Comments by "Matthew Nirenberg" (@matthewnirenberg) on "America Will NEVER Repay It's $33T Debt (Because It CAN'T)" video.

  1. Except that it can't. The problem which exists and is unlike any time before in history is that the debt is absolutely global. No one country can afford to forgive the debt as doing so would destroy them and every other country that trades with them. We're literally in a MAD (mutually assured destruction) situation at the moment, everything to too tightly interwoven. This is exactly why the world is closing and becoming more insular, why every country wants to do everything itself. Only when countries are 100% self-sufficient and don't need the rest of the world, can they forgive the debt without destroying themselves.
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  2. The richest people in the world live in Europe and their money is held as Euros. Also, given that Central and Eastern Europe are increasing their manufacturing, advanced manufacturing, mining of precious metals (offshore deposits), recycling of metals and minerals, and, farming, there is little need for the 3rd world (BRICS). Its actually the 3rd world who actually need Europe. Given that they need Europe, they will have to pay on the terms that Europe sets which will be to pay in Euros or bullion. The idea that Europe needs the 3rd world and will be forced to pay in bullion is laughable at best. I see the Euro becoming the new world reserve currency once the US dollar completely collapses in the very near future.
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  3. Bullshit, literally everyone who illegally enters the USA and gets on welfare is receiving social security. They are an absolute drain on the economy and are the single largest expenditure of any country. Socialism is 100% the problem. If you don't understand this, then this channel is not suited for you.
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  4. Fixing (i.e. paying) the debt is easy. If the "western" world quit being bloody welfare states, they'd be able to pay down the debt which would dramatically shrink the interest payments. But no, instead of having pain now whilst the debt is relatively low (when compared to 2050 estimates), they'd rather keep delaying, increasing the debt, debasing the dollar and gearing up for the collapse to end all collapses. If they dealt with it now and had pain, it'd be bad but survivable. By delaying it, they're all but guaranteeing their absolute destruction / collapse from which no one will survive. If they hope that this will drive people to CBDC as it might look "attractive", then they're fooling themselves as many are waking up to the truth of what a CBDC is and why they're dangerous. Basically, the west is destroying itself and will cease to exist when it all comes crashing down. It is very likely that the Euro will take over as the global reserve currency as its used by at least 28 countries who collectively contain the richest people in the world. Whilst the 3rd world thinks its gonna do well with BRICS, they're delusional. Ironically, every country that joins BRICS is immediately cut off from trade with the west (some exceptions apply such as China because they're still deemed essential at the moment) as they're trading with a sanctioned country (Russia) which thanks to ITAR prohibits trade and assistance to any country that trades with a sanctioned country. Its actually quite surprising how many daily used items are actually subject to ITAR. Their assumptions are based on "the west, especially Europe needs us". Providing that Central and Eastern Europe continue to do things themselves (i.e. manufacturing, advanced manufacturing, farming, mining, etc.) then there is no need for the 3rd world as far as trade is concerned. This is good for the Euro because it means that if the 3rd world want aid, food, products and services, they'll need to obtain them from Europe if they can't obtain it from themselves. This means that they'll have to pay on the terms of Europe - i.e. Euros. Their only other option would be to pay in bullion - this is the opposite flow that BRICS want; they expect the world to pay them in bullion, not for them to pay the rest of the world. Ever since the '2020 thing', a lot of manufacturing has moved back to Central and Eastern Europe, the war in Ukraine has only helped accelerate this process due to sanctions and trade / export bans.
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