A video looking at way you can’t simply print money to pay off debt. And what has happened when countries have tried to! And for that matter why a country having debt isn’t necessarily a bad thing. The only reason the US has the most debt is because the US dollar is considered the most trust-worthy currency and other countries see the US as a safe place to put their money.
It would be worse it countries started buying debt of other countries and stopped putting into the United States. The debt may be a lot but it’s actually not something that’s an issue. The US will never ‘pay-off’ its debt because that’s not how it works.
National debt only becomes an issue if GDP isn’t growing, which it is. A more accurate way to see when the debt is an issue is the debt-GDP ration. In which the US is fine in that respect. Whereas Greece and Japan have debt-GDP ratios of over 150%, which is bad.
Also, keep in mind that the US owns debt of many other countries. In fact, for every $1 of US debt, the US holds $0.89 of foreign debt.
Note: if you’re having trouble understanding the whole ‘long-scale’ and ‘short-scale’ talk then please read this Wiki article: http://en.wikipedia.org/wiki/Long_and_short_scales
Hammock Fight – Kevin MacLeod – (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0
White House: Matt Wade – http://en.wikipedia.org/wiki/User:UpstateNYer
Assortment of Money – epSos.de
Taki Steve (http://www.flickr.com/photos/13519089@N03/)
(I wrongly credited ZeroOne in the video for the image of the Zimbabwean dollars, it’s actually from Wikimedia Commons, and in the public domain)
Hyperinflation – http://en.wikipedia.org/wiki/Hyperinflation
Hyperinflation in Zimbabwe – http://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe
Zimbabwean Dollar – http://en.wikipedia.org/wiki/Zimbabwean_dollar
Hungarian Pengo – http://en.wikipedia.org/wiki/Hungarian_pengo
Names of large numbers – http://en.wikipedia.org/wiki/Names_of_large_numbers
Helpful YouTube videos:
‘Who much money is there in the world’ by Vsauce – http://www.youtube.com/watch?v=w2tKg3E53DM
‘Understanding the National Debt and Budget Deficit’ by John Green of the Vlogbrother – http://www.youtube.com/watch?v=3ugDU2qNcyg
Clip art from http://www.clker.com/
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His complete name is Sylvain Claude Wiltord. He was born on 10 May 1974 in Neuilly-sur-Marne, France. With the national side of French, Wiltord has been successful in Euro 2000 and achieved the final of FIFA World Cup in 2006. Wiltord’s playing position in the field is as Striker / Winger.
Wiltord have many experiences palying football with some clubs. In club level he played for Rennes in 1992-1997, Girondins Bordeaux in 1997-2000, Arsenal in 2000-2004, Lyon in 2004-2007, Rennes in 2007-2009, Marseille in 2009, and Metz 2010 till now.
On 10 February 1999, he made his first appearance for France winning 2-0 against England. On behalf of his national team, he has been capped 92 times, making 26 goals.
Wiltord stay put in the national team for the 2002 World Cup. He participated at Euro 2004 as well, playing 7 matches in the qualifying campaign with a great return of 6 goals. Lately, he was member of France team of Raymond Domenech that participated in the 2006 World Cup final in opposition to Italy.
During his career Wiltord achieved many honors as soccer player. And the honors include With Girondins de Bordeaux (French Ligue 1: 1998-99), With Arsenal, (FA Premier League: 2001/02, 2003/04, FA Cup: 2002, 2003, FA Community Shield: 2002), With Olympique Lyonnais (French Ligue 1: 2004/05, 2005/06, 2006/07). With his national team the honors include UEFA Euro 2000, FIFA Confederations Cup: 2001, 2003 (as Winner), and FIFA World Cup: 2006 (as Runner-up). And as individual honors are French Ligue 1 Top Scorer: 1998-99 (22 goals with Bordeaux), French Footballer of the Year: 1999, and FIFA Confederations Cup Top Scorer: 2001.
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The U.S. Department of Treasury said the $1,200 stimulus checks hit millions of Americans’ direct deposit accounts last week. But what about the rest of the checks? 7 Eyewitness News took your questions to EG Tax Services.
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