And so having the US dollar as the world reserve currency has huge benefits for the United States of America. It makes our debt far more affordable when We're a country already paying about $1 trillion a year on interest on the national debt. which is a whole separate conversation that we could spend an entire 10 podcast episodes on. But we know we have that problem. And so lowering that interest rate is a huge deal. (11:10–11:16)
CLAIM
Asserts that the USA pays about $1 trillion annually on interest on the national debt.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
