Jiang distinguishes government borrowing from money printing: the government borrows, the Federal Reserve lends at interest, and the obligation cascades back through banks to depositors.
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Interest
A transcript-matched topic anchored by excerpts such as "...they want to profit from it. So they charge you an interest. Right? 5 % is usually the interest. So right now the US..."
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A transcript-matched topic anchored by excerpts such as "...they want to profit from it. So they charge you an interest. Right? 5 % is usually the interest. So right now the US..."
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"...they want to profit from it. So they charge you an interest. Right? 5 % is usually the interest. So right now the US..."
"...the US government. So the government has to pay you back interest. Okay? So if the US government were to say screw this I'm..."
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