US Literally Cannot Repay Its National Debt - Prepare For The Changing World Order

US Literally Cannot Repay Its National Debt - Prepare For The Changing World Order | Ray Dalio - M

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Күн бұрын

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@contentcait Ай бұрын

I’m not watching impact theory as much anymore because I can’t tell what is a repost and what isn’t. My time is precious to me and reposts show a lack of respect for the viewers time. I understand you have new viewers. But you could also simply indicate repost on the front. Or not because it’s all about clicks? Idk if this is or isn’t a repost.

@reedsterr Ай бұрын

Agreed, not sure if Tom knows or if it's been editor discretion thus far, but I hope he considers adjusting course. It's becoming a continuing issue for many others as well based on comments in recent reposts.

@jdepew Ай бұрын

Same

@123duelist Ай бұрын

What if it's a new video you haven't watched or you forget some of the stuff that's been said?

@kevinw2569 Ай бұрын

Yes it's a repost...but then again, how many times does someone have to hear a message before it sinks in...

@JerryJHunter Ай бұрын

Definitely had that thought come through my mind when I clicked. I hope it's new 😅

@FradAnner 27 күн бұрын

I hope we all know that it doesn't matter who is in the 'top job' because this is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My wife and I will be retiring in the next two years n another country. We are absolutely worried that SSI will no longer be funded. we'll have to rely on his pension, a 403 (b) and a very prolific Investment account with my Stephanie Janis Stiefel my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.

@MosheerElly 27 күн бұрын

What country you moving too?!'m headed to Thailand or the Philippines in 4 years.

@FradAnner 27 күн бұрын

@@MosheerEllyI have a sister in Sri Lanka, should be easy for me to settle in

@YaxelBurone 27 күн бұрын

I would really love to know how much work you did to put in to get this stage

@FradAnner 27 күн бұрын

@@YaxelBuroneWell her name is 'STEPHANIE JANIS STIEFEL'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

@IvanSimaleza 27 күн бұрын

The new American Dream is to leave. Housing costs, medical costs, and the IRS are three of the big reasons that make it so.

@oldrin1876 Ай бұрын

You need to stop reposting old videos and make it really apparent WHEN the interview has taken place.

@michaelwiebeck3 20 күн бұрын

The U.S. economy relies on ongoing credit and debt generation for sustenance. The Federal Reserve is expected to increase the money supply, leading to further debt accumulation for the average American. Meanwhile, foreign nations continue to desire the U.S. dollar, despite their own economies facing significant challenges, some even worse than that of the U.S. This situation raises concerns about who will ultimately bear the consequences of these economic dynamics.

@Dantursi1 20 күн бұрын

People who are able to retire early are lucky . I have 15 months till 65 and need to look at calling it quits, my only fear is running out of funds much later, thus keen on investing. What could be the safest possible ways to invest for cashflow, in order to afford lifestyle after retirement?

@lydiablake3331 Ай бұрын

I watched this interview some time ago . I am done with this channel. I look forward to a new interview but I am constantly being disappointed and feel like I’m being duped when I see old interviews. You do realize you have a lot if competition don’t you? Unsubscribed!

@kkst3552 Ай бұрын

How long does it take to figure out that a video is a rerun? Maybe they could label the videos reruns but I see the reason why they shouldn’t have reruns. Usually it takes me less than three minutes to realize I had previously watched something. I see Ray Dalio everywhere and I like his shows. I’m not sure that I care about the host of the video.

@observer2000 Ай бұрын

It used to be that KZbin channels weren't a studio with 10 people working for it.. yes, he does have lots of competition now

@matiaswilliamcosta7207 Ай бұрын

you need to grant a big medal to this man Ray for what he has done not only in his past but mostly for what he s doing right now to educate people with his books.

@wyguide1983 Ай бұрын

Yet another old video. This is becoming all too common with Tom’s channel. Start thumb downing the old videos and maybe this will stop. At the very least at the top of the description maybe he’ll put the date of the interview.

@LordRykard9376 Ай бұрын

Tom looks like he's into being a cuck.

@kimkwatson Ай бұрын

Yeah, if he ever puts out a new one, I'll assume it's not new and scroll past it. He is setting himself up to lose viewers like this.

@NinoNlkkl Ай бұрын

With 4.5M subs, Tom would not have issues getting people on his show. Reason is he wants us to watch again because if importance.

@PenguinWhispererThe Ай бұрын

He already got my downvote !!! :)

@arsenioseslpodcast3143 Ай бұрын

You can tell it's old because it's zoom. Thi shas 2020 written all over it lmfao

@chrissmith3171 Ай бұрын

Not watching Tom till he stops reposting old interviews. So annoying

@martino8114 Ай бұрын

Hey guys I’m a 61 yr old retired defense engineer just so you can get a picture lol I really liked this guest how about you guys ? Just looking to confirm or learn something new lol

@salzkasten Ай бұрын

Unsubscribed. Another reupload without mentioning it. No timestamps either.

@akshatrastogi9063 Ай бұрын

Tom Bilyeu has lost its credibility. He just keeps reposting the same stuff for more and more views. He is a charlatan.

@BigJohnson-g3j Ай бұрын

Repay the debt to WHOM? The Federal reserve holds the majority of the US debt. The same entity that issues the debt is holding the debt! Wake up people, you are victims to the greatest scam of all time! The federal reserve is a private entity, owned by foreigners! They create money out of nothing, issue debt, collect taxes of that manufactured money, and give away billions to foreign countries that they again create out of thin air. Japan, China etc, hold a fraction of the US debt. That's the only thing we legitimately have to repay. WHO ARE WE IN DEBT TO? The answer to that is the answer to the problem.

@MrSeadawg123 Ай бұрын

Like Japan, most of the debt. Is owed back to tax payers. Which are the collateral for the loans to begin with.

@f42un84u Ай бұрын

Start an awakening to these facts, as 99.99% of Taxpayers are clueless. We the people still have the power. The six shareholders of FED stock could be money center banks's based in USA that do have international operations. See Jekyl Island. Many mergers, acquisitions, and transfers since founding. No way to trace after many investigations.

@ronwest7930 Ай бұрын

They could loan themselves money to repay the debt and repay it with debt and then...

@MrSeadawg123 Ай бұрын

@@ronwest7930 Lol... it is an ilussion! How to incentivise a population. Without using whips and chains. The Banking cartels. Designed by the rich. For the rich. To exploit any resource they want. Do not keep your head. In the game they control. You will never win.

@rakeshkumar-rr1zv Ай бұрын

No, only $6.83 trillion is the amount that US government owes itself ,For example, some federal trust funds invest in Treasury securities, thereby lending money to the Treasury, rest debth is held by the public which represent debt securities, like Treasury bonds and notes, bought by banks, insurance companies, state and local governments, foreign governments and private investors.

@kaceystewart5049 Ай бұрын

When Ray Dalio speaks, I listen 🤓Thanks for putting this together Tom.

@azmatwassan8857 Ай бұрын

I'm favoured, $22K every week! I can now give back to the locals in my community and also support God's work and the church. less America.

@Valverde-iq8sf Ай бұрын

As a beginner what do I need to do? How cHow cinvest, on which platform? yoIf yow any please share.

@lottiegray8790 Ай бұрын

Waking up every 14th of each month to 210,000 dollars it's a blessing to I and my family... Big gratitude to Stella Francis 🙌🏻

@subashpawar5922 Ай бұрын

Yeah, 253k from Stella Francis, looking up to acquire a new House, blessings.

@UnitedParcelservice-px8xy Ай бұрын

Started with 5,000$ and Withdrew profits 89,000$

@M2recoveryLimited Ай бұрын

I'm glad to writewrite her tay hope she will help handle my paycheck properly☺️☺️☺️

@KathrynA-q5l Ай бұрын

I grimaced harder when Dalio said we need to intelligently work together. Ray, when have you ever seen that occur in history?

@BillJohnston-y7o Ай бұрын

Yup, it's pretty tough to intelligently have a conversation with someone who thinks a man can become a woman. Many people are just mentally ill.

@kkst3552 Ай бұрын

With better than average government working intelligently together has happened in the past. Back in 1970 Senator Biden was leading a new group of Clinton Democrats, who had never heard of Clinton. Congress people like Biden personally. But Biden lead the race to the bottom destruction of American jobs for higher corporate profits. In the 1970s and 1980s and 1990s Biden and friends Deindustrialized the USA For higher corporate profits. The modern politicians and modern wealthy Americans, no longer have any loyalty to the average Americans so the average Americans should no longer have any loyalty to the wealthy Americans Because they aren’t loyal to us. The partitions and wealthy are traitors to the American people. But Ray Dalio actually gives a damn about the American people and has some loyalty to us. Most very rich Americans are global citizens now with more than one passport so the days of them belong to us are finished.

@richardwillford2418 Ай бұрын

Ray Dalio doesn't know what "an ordinary person" is. When Tom (and many others) asks him what the average guy should do, he starts talking about "investments". People (who not so long ago were part of the middle class) that have difficulty making ends meet, or people who have 2-3 jobs and are cutting down on food, do NOT have "investments"!

@kkst3552 Ай бұрын

It’s really hard for the rich to know what life was like for the middle class? And they can’t even imagine the poor. Ray, Dalio is actually better than average for a rich man trying to relate to middle class.

@Junk-tz6cs Ай бұрын

Dalio has been more direct previously especially in his book Principles. The answer for "an ordinary person" is to simply keep trying to maintain and enhance personal productivity. Without money to invest, "an ordinary person" only has his or her attention, labor, discipline, resourcefulness, and creativity to invest.

@omahacheeks764 Ай бұрын

Most Americans have been doing financial stress tests weekly... except ours come with surprise pop quizzes like 'Can you fix your car and pay rent this month?' 🙄

@tonysilke 5 күн бұрын

The market's rise after Trump's win is surprising given the economic uncertainty. While some stocks, like AI-focused ones, look strong long-term, the volatility makes me cautious. Even Bitcoin is seeing a boost, but it's tough to predict where things are heading with inflation and interest rates. Staying cautious but watching for opportunities.

@Nernst96 5 күн бұрын

I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.

@jamestaylor7226 Ай бұрын

We have gutted education intensionally, because a good education system does not produce an equidable outcome. We have intensionally created a very inefficent economy, we are demonizing actual wealth generation & promoting public service jobs & it worse that that we celibrate the title, not the body of work. Covid, our debt, no good plan for how to transition into the modern age in a positive way, our government intensionally turning us all against each other to deflect us from holding our government accountable for a very bad job, massive clasifacation of info, criminalizing truth telling, all show us just how bad of a job our government is doing.

@TheMavynonIG Ай бұрын

It's so refreshing to know that I'm not the only one who has money problems. Just makes you want to create another mouth to feed.

@tsvet5804 Ай бұрын

15:00 "You need to be able to be better than the next person, to be able to outperform" Wrong, a big multi national company that I work with, chooses people by this criteria 1) If he comes from a bigger city 2) Has a bachelor or higher 3) Is willing to work for less, they do not care how much you can do, they care how little they can pay you, if you show merit, people will use you and you burn out, no point in asking for more pay when they can just get another one for less.

@monettecarole Ай бұрын

Ray is so tactical. He just does not want to say he expects WW2 and people will go broke .... as in the great depression. Yes, Tom this is going to suck for the majority of people. I suggest people should start to prepare by paying off all their debt then start to collect some food and basic nessesities.

@halward8672 Ай бұрын

LAWYER 20 + YRS FOR THE WORLD BANK, AND OVERSEE MANDATE TRUSTEE FOR THE GLOBAL DEBT FACILITY, TURN WHISTLEBLOWER KAREN HUDES...GLOBALISTS COULD NOT GET RID OF HER, BECAUSE SHE REPRESENTED MULTIPLE WHISTLEBLOWERS ETC...BUT THEY TRIED UNSUCESSFULLY; SCALAR WEAPONS AND MINDCONTROL ETC...i...A podium event: Info you should know...like Do you know that humanities wealth is contained in the Global Debt Facility with a value of over 3 quadrillion in hard asset's, a short bio leading up to Now, on how we got to this point; even thou it is an 8 yr old video...well we can measure the change from then, to the now...thing start to make so much more sense...but you decide...Gold out of Hiding t.co/j6gPodesUy ...PLUS...Debt Owed by the Central Banks kzbin.info/www/bejne/j6Klh3yXm7hlqqs via @KZbin "Mar 26, 2019 We are in a new reality now that a critical mass of people realizes what is actually going on. The Black Nobility has a strong reaction to being exposed, and is finally beginning to understand that this is only making things worse for them now that we have reached critical mass. We the people are in a coalition that also includes all of the military powers of the world. We are now cleaning up the corruption in the world's paper money issued by the central banks. This clean-up of the corruption in the world's money is called the Global Currency Reset. José Rizal put the vast wealth that used to be held by the Vatican on deposit for the benefit of humanity in a trust called the Global Debt Facility. José Rizal's lawyer was Ferdinand Marcos. Rizal and Marcos created the World Bank and IMF as a big world cooperative to make sure the world's wealth wasn't stolen and went to the world's people. That's where I come in. I figured out what Rizal and Marcos had done. I got a lot of help to figure this out. When I say, a lot of help, I mean a lot of help. The world's military powers, all of them, all of them, are making sure we stay the course so that the world's wealth stays with the world's people. This link shows you the letters I wrote in 2015 to all the countries for the Global Currency Reset" s3.amazonaws.com/khudes/Alter

@ryan-el9er Ай бұрын

that’s already what i’m doing. i saved a huge expense by getting rid of my apartment and primarily living with my car (4-5 days a week). but it’s a brand new SUV so it’s nice… overall it’s not that bad but the goal here has been rapidly paying down debt and saving and being in a more stable position for whatever is coming

@arsenioseslpodcast3143 Ай бұрын

fake conversation

@TheKilkenny1967 Ай бұрын

Always love to hear Ray Speaking he is a sage Thanks Tom I look forward to your live get together Wednesday.

@OceansVideo Ай бұрын

Love the podcast. Please mark reposts as reposts and give us the date of rhe original post. Thank you

@christianjohansen388 Ай бұрын

Could you please make a splash screen or something that say whether its a new video or an old video. Love your podcasts, but im inclined to drop your show if i cant tell. My time is precious to me.

@DiecastDiscord Ай бұрын

Tom, You've built an amazing channel. Unfortunately I will be unsubscribing due to the repeat posts and the ever concerning dilution of your content into clips. I'm still a fan, please do not take that any other way. I will continue to check back from time to time and I might even subscribe to the channel again. But until the repeat posts come to an end, I bid you the best with your channel. I'm becoming skeptical to click on your videos, seeing as you just post previous content. Have a good one

@p.baileymcbride7232 Ай бұрын

old recording without disclosure. Got enough Tom for yourself?

@Debbie-u1c Ай бұрын

Waking up every 14th of each month to *210,000 dollars* it's a blessing to I and my family... Big gratitude to *Janice Isaac*

@Quan-k1i Ай бұрын

I am 32 years old. I reached my first 100 thousand dollars in just three months. I started with 30k investing in Bitcoin ETFs and other dividend income. My medium-term goal is to reach one million dollars before I turn 45.

@TR-lz3kh Ай бұрын

She make me 1 billion dollar in 1 day, I am so rich now, I leave my job as cleaner

@observer2000 Ай бұрын

I love listening to Ray Dalio so it doesn't matter if it isn't a new episode

@darrellbublitz8158 Ай бұрын

As for fractional reserve banking, your definition was correct, but the example was far less troublesome than it really is. You said that if you deposit $100, they have to keep $1 and can loan out $99. A. That is 1% and I believe most banks have to keep 10% in reserve (with the exception of the federal reserve, who has to keep 6%, I believe but could be wrong. But the big secret is that if you deposit $100, they dont have to keep only $10.....Rather, if you deposit $100, they can then loan out $1,000! Your deposit becomes the 10% reserve......thats why things go upside down so quickly!

@susymay7831 26 күн бұрын

Timestamps needed on these future nice videos

@davidmoorman731 Ай бұрын

Tom , we enjoy your guests but you do have honest competition . They often report repost and you do not. So we have to report that ourselves. Not a competitive advantage for you. We hate click bait. Have limited time.

@eamonshields2754 Ай бұрын

Zero timestamps either.

@EricTheRea Ай бұрын

I used to click on every video from Impact Theory. Now I click on basically none of them because there's no way to know if it's new or old content and I'm tired of having my valuable time disrespected. If you want to highlight older content for new viewers, great! Just indicate that clearly somehow. Otherwise, it just looks like you're being lazy and trying to trick loyal followers into giving you clicks (i.e. money) twice for the same content. It's just shameful at this point. Either Tom isn't aware of how this channel is being run, or he's just finally showing his true colors. There are dozens of comments about it over the past weeks. Tom should address this new business model for his viewers if he hopes to keep them. But maybe we're just dollar signs to him. So much for his "North Star."

@maitreya1906 Ай бұрын

Money will be useless. No matter what you've saved. Everyone including rich folk will be devastated

@DANJEDI Ай бұрын

Wisdom with a touch of Optimism!! Good show 👍 Tom Bilyeu X Ray Dalio

@shAiDawn Ай бұрын

I saw people mentioning this is a repost, Im curious when was the original video posted?

@libertyordeath8351 Ай бұрын

Debt has NO meaning anymore!!! When you can degitally create money, what is it's VALUE, it's all Smoke and Mirrors!!!

@bubbajones4522 Ай бұрын

Gold is the money of kings, silver is the money of gentlemen, bartering is the money of peasants and debt is the money of slaves. People are starting to wake up to the realization they are slaves.

@BigJohnson-g3j Ай бұрын

Exactly! Repay the debt to WHOM? The Federal reserve holds the majority of the US debt. The same entity that issues the debt is holding the debt! Wake up people, you are victims to the greatest scam of all time! The federal reserve is a private entity, owned by foreigners! They create money out of nothing, issue debt, collect taxes of that manufactured money, and give away billions to foreign countries that they again create out of thin air. Japan, China etc, hold a fraction of the US debt. That's the only thing we legitimately have to repay. WHO ARE WE IN DEBT TO? The answer to that is the answer to the problem.

@matthewsmith2362 Ай бұрын

The real plot is there is a decrease in standard of living for average Americans happening fast and now! Get ready to work much more for much less stuff. Experiences are becoming unaffordable for working class. So just work to survive people that’s our new role. And you better do it or your Venezuelan counterparts will!

@CjrRbt Ай бұрын

This financial system is created to keep humanity in slavery! It has the role of providing financial power in the hands of a few tricksters (those who print and their followers), and let the rest be their slaves.

@libertyordeath8351 Ай бұрын

@vonBottorff I'm a little Worried about the " Work-around"

@joshuavaillancourt9877 Ай бұрын

Why all the whining about the repost? I didn't catch this video previously and I'm enjoying it. If you've seen it, please, go about your day. Don't tell us how limited your time is and then waste more of it coming to the comments to complain.

@michaeljacobs4546 Ай бұрын

Where Ray is falling down is the role of family and community.

@macromicrodragon Ай бұрын

Thats why we have Banking Insurance, the thing is with proper banking insurance, when someone steals all your money from your bank account, it gets replaced. Considering, WE DID NOT SPEND THE MONEY, it should be a wash. Just reset the entire system and give every Social Security Bonds back to the Individual Sovereign, rather the bloated Gov Purse hell bent on War-Shipping every dime for themselves.

@cliftonodom3059 Ай бұрын

You don't want tp repay the national debt. That would be ridiculous

@mattanderson6672 29 күн бұрын

Excellent analysis Thank you Sir Interesting... very interesting Wonderful discussion Thank you Gentlemen Brilliant discussion I love these discussions, you do brilliant work Tom Thank you Both

@alextrushin7644 Ай бұрын

Incredible insight just wow. This is actually how everything works in life. Living the definition of it currently at 37 years old 🤯

@WillieMcCoy-r4b Ай бұрын

I plan to retire at 62 in another country outside the US that is free,safe and very cheap with a high quality of life. I could fully just rely on only my SS if I wanted to when that time arrives but I'll also have atleast one pension, a 403 (b) and a very prolific investment account with Susan Jane Christy, my FA. Retiring comfortably in the US these days is almost impossible

@AdamBeck-e5g Ай бұрын

I'm planning to retire in a conservative Christian community in Texas. I'll pay for my home in full and retire comfortably in my country

@Junk-tz6cs Ай бұрын

Sigh. I just took notes for 45 minutes, and then I went to the comments to double check if this was a new interview or not.

@IsaacDozier1 Ай бұрын

What about the people trying to balance finances and a lifetime of unsupported cPTSD? At 36 I'm getting tired.

@michaelkeller5714 Ай бұрын

I remember when I first started learning to trade, Dalio was talking about gold. If only I had listened

@laurenpaer252 Ай бұрын

Now he’s saying the US can’t pay its debt. Interestingly a few years after the 2008 crisis he praised the “beautiful deleveraging” the Fed had overseen. Except there never was any deleveraging. Debt has gone up and up and up. To the point where now he’s talking about how we will never be able to repay our debts. Would have been nice for him to be raising the warning bells earlier when it wasn’t too late.

@tommygrubbs2053 Ай бұрын

It’s a new era, Ray. The debt doesn’t matter now.

@patrickdavis2788 Ай бұрын

“Sustenance will be sustenance and corn will be corn”

@ZZZZ-mkv Ай бұрын

I don't trust Ray Dalio. His position put him in touch with the world's most powerful people for a very long time, and he hasn't done any whistle blowing.

@kkst3552 Ай бұрын

White Ray says is fine. My concern is what Ray does not say. I would never ask Ray to earn less money to be ethical because that is something that we America’s do not ask of our rich. Ray can profit as much as much as he wants with sleazy deals and I don’t care because I do think that Ray is more loyal to us than the rest of the Rich are.

@kkst3552 Ай бұрын

What Ray says is fine.

@box582 21 күн бұрын

It if really messed up listening to two millionaires tell you to get comfortable with a basic subsistence lifestyle. Thanks Tom and Ray, I'll start working on my grasshopper recipes.

@RedPillDiaries Ай бұрын

Is this a repost, because I h8 watching old reruns, makes me wanna unsub?

@michaelkeller5714 Ай бұрын

I don't think most people would deny there's a inequality of opportunity. What people disagree on is, what role race plays in it, and how that should be dealt with.

@kkst3552 Ай бұрын

One of the problems politically was that the shift of focus from class the race was designed to hurt the lower classes. A rising tide lifts all boats including black boats, but we need the tide to rise. Race really is not the important issue. A person becomes poor for a reason. The poor person is in some way struggling end it does not matter how they got there. Weather was race or drugs or health problems that held them down does not matter much. When Starbucks must pay $30 an hour to find a decent employee blacks will do fine like they were doing fine in 1973 The peak of American prosperity as measured in anything but electronics. We want to lift all boats because it works better for minorities in minority programs do. Dividing America into races is bad. Nobody supports the KKK anymore. The racists that Trump dog whistles to think that they are victims of government. These are not your daddy’s racists.

@michaelkeller5714 Ай бұрын

@@kkst3552 The way the word racism is defined now would make everyone a racist.

@swampcastle8142 Ай бұрын

The government needs to get out of the debt business.

@zig_ma Ай бұрын

The average person doesn't have any control over the way the government handles the deleveraging. It doesn't matter how you vote in November, because neither candidate can get the other side behind them. Politics are too decisive at the moment.

@starsandmoon23 Ай бұрын

You must do an interview with a great Israeli historian and author Ilan Pappé, I just watched a podcast with this man being interviewed. It was amazing a great and depth insight to the Israeli Lobb Exposed in the USA

@TheMavynonIG Ай бұрын

If people were well balanced emotionally we wouldn't have to 'pick a side' we would just move accordingly.

@martinlord5969 29 күн бұрын

Ray is trying really hard not to say 'Agent orange is dangerous' But frankly there's not a single thing he says here that I disagree with

@stevec.1319 6 күн бұрын

Every country in the world is contributing to the national debt of the earth. My question is, to whom do we owe this money? Mars?

@thekratomchannel Ай бұрын

The US is betting on the invention of dominant technology. So long as the economy continues to produce dominant technology, debt does not matter. Yes the stress is intense “but it’s worse everyone else” literally.

@LamontAdair Ай бұрын

He prioritized generating wealth over living a healthy lifestyle

@dulcebaptista9769 Ай бұрын

Thank you from Portugal ❤

@oakgnarl5021 Ай бұрын

Voting is the most violent act someone can commit in their lifetime. This little noted anomaly about voting is directly related to the modern conception of the State as an entity deriving its grant of authority to act from the consent of the governed. The aura of legitimacy surrounding the government's actions is enhanced by the perceived role of voting as an expression of the “people's will.” Whether non-threatening or violent, the authority for each and every one of the government's actions is presumed to flow from the consent of the people through the electoral process. School children are told this from their earliest years. The idea the State derives its power to act from the consent of the people sounds romantic. Few people, however, are aware that by definition the State’s power is for the specific purpose of engaging in acts of violence. No grant of power is necessary for anyone, or any organization to act peacefully. This is no secret among scholars, and sociologist Max Weber's definition of the State is considered one of the most authoritative: “A state is a human institution that claims the monopoly of the legitimate use of physical force within a given territory. ... The state is considered the sole source of the `right' to use violence." [1] The legitimizing impact of voting on the government's exercise of power intimately involves voters in the use of that power. Which means that non-voters tend to delegitimize the exercise of a government's power as an expression of the “will of the people.” So if no one voted in an election or only a small percentage of people did, the government couldn't profess to be empowered to act as an agent of the “people's will.” Without the protective cover provided by voters, the government would have no pretense to act except as a law unto itself. Consequently, the government's actions and the voters who legitimize them are linked together. Thus at a minimum, voters are spiritually involved in every act engaged in by the government. Including all violent acts. This involvement in the government's violence isn't, tempered by the nominal peacefulness of a person’s life apart from voting. By choosing to vote a person integrates the violence engaged in by the government as a part of their life. This is just as true of people that didn't vote for a candidate who supports particular policies they may disagree with, as it is for those that did. It is going through the motion of voting that legitimizes the government to act in their name, not who or what they vote for. This means that the violence perpetrated by any one person pales in scope or significance when compared to that which is authorized to be taken by the government in the name of those who vote. The combined ghoulish violence of every identifiable serial killer in American history can't match the violence of even one of any number of violent actions taken by the government as the people's representative. A prominent example of this is the economic sanctions imposed on Iraq after the Gulf war in 1991. These sanction prevented Iraq from rebuilding its destroyed sanitation, water, and electric power infrastructure that were specifically targeted by the U. S. military for destruction. Supported and enforced by the U. S., these sanctions are credited by UNICEF and other organizations with contributing to the gruesome deaths of an estimated 3,000 to 5,000 children a month for over 8-1/2 years. [2] All voters share in the government's contribution to the unnecessary deaths of these children caused by disease and a reduced standard of living. So the over half-a-million deaths of innocent children in Iraq in the years after 1991’s Gulf war are on the blood stained hands of every voter in the U.S. The same dynamic of voter involvement in government atrocities is true of the many hundreds of civilian deaths caused by the bombing of Yugoslavian cities in the spring and summer of 1999 that the United States participated in. This was a small scale recreation of the atomic bombing of the non-military cities of Hiroshima and Nagasaki in August 1945. Hundreds of thousands of innocent women, children and old people were killed from the initial bomb blasts and the long-term effects of radiation exposure. [3] Those bombings had been preceeded by the U.S. military’s killing of many hundreds of thousands of non-combatants during the firebombings of Tokyo, Hamburg, Dresden and Berlin. All of those people were killed in the name of the voters that had elected the Roosevelt administration in 1944 by a landslide. Voting, like a missile fired at an unseen target many miles away, is a long-distance method of cleanly participating in the most horrific violence imaginable. So declining to vote does much more than cause a statistical entry on the non-voting side of a ledger sheet. It is a positive way for a person to lower their level of moral responsibility for acts of violence engaged in by the government that they would never engage in personally, and that they don’t want to be committed in their name as a voter. Non-voting is a positive way for a person to publicly express the depth of their private belief in respecting the sanctity of life, and that violence is only justified in self-defense. The social sphere in which most people live is notable for the level of peaceful cooperation that normally prevails in it. The majority of people strive to better their lives by working together with other people in the pursuit of their mutual self-interest. [4] This community spirit of non-violent cooperation supported by non-voting, stands in sharp contrast to the societal violence endorsed by the act of voting, -Hans Sherrer, 1999

@sweet-thin-crude Ай бұрын

Great interview

@KathrynA-q5l Ай бұрын

Do you notice that Ray can speak smoothly until he's on a question about what to do - then it seems he's practically choking, sputtering and trembling? His body language is speaking volumes.

@iryn-e1953 Ай бұрын

Everything feels small compared to the 500,000 shiny rocks I owe Mayor Clawsworth. Like, stub my toe? Whatever... I'm still broke.

@Shiv1971 Ай бұрын

US does not need to pay off its debt but the minimum payments towards the debt payment. Over time the US can nationalize shale oil and other resources that are precious and print money against future sales of the resources that will HAVE to be used. And they can control borrowing from the public and banks. AND all these techniques will allow income generated to pay minimum debt payments. The economy will still grow because it's so competitive that inflation will be manageable via tax and tarrif policies.

@clintpot8521 Ай бұрын

There is a disconnect here. On the one hand people can't afford a $500 bill out of pocket. On the other hand, they are talking about saving for retirement. This sounds like sitting down with Mad Max and talking to him about his 401K planning, lol.

@rentslave 23 күн бұрын

End Medicare and Medicaid. That's where the entire deficit is.

@aliensystem1528 Ай бұрын

The economy and society are self organising. We do not need a central controller or authority to control the economy. All they do is mess things up

@mc1543 Ай бұрын

Does Tom keep posting the same videos over and over? I’m confused

@duenorth4535 Ай бұрын

how old is this video or is it new?

@mcq31mc Ай бұрын

old

@ChristopherRyans Ай бұрын

Got to be old. The quality is not up to his new episodes. Sound and video are amateur at best

@petemorton8403 Ай бұрын

Older than old, he says debt is getting out of hand. That was back in 2009

@mcspankie2010 Ай бұрын

@@ChristopherRyansand Tom looks a bit younger

@beerman204 Ай бұрын

KZbin refuses to require date of production stamps on their videos. To me this is wrong. One example, hurricane and war coverage videos out of date that could have serious ramifications to your personal safety. KZbin needs to change their policy.

@craigdennis4210 Ай бұрын

I bailed on this one when he praised Roosevelt

@mazzicana Ай бұрын

Rule #1 reduce your expenses

@loganbrokaw4633 Ай бұрын

Dude…. Stop with the reposts. You’re about to lose a customer…

@johnq.public3302 Ай бұрын

No it can't be repayed....but it can be hyperinflated so it's worthless.

@BigJohnson-g3j Ай бұрын

@johnq.public3302 Ай бұрын

@@BigJohnson-g3j Red Shields.

@BigJohnson-g3j Ай бұрын

@@johnq.public3302 Bingo bongo

@AnGryPOETry Ай бұрын

@@BigJohnson-g3j ok so what do we do?

@timothycurrier7155 Ай бұрын

Tom read the comments.

@KathrynA-q5l Ай бұрын

Doesn't pay and apparently he's not up for customer feedback

@katherinevallin7509 Ай бұрын

Master class!

@ForestFolk_ Ай бұрын

Love listening to you both, many thanks 🙏

@Subroutine403 Ай бұрын

Figured this was a repost. Not watching.

@somesteak6100 Ай бұрын

Repost? Label as so. Why wouldn’t you?

@EricTheRea Ай бұрын

Clicks. Money. The only explanation.

@briansiedenburg2514 Ай бұрын

Please please please indicate whether something is a repost or not. Very annoying

@FabriceTheArtist Ай бұрын

I don’t watch impact theory anymore because I can’t tell what is new episode or not. So I don’t bother clicking anymore at all. I know I’m not the only one who stopped watching because of this.

@johns.7297 Ай бұрын

Many Americans like to live large and on the edge. I'd guess many get a dopamine rush from spending. If things go bad, blame the government.

@ryanviningtube Ай бұрын

Repost or original?

@StoryThyme100 Ай бұрын

Repost....at the beginning RD mentions in admiration the people working on the vaccine.

@Scienceaddict147 Ай бұрын

This shit is TWO YEARS OLD god damnit im unsubbing this channel tired of these reposts with no original air date mentioned.

@gridrunner1319 Ай бұрын

I tell my son, who works in our small business to … become irreplaceable… in our business & in life. That’s also our business goal.

@KathrynA-q5l Ай бұрын

Tom, repackage your interviews if you must but put dates on them, will you? It's a sloppy product otherwise.

@defguy319 28 күн бұрын

Please let us know when a video is a re-post

@paulaballetdancer4432 Ай бұрын

As long as Piglosi, OBumma, Scummer, Harris, etc. are around nothing goes well.

@jerowm5568 Ай бұрын

WTF is up with all the reposts of old guests??

@tosekiprijanov231 Ай бұрын

USA can't repay it's national debt to whom? To it self. Who is this Debtor, to whom all world is in debt. Does he have a name? To whom do we all owe our money? This is crazy.

@KathrynA-q5l Ай бұрын

I believe China holds most US treasuries