase of about 8,750%. |
0:48.9 | To give you some perspective on that, |
0:50.9 | if the US was to right now completely stop all of its spending and |
0:55.1 | instead the federal government spent 1 million dollars every single minute to |
0:59.3 | pay off the debt it would never get paid off that's because we're currently paying $2 million per minute |
1:04.9 | just to service the interest on that debt. |
1:07.6 | And so today, let's go through the details |
1:09.8 | of the situation as it currently stands |
1:11.8 | and why inflation is basically the only answer to this |
1:14.9 | problem. |
1:15.9 | Again, regardless of who's in office. |
1:18.4 | Let's start at the very beginning. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Epoch Times, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Epoch Times and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.