But just like a person can go bankrupt, a country collectively can also go de facto bankrupt, essentially by diluting the currency to where it's worthless. And that's where we're headed. Unless we take immediate and dramatic action with respect to government spending, we're in deep trouble. basically. You've seen this in places like Venezuela, Elon. Yeah, exactly. Collapsed. So you've seen it in a lot of countries where I think things have gone to hell in a handbasket. (1:25:32–1:25:45)
CLAIM
Asserts that immediate action on government spending is necessary to avoid economic trouble.
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.
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