We are constantly inundated with information about the “U.S. National Debt” but very few people actually understand
1. How much total debt the U.S. really has
2. Who we owe the money to
3. What we owe the money against
4. How a failure of one sector can impact the others
5. How much the U.S. owes collectively to foreign sources
Due to this few people honestly understand the true scope of the problem and how at risk it places the entire United States economy.
Mentioned in this podcast is the America’s Total Debt Report which can be found at http://mwhodges.home.att.net/nat-debt/debt-nat-a.htm