He's mostly correct.
Even if we stopped all new spending it would take generations to repay all the debt we have now and yet they keep trying to pile more on. It's freaking insane. China isn't buying the debt like they used to and there's no one else with the money to do it. China is getting out of US currency and moving into commodities because the US dollar is going to crash and crash hard.
Investment ideas? beans and rice, buttwipe and tins of tobacco. Bottles of booze and ammo. land you can hunt, fish and grow a large garden on. Non hybrid seeds. Canning supplies and storage bins.
Buy things you can hold, use or trade because cash, and anything based on cash is going to become worthless if they don't stop what they're doing.
"But it does me no injury for my neighbour to say there are twenty gods, or no god. It neither picks my pocket nor breaks my leg." - Thomas Jefferson, Notes on the State of Virginia, 1782
Arguing with a truck driver is like wrestling with a pig in mud, eventually you realize the pig enjoys it.