Comments by "worn down" (@worndown8280) on "The Four Trends of the 21st Century." video.

I am curious you didnt bring up the staggering world debt, currently 72 trillion US Dollars, thats not including future liabilities. The last 100 years has been paid for with debt. Future generations are A) either going to pay that back (which they can't), B) use inflation to deflate the value of their current debt, while at the same time taking out more debt (which is what everyone in the world is doing now), or C) default on that debt. All of these routes make you objectively poorer (which is what is going to eventually happen). There is no way, from an economic standpoint, that people will have wealthier lives. Add to that contracting populations then you have less people paying into any system and purchasing goods in any system and real GDP drops. Japan is going through this economically right now. They cannot even cause inflation anymore. And as their GDP drops and deflation makes the value of their debt worth more, it will crush them. They wont be the only one, the PIIGS will too. I do love your videos and all your other points seem well reasoned. But I am just curious as to why this was never brought up. Do you think this is a non issue?
1