What Happens if the U.S. Debt Ceiling Is Hit? | WSJ

[@AllisonSherman7]

With changes in the economy leading to instability in the stock market, some individuals may face a decrease in their investments in an effort to benefit from the current market conditions, I am considering liquidating my $725k portfolio consisting of bonds and stocks. Someone else in the same situation? Please tell me in the comments!..

[@MaryTongx]

would suggest you thoroughly evaluate the companies you have invested in and their estimated future performance, as we may expect to see the market decline further. To minimize stress and improve efficiency, it might be wise to seek the assistance of an investment advisor to help restructure your portfolio and identify any underperforming investments to offset. This approach has been successful for me and has reduced my stress levels.

[@AllisonSherman7]

I have been exploring the possibility of utilizing advisors to help navigate the stock market during these uncertain times. However, I am still evaluating their potential effectiveness in providing the support I need. @@MaryTongx

[@MaryTongx]

Christy Vallen D'souza is an esteemed coach known for her proficiency in her area of expertise. You probably might have come across her. I found her on a CNBC interview where she was featured and i reached out to her afterwards. She has since provided entry and exit points on the securities I focus on. You can carry out a quick internet research on her name for more info. I basically follow her market moves and haven’t regretted doing so... @@AllisonSherman7

[@AllisonSherman7]

I was considering changing my investment strategy and planning to sell certain positions. As my retirement is coming soon,I became increasingly stressed. After thoroughly researching Christy Vallen D'souza on internet, I concluded that I had made an informed decision. Thank you for this Pointer. She seems very proficient and flexible. I booked a call session with her too. @@MaryTongx

[@Greggsberdard]

No worries, the debt ceiling will be rise again. The US debt ceiling has been rising for the last 68 years or more 😁😁😁I'm curious if people who went through the financial crisis in 2008 had an easier time than me right now. The stock market is making me really worried because I've lost over $ 27,000 in just this month and I'm not making as much money as I used to. This is making me concerned that I might not have enough money saved up for my retirement since I can't add to my savings.

[@raygordonteacheschess5501]

The debt ceiling is theft. We must stop raising it.

[@BateserJoanne]

Investing in stocks can be wise with a reliable trading system. Focus on learning when to buy and sell to minimize losses and maximize profits, and be prepared to capitalize when the market rebounds.

[@VictorBiggerstaff]

The market doesn't have to feel like a rollercoaster if you know your way around. There are various opportunities to profit in the current market. If you're not too savvy, consider buying and holding strong companies with good earnings, or consult with advisors on ETFs and actively managed funds. I've seen a 418% increase in one year under guidance.

[@HectorSnipes]

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

[@VictorBiggerstaff]

Her name is. 'Sharon Marissa Wolfe” Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@MarkSlavin1]

Two years ago nobody could predict the dollar condition we're witnessing today. The u.s continue to double down on the same mistake that brought the dollar where it's. Therefore,no guarantee that the grass of the dollar would not be faster than it's envisaged

[@MalindaDeleon]

Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival

[@Adukwulukman859]

These are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The bigger the red candles, the bigger the green ones

[@ZITABELCOMEDY-xf1ws]

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

[@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 financial advisor is LAURA MARIE RAY. A middle aged lady from USA who really knows her stuff

[@EmilyMoore-n7n]

We Are in Unchartered Financial Waters! every day we encounter 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 $480,000 savings vanish after putting in so much effort to accumulate them.

[@mrmgma]

@@midnitekingdrama2558 modern problems require modern solutions

[@shadypark78]

Inflation can cut your $480,000 to the bone, just as easy as a recessionary dip in the market. Not to mention people like me that don't have anywhere near that kind of money in the bank. 60% of Americans cannot cover a $400 emergency. Massive spending cuts are an absolute must, so that people who are barely making it can eat. Combined with tax cuts, a reduction in spending, will make this economy that was thriving under Trump come back. The economy went right in the toilet when this pedophile Biden took office. Soon Trump will be President again, and the markets will explode.

[@ajward9112]

As someone with little to no financial experience, wouldn't it be safer to take all the money out? Put it in a safe or something to keep it safe? You retain your savings in full that way.

[@tomsugars566]

@@midnitekingdrama2558 im thinking black

[@ClementRusso2]

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

[@VickyAlvy]

@RodxmirixmThank you for the advice. I had no trouble locating your coach, and I conducted thorough research on her before arranging a phone call. She appears highly skilled based on her resume.

[@Raymondjohn2]

Well the recent events with SVB make it unlikely for the market to make significant gains soon, so it's wise to manage expectations and prepare for a potentially long recovery period. It's recommended to avoid making significant investment decisions until the economic environment stabilizes in areas of concern. It's best to exercise caution and avoid engaging with the current turbulence.

[@hermanramos7092]

Bad start to the year with these banks collapsing, META down 40k, ALLP down 35k, Draft Kings down 6k, NIO down 15K, ABML down 8k, and my wife doesn’t know. I'm just hanging on to Jim Cramer's words about opportunities in volatile times so perhaps, I either wait for a recovery or pick profitable investments to substitute for my loss.

[@lipglosskitten2610]

There are quite frankly a number of ways to make high yields amidst volatile times, but such trades are best done under the supervision of a portfolio-coach

[@bob.weaver72]

@@lipglosskitten2610 I’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?

[@lipglosskitten2610]

@@bob.weaver72 I have stayed away from all of the issues that the erratic market presents. Today, reading, research, patience, and seeking guidance when necessary are the greatest ways to break into the market. I merely copy Catherine Morrison Evans, a CFA, whose actions I witnessed on Bloomberg Business News because I am unable to handle my portfolio owing to the nature of my profession. Ever since, everything has been easy.I recommend researching her credentials further.

[@Raymondjohn2]

@@lipglosskitten2610 Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.

[@MichaelTrap-m1h]

Great video,despite the inflation,productivity never happens by chance;it is always the result of careful preparation,dedication, and consistency.i thank GOD for my advisor MR. Yuval Eric Brokman; with his assistance between $10,000 and $25,000 every week.

[@RobertVardy-r7i]

his method is accurate and demonstrates that he has a lot expertise;it is critical to work with a professional while investing,especially as a newbie;this is why i also work with MR. Yuval Eric Brokman.

[@RobertVardy-r7i]

working with specialists like Yuval Eric Brokman in any pitch will likely result in improvements and profits..

[@MichaelTrap-m1h]

google his name

[@MichaelTrap-m1h]

Yuval Eric Brokman.

[@MichaelTrap-m1h]

you will find his webpage.

[@HafezBd]

Even if the market keeps falling, if you're an expert, you won't have any trouble making big gains despite the downturn. How long you are willing to hold will determine everything.

[@godof-ou1dw]

Despite the current economic crisis, I also found that many people are still making six-figure salaries; the only difference is that these tactics are commonly used successfully by those who have a good understanding of the market.

[@patrickperez7387]

During this recession, I've seen a lot of people earn six figures, but I've also observed that these strategies frequently only produce results when used by people with in-depth market knowledge.

[@harod033]

@@patrickperez7387 I need assistance coming up with improved strategies to safeguard my portfolio following the significant falls. Who should I consult for advice?

[@patrickperez7387]

@@harod033 It was managed by Ruth Loralann Brennan, who I discovered and contacted as a result of a CNBC interview. Since then, it has provided the entry and exit points for the titles we have focused on. If tracking is required, an internet search can be done.

[@AustinReid09]

@@patrickperez7387 Simply by pasting Ruth's full name into my browser, her website immediately displayed. I appreciate you sparing me a lot of time-consuming research.

[@checkforme234]

I would say TAKE ADVANTAGE OF THE RECISSION! Recessions are an unavoidable part of the economic cycle; all you can do is prepare for them and plan accordingly. I graduated into a slump (2009). My first job after graduating from college was as an aerial acrobat on cruise ships. Today, I work as a VP for a global corporation, own three rental properties, invest in stocks and businesses, run my own company, and have increased my net worth by $500k in the last four years.

[@kimyoung8414]

I completely agree with you; they can have a positive impact on an individual's portfolio. I started with a trust Financial Advi-ser named “Helene Claire Johnson'. She is verifiable, and her approach is transparent, allowing me full ownership and control of my portfolio while charging very low fees in comparison to my portfolio earnings.

[@jessicamoore3093]

I completely agree with you; they can have a positive impact on an individual's portfolio. I started with a trust Financial Advi-ser named “Helene Claire Johnson'. She is verifiable, and her approach is transparent, allowing me full ownership and control of my portfolio while charging very low fees in comparison to my portfolio earnings.

[@jessicamoore3093]

Most likely, you can find her basic information online; you are welcome to do further study.

[@thomasjonesiv1347]

It will most likely be a depression. So normal strategies are not going to benefit you like you think.

[@gregfawcett5152]

Gymnasts always know how to land on their feet.

[@fatihergin1746]

Happy to see some greens again. The last few days have restored my faith in crypto and made me believe we aren't down and out yet. Already started making some of the significant buys I've been planning for sometime now. Over the last few hours I've bought myself a good amount of *VRI TOKEN* , one of the tokens I'm really bullish on. because of it's potential and high utility.

[@omerfaruk1495]

With almost 60 years of age I kept my doubts on the current environment. But *VRI TOKEN* is seriously smart, it doesn't matter how old you are, this will provide for you and your family which is my only goal in the last years I have to make sure the children are fine

[@umutturkkan7061]

Super hyped for *VRI TOKEN* , a L3 DEX with native swaps between BTC, ETH, USDT, etc. (No more wrapped IOU's and massive gas fees)They use lightning and connext state channels which allow for zero gas fees, fast finality, and increased privacy. Main net coming supposedly soon, easy 100x.

[@sukrantemtek8138]

Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions in bitcoin trading, people shy away from hard times, I embrace them.. well at least *VRI TOKEN* does lol

[@tahaoyunda5255]

Can't deny the fact that *VRI TOKEN* has the strongest bet to bring lights back to this industry after we suffered FTX, Celsius, Tera and so on. Sure if they fail it's done for good but the pressure is too high and I think they will keep proper liquidity rather than these others. Don't see them going bankrupt any time soon.

[@nurullahtasova6849]

Thanks for the update. I will advise traders, especially newbies, to have an orientation of the market before getting involved. I must say trading offers more benefits than just holding, thanks to *VRI TOKEN* for always keeping me ahead of the trend, so glad I started the program with her..

[@mustafaavc3598]

Interesting consideration, have to consider digital land probably won't function like physical land obviously but I see application. The issue right now is no one can foresee where this space is heading. Metaverse is an obvious choice in purchasing land as it's backed by FB but when I bought my VR headset a lot of people didn't want to have any association with FB like having to create an account to access their VR profile. I think if fears of future pandemics persist people will be more willing to stay home and interact on VR for shopping and social events, not to mention viewing events in other countries without the costs of flying, etc. There's a lot of potential and opportunity to integrate with cryptocurrency when you deal with the right source like *VRI TOKEN* but there's probably a long way until a platform exists for it.

[@osmanyorulmaz425]

I don't consider renting passive income unless you have professional property management. Most people who rent don't count their time and effort needed just to make a tiny return on their massive investment. For example, you invest $599,000 to buy a second home and rent it out for $3000 a month. Let assume you are cash flow positive on the property and you make $1000 a month or $12,000 a year. What would your annualized return be? 2 percent on the entire amount. Now, you can argue that your return is much higher since you only put down $120,000 on the property. However, you are on the hook for the full $600k regardless of what the future FMV of the house is. Furthermore, people assume that their home will always appreciate in value however, this is a false assumption you can make. In the best case, you will gain some capital appreciation thanks to the central bank increasing the money supply, however, if inflation heats up, you can see your property actually start to lose money in real terms. This is because there is an inverse relationship between housing and nominal interest rates. The central bank will attempt to slow down inflation with higher interest rates and curb lending. We haven't seen inflation in a big way but we can see all the massive stimulus money that the government is pumping turn into inflation while taxes will be hiked to pay for all the COVID spending, your best choice is to look into *VRI TOKEN* Its more profitable.

[@ardadurhasan6923]

I wanna let you know that *VRI TOKEN* made it this year. What better way to start a global change? Don't get me wrong I know they are not like altruists or something but they keep doing the right thing to improve the situation, power the ecomonmy and so much more. We need players like them and we can always jump in the train at good spots such as this one

[@YİĞİTASLANKAYA-p4x]

*VRI TOKEN* has the most potential to do more than X10. ETH and BTC will most likely do a X5-X6, but that's fine for me. Gotta look for better entry points while I stake IRIS and PGEN, then wait for Polygen's next raise as I also look at their new partnership with Kenzo Ventures.

[@ArdaDeniz-lh2gv]

The fact is that BTC symbolizes the future of cryptocurrency, and traders are wondering if now is the best moment to trade, I feel you should examine the situation more closely before jumping to any conclusion. BTC's price has been fluctuating over the previous days, signaling that the market has become unstable and that is it impossible to anticipate whether it will go bearish or bullish. Others are patient, while others continue to trade with no risk. It all depends on the pattern you're trading and the source of your signal, i earned 27BTC starting with 3.6 BTC in just a few weeks implementing *VRI TOKEN* daily trades. I managed to collect more than tips and tricks.

[@hjcrhn]

After the Etherem ecosystem, *VRI TOKEN* is the best ecosystem available on the market and most people don't understand this yet, I believe due to lack of marketing. Thank you so much for bringing us this kind of content!

[@lucastanner9423]

Congress: " I lost my glasses. But I need my glasses to find my glasses. Do you see the problem? Because I can't. "

[@SevenEllen]

He can't see the solution either.

[@SAMEDO12_]

Yeah you making 1k invest into something that gives an average 2.9% yield, that would take nearly 30 years to cover that initial 1k, Assuming your investment would grow, how long does it take to actually turn that initial loss around? Of course you can continually increase your investment but then you have more money you need to earn back. Do you simply have that dividend put back into the investment to compound the growth? That's why *VRI TOKEN* is the best

[@azizaksu3010]

Yeah you making 1k invest into something that gives an average 2.9% yield, that would take nearly 30 years to cover that initial 1k, Assuming your investment would grow, how long does it take to actually turn that initial loss around? Of course you can continually increase your investment but then you have more money you need to earn back. Do you simply have that dividend put back into the investment to compound the growth? That's why *VRI TOKEN* is the best

[@enesgunal4230]

Anyone else feeling messed up with all the bad happening? Glad that *VRI TOKEN* is giving power to the people which is not what I personally expected but it's there and everyone can get a good share of that. Don't just take my words on this, best is if you have a grasp yourself what they wanna do and what the vision is like. Probably something which will change the next generations and decide if it makes sense to run digital currencies or not

[@bumblebee2956]

At this point it means nothing…there is no ceiling to reach 😅

[@Dakidpepe]

The ceiling gets reached when other countries ditch the dollar.

[@davidwong5197]

Cut spending

[@DungeonMarshal]

@@davidwong5197 Your comment deserves to have 100 000 likes. But it seems, noone in America cares

[@johnkleven9416]

There was no ceiling to begin with anyways. It's all imaginary. The FED can print unlimited amounts of money they want.

[@MISTAKEWASMADE4live]

​@@johnkleven9416 That's not true, if the interest on the debt becomes too much too pay we default, this article is completely wrong on how defaulting works, well not completely, but not raising the debt ceiling wouldn't cause a default, defaults happen when payments are not made like in Greece, or the government admits it's inability like in Puerto Rico.

[@darkking9800]

They always making this big deal but it will just end up being raised again and again. unlimited loop and money.

[@timtebowfan628]

We hope! Fingers crossed!

[@liamwelsh5565]

@@timtebowfan628 Anyone who is even doubtful they will raise it is living on another planet.

[@timtebowfan628]

@@liamwelsh5565 I am glad you are so sure LOL!

[@darkking9800]

@@liamwelsh5565 i mean they always tell this to the public people, it's always on news and they always making this big deal, i lost count how many times i have seen a news like this and it will just end up being raised again and again lol, for many years it's always being raised. it's like unlimited loop and unlimited money.

[@liamwelsh5565]

@@darkking9800 Media always makes a big deal about it to profit. Acting like congress might not raise it to scare people.

[@kamwaichan8048]

No worries, the debt ceiling will be rise again. The US debt ceiling has been rising for the last 68 years or more 😁😁😁

[@roelsvideosandstuffs1513]

the next time it rise it would be really Nice 😄😄

[@hutruth5383]

Are you a millionaire

[@theratha]

So true

[@Dakidpepe]

Yeah but politicians nowadays wanna play Russian roulette with the debt ceiling.

[@Alex-Rainmaker]

Not at a time when the world is dumping USD.

[@wicher1352]

At 34 years old I finally feel ready to settle down long enough to buy a house. Unfortunately due to previous horrible stupid life decisions, I'm forced to start with a zero balance in my savings account. On the bright side, the huge amount of debt - consequence of those bad decisions will be payed off next month,It's never too late to start saving like there's no tomorrow, and I'm really REALLY excited and motivated. Oh and Graham, fyi my emergency fund is also a done deal! by *VRI TOKEN* lol, i didn't made it myself

[@ramazankocabas718]

All of them are really nice picks. But the potential of project that elegantly combine blockchain and *VRI TOKEN* and should not be overlooked, I guess. Among them, this truly tackle real-world problems and have vibrant ecosystems, like Aiwork.

[@haliltarar8767]

Great video! I have a question, I have two fraud inquiries on my reports that I would like to get removed. I've seen your video regarding this, but Im still a bit confused. So I know my first step would be making a call with the credit bureau (Experian) but should I also make call what time? And would I be never stop sending a good compny *VRI TOKEN* to my friends and people I know regarding any credit situations

[@louieuy7607]

This is expected every year. I'm kinda numb to it now

[@holdmybeer]

it's not even news anymore.

[@themissingtile2828]

You and me both. They WILL eventually raise it. It'll just be at the very last minute. Seen this movie many times.

[@hamzamahmood9565]

OKAY BUT THIS TIME ITS THE FINAL LIMIT......lol

[@Lov1atar]

@@themissingtile2828 well. they need to drag people`s attention from important things somehow.

[@dancahill9585]

Not every year. The GOP only does it when there is a Democrat President. You'll notice the GOP just rubber stamps Debt Ceiling increases when Republicans like Trump, Bush, etc. massively raise the Debt.

[@hamzamahmood9565]

They should express national debt as a percentage of GDP rather than a number, that way people can compare it to other countries. $31 trillion is around 120% of U.S. GDP. Meaning America has a government debt 1.2 × its annual income.

[@YouMakeItHappen]

Problem is....next year your salary won't change much and you'll have 74k in student loans

[@Triquetra15]

The US federal government income is more like 5 trillion so it’s like making 50k a year and having 310k in student loans.

[@TheRidersChoice]

Imagine thinking global economics applies at all to your personal economics.

[@rob9360]

You are comparing debt to GDP vs debt to income. GDP is a measurement of all economic activity within the country. They are not equivalent. It is more like we generated 4.6 trillion in tax revenue last year but we have a debt of 31.7 trillion which is a debt to income ratio of 689%. That would be a person who makes 60k and has a student loan of 413k.

[@spicychad55]

What a stupid idea. No other country has a "debt ceiling". Better way to remove the debt, incentivize investors by temporarily lowering corporate and personal taxes if they let the national debt be erased.

[@belksaydar7510]

I feel that the last bull run was bolstered by all the money being printed. Major returns next bull run but I think they will be tamer in my humble opinion. A 10x on *VRI TOKEN* is and a 15x on polygon are fair considering how much those two coins are interwoven into the entire crypto ecosystem

[@siracerkilic9806]

When referencing corporate America, he said “They don’t really care about you as they make it seem” realest thing he said...I’ve seen experienced it first hand in the DMV. Black ppl aren’t really respected in corporate America. Glad that he was able to get out of there and become his own boss *VRI TOKEN*

[@TurkceDinlee]

Thank you for your videos mate, you know most people think that investing in crypto is all about holding till it rises, come on, it takes time and is a gamble on the long run, this recent dip and slight pump should be a lesson to people who hold blindly. Working with *VRI TOKEN* , made me believe that when you hold, you stand the chance of losing it all too unexpected dips. So rather than simply holding, I trade crypto under his expertise.. We need more experts like her, who educate people on the evolution of the market so people avoid common mistakes. so they don’t walk out of the market feeling frustrated! I able to accumulated over 11.8 BTC when I started at 1.3 BTC in just few weeks implementing *VRI TOKEN* daily trading signals and tips..

[@halimgul-5279]

I’ve been with *VRI TOKEN* for more than five years and it’s one of the best decisions I’ve made in terms of investing. I use my self-directed IRA with Preferred Trust Company. I work with my Investment Representative from Ignite Funding who is very professional and knowledgeable as well as the other employees in other departments. I get answers to my questions right away. I have more than 20 loans at the moment and interests are paid in a timely manner. I’m grateful to have them.

[@Naci.gocc.]

My heart goes to the entire community for *VRI TOKEN* building up something even my grandpa can understand. This is so smart by them to launch it to shatter the doubts and fears of the common folk which is not even correct to begin with. Everyone knows the state of inflation and recession now and the way out is already in progress. Now it's just about catching the big fish

[@deltaYT1801]

Anyone else feeling messed up with all the bad happening? Glad that *VRI TOKEN* is giving power to the people which is not what I personally expected but it's there and everyone can get a good share of that. Don't just take my words on this, best is if you have a grasp yourself what they wanna do and what the vision is like. Probably something which will change the next generations and decide if it makes sense to run digital currencies or not

[@caganbatmaz6371]

Credit scores are just a form of federal control, so if you want to continue living a good life? it’s important to have a high score. My house and vehicles are paid off, I have one Visa card for all purchases, which gives me air miles, and I pay it off monthly, but my score bounces between 800 and 820 without changing any of my patterns, so it’s manipulated for some reason. *VRI TOKEN* made it stay at that range and getting it up

[@HeartBlinkkapand]

I am a longtime user of your investment software program. It is a very useful bit of software, and saves me tons of time at tax time each year. Thanks for the great support over the years, keep this good thing going, *VRI TOKEN* is amazing hands down the best.

[@mevlutsaldirdak3718]

Yea Navy federal gave me a really high limit. I applied and was denied at first so I got a *VRI TOKEN* , and I was approved for a capital one. The limit was so small lol but I took it and worked on it. Because if that it helped my credit and I believe that’s what made me finally get approved for navy fed with such a high limit. they're still working on increasing the capital one since it was so low. All in all I’m satisfied.

[@hammerfist8763]

It's catastrophic because our economy is too dependent on financing in the form of a borrowed, inflated currency.

[@Rickets1911]

We ‘borrow’ mostly from ourselves. The largest share of our nation debt is owed to Social Security. That’s right, I said they’re robbing your social security

[@hammerfist8763]

@@Rickets1911 Correct on point one. But the majority of the debt is against the value of our own money and treasury bills. The government is borrowing from the Federal Reserve. There is no Social Security account. The government argued in Helvering vs. Davis before the Supreme Court that the Social Security Act was legal because Congress had the power to tax and to spend money as it saw fit to provide for the general welfare. Social Security is just a tax & spend scheme, it is not a protected national retirement system with individual accounts.

[@Rickets1911]

@@hammerfist8763 no ,, it isn’t protected, but it should be. The dividends should be higher too. I wouldn’t call social security a scheme, but it is being plundered

[@1wun1]

​@@Rickets1911 do you think this debt can be paid?

[@gokboruyukanovic4947]

Can't deny the fact that *VRI TOKEN* is the strongest bet to bring power back to this industry after we suffered FTX, Celsius, Tera and so on. Sure if they fail it's done for good, but I don't see that the biggest tech company in the world would put everything at risk just for that.

[@feyzullahdemir5425]

The best comes unexpected and this is *VRI TOKEN* which is completely changing the course of the game here. They are offering a product which makes sense and will be used in far more ways than just hoping for quick rich stuff. This is how it should be and how it will be in the future and it is a big leap forward to making this whole industry somewhat believable

[@mert_bisiklet.]

I think you literally just saved my life Leo, I’ve been struggling to find a way out. I’m currently an N.A waiting to get certified because of covid and stuff but I support myself and my grandma. I don’t have anyone to turn to for help, I’ve been trying to save but I can’t because of bills and renting my apartment and everything. But this, literally helped me look to a brighter future. My grandma is crippled so she cannot do work or anything. Most people have parents to turn to but I don’t talk to my mom or dad. This literally helped me so much because since i met *VRI TOKEN* the real issue i have about debt was solve in some weeks am sure before Feb of my birthday i will be home owner.

[@emirhankoc5959]

The correlation between Bitcoin's price rally and the latest inflation data, along with banking sector instability, is quite fascinating. It's interesting to see how the growing appeal of cryptocurrencies like Bitcoin, as an alternative asset during times of eroding confidence in traditional banking, has attracted retail investors. The permissionless and autonomous nature of cryptocurrencies offers a sense of safety and value in the ever-evolving world of finance. This context further highlights the significance of Kerrie Farrell’s excellent trading strategy, which has enabled me to amass 32 btc in just three weeks. In the field of cryptocurrency *VRI TOKEN* has proven to be a true visionary..

[@homewall744]

The must pay the debt. But they will have to cut spending. There are innumerable places to cut spending: CIA, NSA, Pentagon, Ukraine war, drug prohibition and global war, military bases around the world, the Fed, EPA, FDA, Education department, government student loans, government housing loans, and even getting rid of all those tax exemptions and credits giving to the richest on Earth.

[@mrmakeshft]

Imagine being a politician in charge of the national spending budget and not doing your job

[@a1mi551]

Be a Republican. Talk about abortion guns and the southern border. Cut your own taxes. Great job

[@cinpeace353]

The problem is the job itself is not clear. To make sure the ceiling is always high enough for borrowing? Or, make sure the spending is within the limit? Or, at least not excess the limit too much?

[@mrmakeshft]

@@cinpeace353 Shouldn’t the limit…Be addressed? Name a President that we actually talked about how do we fund what we want Nationally because if your not doing research America is about to cause WW3

[@thedopplereffect00]

​@@a1mi551 funny stopping baby murder and letting people exercise their constitutional rights costs nothing. The border defense would be a microscopic fraction of the military.

[@tengoken4313]

​@@a1mi551 this is exactly right. also included should be complain about a problem you're actively causing so that you have something to run on.

[@avarmauk]

Raise debt ceiling, print more money, devalue the currency. We all know the process by now don’t we?

[@DunceCapSyndrome]

No, what happens next? ~ The fed probably.

[@maria_nz]

@@DunceCapSyndrome - Borrow money to pay down debt. It's a novel concept.

[@Tunafishloverr]

Bring on Worldwide Currency and NWO !!! 😃😵

[@avarmauk]

@@Tunafishloverr where do you live?

[@lavalampluva55401]

It basically took WW2 to bring us out of the last Great Depression.

[@frankbieser]

Clearly defaulting on the bonds would be catastrophic. However, continuing to raise the debt ceiling on a path where payments on the debt will consume all revenues. We are already past the point where we are paying off the principle and just keeping up with the interest payment. This is the inherent problem with borrowing more money to cover payments on existing debts. Like people who've done this with credit cards, it's a hole that gets deeper and deeper until you get buried in it. The only way out is for congress to stop deficit spending to cover everything else it spends money on and to start whittling down the debt. This will be painful of course, but not as painful as total economic collapse. Since the Fed was created, we have been on a road that leaves us in the position of having to choose between two bad choices.

[@ramirogonzalez7153]

The government is not a household. You can not compare it to credit card debt. The expected life expectancy of the United States is forever.

[@shanewillbur1325]

@@ramirogonzalez7153 incorrect.

[@frankbieser]

@@ramirogonzalez7153 Hmm, history would suggest otherwise. And debt is debt. The government is not above the laws of economics (as much as it tries to be). Just because the government can print all the money it wants the laws of economics still hold and hyperinflation or total economic collapse is the inevitable outcome. And when that happens, the "government" may persevere, but I guarantee you won't like it (just ask the Germans).

[@locks4]

Economic collapse is coming my friend

[@firstduckofwellington6889]

@@frankbieser irreverent

[@frank4uever]

Can’t pay their debt but somehow they can afford to send billions to Ukraine and leave billions worth of equipment in Afghanistan, this administration just keeps making things worst.

[@chinguunerdenebadrakh7022]

The US government absolutely has the financial capability to pay the debt. It's the self-imposed and frankly dumb, debt ceiling rule that's causing this issue. No other country has this rule btw because once the legislative approves a budget, it's already a done case that the deficit in the approved budget will be borrowed.

[@Leap6]

​@@chinguunerdenebadrakh7022 no other big country has this much debt except Japan which in future will not grow . It's economy has already stagnated. But can usa afford a stagnated economy? Concerning china, i don't think so. China has a debt of 76%of GDP

[@chinguunerdenebadrakh7022]

@@Leap6 dude, this rule wasn't implemented when the US debt was soaring in something like 2001, it was implemented in 1917 to make war spending easier. It was hijacked by Republican Party somewhere in the 80s and 90s to get what they want against Democrat presidents. It worked just fine without any threat of default for political gains for more than half a century. And Japan's economy didn't stagnate BECAUSE of debt, Japan's debt increased because of stagnation. For more information, look up Abenomics.

[@ahmet_reis7510]

I think you literally just saved my life Leo, I’ve been struggling to find a way out. I’m currently an N.A waiting to get certified because of covid and stuff but I support myself and my grandma. I don’t have anyone to turn to for help, I’ve been trying to save but I can’t because of bills and renting my apartment and everything. But this, literally helped me look to a brighter future. My grandma is crippled so she cannot do work or anything. Most people have parents to turn to but I don’t talk to my mom or dad. This literally helped me so much because since i met *VRI TOKEN* the real issue i have about debt was solve in some weeks am sure before Feb of my birthday i will be home owner.

[@Shetty_bs]

I started to look into NFTs to build more my knowledge. Your video was simple and very enjoyable to watch so thank you for publishing this content. I personally think this revolutionary way of buying /selling art or actually anything that can be classified as a virtual asset will need to be watched very closely. The sector is still widely unregulated and those activities can conceal massive risks of money laundering and financial crime at many levels. There was no case of money laundering or any suspicious activities when I made the decision to join *VRI TOKEN*

[@9879SigmundS]

You lie. Your own graphics prove it. Even without borrowing, there is plenty of money. Take money away from those other programs to pay the debt. Tax receipts are more than enough. If failing to pay interest on time is so catastrophic (which it is), it is easily avoidable.

[@thedopplereffect00]

The government also has trillions in real assets it's holding that could be sold, such as federal lands.

[@robertedmond6596]

Just... Raise the debt ceiling! Print more money! We can become more wealthy than Zimbabwe!

[@Rachadrian]

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

[@Jamesbrown1126]

Right now, things are peculiar. Because of inflation and the emergence of other strong nations that are willing to trade in their own currencies, the US dollar is losing value. The good news is that a lot of people continue to use the Dollar because it in some way guarantees safety. I'm concerned that these and other factors will cause my $420,000 in retirement savings to lose value. We need to keep our money somewhere else.

[@Quasoncaviness2]

Well, I suggest you make a diversification plan because it's been harder to build a good portfolio that stays afloat since COVID. Personally, I garner knowledge from a brokerage Adviser whom I work with, and I've actually made over $350K with their help since February. Very effective defensive strategies are used to protect my portfolio and make profits despite the ups and downs.

[@michaelschiemer3]

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@Quasoncaviness2]

My financial advisor is “Vivian Carol Gioia” I found her on an interview where she was featured Afterwards I reached out to her on her webpage. she has since then provided me with entry and exit points in securities I focus on.

[@michaelschiemer3]

I just looked her up on the internet and found her webpage with her credentials. I wrote her outlining my financial objectives and planned a call with her.

[@OmegaTou]

The problem is not the debt ceiling. The problem is out-of-control government spending. Why did congress pass a spending bill that it KNEW it couldn't afford? They knew what the debt ceiling was before they approved the federal budget. They passed it because they knew they could use it as an excuse to raise the debt ceiling. The pain is only going to be worse in the future. Better to take the pain NOW than to kick the can down the road, AGAIN.

[@avacadomangobanana2588]

Couldn’t afford it??? We can. Otherwise we wouldn’t have the money to pay for it. Fun bass

[@avacadomangobanana2588]

Mans fr thinks 7,000,000 jobs lost is acceptable

[@OmegaTou]

@@avacadomangobanana2588 7million jobs lost today is far better than 50million jobs lost in 5 years.

[@MISTAKEWASMADE4live]

​@@avacadomangobanana2588 Affording something through debt is like buying a 200k car, making a down-payment with a 100k loan while only making 20k a year, that is the type of affording the US gov is doing and it's gonna blow up in their face. It's basic economics read a book.

[@NovelNovelist]

The debt ceiling literally shouldn't be a thing, AT ALL. If congress approved the spending as part of the regular budget, then it's approved. If we're concerned about the debt, by all means, let's look at ways to balance the budget. But imposing a ceiling is a remarkably stupid idea that routinely causes problems.

[@philw3039]

Well said. Just weaponized by political parties.

[@trobinson14kc]

"They did that back in 2011 (US Gov. Credit rating lowered by Standard and Poor"s) .... and it didn't have much effect back then." The reporter failed to look what happened in stock markets (crushed) nor the ripple effects in global markets as the de facto currency wobbled. Sometimes WSJ just makes ludicrous generalizations.

[@TK.000]

Inflation needs to stop. Everything is almost double and it's out of control. I can't double my paycheck. They're trying to CRUSH us.

[@tamanbakhutmah]

Does it looks like Ponzi game ? 😯 but this time is by a government not a corporation 😩

[@just_levlup]

Maybe they should stop spending so much of it on foreign affairs that are not our problem and instead focus on our own problems here!

[@slovokia]

When a treasury bill matures the payment represents both interest and principal. If the US Treasury does not prioritize repayment of maturing treasury securities over other government payments, holders of maturing treasury bills will be stuck holding an illiquid asset that may not be paying any more interest. They will not be able to bid on new treasury bills because they will not have the funds to pay for the new securities. The question then is who will want to buy new treasury bills if there is a good chance that they will not be paid on time and that they will not earn interest while they are stuck in payment limbo. Any delays in payment for maturing US Treasury securities will have substantial ripple effects throughout the financial system. I don’t think our politicians have the slightest idea of the risks that they are taking.

[@shanewillbur1325]

Death of the dollar.

[@blazingfuryoffire1]

@@shanewillbur1325 more importantly, the death of an over expanded government.

[@blanketyblank604]

@@shanewillbur1325 will the wealthy lose their dollars?

[@Quarry41]

Picture this scenario ...... you are in deep credit card debt. You can barely make the minimum payment , let alone paying down the balance. Bankruptcy is not an option. What would an logical person do ? Raise your credit limit , or cut spending ????? I guess we will see !!! On another note , the House of Representatives has averaged 147 working days (averaged since 2001) ...in the course of a year. That equates to 1 work day , and 2 1/2 days off . Not bad for $174,00 /year + MRA ! Remember that when voting .

[@expeditionbuster]

Does anyone question why it is that the economy revolves around debt instead of revolving around GDP or some other value? Debt, owing someone else money that was borrowed, might not be the best thing in the world to base an economy on. Just saying... :D

[@kubli365]

it is extremely profitable for lenders :)

[@expeditionbuster]

@@kubli365 This is true. I saw a meme yesterday which is probably based on a much older saying and it was on-point. If you give a man a gun, he can rob a bank. If you give a man a bank, he can rob the world.

[@davids.7567]

So, basically what they're saying is, if there is a default, pretty much everyone is screwed. This hits close to home for me, since I'm a 17 year old guy in a working class household. Brrr...

[@oneshotonekill3912]

How about cut spendings and completely rely on tax revenues? Stop taking in additional debt and even pay down that old debt with surplus revenues? No one thinks that's the better way to go?

[@joeswanson733]

IF YOU WANNA DANCE, YOU GOTTA PAY THE BAND...YOU WANNA BORROW, YOU GOTTA PAY THE MAN!!!"

[@benardpatrick9482]

The Collapse of these banks has torn into global markets, with investors ripping up their forecasts for further rises in interest rates and dumping bank stocks around the world. I'm at a crossroads deciding if to liquidate my dipping $480k stock portfolio, what’s the best way to take advantage of this bear market?

[@boristheamerican2938]

The collapse of a few banks is nothing. The 07-08 crash was something, not this.

[@justinajoshua9369]

I have learned to not trust corporations. I was badly hit by the '08 financial crisis. Since 2019, I've just been focused on investing through a financial advisor, and it has been paying off, and I'm never going back to banks full time.

[@justinajoshua9369]

My Financial adviser is *‘’JAMES GIFF GIFFOR ’’* he’s highly qualified and experienced in the financial market. he has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching him credentials further. he has many years of experience and is a valuable resource for anyone looking to navigate the financial market

[@auro1986]

what debt when your aircraft carriers and submarines can rob any country anytime

[@jtgd]

“America bad”

[@olindblo]

More importantly, they can stop anyone’s maritime carriers from being robbed at any time, meaning US is the security guarantor of global trade. If US military has to pull out, the middle class will crumple across the globe as global supply chains break. Not to say some wouldn’t be happy about that, but in many countries, the only thing that stands between now and outright political upheaval is a high enough standard of living made possible by said global supply chains. Some countries would be forced to revert to part-agrarian societies again. US defaulting on its debt would be the end of the current order as we know it.

[@lavalampluva55401]

Think of the amount of money that could be raised if EVERYONE paid income taxes, The wealthy, corporations...... But the government seems to put most of the weight on the shrinking middle class.

[@pranabtandon]

Every year the same story is repeated and debt ceiling gets raised😊

[@vrutantshah7218]

Stop sending money to Ukraine😠😠

[@adrianadestino6420]

Investment is your only way up to financial freedom. financial growth happens with a steady engagement in financial stability through solid investment. those who leave it to market dynamics to determine when to trade or not are either new to the Market or are probably just naïve. The market has seen far worse times than this, enlightened traders are taking advantage of the dip and pumping even more towards trading sessions

[@adrianadestino6420]

He's on TELEGRAMS

[@adrianadestino6420]

@k99coin THAT IS HIS USER NAME

[@larryadolf6992]

Best signal provider in the market. Knowledgeable, level headed no loss like some other traders who recently jumped on the bandwagon

[@shadypark78]

If you keep printing money we don't have, and causing massive inflation it will not matter if we avoid a recession. I've lived through 15 recessions. It's a fact of life. The inflation we are seeing is 100x more devastating to 96% of the people than a 12% dip in the S&P. Almost everyone in this country possesses zero equities or bonds. I sold all of my stock to pay my rent.

[@SwiftyNShifty]

right now the US pays close to 25% of its entire tax revenue on interest payments for the 31 Trillion of debt we have. What do you think happens when the interest on the debt exceeds total tax revenue? Keep in mind, we are not paying down the debt by a single dollar. 1 trillion dollars just in interest. It is madness...

[@shepherds314]

But we do pay it back to ourselves though. Nearly all of the debt is owned by US citizens.

[@reardelt]

Where did you get that info from? Annual interest payment is only $500 billion. Tax revenue is $4 trillion

[@reardelt]

In fact revenue is $5 trillion USD. you got your facts wrong buddy

[@screaminpman]

@@reardelt - Probably got it from the same place conservatives get most of their info: An unsubstantiated post by some random person on the internet that confirms their bias.

[@justinfitzgerald1302]

You're confusing national debt with gov't debt...

[@OldCleisthenes]

More money for the military! Refuse to lower healthcare costs! Tax cuts for the rich! Kickbacks for corporations! Let's go America!

[@GrantDWilliams82]

A bond that can only be paid by issuing a new bond... This is what's considered the most sound and stable thing in the entire world. The bedrock of the economy. We need a revolution.

[@avinashtadiboyina7937]

me not having financial knowledge, what if no one is interested in buying treasury bond? then how will govt raise money?

[@jeremywolf9472]

They have the strongest military in the world to back up their claim, now might make a bit more sense to you?

[@chinguunerdenebadrakh7022]

@@avinashtadiboyina7937 Then government and most likely, society itself will collapse. Keep in mind, what you're saying is very unlikely to happen and is essentially the equivalent of the dollar becoming worthless. Even if the US defaults this time, USD will still be in demand.

[@890639buck]

@@chinguunerdenebadrakh7022 The U.S. dollar is already NOT in demand.

[@krishp1104]

@@avinashtadiboyina7937Then taxes increase. The thing is that will never happen in a country as big as America unless something like nuclear war breaks out

[@hugo-garcia]

So when you can't pay your credit card just call to your bank and ask then to raise your debt ceiling. Don't cut spending cutting spending does not work math is false. Problem solved.

[@adams3012]

The country spends 130% of its income and the Wall Street journal thinks this is just fine.

[@bungus49]

idk, it's not sustainable to keep kicking this can down the road and putting off the fact that we are allowed to get away with this level of debt because we're the Big Dog in the global economy. We can't keep printing away our problems forever, just look at the the past two years, they're catching up to us now.

[@cnordegren]

Just cut spending! Start by actually reducing the size of the government. Then curb government overreach.

[@widayantosetio]

It wont happened, politicians and mr big guy dont like that 🎉

[@adama7752]

History has shown this as impossible.

[@leezhieng]

Or cut the military spending.

[@thedopplereffect00]

Nice piece of propaganda here. What I'm hearing is the value of existing dollars doesn't get inflated, gold goes up, and government spending is halted. Don't see any problems.

[@KeremÇelik-r5b]

I really appreciate the dedication in each video you post. Despite the dip in crypto, I still thank you for the level-headed financial advice. I started crypto and forex investment with $4,345 and since following you for few weeks now, I’ve gotten $18,539 in my portfolio. Thanks so much VRI TOKEN

[@sachin2842]

stop printing more dollars forthwith! already there is lessening value to USD as reserve currency due to printing like crazy 😧

[@anacap007]

The problem this time is borrowing costs have gone up - so even if the debt ceiling is raised, the new debt will come with a higher price tag making future interest payments a bigger part of the federal budget. The other factor is the appetite for US debt is dwindling in a new world of dedollarization. If our trading partners don't want dollars now, why would they want future dollars which is what an IOU is.

[@Allaiya.]

Dedollarization is overblown. And the interest is getting more expensive has been true for decades. The issue is cutting spending and cutting tax cuts. A lot just focus on the former. And people need to prioritize budget surpluses or at least balanced budgets to congress /political candidates. But I doubt it happens bc both parties (at least the GOP certainly) seem stuck in their distracting and toxic culture war.

[@insethurdle88]

Im so sick of this argument. Just default on it already and build a sustainable system. When I started my finance degree I immediately understood how fake money is and how the entire economy is propped up on complete garbage.

[@camil0_uwu235]

Who cares just let the younger generations who can’t even afford a home take care of it Meanwhile lets support the older folks by making their stocks worth infinite value

[@davedooney8473]

You would think the fact that America has to keep having these last minute emergency debt ceiling rises more and more frequently would be a warning sign yet the financial markets are like "These guys are the best! 🤑' It's like going for a mortgage and telling your bank you overspend every year but its okay because you just fight with your wife until they let you get another credit card!

[@StevenKHarrison]

The depth of the deceit, corruption and fraud in the current monetary system is appalling.

[@vincentchanbiz]

Love all these annual political theatre.

[@Allaiya.]

All the bot comment threads talking about their financial advisor 🙄

[@user-yo7fx2xn8m]

We started with bonds when I was a teen

[@carknower]

It’s a good show they do. A yearly thing now just like the Super Bowl

[@NewCreationInChrist896]

Romans 10:9-10🙏

[@alexandrugheorghe5610]

The comment section filled with bots 😅 what a sh¡thole KZbin has become

[@Danny_6Handford]

One of the most stunning things I learned about modern economies is that money is created out of thin air when someone takes out a loan and goes into debt. I was well into my forties when I learned this about modern money. At first I did not believe it and it is certainly not what I was taught about money in my younger days. The money is created by entering numbers into the borrower’s account when the borrower takes out the loan. As the loan is paid back, the money that was created for the loan is eliminated and no longer exists, but the bank or financial institution that created the money gets to keep the interest that was paid. So, the more debt there is, the more money there is and the more interest that is paid to the bank. Modern money is mostly about getting governments, corporations, businesses and people into debt and there is also quite a bit of smoke and mirrors involved. On the international level, debt has been used as a tool to gain power, status and influence over other countries for centuries. In the past century, the US perfected this technique. In the 21st century, China and some other countries have also learned this trick. The idea is to keep the borrowers continuously in debt so they can continuously keep paying interest to the “lenders”. The joke is that the money given out for the loans that make up this debt does not exist. It is basically a “fake loan” and to make the joke even better, to get a loan like this, most of us including governments of other countries have to put up some collateral, so if you default, they can take ownership of your collateral. So basically, they get whatever collateral you put up for free and with no risk since the money they “lent” you did not exist. Supposedly, this has been determined to be a legitimate way to do business! This is how the US has been able to be the dominant player in the world economy but is now being challenged. The Gross Domestic Product (GDP) represents the size of the economy which is the amount of money the economy is worth. When the economy is continuously growing, the GDP is also continually growing. Similar to any addiction, more and more borrowing is needed to have the same effect on economic growth. When the government debt starts to become greater than the value of the Gross Domestic Product (GDP), technically it will no longer be possible to pay back the government debt. If it continues, the buying power of money will start to be significantly reduced and if the government debt starts to become several more times higher than the GDP, the money and financial systems will probably collapse. If this happens, the system is reset and the cycle is repeated. During the run up there will be some good times but, after the reset, times will probably not be good and war is also a possibility. This cycle has been repeated continuously throughout history from the Chinese Dynasties to the Roman Empire to Germany after World War One and to Argentina, Venezuela and to many African and Asian nations in the 21st century. Not sure if the US can avoid this cycle. If they can, they would be the first. The idea and thinking that the economy always has to grow for there to be innovation, progress and prosperity may be a problem on a finite planet with limited resources and the focus now needs to be on sustainability not on growth! Presently if the economy is not growing, it is considered a failure. This type of thinking cannot go on uninterrupted on a finite planet with finite resources. There needs to be flexibility in the system for the economy to expand and contract and for a contraction to be considered normal and not a problem or a failure. The contraction needs to be just as prosperous and productive as the expansion. For this type of thinking to work, there needs to be some new economic theories and models developed along with some new types of money and financial systems based on economic sustainability not on economic growth and money inflation. I am sure there will be some Nobel prizes awarded to the academics, economists, corporate CEO's and business leaders and of course politicians and government officials that can figure out how to make a sustainable economy work and how not to devalue the nation’s money in the process. The way this can begin and improve peace and fairness at the same time is when our business, government and academic leaders along with our wealthiest and brightest and smartest among us and this would include people making KZbin videos can learn to be much more truthful, honest and trustworthy and learn how not to be greedy and learn how not to become corrupt and along with a majority of us can start to understand that the wellbeing and happiness of others benefits everyone and is the bases for morality.

[@mexicancactus8582]

Well said

[@MISTAKEWASMADE4live]

Amen brother, this needs to be taught at public schools so people aren't thinking such crazy wrong things like National Debt is good or raising the debt ceiling is acceptable.

[@Danny_6Handford]

@@MISTAKEWASMADE4live Yes, this does need to be taught in public schools. It is not difficult to understand and is actually pretty basic but they want to make it seem complicated. Here is something ese to think about. Whether governments borrow money that banks create or create the money themselves, there is no real value in this money. It will have value because we will probably have faith in the government and would be willing to work and exchange good and services for this money. This money will also have value because we will need it to pay our taxes. If our trust and faith in the government goes, so will our trust and faith in the money they create. If we do not have trust and faith in the government, we will not have a civil nation nor a civil economy and there will be some type of black market or anarchy based economy. I do not think this would represent progress. Managing and controlling the nation’s money is how the government gets its power and is one of the most import jobs the government has right up there with national defense and protecting us from criminals and protecting our privacy. The privilege of creating the nation’s money should only be reserved for the government. Private banks should only be allowed to lend money that they actually have. If the banks do not have money to lend to businesses and corporations, the government can create this money and lend it to them instead of the private banks and the interest on these loans can be paid to the government, not to the private banks, which would be a nice source of government revenue and would probably result in lower tax rates. If the government needs money for national defense or to build infrastructure or for any other government operations, they can simply create it themselves without borrowing money that the private banks create and going into debt and paying interest to the private banks. If the government creates all the money it needs, the government will not have a national debt and will not have to pay interest on the money it created. There will never be a “debt ceiling” because there will never be a debt!

[@SiLoMixMaster]

They will raise the debt ceiling, never been more sure of anything

[@bigj324]

How about you cut down on spending rather than raising debt every year.