🚨US ECONOMY: $17.7 Trillion Consumer DEBT EXPLOSION, China Sanctions, Stagflation & Rising Inflation

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Disclamer:
The information provided on this channel should not be construed or relied on as professional advice for any specific fact or circumstance. This channel and its content are designed for entertainment and information purposes only. The content available is created to provide a general overview of a topic and is not a substitute for professional services. Always seek the advice of a finance or a legal professional that would take into account your specific circumstances. Opinions expressed are solely my own. Only publicly available information has been used.

[@lenapetrova]

Follow me on Substack - lenapetrova.substack.com/ & Rumble: rumble.com/c/LenaPetrova

[@mannyfragoza9652]

Rents have skyrocketed in my area in MA. Here is the headline; High rent costs are making it harder for the Fed to beat back inflation.

[@katong1953]

The problem is that US economic policy is steered by the geopolitical establishment, which economist Jeffrey Sachs called economic illiterates.

[@katong1953]

Janet Yellen, a trained economist, is the one person who could be the adult in the room when it comes to economic policy. However, she doesn't have the courage to face up to the econonic illiterates, and she takes orders from them.

[@davidjavids2431]

IF NOT FOR THE RESETS PRIOR ZERO PEOPLE WOULD BE FOLLOWING ANY RELIGONS. FEAR BASED ILLUSION PHONY NARRATIVES, 100% ORCHESTRATED, THE POISONING KEEPING YOUR FUNCTIONS OF PINEAL GLAND ABILITIES BLOCKED, RELIGIOUS SYSTEM ARE THE TRAP, ITS ALWAYS BEEN WITHIN , INSIDE OF EACH HUMAN BEING NOT A STRUCTURE CHURCH, SYNOGOGS, TEMPLES, MOSQUE ZERO

[@roberttoynton9781]

Sanctions, tariffs and wars, the only way the American government knows how to deal with issues… hopeless!!!

[@mymonster156]

Capitalism works until there is competition! The death rattle is now audible!

[@chrisyates8115]

More about deception of these real issues! Criminal corruption and narcitistic immoral mentality, bullies and thugs as is their police run states, no respect for humanity!

[@jacquelinemorgan2086]

Now it's backfiring

[@AmericanGlassInc]

It goes like this....Rome fell but the Roman Empire still lives aka The Vatican..... British still rule aka banking system United States... military industrial complex the muscle. I don't vote..just another distraction... just expect for what's coming and prepare.This all by design.

[@davidlim5]

Clueless Biden Admin. Destroyed a Nation & USD.

[@fredturner7787]

The perfect recipe for civil unrest.......when you have nothing you have nothing to lose

[@xxxy9928]

and a lot migrants they have nothing to lose ;)

[@jaylinn416]

As designed by Obama!

[@BlueDef811]

Or they say: When you have nothing to lose, you lose it.

[@numbersix8919]

In super-capitalism, everybody always has something to lose.

[@darrylholcomb9076]

Perfect storm forming. I'd suppose Biden regime economists keep their bags packed & Leer jets idling to make a quick getaway when the American economy crashes!

[@kimcissell1905]

Over 35 Trillion dollars of unsustainable debt. Depression. Economic collapse countdown.

[@jennyohara4011]

Over all Debt in U.S is 101 Trillion

[@happymelon7129]

Feeling sad for those who are already saddled with huge debts before they are even born.

[@jkmarshall3553]

And just like that, inflation in the US skyrockets!

[@bartsimpson8616]

HOW BEAUTYFULL IS THAT ?

[@John-zz5gt]

​@@bartsimpson8616 NO you Di int

[@jkmarshall3553]

@@SamSam-cg5mw Head's up: it takes a Q or 2 for these tariffs' effects (higher costs) to be seen in the data as they were just announced. And your "inflation falling" comment reflects 3.4%.... clearly not enough to suggest the Fed lowering rates.

[@Worldturnedupsidedown]

​@@SamSam-cg5mwyou believe that?

[@U.tube.lover.]

Amerezuela

[@mac9245]

When added to USA debt, now over 50 Trillion!

[@bartsimpson8616]

so ? their european vasals should pay their debt , also Japan and Australia together with canada , like strongest richest ''freest'' countries .

[@dinatodorova4593]

We are the champions!!!!

[@numbersix8919]

But this is literally nothing compared to imaginary US wealth, over 90% of which is in second and third order derivatives. If you have cash, hold it, it may become either very valuable or almost worthless.

[@Jeffrey-rq2gq]

If we include unfunded liabilities and market derivatives (both of which "we the people" are on the hook for), I've read figures up to 1.4 quadrillion. No joke.

[@numbersix8919]

@@Jeffrey-rq2gq Every morning the ruling class wake up and pinch themselves to see if they are still dreaming. They laugh hysterically with relief, giddy with euphoria to have made it to another day. Another day, they think, and cold fear washes over them, spikes of ice in their guts, and they head out for another day of playing pretend, seeking little distractions and acting as if everything is fine.

[@leonardives1991]

Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.

[@danialwiren2403]

I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!

[@keithkennedy2725]

Bingo…

[@jorjie8969]

Economics 101 ......duty passed on to consumers So smart USA 👏👏👏

[@Lee_303]

In America they encourage everyone to have greed. In the UK they rob the poor & give to the rich. Either way, the western capitalist economy is choking in the hands of extremely greedy politicians.

[@vicentvanmole]

Government income increase ,that's all they care most to enrich themselves !

[@justme6275]

wait, the orange man said China, China is paying the tariff so joey just following orange man, god bless america.

[@AnnelieseLabaja]

This is the redult of warmongering /sanctions policy of the corrupt US officuals

[@mkaberli614]

Otherwise known as 'politics as usual'. However, it is also the result of clueless and non-critical thinking voters

[@Pappaous]

Nah! War is always the result of failed economic cooperation.

[@Pappaous]

@@mkaberli614 absolutely. Clinton unleashed the cracken with repeal of glass-steagul. Obama sealed the fate with "yes we can". Now that the deck chairs are floatillas, social credit will be based on fashion rhetoric. The floatillas are the new battle ground and policies to mitigate are censored. Enjoy the show.

[@Pappaous]

@@mkaberli614 my concern is how southeast asians are so wrapped up in company propaganda. I thought they were smart!? The sun will rise again. This time, they won't stop until the Counsel of Rome targets are reached. To add to this human race entropy, the fewer ppl, the less agility... Meaning that Malthusian policies always result in self-fulfilling prophecy.

[@Nobody-iy6tm]

Your comment seems to be off target, when looking at the private debt. Americans have always been beyond circumstances and lived on credit. Americans are also quite good at shifting blame instead of reflection. The number of thumb ups to the comment is one of the American problems.

[@kamranahoora7670]

Days of dollar monopoly and hegemony are over !!! For years they bullying others with dollar and now they will fall so soon.

[@Jeffrey-rq2gq]

Yup, the "Petro Dollar" is on its last legs.

[@ApuCapu]

Isnt it funny how they disclose such informations literally a few days later when they tell you oh we had to sent another $10 Bilion dollars to Ukraine 🤣🤣🤣

[@bobmatson9568]

Even though this is all terrible news, I enjoy watching you delivering it. Thanks again for your due diligence .

[@hundrethnameofalli]

same here but for another reason

[@danbooher5843]

I enjoy just watching her.

[@larsnystrom6698]

"due diligence" doesn't mean what you think it does. But we understand your sentiment anyway!

[@bobmatson9568]

@@larsnystrom6698 It is matter of semantics my man . I've been involved in the securities business for over 50 years .

[@daveh5947]

Don't worry about it, it will get worse.

[@dnimon936]

so basically jerome powell said "bullshit, bullshit, bullshit, massive bullshit, disingenuous horseshit bullshit"............did i get that right?

[@myresponsesarelimited7895]

Pretty much nailed it mate.

[@Mk-oy9ns]

You can't handle the truth..............😂

[@TimothyMichaels]

Yes sir, 10 - 4, affirmative, rodger that.

[@edgarvonboltzmann7465]

Yes. 😂😂😂

[@wtf_usa5597]

That's pretty much what I heard too! I'm still amazed it's such a big deal and people hang on every word when he speaks. It's ALL BULLSH*T!!

[@BlueDef811]

What were the Rumsfelds and Cheneys of the world thinking when they invaded Afghanistan and Iraq to the tune of $8 Trillion? Now we have Rumsfeld and Cheney wannabes who want to continue on the same path and spend another $8 Trillion on Gaza, Ukraine and Taiwan. Can this kind of lifestyle be sustained as a country? Maybe I’m ignorant, but can someone please tell me where all that money came from?

[@antonywooster6783]

Of course it came from the work of working people. That is the only place it can come from. I mean, think about it. Everything of value is made by someone working. (Even finding things is work and robots were made by somebody.) Money does NOT make money, though it may enable you to get money off someone else. The other point of confusion is that money" and "value" are two different things, though often confused. For example, I have a frying pan, say, it is valueable to me as a tool to help me fry things. If the price of frying pans in the shops goes up or down, it does not affect the value of the frying pan to me. It is still, exactly as useful, as valuable, to me as it was before the monetary price changed. Money is "worth" what it will buy. The things and services it can buy are all made by people working. So money's worth, the value of money, depends on peoples' work. However tortuous, the route that the money and hence the value takes the sourece of the value of the money, is always the same: peoples' work. I hope that answers your question.

[@laowantongchau]

Not sure where the money comes from, but it will definitely go to the weapons manufacturers share holders.

[@AlanSanchez-ww9qb]

@@antonywooster6783 *"Of course it came from work of working people,"* yeah, exactly. Excellent post.

[@antonywooster6783]

@@AlanSanchez-ww9qb Thank you.

[@antonywooster6783]

@@laowantongchau Yes, some of it will and some of it will go to congress - critters who vote the "right" way and some will go to the lobbyist industry who tell the c - cs how to vote, some will go to the employees and managers/executives of the weapons manufacturers and some will go to the MSM for advertizing by the weapons manufacturers. The roots of this vicious circle go quite deep. Oh yes, and nice cushy jobs, at good salaries will go to ex-military officers who supported arms mfgs when they were serving. (The so called "Revolving door")

[@dranzacspartan8002]

What do you expect when USA keeps spending 50% of the annual Tax Payers money on unaudited Military Industrial Complex (most of it straight to the pockets of CEO's and Administrators), and the remaining 50% annual Tax Payers money is shared amongst: (1) Bailing out Banks; (2) TOPPING UP Private Corporations Profits; (3) Bailing out Private Corporations Share Holders ...? Very little is left to serve the actual Tax Payers who are forced to pay more to improve broken Civic Infrastructures, ridiculously high Health Care, and all the Tariff Taxes USA places on all the cheap products that their Citizens use to pay (e.g. Walmart, cheap EV's, cheap Electronics, etc).

[@henli-rw5dw]

Bingo. The roadmap forward is consumer will pay all the bill. The solution is simple. Just don't consume.

[@dranzacspartan8002]

@@henli-rw5dw So, no clothes? No household white goods? No household utensils? No household consumables (toilet paper, sprays, shopping bags, etc). No leather upholders? No mobile phones? No computers? No TV's? No Solar Panels? No cars? etc. So, according to you, no-one should be living a Middle Class LiFe style What, only the rich can live an Upper class life style while the rest live in caves. Ok ... lead the way and then let us know what it's like after a month.

[@mymonster156]

Those elected are not representing the electorate. They are profiting themselves thanks to AIPAC, NRA, Churches, and War Lobbies

[@morbid747]

Nothing you say or do will change anything. The politicians aren't stupid , they know the debt is already out of control and it's impossible to fix it. They only have two choices , either continue the massive debt ponzi or let the economy meltdown.

[@oneofmany1087]

Let me guess, they just feel that its best for you. but what they are really saying is that its best for them. SO SICK OF THEIR CRAP!!!!

[@keithkennedy2725]

Kickback DC…

[@iancrossley6637]

$50,00.00 pick up trucks don't help. Especially when out of warranty and you find there are five computers that operate the brakes and the mechanic doesn't know which one to replace. Which is the position I find myself in.

[@DeeezNutttts]

Sell the truck an go buy a 2000 model bingo

[@keithkennedy2725]

This type of confusion is built into the automobile to eliminate private auto repair shop who can’t afford to buy the high technology dealership computers..

[@InTonalHarmony]

You're lucky you have a mechanic. I hear those are becoming harder to come by these days.

[@johannakamstra-schickendan7380]

Hello Lena thanks for this information, had to play your video 3 times to understand the 17plus trillions in household debt it’s unbelievable but to my humble idea that means end game set. It is an unsustainable mess of gigantic proportions.

[@keithkennedy2725]

Bingo

[@barryshaw5660]

It’s going to take generations to change our educational system and re-industrialize before we can even become remotely competitive again. Thanks, Lena.

[@keithkennedy2725]

Bimgo

[@wtf_usa5597]

More tariffs.. great. Look how well they worked against Ru.ssia. So let's do MORE of WHAT DOESN'T WORK! What a clown show!! 😖

[@JCSY1]

Compared to Russian sanctions, sanctioning China will be like committing suicide.

[@Leila-sd1sl]

All about bailing out the billionaires who owned the politicians. Fxxx the rest, who cares if the people with disabilities need disposable masks at a reasonable price. The ruling clsss see them as a liability anyway.

[@Alcheer]

Don't know if those are tariffs against Russia, there are sanctions on Russia, but have not heard about tariffs on Russia.

[@kkartha]

Vote OUT the Clown & his Circus troupe from their offices in November!

[@tucker2074]

The clown show is the response by society, I need to get 10 more jobs cause I cant afford rent or food, that's a real clown response

[@johntse8655]

looking at the graph, car loans defaults is growing, people need cheaper cars, but guess what, the government is preventing millions of people from buying cheap cars just to save a few thousand jobs. so even low-cost low tech Chinese goods will also be no longer cheap or worst, will not even be imported.

[@mymonster156]

BYD electric cars are $10,000

[@willeisinga2089]

Tarifs make life 100% more expensive. Household Debt rise to 34 Trillion Dollar Debt. But Debt for the One is Profit for the Other. So a lot of Money made with Debt. Tarifs are Taxes. 100% more Tax for the Americans. Not for the Chinese.

[@lawrencecheong29]

The billions sent to Ukraine can now be better used to bail out household debts. and the tariffs hike to build more bases in the Phillipines.

[@Mk-oy9ns]

😂😂😂😂😂😂😂😂😂😂😂😂

[@Knife_Collector]

The Federal Reserve said they were going to crush the economy, so what do people think happens when the economy slows way down? Job loss, credit card spending, high loan rates, people being homeless increasing, and higher taxes on those still working, to make up for the lost tax revenue,,, so much to unpack when talking about this.

[@darrellsmith4463]

Get prepared, the mother of all financial crises is just around the corner.

[@thomashutt3924]

The US government is responsible in the first place by allowing the vast dependence on Chinese manufacturing INCLUDING most medications which are necessary for a progressively sicker population which is caused by the horrifically bad advice from all government health officials. Get it?

[@davidwilliams4498]

Not only the gov though very many greedy USA biz. Both together they killed many many jobs for big corp wall st greed.

[@samabeka3023]

America has being enjoying free dinners for far too long,at the expense of the poor and oppressed. Vampirism at it's best !

[@fredturner7787]

Except you are not at the table

[@gerardramirez6320]

You enjoy America protection.

[@Rickelsonnih]

😅😅❤❤❤❤❤

[@lazarusguan2388]

@@gerardramirez6320 : You enjoy America protection. Lazarusguan: Looks at Ukraine. Lazarusguan: I need protection against America.

[@PranicEnergy]

​@@gerardramirez6320, protection against American bullying??

[@tomdrummy4984]

Inflation rate will not be slowing IMO. I’m thinking it will be over 5% by end of year. Thanks Lena ! 🙂👍

[@dnimon936]

i concur

[@keithkennedy2725]

Where do you live; Inflation is 15%+ as I speak..

[@thetwotravelers546]

Glad to hear the world is doing so well, can't wait for people to be living on the street and trying to find their next meal.

[@Jeffrey-rq2gq]

On its way!

[@philiptan2051]

Wow, 25% increase of household debt in Q1 alone. The mega increase of import tariffs will cause the goods more expensive which will trigger inflation wave on other goods as well. This will increase delinquency on credit card and household debt that will increase banks failures. The economy in the USA is going into an uncharted territory full of deadly mines bringing the country into a disaster, a financial breakdown ensued by chaos and anarchy.

[@brianlowe3529]

But billions going to us military Ukraine and Israel .

[@clarissagafoor5222]

US citizens have the vote! They should use it wisely!

[@hassanharith6820]

​@@clarissagafoor5222 Political lobbies make it no difference,. . . 🤔.

[@dougg1075]

That’s to make the weapons guys a bunch of money before the collapse

[@halid36]

Don't forget about the billions being used on the illegals that should not even be here.

[@OneStepBehindd]

Not going to work… 50% of US citizens are not educated to understand basic economics. How you think the same lackluster politicians get voted back into office.

[@ranar1036]

Lena, I would advise that the US treasury prints another 20tn dollars to clear these debts. It won't matter adding to the already-printed 22tn!

[@Jeffrey-rq2gq]

The US Treasury doesn't print anything. They borrow currency from the Federal Reserve Banking Cartel.

[@rudyubaldo8793]

INFLATION IS RAPID AND THE DOLLAR IS LOSING POWER AS WE SPEAK. WELCOME TO THE BIGGEST CRASH OF OUR LIFE, EVERYONE.

[@bartek38912051]

Not yet. Maybe in 10 years...

[@letsgetreal-df7pu]

@@bartek38912051 Do you wanna bet put your House on it!

[@morbid747]

Buy tangible assets. It's going to be worthwhile when cash , stocks , etf and others lose value when the economy collapse.

[@rd9831]

17 trillion debt, and they say the people are rich in usa 😅😅😅😅😅

[@dinatodorova4593]

Rich in debt....

[@oneofmany1087]

Rich enough to give it all away, POOR TAXPAYERS! JUST STOP IT FOOLS!!!

[@numbersix8919]

It all depends on the purpose and social function of debt. In short, we're screwed.

[@marvinkastler15]

they are wrong

[@lawrencejelsma8118]

​@@oneofmany1087... Joe Biden's new campaign promises for being elected in November of 2024. If elected we will dip into raising the debt ceilings of this $17 Trillion for mortgages debt forgiveness because in 2008 companies were able to keep their toxic waates land at taxpayer borrowed money. The Democrats will just do it again and Inflation!? ... 🤯 The $1 U.S. bill will save consumers from shopping for toilet paper soon! 😳😬

[@fuzzresponder2225]

That's BideMadness for you!

[@MsSwiftie]

Got nothing to do with Biden. Do you think any President is really in charge of how the country is run? Wake up!

[@wtf_usa5597]

Love your content Lena! Short and to the point with lots of great info. Keep up the awesome work!! 👏👏

[@EdCamilo-x1h]

Thanks for the free education!

[@taiwanstillisntacountry]

IOU-country. What could go wrong???

[@grimaffiliations3671]

currency is iou

[@hengleekai7788]

At the end who owe who?

[@donnaaskew3684]

Soooooo much could go wrong...will go wrong.

[@warren567]

Credit collapse results,100k a bread

[@LeeCuevas]

Very good job on this report. Very good information.

[@apmartin4748]

American's getting sucked into the rabbit hole get your cards maxed before they shut them off Charge on!

[@numbersix8919]

There's only a 50/50 chance that you can win that bet. What if our wonderful congress passes a law that allows credit card companies to adjust your account balance for inflation. Biden is after all Senator Credit Card.

[@Rick-f4j]

The U.S. dollar has lost 96% of its value since 1913. In 1908 a 46-gram Hershey Bar cost 2 cents. Today a 43-gram Hershey Bar costs a $1.99 without tax. Some economic historians estimate the New York central bank has printed $1 quadrillion since 1913 and that the global debt is $320 trillion in principal and - at 3% interest - $9 trillion in interest which means - on average - each human being on this planet owes $10,500 annually in interest payments alone.

[@josephpurdy8390]

Gold has had over a 100 fold price increase.

[@Spacenow869]

We just need not believe our lying eyes. Listen what our politicians say.

[@jaycole6824]

Great information, as usual. I always look forward to learning more from you. Thank you, Lena!

[@btrue2day]

Debt collectors soon to become most popular job

[@jkmarshall3553]

I'm updating my resume accordingly. 😉

[@Mk-oy9ns]

In a country with more guns than cars...............Good luck

[@darrellsmith4463]

And IRS agents.

[@btrue2day]

@@Mk-oy9ns watch the movie Judge Dredd.....

[@debbiecreter2005]

Thank you always for your thorough reporting! Greatly appreciated!

[@ricardopescador4971]

Lena is truly a valiant and valuable head of a KZbin channel that tells the truth. The truth of things may not be always nice to hear, yet the truth itself is positive in every way. For this, she's a positive Influencer which today is uncommon.

[@astiverson2364]

We are going down!

[@celebmrk9]

Appreciate your independent and well thought out analysis of our current ongoing fiscal and monetary incompetence we as a nation are enduring, thank you

[@EarnestMorgan-iq9ds]

Our congress has no idea how we Americans are feeling, we individuals are fed up with this treasonous administration. I feel pity for our country. A lot of people are suffering to survive! I appreciate Anni Juncina! Imagine investing $2000 and receiving $6,500 in 4days.

[@Jeff.O.J]

My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust

[@JasmineZach-hi6tt]

Diversifying income sources beyond our regular business activities often yields positive outcomes, especially considering the current economic challenges

[@DaveRondon]

Getting Anni Juncina to help me really helped me clear all my debits. I started with what I have left and it's been the best decision I ever made

[@VivianMorgan-dl5hl]

I would really love to know how much work you did put in to get to this stage. What's the strategy?

[@RaymondHugs]

She's the best honestly, am even a beneficiary. This inflation has taught people the importance of multiples income investment helps a lot

[@COVID-cm4rn]

Just keep printing more money! Whats the worse that could happen?

[@Jeffrey-rq2gq]

I know you are being sarcastic LOL, but the short answer is Inflation. Nothing to stop the train wreck headed our way.

[@cahya9388]

The economic crisis is a bad time for childrens, they can drop out of school because parents cannot afford school fees and see parents fighting every day.

[@larsnystrom6698]

School fees, what is that? A Swede asks bewildered.

[@cahya9388]

@@larsnystrom6698 educational costs that must be paid by the student's parents.

[@phoebejeebee]

@@larsnystrom6698 Here in the south many people send their children to Catholic prep schools...now paid by grandparents with Wall Street dividends/

[@OPTIONALWATCH]

We should start refering to our U.S. Government as delinquent and see how they feel about it.

[@cherrieleung9080]

With this kinda interest rates, it is only normal for debt expolosion and bankruptcy.

[@tantuisong2993]

Informative and very helpful to viewers to understand the importance of USA debts and the impact on our global economy performance ❤

[@shaynebowen5436]

Excellent Preparation and information. Thank you

[@disciple1119]

Love your commentaries, THANK YOU from a former CPA with PTSD from combat which effects cognition at age 77

[@davidronin1536]

Thank you for this.

[@flakieflake9616]

In the GFC house values fell by around 16% and caused a banking collapse. Today Commercial real estate does not have as high a total net worth as high as the housing stock of the USA, but its value has fallen by up to 90% ! This means that the total debt exposure levels to the banks is twice as great as it was in 2008 and the derivatives market is begining to show signs of distress.

[@Jeffrey-rq2gq]

Up-vote. Funny that the derivatives market and unfunded liabilities aren't discussed.

[@Mark-AnthonyJ]

Basically, everything I said would happen during the COVID plandemic. I would say more about the future, but it’ll be the same people calling me crazy until it happens. I’m glad I moved out of the country. .

[@fredretteketet]

I live in Europe. 12 years ago I Had plans to move to California Now I'm glad I didn't

[@Mark-AnthonyJ]

@@fredretteketet wise wise man! You have no idea the bullet you dodged. Now, just away from where missiles and EMP’s will land and you’ll dodge those too.

[@patriayvida6850]

That's ok, the rich & corporations are getting richer & that's all that matters. Banking is always strong, even when it collapses because they operate with the tax-paying suckers money.

[@perlefisker]

"Print more money"

[@BlueDef811]

That’s a great point. My daughter when she was 4, asked me to buy her a toy, and since I didn’t have the money, she told me to go to the front of the store where there is a machine that gives out cash.

[@morbid747]

Technically , they don't do the printing. They just add numbers in the bank account.

[@jaylinn416]

Clear and timely news. Thank you!

[@PravdaSeed]

🌻Thanks Lena. "Overcapacity" of Printing with: "Ponzi printers". ‼️🌀‼️🌀‼️

[@JonasBluntson]

I'm not gonna lie. I owe house note, car repo, credit cards past due, child support due, basically I can't pay my debt.

[@Mk-oy9ns]

Put down the crack pipe and pay your child support!!!

[@dinatodorova4593]

Then...why do u have a house, a car and a child if you can't pay for them???

[@bisbee1678]

@@dinatodorova4593 Nowadays there's a lot of decent people being financially crushed despite pulling 80 hour work weeks. Many who could easily afford a good lifestyle just a few years ago are getting kicked to the curb.

[@JonasBluntson]

@Mk-oy9ns I don't smoke nothing my child support comes out of my check an I realize it's cheaper to rent. In America u don't own shit

[@JonasBluntson]

@dinatodorova4593 hey I didn't cause inflation talk to the government bout that crap

[@ricardoavilapaulette7060]

A good summary of the situation. Thanks.

[@DonikaJorgo]

Thank you❤

[@jorjie8969]

Thats why China has BRICS+ , Belt n Road and SCO

[@gabbyfoo2]

Thank you for sharing important news, which CNA(Channel News Asia from Singapore) do not even televise. Have a great day Lena.

[@nowhere474]

NOT EVER HAVING CREDIT... Taught me to save money before making BIG PURCHASES. just sayin'

[@Mk-oy9ns]

It's all your fault...........😂

[@RussCR5187]

Yes. An often fatal disease -- "Keep up with the Joneses."

[@numbersix8919]

It's the best policy. The US would be better off now if everyone did as you have.

[@numbersix8919]

@@lilblackduc7312 There is no bankruptcy for ordinary folk, not since Biden and Grassley eliminated it in the 90s. Big business still gets to do whatever it wants, of course.

[@Across048]

Thailand's trends are also like the US. household debt so increased last few years. There are so many problems with debt - first credit card default, and second then auto loans. Now, we found that mortgages are defaulting in the first quarter of 2024 by significant. Our country just changed the minimum paid from 5 percent to 8 percent for the credit card this year. They found an increase in default. I'm an encouragement to everyone to get through the period of debt.

[@katesisco]

The debt is not attached to home owners, it is to the Mom and Pop storefronts encouraged by the Gov. So the economy appears to be split into two groups, one of renter/occupier and house owners. This is why we are told by Gov that our economy is in good shape, then group that owns and the occupier. But are they actually connected? When the occupiers are unable to pay, the debt is local isn't it? This will cause local banks to fail. Those with mortgages that can be satisfied thru monthly income from gov programs or jobs will maintain but a large percentage of the rest will collapse. But how much the collapse will spread is unknown. It appears to depend upon how great the chasm is between the haves and the have nots.

[@mandyspacek1087]

Im really confused, if governments are printing all this money, who is the debt to? Themselves?

[@HiLoTrones]

BUT, BUT, BUT BIDEN STATES THAT THE "BIDENOMICS" IS A GRANDE SUCCESS !!!??? 😁🤣😆😜

[@garygavin857]

What triggers a domino of falling debts. Banks are sitting on bad asset debts , which they flipped to a new loan to temporarily make that loan an asset. Aventually the debt service stops. The assets tumbles in value & a debt is unpaid. Banks are stacking up toxic debt in various ways until it all falls over. Consumers are being tapped out. Once they fail , recovery is very difficult. The car & the house are not worth what they thought it was. No savings, no options. You can see a massive firesale comming. Better to sell first than last. Buffet is stacking up 200 billion in cash waiting for the crash to buy distressed assets cheaply. I give it 5 months to clarify that people are falling over under the burden.

[@Snownam227]

thank you for the update friend Petrova ♥!

[@michaelloong964]

How can American keeps borrowing money to live forever?

[@Jeffrey-rq2gq]

Former Federal Reserve Fed Chair guaranteed Congress that it (money printing) could indeed go on forever. But the cost for doing so would be uncontrolled inflation. We are heading into the "uncontrolled inflation" period now. This is probably only the beginning. Never fear, the Federal Reserve Board still have tricks up their sleeves, none of them will benefit "We the People." Sad how little the public truly understands how the "money" system works.

[@jf8461]

One big word....UNSUSTAINABLE!!

[@garyneisler6828]

Thank You, Lena. God Bless you.

[@terencewise7349]

From Terence Wise in UK........How can inflation go down if you are imposing higher tariffs on imports? It’s insane!.

[@jeffarielly2353]

How, at this point in history, does anyone believe a single word coming out of the mouths of any Fed officials(??)

[@Kevin-pv1or]

So basically you would think nominal debt rises with inflation but the delinquency rates tell you something

[@danielgant2214]

All these folks that are up to their eyeballs in debt are going to be in a world of hurt when the recession hits. We may already be in the beginning stage of a recession or worse. Do everything you can do to get out of debt.

[@bitcoinpoemspro1406]

Thx Lena

[@juanmoy4780]

Gas prices in California is very high again…10% more

[@dy4221]

Everything in California is higher, that’s why we moved.

[@coolhandlukeful]

I’ve been listening to Lena and others for a good while now as a result I run an older car but it’s paid for , my house is now paid for and debt free , we’ve bought gold and silver physical because of listening to people like Lena we know that if you don’t hold it you don’t own it . It’s going to be a very tough time

[@guycossettecossette7444]

If the Laurentians , in Canada doesn't slow the printed cashflow transfered to Quebec , the governor will take his responsabilities and make the right moove !

[@fowlerja]

Lena, thank you again for updating us on a situation that will have to correct itself one day. One solution is for the American consumer to start paying down their debt load. But if this happens, there will be less spending money for retail stores and mail order industries which will have a ripple effect on labor layoffs. This will cause labor layoffs on industries which re-supply the retail stores - which will cause layoffs in industries which supply the raw materials for these manufacturing industries. All these layoffs will compound themselves into other industries such as groceries, restaurants, autos, heath, etc. So we have : Household debt is increasing, government debt is increasing, corporate debt is increasing. Looks like the perfect storm is slowly building momentum.

[@RobertMilfeld]

‘Systemic Risk’ sounds like the name of a punk rock band.

[@AliciaCrone]

Interesting! If i had that capital, i would have some flexibility. I would consider diversifying across different asset classes.

[@V.stones]

Absolutely. It's crucial to have a well-thought-out plan, especially considering the current state of the global economy.

[@ericbergman7546]

I agree. Given the uncertainties, it might be wise to allocate a portion to safer options like bonds or fixed income securities.

[@sebastiaanthijn7982]

Market conditions can change rapidly, impacting the performance of different asset classes.

[@rodgertim2881]

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I've been with Eric Paul Elmer for the last five years or so, and his returns have been pretty much amazing.

[@rodgertim2881]

It's all about having a well-diversified portfolio that can weather various economic conditions and deliver long-term growth.

[@improvisedsurvival5967]

That’s the point to make everyone debt slaves

[@liamporter1137]

Thanks for sharing and surfacing the truth. 👏👍

[@linuxmaster9679]

How come these people are not in jail??

[@avromlukov3590]

We are doomed 😅

[@pablotex]

Thank you Lena for keeping us updated. ❤

[@phoebejeebee]

I live in the deep south and drive a little car with no air conditioning....as long as I see all these big trucks and cars with windows rolled all the way up, even in 75 degrees I assume they're doing just great!! In town that uses lots more gas...on the highways it's equal because of the drag from the open windows. Same for the houses....sealed up like tombs 12 months of the year, ever the older houses with high ceilings. I simply do not know how they pay the heating and air conditioning bills!!!! It's one of my life mysteries.

[@johnnybrown2384]

Thanks Lena you have helped me see the bigger picture..

[@MrNatsuka]

Why do theu even need to borrow money if their government can print money out of thin aur? Shouldn't you all be millionaires by now?

[@RussCR5187]

It's actually a scam to help people who already have money (buy Treasuries) to get more money (collect the interest) using an investment that has been considered the most safe (but maybe not for long).

[@ajayji-ce2mk]

Printed money is for government spending on military and for wars not for normal public.. So it will never reach the poor.

[@larsnystrom6698]

You will soon be billionaires! Buy a wheelbarrow while you can, today, you might not afford it tomorrow.

[@bujdosotibor4674]

Tomorrow if you're lucky, few hours if not.First hand experience.

[@anthonybrewer8609]

Expensive business... burning the world 🙈🤡🌏