What is the debt ceiling?

[@tonysilke]

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.

[@hankmarks69]

They do say gold will crash in a liquidity crunch However, many of those holding precious metals are preparing for such an event. So they are unlikely to be forced sellers. The paper market would tank and hopefully collapse.

[@Nernst96]

I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.

[@mikeroper353]

we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this consultant that guides you help?

[@Nernst96]

My Financial Consultant is Vivian Carol Gioia. I found her on a Kiyosaki interview where she was featured and reached out to her afterwards. She has since provided entry and exit points on the securities I focus on. You can run a quick online search with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so

[@mikeroper353]

Vivian has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I set up a call with her so I could use her services.

[@theTeslaking]

The U.S. economy is sustained by continuous credit and debt creation. It is anticipated that the Federal Reserve will expand the money supply, which will cause the typical American to accrue more debt. much though many other countries' economies are struggling-some much more so than the US economy-they yet have a strong thirst for US dollars. Concerns are raised regarding who will eventually be affected by these economic forces in this situation.

[@michaellaw321]

It's a fact that recessions are a natural occurrence in the economic cycle, and the best approach is to ensure you're ready for them and have a proper plan in place. As someone who entered the workforce during a recession (2009), I experienced the direct effects of inflation and discovered the importance of generating increased passive income to counter it

[@JosephMartin7226]

Experienced long-term investors are aware that the market and economy have a tendency to bounce back over time, and it's wise for investors to be prepared for such a recovery. Speaking from my own experience, I continue to invest heavily in this volatile market and have achieved significant gains - my portfolio is presently up by 60%. For now, I'll keep a watchful eye on the situation and gradually invest in more stocks as opportunities arise

[@CHRISTIAN-MYERS]

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

[@JosephMartin7226]

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Sharon Ann Meny for the last five years or so, and her returns have been pretty much amazing

[@CHRISTIAN-MYERS]

Sharon has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment.

[@dianarabbanii2]

Retiring in 20 years? Due to inflation, you may need upwards of $2.6 million to maintain your existing lifestyle, with the ongoing effects of high inflation, lower forecasted stock market returns, and stagnant wages, achieving a secure early retirement could be more challenging than ever before

[@leondonald]

It is a government inspired crisis this time. The Treasury have to sell Bonds to cover the trade imbalance and the government spending imbalance. In order to sell them they have to raise interest rates and the old long-term, low risk, low interest, AAA investments (including Treasury Bonds), held by the banks (often due to government regulatory policy), become next to worthless. The next milestone is the 15th when the government issue a new batch of Bonds. I have approximately 350k stagnant in my portfolio that needs growth. What is the best way to take advantage of this downturn?

[@DavidRiggs-dc7jk]

Indeed, you are correct! Economic downturns offer numerous prospects for ordinary individuals to create wealth from the ground up. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.

[@berkrix4312]

In the world of finance, rece-ssions are prime opportunities for wealth creation. When my port-folio suffered a significant loss in April of last year, I realized the need to enlist the expertise of a financial consultant. With her guidance, I have not only recovered from my losses but also generated a profit of 250k. The knowledge and skills I have acquired through this experience have been invaluable in my journey towards financial success.

[@HarrietBemish]

@@berkrix4312 That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?

[@berkrix4312]

@@HarrietBemish My Financial adviser is ‘’Christine Jane Mclean’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

[@HarrietBemish]

@@berkrix4312 Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

[@nicholasharvey1232]

The debt ceiling is essentially meaningless at this point, it gets raised every single time we approach it, without fail. Why even bother having a debt limit if you're just going to keep moving it before you reach it.

[@calbro5823]

31.4 trillion dollars...that's rookie numbers. We need to pump those numbers up!

[@Anthony-db7cs]

Because GOP uses it to do the same nonsense they're doing now. It doesn't need to exist.

[@Anthony-db7cs]

@@calbro5823 Personal finance isn't the same as government debt. Credit rating is more important. Every modern government has debt to some extent. I know underfunded US K12 doesn't go over these things.

[@sebastian.v2]

$10 says they raise it this time, and also the next time

[@Takudza]

Why have a debt ceiling vote when you have already committed to spending above it? The way America does this is super dumb. Have the debt ceiling vote when you approve the budget. Make the cuts there. And why do these republicans only make a fuss about it when democrats have the presidency? Why do the voters keep voting for such a circus?

[@gingerkilkus]

Economists and business leaders are voicing concerns at the start of 2023 that the year could be a difficult one. JPMorgan Chase & Co. Chief Executive Jamie Dimon said that the Federal Reserve may need to raise interest rates to 6% to fight inflation, higher than the peak level between 5% and 5.5% in 2023 that most Fed officials penciled in after their December meeting. Although I read an article of people that grossed profits up to $500k during this crash, what are the best stocks to buy/short now or put on a watchlist.

[@lowcostfresh2266]

Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.

[@TomD226]

@@lowcostfresh2266I’m in dire need of guidance so i can salvage my portfolio due to the massive dips and come up with better strategies. How can I reach this advisor?

[@lowcostfresh2266]

@@TomD226 The one effective technique I'm confident nobody admits to using, is staying in touch with an Investment-Adviser. Based on firsthand encounter, I can say for certain their skillsets are topnotch, I've raised over $700k since 2017. Just bought my 3rd property for rental. Credit to Laurel Dell Sroufe my Investment-Adviser.

[@leojack9090]

@@TomD226 After locating her, I composed an email and arranged a phone conversation. I'm optimistic that she will reply, and my goal is to conclude 2023 on a financially successful note.

[@anthonyg6221]

They'll raise it. They've raised it 100 times before. The big problem will be when the dollar ceases to exist as a viable currency.

[@ChadSimplicio]

That is already happening.

[@BitterPeachh]

Their goes our retirement

[@MalindaDeleon]

I’m glad I pulled through, despite the crises. I am retiring next yr at 55 with 3 houses paid off worth 4.5 million . One is my place of residence the other 2 properties will give me $80,000per/yr rent . I will have an income stream of $20,000 per yr through my super which gives me total $100,000 a yr to live comfortably . I have no debts ... Stay Motivated!!!

[@Adukwulukman859]

You have done great for yourself. I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do for me now because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path...

[@ZITABELCOMEDY-xf1ws]

Find stocks with market-beating yields and shares that at least keep pace with the market for a long term. For a successful long-term strategy I recommend you seek the guidance a broker or financial advisor.

[@LucyHyde-zx8gq]

@@ZITABELCOMEDY-xf1ws Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.

[@LucyHyde-zx8gq]

@Anna Baisley My advisor is ‘’Laura Marie Ray’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

[@MichaelDSteffan]

The idea of a portfolio-coach used to sound generic, but a new study by investopedia actually found that demand for portfolio-coaches sky-rocketed by over 41.8% since the pandemic and based on firsthand encounters, I can say for certain their skillsets are topnotch

[@Raymondjohn2]

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

[@bob.weaver72]

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

[@martingiavarini]

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

[@hermanramos7092]

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

[@bob.weaver72]

My advisor is ‘’Catherine Morrison Evans’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

[@hermanramos7092]

She appears to be well-educated and well-read. I just ran a Google search for her name and came across her website; thank you for sharing.

[@dempsey2054]

Let’s raise the debt ceiling to infinity billion dollars

[@ReinaldoMichael]

billion?

[@welovemarbles7191]

They already did, they just didn't tell anyone

[@hapizb7255]

Billion?

[@tonton7568]

billion?

[@DIBDIBAN_athleta]

$T

[@bobbymainz1160]

The negative impact of SVB and SI debacles has been reflected in the regional bank ETF (KRE) which has witnessed a decline of over 20%. This event has triggered contagion effects, dragging the entire market lower. However, historically speaking, a localized and narrow contagion of this nature presents an opportune time to invest in strong, financially stable companies with substantial cash reserves on their balance sheets.

[@ArthurLedgeeer]

Indeed, the recent market downturn serves as evidence that a vast majority of individuals lacked a sufficient understanding of the underlying financial dynamics at play.

[@JaykeTurner]

I agree, that's the more reason I prefer my day to day invt decisions being guided by a init-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a init-coach for over 2years+ and I've netted over 2.8million.

[@AngelsEyes-ny1pc]

@@JaykeTurner actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?

[@JaykeTurner]

@@AngelsEyes-ny1pc My licensed coach, Heather Ann Christensen is a highly experienced and knowledgeable specialist in the financial market. She possesses exceptional expertise in portfolio diversification, and is widely acknowledged as an authoritative figure in her industry.

[@AngelsEyes-ny1pc]

@@JaykeTurner Researched her online She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call.

[@kaylawood9053]

All signs point to 2023 being a year of significant economic hardship for the entire nation. Put your cash to use straight away to increase its value. I was aware that I needed to invest. I had no idea how quickly a few thousand dollars a month would go up. Though it is. Since 2020, I've made about $600,000.

[@legacymedia8468]

the idea of a portfolio-coach used to sound generic, but a new study by investopedia actually found that demand for portfolio-coaches sky-rocketed by over 41.8% since the pandemic and based on firsthand encounters, I can say for certain their skillsets are topnotch, I've raised over $900k from an initially stagnant reserve of $250K all within 14months.

[@AddilynTuffin]

This is exactly what I want to do now too. Can I get access to your coach?

[@legacymedia8468]

My consultant is Sharon Louise Count, She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision. I basically follow her trade pattern and haven’t regretted doing so

[@AddilynTuffin]

She appears to be well-educated and well-read. I just ran a Google search for her name and came across her website; thank you for sharing.

[@HollyB-b3t]

[@dranzacspartan8002]

Well it was bound to happen. USA is being totally irresponsible with their USD. Every country trades in USD. Every country clocks up debt to be repaid in USD. Except for USA. USA gives countries a piece of paper that is supposed to allow them to buy equivalent trades exchanges anywhere around the World. But when it's time for USA to pay their debt, they just PRINT OFF MORE MONEY, which seriously dilutes the power of the USD for every other country in the world. As a result, USA does NOT pay their debt ... but indirectly ... every other country pays their debt. USA gets commodities, raw materials, manufactured goods, global food, etc for virtually NOTHING ... they just give countries a piece of paper for their personal imports. The other thing USA does, which is extremely MEAN, is that USD's are circulated by SWIFT. All Countries have their USD held in SWIFT, which keeps track of the Countries USD transactions. But, USA have the POWER to switch off any Country's SWIFT account so they can NOT do any trade exchanges ...even though its their OWN money. Look at Afghanistan. USA decides they don't like their Government, so they've switched off Afghanistan from SWIFT so that Afghanistan can NOT get access to their own Trillion Dollars of USD ... forcing all the Afghan citizens to live in 3rd World Conditions because their Government can't build them Civic Infrastructures or Civic Services. The value of the USD has lost more than 96% of its purchasing power since the creation of the Federal Reserve in 1913. Consumer prices have gone up more than 24 times since 1913, meaning that a $1 Billion from 1913 would have less than 4 cents in purchasing power today. This is the result of USA just printing off more USD’s to cover their debt (which they never pay off, they just print more USD’s). This would not happen with Gold. For example, in 1978 an Oz gold was worth $35.00 and in 2023 an Oz gold is worth $2,000.00, an INCREASE of 5700%. Similarly, from 1978 to 2023, the USD has a DEVALUATION of over 5500%. As such, Countries need to off load their USD's ASAP and leave SWIFT. Hopefully the new BRICS World Community with fix the International Trading problem for them.

[@johnnykamuij6315]

Gold has failed time and time again as money throughout history due to it not being easily portable, divisible or transacted, leading to paper currency. And the same thing would happen again. In a digital world we need digital money, a decentralized form of money out of government control and that has fixed rules and a fixed supply

[@dranzacspartan8002]

@@johnnykamuij6315 You miss the point mate ... totally. Of course you need paper money (but today it'll be digital money). That's you written contract. The whole point with the USD is that USA have NOTHING to back it up, hence why it's called FIAT MONEY. It's just a piece of paper that USA have pledged to honour globally. BUT ... they haven't. When it's time for them to pay their debt in some sort of commodity (a production, a shipment of Natural Resources, etc) they don't pay. All they do is PRINT more money and give it to the Country they're own the payback to and send them off to go and trade with other countries. By printing off more money, USA dillutes the value of the USD, hence why $1 Billion in 1913 in USD has the purchasing power of 4 cents today, and $1 Billion in gold in 1913 has the purchasing power of $250 BILLION today. Gold is NOT for trading. Gold is a guarantee that the piece of paper you're holding is backed up by gold IF YOU NO LONGER WANT TO TRADE IN THE WORLD.

[@Sodapop-rd5ku]

Erm no.... Not being responsible is not making up for the stuff you destroyed Example: when the British pulled out of Burma the country fell into a civil war The US doesn't want that to happen Think of it as cleaning up after you made a mess (it was a bit more than a mess about I think you get the point) The last time we didn't clean up.... New York didn't like it much

[@shanelambert6192]

With the launch of the joint BRICS currency the demand for $US will go into freefall

[@bingoberra18]

Afghanistan doesnt have a government, they have talibans who shoot their way to power. Do you think the Talibans would spread these trillions on their people? Theyll spend it on drugs, weapons and hookers.

[@Macvicky]

With everything happening now in the economy and the fact that inflation is still far higher than the Fed's 2% target, banks failing and more some individuals are getting richer and wealthy, the question is are you one of them or do you know the strategies ?

[@jamesholbrook6734]

And somehow, Joe Biden is lowering our inflation rate, which is one of the lowest inflation rates in the world! Thank you very much…

[@atomiswave1971]

What worries me is that no video on KZbin actually talks of paying it off or getting it down. A country should use austerity measures and start suffering for their leaders actions if your in too much debt. Why should a person in debt on credit card pay their debts when the leaders keep raising the debt ceiling? It's a very bad role model.

[@blockheadivthewise7950]

It is being paid off with inflation, part of which is being felt at home. Most of it is being exported to other countries through one of America's favorite toxic exports: debt.

[@jolness1]

Need more tax revenue too though

[@blockheadivthewise7950]

@@jolness1 Raising taxes will provoke a revolution, with most Americans, who themselves are indebted to the neck, asking what where the money owed by the government went.

[@professor_meowington]

I was wondering the same, why are they only talking about raising it, but nobody is even considering paying the debt, which would be the logical thing to do for any private entity

[@attsealevel]

Agreed, just the interest payments this year alone could've paid for all public education in the country. Next year will be even worse. Intererest payments will crowd out all discretionary public spending in 10 years time. We absolutely MUST CUT SPENDING.

[@Riggsnic_co]

Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.

[@hermanramos7092]

I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value

[@lipglosskitten2610]

This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name Catherine Morrison Evans and everything changed. In in the first quarter of this year i made $370k and counting.

[@martingiavarini]

@@lipglosskitten2610 Hello there, please how do i find the lady you just mentioned?

[@kenanporubsky2122]

@@lipglosskitten2610 I looked Catherine up out of curiosity and she seem pretty proficient, thanks for sharing

[@sidakong9467]

They maybe can raise the debt ceiling If they see fit, but the rest of the world won't play their game anymore.

[@sassyd8738]

which means republicans need to stop being hissy fits and do right and so does the dem both sides need to be cut and the fact the repubs taxes been on 8 percent comfy they def need to come on out if they gone cut anything id say cut ss maybe15o out of people checks but dont touch medicare people need it stamps if they gone slash some of it id say maybe up to a 100 for families that aint bad ok but the fact sum people wanna keep smiling and shining while rest miserable is sick aint no more time for that and to be honest its time to be fair an noT BS

[@fenseti3793]

it's not a ceiling if it always raised every 36 months

[@Greggsberdard]

High prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.

[@crystalcassandra5597]

I recommend considering a diversification strategy for your financial portfolio due to the increased complexity since the 2008 crash and COVID. My colleague hired an advisor and successfully grew her portfolio by over $120K during this turbulent market by using defensive strategies to protect and profit from market fluctuations.

[@Greggsberdard]

Can I ask you to recommend this particular coach you using their service?

[@crystalcassandra5597]

My advisor is Laurel Dell Sroufe , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@grego6278]

@@crystalcassandra5597 Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé

[@notyourbusiness3899]

Krach 2008 only a ponzi nonsense shared wordwide. .

[@attsealevel]

We absolutely MUST CUT SPENDING. The US Govt is now almost 45% of the entire economy (it should be no more than about 23%). This is unsustainable. Just the interest this year alone could've paid for all public education in the country. Next year will be even worse. Intererest payments will crowd out all discretionary public spending in 10 years time. Then it's Game Over!

[@gorang2906]

Or you can send more to Ukraine😂

[@attsealevel]

Sorry Comrade, but NATO is an absolute priority. The nominal expense there (relative to return) is clearly justified.

[@quasarlgq]

The problem there would not be the size of the government, but of how much of a deficit it runs

[@attsealevel]

@@quasarlgq How absurd - that the two concepts are non-binary completely escapes.

[@LaurentiuAnton-ul8zl]

If only there was a way for a government to collect large sums of money from certain people and/or organizations to pay it's debts and decrease economic inequality... man what an unsolvable problem

[@hersdera]

When the Great Depression and other huge catastrophes occurred, I used to believe that everyone went bankrupt, but they didn't... Some made millions; I also assumed that everyone closed their businesses during these times, but certain did start new ones. It all depends on your point of view; there will always be moments of prosperity for some individuals and times of depression or recession for others. My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my life savings of $200k crumble to dust.

[@SandraDave.]

excellent share, just confirmed her page online after inputting her full name on my browser, she seems valid. very much appreciate it.

[@apollomedia7210]

There is no point kicking the can down the road.

[@viewfromthehighchairr]

Certainly! I understand that living expenses and taxes can take up a significant portion of one's income in the UK, which can limit how far that income can go. Even 100k doesn't get you very far and the dream of retiring early is starting to seem like a fairy tale. I have roughly $200,000 in 401(k) that I need to grow quickly. Please leave a comment if you can help.

[@billclinton-f8n]

Invest in the financial market. I heard that people make millions if you know the tricks of the trade. Bloomberg and other finance media have been recording cases

[@devereauxjnr]

@@billclinton-f8n It depends on your personal preferences and comfort level. However, one option is to keep things simple and consult an investment-advisor. They can help you determine your risk appetite, avoid common mistakes, and provide a broader perspective on your investment landscape.

[@AlbertGReene-p8w]

@@devereauxjnr I'm looking for recommendations for a reliable investment advisor who can help me develop a long-term strategy for investing approximately £5 million. Ideally, I'm hoping to achieve a 5% dividend with compounding, which would be around £250k per year.

[@devereauxjnr]

@@AlbertGReene-p8w My personnel advisor is "NICOLE DESIREE SIMON" . In terms of portfolio diversity, she's a genius. You can look her name up on the internet and verify her yourself. she has years of financial market experience.

[@AlbertGReene-p8w]

@@devereauxjnr I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes. Thanks

[@jamesholbrook6734]

Golly, the GOP keep cutting taxes, yet we’re still in debt? What’s going on?! Anyone smart enough to figure this out? Doh!

[@knightlord124]

Sadly, the democrats are providing illegal immigrant with free college and free Healthcare to those who cross the border. That's a proven fact

[@todayontheinternet9576]

Imagine arguing that spending more is the only way forward responsibly, kick the can down the road, what's the worst that can happen? (we're about to find out).

[@jaytan915]

I suspect we are at the end of that road.

[@shanewilson2484]

Republicans massively increased budget deficits under Trump. The only care about debt when a Dem is President because they want to cool down the economy to assist getting another Republican in the Whitehouse ... then when they get that ... they go on another borrowing binge. This has been happening over and over since 1980.

[@SlowhandGreg]

the Debt to GDP ratio has fallen from 132 % in 2020 to 121% the money figure is irrelevant and the cause of the debt is Tax cuts for corporations and the wealthy everyone on payroll pays their taxes. 1 dollar spent on the IRS increases taxes by 7

[@quasarlgq]

Except it literally is the only way forward. Because you need to spend more to pay the debts you have. This is not personal finances where you can downsize the "house" or car.

[@Rochelletrem]

Every day we encounter novel challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.

[@philipr1759]

Despite hearing that insider trading secrets could lead to making millions in the financial market, I hesitated to invest as I lack the required skills and a sound strategy to surpass the market and achieve profitable returns. Additionally, although I possess $160,000, I find it challenging to take the plunge due to a shortage of funds.

[@theresahv]

It is advisable to steer clear of cons that appear improbable. Seeking guidance from a fiduciary advisor can be helpful as they are highly skilled in their field and can provide tailored advice based on an individual's risk appetite. While there may be unscrupulous individuals, there are also remarkable ones with a positive track record.

[@shellyhayn]

@@theresahv How can I reach this adv-iser of yours? because I'm seeking for a more effective invest-ment approach on my savings

[@theresahv]

@@shellyhayn My consultant is JULIE ANNE HOOVER I found her on a CNBC interview where she was featured and reached out to her afterwards. she has since provided entry and exit points on the securities I focus on. I basically follow her trade pattern and haven’t regretted doing so

[@Believer292]

Great video! For 2023, it’s hard to nail down specific predictions for the Stock market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from Stocks to homes.

[@veronica.baker1]

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

[@edward.abraham]

True, the idea of a portfolio-coach used to sound generic, but a new study by investopedia actually found that demand for portfolio-coaches sky-rocketed by over 41.8% since the pandemic and based on firsthand encounters, I can say for certain their skillsets are topnotch, I've raised over $900k from an initially stagnant reserve of $250K all within 14months.

[@james.atkins88]

@@edward.abraham I will be retiring in two years and I have a goal of doing that with $1M. How can I reach out to your guide?

[@edward.abraham]

@@james.atkins88 JULIA ANN FINNICUM , is my adviser and she is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@vasilismarkandonis9435]

Why do the US have a debt ceiling that can be raised as the state itself wants to? Why do other countries if they have high enough debt against GDP they bankrupt?

[@jojoaja6106]

US can pay its debt with it's own currency out of thin air, here US can always pay but they are not willing bcs of high inflation. But it's will default eventually 😅 my guess in one or two decade more

[@jamesholbrook6734]

Golly, the GOP keep cutting taxes, yet we’re still in debt? What’s going on?! Anyone smart enough to figure this out? Doh!

[@Asurot]

@@jamesholbrook6734 war

[@jamesholbrook6734]

@@Asurot Have you ever heard of a “war tax“? The United States has had a war tax for every war ever had until George Bush decided to put it on a credit card! He even put it on emergency war supplementals, so it wouldn’t be reflected in his budget. So when Obama took office, he had to add George bushes. Emergency war supplementals into the budget so that we would have a proper accounting… And the Republicans went nuts, blaming Obama for an extra 4 trillion in spending, which he didn’t do. Typical Republicans! Just like now, being abstinent about the debt limit crisis when it was, they who increased the debt so much. Donald Trump’s tax cuts alone put us trillions of dollars in the hole.

[@mark1h2023]

Thank you so much for this! I really needed this video to help me contribute to conversations about this.

[@waywardgeologist2520]

No we don’t need to raise the debt ceiling. Time to live within our means

[@thomassmith4467]

I don’t understand why the republicans don’t simply say on national television that they will default of cuts aren’t made. Even a default now is better than a default and higher levels of austerity that would be required a few years down the road.

[@toby4187]

Lol goodbye military and social security

[@thomassmith4467]

@@toby4187we don’t have a choice. If interest rates stay where they are now, by January 1st 2024 our interest on the debt will be north of 770 billion a year in interest payments which is larger than our current military budget. This is only 6 months away. You don’t want to know the number a year and a half from now.

[@michaeljones825]

You are far too sensible...

[@firstlast8258]

@@thomassmith4467 speak for yourself 🤓🖕

[@Bellpower20]

"...the minority party enjoys the power." That's the problem.

[@ashkax]

It’s a feature.

[@talkinghand122]

You mean enjoy abusing the power... so much so that they don't forget common sense.

[@Hydroxica]

Your avatar picture feels funny compared to your comment, and what you said is true.

[@rscott2247]

Including the Federal Reserve which is a private financial institution.

[@attsealevel]

Just interest payments this year alone could've paid for all public education in the country. Next year will be even worse. Intererest payments will crowd out all discretionary public spending in 10 years time. We absolutely MUST CUT SPENDING.

[@Userru.3]

Sooo….. what is debt ceiling 🤷‍♂️

[@Joshua-Samarita]

In a company, if you messed up and cost them millions of dollars you going to get fired. That should happened to the government. That would help to reduce the budget deficit and later decrease the us debt.

[@coolkrishnan]

This is one of the worst chapters that comes again and again.....At some point, US should start cutting its spending rather then raising ceiling be it Democrat or Republican.... Utter madness that this is always a political gimmick and even entire world would be affected

[@ronald1111]

Hurts shorterm. Can't go on forever

[@ronald1111]

Why not go back to gold, silver as stated in the constitution. They violated our constitutional rights. Sue execute

[@ronald1111]

Treason

[@zeanu2015]

the heck with their debt ceiling they will raise it at the end

[@foodhomedotcom2716]

The best possible thing that can happen for humanity is for the government to default, shutdown, and USD become worthless. Sound money is the key to prosperity.

[@Paul-nu7nj]

debt ceiling is meaningless - call it what it is... bankruptcy...

[@enriquemoranmartunez6736]

This law should be repelled or adjusted in such a way this is more flexible. I have experienced some of the side effects that take place when they can't agree on raising the debt ceiling.

[@klied246]

Also had to hire 87k IRS agent and print billions for ''green economy'' that does nothing !

[@yana6118]

Can anybody explain to me what is the point of raising the debt ceiling if everybody’s in debt?

[@jamesholbrook6734]

Golly, the GOP keep cutting taxes, yet we’re still in debt? What’s going on?! Anyone smart enough to figure this out? Doh!

[@AndrewBurbo-zw6pf]

to keep us from getting deeper and deeper in debt until you have to sell your children to China.

[@King.Andrew]

Soooo what this dude is saying is we need more government to fix what government broke

[@Paul-hw8bk]

Results of spending too much on military expansion by a regime.

[@Makainternational]

Everyone is thinking about how to extend the problem so normal business can resume. How did it get to this point and how can that be rectified so it doesn’t happen again in the future is the real question.

[@distantraveller9876]

It's impossible, we are always living on borrowed time. The way we've built our world, it won't take much to bring it all crashing down.

[@Sharpshooter2025]

It got started when Nixon took the USD off of the gold standard. We have been in hyper inflation ever since.

[@slamex]

@@Sharpshooter2025 I thought it inflated when more people borrowed rather then saved up?

[@attsealevel]

The US Govt simply got too big (too many programs). US Govt is now almost 45% of the entire economy (it should be no more than about 25%). This is unsustainable. Just the interest this year alone could've paid for all public education in the country. Next year will be even worse. Intererest payments will crowd out all discretionary public spending in 10 years time.

[@jamesholbrook6734]

Golly, the GOP keep cutting taxes, yet we’re still in debt? What’s going on?! Anyone smart enough to figure this out? Doh!

[@rd123.]

Here's something controversial: don't spend what you don't have

[@AKAAAK]

But it also allows the government to continue wasteful spending.

[@rascals-k4l]

This video does not really care to explain the issue of “spending more than you earn”

[@AustinBWH]

Easy fix- hold all government paychecks until the budget is figured out.

[@_x__q]

And so the cycles continue

[@MW-tt3fy]

The dollar is done. Over the past 3 weeks, over $360 billion (!!!) has been withdrawn from US banks. Now the payouts are already limited. Anyone who has not now understood where this ends will lose their fortune

[@aethellstan]

again, again, again...

[@pascalxus]

the debt ceiling is there for a reason. the budget needs to change.

[@HibHab69]

Always love it when Republicans play chicken with the global economy.

[@objectiveperspective777]

And then when it falls apart blame it on dems and stir people up to buy more guns.

[@PatrickGotHands]

Maybe if democrats stop spending like it’s a American Express card for unnecessary programs

[@LiLiLi132]

@@PatrickGotHands shut up

[@jpsmith9452]

I always love it when democrats can’t do math.

[@michaeljones825]

Both parties play the same game, cop on ffs

[@Oscar-lu4ot]

The higher it goes, the further the fall from grace when the empire collapses....then the hangover starts.....yikes, though times ahead.

[@spectrallines1695]

A solution is too get rid of debt ceiling so u can borrow as much as u want whenever lol yeah sounds great

[@firozebukht8207]

Money transactions to balance the power. Defence expenditure , govt expenditure etc.

[@ibrahimcehajic]

Is there really a difference between 32 trillion or 132 trillion.

[@wangjim5839]

Both parties are just self serving and are doing nothing for the country. Already way off budget with a huge debt and still refused to cut down on spending!

[@benjaminwachold3736]

I’ve read that the government could continue to shift money around until June 15th when new tax revenue is supposed to come in. The problem is that our government spends more than it takes in which makes the debt continue to go up. Our government has got to get its spending under control on both sides, it’s going to come to a end point eventually.

[@exeuropean]

this is about money already spend, by TRUMP, GOP enacted massive taxcuts to the already mega wealthy. Also taxes are not being collected GOP is against that because they are the party of tax cheaters

[@SlowhandGreg]

That's not true the Debt to GDP ratio has fallen from 132 % in 2020 to 121% the success of the Biden administration in getting unemployment down to record levels has seen the economy reasonably strong. The dollar figure is irrelevant the major contributor to the levels isn't spending its tax cuts for the wealthy and also not collecting what's owed because the Republicans keep hollowing out the IRS ever dollar spent on the IRS raises 7.

[@BitterPeachh]

By the end of the year.

[@JackKing12.]

I asked the bank to raise my debt ceiling and they said NO.

[@jpsmith9452]

So the US Treasury takes in about $300-400 billion a month. The interest on our debt is around $40-50 billion a month. There’s plenty of money to service our debt.

[@papamike225]

Greed my friend

[@edgarcoapman7500]

That's only interest it also needs to pay the principal for the debt

[@jpsmith9452]

@@edgarcoapman7500 yeah they pay off the principle by issuing new debt.

[@edgarcoapman7500]

@@jpsmith9452 And that new debt gets compounded with more debt from projects unpaid for, ever increasing the debt level.

[@jpsmith9452]

@@edgarcoapman7500 interest payments on the new bond would cost taxpayers more if the new bond has a higher rate than the one maturing, but the principle would remain the same.

[@GuiltySpark347]

Plenty of money for Ukraine no money for you.

[@gorang2906]

Ukraine is the most important country in the world

[@ambessaseway5594]

How can you spend 3 Trillion Dollars that you don't have??

[@alexsteven.m6414]

There are many conflicting opinions about stocks and their prospects in the coming years; I aim for short-term solid gains from market corrections, and I'd definitely hop on the ride if I knew a couple of things about day-trading, That is not on my speed right now i guess.... I'm just looking to make the right moves to help me grow and protect my $670,000 reserve from inflation that looks so scary.

[@bernisejedeon5888]

it's all hype! best to ignore the trend at the moment whether bullish or bearish, and stick to a proper trading plan preferably with expertise assistance.

[@yolanderiche7476]

@@bernisejedeon5888 Yeah, another reason I enjoy my day-to-day market decisions is that I'm being guided by a portfolio-coach. Given that their entire skill set is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, it's nearly impossible not to outperform. Since using a coach for two years and counting, I've earned more than $1.5 million in return on investment.

[@edelineguillet2121]

@@yolanderiche7476 This right here, got my attention.... how do i reach this adviser of yours?

[@yolanderiche7476]

@@edelineguillet2121 Do your homework and choose one that has strategies to help your portfolio grow consistently and steadily. ''Jeffrey Harold Starr" is responsible for the success of my portfolio, and I believe he possesses the qualifications and expertise to meet your goals.

[@valeriepierre9778]

@@yolanderiche7476 I looked up your advisor's full name and he appears to be trustworthy and knowledgeable. he is a fiduciary who acts in any individual's best interests. So I left a message on his website, and I'm hoping he responds soon.

[@pnndrgn]

What is the debt ceiling? A promise to spend more until we’re at the next debt ceiling, that’s what the debt ceiling is.

[@MohdArif-pl3sy]

Ah, annual government "Debt Ceiling" drama.

[@Nickle314]

And meanwhile the economist ignores social security’s debts. Just the money owed to banks matters

[@albundy7623]

Propagandists everywhere

[@raptorjesus6398]

They literally mention social security obligations in the video

[@Nickle314]

@@albundy7623 In on the scam is my opinion

[@davidperry4013]

Countless elderly people in the USA will starve if this is not resolved by June 1st.

[@chrisk5437]

Guess I’ll tell the bank next time I don’t wanna pay back my loans… just raising my debt ceiling Mr. J.P. Morgan…

[@firozebukht8207]

Huge expenditure in politics.

[@faradaycool4058]

Only one country in the world is allowed to get away with this. Long live America!

[@paulleggott1201]

What a sick system

[@derekblackwell2601]

We will be having this conversation again.

[@oas8766]

What a theater

[@larrysherk]

We have a growing addiction to borrowing money, which is a serious factor in our general economic and cultural downfall. Sanity suggests we pay as we go, and raise taxes whenever we have to.

[@djayjp]

I remember the days when Canada consistently ran a fiscal surplus each year in the 90s.

[@castlekingside76]

I do as well, but we were smaller.

[@woobykal68]

Australia used to run in surplus in the 90 too, not any more.

[@robertasirgutz8800]

Domestic spending is the least of it. Corporations and wealthy individuals need to pay their fair share of taxes. It was caused in part, by the largest transfer of wealth to those who need it least.

[@revolutionaryprepper4076]

Congress will raise the debt ceiling, to pay for what they've already spent. They really don't have any other choice. To do anything else, would be unthinkable!

[@yes12337]

If you didn't realize USA is in state of a hybrid war with several other countries that would be more than happy if they didn't raise it. Not particularly responsible to keep the budged in such shape as it is now, which from abroad looks more like a sabotage than anything intelligent people would get into.

[@abetsarixa]

China is also in a debt trap, having heavily invested $65B in CPEC. Similarly, the USA is providing Ukraine with weapons worth billions of dollars, which are being paid for by American taxpayers.

[@ignmorales]

So, some argue it is legit to question 14th amendment, but not 2nd amendment.

[@eugene65yo49]

Time for US to eat bitter medicine now than to be in ICU later

[@LILLYB8328]

They will just raise it again like they always do.

[@ccreasman]

It’s hilarious to me that neither party actually ever talks about the problem: “we are spending more money than we take in.” Or, maybe I should say some of them talk about that, but never ever actually spend less. They are like the person who is already maxed out on 4 credit cards but is allowed to open another, and yet the complaint is always how restrictive the rules are about getting another card. Clearly the person needs to simply spend less…but hey, it’s the 21st century so clearly economic rules no longer matter and we should all just spend as much money as we want. 🤦

[@firstlast8258]

Speak for yourself 🤓🖕

[@nujabeslistener]

This bias in this is revolting

[@mattm597]

We're living in a house of cards.....and the wind is starting to pick up.

[@MichaelJ843]

I'm so glad I've been motivated to get out of debt, personally.

[@est02]

If it was a politically motivated reason behind the passing of the debt ceiling into congress, why dont they just scrap it off? At some point in the future, as the economy grows so too will the debt… which requires another raising of debt ceiling in order to avoid going default…..do enlighten me if im wrong

[@curtiscarpenter9881]

I wonder how much of this debt is owned by the UK according to British investors in USA debt?

[@JohnSmith-iw9ds]

Liberal spending

[@jarjarbinks6018]

The debt ceiling is arbitrary and defaulting on debt would be a disaster but americas debt is a problem and the majority and opposition parties are being incredibly irresponsible in how they are handling it. Neither party are willing to re-examine the level of military expenditure and aid. The ruling party wants to have their cake and eat it too by being unwilling to even sit at the table with the opposition party about re-examining benefits in the pension system while at the same time vowing to not raise taxes on most people in the ways known to be effective to raise money (and eliminate the pension deficit) which is an impossible dichotomy to deal with Defaulting on the debt would be bad but these politicians and the White House are living in Lala land

[@combrutum]

Just raise it to 500 trillion and get it over done with.

[@slovokia]

The Fed could just buy up all matured treasury securities that have not been paid by the US Treasury. If the Fed can rationalize doing trillions of QE during Covid, they will find a way to rationalize buying treasuries during a default.

[@seang2822]

So why is it okay for the government to keep running deficits… isn’t that poor budgeting… ? Seriously can’t believe you are making an argument to keep increasing debt and not reducing it 🤯

[@mitsucarpentry]

I need to rise my debt ceiling too. By 200% and payments plans for 100 years

[@Supreme-gu1jz]

I don't know what to say anymore. Just launch all the nukes like in terminator and enjoy the show people. 🍷 🍻

[@seek__truth919]

Just stock on food and water the rest dont really matter when people start to get hungry

[@alikafaei102]

It is interesting how the video had 2 parts: "The problem" and "The workaround". No real solutions are discussed, neither here nor by the officials

[@gregfawcett5152]

I owe...I owe...so off to work I go...

[@firozebukht8207]

Expenses: pay and perks, money spend on war and terror , money spend by freemason, pay and perks of elected and many other expenses

[@sweealamak628]

I heard it goes higher and higher, that doesn't sound like a ceiling to me.