… they grow their balance sheet, that creates artificial demand for US Treasuries, and it facilitates really, the theft of inflation. So when you're, if you think about like right now, We collect about $5 trillion worth of taxes or quote, revenue if you're the government, and then you spend about $7 trillion. And if you just think of this as like, you know, a big jug and you have five gallons of water in it and you take the five gallons out and then you pour seven gallons back in, well, of course you've raised the level. (09:33–09:41)
CLAIM
Asserts that the U.S. government collects $5 trillion in taxes and spends $7 trillion.
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.
