Paul Tudor Jones: We are going to be broke really quickly unless we get serious about our spending

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Күн бұрын

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@mc1984sc
@mc1984sc 3 ай бұрын
Federal government is a big fat pig - stop spending, balance the budget
@TheSlimjim13579
@TheSlimjim13579 3 ай бұрын
Cry little boy, cry
@leagueplays2100
@leagueplays2100 3 ай бұрын
This is balancing the budget. Did you not watch the video? This is his idea for actually reducing the debt.
@matadopolis
@matadopolis 3 ай бұрын
Pass a balanced budget law, simple.
@stant7122
@stant7122 3 ай бұрын
Medicare/medicaid make up a quarter of federal spending. If we can have healthier adults, we would spend less on healthcare. Maybe we can all eat healthier and exercise and stop smoking.
@TheSlimjim13579
@TheSlimjim13579 3 ай бұрын
So is your wife, so who cares
@chiquita683
@chiquita683 3 ай бұрын
Raising taxes doesnt fix spending
@marksowick5278
@marksowick5278 3 ай бұрын
Agreed cutting spending fixes cutting spending. We need to choke off the private sector tap to the government.
@EthelbertCoyote
@EthelbertCoyote 3 ай бұрын
Fixing spending does not remove debt... or interest, we are taking about a math problem of how to eliminate debt, not to compare it's elements.
@THillick
@THillick 3 ай бұрын
Correct, it encourages spending. Of course, other than eliminating redundancies and jaiing the corrupt, very little seems to discourage congress and the WH from spending (Not their) money...
@84KtnM
@84KtnM 3 ай бұрын
How abt bring back manufactturing home and increase the number of people employed, keep tax rates unchanged, cut down on spending. Divest Assets if any to private players. Worst case scenario.. revalue the Dollar
@paulnyagini
@paulnyagini 3 ай бұрын
😂😂😂😂how about proposing negative interest rates.
@therottenrook
@therottenrook 3 ай бұрын
"Inflated away their debts" - most important thing he said. All roads lead to high inflation.
@lrm21
@lrm21 3 ай бұрын
No one in the federal government shoud get paid until the budget is balanced. If you are spending more than you make, you didn't actually earn an income.
@TheSlimjim13579
@TheSlimjim13579 3 ай бұрын
Low iq comment
@richiedubs1062
@richiedubs1062 3 ай бұрын
You have this exactly backwards. Public spending is private income. If you "balance" the budget you create an economic depression of the the private sector.
@LibertarianRF
@LibertarianRF 3 ай бұрын
Thats literally insane...Clinton's balanced it for a short time and there was no depression..
@AlBergstein
@AlBergstein 3 ай бұрын
balancing the budget is absolutely absurd. The budget is used in various ways to support downturns in the economy. If you were going to balance it it would create an economic crash, the likes of which we have never seen. Of course, trying to go after the military budget, which is our biggest wasteful non-economic thing we do, always brings out calls of treason.
@lrm21
@lrm21 21 күн бұрын
@richiedus1062 @AlBergstein, balancing the budget, or eliminating deficit will remove the "fake economy", if you are living in that economy it could be painful. Government deficit spending is out of control, and not supportive, in fact it has a negative effect of mal investment and crowding out of the private sector. which is the "REAL" economy. In the long run its economically destructive and leads to lower growth, and lower real wealth for the citizens. The use of GDP as some measure of economic health has been the biggest lie ever sold to citizens, all it has done is mask the governments theft.
@briteness
@briteness 3 ай бұрын
We're going to be broke really quickly? Aren't we broke now? When you owe $35,000,000,000,000, you're broke.
@stevemelton4388
@stevemelton4388 3 ай бұрын
Amen
@dscott351
@dscott351 3 ай бұрын
This country was broke far earlier than the 35 trillion-dollar mark. By the way, the USA is currently closer to 36 trillion than 35 trillion.
@bobbyboucher6316
@bobbyboucher6316 3 ай бұрын
Who do we owe it too ?
@MAchannel2024
@MAchannel2024 3 ай бұрын
@@bobbyboucher6316 The world. The only way we survive is because they buy our debt. Once they figure out the US is a Ponzi scheme and they stop buying, it's over.
@shabpnd481
@shabpnd481 3 ай бұрын
@@bobbyboucher6316 The pension fund and the institution many more bond holders
@williereynolds705
@williereynolds705 3 ай бұрын
We simply cannot afford this government its size and waste.
@zwatwashdc
@zwatwashdc 3 ай бұрын
And corruption
@method341
@method341 3 ай бұрын
Need trump go in and mow the weeds from the swamp
@leagueplays2100
@leagueplays2100 3 ай бұрын
so cut military budget in half? got it
@hobarttobor686
@hobarttobor686 3 ай бұрын
The USA can't tax its way out of this mess.... Spending has to be reduced...
@stevecox9699
@stevecox9699 3 ай бұрын
CUT SPENDING. 50% across the board
@MAchannel2024
@MAchannel2024 3 ай бұрын
if 50% across the board, how will the elderly in your family do when you tell them you will cut SS and Medicare by 50%? Honest question. That is the dilemma. Cut military spending, excellent idea. Stop funding genocide in Israel, excellent idea. Cut grandma's SS check, bad idea.
@roguetrader33
@roguetrader33 3 ай бұрын
Unrealistic and ridiculous go buy trumps bible
@freddyrodriguez4732
@freddyrodriguez4732 3 ай бұрын
YES Im with you comrade!!!! Raise taxes on the 200k and over, and cut all the spending yes. but do NOT cut disability or raise medicaid rates. those are sacred.
@freddyrodriguez4732
@freddyrodriguez4732 3 ай бұрын
@@MAchannel2024that doesnt have to be what he means (even if he meant that). If you take the overall budget , that entire number, then CUT IT IN HALF, preserving disability and social security and medicare and ACA as is- youd be able to cut military, foreign aid, corrupt dollars and all the administrative garbage in the fake social services that dont work in the U.S. INSTEAD.
@user-fx5sw4jy7hYz9Hzi
@user-fx5sw4jy7hYz9Hzi 3 ай бұрын
@@MAchannel2024 Why does your elderly in your family rely on Government?
@iGetTrades
@iGetTrades 3 ай бұрын
When has increasing taxes fixed anything other than congress' itch to wastefully spend taxpayer money in order to fulfill the wants and needs of those that put them in office???
@VonSteever
@VonSteever 3 ай бұрын
Jones is a billionaire. He is immune to everything he's proposing. 1. $35 trillion in debt means America is already broke. 2. WRONG: Raising taxes does not work. It's been proven, the higher the tax rate, the lower the tax receipts. Jones should know this. When you raise taxes on people, they will not pay if they need that money to live. Raise taxes on business and it slows hiring and economic growth when too large of a percentage of gross income is paid in taxes and other related employment expenses rather than spent on hiring employees and expansion. Jones should know this too. 3. Expenses must be cut at the federal and state levels. Redundant and unnecessary federal & state employees must be furloughed, federal programs must be cancelled or dramatically reduced, any non-national security related grants must be cancelled, and that includes cancelling hundreds of billions paid out to support millions of illegal aliens, NGO's must be defunded, Federal agencies must be closed, merged or take severe budgets cuts and reduction in their missions and staffing levels, that includes military, especially overseas wars, military personnel support, munitions, etc. US can't continue being the world police when doing so creates additional national debt and thus threatens US national security. After listening to his statements, it is plainly obvious Jones has an agenda that aligns more with the WEF than the citizens of America.
@aggelosvasilis7457
@aggelosvasilis7457 3 ай бұрын
US has all this benfenits that they have by being the police of the world. If you stop doing that ,people wont buy your bonds...
@theron2124
@theron2124 3 ай бұрын
I agree with all the points that you’ve made, except the last one about Paul and the WEF. I think he was mentioning the tax increases only as a means to keep up with the ballooning deficit and the interest payments. I think what he would prefer is what you have proposed above.
@leagueplays2100
@leagueplays2100 3 ай бұрын
Glad someone like you isn't making decisions lmao
@kevinnoah-i4o
@kevinnoah-i4o 3 ай бұрын
He's telling us the cure. A very painful treatment plan.
@louislong1514
@louislong1514 3 ай бұрын
Spend less on stupid things like subsidizing illegal immigration, funding wars, bureaucracy... and not raise tax on the PEOPLE!
@bg5215
@bg5215 3 ай бұрын
We do not have. an under-tax problem. We have an overspending problem. Why do liberals refuse to understand that tax cuts when combined with reduce spending result in economic growth that results in increased tax revenues to the government? Happened every time... JFK, Ronald Reagan, Bill Clinton, Trump.
@DaveBee120
@DaveBee120 3 ай бұрын
Yet Republicans governments almost always run higher deficits.
@leagueplays2100
@leagueplays2100 3 ай бұрын
there was no growth with trump. He increased the deficit... lol.
@ek6151
@ek6151 3 ай бұрын
@LimonataFallita And what about the Trump Tax Cuts?
@kevso1582
@kevso1582 3 ай бұрын
Bill Clinton ran a surplus. What a G. And not meaning big government by G.
@ak102986
@ak102986 3 ай бұрын
We have a tax problem. Has since the 90s. That line "results in increased tax revenues" is false. Reagan raised taxes.
@Bigfoot4sale
@Bigfoot4sale 3 ай бұрын
We are starting to tic off another trillion dollars in interest every hundred days. Broke left town a long time ago. I think we should be longing for the days when we were just broke.
@MeMe-hp3hl
@MeMe-hp3hl 3 ай бұрын
Woah check out his eye at 1:04, 1:54, 3:22. That's not a digital distortion. Every time we see his left-eye it's like that.
@timber-rider
@timber-rider 3 ай бұрын
It's the spending. 50% of our spending are transfer payments. Transfer Payments are spent on Social Security, Medicare, Medicaid, unemployment insurance, veterans benefits, and other forms of income assistance, meaning recipients typically use these funds to cover basic needs like healthcare, food, housing, and everyday living expenses, often contributing to local economies where they reside.
@ajheermans
@ajheermans 3 ай бұрын
Number one option - STOP PRINTING MONEY.... WE ARE BROKE.
@TheSlimjim13579
@TheSlimjim13579 3 ай бұрын
Your little brain couldn't fathom the consequences if we actually stopped. But, you are another low iq citizen who has zero knowledge on economics. Get back to your sad 9-5
@RobAllen28
@RobAllen28 3 ай бұрын
We work for years to earn £1million on our retirement while some people put thousands of dollars in bitcoin and they become millionaires
@michaelbenjamin2643
@michaelbenjamin2643 3 ай бұрын
I came here to learn how to trade after listening to this video I'm still confused, I'm a newbie and I'm open to ideas.
@RobAllen28
@RobAllen28 3 ай бұрын
Becoming a good trader takes time and patience. When I first got into trading I was liquidated twice and I lost my entire mortgage deposit. I could have given up. But I decided to learn how to tradei put it to practice. I'm glad I made that decision today.
@RobAllen28
@RobAllen28 3 ай бұрын
The process of trading can be complicated when you have limited knowledge. However with the right strategy and setup, you can be successful. That's the whole point of investing. I got into the market 10k and up to 76k in a short period of time. I was able to build a business from my returns
@RobAllen28
@RobAllen28 3 ай бұрын
Trading,,,,without any guilde is so risky you need a good Mentor like Charles Tyson strategy to guide your trades,,,,,
@michaelbenjamin2643
@michaelbenjamin2643 3 ай бұрын
Please how do I get in touch with Charles Tyson , i would love to trade with him
@Fried52
@Fried52 3 ай бұрын
The Ryan tax cuts. The Congressional Budget Office (CBO) estimated in 2018 that the 2017 law would cost $1.9 trillion over ten years. Together with the 2001 and 2003 tax cuts enacted under President Bush (most of which were made permanent in 2012), the law has severely eroded our country’s revenue base. Revenue as a share of GDP has fallen from about 19.5 percent in the years immediately preceding the Bush tax cuts to just 16.3 percent in the years immediately following the Trump tax cuts. Trump administration officials claimed their centerpiece corporate tax rate cut would “very conservatively” lead to a $4,000 boost in household income. Research shows that workers who earned less than $114,000 on average in 2016 saw “no change in earnings” from the corporate tax rate cut, while top executive salaries increased sharply. The best way to explain trickle down economics they pee on your back and tell you raining.
@samocndo1691
@samocndo1691 3 ай бұрын
Why not reduce spending. Why is the solution always to raise taxes
@aggelosvasilis7457
@aggelosvasilis7457 3 ай бұрын
Recession
@drewm217
@drewm217 3 ай бұрын
Massive job loss. You think taking a few trillion $ out of the economy won’t be a catastrophe?
@aggelosvasilis7457
@aggelosvasilis7457 3 ай бұрын
@@drewm217 If managed properly, no. Goverment can fund infrastructure projects,that can boost economy with this extra income. Check again the graph with the lowest debt/gdp ratio , look at the times where this ratio is at its lowest.
@stevecox9699
@stevecox9699 3 ай бұрын
@@aggelosvasilis7457 if that’s the case then why not spend all the money on infrastructure projects? Government projects are managed so well.
@drewm217
@drewm217 3 ай бұрын
@@aggelosvasilis7457 study the mid-late 1930s for an example of decreased govt spending after a few years of massive spending
@thearithung755
@thearithung755 3 ай бұрын
America must start to slow down the debt growth and then begin to start paying off the insane debt.
@ckchong8858
@ckchong8858 3 ай бұрын
You won't be broke if you have the money printer!
@chiquita683
@chiquita683 3 ай бұрын
$390 billion went to Ukraine, cut that
@brianoneal2547
@brianoneal2547 3 ай бұрын
Sir you must not know of the weimar Republic....
@ckchong8858
@ckchong8858 3 ай бұрын
@@brianoneal2547 This is the USA, too big to fail country. Too many countries depend on USA. Weimar Republic story doesn’t apply.
@brianoneal2547
@brianoneal2547 3 ай бұрын
@@ckchong8858 weimar Republic is a lesson from time, but I get it this is the same mentality the left has and many of the right, just print print print but it doesn't work that way, we are no longer the worlds reserve currency, China and Russia are soon to take that away completely and you think inflation is bad now......get your wheel barrel ready
@brianoneal2547
@brianoneal2547 3 ай бұрын
@@ckchong8858 the worlds reserve currency is no longer the dollar....this is the way the left thinks....print print print....tell me sir can you buy more goods and services today with 100k than you could 4 years ago? The answer is unequivocally NO
@laurel7474
@laurel7474 3 ай бұрын
Raising taxes only punishes the producers and doesn't fix spending. It also stifles growth.
@ireneduffy3014
@ireneduffy3014 3 ай бұрын
That is not true at all. Please look at the historical tax tables.
@laurel7474
@laurel7474 3 ай бұрын
@@ireneduffy3014 It absolutely is true. I don't give a fig about his contrived tax tables that ignore cause and effect. And don't assume I haven't looked at them.
@nickvin7447
@nickvin7447 3 ай бұрын
This is 100% accurate. Raising taxes without reigning in spending does absolutely nothing, it just makes government an even larger business than they already are.
@roguetrader33
@roguetrader33 3 ай бұрын
Get real
@DexterWilliams-qw1mx
@DexterWilliams-qw1mx 3 ай бұрын
notice, absolutely no cut in spending from this guy
@anthonyword6495
@anthonyword6495 3 ай бұрын
he mentioned it in the first part of the interview
@M3ta1
@M3ta1 3 ай бұрын
Nothing stops this train.
@joeytbonejoeytbone
@joeytbonejoeytbone 3 ай бұрын
3:28 "I'M LONG BITCOIN!" -PTJ. Don't be foolish, start stacking!
@Loadmaster-1970
@Loadmaster-1970 3 ай бұрын
Take the crack pipe of “spending” away from the Federal Government and everything else will fall in line
@missithompson6941
@missithompson6941 2 ай бұрын
Corporations need to pay more tax. At 25%, corporations would still NOT be paying their fair share.
@vitbing
@vitbing 3 ай бұрын
" Were gonna be broke really quickly " , they have been saying the deficit was going to break us for the last 50 years , I recall as a child this was always the talk !
@jeffreymarshall4572
@jeffreymarshall4572 3 ай бұрын
You’re right but here’s the kicker. If we would have dealt with it 50 years ago we wouldn’t be facing such a dire circumstance today. The fact that we’ve kicked the can down the road for 50 years is just going to made the collapse catastrophic.
@josemiguelmatos3452
@josemiguelmatos3452 3 ай бұрын
Well, it will be kicked 4 years further down the road, the markets will hold no matter who wins. Now, worry about the Elections in 2028, nobody will want the job.
@bearmarkettradeideas
@bearmarkettradeideas 2 ай бұрын
Exactly, 50 years of wreck-less monetary policy is the reason we are finally seeing the massive inflationary impact by a huge lagging effect. Now the chickens have come home to roost.
@jeffreymarshall4572
@jeffreymarshall4572 2 ай бұрын
@@vitbing Where households can only outspend their income for years, governments can do it for generations. I honestly don’t think we have long at the pace of today’s multi trillion annual deficits. We’ll see but it’s gonna be ugly once it finally happens.
@RickMcCargar
@RickMcCargar 3 ай бұрын
Allowing people rather than government to keep more of their money, is not a "spending problem".
@drewm217
@drewm217 3 ай бұрын
Thank you for speaking truth to power Paul
@Stockguy101
@Stockguy101 3 ай бұрын
Either way the debt will go up and our tax dollars will go to waste
@arnieus866
@arnieus866 3 ай бұрын
We have been broke for decades but we conned the world into letting us operate the printing press. No one lent the US $35 trillion worth of anything real.
@MKay-u7z
@MKay-u7z 3 ай бұрын
Oh please Paul! The ship sailed. We're Zimbabwe. Buy your beans, rice and toilet paper while you can still pay for it.
@borkerfieldfilms7053
@borkerfieldfilms7053 3 ай бұрын
...and bitcoin
@stevemar8027
@stevemar8027 3 ай бұрын
Yes, historically gov has corruptly inflated away the problem - doesn’t make it right and it winds up further impoverishing the very people that have the least. Billionaires will will be fine - everyone else loses. Massive spending cuts and short term major pain is needed. Inflating the problem away has also historically also lead to hyperinflation/fascism and communism. Paul left that part out….
@flinty2
@flinty2 3 ай бұрын
We have a serious lack of leadership in this country.
@robscottwilk
@robscottwilk 3 ай бұрын
News flash! We are already bankrupt We passed broke a long time ago
@zwatwashdc
@zwatwashdc 3 ай бұрын
Everyone over 200 grand? After all this flipping inflation? This has been the worst 4 years in history.
@TheSlimjim13579
@TheSlimjim13579 3 ай бұрын
Damn you're still that poor? Maybe get off KZbin and get your life together. Crying little weak man
@freedomlife3623
@freedomlife3623 2 ай бұрын
Read some recent economic book, it was only 40 years ago the interest rates were 10%~20%. So stop being dramatic, you are showing your ignorance.
@zwatwashdc
@zwatwashdc 2 ай бұрын
@ speaking of ignorance, you know the difference between taxation and inflation, right?
@charlesdidonato5478
@charlesdidonato5478 3 ай бұрын
Thanks Paul, but our politicians only care about themselves and their party staying in control. None of you suggestions will happen, unfortunately!
@Rileyromeo
@Rileyromeo 3 ай бұрын
Paul wants to raise taxes so we all have less money to spend. And then he wants to “inflate” our way out of the debt-so everything we buy requires more of our smaller income. True wisdom from a billionaire.
@maverick214
@maverick214 3 ай бұрын
I'd also reduce Defense spending. $800 billion per year is ridiculous.
@jbrockskill
@jbrockskill 3 ай бұрын
So... Our country is totally been mismanaged for so long.
@regularbob
@regularbob 3 ай бұрын
They gotta get rid of Sorkin…Or somebody in upper management needs to sit his butt down and teach him how to interview people👎😑🤦‍♂️
@AJTalbot99
@AJTalbot99 3 ай бұрын
Surely spending cuts are the way - you can’t have half the economy being government
@michaelcarroll8570
@michaelcarroll8570 3 ай бұрын
Make every department pass an audit or they have compounded cut in budget 10% annually. This starts day 1 in office and needs to have an official audit report submitted by August 15th. If DOD can’t pass an audit by that time, then its budget is cut 10%. You’ll see a robust amount of money showing up all the sudden. I’d also cap increases in spending at 1% annually for the next 10 years. The government needs to learn how to do what they do without more spending. Cut taxes for all brackets, cut taxes on business, and leverage tariffs on industry/countries that you won’t to bring back home.
@marcusmossuto
@marcusmossuto 3 ай бұрын
The problem with all these solutions is politicians will just increase spending proportionately as well in order to buy votes so you won’t solve the problem but will be worse off as government is now that much bigger.
@clydeallen738
@clydeallen738 3 ай бұрын
gee tax cuts must go but we can’t stop spending
@CentralScrewtinzer
@CentralScrewtinzer 3 ай бұрын
The problem with raising taxes is that it produces less revenue.
@Vix381
@Vix381 3 ай бұрын
You are absolutely correct! Haven’t these people heard of the Laffer curve, sheesh.
@leagueplays2100
@leagueplays2100 3 ай бұрын
No, the problem with raising them is the government still has to use the money better.
@PLASTICPIPE
@PLASTICPIPE 3 ай бұрын
Not forgiving over $175 billion in student load debt might have helped...
@uhnotinterested
@uhnotinterested 2 ай бұрын
bro whats with the interviewer eye?
@fkrr5
@fkrr5 3 ай бұрын
Maybe we shouldn't of given 600 Billon to Ukraine after all.
@TheSlimjim13579
@TheSlimjim13579 3 ай бұрын
80% was equipment which went back to US jobs making new materials. You aren't very bright are ya kid?
@leagueplays2100
@leagueplays2100 3 ай бұрын
^ of which defense contractors execs and ceos made a nice bonus :) Thats where your money is going. Straight to the rich, the usual with the US.
@fkrr5
@fkrr5 3 ай бұрын
@@TheSlimjim13579 War profiteering is disgusting.. And it's sick to think that's a good thing. Lord have mercy
@fkrr5
@fkrr5 3 ай бұрын
@@leagueplays2100 Exactly, that's why the rich elite's went all in on the war.
@TheSlimjim13579
@TheSlimjim13579 3 ай бұрын
@@fkrr5 You aren't very bright are ya lol
@zwatwashdc
@zwatwashdc 3 ай бұрын
How about we spend less on Ukraine and keep the tax cuts?
@TheSlimjim13579
@TheSlimjim13579 3 ай бұрын
You realize 80% of that was equipment right? Or are you too stupid to know that information
@leagueplays2100
@leagueplays2100 3 ай бұрын
How would the government fund the US industrial complex then?
@Archeops24
@Archeops24 3 ай бұрын
Government spending is the root cause of (the upcoming) inflation
@donovanstrong5224
@donovanstrong5224 3 ай бұрын
We have to address the spending deficit at some point. This is the only analyst I’ve seen speak on a potential solution for the deficit. It’s concerning that neither candidate has a plan to address the deficit issue.
@ak102986
@ak102986 3 ай бұрын
Raising taxes and fixing spending. Both are equally valid. I have heard cut spending all of my life.
@goma12x
@goma12x 3 ай бұрын
I agree with Tudor but at the same time we must cut spending or this is all a waste
@drewm217
@drewm217 2 ай бұрын
Does anyone know the website that PTJ is referring to where you can mess around with the govt spending and tax plans?
@stephendunton161
@stephendunton161 3 ай бұрын
The root cause of this problem is finding a politician who believes this is a problem and wants to take action. Until that happens this is all noise
@kenRBoyle
@kenRBoyle 3 ай бұрын
I fully support major spending cuts in our budget. Let's start with the military budget.
@Quantitative_Teasing
@Quantitative_Teasing 3 ай бұрын
The elephant in the room is social security
@xpkareem
@xpkareem 2 ай бұрын
Inflation ends up being a flat percentage rate tax that the Fed can crank up and down without congress. The inflation that started during covid till now essentially taxed every dollar about 20%. Where does the value of the that 20% go? It goes to people and other entities that owe money. It's a transfer of wealth from cash holders to everyone who is in debt- including the Federal government. Inflating your way out of debt works, but it's very inefficient and tends to make anyone who owes money and owns assets wealthier in the process- which tends to be people who already have a crapload of wealth.
@jejohnson104
@jejohnson104 3 ай бұрын
what a tiresome interviewer. let him speak.
@reichjef
@reichjef 2 ай бұрын
Deficit spending is good for the economy. It stimulates the economy and increases sovereign credit. It’s not a PNL sheet. The main check is the debt to GDP ratio, and the US is still lower than Japan. Japan has been redlining it since the 1980s and their economy is stable. It’s not booming, but that has to do with the middle income gap problem, not debt.
@Againstclownshows
@Againstclownshows 3 ай бұрын
Buy Gold, Silver, Bitcoin
@TheSlimjim13579
@TheSlimjim13579 3 ай бұрын
I'm good on all those until 2026.
@michaelc7302
@michaelc7302 3 ай бұрын
why cant Sorkin just shut his pie hole and let Paul talk? I hate these CNBC anchors.
@BlackSwansFine-co6cd
@BlackSwansFine-co6cd 3 ай бұрын
We are bankrupt beyond comprehension. The debt based monetary system requires that debt be created in perpetuity. Exponential growth of debt is the only way to keep the system running until debt spikes parabolically to infinity, and we are getting very close, perhaps around 2030 to 2033.
@americaisanoblecountry2427
@americaisanoblecountry2427 3 ай бұрын
We are already broke, have been for awhile now. HEELLLLOOOO
@rayarjomand6533
@rayarjomand6533 3 ай бұрын
You must also look at assets relative to debt. The financial position of the United States includes assets of at least $269 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP). If Debt rises more slowly than value of assets (value of stock market, real estate, etc...) then that is Good because Equity (asset-liability) rises.
@paulnyagini
@paulnyagini 3 ай бұрын
That is what I have been trying to say.
@hentaicrypto
@hentaicrypto 3 ай бұрын
doesn't matter nobody will be buying bonds
@hmcoolstuff
@hmcoolstuff 3 ай бұрын
Any US government program that has been in effect for over 1 year should be evaluated for performance, and IF the program has delivered on its intended goal or demonstrated progress. The program should continue to be funded. If no progress has been demonstrated or there has been bad spending habits identified. The program should be SHUTDOWN and money re-allocated to the next program or to existing successful programs.
@kevinnoah-i4o
@kevinnoah-i4o 3 ай бұрын
Trump is smarter than thus dude.
@raulmcgangbang6890
@raulmcgangbang6890 3 ай бұрын
we are broke yet we are rich
@derrickanderson9776
@derrickanderson9776 3 ай бұрын
Anyone know what website he's referring to around the 2 minute mark?
@lambchop21
@lambchop21 2 ай бұрын
This guy lives in my town🙌🏽🙏🏽
@flymatt1968
@flymatt1968 3 ай бұрын
I’m sorry…..i dont understand. If i have too much debt at home, and it keeps growing, my response is not go out and find another job and earn more money. I guess it could be but then I’m exhausted….no I think what i should do is cut spending. Oh yah, that old trick.
@EdgarAlsop
@EdgarAlsop 3 ай бұрын
Thanks for the analysis! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
@mikekorn6968
@mikekorn6968 3 ай бұрын
@ 3:31 hey Sorkin... ha ha ha ha ha
@goodneighborsnetwork
@goodneighborsnetwork 3 ай бұрын
Make Elon Musk the head of the Dept of Government Efficiency. You'll see how fast these problems get sorted out.
@IdanZ-x6y
@IdanZ-x6y 3 ай бұрын
We need to Start producing a lot of oil and sell it internationally. That will help a lot
@elcmu2637
@elcmu2637 3 ай бұрын
how can we be broke when we can print endless dollars
@LibertarianRF
@LibertarianRF 3 ай бұрын
What a sociopathic elite conman spokesman for the state... Like giving my broke drunk uncle more money would solve the problem
@eth1583
@eth1583 3 ай бұрын
Cut the government in half to start with.
@Sylverlee
@Sylverlee 3 ай бұрын
What is the website he referenced that allows you to do a scenario analysis
@keithwebster7118
@keithwebster7118 3 ай бұрын
I will make it easy for some of you to understand how bad our dept is. If we paid 1 billion each day to pay our debt.....it would take 35 thousand days or 100 years to just pay off our current debt.....this would not count what debt we incur as we are paying the current one off.
@paulnyagini
@paulnyagini 3 ай бұрын
😂😂😂😂😂 . When the smartest becomes the fool. Why will you want to pay of all of the dept when you clearly know that dept is peg with money. To make it easy for you. Money is dept . The only different money is fix but dept compounds . If dept was to be paid of no money would exist in the circulation. If the us government wants to rely reduce their debt they should just quote there interest rates below the inflation rate. Or they should just propose negative interest rates instead. If you do your math large percentage of dept is interest not the principal.
@snoopcow
@snoopcow 3 ай бұрын
This guy wants everyone to work until they go 6ft under 🤣
@brendansmith7842
@brendansmith7842 2 ай бұрын
Trump will never want them to expire. And people will scream to high heaven if payroll taxes increase. Number two would lose voters so fast. Only thing that works here is corporate tax...and it has unintented consequences
@whotoldyouboutme
@whotoldyouboutme 5 күн бұрын
hey your house is beautiful my names is Cayden and I promise I will have a house like this guy
@michaelmiele1177
@michaelmiele1177 3 ай бұрын
anyone know the website he references?
@wilee.coyote5298
@wilee.coyote5298 2 ай бұрын
Grow the economy to lessen debt. More employment = more income taxes, and SS taxes, and medicare taxes.
@peterdangelo5882
@peterdangelo5882 3 ай бұрын
The working people have to be taxed much more to fix this mess. No thanks
@SilverMonsterCoind
@SilverMonsterCoind 3 ай бұрын
IRS atutomated, Get rid of Dept of Education and move to state, Dept of transportation move to the state. Military put on Performance Based Logistics. Privatize prison at all levels. Privatize medicare. Stop taking the Social Security into the government and move the money into Gold and Bitcoin.
@JR-kp6wg
@JR-kp6wg 3 ай бұрын
How about the government stops spending money on stupid things?!?!?
@HenkSneev
@HenkSneev 3 ай бұрын
Tax hikes would only encourage more spending by congess. They've proven again and again that they will spend as much as possible, always. Interesting that nobody asks WHY medicare and medicaid take up half of the entire budget, and are continuously increasing way above GDP growth.
@jverderber
@jverderber 3 ай бұрын
So make the middle class poor. If you give the Gov more tax revenue they will just spend more!! Isn’t he suppose to be smart?
@chazzwestlv
@chazzwestlv 3 ай бұрын
This is WEAK and a defensive mindset….you don’t lower your standards - but lots of government incompetence and inefficiency, cut all the stupid spending and then you grow the economy- you expand your income- you go on the offensive
@bearpolo3618
@bearpolo3618 2 ай бұрын
One key assumption to inflate out of the debt is that the whole world are still willing to use the dollar. What if they don't?
@MrVito1180
@MrVito1180 3 ай бұрын
if trump wins; this guy should be our Treasury Secretary.
@gloriawitek6401
@gloriawitek6401 2 ай бұрын
Audit expenses ASAP. Then CUT asap. No wait, JUST CUT
@jonathanjones7751
@jonathanjones7751 3 ай бұрын
Spending is the problem. Discretionary spending needs to get gutted, defense spending needs to be slashed (cold day in hell before either candidate does that though). I like Trumps policies but his economic/fiscal policy makes zero sense. All the taxes he’s going to slash I did the math you’re going to need a 30% tariff across the board on every import to just get back to where you started. No amount of Oil will solve this problem. Kamala is no better though.
@markpatterson2764
@markpatterson2764 3 ай бұрын
Check his appearence from a year ago,dead against equity investment which has gone straght up,these guys were in the right place at the right time with funding and connections and all the breaks they are no smarter or better than average at calling markets
@josephstupar3372
@josephstupar3372 3 ай бұрын
Budget Line item veto would be a way to help, if we could get that back.
@tonivida9649
@tonivida9649 3 ай бұрын
They want the people to pay for their mistakes.
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