Yeah, his problem begins with this statement: If the U.S. government went out today and took every single penny from every single American bank, business and t

Yeah, his problem begins with this statement: If the U.S. government went out today and took every single penny from every single American bank, business and taxpayer, they still would not be able to pay off the national debt. And if they did that, obviously American society would stop functioning because nobody would have any money to buy or sell anything. Nobody? In this whole exercise, money is neither created nor destroyed... just moved. So, we still have the same exact amount of money in the system... it's just been redistributed to the debtholders. And lots of people hold US government debt.