Please help to support this channel's work:https://www.youtube.com/@Bitcoin_University/joinIn this video, I discuss the problems that arise if you try to avoid a sovereign debt crisis by "canceling" a country's debt.For example, a T-bill is a liability of the US government, but it is an asset on your own balance sheet if you own it. Canceling government debt means wiping out assets on the balance sheets of individuals and families, corporations, pensions, and even nation-states and their central banks.This is why it is most likely that the current enormous global debt load will be resolved through money printing and confiscation, rather than a debt jubilee.Entitlements will be paid out in full. The US will government will not explicitly default on its debt. Everyone will get paid out as promised, but with US dollars that have much, much less purchasing power. Keep only as much money in fiat as you are willing to lose.Not investment advice! Consult a financial advisor.EU Preparing To Steal Your Stuff?https://www.youtube.com/watch?v=dhT7uyNDmsU&ab_channel=BitcoinUniversityUnfunded pension entitlements in major European countries between 300% and 500% of GDP:https://x.com/MichaelAArouet/status/1809477446460182831All Aboard The Bitcoin Trump Train?https://www.youtube.com/watch?v=EdUGKZidRlY&ab_channel=BitcoinUniversityUS debt clock:https://www.usdebtclock.org/Major foreign holders of US Treasuries:https://ticdata.treasury.gov/resource-center/data-chart-center/tic/Documents/slt_table5.html I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #debt #USA Disclaimer Neither Matthew Kratter's Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky....https://www.youtube.com/watch?v=CvUGQ1-8V0I