IMF warns of U.S. debt crisis: Can the U.S. find a solution soon?

[@WillFred-g7g]

America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..

[@SarachiWowa]

Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. this year will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment?I can't afford my hard-earned 180k savings to turn to dust

[@Lubumbemusongo]

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

[@MaryWilliamson-h2o]

I'm pleased I found this conversation. If you're comfortable with it, could you share how I can get in touch with the advisor you rely on for your investments?

[@Lubumbemusongo]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Stacy Lynn Staples "for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@DeborahMunsaka]

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient

[@Riggsnic_co]

Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

[@Jamessmith-12]

Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment

[@JacquelinePerrira]

Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.

[@kevinmarten]

Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.

[@Jamessmith-12]

How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

[@kevinmarten]

Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@Darknova591]

US government: oh no our Debt is rising what do we do!? US citizen: pay it up US government: no way let's fund more wars.

[@andrewchong2616]

Print more money 😂😂😂

[@ferry602]

Let's print more toilet paper like we doing for years😂😂

[@covertpuppytwo3857]

IMF Warning on China's debt... but you won't read about it on China's media.. Chinese Government: Oh no, our debt isn't rising besides America is worse Chinese citizens: It's getting more difficult to migrate to the US because the border is already filled with Chinese nationals. Chinese government: no way, we need to continue spending more money on oppressing and surveilling our people because that's the greatest threat to China.

[@DreamWave69]

US government: oh no our Debt is rising what do we do!? US citizen: pay it up US government: We just head to other countries and ROB them

[@muselo7040]

Sup US will support more war to fund pay for the debt.

[@brianliew5901]

There're not enough wars to support the US economy. 😂😂😂😂

[@angelalim0502]

And China is a huge market, so China don’t fall into their trap to invade Taiwan. Peace will defeat the USA.

[@michaelloong964]

@brianliew5901 create more wars which make money

[@teckmenglee8060]

These will be renamed as US DEMOCRATIC WARS?

[@andrewlin6136]

@@brianliew5901 now it'll be US own civil wars

[@richardliu7499]

So they create one. OK!!!!!!! SLANDER!!!!!!!!! hahahahaha!!!!!!

[@AndersonNoah-o6l]

The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenback. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag...

[@Harris_j1]

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 a million dollars.

[@MikeCasey-z5m]

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 a million dollars.

[@campelm]

impressive gains! how can I get your advisor please, if you don’t mind me asking? I could really use a help as of now

[@MikeCasey-z5m]

My fiduciary is Jessica Lee Horst. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@Alex_will12]

Thanks a lot for this recommendation. I just looked her up, and I have sent her an email. I hope she gets back to me soon

[@rameshgill1444]

Mrs. Rhadika , i for one salute you , Madame .

[@ongsengfook]

Debt in US dollars. So they will print more. That's why other countries should use own currencies to trade.

[@Jonathan-y9b8m]

That's why they're mad at BRICS

[@Souchirouu]

Printing more will only make the problem worse for them but they have no choice at this point even though the end result will be the same. Major change will need to happen to the US economy and its governments policies. Which will happen / is happening already as every day life of every day Americans continues to look more and more like that of a third world economy. This is why Trump continues to be such an influential force in the US and will continue to be regardless of which the rich people choose to be their representatives next "election".

[@henrygustav7948]

Other countries like Japan have debt in Japanese Yen, and zero issues.

[@Jonathan-y9b8m]

It's only worth what we think it is in reality it's worth nothing really 😂😂

[@sutikareoluwagbenga1272]

That's exactly what they are doing ....

[@ronaldmiller3619]

2 billion a day in more debt. This is unreal. 3 months equals 1 trillion Our country is decaying

[@derekgriffith4324]

Kamala is going to get right on it day one. Lol

[@kenlim4204]

When you have bad intentions to destroy other countries you have to face the consequences.

[@fffuu4444]

@@kenlim4204 Kaarmaa?

[@fsaldan1]

Russia is evidence of that.

[@reneestevez7193]

​@@fsaldan1 Actually sanctions didn't work against Russia's economic prowless amid the war in Ukranya.

[@danhtran6401]

If US wanted a country dead, they'll be dead a long time ago ... 😂

[@ChrisHereToday]

True

[@ongsengfook]

Creditors will suffer. They will print money to repay creditors. Value will be worthless.

[@TienLam-t6b]

Well..Toilet🚻🚽papers 🧻will surely be more expensive due to inflation 😂😅..

[@henrygustav7948]

Where do you think creditors got their US dollars from? The Fed govt printed dollars, spent them buying private sectors labor and resources THEN the Govt "borrowed" the money. So its not even borrowing at all. They have been doing this for a hundred years. Dollar still has value.

[@nemojedermann2845]

​@@henrygustav7948 Well that's all explained then!😊

[@henrygustav7948]

@@nemojedermann2845 Yup, the US Federal govt is not dependent on creditors. The private sector never bails out the Federal govt, the Fed govt however is the one that bails out the private sector. Fed govt bailed out economy in 2008,then with covid stimulus. This is because the Fed govt has unlimited financial power, the power to print money. "Creditors" have bank accounts at the Federal reserve called securities accounts and reserve accounts the same way we regular people have savings and checking accounts at commercial banks. To pay off a creditor, a savings account at the Fed gets debited and a checking account gets credited with principal and interest. Voila! Paid back!

[@jin_asap]

​@@henrygustav7948they sell govt bonds. What do u mean it's not borrowing.

[@ChloeCarter-kd7gz]

It's quite concerning to see the various challenges our economy is facing right now, from uncertainties to housing issues, bad weather conditions, foreclosures, global fluctuations, and the aftermath of the pandemic, all contributing to instability. The rising inflation, slow growth, and trade disruptions definitely require immediate attention from all sectors to bring back stability and promote growth. How do you think these issues ca

[@EricaWaters-lr6zw]

It's a bit unsettling to see the US dollar losing value due to inflation while other currencies are gaining momentum, creating a sense of uncertainty. Despite this, there's still a level of trust in the perceived safety of the dollar. I understand your concern about your $420,000 retirement savings potentially losing value. Exploring alternative options for securing your money sounds like a wise move. Have you considered any specific alternatives or strategies to safeguard your retirement savings?

[@LeahLewis-ny9iu]

With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.

[@OliverLiam-px3vx]

This is definitely considerable! Do you think you could suggest any professionals or advisors I can get on the phone with? I'm in dire need of proper portfolio allocation.

[@LeahLewis-ny9iu]

Just research the name Desiree Ruth Hoffman. You’d find necessary details to work with a correspondence to set up an appointment.

[@OliverLiam-px3vx]

I'm grateful for your help. After looking up her name online and checking out her credentials, I must say, I'm really impressed. I reached out to her because I could really use all the help I can get. We've set up a call for further discussion.

[@eymeeraosaka2954]

I must say, Radhika Desai analysis is the most realistic. As for the rest, they are just apologists, not even willing to admit there is a debt crisis.....

[@henrygustav7948]

This preposterous. There is no debt crisis with US Fed govt debt. There is a private debt crisis with student loan debt, mortgage debt, credit card debt and so on.

[@jin_asap]

Wrong. The federal gov has a huge budget deficits, rising interest payments, and gigantic unfunded liabilities. It is "ok" until it is not.

[@RoyVickers-s8d]

It still has to be paid back! The interest is going up all the time. People have no money and no jobs. Thousands are living on the street and on drugs. People with mental problems because they cannot cope any longer. The people in America are responsible for the problem. So how about taking responsibility for it and do something about it!!!! You have adults there? Start acting like adults! And don't ask, what do we doooo? Think!

[@donnakatic1627]

Why are debts real ? What makes them real ?

[@jin_asap]

@@donnakatic1627 if you owe someone, you gotta pay them back. If you default, the capital market will not trust you. The cost of borrowing will spike

[@DreamweaverShade-h9p]

I am 27 and i just started my ROTH IRA and deposited the max for 2024! I feel stupid for how long it took to get my life straight. The problem here is, what is the best way to invest the money to grow for retirement?

[@MakeamericaGreatagain-h7j]

I believe every Investor should start with ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.

[@Damncars456]

You don't need to find the next NVDA to succeed in investing. Just choose top-notch ETFs and partner with a financial advisor like I did. I turned $90k into $53,000 in annual dividends-a significant milestone for me today.

[@Tsunaniis-j5l]

Impressive! I admit I'm scared about retirement as I turn 60 on my next birthday. I need to ensure I have enough money to survive on. How can I consult your advisor? My retirement account isn't performing well.

[@Damncars456]

Melissa Elise Robinson is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

[@MARSHMALLOWwhimsy]

Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

[@prabhatrajdahal6333]

Radhika desai hits the nail on its head!

[@Q_QQ_Q]

DEI in cgtn 😂

[@henrygustav7948]

Radhika Desai got hit in the head and doesn't know what she is talking about.

[@thetruthandnobs]

35Tr is only the VISIBLE PUBLIC Debt...you Must also recognise the UNFUNDED LIABILITIES which totals Over 200Tr !!! It is mathematically UNrepayable....as MANY already know. Total revenue is less than total liabilities. Much less. They can't make up the deficit. The economy is done. Crash is coming by end of 2024. 2025 is most definitely a DOWN YEAR. Very.

[@henrygustav7948]

HaAHHa Unfunded liabilities are paid literally EVERY SINGLE YEAR. Look at US Daily Treasury statement for all Fiscal years 4th quarter Sept 30th, Table 3a where it says total redemptions. Paid off EVERY SINGLE YEAR without any fuss. You are comically wrong.

[@Phuckitall]

Yep! mazing how that's always swept under the rug.

[@ChrisHereToday]

Great comment

[@olivermoneylaundering5238]

It is difficult for the United States to find a solid solution. Why? The US needs money to finance the Ukraine War and the Israel-Hamas War. To stop would mean a political downfall. Japan and China are selling their US treasury bonds. It becomes a disinvestment. Branches of US domestic banks are closing, and shopping malls, retail, and chain stores are closing. That impacted the US economy. BRICS members refused to trade in US dollars. The national debt is too high. Taxes alone could not help. The logical solution is for the US to stop financing those wars and appeal to all American citizens to buy the US treasury bonds. The US central banks' balance sheet has too many useless bonds. The mentality of US politicians must change to suit the 21st century.

[@HenryHoe]

Politicians will benefit more by getting themselves into more wars. It is the people who suffers not the politicians. That's why only the truly patriotic politicians are the ones not trying to get US into more wars, like trump, Vivek etc. It's crazy that not getting into a war is a badge of honor for a US president today.

[@larsnystrom6698]

The Wars the US are getting into won't be as profitable as they used to be. The robber days are gone! But, of course, it will take some doing to make the politicians understand the difference. The current decline should indicate something, but I doubt they see the relation.

[@henrygustav7948]

There is no issue with the National debt. The US Federal govt never needs to find the money for anything. If Japan and China get rid of their US Treasury bonds then someone else has to buy them. Taxes are not used to pay off the National debt. Everything you believe about Govt finances is wrong and has been a psyop. The US Govt has no need to sell US Treasury bonds and can always spend on, what ever is physically possible. They have an infinite ability to spend US dollars.

[@boydr7160]

Funny how the DEFAULT position is NEVER. Tax the RICH Propaganda is working well.

[@martee888]

Yes, not entering wars should always be a normal default position, for every president. If only the NED would stop their regime change operations.

[@andrewlin6136]

Congrats US for crossing 35 trillions 👍👍👍

[@boydr7160]

Thank you Next time you see the Repubs talking about Tax Cuts for the RICH ask your self "How are we going to pay for that?"

[@andrewlin6136]

@@boydr7160 I'll pay nuts

[@henrygustav7948]

More debt please, I would like to be financially wealthier.

[@andrewlin6136]

@@henrygustav7948 no worry, it's growing every month 🤪😁

[@julyseven808]

Thank you. lol

[@tschoong3897]

Following the above discussion, it is time to set up and implement measures to mitigate the effects of a US dollar devaluation or collapse. Countries should start to trade in their own currencies with each other and drop out their dollar reserves in an orderly manner.

[@rogeroeyen]

Any economist who claims that the debt doesn't matter, should be fired on the spot, because he obviously has no understanding of economics and even less of human behavior. Bankruptcies usually happen overnight, after a long period of denial that there is a real problem. Comparing Japan with the US is ludicrous. The vast majority of the Japanese debt is held by the Japanese population, which has little other choice than to keep using the Yen, while the bulk of US debt is held by foreign entities which can easily change their position. Nobody knows how much debt is critical and it's not the value of this debt which is problematic, but how the people holding this debt perceive the safety of the situation. All it takes is that the users of the dollar lose their trust in the currency to start a collapse and the fact that already 80 countries are no longer trading in dollars is a sign that we're fairly close to that point. Fact that the USD is still the main world reserve currency has surely prolonged the process, but there is no doubt that once the dollar loses it's world reserve currency status, the jig is up. The bond market is very important in this story, but is not the main concern. Even if China would sell all it's USD holdings, the Fed would most probably be able avert a crisis by printing more money. There is not that much difference between 35 and 36 trillion (although a trillion is a number very few people understand it's magnitude). It's the derivative market, multiple times the value of the bond market, with no collateral whatsoever to support this market, which will eventually break the camel's back. It doesn't take much to light the fuse under this time bomb. This market is mainly funny money, and the 2008 crisis clearly demonstrated the effects of a single bank running into problems. With Lehman it was their derivative position on the silver market which ignited the crisis, but there is a whole lot of other derivatives, which could lead to the complete collapse of the western financial system. The causes of the 2008 crisis have never been addressed, but were rather papered over by the Federal Reserve with trillions of dollars and the problem has become exponentially worse than in 2008. Once the sell-off starts, it will snowball into a crisis the likes the US (and the rest of the western world) has never experienced.

[@henrygustav7948]

If you were an economist you should be fired on the spot. Sovereign Fiat currencies with floating exchange rates are not accepted in exchange for goods and services because of trust. They are accepted because of a Nations ability to tax in that specific currency. The US Federal govt can never go bankrupt, can never, EVER run out of USD's. There is no amount of debt that is "critical", THAT is why there is no one who knows what amount is critical lmao. If 80 countries stop trading in dollars, then what do you suppose they do with the dollars they already have?

[@rogeroeyen]

@@henrygustav7948 I'm not an economist, but I was a manager for a US based fortune 500 company for more than 30 years and have a pretty good understanding of economics. In your reply you just contradicted yourself by stating that the acceptability of a currency is merely based on trust. If that trust is lost, it also loses it's position as a currency of choice. Your claim that there is no amount of debt which is critical and that the US can never go bankrupt is ludicrous. A currency is just as anything else subject to the market principles like supply and demand. US interest payments on its debt has already surpassed its spending on the military, while most of this debt is issued at rates which are close to zero. If they need to refinance this debt at the historical average rate, the interest payments will easily surpass 2 trillion (currently 918 billion) and if we would return to a situation of the 70's it would even surpass the TOTAL US federal tax revenue by more than a trillion/year. Do you really expect other nations to trust the currency of a nation which needs to spend more on the interest payments of their debt than its tax revenue's? The US can surely keep printing dollars, but the question is what is going to happen with its value and who's going to finance the US deficit if it's no longer accepted in global trade. The US can just as easily go bankrupt as any other country and actually did already default on its debt obligations several times in the past. I would not even be surprised if this was the objective of the US to resolve it's debt problem. The question here is who's going to hold the bag. One thing is certain, the average American will be the biggest loser. The 80 countries is not something that is coming from me, but from one of the guests in this video. I can only guess what they replaced the dollar with, but I guess it's by currencies of their trading partners, the Euro and maybe gold (which remains the only currency without counter-party risk).

[@tamdang8346]

@@henrygustav7948 Relax the USD is getting devaluated as we are talking right now. No amount of debt is critical yet IMF warns them about probability of catastrophe.... I guess you are a much better economist then LEL

[@yu-jd5jg]

The Fed printing more US$ will never solve the US debt problem, but it will only worsen it. Perhaps a very painful reset if the US in general will live within its means and mind its own business in the rest of the world

[@RealROI]

That will never happen

[@henrygustav7948]

The US Govt spends one way and one way only. By crediting bank accounts. There is no US Govt debt problem lol.

[@luxboss2388]

They will print to crash the dollar for the cbdc

[@SarahSmith-vt3oc]

my understanding is when Fed lowers interest rate, like guillotine falling . . create MORE easy debt to bail out current morbid debt load

[@yu-jd5jg]

@@SarahSmith-vt3oc That will result in inflation leading to hyperinflation especially when the BRICS+ countries are actively systematically urgently De-dollarizing and all the US$ held in foreign central banks will flow back to the USA

[@PVLTD]

Current President: The only solution to reduce debt is to pass it on to next President to figure it out. My current term is to spend as much as taxpayers’ dollars to support proxy wars in order to retain hegemonic status. Next President: The only solution to reduce debt is to pass it on to next President to figure it out. My current term is to spend as much as taxpayers’ dollars to support proxy wars in order to retain hegemonic status.

[@boydr7160]

No one ever asked "How are we going to pay for that", when Trump cut taxes for the Rich.

[@danhtran6401]

Pretty sure you were sleeping when president Biden raised taxes for the rich...

[@billmichaels4941]

Long historical Addiction can not be fixed...

[@davidlim5]

Close down the 1000 Military Bases worldwide to save at least USD1 Trillion annually.. Simple. Right???

[@SarahSmith-vt3oc]

yeah! and stop the 10% to big guy and the 50% to Dem politician coffers!

[@deviselina2332]

Close down? That's their identity .

[@ChrisHereToday]

Sounds good to me

[@michaelloong964]

Japan debt cannot be compared wit the US debt. Japanese debt is to owe Japanese people whereas the US debt is to owe foreigners.

[@yellowsheeps]

US debt is not a problem because US debt is in US dollars and the USA can print as much US dollars as it needs to fund the debt as long as US dollar is reserve currency. US debt problem is a lie. If USA decides to default on it's debt at a later date (i.e. reset), what are the debt buyers going to do? Answer: nothing

[@brianliew5901]

​@@yellowsheepsIn that case, what can the dollar buy? Nothing! 🤑🤑🤑

You are wrong, US debt is mostly held by US as well. Not just as high percentage as Japan.

[@erickanter]

@@yellowsheeps What you fail to address is the cost of servicing the debt. Now it is taking a bigger share of the budget than the bloat warmonger military. At the current rate it will start crowding social security and Medicare. What will you do then.

[@covertpuppytwo3857]

China's debt can't be compared to that of Japan or the US. China's debt is almost 300% of China's GDP!!!! And let me educate you... almost 90% of America's debt is to Americans and American institutions, NOT owed to foreigners!

[@quoc28mytube]

How liberating these talks are! Non-bias, calm and “scientific” approach.

[@cwchay3086]

There is a solution that IMF already prescribed - austerity. Why is USA not following their own prescription which they used IMF to implement against nations such as Argentina and the world over. When these nations default later, those US vultures will stoop in the steal the distress assets at a fraction of its true value. They know that if they follow their own prescription, these US companies will go under and then sold at the fraction of their value. USA cannot permit that on their own US assets but other countries must go on austerity drive. They call this reform but in reality is confiscating assets of other foreign nations. How sick.

[@Souchirouu]

Turns out mostly investing in short term for profit schemes with no respect for people, community, culture and the land we live on doesn't work out so well in the long term. Who would have guessed!

[@SarahSmith-vt3oc]

we were brainwashed so many ways - Moon Landing, 9/11 demolition of white elephant embarassing behmouth, with zero asbestos abatement, and of course the INFAMOUS “BUY NOW, PAY LATER”. and later and later and later and NEVER ????

[@austinbar]

The economic crisis and downturn are all the signs of 2008 market crash 2.0, so my question is do I still save in the US dollar or is it okay to move all emergency and savings to precious metals?

[@rogerwheelers4322]

In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.

[@joshbarney114]

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.

[@FabioOdelega876]

I will like to ask, How did you achieve it? I been trying to stick with index funds. I feel this new interest rates hikes could crash this economy. I'm looking out for a better investing strategy, I have a lump sum that inflation is steady eating up.

[@joshbarney114]

Finding financial advisors like *Marisa Breton Dollard* who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@FabioOdelega876]

Thank you for this tip , I must say Marisa, appears to be quite knowledgeable. After coming across her webpage, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.

[@PositionM20]

The Roman empire 2.0

[@daksans6764]

American empire is falling way faster than any other empire

[@atanacioluna292]

Terrific program; balanced, well informed, and substantial. Thanks.

[@geraldwilliams6972]

I guess no need to try for a surplus. Debt is just so good.

[@henrygustav7948]

Nope, why would you? Why do you want to get rid of the dollars in your bank account?

[@TheFriend2u]

US been cutting off its financial tendons, making itself crippled for its own financial suicide. Ironic, that US incessantly kept making the same mistakes, and yet expecting a different result.

[@ChrisHereToday]

Good comment

[@dominionspan4174]

What solutions can the US come up with. It is stuffed and cannot be fixed. It will reach $40T in 3 years.

[@yu-jd5jg]

US's deficit is now a US$1T every 100 days

[@dominionspan4174]

@@yu-jd5jg my bad. my estimate is way too.conservative.

[@luoderrick6912]

Actually can. Wars is a way to earn money as some country had what they need. But not sure they will use on citizens welfare

[@henrygustav7948]

There is nothing to fix, no one on this panel understands Government finances or macroeconomics. A bunch of people not trained in economics talking about economics.

[@luxboss2388]

Last resort will be WW3 if the debt can’t be fixed which it can’t the dollar is being crashed on purpose for the cbdc!!

[@antpoo]

This was great discussion.

[@matsforsberg6287]

Solution: Let BRICS take over

[@you-to-beornot-to-be9629]

ok... and go from bad to worst.... 🤣🤣

[@sutikareoluwagbenga1272]

@@you-to-beornot-to-be9629 it's already worst ....

[@ryanwalters6184]

I C border war.

[@grayarcana]

Political leaders? Does America have political leaders?

[@SarahSmith-vt3oc]

aqgree - political harlequins

[@sutikareoluwagbenga1272]

America has paid off (by you know who) politicians that don't represent the American people anymore

[@ChrisHereToday]

No

[@HenryHoe]

If there was a solution, the debt would have be reducing decades ago.

[@ChrisHereToday]

So true

[@kortyEdna825]

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.

[@carssimplified2195]

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.

[@brucemichelle5689.]

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.

[@PatrickFitzgerald-cx6io]

How can I reach this person?

[@brucemichelle5689.]

‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.

[@PatrickFitzgerald-cx6io]

I checked Aileen up out of curiosity and i must say i am impressed by her Credentials. i emailed her already, waiting on her response.

[@raymondtay9442]

It is said that if you owe the bank $1000, you have a problem, but if you owe the bank several million dollars the bank has a problem. So the US owing $35T don't have a problem, but those who lent the US a lot of that money (like China, Japan and others) have a big problem on their hands.

[@brianliew5901]

The US doesn't have a problem as the onus is on the people. 🤑🤑🤑🤑🤑

[@henrygustav7948]

No one lent the US Govt that money. But lets say they did and go with your description. The people who lent the US that money, where did they get the USD's to lend the US Govt the money?

[@raymondtay9442]

@@henrygustav7948 suggest you look at a 3 minute KZbin video titled: Who does the US owe it's $35 Trillion debt? (National Debt Explained) for some basic idea of what we are talking about. Then perhaps you can go on to other similar videos to get a deeper understanding.

[@SarahSmith-vt3oc]

uh yeah, force them to foreclose and repossess the ASSETS! which means OUR assets - drain our bank accounts, take any property . . the creditor indeed is worried the assets may not have much value?

[@ChrisHereToday]

Here's the problem - US sanctions and tariffs against China backfired on the US Economy, costing America Billions and Billions.

[@graham_hodson1]

The bank crisis isn't over yet, and experienced individuals know credit crisis don't end quickly. Some find it amusing that some think it's resolved, but in reality, we're headed for a major economic downturn due to this credit contraction.

[@peterbedford2610]

The USD has to be further devalued. Prepare accordingly

[@ryanwalters6184]

Awesome will make america goods a lot more competitive.

[@michaelloong964]

The US government tells IMF not to worry as the US has the power to solve the problem as it has done for many years.

[@clintonlunn4357]

I've been hearing this for 40 years. Being early is being wrong. Fear sells.

[@mystic-mt4xm]

When the dedolarization comes into full play the US will just simply default 😂

[@SarahSmith-vt3oc]

& creditors seize assets

[@montoyamontoya579]

When does this thing collapse for good?

[@25bmax]

This warning had been going on for decades, nothing happened.

[@SarahSmith-vt3oc]

ergo: nothing will EVER happen? 1929 and previous depressions never will recurr. - we can TRUST media to give us a head’s up, right! HA!

[@louiserobinson9776]

Apart from Radhika Desai, the panel sounded very complacent about the US’s dire financial situation. To “inflate away” the federal debts is frankly delusional and irresponsible but very American. No US president can solve its debt problem, each will just kick the can down the road for someone else to clean up!

[@henrygustav7948]

There is no debt problem and "inflate away" is meaningless.

[@SarahSmith-vt3oc]

COMPLACENT! the Xanaxed relaxed state of mind

[@betty6676]

Ahhh... That's nice. Both governments promise lower taxes for corporations and I think they will keep that promise. What a beautiful country the US is.

[@ElizabethMoore-k2h]

In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.

[@geraldhoward6351]

If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.

[@Foster_a12]

You are completely right, Advisors have information and paths that are not disclosed to the public..I profited $560k in 2023 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not..I am going to sit back and observe how this all plays out.

[@williamsscott3303]

This is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.

[@Foster_a12]

My CFA “Jessica Lee Horst” a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..

[@Taylor_m16]

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

[@troyb.4101]

PRINT MORE MONEY SPEND MORE MONEY PRINT MORE MONEY SPEND MORE MONEY. Pay back never!

[@johngoy4130]

I watched it yesterday and I have to watch it today because they used to threat us African states by having only billions of debts but now they are trying to defend it like no problem 😂

[@yeaplye9080]

The very last time such financial scenario took place, WWII happened 😢😢😢

[@iamkevinyeoh]

The main question is... Does US wants to find a solution and willing to work on it?

[@CarlRoberts-h2v]

This is what america democratic democracy Ideology did for the country ❤❤❤❤

[@RLModerndayJoseph]

Apologist for the US dollar might as well be saying to 90% of the worlds population there's no alternative for them to financial enslavement and they should not be fighting to set themselves free, eventhough they have the ability to do so.

[@tomsunuwar6940]

USA 🇺🇸debt crisis erupted by themselves 😬

[@rayashley7587]

@@tomsunuwar6940 What? 😲😳🤔

[@tomsunuwar6940]

@@rayashley7587 isn’t it bitter truth Lol 😂

[@rayashley7587]

@@tomsunuwar6940 Do you have any options to settle the debt?

[@clintonlunn4357]

Most of the world wants dollars. Still a massive demand.

[@DaleBouwman]

The dollar is devalued due to it being backed by nothing. The more you print, the lower the value is and the more of it you need to maintain your "lifestyle"

[@kdzmatrrmat8068]

Radhika Desai is on point!!!!

[@ChrisHereToday]

Here's the problem - US sanctions and tariffs against China backfired on the US Economy, costing America Billions and Billions.

[@mudshovel289]

Uh no, this is a government spending problem.

[@turgutnoyan2270]

Buy gold for protection as central banks do.

[@tldacosta485]

Can governments confiscate their citizen’s gold?

[@Surfer-727]

@@tldacosta485 Yes

[@tldacosta485]

Dear Kathleen, the US system did not break with Citizens. It broke with the New Deal when the Federal government abandoned the Doctrine of Enumerated Powers. For those not familiar with this doctrine look at the US Constitutiin.

[@andreastano7920]

Maybe one of the solutions is to diversify the use of currency, at least lessen the risk too deep.

[@alphaomega1351]

I'm gonna pay it off as soon as I get my 2024 tax refund. 😳

[@SarahSmith-vt3oc]

last admin created generous child tax credit so you could keep control of your kids, next admin will reduce/elim the credit but create free gov’t schools where if you DON”T abort, you can give them your kids for proper indoctrination.

[@aleaiactaest8354]

truly outstanding panel. Very interesting discussion.

[@adiningradz8738]

US government will not pay their debt, also will not pay the interest, just need to issue more debt n press other countries to buy it

[@robcyr839]

What's the problem? Everyone in the US just has to cough up 250k and the problem is fixed....geez.

[@SarahSmith-vt3oc]

they’re all giddy cuz she said “tell it to my face”. no tell it to her hand!

[@jonathandowning9733]

Debt is money the system is designed to be debt. The only thing that will crash the system is is paying it off

[@CesarNostradamus-wj9uq]

The copies of gold and silver inflated, which after the theft were thrown into the lake, at the discovery that all is exhausted and dissipated by the debt. All scrips and bonds will be wiped out. -Nostradamus

[@UQRXD]

Get GOLD it is always worth more.

[@biomechanique6874]

Armageddon...

[@harism2001]

Get out of the junk stock market. Gold gold gold. Last chance

[@VChong1991]

Remember this fact folks. If americans think gold isnt worth anything, why do they still have gold in their banks. 😂

[@ryanwalters6184]

Good luck eating gold. I'd rather have something useful. Even copper makes more sense than gold. Gold is TAXed in the USA so you have to have money to even sell.

[@fredk9999]

To “find” a solution, they first have to “look” for one. There is no will in Congress

[@azizdridah9467]

It's has become obvious now to all that a point of no return has long been reached. We're now expecting the precipating crash anytime soon. So long for an evil system that has cheated its own people along with the rest of the world No tears shedding to be expected!

[@canismajoris3910]

Good episode, been a while since CGTN came out with a good one.

[@stephenyang2844]

US debt and the dollar will gradually degrade relative to other currencies as the growing debt load acts as an ever heavier brake on its economy; as day of recogning draws closer.

[@genelarson6849]

To do the right thing and attack the debt would cause such pain that the politicians who implement these policies would have a snow balls chance in hell of getting reelected

[@seantewillis]

"No." Thank you, thank you. No need to clap. Please sit down. You're welcome.

[@herocorona]

to these panelists, you mentioned reason for debt & you point out to COVID19 payment to individuals - why are you not pointing to the military spending? It’s a Welfare check of billions to Lockheed-Martin

[@adamtedder1012]

Or the payouts to banks and corporations.

[@JerroldMugatu]

First, make interest tax free on USTs. Then at a later date, allow bigger tax credit like 2X-3X of interest received. In this way all Americans will want to own USTs.

[@Truthisnow101]

They talk about rising taxes how come the government become more efficient?

[@pgtan8819]

For a start, US polticians shld consider closing all US oversea military bases, then reduce the size of the military and raise taxes for the well to do and rich corporations .. .. .. etc

[@snowballeffect7812]

This will never happen, but they can easily bring a lot of contractor gouging in line.

[@cenationofjnu]

It's not just USA. Many countries are under debt. I am from India and the debt after 2014 increased three times. A big chunk of budget is going towards in just paying the interests of debt, thanks to the sheer incompetence of Modi.

[@WilliamStephenson-ij3jh]

Good

[@dannychua763]

USA should change the present president asap, snap election in order to stop the war and save some usa citizens tax money and divert these money to food security ... DC68 TAKDANG TULDOK

[@SarahSmith-vt3oc]

what president? ghost president? Soros? who is running the US now today this summer rest of this year?

[@terrystraker2459]

All praise to Almighty God amen.

[@CattleFarmer667]

35T debt isnt a crisis. 70T is. Less see how fast US break the record

[@larsnystrom6698]

The US debt increases with $1T each 100 days, that's about 9% a year. Their GDP probably grows a litte less than that 🙂 So, I guess that's not how they are going to do it. It seems impossible for them to stop their deficit spending, so that's not how they are going to do it. A default is an option, but they can always pay the debt in USD, since they have the "printing press". So they will most likely "print" their way out of it. I.e., the FED will buy their Treasuries. The value of the USD should fall, but the entire West is in bad shape, so maybe not relative to them. I guess the US will have rather high inflation for some time.

[@henrygustav7948]

More debt please! More Govt spending = GDP Growth. GDP = (G-T) + C + I + (X-M) Why would you want deficit spending to stop? Sure it should stop on interest payments, but in the absence of productive spending, deficit spending on interest payments is propping up the economy increasing GDP, lowering unemployment. The Fed buying Treasuries is not printing money. People don't understand the difference between Fiscal policy and monetary policy yeesh. Fiscal policy creates/prints money. Monetary policy ie Fed buying and selling UST's means dollars shift from securities accounts and reserve accounts at the Fed. Monetary policy does not result in "printing money". Only Fiscal policy adds net financial assets to the economy.

[@Surfer-727]

@@henrygustav7948 I am getting my Irish / U.S. dual citizenship, do you think I will be much safer in the EU ? I have a U.S. government pension and 1 million in the bank. I am 60 years old. I think I will put my money in Vanguard Total World EX U.S. I could buy a house in Europe, but taxes could sky rocket in one of those EU countries and I then could just leave to another EU country, though half as much inflation may hit the EU coming from the U.S.

[@ueihgnurt]

IMF: US you have massive debt. POTUS: *went sleep* VP: *went on honeymoon* citizen: *went to support person who open the border and use up all money*

[@ryanwalters6184]

Nailed it. Gold Star ⭐ 😂🤡

[@Martha-s7u]

Tell big pharma to pay the debt

[@Fawazedits8944yt]

Why world economy have to be effected ? just don't hold $ which is backed by nothing, Create a BRICS currency backed by 5 metals and 6 commodities, Sell all $ reserves and buy assets like mines companies etc. by 2030 US debt will be 50 T $, I don't get it how come the economists not able to understand what is happening ?

[@brianhong301]

When the demand for US treasuries fall, as it is now, the critical point is close and when unable to sell all put up for auction, the critical point is reached. Critical point has technically arrived when one uses new debts to pay ongoing interest as such just unsustainable. IF US prints more USD to pay, inflation goes up, if interest then put up, the economy WILL SHRINK.

[@biometal770]

For my brothers in the U.S., invest in assets (e.g. housing, land). When the debt gets further out of control and dollars become worthless, only hard assets will have value. Remember that.

[@fsaldan1]

Mrs. Tyson head and shoulders above the others. I expected more from an LSE professor, he did not bring much to the table. Mrs. Tyson talked about fiscal dominance, a subject that is taboo in mainstream economics. Kudos to her for that. But no one talked about another forbidden topic: financial repression. Which, simplifying a bit, means negative real interest rates on Treasury securities. That is how the post-WWII high debt/GDP in the US and the UK was dealt with. So the Fed needs to cut rates even when inflation is high. But it cannot do that without destroying its reputation. How is this conundrum going to be resolved? By crises like the one that crushed SVB and other banks. In such a crisis the Fed will be able to cut rates even as inflation remains high, and say that is the right thing to do, because otherwise the system will collapse. On another topic, despite the relatively high level of the video, at least 3/4 of the comments are appallingly idiotic.

[@Pazzi-y3k]

Kathleen is exceptionally observant

[@highthereguys]

Guys the currency is the debt. Paying off the debt would destroy all the currency. Paying off the debt is impossible/will never happen because it would literally be worse than the greatergreatest depression thats never happened. You need growth and a tapering of the growth of the debt to improve relative debt levels.

[@henrygustav7948]

Alan Greenspan: “Central banks can issue currency, a non-interest-bearing claim on the government, effectively without limit. A government cannot become insolvent with respect to obligations in its own currency.” St. Louis Federal Reserve: “As the sole manufacturer of dollars, whose debt is denominated in dollars, the U.S. government can never become insolvent, i.e., unable to pay its bills. In this sense, the government is not dependent on credit markets to remain operational. "The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default" said Greenspan on NBC's Meet the Press "Alan Greenspan: "I wouldn't say the pay-as-you-go benefits are insecure in the sense that there is nothing to prevent the Federal Government from creating as much money as it wants and paying it to somebody." John F. Kennedy : "The deficit can be any size, the debt can be any size, provided they don't cause inflation. Everything else is just talk."

[@tamdang8346]

The last sentence makes sense cause as soon as the inflation went up any amount of money put into the economy will be just fuel to the flame..... printing money is not an issue but the problem lies in if you print money, inflation will go up, USD will be devaluated. A population with heavy credit likes USA will suffer, more people will live on credit if the inflation goes up, sooner or later when people recognize that it is unfixable they will down credit the USA. Look at US bond right now selling at higher interest and shorter duration to make up for the shortfalls. higher rate means riskier, but they have to raise the rate, and lower the duration cause if they dont noone will buy (too risky)

[@perseusrex614]

Great show. I learned alot from Kathleen, she is super bright.

[@mrjacaac2285]

the logically and the most accurate answer is NO. Deficit the most needed need is the most lost in the world.

[@user-ux9br2sg5b]

No worry print more money