more than it produces to the tune of NUMBER_TOKEN billion dollars per year or about NUMBER_TOKEN percent of gdp if you borrowed NUMBER_TOKEN percent of your income every single year you would eventually go bankrupt but the country as a whole has been doing this for the better part of the last two decades without any noticeable negative consequences and if anything the borrowing is expected to accelerate going forward so how's this possible unlike you the us government can print as many new us dollars as it once and it has been doing this to the tunes of trillions of dollars per year this sounds like a pretty good deal the government can just print and spend an unlimited amount of money indefinitely but when something sounds too good to be true it usually is the us's status as the richest country in the world is running on borrowed time eventually the chickens will come home to roost and will finally have to pay the consequences of living beyond our means for so long and we're already starting to see the beginning signs of this system unraveling but before we go any further i want to thank the daily upside for partnering with me on this video as a content creator i am always trying to keep up to date with recent events in the stock market and economy you can spend hours browsing through google and reddit reading about the stock market the problem is the vast majority of finance articles are generated by ai or biased career journalists that's why every morning i read the daily upside founded by a former investment maker who spent a decade on wall street the daily upside provides actual insights and clarity on the stories shaping the business world every weekday they deliver a morning brief followed by more detailed stories instead of using click bait headlines and bias coverage like most of us are well too familiar with they cut through the noise and give you only the most relevant information they cover everything from turkey's economic crisis and the effect it will have on nutella to how inflation is affecting the u.s fed heading into NUMBER_TOKEN. they had a great piece recently explaining why the spack bubble finally melted in the second half of NUMBER_TOKEN it's about a five minute read that isn't afraid to dive into hot topics and give real high level unbiased analysis with the occasional dose of whip to keep things interesting as someone who looks to stay on top of the news to help create videos like this i can't recommend them enough click the link in my bio to join the NUMBER_TOKEN NUMBER_TOKEN other people that read the daily upside every morning and the best part is it's absolutely free to understand how the us has been able to borrow so much money from the rest of the world we first have to understand what the us dollar really is currency is printed at the us mint paper bills are printed from cloth and linen a NUMBER_TOKEN bill costs just a few pennies to produce and today the vast majority of new dollars are even printed digitally so they are just ones and zeros on a computer so what gives the us dollar value before money people will just exchange goods with each other by bartering a farmer can trade one cow for another farmer's pig but what if the farmer doesn't have his cows with him at the time he can instead offer an iou that is exchangeable for one cow in the future he can use this to buy the pig instead currencies are nothing more than a standardized system of ious the pig farmer receives dollars as payment he can use these dollars to buy cows from the cow farmer or whatever else he wants to buy in the future international trade and
START_SPONSOR_TOKEN but before we go any further i want to thank the daily upside for partnering with me on this video as a content creator i am always trying to keep up to date with recent events in the stock market and economy you can spend hours browsing through google and reddit reading about the stock market the problem is the vast majority of finance articles are generated by ai or biased career journalists that's why every morning i read the daily upside founded by a former investment maker who spent a decade on wall street the daily upside provides actual insights and clarity on the stories shaping the business world every weekday they deliver a morning brief followed by more detailed stories instead of using click bait headlines and bias coverage like most of us are well too familiar with they cut through the noise and give you only the most relevant information they cover everything from turkey's economic crisis and the effect it will have on nutella to how inflation is affecting the u.s fed heading into NUMBER_TOKEN. they had a great piece recently explaining why the spack bubble finally melted in the second half of NUMBER_TOKEN it's about a five minute read that isn't afraid to dive into hot topics and give real high level unbiased analysis with the occasional dose of whip to keep things interesting as someone who looks to stay on top of the news to help create videos like this i can't recommend them enough click the link in my bio to join the NUMBER_TOKEN NUMBER_TOKEN other people that read the daily upside every morning and the best part is it's absolutely free END_SPONSOR_TOKEN