That was quite an entertaining video.
It really is simplified, even your average Joe could understand it. Puts it in very simple terms.
Guess we'll see how this eventually plays out though. Videos can be misleading, in other words they may only show you parts of what is really happening and you might not think of the other parts while watching the video, ultimately leading to something misleading.
Not saying it's misleading, but I think we have a good chance to pay our debts off. Will obviously take some time, but not impossible.
Some time ago, I saw this video about the US Debt Crisis and after some time (well actually just after one search) I found it again. And I thought to share this with you. It's pretty well explained - even for non-economic guys like myself.
I knew that the US had 14 trillion $ of debt, but I didn't know that it would be this hard for them to repay their debts.
1 blog comments below
Ghost Rider103 on Mon Oct 31, 2011 2:07 am