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Podcast: PRay TeLL, Dr. Hash
Episode: 1462 Bye National Debt
Description: 69 % of national debt around the world is held by governments: 30% is pension funds and the rest by the 1% ultra-wealthy. 8% of people own 88% of stocks, while the bottom 50% own none. All of these numbers are a measurement of something imaginary; namely money. Money is different from productivity; someone who actually does something is the valuable one; all of the middle managers can be let go, all of the fear-mongers who sell insurance can be dismissed; and all of the bankers can be banished. If the government defaults on the national debt, it would actually benefit the vast majority of Americans in...