A friend of mine was a high level economist for the government. he was rich and lived in a big house in a rich suburb of Virginia. Eventually he took early retirement, telling people he wanted to take care of the house while his wife went back to school, but in reality he simply could not stand the lies and deceit this nation is founded on. This was the early 1980's. I was young and still had faith in our government, but I do recall him saying that the national debt was not to be worried about, it was false number used by politicians to scare us and get votes.
Around the same time I new a woman who was so smart she as socially inept (think Big Bang Theory without the humor). She had multiple degrees in economics. I told her about my concerns with the deficit and she told methe same thing, that it is all smoke and mirrors, that ever since we went off the gold system it has all been play money anyway, and not to worry.
Well here is a video that explains all of this. I realize it is half an hour long and I really hate long videos, but it is well worth your time and I dont care how much you THINK you know about our financial system, this will open your eyes so please take te time when you can to watch this.
This one is much shorter but describes how wealth in this country is really distributed and if you think you know, if you think you grasp it, no you don't. Watch and learn friends.
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