So when you're in debt to a lender, that debt is secured with assets. So you take a car loan, your loan is secured by your car. Same with a home mortgage. They could take your house. The United States is trillions in debt to a bunch of different countries, investors all over the world, but Japan, China, South Korea, etc, Europe. what? And we can't pay it, obviously. And so how do we make good on that debt? Well, what is the United States? (1:48:15–1:48:25)
CLAIM
Asserts that the U.S. is trillions in debt to various countries and investors, including Japan, China, and South Korea.
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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