Notice how she never said cut spending as an option to get out of this?! This is why things will never change. The US will default and it will be bad.

@sandponics

15 күн бұрын

That sounds good for the rest of the world.

@thomasauslander3757

14 күн бұрын

Hey.. we're amazing Americans we don't stop spending..

@NazriB

13 күн бұрын

Lies again? UDK Module USD SGD

@justusirmscher3066

13 күн бұрын

Exactly because she talked about the current amount of debts. To cut public spending is a way to decrease future debts, it won't have an outstanding impact on debts at these moment

@haroldmonkey4076

13 күн бұрын

@@sandponicsno it’d be terrible for the entire world

I love how they avoid saying cut spending

@user-ds8rj2vc4v

10 күн бұрын

Cutting spending doesn't necessarily work. My country had austerity to curb debt, but the debt continued to grow and it resulted in stagnant salaries for the past 15 years and a basically complete economic collapse for anyone not yet a homeowner.

@simonpetrikov3992

5 күн бұрын

@@user-ds8rj2vc4vyeah sometimes cutting spending is not an option

@erniekeller1093

2 күн бұрын

@@user-ds8rj2vc4v That's the correct answer. You cut spending, the economy shrinks and the debt goes up faster. I call it shrinkonomics and itz dum. It sounds good, though, doesn't it? Periodically debt/GDP peaks, during and after WWII and the 2008-11 crisis leading to slow GDP growth. It should be clear that it's the GDP (flow) side rather than the debt (stock) side that should be the focus of a solution. You can't fix a supposed debt stock problem by reducing the GDP flow. So why isn't it clear? I'm waiting....

@user-ds8rj2vc4v

2 күн бұрын

@@erniekeller1093 Yeah, not to mention, how much would they need to cut it in order to cover the debt? We're not talking about making up a £100 loss. The debt is at $34 trillion. You're not solving that from cuts. If they started taxing billionaires and offshore companies properly, that would certainly help fix the national debt problem. Look at companies like Apple, which have over $10 billion just sitting in the bank. Apple makes about $400 billion per year, but pays a total of $17.5 billion per year in taxes. It makes about $97 billion a year in net profit after all costs etc. So of that $97 billion, they're paying $17.5 in taxes. So about 17%. Really, they should be taxed at about 40%. Right there, that's another 20 billion that would be able to For reference, that $20 billion is the predicted cost to feed every American child at school a lunch. I know they sell internationally and should be paying taxes everywhere appropriately, but you get my point. If more companies were appropriately taxed, then more money would be available to cover national debt and improve the living conditions of the people living in said countries.

@erniekeller1093

2 күн бұрын

@@user-ds8rj2vc4v The debt stock is not a problem. It's all the financial assets the economy has accumulated that the government wisely chooses not to tax into oblivion. Prove we need to do that. Tell me what problem is solved by taxing it all back.

I’m not sure why reducing any sort of government spending was not mentioned as a solution

@Ironstarfish

18 күн бұрын

I agree, she also should have mentioned what happens to the dollar after the world stops it as world reserve currency.

@tysone1254

18 күн бұрын

yeah like sending money to ukraine and israel to protect blackrocks investments

@tythomas1134

18 күн бұрын

This! That should be the first option, but she failed to even mention it. I kept waiting for it, but then remembered why I unsubscribed to these fools awhile ago.

@lukeautosymbol2668

18 күн бұрын

Propaganda disguised as information.

@grimaffiliations3671

18 күн бұрын

The government shouldn't reduce spending. Unlike you and me, it's actually a good thing when the government runs a deficit because their deficit is our surplus. If the government starts running surpluses, that would mean we in the private sector have been pushed into deficit, and thats is a recipe for disaster. This is why every depression in US history has occurred after a period of deficit reduction

You know it serious when the lego blocks comes out.

@witch5884

12 күн бұрын

I wonder if the new money will be "Lego blocks"?

@noclicheplease

10 күн бұрын

This reminds me of the jenga blocks in “The big short”.

"Our debt could balloon to the point of no return..." I have terrible news for you.

@old72mac

16 күн бұрын

Right? I'm like, "who wants to tell her?"😂😂😂

@johnbaker4246

2 күн бұрын

In 20 years too!!! She is beyond stupid.

The shits already at critical levels.

@trader2137

18 күн бұрын

nothing happens, japan which is one of the world's leading economies is an example of that...

@Trujones

18 күн бұрын

After that yellow dragon fruit

@lukeh3020

18 күн бұрын

@@trader2137 Japans economy is a disaster though. A perfect example of where we don’t want to be.

@grimaffiliations3671

18 күн бұрын

@@lukeh3020 We were told if a country has a debt to gdp ratio half as bad as Japans that they would suffer hyperinflation or lose control of their interest rates. None of that happened. So this idea that our debt is at critical levels is nonsense. Granted their economy has been suffering from slow growth, but that's because of their 20% consumption tax and other contractionary fiscal policies.

@peterbedford2610

17 күн бұрын

Been to Japan lately? We should be so lucky as to have a country like theirs.

no more retirement no more social security.. MAYBE THE US SHOULD STOP GIVING OUT BILLIONS TO OTHER countries

@kenfern2259

17 күн бұрын

the solution so simple yet so complicated , always got money for other countries except for us

@w1-em4nq

16 күн бұрын

partly agree, but it would just go to billionaires and the less rich millionaires. Just ask 45, that was a joke and slap in the middle class's face.

@sandponics

15 күн бұрын

Get some land, build a house and start to grow your own food. There will be more than enough shit flying around to fertilize your plants.

@michaelandrews4783

15 күн бұрын

Reverse all the tax cuts the rich have enjoyed over the last 50 years, the US government used to not have to run debt

@iamthinking2252_

12 күн бұрын

the social security isn't going to go to 0 suddenly, at worse it's more like the payouts wouldbe 75% what they were.

So like, reduced spending isn’t an option? 🤔

@LyricsQuest

18 күн бұрын

The most obvious option, reducing the government, just isn't on the table apparently. Pretty sure they're intending on sticking *you* with the bill.

@grimaffiliations3671

18 күн бұрын

@@LyricsQuest Why hurt people by cutting public services when you can just stop selling bonds? There's no rule that says we need to sell bonds and add to the debt every time the government runs a deficit

@LyricsQuest

17 күн бұрын

@@grimaffiliations3671 Tax revenues apparently can't pay for the current budget, so stopping the sell of bonds/debt, would lead to a collapse of spending and cutting of public services by necessity.

@grimaffiliations3671

17 күн бұрын

@@LyricsQuest Tax revenues don't pay for anything the government does on the federal level. They're debited out of existence. Anything the government needs, it simply creates as it goes. They rolled over 120 trillion dollars worth of debt in 2021 alone. Thats trillion with a T. Besides, neither taxes nor bond sales can finance the government since spending comes before taxing or borrowing

@lupaulk7684

17 күн бұрын

Sure If u want to have less money in your bank. The spending of a government is the income of the population. So, if the Government goes negative in spending, it will take money out of the system and everyone will have less.

Just blame it on your predecessor and keep elevating spending.

@grimaffiliations3671

18 күн бұрын

nothing wrong with spending as long as you don't spend beyond your economy's productive capacity

@w1-em4nq

16 күн бұрын

his predecessor was all about spending and rich people tax breaks. he's spending, for different reasons, but is doing it wrong here too. it's a bad combo these two.

@grimaffiliations3671

16 күн бұрын

@@w1-em4nq spending on people is much better than spending on tax breaks for rich people

@Delahulle

16 күн бұрын

@@grimaffiliations3671you all should actually read multiple news sources.

@Delahulle

16 күн бұрын

@@grimaffiliations3671he lowered tax for everyone. Biden is raising it for everyone including you so don’t worry our prices have gone up purposely. Biden is also projected to spend more than trump.

And the people who caused this will finally be gone within 20 years and we will be settled with their children making it worse while everyone else is in misery.

@jkfdkjjd

18 күн бұрын

Yeah because no-one will think to do anything in that time...loooool Debt is just a factor in economics it isn't the entire picture

@mosijahi3096

18 күн бұрын

Yea they were spending it on you trying to make your life easier.

@johndoh5182

18 күн бұрын

Yeah that one's laughable. Run for office and have your slogan be "Save America, raise taxes" and see how many votes you get. It was a small group with an oversized reach of power that convinced millions of Americans across different generations that very low taxes is good, the govt. is bad, and global warming is fake. Oh, and they convinced people of other things too such as Democrats stealing babies and such.

@mkvalkyrie

18 күн бұрын

@@mosijahi3096 Yes, I'm so glad the 20 years worth of military spending in Iraq and Afghanistan has produced so much value on making my life easier.

@morningstarrss

18 күн бұрын

​@mosijahi3096 can you explain your hypothesis, good sir? I am from Switzerland and I'm very intrigued by this.

🌹I'm 55 years and I retired at 51. I was able to do this because I understand four pricinciples of financial planning success think long term with goals and investing, spend less than you earn maintain liquidity (an emergency savings) minimize the use of debt

@YanaSimon754

Күн бұрын

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits, such as regularly setting aside money for sound investment...

@_fx_avaharry-20

Күн бұрын

Money invested is far better than money saved, when you invest it gives you an opportunity to increase your financial worth

@_Jefferysctt466

Күн бұрын

It's remarkable how long term advantage people like us have gotten trying to be consistently not stupid, instead of trying to be very intelligent

@AudIversen

Күн бұрын

The wisest thing that should be on everyone's mind currently should be to invest in different streams of income that doesn't depend on government paycheck. Especially with the current economic crisis around the world , this is still a time to invest in Stocks, Forex and Digital currencies

@ScottGonzalez-yl6ze

Күн бұрын

I keep seeing how lots of people testify about how they make money from stocks, Forex and crypto currencies (BTC) and i wonder why i keep losing.. Can anyone help me out or at least advise me on what to do 🙏.

We just borrowed 61 billion to pay for a futile war in Ukraine that should never have happened.

@sweetbriarhuslin7371

3 күн бұрын

wars should never happen. but Americans are weak. Big bad scary Russia, we HAVE to let them win. weak weak weak boys in America.

Try to make few research before letting anyone trade for you like I did ❤ Thank you Jesus, God bless America.

@tamilarasi-bn6fj

15 күн бұрын

How? Please who can you recommend me your professional?

@YOGESHVAJA-gd9dj

15 күн бұрын

Sure I am a born again Christian I recommend and share what is good and profitable, (Sandrina Edmondson). That's her name

@YOGESHVAJA-gd9dj

15 күн бұрын

Thanks to Mrs Sandrina Edmondson.

@YOGESHVAJA-gd9dj

15 күн бұрын

She's a licensed broker here in the states

@YOGESHVAJA-gd9dj

15 күн бұрын

+1

It can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they have really made life more difficult for its residents. This hyperinflation has left the less haves bearing the brunt of the burden. My entire $520k retirement portfolio already took a big hit. Where else can we invest our money FFS

@debwes1

16 күн бұрын

Get a financial planner straight up! personally, I would invest in etf and also love investing in individual stocks. yes it’s riskier but I'm comfortable in my financial environment.

@georgeh.5126

16 күн бұрын

I agree. This is exactly why I work with an investment advlsor. I currently have $690k in a well-diversified portfollo and my portfolio is well-matched for every season of the market. We are working on more figures ballpark goal this year.

@tommyers0

16 күн бұрын

@georgeh Mind if I ask you to recommend this particular coach you using their service?

@georgeh.5126

16 күн бұрын

Sure. She goes by 'Amber Russell Bennett'. Just research the name. All of this happened in less than a year after she told me what to do.

@tommyers0

16 күн бұрын

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing

This video is so simple and concise that all the idiots in our government can understand it! Hope they watch it.

@notKhalid

18 күн бұрын

should be "this video is so stupid" and naive, debt(by the government) is nothing but government expenditure on development, the government can pay the debt right now, but that'll lead to hyperinflation, instead the government needs to print money, at a rate, just below the rate of GDP growth, some inflation is good for the economy in the long term, take Japan for example this is the biggest example of a country will the most amount of debt, there it is. this is just a higher level explanation, of course there are more nuances to this

@theprophet489

18 күн бұрын

Does not bother them the politicians are getting rich and richer 😂😂😂😂

@bus-vid-ko2in

18 күн бұрын

You are assuming they know how to use a computer...

@astroboirap

18 күн бұрын

i thought war is good for the economy?

@MonkeyMind69

18 күн бұрын

The mistake is thinking those in government are idiots, just as it's a mistake to think they have the citizen's best interest at heart. They're literally selling out the U.S. and getting richer, but have fooled most of the population into thinking they're blundering about like buffoons.

I made a video just like this while in high school in 2014 about the national debt. Sad to see nothing has changed, but nice to know the information is mostly the same.

@LarifariRambazamba

7 күн бұрын

The debt has literally doubled in the ten years since 2014. See? Something has changed after all.

The best solution was not mentioned... The government should spend less and spend more efficiently. For example: So many countries are spending less money (per capita) on healthcare and education, but they have a better system than US.

@MrZoomah

7 күн бұрын

Don't forget defense. They could cut a lot of spending without reducing readiness by just hiring experts to check what their suppliers are charging. They cut out all the engineers who checked to see if things were good value for money. Now there's a company that does most of the militaries spare parts...bushings worth $500 max were sold to the navy at $100,000. A rubber seal for an apache... $10k. Might be worth $20.

"Critical levels" is such a relative term.

so US of A is a 27 trillion dollar in GDP and its debt is 33 trillion dollars. Am I correct?

@dineshms7667

16 күн бұрын

I can understand that it's scary for a US citizen.

@larskaminskidk

16 күн бұрын

She is referring to the debt hold by public

@icecreambars

16 күн бұрын

@@larskaminskidk what's the difference? and by public you mean the US population and government except the private companies?

@larskaminskidk

16 күн бұрын

Debt hold by public is the total debt minus debt hold by government organisations : Social security, medicaid, medicare ect

@icecreambars

15 күн бұрын

@@larskaminskidk So according to you US population holds 33 trillion dollars in debt?

I like how the answer is always to raise taxes….how about SPENDING LESS OF OUR TAX MONEY??

@grimaffiliations3671

18 күн бұрын

the government doesn't spend your tax money. Federal taxes are debitted out of existence

@ILikeMyPrivacytbt

16 күн бұрын

Because we need our government, spending less means there might as well not be a government. You want to live like that go to Haiti.

@jjwallnutts4341

16 күн бұрын

@@ILikeMyPrivacytbt so it’s this size government or Haiti? Don’t be that simple minded.

@ILikeMyPrivacytbt

16 күн бұрын

@@jjwallnutts4341 Okay, what spending do you think we could do without? We need defense with the expansion of authoritarian states and the loss of democratic ones, we need a safety net in times of hardship, we need education and healthcare. What do you think we should give up? Frankly I don't think we spend enough on our education and healthcare, those are things that pay for themselves but are usually the first to go when people cut taxes.

@jjwallnutts4341

16 күн бұрын

@@ILikeMyPrivacytbt you dont think there is VAST waste in each department you mentioned?? We could cut a millions bureaucratic jobs tomorrow and no one would notice.

The "Military" jar needs to be at least 10 times bigger 🙄

@Watcher4187

17 күн бұрын

The scary thing is that the the social security and Medicare jar are drastically larger than the military one and it's only going to increase as more boomers hit retirement age.

@Freiheit1232

17 күн бұрын

@@Watcher4187that isn’t true. The military is about 50% of all our government spending

@bobbyrecher1

17 күн бұрын

​@@Freiheit1232This also isn't true, at least not completely. Our defense budget makes up around 50% of our discretionary spending, but discretionary spending only makes up around 30% of our total budget. The other 70% is mandatory spending which must be paid in full before a single dollar can be spent on discretionary spending. Mandatory spending includes Medicare, Medicaid, Social Security, and payments on the National Debt. Mandatory spending can only be changed by changing the bills that created them in the first place.

@elymayer4860

17 күн бұрын

@@Freiheit1232 military spending is approximately 15% of the US budget.

@Taicho116

16 күн бұрын

@@Freiheit1232 That isn't even close to true. It is about 13%. Transfer payments are like 60%.

Video didn't talk about SPEND LESS! There no need to print more or tax more if gov actually responsible and cut spending.

@tythomas1134

18 күн бұрын

This!

@grimaffiliations3671

18 күн бұрын

theres nothing responsible about austerity. Not only does it hurt people and slow the economy, it doesn't save you money in the long run

@Xyz99899

18 күн бұрын

@@grimaffiliations3671 you probably need to understand what a true free market is. A propped up one by artificially pumping money in all sectors is why it can't be maintained in the long-run. The longer the spending balloons the more people it will impact and longer the impact.

@grimaffiliations3671

18 күн бұрын

@@Xyz99899 The governments deficit is our surplus, so if the government balances its budget, that would simply push the private sector into deficit. That's not a good thing for the economy. Government deficits provide the only way for the private sector to net save. Also, government deficits can be maintained. The fed has full control of interest rates, so they can always put the interest rate below the growth rate of the economy. They could also stop selling bonds and adding to the debt at any time

@grimaffiliations3671

17 күн бұрын

@@Xyz99899 The free market can't function without the nations currency. The government's deficit is our surplus. If the government runs a surplus, that means its pushing us in the private sector into deficit. Only way for the private sector to net save is for the government to net spend

Strictly speaking, the government doesn't need to borrow money. It's the issuer of money. The investor side view of money presented here doesn't do a good job of illuminating why this debt is a problem for the general public. When the government issues money, it's attached to some payment obligation. Such as a mortgage. More selling of government debt to investors means more money can be issued in the form of mortgages. Which inflates the property market, and turns into a system of usury for renters and prospective property owners. (The rates look reasonable, but those property prices somehow seem a little high...) Does working longer hours under higher debt levels towards more expensive essentials seem like a good economy to you? It's a good economy for investors! This is more directly the situation you find yourself in when you configure your economy to be GDP optimized. A certain brand of economist does an amazing job deluding themselves into thinking they're not just telling people to work longer hours.

Balanced Budget Amendment. 38 states need to ratify the amendment. I love how no one ever talks about cutting spending. I could balance that budget in 10 minutes.

@tythomas1134

18 күн бұрын

This!

@grimaffiliations3671

18 күн бұрын

Terrible idea. The governments deficit is our surplus. So balancing the budget just means pushing the private sector into deficit. You're basically calling for a depression

@frpgplayer

17 күн бұрын

When a government has a surplus and no debt and continues to keep taxes low but greater than spending, the surplus keeps growing. The people, with low taxes, have more purchasing power. That spending helps the economy. Deficits means borrowing. Borrowed money costs more because of interest. That means more money must be taken from the public to pay back not just the borrowed amount, but the interest. Everyone knows that if you need $100 and you have $200, you can cover the debt with $100. But if you have to borrow that $100, it'll cost over $100 to clear. On the large scale, people go bankrupt, companies go bankrupt, and history shows countries can go bankrupt. The question is simply when will it happen.

@grimaffiliations3671

17 күн бұрын

​@@frpgplayer This is wrong. the 3 sectors of the economy (private sector, public sector and foreign sector) can't all be in surplus at the same time. The only way for the private sector to run a surplus (which it needs to do to stay out of recession) is to draw that surplus from one of the other sectors. And since it can't draw the surplus from the foreign sector because of our trade deficit, it must draw it from the government. So until we get rid of our trade deficit (which can't happen unless the US loses it's reserve currency status) the private sector will rely on government deficits to stay afloat and calling for a "balanced budget" is basically calling for a recession. This is why every depression in US history came after a period of deficit reduction And no, more money doesn't need to be taken from the public to pay the interest of the debt. The government pays this interest by rolling over the debt, taxes do not pay for this. The fed rolled over 120 TRILLION dollars worth of debt in 2021 alone. Also, there's no rule that says deficits must equal borrowing. The government could run deficits without selling bonds, since bonds don't finance government spending. Bonds were sold to control the interest rate, not to fund the government. But since 2008, the fed has paid interest directly on reserves, making bond sales (borrowing) no longer necessary. Countries can indeed go bankrupt, but only if they borrow in someone else's currency. Every country you can name that has ever gone bankrupt in a fiat system did so because they raked up too much foreign currency debt. But you can never go bankrupt in your own currency. Just ask Japan, who are perfectly fine after raking up a debt to gdp ratio of 250%

@drjp4212

12 күн бұрын

@@grimaffiliations3671 Socialist thinking type. No, wealth equals to production capacity which leads to greater capacity to buy anything, not from monetary manipulation. The State isn't the "engine" of the Economy, the private sector is. Governments don't produce anything, their spending come from reducing the current (taxes) or future (debt + interests) purchasing power of the population/private sector. The less governments influences the economy, the better it tends to go...political decisions aren't usually logical/rational decisions, they are decisions to privilege certain groups/lobby while the collective result is jeopardized.

Cut spendong, economy crashes. Raise taxes, economy craxhes. So huge inflation is what we are getting

@starventure

2 күн бұрын

Ask Jimmy Carter what the effects of Inflation are.

Should've used a bucket instead of glass to represent military spendings.

@elymayer4860

17 күн бұрын

Defense spending is less than 15% of the total budget.

@jimlee850

12 күн бұрын

…it’s a good thing you can still recognize the helicopters that fly above Max. If the defense budget is dropped further from the 13% it is now, you might not recognize anything that flies in our airspace…

US government debt-nothing happens, because it’s not really a debt. Now private debt is what people should be concerned with. When that metric rose to 3 times real GDP in 2008, the financial system collapsed.

@timothy1949

18 күн бұрын

survey shows that the average american have trouble udnerstaing basic maths such as compounding, i am not surprised they dont understand how national debt works.

@MattHuey

18 күн бұрын

Thank You! im glad im not only one!! There is no debt! they could print out the money n pay it off!🙌But would look bad! Every Country does it! prints alil extra!🙄🤷‍♂️

@trader2137

18 күн бұрын

system collapsed because FED didnt fix it with printed money. Now they print so its not an issue

@Chad_Max

18 күн бұрын

Agreed. These investors, which are private or foreign nations, are buying America. The American economy is a freight train. Its not going anywhere anytime soon so the US gov debt is a nothing burger...

@praveenspike

18 күн бұрын

If its not a debt what is the actual value?

Everyone needs more than their salary to be financial stable. The best thing to do with your money is to invest it rightly, because money left for saving always end up used with no returns.

@kingbush9328

12 сағат бұрын

You are absolutely right ✅️

@AroraMunoz

12 сағат бұрын

I'm so happy I made productive decisions about my finances that changed forever. I'm a single mother living in Vancouver Canada, bought my first house in October and hoping to retire soon if things keep going smoothly for me.

@MartinGorrido

12 сағат бұрын

Who is your financial coach, do you mind hooking me up?

@AroraMunoz

11 сағат бұрын

Cryptocurrency investment, but you will need a professional guide on that.

@AroraMunoz

11 сағат бұрын

Facebook 👇

As a newbie that wants to invest, you must have these three things in mind 1. Have a long term mindset. 2. Be willing to take risk. 3. Be careful on money usage, if you're not spending to earn back, then stop spending. 4. Never claim to know - Ask questions and it's best you work with a financial advisor.

@Alexibawendi

12 күн бұрын

I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy.

@BeckerGodfrey

12 күн бұрын

How ..? Am a newbie in crypto investment, please can you guide me through on how you made profit?

@Alexibawendi

12 күн бұрын

Thanks to Mrs Maria Davis.

@Alexibawendi

12 күн бұрын

She's a licensed broker here in the states

@PhilCraig-vx3up

12 күн бұрын

YES!!! That's exactly her name (Maria Davis) so many people have recommended highly about her and am just starting with her 😊 from Brisbane Australia🇦🇺

Thank you for this. This video is very informative, extremely easy for anyone to understand and well edited.

The USA has the largest economy and is the worlds main reserve currency, that's why investors buy bonds. The USA also has a big military, so good luck enforcing legal action or engaging in war against them over debt.

@drjp4212

12 күн бұрын

Until the moment the dollar isn't the main reserve currency and a lot of different countries cannot be silenced by military force...

@starventure

2 күн бұрын

@@drjp4212 1. Economic chauvinism is a two way street. China can be the reserve currency of the world, but it won't mean jack if they lose MFN and open trade just because some hillbilly populist grabs the reins and tells them to pound sand. Which is a constant danger in the US, and everyone else in the world knows it. The unique position that the US occupies in terms of geography and consumer/manufacturing capability demands that the rest of the world play fair or groan through trade disputes which screws everyone. International trade may be done in Yuan, but not if the US is in the equation. It will have to be done in US$. 2. The military issue is one that is already set in stone. China is not going to defend Europe, and Europe will not allow them to do so. The middle East allows token Chinese forces to gain favor, but no OPEC member apart from Venezuela is going to trust their safety to China given their history. This leaves only two choices, the USA and Russia. Given Russia's recent history and friends list, the choice is clear.

nations are sick of imported inflation again and again (because of Over-Printing U$$D), disrupting their economic growth... while us enjoy their spending spree without feeling guilty/shame for the world... world-wide de-dollarization is inevitable and imminent, or is it? ---...----

The debt began when the US dollar came out of the gold standard. During gold standard the rule is you can only borrow (Print) according to the amount gold reserve the treasury has, anything extra becomes worthless as it does not back by anything. After the gold standard the dollar was priced in commodities like oil, then it became popular through the easy trade system called SWIFT where the fiat currency is not backed by anything than the trust. Now the trust is gone which shows the actual burden of the debt with fiat currency with no trust or gold as its backer.

@Gameboyreaper

18 күн бұрын

She a bit 30 years off. Must been bored lol

@grimaffiliations3671

18 күн бұрын

that explains why we had so many depressions during the gold standard, tying our entire money supply to shiny rocks was a bad idea

@sandponics

15 күн бұрын

When the US dollar came out of the Gold Standard, Americans started spending money like their was no tomorrow, and now there is no tomorrow, and no hope of saving the USA.

@grimaffiliations3671

15 күн бұрын

@@sandponics spending money is good

Thank you for this video. I've searched other videos and taken an high school econ class but this really takes the cake for being the most explanatory, just when I had given up on trying to understand.

I just have a hunch on how to get out of this. I'm just you know. Thinking out loud, but first things first would be removed. Citizens united thus, corporations can't lobby for political influence next because of that influence loss. The military-industrial complex wouldn't need a little looking at also, I'm a farmer. And we use synthetic nitrogen, which releases so much co 2 into the air. It literally turns organic matter into co 2 gas. So maybe like changing that for food production. So there are my ideas. We change the political sphere, thus changing the military-industrial complex. If we change our food production, who knows food might be medicine and we might not need so many pharmactutor calls. Almost like the word pharmacy has the word farm in it. I made it like 1 minute into the video before I made a comment. Thanks for the vid

@commonsence8223

18 күн бұрын

If everyone with some land grew their own food, things would improve drastically.

@BasementEngineer

3 күн бұрын

scott: There is no such thing as synthetic nitrogen; N2 = N2 regardless where it originates. How does N2 release carbon dioxide, CO2, into the air? Any references for this? As a farmer you ought to appreciate that CO2 is plant food. Just talk to any commercial green house operator.

Another way to get out of debt is hyper inflation!!!

@sandponics

15 күн бұрын

You mean just like Germany did in the 1920s. Then we had WWII to help fix the problem.

113k debt for each citizen of usa.

@trader2137

18 күн бұрын

so? that debt only exists in theory, it will never be paid, it will always be rolled until the end of time

@jkfdkjjd

18 күн бұрын

Better than no debt and living in Cambodia lol

@wyattgouldthorpe1880

18 күн бұрын

​@@trader2137what do you mean so? It's a fantasy that it has no consequences. I'd love to live in your fake world where we can keep running up the debt with no repercussions.

@trader2137

18 күн бұрын

@@wyattgouldthorpe1880 actually youre living in fantasy overthinking about the debt, look at japan, 263% GDP debt, what did that change? people live like they used to and its leading economy...

@grimaffiliations3671

18 күн бұрын

@@wyattgouldthorpe1880 The fed rolled over 120 trillion dollars worth of debt in 2021 alone. That's trillion with a T. Also we don't have to keep running up the debt, bond sales don't finance government spending. So they could stop selling bonds and adding to the debt at any time

The future belongs to those who believe in the beauty of their dreams. Success is a state of mind. I think I'm blessed because if not I wouldn't have met someone who is as spectacular as Expert Mrs Lucy Mary Liam.

@alexandrajuliette6899

16 күн бұрын

I'm glad I was introduced to forex trading and got the best teacher and mentor who helped me understand the financial market I'm grateful to Mrs Liam🙏

@georgemattocks

16 күн бұрын

It's a miracle and I would testify, $110,000 every 4 weeks! I now have a big mansion and can now afford anything and also support God's work and the church.

@rosiejones2079

16 күн бұрын

I have made more than 90K USD God bless Lucy Mary Liam God bless United Kingdom 🇬🇧

@kenrobin8736

16 күн бұрын

Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself

@johncuevas4415

16 күн бұрын

Thank you Lucy Mary Liam $45,000 weekly Profit regardless of how bad it gets on the economy.

How do you explain Japan's debt which is 3 times US debt ratio to GDP? The Japanese don't seem to be living in poverty.

@Rexvideowow

12 күн бұрын

This is what I was wondering as well. "Critical point of no return" talk without addressing other countries that have already gone FAR past that. This just makes Business Insider look foolish, like they did no research. Either that, or they have been influenced by Republicans who always make US debt a talking point. This makes me take everything else BI says with a grain of salt.

@LittUpClips

12 күн бұрын

The Japanese have a massive currency problem.

@drjp4212

12 күн бұрын

Japan had negative interest rates. Not anymore (2024). Debts aren't only debt, they represent a cost to be paid monthly/annually, and that's what matters for the government finance.

@TheNoticer83

8 күн бұрын

Many Japanese adults live like slaves. Wake up early to catch the train, and then stay at the office for 12 hours. It gives them an hour to drink at a bar after work before riding the train home to go to bed. The Japanese are generally miserable if they are working fulltime. That is why there is such a huge NEET population in Japan. Things are so dire that many young people would rather just play video games until something major happens. Adults don't seem to grasp that when they hand their children a sick, perverted, mismanaged society that many of the kids will say "no thanks" and just live as NEETS

Short anwser : nothing

@jkfdkjjd

18 күн бұрын

YUP

Strong appreciation for these videos to be produced. Thank you Business Insider. The context is clear and precise. Love it.

Politicians and economists are afraid to use the term any more because it freely admits effectively to the state giving already rich people free money through governmenrt policy, but the ever climbing debt levels still point to the fact that the false narrative of trickle down is alive and well sadly.

wow you make things so easy to understand and really put a lot into this video

@BusinessInsider

16 күн бұрын

Thanks for watching!

A lot of Countries are in trouble, thanks for the insight

@notastone4832

17 күн бұрын

everyone not sanctioned into oblivion like russia, NK and iran..

The bit about more debt --> more bonds issued --> borrowers get cold feet and want higher yield --> private sources like mortgages and car loans have to jack up their rates to get money.... that bubble is quite nuanced though

Either lower spending or hike taxes or brace for a debt crisis..

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

@donna_martins

2 күн бұрын

The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.

@robert-1miller

2 күн бұрын

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

@Trevor_Morrow_LTD

2 күн бұрын

How can I reach this person?

@robert-1miller

2 күн бұрын

'vivian jean wilhelm’ maintains an online presence. Just make a simple search for her name online.

@Trevor_Morrow_LTD

2 күн бұрын

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

I've been making a lot of losses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?.

@LopezRodriguez-lm8jh

18 күн бұрын

I will advice you should stop trading on your own if you keep losing.

@LopezRodriguez-lm8jh

18 күн бұрын

If you can, then get a professional to trade for you I think that way your assets are more secure.

@LopezRodriguez-lm8jh

18 күн бұрын

I'd recommend Bethany Jennings, her profit is great even when there's a dip

@Martensallen

18 күн бұрын

Wow I'm just shocked you mentioned Bethany Jennings, I thought am the only one trading with her

@LopezRodriguez-lm8jh

18 күн бұрын

You don't need to be shocked haha because I'm also a huge beneficiary of her

Excellent video, great job!

This is amazing content! Thank you :)

Laila can talk about to me about investing and money all day long

this video is so naive, debt(by the government) is nothing but government expenditure on development, the government can pay the debt right now, but that'll lead to hyperinflation, instead the government needs to print money, at a rate, just below the rate of GDP growth, some inflation is good for the economy in the long term, take Japan for example this is the biggest example of a country will the most amount of debt, there it is. this is just a higher level explanation, of course there are more nuances to this

@LyricsQuest

18 күн бұрын

Paying debts, reduces the money supply, making new debt increases it. Monetary inflation goes one way and not the other.

@grimaffiliations3671

18 күн бұрын

@@LyricsQuest No it doesn't. There's no pot of money from which the government must spend it simply creates as much money as it needs as it goes

@LyricsQuest

17 күн бұрын

@@grimaffiliations3671 Check out Fractional Reserve Banking on wiki. "When a loan is made by the commercial bank, the bank creates new demand deposits and the money supply expands by the size of the loan.[4] ", and "Just as taking out a new loan expands the money supply, the repayment of bank loans reduces the money supply.[19]"

@rabbitbobo4131

9 күн бұрын

@@grimaffiliations3671just to let you know, 1. Bonds are already dead, as you look at the largest buyer of debt is the fed. Meaning the bonds are just going back in to a book. Making more money/gdp meaning more inflation. If other countries were buying it then it would spread the cost else where. 2. More or less money doesn’t matter, what matter is M1. That is the reason why the banks are not allowing any withdrawals, more cash more inflation. But as the debt gets higher, the value of dollar gets less, meaning your money will get less in purchasing power any way it goes. Value vs debt problem. To conclude unless you know a way out your are s up both way and side way, there is no way out.

The US will probably need to declare bankruptcy and start over and never allow tax cuts and unbalanced budgets again.

It’s not from tax cuts. It’s from spending. There’s a point where the government actually takes in less money by increasing taxes.

20 years- go for it- I may have moved by then 😊

@Zeyek1

18 күн бұрын

expat?

@mokisan

18 күн бұрын

Where will you move?

@adrianpjagger

17 күн бұрын

Good move 😎

@michaelwells7348

17 күн бұрын

@@adrianpjagger Trump shattered the Record with a $8 Trillion Dollar increase in just 4 years ~ He said he would do just the opposite ... Guess he Lied to US...

@migo-migo9503

16 күн бұрын

If the US goes to shits, I’ve got a feeling every other country will also get hit.

Since Biden took office, there seem to have been more unfavorable results in America. These results include effects on the markets, such as price declines and sharp increases in inflation, as well as bank failures. I wonder if the sudden increase in interest rates will help value investors or if it would be wiser to stay away from the stock and financial markets for the time being.

We need a balanced budget and to amortize the national debt.

The "printing more money" is likely where it'll eventually end up - despite its negative implications.

@starventure

2 күн бұрын

Print more money, until foreign investment in the US gets so acute that another 2016 happens and the rest of the world collectively poops their pants.

While I don't disagree with her thesis, as she is correct, her video lacks any substantial information. It's puff piece.

@Rexvideowow

12 күн бұрын

Yeah. Japan's national debt is 261% of their GDP - the highest in the world. You don't see them in crisis mode. This report is a joke.

@chuckdawit

12 күн бұрын

@@Rexvideowow Have you ever heard of the "straw that broke the Camel's back"? Keep increasing debt over time and eventually services will stop or hyper inflation will occur.

@Rexvideowow

12 күн бұрын

@@chuckdawit Sure, but the people who report on US debt being a problem have always had the position that going over 100% GDP is a death sentence. It's clearly not. I'm not saying spend all you want like it's an all-you-can-eat buffet - just that the reporting she's done here is straight up fearmongering. Absolutely no mention of other country's debt for comparison. Any time you withhold information like that, you're selling a lie, plain and simple.

@davidmella1174

17 сағат бұрын

@@Rexvideowow they are unable to combat the weakening yen because they don't have the luxury of raising rates. Japanese people are absolutely not happy seeing the yen test 160 per dollar. They are getting poorer.

There really is no US Debt....we will just print money and could pay that off!!💯🙌🤷‍♂️ But they cant just print...would look bad! Every Country does it! Such a scam how they have it setup!🙄But just my 2 cents!👍

Investing more into Real Estate while Zoning Laws are not dealt with will only serve to make the cost of living crisis worse.

The critical level will be the interest payment will be so burdening that government has to raise money at even higher yeilds to pay back intrest on older bonds so ultimately in lehmans term , you are swiping credit card to pay off your house mortgage loan every month year after year , and if you are interested just look new bond issues by us government are failing people are asking higher and higher interest rates and us government has to pay them otherwise they won't be able to raise money

This video is nuts 🤣 she's calmly saying "abandon ship", "save yourselves" invest in other countries. Yeah, that's surely the way to not accelerate the US crash.

FUNDING SCHOOLS? LET ME LAUGH AT THE STUDENT DEBT. NOW LET'S TAKE A LOOK AT THE MILITARY SPENDING... HAHAHAH WTF

@trader2137

18 күн бұрын

military equls your security and security of your children, so its very important

@Finlandiaperkele

18 күн бұрын

And then look at medicare/medicaid and despair

@1cool

18 күн бұрын

@@trader2137 But we are the most powerful nation in human history and our geography makes us virtually unconquerable and our military spending far exceeds even China.

@LyricsQuest

18 күн бұрын

@@trader2137 More like the security of US international corporate interests (oil projects, infrastructure projects, corporate farmland all over the world (Think DOLE), US corporate mines,etc). The USA doesn't need 800+ bases around the world to stop the invasion of the USA homeland.

@stephens3721

17 күн бұрын

@@trader2137 Unfortunately, we give donations instead of doing proper business-like deals to the countries we spend billions of dollars on. Meanwhile, anytime we need or want support, our allies barely fund a dime. Why is the American public always on the hook? What we don't lose in taxes, we lose in inflation. However, I still agree a good amount military spending is important for our security (it should just be closer to home, i.e. why do we cut our personal missile defense by 1 billion and increase Israel and Ukraine by 70 billion, where is border security?). Unfortunately, we refuse to build even fund basic border protection and pay people to enter our country illegally. We give them $10,000+ dollars in benefits as soon as they get here, hotels, pre-paid visas, etc. Then, they have there basic needs met and some of them move on to stealing the cars of the working class. They also have the added benefit of being basically untraceable, pay no income tax, change there name every time they get caught breaking the law, and so on. We have no idea how many murders have entered, where they are, who they are. Crime has skyrocketed in every single city housing ton's of "migrant" AKA "illegal as hell people". On top of this the people of the city our then getting taxed higher and can't even use their basic public goods the way they were intended. These "migrants" are spitting in the face of Americans, American law, and American money, and we are handing them money and opportunities to abuse us in return. Even when the police is knowing dealing with illegals, there is essentially no concept of deportation anymore, and no consequences, no fines, nothing. There is no justice. We spend zero dollars enforcing the law saying they should not be here or actually show up to a court case. The system is abused and I'm tired of it. I'd rather pay less tax and have less government because they are clearly a bunch of useless overpaid assholes who don't give barely a care in the world about the people they are supposed to serve.

Or option 4. The government can reduce spending and live within its means.

What about issuing a new currency? E.g. 1 New US dollar = 1000 old US dollar. This way, 1 trillion old US dollar debt = 1 billion new US dollar debt. The other is debt can go on indefinitely as long as there are buyers of that debt which is tied to GDP.

i feel i must correct something for you , we measure economic out by the amount of goods produced each year , should be ----> we measure economic out put by the amount of wars we start and the amount of resources and oil we steal each year

We keep giving countries billions…

@benbonaparte4132

7 күн бұрын

Peanuts compared to spendings on the military. Totally peanuts compared what would happen if the rest of the world would abandon the petrodollar

😂0:50 she never said anything about %40 of that money going out to Ukraine, Israel and every place else ! What's up with that !?

@ugen3118

17 күн бұрын

Thats war spending

@andreyromashchenko8967

15 күн бұрын

Budapest Memorandum that the US signed in 1994, obligates aid to Ukraine and guarantees integrity of Ukraines borders. Thats what’s up.

@dmacarthur5356

14 күн бұрын

@@andreyromashchenko8967 The 94 Budapest Memorandum is a political security assurance from the US/UK and not a legally binding security guarantee.

@keithpalmer4547

14 күн бұрын

We are not sending 40% of our annual budget to Ukraine clown show.

@andreyromashchenko8967

13 күн бұрын

@@dmacarthur5356 you are trying to make it sound not serious. Its about nuclear weapons, so it’s as serious as nuclear weapons.

When the U.S. debt reaches critical levels, several economic, political, and social consequences may arise: Increased Interest Payments: High debt levels lead to higher interest payments on the national debt, which can consume a larger portion of the federal budget, leaving less room for other spending priorities such as education, infrastructure, and defense. Rising Interest Rates: To attract buyers for U.S. Treasury securities, the government may need to offer higher interest rates, which can increase borrowing costs for businesses and consumers throughout the economy. Inflation: High debt levels may lead to inflation if the government resorts to printing money to finance the debt. Inflation can erode purchasing power and increase the cost of living. Reduced Confidence: If debt reaches critical levels, investors may lose confidence in the U.S. government's ability to manage its finances. This could result in a loss of demand for U.S. Treasury securities, leading to further increases in interest rates.

20 years is way more time than i thought we're good!

Nicely explained in simple words

Take away: feel scared? As long as the rain keeps coming from the sky, we will survive.

Nothing will happen just print more to cover the debts. Especially when you own the printing machine.

I'm really glad she used those small glasses to represent Expenditure. I always had a really hard time understanding it.

@JohnDoeTheTroll

18 күн бұрын

*Expenditure

@physics77guy

18 күн бұрын

the military spending jar was the same size as others, i think that was wrong, she could have used a much bigger jar to represent that

Reforming entitlements where 2/3 of the government’s spending is occurring are off limits.

I'm favoured, $60k every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.

@AngelaCaro-wi2qv

16 күн бұрын

Hello how do you make such weekly??I'm a born Christian and sometimes I feel so down 🤦 of myself because of low finance but I still believe in God.

@SergeantmajorPhilip

16 күн бұрын

Thanks to my co-worker(Alex) who suggested mrs Elizabeth Ann Graney

@SergeantmajorPhilip

16 күн бұрын

She's a licenced broker in the States 🇺🇸

@Marcelino457

16 күн бұрын

Wow! Kind of in shock you mentioned expert, elizabeth ann graney.What a coincidence!!!

@TrevonJames-kz6rc

16 күн бұрын

Elizabeth Ann has really set the standard for others to follow, we love her here in the UK as she has been really helpful and changed lots of life's

Critical Levels?!?!?!?!? We're already beyond that point...

@Rexvideowow

12 күн бұрын

LMAO no we aren't. Japan's is more than twice as bad at 261% of their GDP. This video is just here to scare people.

She never mentioned BRICS new multi polar financial system that could render the USD useless.

the only thing about our debt is the fact that over half of our debt is owed to ourselves.

@notastone4832

17 күн бұрын

problem is you cant afford to pay back the other half.. even if you pay yourself back first.

This video is out of date. The debt is now currently the highest in history..

Budgeting basics... Bring in, more than you put out, to create savings...with savings as a buffer against adversity, you never need to get into debt holes in the first place. Live within your means.

So basically I will have to pay for it thought gov printing more money (inflation) or through higher taxes

Here's what you can do directly to lower the debt. Stop voting Republican.

@hugostiglitz5798

18 күн бұрын

explain?

@Crocthunder

18 күн бұрын

I get what you mean , its neo cons and cons still very much like the George Bush era disaster

@jonathanthainguyen

18 күн бұрын

​@@hugostiglitz5798 1:13 - 1:44 The wars on terrorism (Republicans and neoliberals), 2008 financial crisis (Republicans and neoliberals), 2017 TCJA (Republicans), COVID-19 (Republicans bungled response which then necessitated spending to bail out the population).

@grimaffiliations3671

18 күн бұрын

you read the deficit myth by stephanie kelton?

What is critical levels? Japan has an incredibly high debt to GDP ratio and is being talked about as moving out of its stagnation and is also talking about dumping lots of money into its military because of the threat of China and N. Korea. The US is decades away from the debt Japan has, unless we have another really large tax cut making it incredibly easy for billionaires to become trillionaires. Oh wait, that's already happened. Well, it's not INCREDIBLY easy.

@wyw201

18 күн бұрын

Even without tax cuts, you can elevate debt through increase in spending

@grimaffiliations3671

18 күн бұрын

Yup, all these doomers need to read The Deficit Myth by stephanie Kelton or watch the new documentary Finding The Money

@wyw201

17 күн бұрын

@@grimaffiliations3671 What if a country runs deficit and the debt is held by external parties?

@grimaffiliations3671

17 күн бұрын

@@wyw201 As long as the debt is in your own currency, it doesn't matter whether its bought domestically or by external parties, you'll be fine

@wyw201

17 күн бұрын

@@grimaffiliations3671 To be clear, the amount of national debt doesn’t matter. You can issue debt from 0 to infinity as long as the debt is in local currency? This principle also applies to all countries in the world.

Debt is healthy, if its used to make income... 97% debt to equity is slightly high, should be closer to 75... but countries like china and japan borrow 500 and 300%

@sandponics

15 күн бұрын

Stop listening to the propaganda.

@Wildboy789789

15 күн бұрын

@sandponics what propaganda, all the propaganda says debt is bad lol, im the only one on this branch... theres a reason every country and corporation has debt, if I can have 1 store and no debt, or 2 stores and debt, u take the debt easy

though I feel like this video kinda misunderstood jars and blocks - it's meant to show proportions. Shoving a bunch of money into jars labelled interest on debt, military spending etc **gives no info as to how big each slice is**

Keep funding other countries with military aid lmao

@trader2137

18 күн бұрын

military aid is a drop in the sea of the US spending, and its necessary to keep the western alliance healthy, its better to send money now than your children to a war in 10 years... ignorant.

@trader2137

18 күн бұрын

better to send money than your children in 10 years... also most of the money stays within USA and gives thousands of job places....

What happens? They print banknotes, stupid.

@peekaboopeekaboo1165

18 күн бұрын

💲= fiat currency

@grimaffiliations3671

18 күн бұрын

@@peekaboopeekaboo1165 so?

@peekaboopeekaboo1165

18 күн бұрын

@@grimaffiliations3671 Facade

When? What do you mean by critical?

Scriptwriter and team should have a raise. Quality content. 🎉

Meanwhile US giving billions of dollars to Ukraine 😂

@JohnDoeTheTroll

18 күн бұрын

Yes, and foreign aid of ANY kind is taxation without representation!!!

@grimaffiliations3671

18 күн бұрын

@@JohnDoeTheTroll u elected the people voting for it

@JohnDoeTheTroll

18 күн бұрын

@@grimaffiliations3671 I'll be sure and not vote for those who allowed this then.

@grimaffiliations3671

17 күн бұрын

@@JohnDoeTheTroll allowed what? paying us defense contractors?

@JohnDoeTheTroll

17 күн бұрын

@@grimaffiliations3671 Is that where you really think that money goes? LOL

Answer: WW3😂

Why is it that some economist are not concerned about the debt? Warren Buffet also said the debt is nothing to worry about. So, who really understands are monetary system.?? . It would be nice if big corporations, and the Uber rich paid their share in taxes.

@JDesq

13 күн бұрын

The rest of the world will have to step in & help pay the debit off, they cant afford to let the $ collapse or it will drag them down with it ! (as long as they dont cotton on to the plan & diversify away from the dollar🤫ssh)

We never recovered from the Great Recession. Quantitative easing that started in 2008 went on until 2022 when the Federal Reserve started raising interest rates and shrinking its balance sheet. Sorry to tell you but we’re just starting to feel the effects of all the money created from debt.

The answer is very obvious from the video. Raise taxes.

@wmercer7234

18 күн бұрын

you're putting the cart before the horse. we have to cut spending first.

@tommysmallss

18 күн бұрын

Tax revenues are at record highs, and continue to be every year.

@jascrandom9855

18 күн бұрын

​@@wmercer7234You have to do them at the same time.

@jascrandom9855

18 күн бұрын

Not simply rising taxes, but also taxing and spending smarter.

@CurtisJanzen

18 күн бұрын

that is exactly the conclusion they WANT you to come to. not the solution that benefits the citizens the most.

A recession will cure this problem really quick! Only requires Biden to taken his hand off the money printer. 😂😂

@shortblackandmiserable

18 күн бұрын

Facts

@danielmanly4793

18 күн бұрын

The central banks are beyond POTUS and there are no printers since the 80's as institutions simply manifest "money" into existence.

@pritapp788

18 күн бұрын

Darn right. Trump and Biden have printed 8-10 TRILLION in stimulus since 2020. Fantastic!

@1cool

18 күн бұрын

i love it when a huge recession hits right when i start adulthood, ruining my entire life.

@grimaffiliations3671

18 күн бұрын

it's mathematically impossible to avoid recession if the govenrment balances it's budget, so balancing the budget is bad

It's still unclear to me why increased National Debt is really a problem. Seems like it should be, but if everyone is comfortable getting their Bond payments, does it ever really matter if everyone gets paid back?

@drjp4212

12 күн бұрын

Inflation. There's no calm expectation to see your money 5% per year while its purchasing power is 10% lower a year....

@Spinattitude

11 күн бұрын

​@drjp4212 okay yeah, that makes sense thanks!

U.S. Household Debt Is at an All-Time High The total household debt of $18 trillion April 2024 !!

Bitcoin fixes this

@hassanwaheed7952

18 күн бұрын

Uhuh

@spiritusinfinitus

18 күн бұрын

Especially since the Halving a few days ago, when the inflation rate of Bitcoin became around 0.8% which is now even lower than gold. Currencies like the USD can't possibly compete. What happens next is inevitable. Study Bitcoin.