What is U.S. Debt? – P1: Intro to Debt | Watch Part II – “Comparing Debt to GDP” : http://www.youtube.com/watch?v=vTNkysXQUsk
Today the US Debt topped 15 Trillion dollars. What is debt exactly? How does it destroy families and countries? Epipheo is beginning a series on the topic of debt to help everyone understand where we are at as a country. That’s right … perhaps we are the real Super Committee. Comment on what part of the debt problem you would like to see more videos about.
Epipheo makes videos that allow for human meaning.
http://epipheo.com/contact
Let’s be social together, o-tay?
The Epipheo Underground: http://epipheo.tumblr.com
Company updates: http://facebook.com/epipheo
Quips and short stuff: http://twitter.com/epipheo
Behind-the-scenes: http://instagram.com/epipheo
Subscribe, if you’re into that:
http://www.youtube.com/subscription_center?add_user=epipheo
Truth, Story, Love.
http://epipheo.com
Soo good!
Zombie apocalypse will solve everything *nods*
Thanks, Now i understand 🙂 Your the BEST!
That’s why I live in Canada 🙂
great! thumps up for part two?
@GeorgiaAngel17 You wish!
😀 pack your bags , we’re going to Canada 😀 all the non- steroid polluted
milk u can drink
Ok, lets say there is a fixed ammount of valued resourses on earth, then
there would be a fixed value on money right? So where does the money paying
for the interest come from?
@epipheo check out v=Dc3sKwwAaCU on youtube, as a student of economics I
was able to watch this and apply it to what was being taught in class. It
explains the history of fractional banking (which is the basis for all
central banking). Basically, all money is debt because it is borrowed from
a central bank, any note payable assumes a certain amount of interest but
in order to pay off the original note more notes must be printed. A US
dollar is a federal reserve note. Also look up note.
your animations are always great
@GravityBeats forget going to, it MUST get viral
@xxnicoleq why the US dollar**
Dept to Who???
wow i wish i saw this video when i took economics last semester =( i didnt
know how to define G.D.P
that is exactly what i was asking myself !
Sadly, it didn’t. Just proves how uneducated our world is, more interested
in Black Ops II and sports than our impending doom by debt.
In my opinion, debt doesn’t exist, it’s an excuse for people to pay more to
the 1% by the 1%. Debt is created when we borrow money (nowadays borrowing
billions from all around the world) and we have to find a way to somehow
pay back all that money for all the products, services, etc. that other
countries had supplied us. Like the video, it’s simply a loan (a huge loan)
that accumulates until the U.S.’s budget can’t pay off. What do we do to
try to pay it off, well we simply “borrow” more money!
lol no.
what happens to our country if we cant get out of debt? what happens then
war?
This is Bob
! [] I killed him,
! ☻ THE END.
! / ▌ To make a real change to YouTube
! / and avoid looking like a retarded troll
!__ share this petition with 115,000 signatures:
http://www.change.org/petitions/google-change-the-youtube-comment-section-back-to-its-original-form

It doesn’t go without saying that the government owing debt issued in its
own currency (which it is the monopoly producer of as in the US) is in the
same situation as a household with a finite amount of money. It is
impossible for us to go bankrupt unwillingly- by refusing to offer more
bonds, or just pay for things by crediting people’s accounts. The debt
ceiling is a kind of arbitrary/fictitious constraint put on ourselves for
moral reasons. There is largely a moral, not institutional relationship
between the amount taxed and amount spent for government- and as long as
they are meeting inflation targets there is no negative functional (as
opposed to moral) reason why it couldn’t continue paying for its programs
by simply crediting accounts. Currently the fed is TRYING to cause
inflation quite unsuccessfully. Aside from the fed stimulus, they have
pumped trillions of dollars into the economy by buying bad assets for
arbitrarily high prices- and still inflation is so slow they are worried
about it collapsing into deflation. If the government is trying to keep
price stability, growth, and high employment- if they are meeting these
requirements but aren’t using taxes=spending is it accurate to say that is
bad? At least it doesn’t seem it is the same as a household borrowing
debt. 
Nice way to communicate. 
Remember, don’t let this guy fool you. The land of the free owes most of
that money to itself, and china only needs about 2 trillion.
Then the year after that,the US of A can just pay back everything else. No
one would see the home of the brave as an indebted country, but a worldwide
superpower.