This debt will never never be paid

Added: 2026-05-17

[00:00:00]The US 38 trillion, China 18 trillion, Japan 10 trillion, the Of and France 44 trillion.

[00:00:07]>> What do you think this is?

[00:00:10]>> It's these countries' national debt.

[00:00:13]>> And this is the global debt which has reached over $300 trillion. That's three times the size of the entire global economy.

[00:00:21]>> And here lies the main paradox. If everyone owes, then to whom exactly? The answer is unpleasant. the world owes itself.

[00:00:33]And that was the plan from the very beginning.

[00:00:36]It all began in 1694 in England. The government urgently needed money for the war. And so they devised a revolutionary scheme. Debt is no longer repaid. It is created continuously. The state pays only interest, but the debt itself never disappears. This is exactly how the Bank of England and the first perpetual government debt in history came into being. Why was this advantageous?

[00:01:04]Because the interest was guaranteed by taxes. As long as the government can collect taxes, money will be paid to creditors and the debt itself can be resolved.

[00:01:15]>> It becomes an asset almost like money.

[00:01:18]This scheme was further expanded in the pifty 19th century. The Rothschilds turned government debt into a global market. Now government bonds could be freely traded between countries, banks, and funds. And in this scenario, default no longer meant a problem for just one creditor, but a threat to the entire financial system, something no one wanted. That is why debt became not just perpetual, but practically irrevocable.

[00:01:45]The next step took place in the United States in 1913. A Federal Reserve system was established. In other words, a central bank, which was granted the authority to print money and purchase government bonds. From that point on, the government always had a buyer for its debt. This meant there was no longer any actual limit on debt. Debt could be refinanced indefinitely. But one problem remained. What to do with countries that still cannot pay? The answer was found in the 1980s. If debt becomes unmanageable, it is not forgiven. It is simply restructured. The country is given new loans so that it can continue to pay interest on the old ones.

[00:02:29]>> This is how the International Monetary Fund already operates. It makes debt global and perpetual.