Saturday, August 29, 2020

Mark Skidmore talks about the $90 trillion annual churn

 


Jump to 17:50.  "That 90 trillion could support up to $120 trillion in actual debt.  I don't know that that's a fact, but it's a discrepancy - why do we have 22 trillion in acknowledged debt but 90 trillion in reissuance.  According to my calculations and I'm pretty sure thats right - that we wouldn't need 90 trillion, we would only need 16 trillion. Maybe there is another explanation and I keep asking people is there some other explanation, but I haven't gotten one yet."

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