What Happens If The U.S. Can’t Pay Its Debt?

[@jeaninnalexis4318]

So the debt ceiling has no ceiling. That’s all y’all had to say 🙎🏾‍♀️🤦🏾‍♀️

[@christopherhamm3181]

This is true for many other countries, why not us?

[@kushkingla7385]

A home with no roof will get rained in.

[@donhuang9855]

The Debt Ceiling is the next Leap Of Faith which only the USA, the Chosen ONE, can preach to the global community in Good Faith. Denying the existence of an Open-Ended Debt Ceiling will be considered a cardinal sin of the US imposed global order.

[@santiagoperez2094]

@@christopherhamm3181 because you are not argentina christopher

[@santiagoperez2094]

@@donhuang9855 nah, bitcoin its already knocking the door, the faith leap its towards the electronic gold.

[@barttfisher]

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[@PennyBergeron-os4ch]

With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.

[@FinnBraylon]

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.

[@HildaBennet]

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@FinnBraylon]

Her name is Sonya lee Mitchell. Hope that helps

[@HildaBennet]

I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

[@magellan124]

I like how the conversation isn't about reducing the amount of debt we can take on but rather how high we can raise it

[@crmz167]

Well rasing the debt ceiling is a easy short term solution. Reducing our debt as a country a lot harder than just rasing the debt ceiling.

[@orangutan1700]

Remember every time you or someone you know was angry at billionaire entrepreneurs for some of their billions? Yeah, the government printed 20000 billion in the meantime. You were bamboozled by the media to be distracted from the fact the government was printing literally infinite money behind your back. Time to start holding the government accountable for its crimes.

[@JasonJFly]

Government borrowing money from fed and then taxing the people haha

[@FushigiMigi]

I agree. If this is how serious we are about that, then why do I even pay taxes?

[@acash93]

Most of the country's debt is to its own people. So, there's not much risk with borrowing more & more over time.

[@micheallancelot]

Thank you this amazing video! a weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k

[@leonarodwell]

The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.

[@jetkastrokdova]

@@leonarodwell in my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.

[@margaritasbunny]

@@jetkastrokdova I agree, having a portfolio-advisor for investing is genius! Not long ago amidst the pandemic crash in March 2020, I was really having inveesting nightmare prior touching base with a license portfolio-advisor. In a nutshell, i've accrued over $550k with the help of my advisor from an initial $120k investment thus far.

[@lindholmlille]

@@margaritasbunny >You are right! I diversified my $500K portfolio across various market with the guidance of an investment coach, I have been able to generate a little bit above $1m in net profit across high dividend yield stocks, ETF and equity during this red season in the market But the truth is that you cannot do that without a tested trading strategy

[@bobbyrussel-ob9oj]

@@lindholmlille Inflation is over 8%. The stock market is down 20% this year. Keeping my money in bank could be no good but investing is riskier, I wish to find better value deals as asset prices keep decreasing but lack the skillset, mind if I look up your advisor? I admit this is the only way for amateurs like mys

[@Music4EverKanekavi]

The trillion dollar coin solution sounds like a solution only an entire high school would come up with.

[@stephennorth9529]

It sounds like something out of the simpsons

[@jirislavicek9954]

@@stephennorth9529 👍👍👍

[@user-cb1kl2qs2v]

That's 2 much credit I would say like junior high maybe

[@donhuang9855]

Trump will called this 1 Trillion USD coin his Art of the Deal.

[@MattExzy]

Straight out of The Simpsons. But that was a trillion dollar bill, which sounds even less outlandish than a trillion dollar *coin*

[@potatomatop9326]

I have this $1 trillion coin. Rick Harrison: *sigh* $5 and i'm taking a risk.

[@arnoldshmitt4969]

RICK BE LIKE i dont even know if i will be making any profit here , it is gonna sit on shelf for years

[@GeneralChangFromDanang]

Let me call a friend of mine that knows a lot about hyperinflation and have him take a look at it.

[@arnoldshmitt4969]

@@GeneralChangFromDanang hahaha we all are on a roll here ask rick dad if he want the coin in silver i heard he is a fan of silver

[@ecognitio9605]

Rick: I don't accept funny money...

[@arnoldshmitt4969]

@@ecognitio9605 🤣🤣🤣

[@Fauzanarief-n7i]

The 1 trillion coin sounds like Zimbabwean dollar or Venezuelan Bolivar

[@tylermcnally8232]

And that's why America is in the state it's in. Financial illiteracy on a national scale. How do you then expect those same people who can't balance their own bank books to vote someone in who can. Please. The whole system is a joke and should be treated as such.

[@freyawildesciencefictionau8156]

@@TheFalseShepphard Statists will never do that. The US is a military junta, and it won't end until the US is no more.

[@oglala3832]

Not really as they can just simply fight wars to continue borrowing

[@mkay9988]

@@TheFalseShepphard unlikely, especially when they have to compete with Chinese military advancement. Since both Republican and Democrat have unfavorable view towards China, last thing they drastically cut back would be military spending.

[@Shadowed007]

@@mkay9988 They have another strategy, Keep printing the Dollar and hope China, Japan and HK keep buying their Debt. And on another side keep Crapping on China which is good for poll numbers, and seems this strategy is working.

[@FastDude720]

Yes the US can borrow $28 trillion that doesn't exist yet I overdraft $80 and my bank is at my throat..noice👍

[@lefishe6869]

Fo real😂😂

[@TheWhitefucks]

just make a $80 coin silly.

[@FastDude720]

@@TheWhitefucks Lolll🤣

[@andresvelazquez5922]

While this is a funny comment let me tell you that you could do what the U.S. does and ask for credit from someone else. Let's say you ask your boss to pay you early. You could pay off your bank debt and now you're in debt to your boss. Now let's say your boss needs a credit from the bank and gets 80 usd from the bank to pay you those 80 usd. The money just changed hands and you'll still be in debt. But this time, to your boss until you're able to work those 80 usd. That's basically what's happening.

[@orangutan1700]

Remember every time you or someone you know was angry at billionaire entrepreneurs for some of their billions? Yeah, the government printed 20000 billion in the meantime. You were bamboozled by the media to be distracted from the fact the government was printing literally infinite money behind your back. Time to start holding the government accountable for its crimes.

[@omkarnirmal]

Come on, we all know that US is never going to repay this debt.

[@Mansmokesalot]

The U.S needs inflation in order to pay this high debt because they can pay this fixed number with a cheaper dollar

[@AluminumOxide]

Unless it finds an asteroid filled with rare earth elements, probably worth in the quadrillions, and brings it back to earth

[@shredman]

@@Mansmokesalot yes but they don't need to, it's just "debt". If they care about their reputation they can do some “adjustments”

[@minus3dbintheteens60]

They only need to make the interest payments, like a credit card

[@aycc-nbh7289]

Aluminum Oxide And I think they are working on that. They also plan on going back to the moon someday, so perhaps Helium-3 could be mined.

[@tl6359]

Why should the debt ceiling even exist if they're gonna keep increasing it anyway

[@well.thy.one.]

Manage perception

[@theshowman1000]

Hyperinflation happening near you

[@robbieaulia6462]

Initially is to make sure USA doesn't get too much debt, now it's a political weapon against opposing party.

[@alextogo8367]

True that

[@neilkurzman4907]

Because World War I. It was something useful back then. That was never removed after the war. Now it’s a political football

[@JH-kh9lf]

None of the last 4 Administrations have addressed this issue, when we do default, both Parties will be to blame. And who pays, the Middles class!

[@Music4EverKanekavi]

The middle class is disappearing

[@pod11th31]

@Capitalist Pig You should revitalize old solutions for bankers commiting fraud - look up how they were treated when population actually held elites accountable.Suddenly solutions for economy to get better would be miracolously discovered.

[@SamuelMwangi-i7d]

The 1% contribute 46% of the government sending while the bottom 50% contribute 2% as they are the same people receiving more from the government. Private business contribute 85% of usa economy with government contribute 15%

[@zeitgeistx5239]

Because people like you supported the hollowing of the tax base. You live in a world where billionaires don’t need to pay taxes because the IRS physically lacks the budget to audit someone that might need thousands of auditors and lawyers to audit.

[@renaissanceman5847]

what middle class? there is no more middle class

[@ClementRusso2]

Don't fret, the debt ceiling always goes up. I wonder if 2008 crisis survivors had it easier. I'm concerned about the stock market, I've lost $35,000 this month, and my income is down. Worried I won't save enough for retirement as I can't add to my savings.

[@AlexanderDanielley]

Hello! who is the consultant that assists you with yours and if you don't mind, how do I get in touch with them?

[@antonnohr]

@Jason9o669 She seems quite knowledgeable and well-educated. I just Googled her name and found her webpage. Thanks for sharing!

[@Thetreetroll]

Your house of cards won't hold up forever.

[@djmayna87]

The next financial crisis won’t necessarily bring America to her knees. The **response** to the next crisis may. When met with the next fiscal crisis, politicians will face a figurative fork in the road. They can turn back to sound fiscal policy and free market principles, or charge headfirst into socialist like rule. My guess is they’ll do the latter. - universal basic income - direct price controls of goods and services - nationalizing banks - direct government control over the federal reserve - taxing unrealized gains - wealth caps The list goes on. The next crisis won’t necessarily in and of itself bring down the house of cards, the response may.

[@curtisjeffries9630]

These politicians have been playing hot potato for a long time now, but it's got to explode. 💥 🤯💀

[@thisisaname5589]

@@djmayna87 Let the streets run red. This corrupt nightmare must be destroyed.

[@mathisnotforthefaintofheart]

If this "house of cards" fails, there will be a lot more victims in the world than just Americans

[@Brett_S_420]

If things keep going like they are, the Trump cult TRAITORS will either start another civil war or attempt another coup to create their fascist dictatorship anyways... The rest of the world should get ready to destroy us because if you know history, the Nazis were coming out of a deep depression and started making weapons only a few years before invading Poland. Imagine what they would have done with our military budget and hardware ...

[@colechapman6976]

So why can't the government just get a better job? Or move in with it's parents? And if the debtors come knocking, the US should just turn off the lights and pretend were not home

[@egyptnz27]

Who exactly are you talking about

[@metagde6402]

Who are the debators and why exactly would they come knocking ? Thats the stuff theres no debt collector thats why theres so much debt

[@JamesR1986]

@@egyptnz27 it sounds like he is satirizing the libertarian idea that governments should be run like households.

[@CmdrTom]

US knocks on England's door. Hey, I'm moving in to your basement. Send down some pizza rolls.

[@iamtheoffenderofall]

The LARGEST holder of US debt is us. The American citizen.

[@Brownyman]

Ah yes! The old “using the credit card to pay the credit card bill” trick!

[@Africanhorror]

what could possibly go wrong

[@hermeslein6614]

yeah that's what you get for stealing our gold in Philippines Murica

[@SlowhandGreg]

Shame a household doesn't get to print its own money which it uses as a worldwide barter system otherwise it would be a slam dunk of an analogy. Debt is 28.6 trillion you could cut it to zero in 5 years if you wanted to

[@peterbelanger4094]

They are just printing "trillion" on a piece of metal. A coin that is ACTUALLY $1 trillion worth of Platinum would be 10 feet thick and over 100 feet in diameter. It's like using a child's drawing of your credit card to pay your credit card bill.

[@cu7695]

It's like maxing out your credit card and then increasing your credit limit to make you feel rich. The issue will rise when you can't even make minimum monthly payment to WTO

[@AliceAnderson-in1et]

I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time .This comment serves as motivation for all those who have invested and continue to invest in cryptocurrencies with so many losses, do not give up, cryptocurrencies can change your life. Do your best to connect with the right people and you will surely see changes.

[@MamieEvans-dp6sc]

I'm new to cryptocurrency and don't understand how it really works. how Can someone know the right approach to investing and making good profits from cryptocurrency investments?

[@IsaacClark-j7h]

As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.

[@AliceAnderson-in1et]

As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Alex Gomez. A widely known crypto consultant

[@MamieEvans-dp6sc]

I'm surprised that this name is being mentioned here, I stumbled upon one of his clients testimonies on CNBC news last week...

[@AliceAnderson-in1et]

I started working with Alex Gomez back in June, and my financial goals have never been clearer. It’s like having a strategic partner for my money with a solid track record.

[@skipmatsey7738]

We must borrow in order to pay our debt. The definition of a Ponzi scheme.

[@chriss4365]

the real scheme is the dollars they borrow the fed prints out of thin air. The fed doesn't actually have an account full of idle dollars.

[@Skipbo000]

Borrow? Borrow from who? We're the only ones who print the dollar bill.

[@patchrat1]

The central banks have been running there Ponzi scheme since 1913 printing IOUs called federal reserve notes I vote for default

[@noeldiaz4933]

Just called Chase Bank. Told them I can’t pay back my maxed out credit card, to raise my limit instead.

[@jimmyboy1582]

Lmfao they did they same to me

[@ryleeroseborough7885]

Yes because macro and micro economics are one and the same

[@angelgjr1999]

Many creditors did exactly that last year.

[@h3e44]

Yaaaassssss

[@goodbodha]

i hope you have also spent the past few decades telling your employer to pay you less because you dont think you want to take their money. We should spend within our means but we should also tax at a rate that covers our needs.

[@beyondborderfilms4352]

The trillion dollar coin sounds like something you find in a Simpsons episode.

[@patrickhanlon932]

It was a 1 trillion dollar bill, if I remember correctly. Homer Simpson and Mr Burns stole it from the US government somehow and flew it to Cuba where it was taken from them by Fidel Castro. This all actually happened in an episode of The Simpsons.

[@quidproquo0]

@@patrickhanlon932 madness.if it happened in the simpsons its only a matter of time before it happens in reality...

[@strongcool]

Cool

[@c4call]

In other words, our government is more of a joke than a Simpsons episode....

[@bobbychin2929]

@@c4call if I may add... Just stick to the rule of law. All the special coin needs is for Congress to direct the government to legislate: That this special coin (just define what) is worth 1, 5, or 10 (up to POTUS to say) trillion USD. It is like printing money. Who decides how much, what denomination, etc... Does it matter? Simple Economics 101 stuff!

[@Harperrr.99]

what can I do? I have been disabled since 2009 and I am 58 years old at the verge of retirement. My portfoliio of $750k is down to $492k, How can I profit from the present market" , I mean I've heard of people making upto $250k in couple weeks during this crash and I'd like to know how.

[@devereauxjnr]

The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.

[@MrGravity304]

@@devereauxjnr Factos!! Since the market became extremely volatile and pressure increased (I should be retiring in 17 months), I took the decision to work closely with a financial advisor. It has already been 9 months and counting, and I have made approximately 600K net from all of my holdings.

[@freedomisEexpensive-08]

That's impressive! I could really use the expertise of this advisor.@@MrGravity304

[@MrGravity304]

@@freedomisEexpensive-08 credits to NICOLE DESIREE SIMON, one of the best portfolio manager;s out there. she;s well known, you should look her up

[@freedomisEexpensive-08]

I looked up NICOLE online using her fullname and researched her accreditation. She seem very proficient, I wrote her detailing my Financial market current position, goals and scheduled an appointment. Thanks@@MrGravity304

[@iosvanydalmau9872]

The kids are in charge of our home’s finances. My favorite quote is “One goes into debt slowly, and bankrupt all of the sudden”

[@RNA0ROGER]

A US debt default is a matter of when not if without major reforms of mandatory spending

[@server1ok]

It's like when water freezes.

[@Madmoody21]

@@danielsteel9757 It might be good for us comon folk. Serious without being able to endlessly print and spend your savings in your countries currency will have some stability.

[@iwanchandra3295]

if bankrupt then voila no more debt to worry

[@elvisgonzales6387]

@l , thank you

[@manoloborja388]

The fact it's on the table is insanity.

[@hermeslein6614]

proof that america is slowly declining and failing so bad bye murica

[@cu7695]

It's on table because treasury knows that it doesn't hold any actual value but a perceived value. This is a cop out mechanism at best. We talk about China manipulating their currency this is the same thing. Future generations will never know why their currency was devalued. Moving away from Gold standard was a mistake

[@chuanyong5442]

@@cu7695 Can't agree more. Bring back the gold standard.

[@Natalieneptune469]

I am aware that continuing to invest during periods of volatility can be a smart way to build wealth. I’ve heard testimonies of people accruing over $250k in this red period. What measures can I take to achieve this?

[@Robertgriffinne]

It's a delicate season now, so you can do little or nothing on your own. Hence I will suggest you get yourself a professional that can provide you with entry and exit points on the securities you focus on.

[@PhilipMurray251]

Trying times are ahead, and good personal financial management will be very important to weather the storm. It would be very a innovative suggestion to look out for Financial Advisors like " Jennifer Aaron Marcontell , who can help shape up your portfolio.

[@corneliajennins5714]

@@PhilipMurray251 please how do i find Jennifer?

[@veniceblackwood2931]

@@PhilipMurray251 Jennifer really seem to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her

[@couragecrusader7649]

@@veniceblackwood2931 scam

[@kathleenjames3546]

Every financial goal requires patience, Dedications and Consistent spirit knowing That investment is currently the most lucrative business in the world, both NFT , Real estate and crypto shares are really positively changing people's lives.

[@philipturner7505]

Easy way to build wealth for the next all generation is to consistently invest in trade , and watch them grow ?

[@jacksonjames6893]

It quite interesting to know over 97% of the billionaires we know are all secret investor in crypto, that were they grow their billion dollar portfolio ?

[@piersmorgan64]

Majority of the people are unaware,and careless, when it comes to trading. Despite the fact that it should be the best way to watch your money grow?

[@wilmafite7797]

@@piersmorgan64 Bitcoin doesn't always assures winning, the ability to make profit off your capital is what makes you win.. Stop relying on the market price to make profit. Choose trading ?

[@paulinesmith7150]

I truly agree with you on that, I must say trading is the future and with the way Bitcoin is growing, it's really advisable for people to trade now.

[@elevatedapples]

Federal Reserve: “Don’t panic , we’ll take care of it” - *Cuts to Jerome Powell going ham on the printing press* -

[@nuterra9143]

lol🤣

[@joseph8275]

How does Powell not look like Schwarzenegger yet?

[@paulornascimento]

@@joseph8275 hi

[@knpark2025]

Brrrrrrrrrrrrrrrrr

[@philipm3173]

@@knpark2025 correction: Brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr

[@james_giant_peach]

Mr beast be like “Today I’m going to be giving a trillion dollar coin to the worlds most indebted country”

[@Who-cu9eu]

This is why we need XRP

[@Kevinventura124]

Lmao no cap 🤣

[@FinancialShinanigan]

As financial gurus like to say, the U.S. government should start making coffee at home and not flush $5 down the toilet by buying Starbucks.

[@SlowhandGreg]

I looked at healthcare a while ago Canada spends 10.5% of its gdp on a unified system the US spends 17% with millions uninsured and point of care being the emergency room. Its currently a system built to gouge every dollar it can from its citizens

[@slurpii4669]

America cannot stop its consumerism habits because its economy is based on the services sector so if consumerism stops the gdp will fall

[@scottward1002]

What do US government lives in your home and you were at don’t forget that

[@sams8502]

Imagine picking up a coin on the street and it’s worth 1 trillion dollars. I’d buy Australia as a private island.

[@Milky_Nguyen]

I get what ur saying, but Australia isn’t worth 1 trillion :p

[@Smp88]

Bitcoin is kind of like that if you grabbed them in 2010 :)

[@laanglr]

Joke's on you, it's full of British prisoners!

[@BELIVE114]

Genius idea as usual, well done america

[@jonathanng138]

@@Milky_Nguyen 2 trillion

[@nickalvaro5834]

I love how none of the solutions were to reduce spending and slowly start paying back the debt

[@PK-tt5kk]

Its not about paying back the debt. the real thing to look at is whether the debt taken grows the economy of the country. USA going into 2-3 Trillion debt in Afghanistan was a total waste.

[@stinger15au]

I was thinking the same thing lol. Government debt on it's own isn't a huge problem, but it's fiscally irresponsible to just spend without any thought of the long term consequences. At some point it will be crunch time, it might be at 50 trillion, 100 trillion, but at some point investors will stop buying bonds. It's clear now though, the debt is never being repaid.

[@MrHellweasel]

@@PK-tt5kk It is not ONLY about paying back the debt. If you never repay anything and instead only raise the debt ceiling, at some point the rest of the world will not look favorably on the dollar.

[@r3dp1ll]

@@PK-tt5kk not for everyone. Same for the "pandemic"

[@christopherhamm3181]

Well this is for money already spent, so we have to pay it regardless. Plus, where do we cut? I'm ok with trimming the pentagon budget, but a lot of people aren't. I'm not ok slashing spending on already underfunded social programs that even more people will need during this "cut spending" phase to better pay on the debt. 🤷‍♂️ We're all screwed.

[@darssmare915]

Strange how continuing to pay the dept obligations but reducing gov spending was never considered here as a solution! ;)

[@Ekowal1965]

Just put the White House on Air BnB LOL

[@ohyeahyeah-xt1zr]

They don't like that solution 🤣 They prefer the bandage.

[@darssmare915]

@@Ekowal1965 or maybe Zillow can still borrow ... and overpay for it!?! ;) LoL

[@1979pmiller]

@Darss Mare it's so refreshing to hear common sense. I swear it's so rare these days. Peace ✌

[@donhuang9855]

It's covered under the term "National Security", and nothing is ever too low for consideration in the name of National Security. It's the kind of sacrifices the US politicians love to brag about to the US citizens, and if this fails to convince them, there's always the fear factor like the China / Russia threat to US jobs and ways of lives.

[@chaoticrealm777]

A trillion dollar coin🤣 At least the Germans could use their paper cash to keep them warm during the winter when they faced hyperinflation in the 1920s.

[@matthewhuo6543]

Economic collapse, death spirals, depression level unemployment, hyper inflation, global recession, and basically the collapse of human civilisation on the basis of simple time series analysis at the level of a first year introductory undergraduate macroeconomics unit. Although the English economy is set on a post-Brexit path of long-term decline, the world economy is in better shape than Dr Doom suggests.

[@ebonicalbert5711]

There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.

[@williamadams2361]

@@ebonicalbert5711 I'm sure the idea of a coach might sound generic or controversial to a few, but new study by investopedia found that demand for portfolio-coaches sky-rocketed by over 41.8% since the pandemic and based on firsthand encounter, I can say for certain their skillsets are topnotch, I've raised over $650k from an initially stagnant reserve of $150K all within 14months.

[@donaldkelk]

@@williamadams2361 I've always been fascinated with investing and I need to start now. I will appreciate any tip or pointers please?

[@williamadams2361]

@@donaldkelk 'Debbie Pattinson' is actually the one that guides me, she's a highly-sought out adviser, so I'm not certain she's accepting new intakes, but you can give it a shot. It wouldn't be proper to just leave her number lying around, but she has a webpage you can look at if you google her name.

[@williamadams2361]

INVEST DEBBIE PATTINSON

[@marksample6230]

How about reduce spending? Oh, nevermind that's just for the plebs.

[@YosafatNugraha]

Certain group of people from certain country need their annual budget

[@Thaijler]

They secretly hope we spend more. It redistributes the wealth upwards and generates more taxes.

[@MichaelDavis-mk4me]

@@Thaijler And create crazy inflation, destroying your economy? Great idea.

[@Thaijler]

@@MichaelDavis-mk4me Its not us spending that creates inflation. Its the government printing rediculous amounts of money

[@dcptiv]

You cannot stop the american world police war machine & trying to spread "the american way" that so many countries want nothing to do with.

[@MrLoobu]

I wish I could extend my own credit limit indefinitely, and print my own money to pay people back! LOLOLOL!

[@thinkingoutloud3757]

The government can only "print" more money by getting into more debt, because they "make" more money by borrowing it as credit. The whole thing doesn't work without more debt. It's a massive collapse ready to pop.

[@mumu2635]

U can, if you have the biggest sticks:)

[@MrLoobu]

@@thinkingoutloud3757 The American dollar is used as the worlds reserve currency, as you say its backed up by nothing, a giant ponzi scheme.

[@goico_zfr]

get a credit card to pay for the credit card you got to pay for the credit you credited.

[@donhuang9855]

You can, provided you can always fool people into believing that you can be trusted to pay the monies back, by hook or crook.

[@travissmithoh]

The saddest part is that the debt ceiling will never come down. Move it from $20T to $28T, but the powers will push it past $30T in a couple more years with their new crisis.

[@freyawildesciencefictionau8156]

Secede. THere is nothing more "american" than secession. And seceding is the only answer.

[@travissmithoh]

@@freyawildesciencefictionau8156 Secession would only be agreed to if the seceding area would take their share of the debt. I would like to see it but it would take forever to reach an agreement, look at Brexit. And the EU hasn't been together all that long.

[@Shadowed007]

@@freyawildesciencefictionau8156 Supreme court wont allow succession.

[@jherc12990]

Then $40T then $50T

[@aleksandersuur9475]

The very concept of a debt ceiling is pretty silly, at least in modern context. Back in the days of gold standard it was a different matter, but these days you don't so much pay back debt, but inflate it to non-existence. Debt, or printing money - same thing really, is just a different type of tax now, one you can raise without seeming to raise taxes. Of course it's only ever going to go up as an absolute figure, countries will no more pay back debts than they pay back taxes collected.

[@tylerreeves3844]

The fact the idea of a $1 trillion dollar coin is being entertained really explains why we are in this mess in the first place

[@Bloated_Tony_Danza]

Three questions: 1) how is this different from printing a $1,000,000,000,000 bill? 2) Who is going to accept a $1,000,000,000,000 payment with only a few thousand dollars of platinum? (or whatever metal they mint it in) 3) Why do I work hard to earn money when others can magically create it?

[@walden6272]

Regarding your #3 point, that is exactly what is happening with all these nonsense with cryptos. There's tens of thousands of them and some random cryptos made people billionaires out of nothing. Stupid.

[@zioncommand]

Platinum would go crazy! People will be stealing catalytic converters in broad daylight without care of consequence lol!!!!

[@Acekiller22]

3. Because as an American citizen you need to pay tax, and the tax is denominated in USD, if you don't pay tax, the IRS will bring you to jail, it is simple as that, this is how you create demand for something that has zero intrinsic value, aka monopoly money

[@aycc-nbh7289]

1) They’re pretty much identical. 2) The Federal Reserve is required by law to accept it. 3) Because we don’t live in a mercantilist system and having a finite amount of money in the system only means that making money comes at the cost of others losing it. Our current system allows new money to be created through loans issued by banks and through natural inflation through minting new money.

[@iamajaystevens]

@@walden6272 bitcoin is different. crypto is a scam but bitcoin is money

[@hifijohn]

Back in the 80's this is the type of stuff we laughed at third world or central american banana republics at, who would have thought we would become one of them.

[@crosswire7777]

You're comparing a country that produces Apple to countries that produce bananas. You know how much cash FAANG carries?

[@hifijohn]

@@crosswire7777 The greatest thing america produces is debt.when you have almost $30T in debt and just the interest alone is what the GDP is of some small countries, when your trade deficit alone is well over 1/2T per year,When you have a system where the wealthy control the government, when you constantly on the verge of defaulting on your debt,trust me you have a banana republic.

[@crosswire7777]

@@hifijohn i guess you never heard of modern economic theory. Yeah i agree we are far from a utopia, but things are never as bad as the average doomsday youtube commenter makes it out to be. You can read up on modern economic theory and trust the system, or you can go further down the demotivating rabbit hole you're in, the one leading to insanity

[@crosswire7777]

@ThoughtCrime you seem to know a lot more. You have me convinced and I fully support you. You should take a stand and share your wisdom on a bigger platform than just the youtube comments, and be the one that writes history for the better

[@99cooking.]

Not so funny now is it buster

[@seana806]

This is what happens when things keep on getting added to the tab and aren’t payed off.

[@donhuang9855]

This accounting practise is also known as American Exceptionalism - Do what I say, but never do what I do or else all hell breaks loose.

[@fernandorodriguez876]

very intelligent observation there Einstein

[@JanLCn]

Worse. The tab is accumulating at an exponential rate

[@futureisyours3016]

Exactly, we can't expect to keep on sinning and hoping that the Saviour pays for it.

[@WilliamSchlott]

You know we are in trouble when the cheerleaders at CNBC are warning us.

[@misubi]

Printing money is what every civilization has done until they collapsed.

[@jonn1334]

The truth is American paper money used to just be a note which represented a certain amount of precious minerals. Now that is not the case, money is just printed federally and the only value it has is because as a society we choose to ascribe value. So at any point it could suddenly be valued as worthless due to the lack of anything tangible to back it up.

[@cash2374]

@@jonn1334 money got me cars , I still a got a card , why u want them to stop printing ?

[@ssspottyyy]

@@cash2374 he never said he wanted it, he’s exactly right

[@cash2374]

@@ssspottyyy a I got account, an old cash stack I love both

[@owlright]

*Everyone freaking out about the debt almost reached the limit *US government raising the debt limit *everyone calm and suddenly forget about the topic Repeat for enternity...

[@baronvonjo1929]

Basically

[@mumu2635]

You know it's not sustainable, u can't just rely on printing sooner or later usa will default. China not buying treasury anymore so do other nations

[@Metalshark100]

@Shinshocks it shouldn't be sustainable. the more money the US prints the lesser the US dollar will become, inflation will forever go up and the minimum wage will have to keep rising as a result. all they're doing is putting more bills into the economy but lessening the worth. its essentially making no difference except giving the government more temporary money to play with until half of the population is homeless.

[@Metalshark100]

@Shinshocks there is something wrong with inflation, prices rise but not all jobs rise with the minimum wage either. more bills get put into the economy but the people who most benefit from that are the rich. the poor people and working class will get a lower percentage of the bills printed or none at all. take for e.g. here in the uk. inflation has made the minimum go up for years, yet some jobs are still offering the exact same pay since 5 years ago, when every other role has raised their annual salary. those are the people who get hit the hardest. this is what will create homelessness or lack of labour. it's a poorly thought out distribution system, the only thing its good for it getting the government out of paying any debts owed and lining the pockets of the 1%. you think people will stay in those bad paying jobs? either they stay and suffer or leave and create lack of labour. businesses die and this creates less jobs. its a cycle dude.

[@2ruthfox82]

All of Congress needs they’re assets liquidated. Present and former. As well as presidents. That’s would send the necessary message.

[@tktimber418]

Wrong there their they’re

[@CTOInformation]

kzbin.info/www/bejne/e2nIknx5drR8pKM

[@JA-ob6zz]

$TKING TO THE MOOOON 🐯🔥🔥

[@JA-ob6zz]

$Tking to the moooon 🐯🔥

[@blogintonblakley2708]

The new debt went to rich people... capitalists to guarantee their losses during the pandemic. Get that? Rich people pressured Trump and other politicians for tax breaks and bailouts. The fed created money and handed it to big banks and corporations because they were pressured to do so by the ultra rich. Almost none of the new debt was used to actually help the country... just rich people.

[@pppppele6987]

Mrs Maria Jones is legit and her method works like magic I keep on earning every single week with her new strategy..

[@tony1bet99]

Thanks for introducing me to Mrs Maria Jones

[@tony1bet99]

I think that she is the best broker I ever seen

[@gloreal1292]

Mrs Maria Jones is obviously the best, I invested $3,000 and she made profit of $28,000 for me just in 15 days

[@gloreal1292]

Her success story is everywhere

[@silvabecky8484]

Mrs Maria Jones is obviously the best, I invested $3,000 and she made profit of $28,000 for me just in 15 days

[@npc2480]

There is an awesome documentary that explains what’s happening in America, it’s called “Idiocracy”.

[@marshalljulie3676]

Funny but true they acting exactly like in the movie

[@npc2480]

@@curtbrockhaus6131 crazy and gullible. Rev: 911

[@sidneysoon2745]

@@marshalljulie3676 President Camacho

[@irenakaleva1171]

A guy wakes up in someones house and sees a man is hit in the nuts on TV

[@suntzu1409]

Its called "idiotness"

[@henryclinton9317]

There might be an economical turmoil but there is no doubt that this is still the best time to invest.

[@lucythompson5841]

Best time to invest? thats funny tho because in the last four months I have lost more than $47,900 in stock market which is the biggest I have loss since I ventured into stock investment.

[@henryclinton9317]

you could be right or wrong depends on your expertise, I once made such loss when i invested thinking i have gathered enough trading skills from youtube videos

[@henryclinton9317]

but i was lucky i finally met Tamara Diane Hagan , a professional stock broker , i have been able to add $240,000 to my portfolio within 5 weeks

[@jamesmaduabuchi6100]

Really? people are cashing in from the stock market and frankly speaking its comforting seeing someone admit to the fact that they actually seek help from professionals. please how can i reach Tamara ?

[@henryclinton9317]

search her name on the internet to reach her

[@tedpaulus]

“We need to take out more debt to not risk not paying the interest on our existing debt.” This is exactly the same as a consumer taking out ever new credit cards to pay the interest on their other credit cards. We all know the only real solution is to reduce ones spending.

[@mattlambert6740]

Or drawdown the assets on the banks balance sheets. In this mess we are in it’s a standoff between the institutions and the people/producers and it’s going to have to be the banks that take a hit. Just one persons opinion.

[@torfistrom4549]

You could juggle it in the past it’s no longer allowed for the poorest 15000 or middle class30000-90000 seperate rich 200000-1mill kinda can do it. The super rich (1billion up) tho my my you pulled out a escrow on that bond ( government loan) to buy a Cruze liner no problem sir!

[@texasray5237]

That would have been the solution 50 years ago. The solution now is starting a war somewhere to wreck the economies of creditors and then ripping them off by selling them LNG at exaggerated prices.

[@etep878]

I'm not a fiscal conservative but a $30 trillion debt scares the living hell out of me. Better start spending less and less, Congress.

[@johnathin0061892]

Anyone who doesn't find it scary is an idiot. Which, sadly, is the majority of the population.

[@Tokamak3.1415]

"in the absence of other options" hahahaha. There is little wonder why so many Americans live paycheck to paycheck when their own government can't even understand the concept you could theoretically spend less than you take in. "In theory" hahaha. We're screwed.

[@neilkurzman4907]

You act like that the voters of the United States are not part of the fiasco. They don’t want their taxes raised. In fact they want them cut. And they don’t want any services cut. In fact they want them added.

[@phastfire]

@@neilkurzman4907 lmao you cant cut taxes when corpos arent paying them in the first place, what are you talking about

[@henrygustav7948]

When you don't understand federal finances...should not and does not work like household budgets where you need to spend less than you take in. In order for households to be able to spend less than they take in then the Federal government MUST spend more than they take in.

[@neilkurzman4907]

@@phastfire Reagan had tax cuts Bush tax cuts Trump had tax cuts. So apparently you can. As long as you can keep borrowing.

[@Tokamak3.1415]

@@henrygustav7948 That's a load of Keynesian BS that Krugman and his ilk feed the pro debt lifestylers. The country had no problem living within its means for nearly 2 centuries. Then entitlements and pork project became a lifestyle. The interest on the debt exceeds the tax rolls over 15 US states combined. If that money was being wisely spent towards projects that give people back time (the one thing money can't buy) then there could be an argument for it. Instead we have 100s of Murtha airports and a government that subsidizes sugar and HFCS despite diabetes burning through more of our GDP each year. Congress are selfish short sighted fools and the American people at large put them in power.

[@chrisf.9350]

What would happen if the Federal government actually restructured the budget based on the money THEY ACTUALLY BRING IN?? Someone needs to own this and fix it.

[@falloodaboy]

It would mean a lot of angry Americans and the most vulnerable of us suffering. The Fed could literally do this this second by raising the federal funds rate, or by increasing the discount rate and then Congress raising taxes just to pay back the debt. I imagine only a few people would be happy with that.

[@chrisf.9350]

@@falloodaboy I bet you’re right. But, hunkering down to pay off debt and correct spending problems is never comfortable. Unfortunately, if spending continues at this rate, we’re all going to be suffering when those debts finally come due.

[@jirislavicek9954]

@@falloodaboy Government would have to stop showering the "most vulnerable" with money and let them get back to workforce and grow economy that way. Keep social system for those who genuinely need it. Elderly, disabled etc. Cut spendings on various government projects including military. Strict anti lobbying laws, anti monopoly laws ru cut crony capitalist deals. Introduce BALANCED budgets based on what the economy can afford not on whe "We think we need".👍

[@frankenbeans9346]

@@falloodaboy well sometimes you gotta sacrifice, but once this bubble pops we're all gonna have to struggle.

[@falloodaboy]

@@jirislavicek9954 I honestly agree with everything you said. Unfortunately, regulatory capture has become really entrenched in our political systems. Also a significant portion of our budget goes to the disabled and elderly, which leaves little for discretionary spending which is why Congress raises the debt ceiling. Add to that the recent tax cuts for businesses, it's honestly no surprise that the debt ceiling is being raised again. I think reasonable taxes need to come back for the uber wealthy along with reduction in government programs for America to get back on top. We use the generated taxes to pay back the debt and restore trust in our financial system.

[@carknower]

It’s all a show. Just print the money and get this inflation show on the road already

[@DrunkenSocrates]

Good luck actually having a future if this is the case

[@Xari0n92]

@@DrunkenSocrates our future is allready screwed because of the unelected bureaucrats have power over the money supply... there is nothing as infinite as human greed we need a gold / btc standard then we can finaly recover and all the bad buisnesess will be whased out sound money is what we need

[@ilebillybobjoe]

@@Xari0n92 ok doomer

[@sowishful]

@@Xari0n92 we really need a revolution. I still don’t understand how the American people doesn’t stand up. 300 million+.

[@goico_zfr]

Canadians watching this like: hmm interesting.

[@sarahfleischer5064]

I recommended a professional broker to you guys sometime ago, can I get a person who invested with her Comment below Let's go

[@dirkhertz3401]

who is this professional broker and how would I be able to get in contact with her.

[@markusmoench8519]

No doubt mrs Maria Trading Services is very good, I invested $5,000 and cashed out $14,700 after 3 weeks. I still wonder how they get their analysis

[@torstenfrey4396]

Yes dear

[@torstenfrey4396]

about six months of trading with Mrs Maria has been profitable and life changing

[@sandradrew9505]

I can't believe I was able to have $31,000 worth of bitcoin in just 2 months and half of trading with Mrs Maria trading services. I came across some nice comments about her here on KZbin and I gave it a shot! I didn't believe in bitcoin before

[@sunshineimperials1600]

Liquidate the governments assets.

[@chiquita683]

sell all of congresses stock portfolio and give it to the treasury, that would close the entire funding gap

[@HappyfoxBiz]

can I buy you? you technically are an asset

[@HappyfoxBiz]

@Bon Goaie begon vietcong

[@EroticOnion23]

Start with the dems' security detail, since they want to ban the 2nd amendment so much...

[@privateerburrows]

@@EroticOnion23 I second that emotion.

[@JOHN.hennry]

The Simpsons predicted this! Mr. Burns might try to steal it, so be careful! 😂

[@Indikissa]

You beat me to this

[@gloshiv2381]

Did they?? Omg sick

[@mayhemmike1789]

Yo, the simpsons be predicting the whole game plan brah!

[@stevenpreston5619]

Which episode?

[@arcodax3302]

@@stevenpreston5619 The Trouble with Trillions- Temporada 9 Episodio 198

[@julianj9830]

2008: Exists Feds: Hehehe money printer goes brrrrrrr

[@Izralights]

Ur not funny

[@julianj9830]

@@Izralights Neither is the debt ceiling

[@Izralights]

@@julianj9830 try again

[@Hey..._Nope]

@@Izralights he is, funnier than you

[@joulewilliams1813]

Nice video,was quite engaging right from the start to the very end, indeed its a good time to invest in crypto.

[@mathiassergio5449]

I'm new to this whole cryptocurrency and forex trading and i have been making few loses, but recently i see a lot of people earning from it , can someone please give me a new strategy or at least tell me what I'm doing wrong?

[@markdonald3251]

@@mathiassergio5449 All you need now is a professional trader else you are going to continue making losses.

[@derekpatton6527]

It’s ok we can just chapter 11 that sh*t😂😂

[@chancellorasher9417]

Nah it’s called bailout

[@donhuang9855]

Simply follow what Trump always does - declare the USA bankrupt and demand all the US creditors to take a deep 'hair-cut' , e.g., USD 0.01 to 1 USD, or sue the global community for entrapping the USA with easy loans.

[@SeanRambo]

Lol its not like it's student loans or anything

[@torfistrom4549]

@@chancellorasher9417 how do you bail our the central bank exactly? That’s right taking everything that dose not hold debt to pay

[@chancellorasher9417]

@@torfistrom4549 trust me they’ll find something out plus it’s not just USA gov that’s gon bail them out…

[@Garrett_Bear_Stap]

In 2 or 3 years they will be talking about a 5 trillion dollar coin and my rent will go from 750 to 1600.

[@NICK20ty]

more like 2000

[@danielgonzalez5787]

For a room and no kitchen previliges 😅 make sure to buy a microwave, if you can afford it 😔

[@hsy831]

Lmao

[@r3dp1ll]

you'll own nothing and you'll be happy (World Economic Forum)

[@joeldavis5815]

$750 rent? Where do you live? In a cardboard box in rural Mississippi?

[@EitaBabi]

“They are representing us! We have these disagreements!” as if they have ever represented us before…

[@jona.3809]

What needs to be done is cut unnecessary spending, negotiate for better prices from the city to the federal levels & not accumulate anymore debt.

[@alecgurney9305]

The south will never use again

[@jona.3809]

@@alecgurney9305. I presume you want the 1 trillion dollar coin to be minted?

[@farhanpatwary9345]

And no more interest

[@jona.3809]

@@farhanpatwary9345. Yup. Usury is evil.

[@quantumjourney1]

@@jona.3809 I presume your parents are brother and sister?

[@phathuevos697]

Maybe instead of debating more spending or taxes we do a better job of allocating it instead of giving the military half the tax revenue to ruin peace around the globe

[@dannielcruz460]

Kinda if we decrease our military some country might go crazy even more no country is peaceful

[@pranaym3859]

@@dannielcruz460 Who cares If its their problem they can slove it and everyone have allies, also US isn't the only country with military It's time to US mind own business to make home much better place It's exactly why UN is created, let's make it strong together

[@sotirmilivojevic6233]

How are you going to steal resources from other countries without military?

[@dannielcruz460]

@@pranaym3859 but the UN is a failed party also I do agree we should focus more on our land instead of spending over seas but there are too many fully corrupt countries with so much military power now and technology is surging everyday. UN is a failed Nato is eating money EU is corrupt

[@krto7663]

@@pranaym3859 Guess where refugees of all those new wars will go

[@aj402]

I completed 600 level economics courses at one of the best business colleges in the country and I have no idea what these “geniuses” are doing.

[@floorskin1]

Neither do they.

[@danielgonzalez5787]

They're shearing their opinions so when one of them ends up being right they can write a book about it.

[@trenton7]

AOC has an economics degree and doesn’t know what the hell she’s doing as a congresswoman.

[@oweny7814]

@@trenton7 she has an economics degree? I thought she was a bartender? Well I mean fair enough. Having a degree doesn’t mean you have brains. Just means your good at following directions, and I’m working on my third degree right now.

[@oweny7814]

Did you go to A&M?

[@apollothefirst]

I dont know about yall, but this sounds like the start to an insane inflation…

[@andreasghaglund3429]

Already begun

[@paulc858]

Inflation is already here. It’s only the beginning. That’s what you get for printing more money. Now they want to print 1T coins. Give me a break. Government is screwing all of us.

[@jamesnguyen7069]

crypto,....

[@billw8476]

even biden admitted we should prepare for a "dark winter", even tho he is the one who created it.

[@thanospatrick9093]

"I used the debt to destroy the debt. The ceiling is now gone, reduced to atoms."

[@Chris-ye2gl]

thanos spotted

[@jeffboone7959]

It nearly killed me.

[@rreagan007]

Honestly, the U.S. Treasury Department creating a $1T coin and depositing it into their account at the Federal Reserve doesn't sound much different than the Federal Reserve creating $1T and buying $1T worth of bonds created by the U.S. Treasury.

[@Madmoody21]

It Circumvents the fed somewhat like Abraham Lincolns green backs same ability to make coinage is reserved buy the treasury. I doubt all the investors needed to collapse it if they do do this will pull out at the same time. The filthy rich of the world need someplace to keep their wealth. Gold is single family dominated and truly is not very useful all the other filthy rich fear the Rothschilds clamp on the world gold market. You cannot go anywhere in the western world and buy a weeks worth of consumables without at least 10 percent of it going to some Rothschild based endeavor. French wine Shell oil Gold and precocious metals Shipping Coal power companies media newspapers Museums The bank of London Tea you name it they own something in it. Then it extended to the USA they backed Standard oils start J Paul Ghetty was an agent of theirs probably majority of the fed reserve. The forming of Israel under the Belfour agreement. Real owners of practically everything. Funded both sides of every modern conflict you can think of.

[@squarepeg418]

Lol

[@wgreiter]

Other than inspire yet another high stakes heist movie... where they still all the art, jewelry and heirlooms but leave the bonds and the coin behind.

[@Skipbo000]

now you're getting it. there is no debt. whatever the process used to describe it to the American People bottom line is the us creates money as it needs it.

[@bhe8336]

Why are you assuming the Fed will accept the deposit?

[@amanb8698]

Maybe not having endless wars for decades would be a start. Just a thought.

[@bagelchips3213]

Endless Republican wars. Get it straight.

[@neramaxgamer1776]

World needs more of usa version of freedom 😂

[@orangutan1700]

@@bagelchips3213 Out of last four administrations, three were democrat

[@orangutan1700]

Remember every time you or someone you know was angry at billionaire entrepreneurs for some of their billions? Yeah, the government printed 20000 billion in the meantime. You were bamboozled by the media to be distracted from the fact the government was printing literally infinite money behind your back. Time to start holding the government accountable for its crimes.

[@bagelchips3213]

@@orangutan1700 cherry picking fool. Who invaded Iraq for no reason when we coulda just dropped a few bombs? Woulda saved a lot of lives and money on both sides

[@vining932892]

The government should probably consider filing for bankruptcy, and completely rethink their spending practices

[@32kirby32]

Well trump just cut taxes for the rich A LOT. Not blaming just him, but that cut down our revenue, while we always increase spending. So we “borrow” the deficit/difference with interest. If we made enough from taxes we wouldn’t need to borrow and add interest. Bottom line we need to cut spending and increase taxes. That still won’t be enough but needs to happen

[@vining932892]

@@32kirby32 Democrats are working on cutting taxes even more for the rich right now, the rich calls the shots in both parties

[@laanglr]

They should just pick up another job and try working harder so they can pull themselves up by their bootstraps

[@vining932892]

@@laanglr government employees don’t know what hard work is

[@High_Priest_Jonko]

@@32kirby32 America can't afford higher taxes while we're still recovering from the pandemic

[@Michael-tg4oh]

easy solution: CUT DOWN THE DAMN MILITARY SPENDING!!!!

[@High_Priest_Jonko]

Michael, we need to keep America strong. We can't afford Obamacare, but when I'm president I'll give our military $500 billion more that they're not asking for

[@franceswolf9773]

Hello, I'm new to Biticon trade and I've been makin losses but recently I see a lot of people earning from it. Please can someone tell me what I'm doing wrong

[@milanpickett7419]

all you need now is a professional trader else you will continue making losses

[@franklinfreddy1618]

How can someone know a professional account manager that is trustworthy and legit they are hard to find this days

[@philimenaben8194]

@Lilly Snyder Well, you are saying the fact. I invested $4,000 with Mrs Laura and earned $12,000 in 7 working days.

[@martinsmark4984]

Greetings from Florida, I have read lots of reviews about her in many platforms, she must be a legit woman.

[@patrickdavid1525]

I'm interested in investing with this Mrs Laura Please can I have her contact details?

[@Tuppoo94]

By creating the debt ceiling the Congress essentially relieved themselves of any responsibility when it comes to the budget, and rolled it onto the Treasury's shoulders. It's like having a company where the Financial Controller can run a ridiculous deficit and just blame it on their subordinates who obeyed orders to call banks and get loans for the company.

[@orangutan1700]

Remember every time you or someone you know was angry at billionaire entrepreneurs for some of their billions? Yeah, the government printed 20000 billion in the meantime. You were bamboozled by the media to be distracted from the fact the government was printing literally infinite money behind your back. Time to start holding the government accountable for its crimes.

[@roughhabit9085]

They are going to blame it on Capitalism ( as if that even exists anymore ).

[@danielhutchinson6604]

As more Nations face the same issues, the limits of a Capitalist Social order seem to face the limitations of funds. You can print money and promise to pay ......someday. But now the entire planet seems to be looking at Fiat Dollars and wondering what value the system of Capitalism actually presents? Our Time that we are given to exist on the face of the Earth, is something that is valuable and we should not waste that resource...... The dubious nature of Coins and the Capitalist notion that they are something valuable, seems to reveal itself to be simply an illusion? The use of the Capitalist system to measure our time seems to face some distinct challenge as the number of Humans who have more Time than Money increases. If we simply are forced to fight each other to preserve a social system that measures our allotted time, we seem to have been fooled by those with little time and a lot of money? We seem capable of living without Capitalism?

[@mikeygee7]

Unlimited debt is a perk of having the mightiest military on planet earth, along with the larger nuclear arsenal.

[@RNA0ROGER]

All military spending is a drop in the bucket regarding federal spending. The vast majority of the is "mandatory spending" mostly two major entitlements.

[@Big_Boss14]

@Mike gee *Not even close we are the the Mercy of China they are our creditor own the largest amount of Bonds second only to Japan*

[@ph11p3540]

@@Big_Boss14 Now Chinas economy is now experiencing a debt, and it exploding in size. Question now is, who is China owing money too?

[@mikeygee7]

@@Big_Boss14 ok. You have a lot to learn about how the real world works. You can loan someone something but if you want it back you better hope they honor it or you will have to use violence to get it back. Keyboarding dumb things on youtube is so cliche.

[@TheCoffeeField]

@@Big_Boss14 not exactly. A huge part of the debt is actually owed to US investors. Our portfolios have these treasuries in it so the fed owes us the money for the most part. Also, we are not at the mercy of anyone, if we can’t pay then they won’t be to collect without violence and if violence is what they want then violence is what they will get. Obviously any conflict between the US and China will have catastrophic economic impacts, including the devaluing of the money the Chinese will be trying to collect from us. You see they need us as much as we need them.

[@jamesphilip6737]

Pre-war Germany -"When economic collapse finally came on November 15, it took 4.2 trillion German marks to buy a single American dollar. The social and political cost of the hyperinflation was high. Scholars note that the inflation did more to undermine the middle classes than the ostensibly socialist revolution of 1918."

[@loki76]

Out of that came Hitler and Nazi Germany.. Wonder what will come out of USA and the rest of the world.

[@sunglasserz]

1 trillion coin solution, of course! Next: Yellen gets nobel debt prize🤡

[@charlesludwig8672]

A global world war

[@chesslover8829]

It's all about investor confidence in America's willingness and ability to pay the interest on its skyrocketing debt. Once that confidence goes, the U.S. could very well default because no one, other than the Federal Reserve, will be willing to buy U.S. treasures, and even the Federal Reserve has its limit.

[@deathsite95]

BS Japan and China would be more than happy to buy our debt.

[@Puzzoozoo]

@@deathsite95 Maybe with vassal state obedient occupied Japan, but of late not with China's attitude to the US.

[@carladams9345]

China has its own financial problems and doesn't own a while lot of US debt anyway, in comparison to the total amount anyway.

[@32kirby32]

You 100% correct. Ppl who own bonds and don’t get there very small interest payments will have to sell them on the open market. Causing bond prices to go down and inversely interest rates will rise. Effecting everytbing from stock market, home purchases and corporate loans. Shrinking the economy

[@Ken_from_Mumbai]

China has pretty much taken over New York and Silicon Valley. Just give it to them already.

[@hamentaschen]

"I'm gonna go get the papers, get the papers."

[@GHOST.productions]

Dude LAUGH OUT LOUD!!!

[@wantsome-zs5sq]

@@GHOST.productions You saying he's funny? Funny how?

[@mmcm2609]

@@wantsome-zs5sq Jimmy two times from the movie “GoodFellas”, he says everything twice, in this case We gonna keep on raising the Debt ceiling… the Debt ceiling.

[@mmcm2609]

Legend has it, he is still getting the papers… getting papers.

[@wantsome-zs5sq]

@@mmcm2609 Yeah he's a funny guy

[@DJ-369]

Bro I can see the way the golden light, thank you everyone I can fight my way forward

[@startuptrevor]

It's ridiculous that all anyone in this video focused on is essentially "we need to avoid a default. It's so evil that politicians argue over raising the debt ceiling when they should just continually raise it!" Crazy idea, but how about we focus on balancing the budget and eventually paying down that debt. You can't have a limitless debt ceiling without serious long-term consequences.

[@mumu2635]

Paying down the debt is impossible, it will make America hyperinflation bcs the dollar lost its value. Start another big war maybe can delay the default :)

[@superchuck3259]

Inflation is here.

[@christian8933]

@@mumu2635 How does paying down the debt cause hyperinflation?

[@Acekiller22]

Paying back the debt will cause massive deflation, another 1920s depression episode, civil war, nuclear war all coming, there is no way to pay back the debt, once you pay back the debt plus interest, the money created will disappear

[@joshuawilliams2487]

@@christian8933 he’s mostly talking about the government paying the debt with printed money which causes inflation. To pay off debts without significant inflation we really have to drastically cut unnecessary spending.

[@coose7448]

when the government handles money so poorly that they have a high school level idea to solve their debt

[@SlowhandGreg]

How do you know they are handling the debt so poorly? 3 trillion has been added by the Trump/GOP tax cut so far, Yelland has proposed a global tax rate and nothing will happen without partially or wholly rolling back the tax cuts + closing loopholes and making enforcement a priority. The GOP won't agree to any tax changes even as the debt climes higher and are keen on an increased military budget. I could solve the debt tomorrow with a 5 year plan the issue is unchecked political influence by major corporate America, ex- the IMF recommended a wealth tax to cover pandemic costs in rich countries can you see it even be discussed? Musk was complaining about a proposed billionaire tax while at the same time using a loophole to fund his lifestyle by borrowing against his shares so he doesn't have to pay capital gains (which should be in line with income tax by the way) giving him a clos to zero overall tax bill.

[@MrGanbat84]

Of course US wasting a lot for the military 😂😂😂🥵🥵

[@wyattbarnes9641]

@@SlowhandGreg What will rolling back tax cuts do after the Democrats roll through more never ending stimulus and omnibus spending bills? Their political theatre is working on you. Both parties could not care less about the national debt and use the federal reserves cheap interest rates to fund their constituents goodies.

[@KilgoreTroutAsf]

basic comment of the year

[@momsspaghetti4504]

@@KilgoreTroutAsf best* dont worry bud spelling will get easier when you get out of elementary school

[@JustDisc]

There are definitely some funny looking characters in this video… A sweet old grandma, a scary witch, and a guy with such dark hair, that you think he’s wearing a hat

[@LinLIN-cj1jg]

😂

[@automotivereports1185]

Inglês @JustDisc - JD we are living in a parallel universe where contingent futures are no longer the same, although if they are contingent they would never be the same futures. In Brazil, people still believe that the pandemic will end and everything will "go back to normal"... in my opinion we have been experiencing the third world war for a few months now. God help us all

[@tidy]

NO GOVERNMENT should be allowed to borrow money! Live within your means!

[@churabhok2869]

Aah!!....gone are those days when people used to buy things that they could afford.... Now they first buy and then think if they could afford it or not 😄

[@intuitivestargazer6211]

That is exactly what this plandemic is intended to do. Kick off global reset in which nobody will be able to own anything. Only to be born and die paying compound interest rates.

[@jameswong3533]

[@shu-quinnliao7688]

[@jeffreyrichards8471]

@@shu-quinnliao7688

[@troypaul5608]

@@jeffreyrichards8471

[@jeffreyrichards8471]

@@troypaul5608

[@hudsonrowan2522]

@@jeffreyrichards8471

[@fredrickmiltonthaddeusdoug9747]

Sounds like weimar Republic, can't wait to have my 50 billion dollar bill

[@KASPA-KEY]

Bitcoin 👍

[@Frogfacts4738bd]

Normally, the US gets an inflation of 2-3% and grows 2-3% every year in GDP. This actually helps down melt down the significance of debt (money is worth less so old debts are easier to pay). This allows the US government to borrow pretty much endlessly - as long as the US economy doesn't stagnate like Europe or Japan.

[@jameslegrand2734]

If this was done even 1 time, it would become a go to move for decades to come.

[@Skipbo000]

yes, and it has been. we've been doing this since 2000 when accounting went digital. it's all about changing numbers on a computer screen.

[@bradbloom5649]

The United States Federal Government cannot “not pay” it’s debts unless it literally chooses not to. That CNBC would title their video with a question one would expect from someone with zero understanding on the subject implies they are consciously choosing to mislead their audience with garbage framing.

[@SandfordSmythe]

CNBC is worried about their own financial debts.

[@nacho2998]

I wonder how much do those "reporters" get paid for talking BS

[@maxsmart9116]

Finally someone with sense. This comment section is hilarious

[@SunnyD5057]

"The US requires confidence from global investors" - in other words we need the rest of the world to buy into our con game. The US saying no new debt is like Charles Ponzi saying no new investors.

[@TheEpiCool]

No

[@walden6272]

What would happen if China decides, "Ok, I don't want your paper anymore for my products which my citizens worked hard to make. Give me something else of value, like gold, coal, or other commodities."?

[@vhateverlie]

@@walden6272 literal chaos as the US economy basically collapses and China goes into a massive recession.

[@metagde6402]

@@vhateverlie nah literal chaos with Taiwan declaring independence and china invading it thus either china gets taiwan and collapses or half the world is fked china is fked China-US got half the taiwan China drops dollar US supports Taiwan independence simple as that

[@aycc-nbh7289]

Walden We’re already giving them electric cars thanks to Tesla’s Shanghai gigafactory.

[@johnsonjordan5117]

I am so impressed ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Its no joke Mightyprominers.com has been here longer than most other nvsment cmpnies and stil they do not get enough recognition , this is a fact that needs to travel the world

[@mushrifsaidin]

Lmao America spiraling down the Venezuelan path. Coming up, a quadrillion dollar paper note and bringing a trolley of cash to buy a loaf of bread

[@High_Priest_Jonko]

It's okay, we'll simply vote to delay the debt ceiling again. Easy fix

[@chiquita683]

It hasn't even been a year and the US is in a depression. This is insane

[@jmmywyf4lyf]

Most of us saw this coming a mile off... But, no mean tweets, right?

[@AdmiralFroggy]

Open America back up! These lockdowns aren't working

[@seventhchild7270]

Andro dibox......Honestly speaking and upon research...the United States has been in a pre-DEPRESSION state since 2008!

[@metagde6402]

@@taylorlatch2635 um you are printing trillions with a turbo charged press That printed money goes into your own economy so ofc it increases

[@joshnizzle]

No we aren’t. The economy is booming

[@MeltdownIsland]

I would love to see that debt graph with a line of tax cuts! This is silly without all of the information

[@TheAhmedvienna]

Dude, if you were to tax people 100% it wouldn't matter. Government would know how to spend that and dig a deeper hole. Problem is spending not taxation. Low of high.

[@Prometheus7272]

The graph for debt starts rapidly increasing at 1970 that's when America introduced large welfare spending at that time. Interestingly that's also when real wages stagnated. Funny that.

[@jackmariner]

If we taxed every American at 100% income tax, we would still be exponentially increasing our debts. I’d say our only hope is if we keep spending on the military so our lenders have to physically take it back lmao. We r done

[@joelcanete5291]

The great lesson here is that leaders of the world didn't learn anything from the monetary history.

[@alihaidar5787]

Good job talking about who we owe the national debt to, and bringing in real experts. No real economist would recommend a $1 Trillion dollar coin seriously.. CNBC just feeding us more stuff to disagree on. "Well why don't we print more money?"

[@TellurdogIsayhi]

LOTS of key government economists have recommended it for whatever reason... That's the MO of the treasury and government as a whole. Zero sound financial sense.

[@justincosby2258]

Lmao there are ABSOLUTELY people in this administration considering this. They dont care about the inflation it will cause. Most people are too ignorant to notice or care.

[@mika274]

@@TellurdogIsayhi they are getting advice from professors from Yale and Harvard as well. The government is not the only source of the problem

[@maugaming490]

I hope that you know that when we are talking about "Printing Money" we talk about goverment debt since that's the only way for the goverment to create money. Also we should "print" more money...

[@Skipbo000]

we do and that's what they don't want us to know in specific terms.

[@superfastjeffoftheworld5817]

"IF the U.S. can't pay it's debt"? Please, we wouldn't be at nearly 30T if the U.S. COULD pay it's debt!

[@chrisf.9350]

They could stop all the hand-outs for starters.

[@skbuydens7717]

This sounds like the perfect time to also deal with some major social issues and areas of expenditure as well. Most countries in this situation would have to turn to the IMF and sharply curtain their spending. Maybe it is time for the US needs to do exactly the same.

[@TriggeredWorkz]

Yea we should do the same, but it wont happen because our politicians have no regard for us or what happens. If they can raise the debt ceiling without have consequences, they will.

[@executiveorder7146]

Nope Russia model is to spend more lots more in a down turn

[@orangutan1700]

Remember every time you or someone you know was angry at billionaire entrepreneurs for some of their billions? Yeah, the government printed 20000 billion in the meantime. You were bamboozled by the media to be distracted from the fact the government was printing literally infinite money behind your back. Time to start holding the government accountable for its crimes.

[@judyr.7249]

reducing inflated salaries would be a great start

[@n3cr0ss46]

@@judyr.7249 if you do that to much nobody will work. If prices go down that would be reasonable.

[@jont2576]

I'm pretty sure this isn't the first time they had this conversation,since 2008 recession,they must have raised the debt ceiling at least five times and even shut down the government once.

[@isavana33]

There is a joke in Russia "Under Putin's rule, the US has never lived so badly"

[@neilkurzman4907]

Does the joke apply to this?

[@JM-gj7de]

And here's a funny quote in the U.S. about Russia. "Russia is a gas station masquerading as a country" - John McCain

[@wgreiter]

@@JM-gj7de The difference between yours and A.C.'s joke is that his is an actual joke and is funny

[@GD15555]

@@JM-gj7de listen to Mc Brain more ;)

[@isavana33]

@@JM-gj7de And where is he now? :) McCain was a Russophobe

[@kushkingla7385]

Another Simpson's episode comes to life. Bill to coin, but point stands.

[@magmaapex3218]

So basically the US is destined to fail regardless of how patriotic everybody Is and how amazing everybody says the US is. Greetings from Canada

[@TeraGreene1]

Exactly why I moved from the States to Canada in 2014 ...

[@khronicganjaofoz5070]

Bro u are looking way to deep into this

[@addminustraitor8514]

US never fall by this even the debt is 100000000T. Because US debt ceiling is infinite and US control world economy. US can just type pay 100T easily in debt system but because US want to look legit, US do it slowly.

[@hifijohn]

America is a failing empire, has been since the 70's.Study of how empire fail and this country is following their playbook to the letter.

[@jerrynguyen8083]

Canada also has debt at $2.4 trillion

[@itsmechannel3521]

SIMPLE AND FAST SOLUTIONS! !! USA HAVE SO MANY ILLEGAL IMMIGRANTS! !! USA GOVERNMENT MUST MAKE THOSE ILLEGAL IMMIGRANTS BECOME LEGAL BY GIVING THEM STATUS TO LIFE IN USA BY PAYING TAX. YOU CAN IMAGINE HOW MUCH MONEY THAT USA GOVERNMENT WILL RECEIVED MONEY FROM THE TAX THEIR PAID!!