Josh Sigurdson sits down with author and economic analyst John Sneisen to talk about the massive accumulation of debt in the United States as the total US debt hits 68.5 trillion dollars and the national debt hits 19.8 trillion dollars.
John Sneisen breaks down how the debt is accumulated, how it enslaves us and how it affects each individual.
Most people in the United States don’t actually know where the debt comes from. The Federal Reserve creates fiat currency out of thin air, devaluing the dollar, creating debt and inflation. People do no hold money in their wallet, they hold IOU notes, in other words, debt.
The total debt per citizen is at $210,920. The total debt per family is at $826,972.
When the populace is forced into debt by the extorting hand of the state and banking system, they are thrown down a bottomless pit of debt which puts individuals in a situation where the only way out of the hole is to take a ladder from the state. It forces people into servitude. This is the ultimate endgame of the globalist order. To become a debt slave, so easily controlled.
The solution is either a debt jubilee and an end to the coercive central planning practice, or to watch the economy crash and build it up once again at a free market and free monetary level without the use of force by the state or the banking system. Then people will truly be free.
Stay tuned for more from WAM!
Video edited by Josh Sigurdson
John Thore Stub Sneisen
Graphics by Bryan Foerster and Josh Sigurdson
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