The US has a quite large debt problem. Most wealthy nations do with Japan being the worst offender. When there is this much sovereign debt running around eventually the system can break down. In this video, Jim Rickards helps us analyze this sovereign debt problem and what it could mean for us economically moving forward. Much is made of the national debt and the new Republican House is trying to tackle the debt and cut spending. Could they be onto something? Do we really have a debt problem or does modern monetary theory hold?

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