The US owes $22 Trillion, and no one collects. I miss one $70 payment on my Internet Bill and I get collectors bombing my phone and charging me late fees...

@mistermr.6938

3 жыл бұрын

You don't have a nuclear weapon.

@jonny777bike

3 жыл бұрын

I think we would have to build a system where all people had a place to sleep, eat and live, the bare necessities. The cost for healthcare for the elderly is outrageous. If we could focus on everybody getting super healthy and people living to 100 years. Retirement at 80 years old. Our cancel culture has to end. Feminism has to end. Instead of so many young people being single we would have a higher marriage rate and a higher birth rate. End no fault divorce, end automatic custody of children to the mother use more joint custody. The government should not be in the business of breaking up families but building them.

@californianking5662

3 жыл бұрын

Well you don’t have the strongest military in the world lol

@AngelaBuyck

3 жыл бұрын

True

@HasbullasBurner

2 жыл бұрын

I dont think you know how the debt works lol

I live in San Bernardino you always keep your doors locked and guns loaded That's just normal

@cb-tc9lw

5 жыл бұрын

That is normal there. That is not normal in many other regions of the world. Just across the northern border we do not fear our neighbours nor do we feel the need to be armed in order to be safe.

@cb-tc9lw

5 жыл бұрын

@@franjokristof4007 Franjo! It is you. Yes, in poor and war torn parts of the world it is normal. There are many others, such as Canada, where that is not normal.

@carlojones8610

5 жыл бұрын

Franjo Kristof npc repeat this "immigrants are illegals they are to blame for all our problems... people with high paying jobs don't do crime....only trump can save us...putin/trump 2020 and beyond🎺🕵💩

@12201185234

5 жыл бұрын

@@cb-tc9lw What are you talking about? I grew up in a small town in the mountains about 20 miles east of San Bernardino and nobody locked their doors. People in the worst neighborhoods in cities like Toronto lock their doors for damn sure. And Canada has almost as many guns per capita as the US, so...

@stefanf922

5 жыл бұрын

That's everywhere in the country.

Gold and silver prices would skyrocket. Gun sales would also skyrocket.

@CumminsCat

4 жыл бұрын

Yet they're trying to take firearms away from us because that would be a benefit to a foreign power.

@wlonsdale1

3 жыл бұрын

Maybe. The barter system would be in place. Thing is, you can't eat gold

@donHooligan

2 жыл бұрын

@@wlonsdale1 money-worshipers (capitalists) will never accept that fact.

The root of this problem, more than anything else, is debt based currency... and this is the system almost every country uses. New money cannot be created without either our government or an individual taking on additional debt. There is always more debt in existence than there is currency in circulation to pay off the debt. It is a sophisticated form of debt slavery and a scam.

@mjsmith-jones7607

Жыл бұрын

FIAT, Nixon took us off the gold standard in 1970 and our dollar was worth 98 cents today it's worth less than 16 cents. I wonder why nobody talks about it.

Um, we are bankrupt, we're living on credit.

@lmlCOBHClml

4 жыл бұрын

That's the first thing I thought. "What if"? We already are

@Mii.2.0

4 жыл бұрын

You think that's bad? What about sTUDENT LOAN DEBT?!

@alistairwilson5344

4 жыл бұрын

And China owns you!

@TheMarkster245

4 жыл бұрын

No if we declare bankruptcy, not the common slang term that means broke, we are not bankrupt until we declare it and if you watched the video we will most likely take China with us

@DrJohnnyJ

3 жыл бұрын

@@Mii.2.0 Student loan debt is nothing. The military spent 1.7 trillion on a plane that doesn't work. That is more than student loan debt. Nothing can spend money uselessly like the US military.

I totally missed the whole barter system during the recession

@Delgen1951

5 жыл бұрын

same here and i work in retail.

@kathykaura7219

5 жыл бұрын

Some web sites, where you can buy clothing and other goods from other people, similar to "LetGo" have an option for bartering. I just saw one today for the first time on Gardrops.

@s45gr32

4 жыл бұрын

Me too, how did I missed it

@anyone150

4 жыл бұрын

Or adopt gold, silver and/or bitcoin as currency and use thosr to buy things.

@CumminsCat

4 жыл бұрын

@@anyone150 imo Bitcoin is going to be a hackers paradise, plus they're saying banks will give the option to convert to crypto or lose your account.

I almost went bankrupt too, but I just raised my debt ceiling 😜

The U.S has been using a credit card method for years.

@lylewoolbert3802

4 жыл бұрын

Business blaze

@eriklakeland3857

3 жыл бұрын

The illegal offensive invasion of Iraq after interest will cost $5 trillion in 2055

@wlonsdale1

3 жыл бұрын

All countries have

@consolegamer8871

2 жыл бұрын

Yet if we're just one month late on a credit card. They'll hound you for there money.

I wonder why this popped up in my feed in 2020.

Each city over 100,000 people in N America can survive roughly one week without electricity and/or 10 days without food shipments from beyond 100 miles. Then you have Lord of the Flies with Guns.

@John2r1

5 жыл бұрын

nah then you have Marshall law , arnored vehicles , tanks and APCs taking over the cities to keep order.

@agentc7020

4 жыл бұрын

I doubt law would matter after a couple of days tho, when people start running out of supplies then the outlaws (criminals) will shine

@John2r1

4 жыл бұрын

@@agentc7020 It would matter more in cities near military bases and Washington DC. Due to the presence of the Armed Forces to help maintain law and order. The further one gets from the direct influence of bases and major cuties close to them the less it would matter.

@agentc7020

4 жыл бұрын

JLight2r1 indeed, I doubt local police forces could handle a problem of that magnitude

@John2r1

4 жыл бұрын

@@agentc7020 Unless its a large city with paramilitary Swat teams . Then no they really can't. Though you know local police Chiefs can deputize some of the locals to increase their numbers. Most towns will likely at some point create their pwn citizen militia to maintain law and order. General rule the more rural an area is the less anyone is going to care what you do as long as your not attacking or threatening the locals no one will bother you.

Simon, this was two years ago, do you think the "stranger things" happening today are likely to bring the U.S to bankruptcy?

@libertybiberty8182

4 жыл бұрын

Teresa Warnke we are $150 trillion dollars in debt currently (if you include Medicare and social security liabilities). I hate to say it, but we are bankrupt right now.

@CountrySingerWannabe

4 жыл бұрын

@@libertybiberty8182 Oh no, I thought I was gonna have to scroll down a bit to find the first conspiracy theorist.

@derikc24

3 жыл бұрын

@@CountrySingerWannabe ha...👉👍

@johngeier8692

3 жыл бұрын

@Jthomas: Over many decades a debt and pledge crisis has been building up in the US. The Continental collapsed in the nineteenth century and the Dollar is on the same trajectory. The US federal reserve has been printing a lot of money out of thin air recently.

@libertybiberty8182

3 жыл бұрын

Jthomas Annillo not sure how that’s a conspiracy, it’s a fact.

It would be interesting to see a a top tenz of what would happen if the world shifted from the US Dollar of the world preferred currency.

@AetheriusLamia

2 жыл бұрын

Isn't that what you just watched?

The US has been operating under bankruptcy since 1933. Only for a brief period in the mid 90s was the US operating with a positive balance but it was never declared out of bankruptcy.

@johnhardin4358

5 жыл бұрын

Federal Reserve pulls a coup d'etat in 1913 and no worries, promises to make those bad panics go away. In 20 years they drive the nation bankrupt and no one notices. They did it over Louie McFaddens twice poisoned dead and quivering body. That's why no one notices. The buffalo hunters found that by sniping any buff who took alarm they could slay an entire herd in a day. Die for the lie.

@o76923

5 жыл бұрын

You are confusing having a national debt with being bankrupt. Yes, we owe creditors tens of trillions but the government possesses hundreds of trillions in assets.

@despotzapper

4 жыл бұрын

That so called positive balance was spent on the foolish bombings in Kosovo conflict.

@dingusdingus2152

2 жыл бұрын

@@despotzapper actually the Kosovo conflict as you so blithely sugarcoat it was done quite on the cheap as wars go. After Clinton left office in 2001 the government actually had a substantial surplus. Bush of course, couldn't resist the temptation to sink his fangs into such a juicy morsel and promptly engineered/choreographed another war (this one against terrorism). A few years later and Hey presto! there we were, up to our armpits in debt once again. And this time it stayed, like the pink bathtub ring, but rail as they might for fiscal responsibility in Congress, in private the legislators don't really seem to give a crap. So if they're not the least bit concerned, they who are in the position to actually do something about it, I don't see why I should lose any sleep over it...

Scary but thanks for this! Very informative.

The possibility of a rise of cannibalism. Hopefully the lawyers and politicians go first.

Yeah, would have thought this would have been made in the past couple months

MORE AND MORE HOMELESS ... while flippers buy up all the homes, paint them, then slap a $50,000 increase in price... A system of banker's enslavement.

thank you for this great video 😀

I'm getting some GrEaT ads on this video about get-rich-quick stock market schemes

We humans are smart enuf to see the possible outcomes of various actions or lack of, but that means we 'should' do better at actually avoiding them! Sadly... We do not.

@seanstinebuck4890

4 жыл бұрын

"Enuf" Love It. I will use that abbreviation for the rest of my life 😊

@sailingsolar

4 жыл бұрын

@ One-' That which can be accurately said "should" does, while that which cannot doesn't. So which is it? You can't have it both ways and be correct.

@jessicacanfield5408

4 жыл бұрын

Humans as a whole are dumb

Dude we already went bankrupt.

Great yet ominous video Simon!

Aha! I've always wondered about point 6. Thanks.

If you have gold it will always buy goods anytime anywhere

@DavePreissl

4 жыл бұрын

Why?

@cam12freer

4 жыл бұрын

Because you can eat gold or use it as medication?

U.S., as a government, is already bankrupt: financial obligations greatly exceed assets on both a current and accrual basis.

@o76923

5 жыл бұрын

You clearly didn't pay attention. The US has over 128 trillion dollars worth of mining and mineral rights available to sell.

@conversationtosaurusrex

5 жыл бұрын

Also you fail to realize that Debt is often affiliated with GDP. For instance, if you owed 10,000 and I owed 500,000. Then I am likely screwed. But if I make 250,000 a year vs you making 2,000 a year. It is much more easy based on my current pay, to pay off my debt. It is similar to how Greece having 500 billion in debt, made them bankrupt as their GDP was nowhere near the debt pay off.

thanks!!! makes me feel SOOOOOOO much better simon!

Simon Steller vid as always, love your work.

There is just something chilling about a city attorney saying, "Lock your doors and load your guns." And this is coming from a gun nut with an AR 15, FNX 45 Tactical with a red dot sight, and 454 revolver.

@macnut68

6 жыл бұрын

Meh, the police can't really protect you from crime; there aren't enough of them to go around and criminals do their best to avoid police attention anyway. All the police are really good for is tracking down and arresting those who have already committed crimes, thus acting as a kind of deterrent.

@DavePreissl

4 жыл бұрын

If the US collapses the population will turn on itself. It would be a mass of insanity and guns.

Wasn’t the 2007 homes lost primarily due to the sub prime loans because (in America) “Everyone deserves to own a home.”? 🙄 Fanny Mae & Freddie Mac?

We as a people need to help each other in every country not just our own

Your volume or recording level is distorting and too loud. Love the show a lot keep up the great stuff thanks

This whole notion is silly, the GDP is 20 trillion+ per year, the money borrowed is mostly borrowed on our own future. Yes we do import quite a bit, that doesn't mean we don't have those resources, we choose not to use them.

Time to start stockpiling bottle caps

@savagesalvage9449

5 жыл бұрын

I'm gonna fortify my home with lit lanterns.

@cam12freer

4 жыл бұрын

Toilet paper

@gullywumpus

4 жыл бұрын

Liquor and tobacco

Thank you.

Brooks' book was really quite interesting and plausible. Really liked it.

@o76923

5 жыл бұрын

It's only plausible if you have a poor understanding of economics.

#5: some increase in homelessness? WTF? if the government stopped paying social security most seniors and the disabled who depend on it to live would be homeless and hungry. More importantly, if the usa economy collapses, so does the rest of the worlds. who would be left to lend us money? china depends on us to buy goods, the Saudia's need us to buy their oil or the chinese to buy it with the money they make from us. today's world economy is so much more interconnected than in 1929 that if any major economic power goes down, everyone goes with them. the only saving grace for us is that we grow more than enough food to feed ourselves with plenty left over to sell overseas. and we have enough military to make sure no ones takes it from us. the world's economy would become mostly barter based, and food will be the #1 item on the list.

We need these types of videos in most countries to help explain things come election time. I find it difficult to believe any of the ads that pop up in Australia making statements about finances, when it comes time to vote.

GREAT VIDEO................

We would stop acting like the world's policemen or demand payment for our services.

How about getting out of the wars all over the world and closing the unnecessary military bases we have all over the world?

@bitset3741

6 жыл бұрын

Our allies don't want us to. Plus, if you lay off all those military personnel you are causing even more problems.

@jimster1111

6 жыл бұрын

it has to do with global power. if we move out of syria or afghanistan then russia or china enter in force.

@simhopp

6 жыл бұрын

If USA leaves, China and Russia will become even more powerful, and end up costing even more money for USA for defense.

@a_can_of_soda

6 жыл бұрын

jimster1111 How many countries has China invaded since 1949?

@simhopp

6 жыл бұрын

China invaded Vietnam after USA left Vietnam. didn't you know? that's why Vietnamese hate Chinese more than they hate Americans.

You should do a video on the bankruptcy of 1933. It's a very fascinating story once you get into the details of what actually happened.

Well this is now surprisingly topical

This is definitely my worst nightmare considering I work a mundane boring job that I hate just to survive in a shared apartment.

@deathbycognitivedissonance5036

6 жыл бұрын

Jake Matthews Same with me. Not going to lie, we're the first to go. 😵

Welp, if we weren't bankrupt before, we're about to be now.

Ammo, tobacco, and alcohol are always worth something. You can’t eat gold and silver.

@davidparker4501

4 жыл бұрын

Nope can't eat gold and silver...but you can trade it for alot of food!

@skycloud4802

4 жыл бұрын

You can't eat tobacco or ammo either. Food and water is what we need in crises.

@st.george9404

4 жыл бұрын

@@davidparker4501 sorry but the exchange rate would be terrible. how many ounces of gold would it take to get a bag of potatoes from someone?

The main thing is that if America goes bankrupt, many nations will share the pain and in some cases much worse than the U.S. One economist said that if one country's economy is piggybacking on the U.S. economy it means that if America gets an economic "cold" then those other countries would get "emphysema".

I like this video. I have a suggestion, why not do when about what happens if the world bank collapses.

I DECLARE BANKRUPTCY -Michael Scott

I was hoping you would talk more about the international impact

@jannikergudingenreklameriu9897

3 жыл бұрын

prices on mobility scooters and captain diabetes hook arm will decrease 60% else pretty much nothing will happen when america rolls over

@NickAlexSR

2 жыл бұрын

@@jannikergudingenreklameriu9897 How ignorant and naive you are, how sad lol. If it ever did collapse, a lot of countries and world trade as we know it would collapse. Vice-versa with China, India and any other country with a large enough economy and imported/exported goods. The world is nearly all connected, if one goes down, almost everyone else will follow. Blame the governments of many other countries continually investing and trading into monopolistic economies. Do yourself a huge favor, face the truth and excuse your pathetic hate and stereotypes and grow up. Save yourself even more embarrassment.

Odds are the majority of countries in the world would experience a similar set of circumstances if they went bankrupt not just america.

The U.S. debt is about $21,600,000,000,000 that sounds pretty bankrupt to me

I read somewhere recently that the Bureau of Land Management alone owned 1/2 to 2/3 of all the Land in the 'US'... if one Govt agency owns that much land... they have more than enough to sell off

@QT5656

4 жыл бұрын

The US government will manage its people's land WAY more responsibly that private companies (that might not even be US owned) would.

It’s already bankrupt!..... You just don’t know it?

Please post a vid on the FED. Seems to be a fair bit of info springing up on them

Argentina...reruns...ah the memories..

Economics is really interesting subject. I would suggest you read David Graeber's Debt: the First 5000 Years. Also the debate really isn't between 'hard money' (gold) and 'fiat money'. The gold standard is long buried. It's a limited resource, whereas humanity's capacity to create wealth is unlimited. The example of a huge earthquake bankrupting the US. Such a disaster would, like WWII would create unbelievable needs, which in turn would generate near unlimited opportunities. This is why cutting back government spending, while pumping up the military and shoveling tax breaks for the richest people is a clear sign of idiocy. Economics is not so much the study of money, as it is the study of how to get the best possible advantage from which types of economic activity. What would make an interesting topic is how Bill Clinton not only balanced the budget, but created surpluses, and how the Republicans as soon as they got the chance derailed this while continuing to blame the Democrats as 'Tax and spend.'

@rickybobby6028

3 жыл бұрын

Clinton surplus is a myth, also search: broken window fallacy.

Well that's interesting, in light of the World's current state.

Don't keep too much in the bank - Look what happened to the people in Cyprus. Or other places experimenting with negative percentage rates.

it’s not a matter of if, but when. it’s coming folks...

The Rio Olympics was in 2016 not 2012???

@Redsoxking

4 жыл бұрын

London 2012

Hopefully my IQ will increase the more top tens I watch. Love this channel keep it up.

@user-ge4uk9ui8y

6 жыл бұрын

Your IQ will go down if you watch this egg head videos

@dj-ko4ef

6 жыл бұрын

won't happen

An increase in homelessness? Lots of videos on KZread popping up showing people how to convert an old bus into an apartment on wheels. Maybe these people who accomplished such projects saw the writing on the walls?

pay off all your bills including your mortgage, stock up on as many supplies as you can, and get yourself trained in whatever skills you think you might need. if the USA takes a dive, then every country on the planet will also go down as well, except for maybe Israel and Iceland.

All I see when this guy talks is the dude from kingsmen 2 singing country roads... Lmao

It would become several different countries. Mostly by region's

Well that was...very purge-like

Absolutely love the last item.

*US declares bankruptcy* The queen: Its free real estate!

@despicableme8703

4 жыл бұрын

muskatDR come get it

2008, debt is $10 trillion: "I will cut the deficit by half" -Obama..... 2016: debt = $20 trillion. Because, AS YOU KNOW, $20 trillion is HALF of $10 trillion.

@Tallandcharming

4 жыл бұрын

Rick 23 Trillion now 😆

@AngelaBuyck

3 жыл бұрын

Yesh right

Well, here we are.. the right concoction and recipe for bankruptcy...

Just to let you know we are going toward another big depression. It might not happen all at once like the one in the 30's but it is coming soon

Then a world depression worse then in 1930s will happen contest like China,Brittany Canada and Mexico and many many more we have a depression like what happened when the us went into a depression it took Germany down with it

@fernarias

6 жыл бұрын

The US took Germany down when it stopped lending to Germany. US economy went first and then the rest of the world followed. The great depression became the great depression because the federal reserve (a private company) raised interest rates.

@ryanhynes6596

6 жыл бұрын

Controller Rex You’re an idiot. Germany went down in the early 1900s because they mass printed their currency causing inflation to sky rocket. 1usd was equal to 4 TRILLION German marks. The US provided Germany with a loan, and then due to bad economic choices in the GLOBAL market, a depression was caused. And since America has the world strongest currency (even today) because of how often it’s used in international business, and the large amount of countries that use it as the reserve currency, we suffered a lot

@fernarias

6 жыл бұрын

They mass printed their money because the US stopped lending to Germany. They printed money to pay back the reparations that was imposed on them by the British and the French after WWI. They US is currently printing money to pay off debts just like the Weirmar Republic the only difference is that the world is currently highly dependent on the US dollar and they are propping up the value.

When you say "Barter Economy" do you mean sexual favors for food?

@wlonsdale1

3 жыл бұрын

Thats silly

There was a movie in the 70s called americathon that predicted this.

Lol who else is watching this in the middle of the pandemic shut down. Hahahahahaha

Thankfully I own my home with no debt in a rural area. So for the most part it would be useless for the government to seize. The presidents security will never be compromised in the event of bankruptcy.

@simhopp

6 жыл бұрын

Do you have water supply on your property? ie a well ? if not, you can still be screwed.

@mrj-charles6383

6 жыл бұрын

Yes my one home is a small farm and I have a shallow well and deep well there along with septic tank. My home in town in on public water and sewer. Also plenty of trees for firewood and animals for food.

@simhopp

6 жыл бұрын

should raise cattle, cow dung is excellent fuel.

@fernarias

6 жыл бұрын

If this happened, they would raise you land tax and you would lose you land.

Weren't we already??? Hahahahahahahaaa

@thatoneguyitspersonel541

6 жыл бұрын

yes but the gov. says were in debt XD but there retarted so... yea

Absolutely some of the best information available. This channel rocks!

Here is an article about what people did when they had no money. Also, here is an ad/link at the side of said article to Annie Duke talking...

And...a pandemic 2 years later..has raised this ugly specter

@greghill118

3 жыл бұрын

They used this pandemic so they can pass their money from the Federal Reserve which is an illegal entity in the first place around to their buddies

That first political cartoon, “Only 10.6 trillion? I wish”

@josephwelch547

6 жыл бұрын

Orppranator It goes up about a million every couple of seconds

There was no run on a US commercial bank during 2008/9. Zero. Zilch. Nada. There was somewhat of a run with 1 bank in the UK. The TARP funds were not provided to banks who needed the funding to deal with a retail depositor run, in fact, one of the conditions of TARP was that banks who did not need a bailout would accept the TARP funds so that acceptance doesn't mean the accepting bank was on the brink of insolvency. Of the TARP banks that needed the funding, none of them were experiencing a run on the bank by retail depositors. Their loss of value was due to institutional and wholesale counterparties refusing to deal with them (e.g. LEH, BS, ML, MSDW, GS)

correcting an error on #1, 2012 Olympics were in London, 2016 were in Brazil's Rio-De-Janeiro.

When crude oil is no longer quoted & traded in USD$ it's all over red rover for the western economies..BTW Thank you for the research and the video's you make. I just have to ask, do you get asked about that painting (with respect, but not the odd chuckle) Thanks again.

Realistically, the US going bankrupt would probably be the best thing to happen to the world since the development of agriculture. The US is a heavily fractured society with extreme problems all rooted in its ardent adherence to capitalism, and those problems would just get worse in the event of bankruptcy, which would likely lead to the US splitting up into numerous different nations. With none of them powerful enough to invade, sanction, embargo, or otherwise sabotage other nations, the world would begin to transition from capitalism to socialism, including the remnants of the US. The global elite would be massacred within a generation, the means of production seized by the working class and operated for the benefit of society rather than profit, and exploitation would disappear, and with it so would crime and poverty.

I grew up in the country. I can make and preserve my own food and I know how to run engines on wood gas.

No ads 👍

we are resource rich-we just havent bothered and import. that’s changing

Unfortunately like the Roman Empire came and has gone, the same happened to US. It's days of glory is behind us, we don't have a World leader anymore, it's everyone for themselves :-\

@lindamueller2858

3 жыл бұрын

Wow, we have a great leader if you think we don't either don't come here to visit or move ! People like you can't stand democracy and freedom

"Lock your doors and load your guns." Obviously, as long as the US government is in debt, it would be immoral to restrict gun ownership. As Simon says, "Lore Enforcement will be cut back." (grin)

The US debt is denominated in US dollars, and the US creates those by fiat, so it can't go bankrupt like Puerto Rico. What could happen is no one wanting to buy treasury bonds which are used to finance the debt. That would still be ugly as it would require a massive realignment in government spending.

@coupledyetivonvanderburg5385

6 жыл бұрын

You mean like, not always spending far more than we have?

Simply, the people will get what they want. Majority of the world's population want poverty, instabilty, ignorance and self-destruction. If they didnt, they would invent and engage in mechanisms that would raise themselves out of thier current situations. Majority of the citizens of the the United States have realized that to raise themselves out of squalor they had to create a conservative meritocracy. And look at the nation now..

Easy , forgive all debt . It's just numbers on a computer that we agree to give value too.

@senseiadam-brawlstars9465

4 жыл бұрын

Yeah, because me investing my money in something is definitely just “numbers in a computer.” And if they forgave it people would definitely lend to them again.

How topical today... money printer go brrrrr

When you owe the bank a million dollars, the bank owns you. When you owe the bank 22 trillion dollars, you own the bank.

Our money is backed by faith, 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸 😅😅😂😂😅😅😂

I love how everyone watching this video is either anti trump or America or both

The biggest problem is that we are the largest debtor nation in the world with a creditor mind-set

Problem with selling state owned stuff is that it probably is more harmful than anything else. You'll have a hard time selling anything that does not make or at least promise profit. And you were losing money because you had too little of those profitable assets in the first place....