Wikipedia also has a good article (and thorough debunking) of this topic - just google on 'amero'. That "D" that he references on the obverse of the medallion (it is a private issue artifact and not a coin!) does not refer to the Denver mint. It is part of "DC" referring to Daniel Carr, the designer who sells these medallions, and to his company, Designs Computed. Notice that the video is far to blurry to see this discrepancy. The real question is: Does this psychopath really believe this garbage or does he just think there is an audience stupid enough to fall for it? One wonders if the government agents who supposedly closed down his radio program arrived in black helicopters.
My understanding is that about 52% of our $10,000,000,000,000 debt is owed to the Social Security administration. The law establishing the SSA restricts it to purchasing only US government bonds for the reserve it establishes from SS 'taxes' (they really should be called Insurance Premiums so that our senators and congresspeople don't get too confused) against future obligations, i. e., social security and medicare benefits.
Every year, well over $1 trillion of this debt becomes due and about $400 billion in interest has to be paid. Since our government has no ability or intention to pay these amounts through earnings (i. e., taxes), it just borrows more money through the sale of more bonds to pay that each year. In other words, the worlds most powerful government with its largest economy is now financed through a Ponzi* scheme. This is called Reaganomics.
*Wiki also has a fascinating article on "Ponzi Scheme" and the life of the man for whom it is named.
Are we going to one day just all agree to simply forget the national debt is there at all?
I don't think that the people who rely on social security and medicare, which "owns" half the national debt, are simply going to forget that it is there. Nor are the insurance companies and retirement funds (or the Chinese for that matter) that have major holdings in US treasury bonds (the physical form of our national debt) likely to forget. Unfortunately, governments have a very easy way to effectively retire a substantial fraction of their debt, by adopting economic policies that lead to hyper-inflation. Small underdeveloped countries will sometimes do this by just printing piles of money to pay off their debt and fund exorbitant programs.
This always leads to such hyper-inflation that the economy is essentially destroyed and the country effectively returns to a barter system, so I can't imagine the US ever being so fiscally irresponsible. But there are less drastic policies, including some that are now being considered to lift the US out of its financial troubles, that are supposed to "prime the pump" or inject fluidity (cash) into the financial markets, but run the risk of high inflation.
This approach of retiring the debt through inflation has its limits in that the government has to constantly refinance its debt (the Ponzi scheme aspect I alluded to) and lenders will demand interest rates commensurate with anticipated inflation. So the inflation gambit has to be done fast and furious, say 10% to 15% inflation for a few years. It's the people on fixed and low income - primarily the elderly - who effectively pay off the debt and get totally screwed over, but perhaps that's the penalty for not paying attention in civics class and tolerating a Reaganomics driven series of administrations that drive the debt from $1 Trillion to $10 Trillion in so short a time. (Buzsaw, are you listening?)
'Borrow 'til we're broke' Reaganomics has now run its course.
Who are we? We find that we live on an insignificant planet of a humdrum star lost in a galaxy tucked away in some forgotten corner of a universe in which there are far more galaxies than people -Carl Sagan
I'm wondering exactly who (or what) it is that Sagan thinks has forgotten about this corner of the universe. And what telescope did he use to determine not only the number of galaxies in the universe, but also the number of people in the universe.