Who does the US Owe its $35 Trillion debt? (National Debt Explained)

The US is in a lot of debt. Currently, the country owes $28.2 trillion dollars. But… who would even lend them that much money? Who does the US owe this massive sum!?
Well, the answer to that is pretty simple. In large part it owes itself that much money… but there’s also quite a few other countries it owes too.
Hate my video and just want the answer? Here's the breakdown:
33% US Investors
12% Federal Reserve
27% US Government
28% Foreign Investors & Governments
Media:
Strange Stuff
Divider by Chris Zabriskie is licensed under a Creative Commons Attribution 4.0 license. creativecommon...
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Artist: chriszabriskie....

[@ConcerningReality]

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[@CameronFussner]

Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.

[@Franklin-gq4si]

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[@BernardFrederick-tk7un]

I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, 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 my advisor for over 2years+ and I've netted over 1.8million.

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She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@ohyeahyeah-xt1zr]

It's funny how they keep calling it a debt ceiling when they keep raising the ceiling.

[@petersack5074]

....yeah, no doubt.....'' topless '' takes on a 'whole new meaning '''..............

[@DarkepyonX]

Funny how it wasn't an issue till late 1990s ,even Reagan chided people for even mentioning it as it was always something done without question before

[@MarcJonnz]

It’s cause there’s a party in the USA.

[@AsobiMedio]

Because its dumb and meant only for political drama. The U.S is one of only two countries in the developed world that have a debt ceiling. The other is Denmark, weirdly enough.

[@maddogwillie1019]

It's a ceiling made out of clouds..It don't mean nothing.

[@encinobalboa]

By my math, 31Tr divided by US population of 330M is about 93,000 per capita. If they would allow me to pay off my portion of the national debt in exchange for not paying taxes ever again, I would take the deal.

[@Ralphie5023]

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[@prajeeshprasannakumar]

That is debt payoff. You should pay living expenses (Security, Transportation, etc) to layoff TAX. If there was some one time settlement, our life may become easy.

[@xxyanlixx]

the US government can suck wayyy more than 93k from you during your lifetime. US government grinning atm.

[@doggygaming950]

Thanks captain obvious.

[@encinobalboa]

@@doggygaming950 It's obvious you did not read all of my post.

[@ChristopherAbelman]

The belief that the Federal Reserve would stop raising interest rates was the driving force behind the entire economic chaos. What should we do now that we have a situation where interest rates are crashing? At this point, how would you suggest that I safely allocate $300k?

[@PennyBergeron-os4ch]

Although the market is currently volatile, aren't the current valuations a result of the Federal Reserve's monetary policy and low interest rates? Therefore, my recommendation is that you consult a financial advisor who can give you entry and exit points for the shares that you are interested in.

[@HildaBennet]

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[@ScottNathan-e7u]

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Many needs this info. Good stuff.

[@ChrisShortyAllen]

What rot.

[@bill5197]

Good on you for not stretching this out to a 20 min exploratory dissertation. Making this concise reaches a lot of people to realize this important issue.

[@jdos5643]

Can’t wait for Gods kingdom to take over. No more debt. No more taxes no more slavery to 9-5 no more renting a home.

[@HodgeChris]

I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.

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[@brucemichelle5689.]

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[@PatrickLloyd-]

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.

[@Nernst96]

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.

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[@PhilipDunk]

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[@skaracaesar4789]

"It's not that we have this money lying around to send to Ukraine. We borrow this money from China to send to Ukraine", Republican Senator Ron Paul.

[@shellilove9478]

Don't worry uncle joe will keep giving money away.

[@bobmanners8624]

I guess Rand Paul is 30% right, but 70% wrong.

[@michaelbabchuk5639]

Money to help Ukraine doesn't work. Need real help but not taking about money.

[@jagervolant7871]

So basically it’s fake money, and the crooks are completely in charge of it. Got it. What could go wrong. 😂

[@googlesmostwantedfrog147]

Theres a KZbin vide called The Creature from Jekyll Island which explains the Federal Reserve-its a long video 6 hours but It will change your life Listen to it a little at a time

[@dildoswaggins2907]

@@googlesmostwantedfrog147 another one that’s good is’ the battle for Europa’ talks about the fed, Bolshevik revolution etc. these fuckers have been in cahoots for a while

[@SliderHarDCorE]

It's not fake money - it is fake currency, there's a big difference. Every $ created steals value from everyone on the planet who owns and uses those $'s, thus making them poorer ! It is like - someone is eating free lunch today, but you are paying for that lunch the following day for the rest of your life, as long as you own that currency ! The concept of currencies is the worst invention in human history. It allows the select minority to silently and continuously stealing from every living person who uses their currency as long as they're alive, without the need of using any power. Feat that not even the most powerful kings/rullers of the past could achieve. :X

[@LATEXXJUGGERNUT]

Collective Debt is Slavery in Disguise. All Fiat Currency is Collectivist Currency.

[@stormysyndrome7043]

Considering economies are human constructs…yeah, fake money. Humans decide the value of items based on supply and demand as well as a few other factors like scarcity etc. From there, we can literally wipe the slate clean and restart at any moment. Everything humans do is pretty much human created, including culture, systems, governments, so on and so forth. Everything is kinda fake except the real stuff… that stuff we kinda need. Food, air, and water. Anything more than that you need to have incentive for others to want to do it… so economies exist. We’ve tried the free living during Covid. It was a worldwide experiment that failed beyond measure. It made folks lazy rather than wanting to work. It made them sit at home doing nothing. There were many out there every single day making things work, but by and large most didn’t do much of anything. So, back to the slave game we went… if you owe money, you’re pretty much beholden to them until your debt is paid.

[@marksherrill9337]

I’m afraid operating in a negative will continue until the government is insolvent. Congress spends as if they are drunk.

[@1jh963]

Don’t worry when the printing press doesn’t run out of ink

[@benjiwatson2368]

@@1jh963 It doesn’t, but one day the interest payments become too much.

[@Walter-dm3zf]

It's pretty simple balance the deficit in5 years. The DOD is throwing money away like it worst nothing 7000$ coffee makers 650$ toilet seats and the list goes on F 35 they quit counting on that one.All the bugeta went over. They fail audit 5 times in a row. The next thing is to get the billionaires to pay a 5% increase in taxes, I don't think that would hurt them In 5 years The REP.are the the problem they lining their pocket with our money.And for somebody talking about tax cuts run their ass out the country.

[@gibraltarchan9750]

THEY NOT JUST DRUNK, THEY ARE UTTERLY .....PISSED

[@hubertwalters4300]

@@benjiwatson2368 Seems like I heard that in a decade the government will be paying 800 billion dollars a year just in interest on the debt, that will be more than we spend on national defense.

[@SgtRock-cr2sh]

The U.S. is actually paying $5000 a SECOND in interest on this debt.That is unbelievable!

[@strattuner]

true,and there'll be no paying back 30+trillion,and over 300 trillion in unfunded liabilities,no way,no how,they are kicking the can down the street and sooner or later,the can goes in the ditch

[@trivialinsignific]

you mean"we"are paying 5k a second -

[@yellowstone7459]

Interest payable at today's rate is 800 billion per year.

[@asagayaboy5481]

$5000? That low?

[@MM-ig1iv]

Yeah but how much are they going in debt per second?

[@johnlennon232]

I REALLY need to make this money work for me, and not just disappear over time. I've been scrambling for somewhere to put the money, where I can make an effort to use the gains to pay bills so I can quit my job or should force early retirement. All roads have pointed to the financial market of some sort which is a good idea buh where else should I put money besides the financial market? We have a 13% RPI rate so cash is tough.

[@alexyoung3126]

Yep great question and that’s always the one - where would you rather be if you have an option. Personally I’m always invested aside from a small emergency fund. Financial-market for me seem the only way forward with my long time horizon (accrued almost $1.4m in gains since 2020 ) but if you don’t have that fortune of time it’s a tough market out there almost nowhere feels safe! . Just know the risk you're comfortable with . Mistake is expensive

[@joesphcu8975]

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[@kimyoung8414]

A million dollars in profit is a fantastic achievement; how can I contact this advisør of yours?

[@joesphcu8975]

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[@kimyoung8414]

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

[@VAMobMember]

I think we are well past the point where we could even theoretically pay off our debt, in short we are already bankrupt

[@juniorbitare-hebert6711]

🖨 💵 💵

[@VAMobMember]

@@Luca-sz5uy no, I under estimate NOTHING. You fall for the LIES that the left tells. You think that the “rich” don’t pay their fair share because the extreme left tells you that but what you will NEVER hear them tell you is how much is their fair share. Today between local, state and federal taxes (of all kinds) the so called rich pay over 50% in taxes. And the extreme left (specifically Biden) say they will not raise the taxes on anyone making less than $400:000 then INCREASE the number of IRS agents by almost ONE HUNDRED THOUSAND, now why do they need that many agents when only the rich are going to see their taxes raised? And how much money does the government need to operate? And how much do they need to BUY VOTES? Look at parts of CA where they are trying to spend MILLIONS if not BILLIONS on reparations to Blacks. But only if they are member of the LGBTQ community? Read the TENTH AMENDMENT some time and think about all the things the Federal Government spends money on and if it violates the LETTER of the 10th Amendment.

[@zickzeon2946]

Apparently you do not understand bankruptcy

[@VAMobMember]

@@zickzeon2946 probably more than the average American but not as much as a lawyer. Now, why do you think I don’t know anything? Love to have a discussion on the topic

[@zickzeon2946]

First, let me apologize for not finishing my comment. I did not mean to condescend. Then for the bankruptcy issue, looking at a pure financial perspective, as long as the government is capable of paying all its current debt it will not go bankrupt. There are many ways to pay someone without actual money at date due. You can also roll over, reissue, extend debt to cheeze out bulk payments to mitigate the immediate liquidity pressure. There are also credit facilities for the government in OD/ revolvers that would help its short term needs. Aside financing, there's also the problem of FX. Given USD is the dominating currency globally in trade, and countries hold USD as reserves, letting the US government default on its debt would be devastating as not only they wont be able to claim their debt, USD would also depreciate so badly that would lead to a global scale collapse in financial institutions and companies alike. I (in terms of how complex this problem really is, there is no short answer though, but the gist of it is the US Government is too big to fail, and in the unlikely case that it does even enemies would be trying to keep it alive)

[@ralphflores8661]

There is no way we can pay it back because as soon as we have the money to pay it off some wiseguy is going to figure out how to spend it or steal it ...

[@rabuanmantine8522]

In a world of delusion and confusion raising the debt ceiling is celebrated as victory

[@alphacentauri7381]

The best comment

[@awesomejob4209]

Only stupidity and manipulations of the receiver of buying these debts.

[@MrAmhara]

It has to raise. Because needs are constantly growing. Population grows, production grows , new technologies and industries ect. It's normal.

[@awesomejob4209]

@@MrAmhara not normal it needs to be put on a leash, raising the debt ceiling wouldn't benefit the population. Instead to fund wars and destructions its the only nation on earth needing to spend this high amount but the people are poor and infrastructures are failing, only and blinded insane persons would think that they would benefit.

[@sneeringimperialist6667]

Yay! More credit cards ! We're rich! Wait... Pay what back? No... That's my money!

[@stever197037]

When the Pentagon says it doesn't know where trillions of dollars went every decade. It would seem that they are responsible for the budget not being balanced. Also responsible for all of the national debt

[@adnh3167]

The most important part that was left out is the fact that US prints money out of thin air to Pay out to those naive Bond holder which lowers the purchasing power of Dollar. So for example 10 years ago when 100$ Savings bond was issued, you could buy 100 candy with 100$, 10 years later you wont be able to buy the same 100 candy even with the interest + principal. You would also have to pay tax on interest income. So the bond holders end up loosing significant amount of wealth at bond maturity date.

[@bankaiiibankaaa4573]

That's quite optimistic, real inflation for the average Joe, the little man is on average 50% for the past year. Let me give you an example, last year I eat a sandwich for 4.7$, today I bought the same one, from the same place and it was 7.6$. This is just a small example of what's going on.

[@houssamadnane271]

there's actually inflation bonds which go higher in intrests with inflation levels

[@GreenHammers]

@@houssamadnane271 so its actually not the interest that increases, it’s the par value that increases with inflation, so the interest rates actually go down as inflation rises, but you get the price appreciation from the bond itself.

[@houssamadnane271]

@@GreenHammers ohhh okey it sounds like a good deal to protect money from inflation

[@GreenHammers]

@@houssamadnane271 prolly gonna sound preachy or pretentious, but I work for a private wealth manager and speak with sales reps from all the big investment banks regularly and all of them have actually said their investment teams have sold their inflation protected bonds this last quarter. Technically speaking, stocks are actually the best place to keep your money to mitigate inflation risk since they also price upwards with inflation, it's just that there's not a direct mechanism that performs the inflation adjustment like with the bonds we're discussing. Counter-inuitive right? Drives me nuts sometimes.

[@IanMikrut]

"Will WE Ever Pay it off?" I already paid my taxes, I don't Owe anyone Anything.

[@angel-ij4xv]

other countries owe debt in America to that's how it works

[@spanishfly7709]

Yes you do next year.

[@henrygustav7948]

Hello, the US National debt is nothing but a record of all the USD the Federal government has spent, not taxed yet which sits in savings accounts. In order to pay back these Treasury bonds, the Fed debits a savings account and credits a checking account thru the use of a keyboard. The National debt = assets for the economy. It functions as our net money supply. As economist L. Randall Wray sums it here, “if we want our private sector to save, which almost everybody agrees is a good idea, the public sector must run a deficit.” And what happens when the public sector runs a surplus? The US has done so 7 times, and Wray has an answer: “The first 6 of those were followed by our only 6 depressions.” And the 7th was during the Clinton years, which led to a recession in the early 2000s and then a global financial collapse in 2008. 1817-1821 debt paid down & budget in surplus (depression began 1819) 1823-1836 debt paid down & budget in surplus (depression began in 1837) 1852-1857 debt paid down & budget in surplus (depression began in 1857) 1867-1873 debt paid down & budget in surplus (depression began in 1873) 1880-1893 debt paid down & budget in surplus (depression began in 1893) 1920-1930 debt paid down and budget in surplus (depression began in 1929 1998-2001 debt paid down and budget in surplus (recession 2001 2008)

[@thinkcat01]

IRM US us printing its own money, therefore, there is no need to pay back US or pay back to itself. US should print more money to spent on infrastructure rather than on corporations.

[@DarkepyonX]

Exactly, the general public paying it's taxes means none of this is on them , this isnt debt left for our children as retards on tv and radio say . If you pay taxes as asked , your responsibility is done and over , this is on the people we elected

[@wooddawg4868]

The central banks are who they owe the money to. In America, it's called the federal reserve which is actually a privately owned institution. The central banks control nearly all of the debt in the US which is broken among a few families of the world.

[@scottward1002]

And who exactly are those slimy families what are their names be specific??????

[@9and7]

@@scottward1002 You don't know?

[@margaretfrew6661]

The Federal Reserve System is not "owned" by anyone. The Federal Reserve was created in 1913 by the Federal Reserve Act to serve as the nation's central bank. The Board of Governors in Washington, D.C., is an agency of the federal government and reports to and is directly accountable to the Congress.

[@slode1693]

@@margaretfrew6661 Wrong! There's a reason "owned" is in "" in your cut and paste reply. All of the federal banks, JP Morgan Chase, BOA, Wells Fargo..., all own shares of the Federal reserve and make the interest on the dept through dividends. Those are the folks raking it in off a big chunk of the US dept. These banks are still largely held by members of the original central banking giants like the Rothschilds, Rockefellers, & Lehmans

[@queensgambit4982]

You are a very educated person .. the fed essentially controls and creates world debt ..

[@gregfeatherston1618]

The fact that they never taught us this in school just confirms that school is an absolute joke you literally dont learn anything useful

[@DeadSilence27]

If everybody was smart & had self worth Who would work low income jobs which is necessary to society It sucks but essential

[@helenoliver4838]

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.

[@georgereynolds906]

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.

[@greenquake11931]

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.

[@stellamoore720]

@@greenquake11931 The stock market is down 20%. Keeping my money in the 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 myself.

[@greenquake11931]

@@stellamoore720 I invest with 'BRIDGET MARY TUROW" a widely known consultant. You can make a quick internet research with her name, where you can easily get in touch.

[@stellamoore720]

@@greenquake11931 I’m delighted to engage in this opportunity, I just found the professional’s web page and have already written her.

[@massoudzahedi]

Never, any government would be able to pay off such a huge, massive, unreachable debt...

[@rogertayloRRR]

A central bank is not the country "itself". Sometimes that gets forgotten

[@williamrice1955]

We need a real National Bank owned by the people.

[@VonJulio313]

​@@williamrice1955 Too much power for the people

[@thinkngskeptic]

People tend to make the mistake of conflating the country and the government

[@The_Chad_007]

The debt is owed to the central banking system otherwise known as the federal reserve. Which by the way isn't federal by any means. It's privately owned.

[@Haijwsyz51846]

Privately owned? That means the United States is privately owned, doesn’t it?

[@Lumalnatti11]

@@Haijwsyz51846 I'm pretty sure I'm an owner of United States because I know I'm not an investor or I would see the returns by now and I know I'm not its slave because human slavery is illegal. Is it possible to be considered an investor without your informed consent?

[@Haijwsyz51846]

@@Lumalnatti11 you can't be an owner of the US unless US has become a communist country. But a good news to you is that you are an owner of the US debt if you consider owning debt is akin to owning property.

[@Lumalnatti11]

@@Haijwsyz51846 Interesting what you say about communism... Seems to makes sense that the amount of debt owned by US is equal to the amount of property owned also, or who would buy debt? Lovely, Thanks for your input.

[@westcoast8961]

It's been less than a year since this video and we owe 30.5 trillion dollars so NO we do not plan on paying the debt off but increase it. The sad part is bad government brings on more debt not less .

[@HH-lc8zw]

Please return our money, thank you

[@sootuckchoong7077]

The govt is now broke... but wait! They will easily increase the debt ceiling again to $40, $,50 or even $60 trillion dollars! Just watch!

[@wengelder9256]

@@HH-lc8zw of course debt is repaid . You are confusing repayment with decrease of debt level.

[@douglasscovil3447]

as the required interest payments on the natl debt increase, so will the total amount of the natl debt.

[@hubertwalters4300]

We will never pay off the debt.

[@ChiquitaSpeaks]

Putting your military all around the world and then tanking your dollar is a pretty genius strategy to maintain presence to be honest

[@magnolia8626]

Lol

[@Cynlixal]

The dollar has not 'tanked'.

[@ChiquitaSpeaks]

@@Cynlixal it’s pretty relative but still a debatable concept

[@gt-gu7rb]

This is one of the more accurate descriptions of US debt.

[@radu0015]

It is a negative spiral where they never can get out from. Sooner or later everyone will loose their money.

[@healingbyqurannow]

If you owe yourself you actually owe nothing, they just don't say it.

[@richardreger6026]

Just an excuse 2 attack social security and Medicare. As the main prob when defense waste alone dwarfs both

[@williamwaha3193]

@healingbyqurannow --,,The Government has no money of its own , Our U.S., Government is made up of ' CELLS ' . Each ' Cell Group ' acts Independently of the Federal Government but is supposedly overseen by the White House Administration and the 2 Houses of Congress , plus there are a few Civilian Governmental Watchdogs Groups . The Federal Government ' Borrowed ' money from the Social Security Agency when it actually had a surplus of ' Taxed ' Funds , meaning that the Social Security Agency hadn't paid a large enough payment to all of the Social Security Payees compared to the Social Security Taxes received by the Agency from all of the Eligible Tax Payers . Essentially what happened was that the Payees who were eligible to receive those Tax Based Benefits had died prematurely , leaving a Positive Net Balance within the agency itself . So the U.S., Federal Government ' Took ' that Positive NET BALANCE from the S.S., Agency , So then issued to that Agency ' BONDS ' . When the U.S., Government Pays back those ' Bonds ' it will have to do so with INTEREST . The Social Security Agency doesn't have its own money , All of the Social Security Funding comes Directly from the Tax Payers with a Direct Access Link for each Eligible Tax Payer and How much over How long they Paid in to determine their Future Eligibility for these pre-purchased Benefits . As these Separate Governmental ' Cell Groups ' are OWED MONEY by the U.S., Federal Government thereby meaning that indeed the U.S., Federal Government OWES ITSELF money , Large Over Bloated Governments are SO BIG that they really aren't 1 Single Entity . In this case Big Government has more or less 1 thousand different Agencies under Each 1 Single Department Created by the U.S., Federal Government . Where does the U.S., Wildlife Agency come under , is it its own Agency ? The Answer is No , It is in Fact Not its own Agency but rather comes under a ' Parent Agency ' Associated with The U.S., Federal Government . The Federal Wildlife Agency is a Federal Government Police Agency , Do they come under the F.B.I., or the C.I.A., ? No , they do not , they are not Affiliated either of those Federal Policing Agencies . The C.I.A., can not operate domestically , they are our International Policing Agency charged with Policing Americans who go abroad / Leave our Country . The F.B.I., is our Federal National Policing Agency who operates Domestically but only deals with our citizens who are People . The Division of Wildlife deals with our Wild Animal Populations and of course the Humane Society deals with crimes related to our Domestic Animal Friends who are not of the Agricultural variety , supposedly , and of course we have our Department of Agriculture which is supposed to oversee our Agricultural Businesses and Agricultural Animals . So what ' Parent ' Agency does the Department of Wildlife Come under , Do you know ? That is HOW BIG our Federal Government has become ... The U.S., Federal Government EMPLOYS more people than any other Private Corporation or Company does , in fact if you took all Privately Owned and Publicly traded American Corporations and Companies and combined their Employees into 1 large Group , The U.S., Federal Government would still have more Employees than the private sector .

[@healingbyqurannow]

@@williamwaha3193 I taught currency trading in wall Street 20 years ago, I also wrote theories about international Economics 18 years ago, Iam telling you the U.S. government can create money, they don't even have to print it. The reason this can be done easily is the U.S. currency is the reserve currency and the trade currency of the world.

[@buddyroeginocchio9105]

"Owing yourself" in this case is a fallacy. Social Security is funded by the taxed earnings of employees and employers exactly like 401Ks. People who pay nothing into SS own nothing, people who pay little, own little and so on. A treasury note has a specific holder or owner and it is not the in general "ourselves".

[@samcash6131]

Regardless of who owns the debt, governments should not spend beyond their means (or our means). Governments generally care nothing about debt because debt helps create inflation, and inflation provides governments with more income - from of course the struggling middle class.

[@vajraloka1]

Or give BILLIONS to other countries while spending our social security money that we paid in taxes for decades of hard work.

[@tonycarabellese9981]

The devil owns the debt. And it does matter. Why do you think everything is ass backwards and upside down? When the Federal Reserve which is privately owned and unconstitutional never been audited can print a pallet of money and bribe whoever they want and you would never know a thing that's a problem

[@tonycarabellese9981]

Zionist devils own the debt. Wake up sleepwalking Americans

[@pebble100c]

Debt issuance keeps the government in greater control.

[@colonel1003]

Paying billions of dollars for transgender “research” in Pakistan

[@GururajBN]

Bulk of the debt is owed to the rest of the world. Other countries keep their foreign exchange reserves in US treasury bonds and similar USD instruments.

[@martincaroline4841]

I'm new to stock market /Crypto and would like to invest but I've go no idea on how to make good profits. Pls what's the best approach you'd recommend?

[@JamesWilson-ep8vm]

Mrs Evelyn Vera service is really good, I invested $22,000 and made a profit of $81,000 after a week. I still wonder how she gets her analysis

[@JayEducation-zs6tw]

Debt is a two-way sword. On the one edge there is a complete desire to pay back the debt if all goes well. The other edge of debt is when we, the people, choose not to pay the debt. When this happens our reliability goes down, and our prices go up. Think about it. In 1965 I could buy a gallon of gas (0.26c), a gallon of milk (0.32c, from a cow), butter (0.16c, 4 cubes), bread, (0.17c), and still had money for Pop, (Shasta 0.5c, others 0.10c, leave the bottle). Now, after all those wars in the Middle East that we "won," and after all those freeways and bridges we sold to the private sector, and all that aide we've been cranking out, do you really think we paid those debts? All it took was to Blow Kennedy's head off.

[@sys3248]

Exactly. US currency values hanging through the ownership of key patents and OPEC oil trades that exclusively sold in US$. No longer in their industrial outputs and trade surpluses.

[@freedomskrieg6799]

Now explaining the US Unfunded Liabilities along with that would help explain a great deal more.

[@DarkepyonX]

That's a nonsense term really. Everyone who works and can collect retirement is an "Unfunded liability" . It's a buzzword created by think tanks . Your household bills are unfunded liabilities or UL till you pay them , in a nutshell every employee is a UL in several ways , Payroll , Retirement, Benefits are all UL , driving a car without insurance is a UL . People like Frank Luntz created the usage of the term and then it hit talk radio . It was literally a nonsense term to detract from Democrats reducing debt and deficit. You never heard anyone leaning left use that term . It's as bogus as the Email server hearings that were conducted by at least 8 people who also did their government work on private email servers after General Colin Powell was the first to use it . At the time well over 100 Senators and Congress had them . Gowdy and Chaeffitz both had them on their business cards and they were leading the charge 🤣 More importantly when the election had been decided they packed up the hearings , sealed the records and never mentioned again and now MORE people are using private email servers .

[@jillpatton3432]

@@DarkepyonX .. unfunded liabilities simply means that Medicaid and Medicare expenses are increasing faster each year than the payroll taxes (from employer and employee) fund these programs.

[@ConcerningReality]

I CAN'T UPDATE THE VIDEO TITLE FAST ENOUGH. SOMEBODY HALLPPPPP.

[@plushylifecool]

lol

[@josephpye9122]

What country has given urain the most arms

[@LEK-we2hh]

More tax we pay more big the deficit 🙈 They borrow, spend. We pay it back ))

[@robertpatterson3321]

You mean: "To whom does The US owe $38.2 Trillion dollars." , right?

[@itskarl79]

National debt is a lie, it's more like national elite laundering of tax dollars. Rich people/corps in our own country are collecting the interest on it, because they predominately own the debt. AND the debt was acquired through overpriced dirty politics, by ALL YOUR ELECTED government. DON'T accept the con....

[@DaPopeOfDope101]

If they owe their citizens about a third of the debt, that would be a little over $10.3 trillion. Divide that by how many citizens live in the U.S. (Roughly 332 million people) and you’d get a little over $31,100 per capita. (Not including debts to the Fed, foreign investors or its own institutions obviously) So in a sense, the U.S. government owes each of its citizens $31k. Yet they make us give up 20%-40% of their salary to the IRS so they can spend recklessly on whatever they want with no consequences (at least for the time being) wow…

[@MP-tf7cc]

Gee, what if the Dept of Defense located the $27 TRILLION missing and unaccounted for from their budget ?

[@bman6502]

MP, that’s chump change for the military.. they get $850 trillion annually so they don’t have to be financially responsible… and what’s even more insane, the general public is willing to cut their own benefits to give more to military..

[@ConcerningReality]

Oh look, in the day it took me to finish editing this video, the debt has gone up another trillion. It's about to pass 29 trillion. Neat!

[@henrygustav7948]

Daily Treasury statement table 3a as of today July 2022 Total Redemptions $698,746 -today $2,627,249 month $108,481,593 YTD in millions. For the year we have paid back 108 trillion USD in US Treasuries easily. No media, no politicians bragging about this. We pay off over 100+ trillion each and every single year and have been paying the national debt for 200 years.

[@Mrbikertomtom]

31 trillion now!

[@DarkepyonX]

Just put 30+ and growing with a link to debt clock in description

[@frodobaggins9474]

It can not be paid off, what i think is that one day something huge, financially devastating will happen globally and all the debts would be forgiven we start afresh.

[@crypteiansentry1922]

Nobody is going to forgive the USA for 31.8 trillion dollars when they crash. It will ruin every country that remains on the basis of using the USD as its form of global currency. Those that choose wisely and join BRICS will not suffer such humiliation and debilitating financial crisis. The only satisfaction open to countries like mine who will be like the band on the Titanic, is that those of us who are smart and have money invested in another currency will enjoy watching the death of the USD and its torturous role in global hegemony since 1973 as it flounders in its death rolls like a snake in a fire.

[@ConcerningReality]

I made this video nearly 4 months ago at this point and the US's debt is already over 30 trillion. Neat.

[@warriorz9451]

I think we can say is that they owe more than that. Add the total debt. What they promise but can't pay

[@jamesgough11able]

30 trillion. Trillion as with a T. It will never be paid off. The credit/debt system is a joke and is broken in my opinion. Fun fact want to know how much 1 trillion seconds is? It's roughly 136,000 years. So yeah that helps put trillions in perspective. 30 trillion will never be paid off. We need a new system. This system is broken and clearly doesn't work. The purchasing power of the dollar has been declining since it's inception.

[@henrygustav7948]

Hello, the US National debt is nothing but a record of all the USD the Federal government has spent, not taxed yet which sits in savings accounts. In order to pay back these Treasury bonds, the Fed debits a savings account and credits a checking account thru the use of a keyboard. The National debt = assets for the economy. It functions as our net money supply. As economist L. Randall Wray sums it here, “if we want our private sector to save, which almost everybody agrees is a good idea, the public sector must run a deficit.” And what happens when the public sector runs a surplus? The US has done so 7 times, and Wray has an answer: “The first 6 of those were followed by our only 6 depressions.” And the 7th was during the Clinton years, which led to a recession in the early 2000s and then a global financial collapse in 2008. 1817-1821 debt paid down & budget in surplus (depression began 1819) 1823-1836 debt paid down & budget in surplus (depression began in 1837) 1852-1857 debt paid down & budget in surplus (depression began in 1857) 1867-1873 debt paid down & budget in surplus (depression began in 1873) 1880-1893 debt paid down & budget in surplus (depression began in 1893) 1920-1930 debt paid down and budget in surplus (depression began in 1929 1998-2001 debt paid down and budget in surplus (recession 2001 2008)

[@henrygustav7948]

JFK and James Tobin Nobel prize winning economist. That the Heller council was able to be so influential with Kennedy is attributable in part to the tutorial function it played in his economic education. This is well illustrated by James Tobin's account of one of his sessions with the president. He wanted to talk about economics, economic theory indeed, He wanted to ask me some questions, but it turned out he wanted to give his own answers to them too and see if I agreed, almost as if he were showing how well he had learned his lessons. So he did most of the talking, and my own interventions were largely to confirm that his own answers to his questions were right. There were two subjects; the budget deficit and gold. On the first he said, "Is there any economic limit to the deficit? I know of course about the political limits. People say you can't increase the national debt too fast or too much. We're always answering that the debt isn't growing relative to national income? There isn't, is there? Well, what is the limit?" I said the only limit is really inflation. He grabbed at that. "That's right, isn't it? The deficit can be any size, the debt can be any size, provided they don't cause inflation. Everything else is just talk." Alan Greenspan: “Central banks can issue currency, a non-interest-bearing claim on the government, effectively without limit. A government cannot become insolvent with respect to obligations in its own currency.” St. Louis Federal Reserve: “As the sole manufacturer of dollars, whose debt is denominated in dollars, the U.S. government can never become insolvent, i.e., unable to pay its bills. In this sense, the government is not dependent on credit markets to remain operational. "The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default" said Greenspan on NBC's Meet the Press "Alan Greenspan: "I wouldn't say the pay-as-you-go benefits are insecure in the sense that there is nothing to prevent the Federal Government from creating as much money as it wants and paying it to somebody." Cspan- How can we spend 6 trillion dollars and all the other money Biden wants to spend? How can we afford it? Congressmen John Yarmuth House budget committee chair - We can afford it because we determine how much money is in the system. The Federal government is not like any other user of currency. Not any local state or Government. We issue our own currency and we can spend enough to meet the needs of the American people. The only constraint being that we do have to worry about inflation from that spending. Now so many people say We have so much debt, our grandchildren, its going to be on their backs and so forth, that is not how the way it works, and I think the American people need an education on how the monetary system does work. I remember going back when Paul Ryan was chair of the budget committee and even before all that, all of these forecasts about gloom and doom about how we are going to accumulate so much debt and interest rates are going to crowd out all other spending, we basically doubled the national debt from the recession in 2009 until last year before the pandemic. None of things that people warned would happen happened. We didn't have inflation, we had record low interest rates than higher interest rates and the dollar was trading at normal levels vis a vis other currencies. A lot of economists have begun to say maybe we have been thinking about debt in an entirely different way, Even Fed chair Jay Powell has basically said we have the Fiscal space to do what we need to do right now to make the investments we need to make to build the kind of economy for the future we all hope we will have.

[@crazystuff9899]

Don’t think so. I think the debt is not scary, what’s more scary is the rate at which it’s keep on rising. There will be a time when another currency will takeover. It could be crypto. It could be some other country with better financial system.

[@robertdean6222]

I have some government I bonds that I’m disappointing I ever purchased because when I do cash them in, they will be taxed. 🤷🏻‍♂️

[@lorenfranz3173]

The United States Public Debt is a big concern for a lot of people, and they have a right to be concerned, but not for the reasons they believe or have been told. No foreign country controls the majority of our debt, China has no real interest in seeing the US dollar collapse because if our currency fails, theirs fails too.

[@ernestayo6131]

Even if we wanted to, the US is way past the point of being able to repay the current National debt much less future obligations. Our currency will be destroyed by inflation and those depending on future funding will be left to die when the government defaults. I’m not sure there’ll be anywhere to run as this seem to be a world wide situation.

[@thejfactor1]

That’s not true. It would be practically infeasible politically to run a $1 trillion federal surplus for 31 straight years, but it’s not out of the realm of possibility.

[@benjaminlehman3221]

It’s easy if we cut spending and didn’t increase the budget for 10 years and allowed the economy to grow naturally. Then allow the budget to grow with the economy

[@petersack5074]

Like many Americans, the federal government is shelling out a lot more money to cover interest payments on its debt after a series of Federal Reserve rate hikes over the past year. The Treasury Department paid a record $213 billion in interest payments on the national debt in the last quarter of 2022, up $63 billion from the same period a year earlier. The fourth-quarter tab was also nearly $30 billion more than in the prior quarter, which is the largest quarterly increase on record, said Jerry Dwyer, an economics professor emeritus at Clemson University. Borrowing costs are expected to become an increasingly heavy burden in coming years. The Congressional Budget Office is set to provide its latest estimate on Wednesday. The surge is due mainly to the Federal Reserve raising interest rates by 4.25% between March and December. The central bank increased the rate another quarter point in February. Until recently, it cost the federal government very little to issue debt to finance its operations. “It was almost free money,” Dwyer said. “You could borrow a trillion dollars, and if you financed it with Treasury bills, you paid almost no interest. But interest rates weren’t going to stay there forever.” The national debt is once again in the spotlight now that the US has hit its $31.4 trillion debt ceiling, forcing Congress to take action or risk a catastrophic default. The Treasury Department is taking extraordinary measures to allow the government to continue paying its bills in full and on time, which it expects to last at least until early June. The spike in interest payments also contributed to the federal government hitting the debt ceiling that much faster. And it adds to the pressure on Congress to raise taxes, cut spending or allow the government to borrow more to meet all its obligations.

[@entertainmentjoke2871]

I can relate that! I always accumulate the debt from credit card by spending future money, borrow from credit card to pay off current debt from current credit card.

[@silentwatcher1455]

You are heading for trouble.

[@thulomanchay]

You using one credit card to pay off another credit card spending, that is in essence what the US is also doing. They borrow to pay off past loans, and repeat.

[@araara4746]

that is ponzi scheme...

[@intello8953]

Thank God I’m 30 years old and I’ve never touched or been tempted to have a credit card. If I don’t have the money I’m not gonna pay for it simple, even in an emergency I don’t mind living on the bare minimum to get my feet back up. Rather then going in debt for something temporary 🤷🏾‍♂️

[@silentwatcher1455]

By doing that you are buying time but you are increasing your debt. You are headed for huge financial disaster .

[@arktom7335]

With everything going on right now, the best decision to be on any creative man's heart is having a profitable investment strategy.

[@charles2395]

Investing is the code for having a successful financial life, investing with the right expert would free you from modern financial slavery. Investing in crypto now is really cool especially with the current price in the market for now

[@lea5898]

I have loss severally trying to trade on my own. Can someone tell me the best way to win instead of losing more?

[@leither-truth4414]

@@lea5898 I strongly advise you against self trading, it's really dangerous and has brought many investors down, you need someone with the right strategies and expertise to do the work for you, I recommend Mr fergus Waylen expertise.

[@Richardson238]

he's really a professional. For this past months, I keep earning $11,800 weekly profit having invested $4,200 and working with him

[@adamalker71]

I have also been trading with him and the profits are secured and over a 100% return on investment directly sent to your wallet. Lack of trade discipline is the primary reason for in day trade losses. It is estimated that nearly 80-85% of day traders end up losing money in the stock market

[@quin2203]

This didn't age well. $27.2t and we're currently at $34.8t.

[@ConcerningReality]

I know, I can’t keep up 😔

[@tihokoturr007]

If borders was closed between October to April during Pandemic - way Less dead people & financial damage would be done to American people !!! Looks like Top Elite Wealthy individuals pocket taxpayers moneys 😞😞😞

[@smetljesm2276]

When dollar loses its reserve currency status the misic stops for "owning" their own debt and other countries will not be easily convinced to loan them any money... Now you know what's up in the world 😅

[@davidlaw9686]

If there's no consequence, every country can print their own money.

[@jeffhurtson5211]

The US has enjoyed the privilege of being the worlds reserve currency, which is what allowed the US to print and barrow as much as it does. Most other countries would have collapsed by now.

[@davidlaw9686]

@@jeffhurtson5211 that's true. But the world had taken this long to realize the inequitable situation, that they had been had.

[@perer005]

The bonds themselves really don't care if the current owner is from the US, Germany or China, they will need to be repayed on the due date regardless. Giving the impression that bonds held by the US is "loaning to yourself" is very misleading.

[@joeoreilly1479]

If America just print money and borrow it out. Then they are really borrowing out paper money not worth nothing. How do they verify that they are lending out real money .Or are the the banking corporation of the world with no check or balance.

[@perer005]

@@joeoreilly1479 Countries don't "print money and borrow it out". The central banks buy or sell assets on the market like everyone else. If the value of a countries currency decreases then a central bank may need to adapt the assets they are trying to sell, like increasing the interest rates on the bonds being sold. The "real money" you are talking about is most likely no longer being used.

[@joeoreilly1479]

@@perer005 yea but who does the checks and balances .we know about the bonds market. And Governments of so called state borrowing money and buying a bond from such and such when they could go and borrow it from the people of the state who have money lock up in the banks .Getting no interest surely that's the first place a state should go is to the people .no they go to a bond market . giving big conglomerate bigger interest. corruption is ripe and always has been.we can dress it up no matter way you like.You can't start a bank because of government laws that are against the people but you can bring in vultures funds to buy up every building standing .homes ect you name it they can buy it but we the people have no voice Most of the politician of any country in the world are millionaires. Their interest in first place is money .So tell me do or should we trust them .Look at the interest rate now when prices are sky rocketing not because of anything to do with Europe but because of government borrowing because of the Ukraine problem now how does that work. They deliberately made this problem knowing it's going to break the people into right and left. Problem are made not solved but by the people. But now we the mass have had enough. Time for those who see to speak out. I'm not ranting to you if it sounds like I am I apologise. The media have made those who speak out. To be right wing or racist and label everyone with an opinion So what they sow they will reap .

[@MrPrimoPR]

Has anybody ever tough about why it’s not really feasible to live without debt? Money is consumed faster than it can be made. The only thing that keeps the modern world moving forward is trust. Some countries have more , some less and some none.

[@MM-ig1iv]

It was invented from debt!

[@MM-ig1iv]

And interest

[@MrPrimoPR]

@@MM-ig1ivon the spot.

[@colorgreen7]

Who's gonna pay for it? The Decepticons ?

[@WhiteBird01]

It’s absurd. Every year, the country accumulates more debt, continually paying interest on the interest rather than repaying the principal amount borrowed. ☹️

[@mohammadtariqikram8482]

I still didn't get the idea, who should the US government pay this amount of money to?

[@kgprasad100]

US Dollar is world coupon which everybody uses to buy sell things .. say Pakistan buys saudi oil in US dollar coupons .. So Uncle Sam can print infinite coupons and buy Infinite Stuff from rest of world and not work a day .and inflate their currency and deflate(devalue) other currencies and enjoy good clothes suits made by poor bangladeshi, indian , pakistani and chinese workers

[@DavidEVogel]

Whoever holds the US Treasury securities.

[@jimwerther]

Nice video - straight to the point, not dragged out. Well done.

[@jaysonfabiyi942]

There's still something I don't understand, when foreign countries come to cash in their bonds, are they given physical U.S. dollars? what would the U.S. actually give back to China in exchange for the bonds?

[@ConcerningReality]

Usually it's just a payment through a bank account, but they would get USD.

[@jaysonfabiyi942]

@@ConcerningReality ok thanks so much for answering

[@DavidEVogel]

when foreign countries come to cash in their bonds, are they given physical U.S. dollars? Yes. Treasury securities must be purchased with USD and redeemed for USD.

[@henrygustav7948]

They debit the savings accounts of foreign countries who have an account at the Federal reserve called a securities account and credit that countries checking account called a reserve account. Voila, paid back. The US Fed govt pays back 100+ trillion in Treasuries each and every year.

[@thinkcat01]

Jayson Fabiyi Give them US dollars.

[@syedmohd4707]

With that Debt Ceiling so huge, The only thing I can say is CRAZY, THE WORLD TRUST NOT THERE ANYMORE, No more...IF I HAVE TRILLIANT OF DOLLARS IN MY POCKET, i would not buy the U.S. Bond, not EVEN 1CENT, TO SAVE MY MONEY...

[@user-td1fi6vu2t]

The money we pay in taxes is not put in Ft. Knox to pay bills. It is used by private investors to play with.

[@chrishouseman4781]

The fact that there's any debt at all is ridiculous the government should have to balance the budget just like every household and company has to do

[@jameswalker590]

And you should get a list (electronic so there's minimal cost) of where the money is going.

[@GlocknessMonster1738]

And yet I somehow owe $200 in taxes this year?🤣 I’ve never been in debt of any kind in my life and they want money from me now? Classic🤣

[@juangerena3]

The debt will never be paid it’s to high

[@DavidEVogel]

Get you facts right. The US Treasury has never defaulted on its debt.

[@davidwalsh6608]

The truely amazing thing is if you look at the 2022 10 year budget projection it saw £25T in 2023 at 2% interest and a $1.4T deficit. We actually have $31T at 4% interest, thats an extra $1.4T interest to pay. So in four years the interest paying debt will be £40T and rising fast say lenders now want 5% interest due to higher risk we will be spending $2T on interest alone thats 50% of teh country's tax base. So the deficits and interest rates will rise higher into bankruptcy.

[@glennt1962]

Great explanation, thank you. I hope the rest of the country sees this.

[@1esteemed5]

love this channel

[@ConcerningReality]

thank you!

[@goatface6602]

There is no way to avoid default. It’s just a matter of how. Outright default, or hyperinflation. Prepare accordingly.

[@gsp49]

After the war, everything will be fixed.

[@BestOfTate23]

Isn’t debt supposed to be paid back though? They never pay back a single dime, just rack up more debt. How would they go about paying off such a debt? Also, it’s not really a debt if you owe yourself? Whole thing’s so confusing

[@ConcerningReality]

The debt is consistently paid back to the people that bought the bonds, in our current situation debt continues to go up because new debt is being taken out faster than old debt is being paid off, which just means that the size of future bond payments will go up.

[@surajgiri3828]

sounds like a ponzi scheme

[@aliehudson6796]

@@surajgiri3828 it is

[@henrygustav7948]

You are on the right track, it is NOT a debt if you owe yourself as you can not "owe yourself". All Money is an IOU/debt Hello, the US National debt is nothing but a record of all the USD the Federal government has spent, not taxed yet which sits in savings accounts. In order to pay back these Treasury bonds, the Fed debits a savings account and credits a checking account thru the use of a keyboard. The National debt = assets for the economy. It functions as our net money supply. As economist L. Randall Wray sums it here, “if we want our private sector to save, which almost everybody agrees is a good idea, the public sector must run a deficit.” And what happens when the public sector runs a surplus? The US has done so 7 times, and Wray has an answer: “The first 6 of those were followed by our only 6 depressions.” And the 7th was during the Clinton years, which led to a recession in the early 2000s and then a global financial collapse in 2008. 1817-1821 debt paid down & budget in surplus (depression began 1819) 1823-1836 debt paid down & budget in surplus (depression began in 1837) 1852-1857 debt paid down & budget in surplus (depression began in 1857) 1867-1873 debt paid down & budget in surplus (depression began in 1873) 1880-1893 debt paid down & budget in surplus (depression began in 1893) 1920-1930 debt paid down and budget in surplus (depression began in 1929 1998-2001 debt paid down and budget in surplus (recession 2001 2008)

[@DarkepyonX]

@@henrygustav7948 so true so true , when Clinton balanced the budget and made a surplus it sent alot of the world plunging into financial chaos and hell . This is my own theory but Terrorism against the US was near non existent till Clinton , I'm pretty sure alot of these groups were funded via bonds and suddenly we bankrupted them and they came at us . Zz

[@RoobieRhoo]

Last I checked, the Fed owns about $6 trillion as a result of massive monetary easing since 2007 financial crisis. Those bonds are still earning interest, and the Fed is required by law to remit profits (after expenses) to the US Treasury. The Fed has effectively paid off that debt and is making money by holding its own debt. It's a great gig if you can get it, the government can. So long as the full faith and credit of the US is upheld, our debt is a safe bet. Default would certainly be a default on Americans. As pointed out in the video, most of our debt is held in public and private retirement accounts, social security and Medicare ("entitlements" we pay for), state and local governments, our financial system to include the Fed and support for the dollar. In many ways, our debt is more a measure of our financial wealth and economic power than a ticking time bomb. The US government (through the banking system) is the monopoly issuer of the US dollar. It's odd to think if the US paid off all of its debt, there would be very little money (if any) in the economy. Possibly the only money circulating the economy would be money created when we take loans from banks authorized to create credit. We no longer pan money from stream beds, it is created by issuing debt. One's credit worthy liability is another's asset. When the government borrows money, it issues a bond that is a liability to the US Treasury and an asset to the creditor. That is the creditor's money saved in a timed savings account not unlike a CD we may own. That's the creditor's money. When the government spends borrowed money into the economy it creates deposits in the banking system for the recipient of that spending. That is the recipient's money. This is how the government "prints" money. Unfortunately, however, our debt always increases because revenue is tax insufficient. So, the government must borrow more to grow (invest) in the economy in ways the private sector does not like infrastructure, the military, and even social programs (whether we agree with them or not is a matter of appropriations and a majority vote in congress. Spending circulates the economy creating jobs, consumption for businesses, and increases tax revenue.

[@pebble100c]

The reality is that there is an independent, foreign, European bank labeled "The United States Federal Reserve Bank" that finances the US government. Therefore, it's 12% ownership of debt should rightfully be called foreign. Adding this to the other foreign countries at 30% gives a 42% foreign debt leaving US entities at 58%, which is close to the video's figure of 60% (33% US Investors & Banks + 27% US Government).

[@jeffhurtson5211]

independent yes*, that's not usually considered a bad thing when you have to compare it with dependent central banks, like the bank of Turkey, who is forced to have low interest rates, and high inflation for political considerations. There is also the fact that 7 members of the board of governance are appointed by the president, approved by congress. The FOMC (the committee in charge of fed policy) has all 7 board members + 5 out of 12 federal bank presidents. the FED is an agency in the US. Federal banks could be considered "Private" because they have stock, but banks are required to own stock in a FED bank to participate in the Federal Reserve System. this doesn't make banks owner of the FED though, Banks are only able to appoint 6 out of 9 board members for each district bank. So in conclusion, the FED is a Agency, with a board of Governors that is appointed by the President. These Governors form the FOMC which controls FED policy, and the Governors have a permanent "majority" over the presidents of the Federal Banks. (P.S. I would recommend reading these, Its important to know.) www.federalreserve.gov/aboutthefed en.wikipedia.org/wiki/Structure_of_the_Federal_Reserve_System

[@DennisJack-km8ho]

Given that the debt problem has the potential to devastate the stock market and cause economic downturns. We must be ready for any turbulence in the market. How can I prevent the decline of my $250K stock portfolio?

[@CrystalJoy-32]

I've read that there seems to be a combination of things. The instability is exacerbated by high levels of personal, business, and government debt. It resembles an ideal storm. To assist you in allocating stocks in your portfolio, you should speak with an expert.

[@RuthEvelyn-rc3bg]

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[@Sampson-jh7yq]

That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with please?

[@RuthEvelyn-rc3bg]

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[@albacus2400BC]

Thank you for the recommendation. I'll send her an email and I hope I'm able to connect with her.

[@pappagallagher2227]

Ponzi scheme

[@jeffboothbyr.f.9249]

Love the short to the point video.

[@AlsanPine]

yea... the real problem here is that most people think our national debt is like their personal debt. same word but there all the similarity ends. you do not want all the national debt to be paid back. the "national debt" is more in demand because more and more people are making more money around the world and do not want to invest their money in risky places so they buy bonds. this is why you have 30% of our bonds held by foreigners. it is not a sign that our government is living beyond its means... it means our bonds are highly sought after as secure investment. all this, of course, is irrelevant to the argument that we should raise our debt level. we have already allocated the debt... this raising the limit that the gop keeps messing with is not about spending... that decision is made when congress approves a spending plan. this is like buying stuff and then refusing to pay for it. if we default, that idea that we are a safe investment will go away then we are going to be screwed. defaulting is a very serious thing.

[@Rob-fx2dw]

The explanation given in this presentation omits the actual critical part of what the impact of the national debt has on everyone. It is an expansion of a debt liability for every person in the economy since all of the treasury securities that funded the national debt and which comprises of must be paid back on maturity of those treasury securities. The only source of money to pay it back comes from the taxpayers and that is an added burden for all of the debt that has to be paid back to foreign sources since the citizens in the economy do not financially benefit at all from it.

[@willtrap4food698]

I think we’ll pay it off when we default on our debt

[@ConcerningReality]

Seeming like the likely option - can we declare chapter 11?

[@lchansocal]

@@ConcerningReality Chapter 11 is to protect someone from lender collecting the money by US authority. No one in the world could come to US and demanding returning the $ with our military muscle to back us up. The only consequence we are facing is nobody would trust us anymore.

[@bradleytguthrie929]

This is extremely positive. I thought the national debt was money borrowed to fund ourselves. Now I better understand its effects on the US economy and the spending will destroy us.

[@Aaron-8989]

Those numbers are going to infinity ♾ and beyond but what happens if the US pays it all off?

[@rupkathamandi5698]

@l , nice .....where do i sign up?

[@DavidEVogel]

but what happens if the US pays it all off? Never happen.

[@kayleebridgeman4922]

wait where do we get money to pay it off

[@jamesstetzer650]

No it will never be paid it's difficult to even get ahead of the interest part of the debt

[@patriciabalcazar3361]

Thank you for your information, I really wanted to know more about this

[@mosesmanaka8109]

Excellent video, well explained and to the point. 👊🏿👍🏿

[@robertfoster7807]

this video is bullshit it does not explain the real truth

[@fahedal-ajmi4015]

If there was any intention to pay off debt they won't keep moving up the ceiling 😂

[@alexsteven.m6414]

Interest rate is currently at 4.75%(8th rate hike since March last year) Inflation at 7% and mortgage rates is at over 7.5% but yet minimum wage remains the same and my retirement portfolio has suffered tremendously these past years, so my question is how do senior citizens retire and live off such unstable economy. The long term game is obviously not for me at this point My reserve of $450,000 is being wiped out and I'm saddened that despite investing, I lack the mental capacity to analyze and determine whether now is a good time to buy stocks or not. I honestly don't know what to do at this point; I need reliable market trajectory data.

[@fresnaygermain8180]

I'll suggest you find a mentor or someone with experience to guide you especially in this recession.

[@yolanderiche7476]

@@fresnaygermain8180 I agree; for over 17 months, I've maintained regular contact with an investment advisor. Nowadays, it's really simple to invest in trending stocks, but the challenge is knowing when to sell or hold. To support me with entry and departure points, my advisor steps in. Within 18 months, I've accrued almost a million dollars from an originally stagnating reserve of $300K.

[@bernisejedeon5888]

@@yolanderiche7476 I've been thinking of going that route, been holding on to a bunch of stocks that keeps tanking and I don't know if to keep holding or just dump them, think you investment coach could guide me with portfolio-restructuring

[@yolanderiche7476]

@@bernisejedeon5888 My advisor "Julia ann finnicum", is a highly respected financial consultant in the industry. For further information or to connect with her, a simple online search with her name will suffice. I wish you every success in your endeavors

[@belobelonce35]

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[@williampennjr.4448]

It always get me when people say "why doesn't the federal government just forgive the debt?" These are the same people that think raising the minimum wage makes things affordable. This video should be shown in every high school.

[@dracorpgroup]

>Since that speech by President Nixon in August of 1971 the US dollar to Gold link has been severed. This allowed US Federal Governments to spend in huge deficits each year since then except for a brief period in the mid-nineties. The effect of this has been that the US dollar has continually been devalued. A US dollar today is worth about three cents compared with a US dollar of the 1971, a factor of roughly thirty times. >This devaluation of the US dollar is the real source of inflation. The reason is simple: it takes more of these devalued dollars to buy anything. The factor is clearly, again, is thirty times. Look at the prices of things in 1971 and today. Just about everything is more expensive by a factor of thirty times. The increase in prices is simply the reaction to this devaluation of the dollar. Wages and salaries have not kept pace with this. >The bottom line is that over eighty percent of all new wealth created since 1971 has ended up in the hands of one percent of the population, offshore and not taxes. The Federal government has replaced that lost taxation with public debt. In 1971 it was possible to purchase a very modest home for $10,000 but today that same house costs $300,000. More to the point: in 1971 a single family income could buy that house, whereas, today it takes two household incomes plus debt to support a family income. Thank you for reading. Please comment.

[@BurdenofTheMighty]

In America, you are either a lender or a borrower but never neither

[@danherrick5785]

I'm off grid - I'm a neither...

[@davesims7917]

There was a lot of words being used but nothing was being said… Why would anyone think a bond is a good investment when the dollar is guaranteed to inflate by constantly increasing the money supply? I think foreign governments are smarter than that so I think there’s a little more to it than you explained.

[@ConcerningReality]

This was a fairly basic background to government bonds and debt. If you’re really curious about why someone would buy bonds in more detail, here’s a good article from Investopedia on treasury bonds as investments: www.investopedia.com/ask/answers/041515/treasury-bond-good-investment-retirement.asp You can also check out our video on bonds here: kzbin.info/www/bejne/hJCTlWZrf9uohZI

[@DavidEVogel]

Why would anyone think a bond is a good investment Because it is the most secure bond in the world.

[@henrygustav7948]

Increasing the money supply has nothing to do with inflation. Zero, nada, zip, zilch. We are off the gold standard. The money supply expands and contracts every single day. The money supply has increased by record amounts since 2010-2020 and the Fed has been trying to get inflation to 2 percent and they couldn't even do that. So no increasing money supply has nothing to do with inflation. Inflation is you paying more and someone else getting more. Look to corporate profits in a pandemic and you will be closer to understanding inflation.

[@samuelhorrocks9187]

@@henrygustav7948 Look up when the us got off the gold standard. It hasn't been on it for years.

[@henrygustav7948]

@@samuelhorrocks9187 correct since 1933 domestically then 1971 internationally when France tried to demand gold. That is when Nixon ended convertibility completely.

[@radar0412]

What does a National Debt Doomsday look like? Or is it like the 2009 Mortgage Crisis? That is, you have to experience it first in order to understand it.

[@johnwoll8071]

Read Robert Hockett "Money From Nothing". Public Debt is one side of the accounting ledger; on the other side is Public Wealth. Increasing the debt is increasing the wealth.

[@user-ih9dg3uz5y]

I owe a total of 587,000 who owns this debt? Can you tell me?

[@tomb5552]

When you buy Chinese products, which is almost everything. They take their horde of dollars and buy US Bonds. It’s the same thing with Honda and Toyota, they buy bonds. If all the money was spent in America, and businesses were paying taxes on it. America could pay off 1/3 of its National Debt.

[@OldBaldDad]

What's going to happen when the government can't afford the debt payments anymore? There are a lot of ways this could go, and none of them look good to me, but I'm not an economist. If the US economy suffers, a lot of the world will suffer with it, so there's a lot of incentive for many countries to help keep the US solvent. In the long run, are there any viable alternatives to defaulting on debt payments and/or massive inflation? What are the experts saying?

[@ConcerningReality]

The government can always afford payments, it prints its own money. That said, One strain of thought is that we can run endless debt, check out my MMT. The more conservative thought would be we need to lower our overall debt and start running budget surpluses to bring our levels down.

[@OldBaldDad]

@@ConcerningReality The thing that worries me about printing more money is that we'll eventually need enough of it that it'll have a significant impact on inflation. Too much inflation obviously has some problems, one of which is that it could hurt the government's credit rating and cause the cost of debt to go up, which could lead to everything spiraling out of control.

[@carlhammond183]

The global currency reserve is the problem. Fiat currency ALAWAYS comes to an end.............

[@VCschwabby]

I used to be appalled by the amount of federal spending, but after some thought…. we have the huge military, and I don’t think we could have been able to develop the technology, or attain the massive amount of machinery (tanks, hummers, choppers, carriers, planes, etc.) without taking the US off the gold standard in 1971. We needed to print money to develop the military. The national debt in the US is rising to a point where I don’t believe we could afford to pay the interest much less start paying it down. The amount owed is going up 100 million $ an hour. So…. if we didn’t print money and stayed on the gold standard, our military defense would not be even close to what it is now. Would Americans be safe? Would we constantly be in wars because we wouldn’t carry such a big stick so to speak, and other countries maybe more likely to try to take the US over. I’m not worried about the draft like my parents had to be. So… IMO, FJB but I can see(if my theory is correct) why he is like, F**k it. Go nuts spend whatever! Build back better b!tche$, where is the bathroom!

[@MrLaonation]

When America shut down bc of covid the world was fine but when China shut down 1/3 of the world stopped normal day life who really controlled the world most the good come from China

[@silverskyscraper1179]

Who owns Israel’s debt?

[@allen2634]

One foreseeable consequence of this huge debt is that the dollar will become valueless and will be replaced by the digital currencies...

[@Clement-vf5eu]

😂😂😂😂 dumb AF theory

[@petergray-nd3vq]

How the hell a country owe itself! That's crazy!!!

[@pot_kivach160]

...poor, POOR "explanation". I mean: this is a try for explanation. The explanation failed. No sound mind can understand that.

[@AntGeezer]

National Debt is what my mother used to call the ‘never never’

[@universityofknowledge5848]

Lease and loan act ??????What happens when currencies are no longer accepted?????(Liquidation)

[@awakened5574]

The person(s) who spent the money should be responsible for repaying it. And if they overdrafted then they should pay that with interest! I didn't benefit from that money that politicians spend frivolously or STEAL for their own benefit, so let them pay for it! I believe it's time to tell all of those politicians to pay their own bill....they spent the money! And make us put more money into the bank so they can spend more.....they must have beautifully big Christmases for their families!

[@vladimpaler3498]

No, it will never be paid off. Read "This Time It's Different". Governments always find a method of default.

[@thinkingoutloud6741]

Talking about the U.S. debt without addressing the money supply is criminal dissembling and VERY deceptive.

[@ryanorr5755]

correct me if im wrong but paying it off would take the money out of circulation and cause a huge vacuum in the economy. probably causing it too shrink, it would reverse inflation, which would be good but make it harder to obtain cash since the economy shrinks

[@Dennis-nc3vw]

More than 40% of all national spending is on Medicare and Social Security. That's more than twice as much as the military. The only way to solve this debt crisis is to raise the retirement age.