Interesting. I always thought that debt collection is what Santa did the other 364 days of the year to pad his Christmas fund.

See the November 2015 National Geographic magazine for crop yield decreases due to Climate Change. FREE movie on KZfaq "National Geographic Collapse" about the future (Peak Oil). The oil companies knew about Climate Change long before the general public, people aware of this crises are in a desperate struggle for money because of what the public doesn't yet know...Peak Oil is coming; How to survive the worldwide starvation crisis caused by Peak Oil; "What can I do"? According to the experts you should: 1A. Garden with sustainable agriculture techniques (less pesticides, herbicides and fertilizer (organic & permaculture)). B. Learn to preserve, and learn the spoil dates of different storage conditions, learn how to check for spoilage (give a little to one healthy person (not the elderly or a child) if they don't get sick...give more to another...if they don't get sick...you should be ok. 2. Buy food and manufactured goods made locally 3. Pay down debt 4. Learn skills that will be useful in the future and make friends that have useful skills you don't have (related to providing food, water, shelter, and medical care: A necessary skill is organic/permaculture gardening/farming). Very important: medicinal plant and medical skills are the best way to ensure your survival. All others will gladly sacrifice their life to protect your life, so you are around to use your medical knowledge to keep their families alive. 5. I recommend, if you can...to invest some money into technologies to increase the "carrying capacity" of the planet (high risk investments); A. decrease negative environmental impact, B. alternatives for our food system input to improve production, C. alternatives to our current living arrangements, D. alternatives to our plastics industry, E. alternatives to disaster capitalism/socialism/communism F. "Savior Technologies" (ie faster-than-light travel), "Game Changer" technologies (ie Cold Fusion Energy) & "Delaying Technologies" (ie deep sea drilling technologies). 6. I also recommend you inform and prepare your family, friends, and others. It is best to initially suggest people have an emergency kit... for any emergency such as flood, earthquake, tornado, hurricane, loss of electricity due to a winter storm. Then, if the friend or relative puts together a disaster kit, tell them about #7A/B/C 7A. THE community based organization to mitigate Climate Change and Peak Oil is: www.transitionus.org/ (For non USA; transitionnetwork.org/) 7B. The FREE movie "National Geographic Collapse" on KZfaq. 7C. Google "2052 free book download summary" www.2052.info - "A Global Forecast for the Next 40 Years". This website is a supplement to the book '2052-A Global Forecast for the Next Forty Years', written by Jørgen Randers. 7D. "Plan C: Community Survival Strategies for Peak Oil and Climate Change" Pat Murphy 7E. www.goodreads.com Three of my Facebook pages were removed, "History Channel's Prophets of Doom Mike Ruppert" and my 2 pages on the "National Geographic Collapse movie" were removed. Never give up, your families lives are at stake! I anticipate worldwide deaths at 7 out of 8 (worldwide population of 8 billion people becoming 1 billion). The US is the number one military power, number 2 economy, and a net exporter of food. Thus, I anticipate 1 out 2 will die in the US. So you just need to be above average, easy to do if you know and accept Peak Oil. In the US I estimate all those that survive the collapse will endure severe psychological and/or physical trauma. If SHTF; the Appalachian and Rocky Mountains will probably have mountain passes and bridges closed. An expert in the field of Peak Oil (Liam Nelson) felt people would willingly go into FEMA camps vs. not having any food or water. I believe it is best to consider living between the Rocky and Appalachian Mountains well away from the southern coast and especially away from where Central and South Americans will travel into the US (roads will be made obstacles and the desert is a natural obstacle). Thus, consider the northern Midwest US whith access to water (and the locals will accept you). Avoid being near nuclear reactors since the government may not shut them down. Note; many rich in the US are stockpiling resources in New Zealand to flee there (verify with Google, using credible newspaper articles). Think of a return to the Middle Ages (but with trains) or the old Western US without horses. The leaders of Bug Out Locations will deter unrest by keeping some form of the US Constitution, at the minimum the Bill of Rights. Without a Bill of Rights, history will repeat- We will have a repeat of "Game of Thrones" where the leaders constantly face assassination and betrayal. Try Facebook pages; 1. Peak Oil 2. Increasing the Carrying Capacity of the Earth 3. Organized Effort to Maximize Peak Population - OE-MP 4. Platue/Peak Population 5. Peak Oil Loners United

8. Repeat

Exactly what happened in my Serbia, only economic collapse was not silent. you don't even have to be silent if you have the mass media to push the narrative

Hmm, sound like a certain country...

Send.in.the.debth.collector.

Just don't be a third world country managed by extremely corrupt kleptocrats

Lol

Cancel netflix 😂

Cut down on that avocado toast

Countries these days have no work ethic. /s

actually, those methods (get a second job = raise taxes, fiscally responsible = cut military/welfare spending, snowball = pay off the highest rate loan first) all would be sound advice.

The Sri Lankan crisis was immediately precipitated by factors beyond their control, though (spike in food/fuel prices due to war). The Russians made their own bed, and now it sucks to lie in it. Sure, they thought it would go better for them: they'd roll over 🇺🇦 in 3 days, and it would all be fait accompli before any serious sanctions were imposed - but "they fought back too effectively! 😭" isn't a very compelling argument.

I think here sl govt was unprepared for uncertainty while russian govt being resource rich could still pay it off. Besides both countries were/are unhappy or unsatisfied with their government.

Why did they get the sanctions? Because they went to war. Did they know they will get sanctioned if they go to war? Hell yes. It was not forced, Russia knows being sanctioned and defaulting is where they're going to.

I was just going to say the same thing. The Russian default occurred because their funds were frozen due to sanctions. Not a true default, they had the money to pay.

it does not matter , they dont have the dollars to pay its on them

Yeah just good luck going into Russia, getting your money, and then leaving the country with all of your limbs, fingers, and/or genitals.

@@dannybeane2069 we are talking about institutional loans. Some foreign institutional investor bought Russian debt, they can get payments directly from Russia avoiding western infrastructure. There is no reason to go to Russia to accomplish it.

But how does the Rubble equate to the dollar in the debt repayment?

@@David-fj5lz that’s why Russia and China and many countries are ditching the dollar. They no longer want to be held responsible for the US poor financial decisions. They are introducing their reserve currency in august while the us will default on its debt in June (if they don’t raise the debt ceiling)

But what use do rubles have outside of Russia?

🥁🥁⭐️

Haha!

Yeah, how dare they no give their hard worked money so the public machine could eat 30% of it and the absolutely rotten Greek politicians another 20%.

@@robertmusil1107 At least France paid for the machine learning software to identify them. Greece just spent all their time holding elections.

@@GeorgeWashingtonLaserMusket What if everyone starts to think like that? Then nobody wants to pay taxes, sales taxes, highway fees, etc. Just pay what you are supposed to instead of trying to trick the system. There is enough for everyone to go around if you aren’t so greedy.

@@Max-ve5tu This video create made a mistake here. In Greece,federal taxes pay for spending, the Greek govt does not have a central bank that creates Euros, and they have no power at all over ECB that does. That is completely different to the US, where FEDERAL taxea do not pay for govt spending. Think about it. It is VERY VERY different when a Govt borrows in a foreign currency it does not create, vs a currency it does create & their central bank cannot say no. Then its "borrowing money from yourself in a currency you create". See The Deficit Myth by Stephanie Kelton for more info

so they spent money to suck more money? Boy let me tell you

This, Russia is willing and able, it's US shenanigans at play.

But it's climbing, shenanigan or not

@@dean_l33 What is?

They want to pay in the wrong currency lol. That doesn't count.

@@potatofuryy No they wanted to pay in original currency but it was frozen. THen they wanted to pay in rubles, they didn't want it neither

worldwide recession

"oopsie woopsie we did a fucky wucky also, we have like a million soldierd so chill the fuck out" something like that I imagine

Financially, the waste hits the air mover.

@@got2kittys society will essentially get the FUBAR treatment

Fleeing european gold is one hell of a way to say looted German gold by Germany's opponents.

I’d imagine the situation is a tough one 😂

That'd be pretty interesting. I hope buddy or somebody for that matter covers the topic.

The answer to your question would depends on how the country plans to get out of the default. There are three major ways in which a country can do that: 1. Get bailed out by other countries, this is usually coupled with austerity measures and some debt negotiation with creditors (Greece for example) 2. Print out money to pay the debt (USA will likely resort to this if it comes to it) 3. Refuse to pay the debt and risk unable to sell any further bonds in the future (Russia is kinda doing this right now)

As for the consequences: 1. Stocks usually goes down due to lower government spending and higher taxes. Bonds prices goes down because most of them will not be paid back on their full face value. A lot of hedge funds actually made huge profits buying Greek bonds during the crisis and sell the bonds as the Greek economy starts to stabilise. 2. This would interesting one because money printing would lead to inflation. Which could either rocket boost stocks or make it goes down depends on the % of inflation. Bonds prices would go down because new bonds issued would have higher interest rates. 3. Stocks prices will depends on whether the economy is self-sufficient. If it’s not then stocks prices will collapse. If the economy is self-sufficient (little to no international trade), then stocks would likely remain the same. As for bond prices, the assumption would be that it is zero as government is not paying back debt and no one is willing to lend government money.

Hope all of you will be alright, mate. Stay strong!

don't die

I was in Sri Lanka 2 years ago.. Beautiful place! I hope everything turns around for you guys..

Really? I thought it was awful

​@@timtrainage ye Im russian and I didn't understand what he said

How is Javier Milei holding it down now?

Hello giving out 5-10eth be part of the 5 lucky persons

Russia had the money to pay its debts, but the money was frozen/stolen and the media declared that they "defaulted". Lender: Hey Russia! You owe us money! Russia: Yes. Please give me your wire instructions Lender: We don't do business with Russians! Absolute Clown World- brought to you by the Democrats

@@elonmusk8673 gimmw and dont ask for money 😂

?

@@jwdory "way out" implies we're in trouble. We're not. The national debt is just a stockpile of US treasuries so it could just as easily be called the national savings account. And it's nonsense to say the US is close to insolvency

@@jwdory No we're not. Schweikert is a politician with little understanding of how the federal government operates as a currency issuer

Define new government. France counts every administration as a government. And no one knows. For instance, Communist China claims to own everything formally belonging to the Republic of China except its debt. However, the Russian Federation accepted ownership of all debts of the USSR

Cash can be king , but it depends on how much you have. I.E- if you have 300,000 cash when the house market crash occurs you will have a LOT more opportunities VS many others especially when people get foreclosed.

When the stock market rebounds, many investors may come to regret not investing in the red today. It's possible that this pricing will never be seen again. If you have a fantastic vision for it, there is always opportunity in the midst of chaos.

I'm sure the idea of a Investment -Adviser might sound controversial to a few, but a new study by investopedia found out that demand for Invstment-Managers sky-rocketed by over 41.8% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've raised over CAD580k within 18months from an initially stagnant portfolio worth CAD150K which was devoid of dividend stocks. These are the high-volume traders.

As a finance guy I happened upon this thread to see if you were legit or full of ship. Your advice here is very solid. It’s actually the same playbook I’ve been using and have been telling my family to use. Nice work! Trying times are ahead, and good personal financial management will be very important to weather the storm. It would be very a innovative suggestion to look out for Financial Advisors like "Alysa Rebecca Reinoehl'' , who can help shape up your portfolio.

I just looked up Alysa Rebecca Reinoehl online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals.

Based on my limited understanding, It is because getting a loan is much easier and faster than collecting taxes.

I think a big part is that government deficit spending is very popular now - look at the US. Governments only tend to balloon in size unless something drastic happens. When you can borrow money to an almost limitless degree, and getting re-elected depends on how much you can promise to spend, it’s no wonder they borrow insane amounts. If you look at the history of government budget deficits, this era of insane borrowing is really a recent thing. The US for example had a budget surplus as recently as 2000 (not zero debt, just not adding to the debt). Previously, massive budget deficits really only showed up around the world wars. Now Covid has resulting in a crazy amount of spending but it’s not just that, we’ve been running at a significant deficit for the last 20 years or so. I think government borrowing is attractive for the same reason personal borrowing is: you get the money now. And when your interest rate is super low and there’s not much your creditors can do if you default, plus almost anyone will lend you money because you have a “perfect” credit score (despite only ever borrowing more and more), it kind of makes sense. If you could borrow $10M right now at 1% and you pay it back in 200 years or whenever you want, and if you default your creditor has to come pick a fight with your entire town to get anything back… wouldn’t you do it??

@@ThomasVWorm Make sense.Thanks for explanation, :)

@@ThomasVWorm yes makes sense but eventually you do have to do the "tax to pay back your debt" part 😁 you could still run a budget surplus doing this by just paying back your debt in the same year, or relatively quickly anyway. If you only ever borrow the debt will obviously just keep growing. And if you stretch it out over decades then a different generation of citizens end up paying the debt that the previous generation received a lot of the benefit for.

You're right, thanks for highlighting. Working on fixing it now.

@@ThePlainBagel Yeah u said it correctly but graphics was reversed 😂 Anyways as always grt video. Keep up the good work. Thank you for breaking down complex economic topics.

He's propaganda. Probably cia, bit who knows.

@@ThePlainBagel Please make a video on capital flight from a country and explain how it effects their currency and effect on their economy. You briefly mentioned this hypothetical situation in the video but I think this is an interesting and important macro economics topic now that the dollar is strong and a lot of other currencies are down.

i just thought he was referring to debt denominated in foreign currency like a lot of the world debt outside the US is denominated in USD.

Get home safe lol

Same !!! Unpleasant lmao

GERMANYYYYY

Greece needs to get a second job and stop being poor

greece messed up when it abandoned its currency to join the Euro

@@grimaffiliations3671 i agree

True but Russia still didn’t pay so for the owners of the debt russia defaulted.

A default is a default.

@@kvikende not really. Most countries would disregard a default that's outside of a nation's control. Especially if they're an exporter. Like Russia

@@josephhoward4697 well, those are two different kinds of default: a technical one and an actual one

@@josephhoward4697 who decided the default? rating agencies? how trustworthy are these historically, because i know at least 5 cases in which countries sent delegation with bribes in order to change their countries ratings... usually the rating only changes once the government is not aligned with US/UK warmongerers and color revolutionaries...

Lol. It was technically the government change that made Paul Singer get his money. Still tho, pretty funny.

kzfaq.info/get/bejne/qa-cgayHvdatnqc.html

Dude, they invade countries because they want to, i'm pretty sure they won't pay if given the chance.

@@dundun8640 so again, in my comment, i stated clearly, whether they have the willingness to pay is completely different matter, also ABSOLUTELY different matter is the political decision to invade or wage war, there are no correlation other than the resulting sanctions in my point, my scope is strictly from economical point of view, not from the point of any other countries being invaded, or the point of view and decision of a madman to wage a war even if they wanna pay, they can't and now the sanction is being turned upside down infact now you got to use their currency if you want gas, so, BUGGER LOL

Why should he? He's no voodoo master.😅

This is actually very close to what has happened. The greek government was forced to put all valuable land and public wealth (as the water supply service) to a big fund and then sell it to foreign corporations (mostly German) to pay out its debt.

@Babd lmao

@Babd Ah yes, let's not learn from our history. Never mind the fact that the "victors" plundered Germany's wealth after WWI (reparations), directly enabling the environment that enabled the 3R to come into power in the first place. Besides, it's not like the Greeks are any strangers to plunder. They were a world power once...

@@Lawrence330 Return the Great star of Africa while you're at it.

@@Lawrence330 Well, Germany kind of deserved it. That tends to happen when you miscalculated the posibility of you losing a war you voluntarily decided to participate in.

US cannot default.

​@@jhonatancock2302 Technically, it can, but it would cause a financial disaster on the scale of The Bronze Age Collapse.

The Petro dollar is dead. The us will default

@@jhonatancock2302 I technically could but it doesn't have to given that it pays the debt in USD. If the USD gets too inflated and loses its world reserve currency status then the US could certainly default though.

If the currency goes worthless it's the same thing

It wasnt just the. It was the ill advise of the world bank and economists like stiglitz to go all organic. Always remember - in most events, the US or at least some of their elite - has a hand.

The dynasty actually tried to avoid a default. There were many NGOs funded by George Soros, that spoke infavor of a default.

Start using silver and gold as currency and break the shackles of being in debt to globalist banks

I dont blame them for being hesitant, China is the single largest borrower from the IMF and World Bank. China is essentially borrowing from america to steal American customers and american tech so they can compete against America on the world stage, and this is after decades of american business investment in China

Funny seeing you here

He just spent that on farm land too. 🤣

Lending rates go up, as people see the investment as riskier. This makes loans harder to access.

True, Russia has the money to pay, but the US just blocks all transactions.

Yes, regardless of the reasons that lead to non payment, lending becomes riskier and therefore more expensive.

I think it has more to do with freezing Russia owned currency reserves outside of Russia. I think most of Russias currency reserves are outside Russia

Russia will borrow less from the west and more from China, pushing them further towards China therefore long term strengthening China.