US' $34 Trillion Debt Threatens an Imminent Global Market Upheaval

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US' $34 Trillion Debt Threatens an Imminent Global Market Upheaval | Vantage with Palki Sharma

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6 ай бұрын

US' $34 Trillion Debt Threatens an Imminent Global Market Upheaval | Vantage with Palki Sharma
The growing national debt of the US poses a threat to markets worldwide. According to Jamie Dimon, the CEO of JPMorgan Chase, Washington's debt is at $34.14 trillion, or almost $100,000 per US resident. Dimon claims that this is pushing the economy in the direction of a "cliff." Palki Sharma explains how this debt bomb has the potential to set off a global crisis.
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United States | Debt Bomb | Global Risk | JPMorgan Chase | Jamie Dimon | Firstpost | World News | Vantage | Palki Sharma
#unitedstates #debtbomb #globalrisk #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories - making Vantage a destination for thought-provoking ideas.
Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.

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Пікірлер: 356

@Drganguli 6 ай бұрын

In America there is a saying: till debt do us part.

@jamesmceraghan9165 6 ай бұрын

USUALLY IS A MARRIAGE KILLER HEY WARS TOO

@accidentalGamer69 6 ай бұрын

😂😂😂

@user-zu1wi9hb8p 6 ай бұрын

😂😂😂😂😂

@binwoods23 6 ай бұрын

I’ve been in America all my life and this the first time I’m hearing or reading this

@bharatgurjar711 6 ай бұрын

😂

@rogercabe6175 6 ай бұрын

yep even american citzens have for the last 15 yrs been yelling and screaming about the debt .. so let it fall where it may

@renediaz4164 6 ай бұрын

Every empire in history has collapsed! Every empire had big armies and constant conflicts and they then couldn't keep up on their economy and internal conflicts helped them to collapsed alongside external conflicts! Today's empire the US is not exempted to fall into that path!

@rishi.girdhar 6 ай бұрын

Correct. In history, the Ottomans in the middle east and Mughals in India had the same fate.

@Raj4771AK 6 ай бұрын

All debts can be wiped off with enough power and influence

@karthikreddy8567 6 ай бұрын

They have been printing d.ollars left and right. What else do u expect to happen.😂😂

@edmc2912 6 ай бұрын

Thanks Trump

@CuntAnt 6 ай бұрын

Why accuse Trump

@megancrager4397 6 ай бұрын

😂 he printed SOME, but you're selective outrage shows you don't understand how we got here... @edmc2912 It's SPENDING.

@AZ-pg8vd 6 ай бұрын

They have so much debt but they still have to unnecessarily meddle in and around every international conflict happening in the world

@kamranraja9197 6 ай бұрын

👍

@wesleesmith2778 6 ай бұрын

Ohh bless you heart maybe you chinese bots could go learn how to actually build homes and apartments without them falling to the ground.

@bizhope007 2 ай бұрын

@@wesleesmith2778truth hurts.. 😣

@Sangama333 6 ай бұрын

If the aliens ever come The first thing we need to do is to explain our financial system. They'll just leave immediately

@maheshmuthyala686 6 ай бұрын

😂

@LiberatedNotes 22 күн бұрын

😂

@70stunes71 6 ай бұрын

Some of that debt is mine. 😂😂😂

@saraswatkin9226 6 ай бұрын

Citibank owes me a few millions and they pay judges to coverup for them in UK.

@righttobeararmsetc.8492 6 ай бұрын

If we get the right people in office that debt can be handled but we have to quit giveing our money away

@giovannidicapo6213 6 ай бұрын

there's going to be a whole lot of pain coming to America for all the s*** they've done to everybody

@Vatikadrawings 6 ай бұрын

It should . I am with you. 😅

@Vatikadrawings 6 ай бұрын

I am with you 😅

@supreme5031 6 ай бұрын

Bruh ur still connected to the remote 😭😭

@edmc2912 6 ай бұрын

What have they done? Did the US invade Ukraine?

@saraswatkin9226 6 ай бұрын

MORTGAGES BEING THE BIGGEST RACKEETERING AS YOUR MORTGAGE IS DUE BEFORE THE INK IS DRIED ON THE CONTRACT EVEN IF YOU ARE NOT IN ARREARS. EXPLAIN THAT TO THE WORLD VANTAGE!

@GauravKumar-ui7ow 6 ай бұрын

"Till Debt part us Away"

@papasmurf9146 6 ай бұрын

$34T debt and the conflicts were $8T ... the problem isn't just the wars.

@burnettn7 6 ай бұрын

Palki eyebrows on point. As usual!

@kuminanida333 6 ай бұрын

America is the most notable but if you look at it, this is not a US specific issue. Its basically near global. The US is just the biggest high light because 1. Its the US 2. They make increasing the limit a major world event for political reasons such as walls and etc instead of just doing it automatically. 3. It has the biggest debt The only president to have a balanced balanced budget in the last 100 years was kennedy i believe. The rest is just more debt, but because of GDP growth and price inflation it was never to big of a issue.

@freetibet8140 6 ай бұрын

There are arguments to show that on a per capita basis, the US is nowhere near the biggest

@kuminanida333 6 ай бұрын

@@freetibet8140 Oh yeah if you go per capital then all these countries that are literally going bankrupt are far worse. Not to down play that the US's debt vs income is probably near if not the worst of the first world. The issue is the US is the number 1 economy in the world, a vast amount of the consumer base, basically the world police, and has the world currency. So if it has a issue, everyone has a issue.

@shabbarali3973 Ай бұрын

315 trillion of total debt copare to 101 trillion of total gdp globally

@chrisosgood30ruhl95 6 ай бұрын

India news is the greatest!

@sumitpawankumar585 6 ай бұрын

imagine US defaulting!!! the world will come to a stand still

@burnettn7 6 ай бұрын

China is waiting to take over

@Anime_Tensai001 6 ай бұрын

😂 sure

@aspectx1588 6 ай бұрын

@@Anime_Tensai001Your name and your comment tells me everything I need to know, you don't know shit about economics.If US defaulted, the world trade would come to a standstill and we could face a world wide recession

@thevindictive6145 6 ай бұрын

How, I don't know economics, tell me how and why it can't be bypassed?

@aspectx1588 6 ай бұрын

@@thevindictive6145 In which currency does most of the world trade occurs? if you know the answer to this question, it would be pretty clear

@jaidev6583 6 ай бұрын

After Covid the world is not same anymore

@bliss143-13 6 ай бұрын

💯 A 🚪 that hasn't closed

@KiranKumarAshok 6 ай бұрын

Agree

@paulvon2378 6 ай бұрын

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.

@owencharles-mu3zi 6 ай бұрын

Wars😮

@eduardofernandez2078 6 ай бұрын

Everything has an End... it's only a matter of Time.

@shoaebkhanpathan6518 6 ай бұрын

Question is who do they owe this money to and why are they allowed to keep taking debt?

@psychedelicexperience3564 6 ай бұрын

China holds majority of us debt

@user-vd1vj8ti5b 4 ай бұрын

It began with outsourcing work and employment to other countries.

@balasvsubramaniam-fb5fw 6 ай бұрын

Hi PS I heard your news already now my biggest concern is from you please do the flashing now this makes me Happy now ! What else we want in this World's is love & happiness it brings the Whole World's biggest and greatest happiness 💕You ! PALKI Ironically !!!!❤

@bereleneyergaw3194 6 ай бұрын

It's called ...living beyond your means.

@rogercabe6175 6 ай бұрын

we are stupid .. and stupid for being the worlds police

@108_RUDRA 6 ай бұрын

LOL ... Is that what they have telling you ? US / CIA is the reason for all World Conflicts. You just need to read a little more to understand.

@tajchoudhury6839 6 ай бұрын

Don't say police! Blackmailing , threatening and installing proxies in different nations, crushing democracy and freedom mostly in the third world countries can't be the work of a police!

@israelnwanne8401 6 ай бұрын

President Trump saw this and decided that America should not continue to be the world’s humanitarian organization who assisted those who hate it. Members of organizations should contribute their fair shares. Under him there was no war. The world knee peace.

@wesleesmith2778 6 ай бұрын

I actually agree for once. I wonder though with all we have actually done, heroes and villians in our ranks alike, if it didn't make some small change? We saved so many and yet handed it all back to so much evil. The Taliban, the terrorists, hell even Iran all got a win the day Biden pulled out. So many families that were helping us and folks there that wanted us to win got thrown right back into that. Russia even now when Ukraine is so close to that win sitting there smiling as America says we can't do it anymore. It's maddening when we try to help the good guys but all it takes is shitty media telling us we need to quit. Were going too far, it feels so stupid off us not to see that we aren't working alone against these dictators. The other countries they are helping Russia can be beat, the terrorists are not going to win, and well America doesn't have to give up just because dictators tell us to. I've seen alot as a veteran and as an American I'm not ready to give up I just wish more people understood or maybe help me understand why I should.

@aswiniaribam2140 6 ай бұрын

you are not the police you’re just pulling the strings trust me the average american thinks its all colors of freedom but behind the scene the Us is just a coporation milking its way to a life of leisure and dominance

@eleazarwilson 6 ай бұрын

People need only food, clothing and shelter.

@karoledupont4933 6 ай бұрын

Why do we get the impression it is always the same institutions raising the subject of financial crisis?

@fahimshamsuddin672 6 ай бұрын

Managing the debt is about managing the deficit. If the deficit goes down to zero or is in surplus, then the debt to GDP ratio will decline as long as the economy is growing. The US is expecting to record about a $1 trillion deficit in the 2023 fiscal year. Now, three things can help bring the budget into surplus: 1) increasing corporate tax receipts from 1.6-2 % of GDP, which will raise about $110 billion/yr. This can be achieved by closing tax loopholes or increasing the corporate tax rate. 2) taxing the informal sector of the economy, which is about 9 % of GDP. By doing this the government will raise about $680 billion/yr, assuming a tax to GDP ratio of 27 % and GDP size of $28 trillion. 3) reforming the healthcare system. The US spends about 18 % of GDP on healthcare, which is nearly twice as much as the OECD average. The US can reduce the cost of healthcare by funding free general practitioners to see patients. By having a free doctor to see patients, patients will see doctors about minor problems before they get really bad, reducing the cost of healthcare and hospitalization rate.

@sanjaychhajed5374 6 ай бұрын

Thanks!

@francescahamilton6856 4 ай бұрын

Great reporting a pleasure to listen to.😅

@williamgoulet6959 6 ай бұрын

Sadly true.

@saved1580 6 ай бұрын

Hypocrisy is the main reason

@rogercabe6175 6 ай бұрын

just wait till all the aid and humanitarian packages that we send out to all the world doesn’t show up .. now that’s going to be a real shit show

@DishaMishra108 6 ай бұрын

Not just aid and humanitarian packages.uncle! Also the funded wars and bloodshed.CAN'T IGNORE THOSE.

@lawrenceweston922 6 ай бұрын

The only aid you send is to Israel, and countries around Israel to not fight Israel. Lately you’ve been sending $ to Ukraine as well.

@sp-tw8ij 6 ай бұрын

What about all the funding that Hamas, Hezbulla, and other terrorist thst got funding from other governments?

@vsubhuti 6 ай бұрын

To Pakistan aid and weapons only to be betrayed and hated why do we support military dictatorship regimes smh

@wesleesmith2778 6 ай бұрын

No its not in fact we send aid to africa, china, and india wanna try that again. We send alot of aid and when its cut off just remember the world hates America anyway. "Come help us America we put the blame on your shoulders"

@gregoryconcessio4733 8 күн бұрын

It's $35 trillion which is 134% of U.S. GDP when their own rules say you cannot surpass 120% !! Houston....we got a problem !

@w046shivlad7 6 ай бұрын

Printing the money without consequences what else

@radhikavigneswaran6690 6 ай бұрын

Thank you for this information 🙏

@FDTLSM-sr1iy 6 ай бұрын

$2 trillion unaccounted for when Donald Rumsfield was Defence Secretary. In the USA, money appears and disappears like magic. America now the land of debt dreams.

@beatalert123 6 ай бұрын

Follwed by student loan debt, consumer spending debt and real estate

@nealamesbury7953 5 ай бұрын

When ?

@garybray3614 Ай бұрын

Yellen says borrow money from government. Print money to pay back. No need for taxes. All works out. As an agent for the WEF, Yellen has put forth the plan.

@stevejahneke9037 6 ай бұрын

Interesting ...

@RamaraoVelagapudi-oz9tt 6 ай бұрын

How the he'll will USA repay this debt! Brazil went nearly bankrupt due to $80 Bn only. This USA debt size is crazy.

@thedoctor.a.s1401 3 ай бұрын

34 trillion - 8 trillion is just 26 trillion. The other 26 trillion is because of social spending. What world is palki living in.

@vividprimevision 6 ай бұрын

For those who don't know history.Philistines don't own the part of land they calling Palestina. Israelite kings ruled over parts of the historical region corresponding to modern-day Palestine in ancient times. Some notable kings include David and Solomon, who are described in biblical accounts as ruling over a united kingdom. However, over time, the kingdom split into the northern Kingdom of Israel and the southern Kingdom of Judah, each with its own line of kings. The specific rulers varied, and the region witnessed shifts in power and control by different empires throughout its history.

@peterkimemiah9669 6 ай бұрын

Conflict only benefits the military industrial complex, improvises the involved country due to resulting economic instability.

@amitpaul6109 6 ай бұрын

America's debt need democracy. 😂😂😂

@lovelearning2604 6 ай бұрын

Spent on wars to destroy others while those at home are homeless and starving

@johnfontana7256 6 ай бұрын

Not to mention corporate welfare! But reality is cruel, you “ believe” you ate dinner yesterday,truth is , you know you are aware right this second, anxiety is anytime but now! We’re mostly anxiety addicts, that’s why the richest nation is so much in debt,cling vehemently to the past, it will suffer you very well!

@junahyahyisrael7003 6 ай бұрын

Judgement is up on the heathens

@cbryington 6 ай бұрын

There is no US debt? Who did the US borrow money from?

@sadmichael9028 6 ай бұрын

JOE BIDEN DID IT !!!

@TheIslamov 6 ай бұрын

Nothing doing! It's debt is in dollars they will just print and pay. Then demonitise. By the way which country would dare to ask it to repay?

@ericjimenez5090 6 ай бұрын

How much does America's actual debt stands when we deduct debt it owes itself?

@MrX-lk3ij 6 ай бұрын

25-27T. The rest are internal.

@philborer877 6 ай бұрын

MMT Read about it! Study it. Know it. Debt is directly related to growth.

@dimwitsadvocate6264 6 ай бұрын

Phil, you made me look something up! "modern monetary theory decrees that such governments do not rely on taxes or borrowing for spending since they can print as much money as they need and are the monopoly issuers of the currency." And this "money" is created at interest to foreign banksters.

@eugenelane3291 6 ай бұрын

He might be the latest person saying that but he’s definitely not the first.

@Benjamin_0fficial 6 ай бұрын

The world bank is in America, how can they be in debt?

@Layla-mt9pc 6 ай бұрын

Federal reserve running on fumes🤯🕵️🤯🕵️🤯🕵️

@user-qy5ns5dk4t Ай бұрын

Not completely correct. 8 T is not the problem. It's not even a key reason, Waste? perhaps, but not a driving reason. Live here - look at the budget. Dependency drives the budget,

@jbrown6367 6 ай бұрын

China and Japan are even more indebted... let's see who breaks first.

@Mr.MalyaleeContemplator 6 ай бұрын

I am surprised you know about this now.

@Potencyfunction 6 ай бұрын

If a individual or an organisation would have a proper education , would not end up in debt. If one shal analayse and mind its own economy than pppl would

@jonathanturner3175 6 ай бұрын

Thens theres WW1 WW2 Vietnam Korean.

@user-ol7tl1vf5m 4 ай бұрын

If humans figured out how to create and duplicate money, why are we all bothered with working? According to some of the population, we can print wealth on paper and pass it around for real things nobody is producing. So you see, only a select few have claimed they are allowed. These select few only share with another select few. And these select fews today have become mega wealthy under this monetary system you been using your entire life, called fiat.

@Jeff-uo8ro 6 ай бұрын

The difference is Americans are rich enough to pay all this debt in one year if the government wanted to

@balasvsubramaniam-fb5fw 6 ай бұрын

Thanks PS 💙 U from 🇸🇬 S'PORE

@rockygupta7339 6 ай бұрын

Don’t worry look at gdp.

@jariz26 6 ай бұрын

Why should it worry the world?

@proudindiancitizen2494 4 ай бұрын

Karma!! I bow to thee!

@elmernagui744 6 ай бұрын

there is a documentary Why US don't pay its debt?

@drb5003 2 ай бұрын

Fixing the debt isn't going to change nothing. Keeping the debt isn't going to change nothing.😂

@markvanderknoop131 6 ай бұрын

That's why the main energy supply lines to the EU are cut of. So we can only bay from the US.

@DamnitJess... 6 ай бұрын

I guess America needs to stop paying for every other country's bills and wars 🙄

@johnduggan1437 5 ай бұрын

Blame it on organized gambling 🎰 ?? Every hut has a slot machine ? 😅😅😅

@krk7328 6 ай бұрын

Why the world should be concerned about US debt? It doesn’t make any economic sense to me 😂😂😂

@ndahiya3730 6 ай бұрын

Debt for taxpayer, profits for MIC. 8 yr frequency for american economic slow down, decreased demand, followed by global stock markets tumbling, resuscitation by govt *and finally buying off dirt cheap stocks of foreign companies.* Wait for 6-7 years to repeat.

@akkad-bakkad 6 ай бұрын

they just print dollars 😂 they don't need any gold for that. petrol is gold for them

@This.is.Venkatesh 6 ай бұрын

And they keep making nuks as if they are the richest economy

@pcopeland15 6 ай бұрын

Jamie Dimon, often quoted, occasionally respected.

@mureedhussain598 6 ай бұрын

USA dont have to pay this debt ,its like putting money from one pocket to another

@taazaspices7500 6 ай бұрын

Don't worry, they have the dollar printing machine...😅

@Grandepau788 6 ай бұрын

Bill clinton, bush, obama, trump and biden cost us trillions

@Lkl948 6 ай бұрын

US debt is no big deal. They have a money printer.

@ruturajchavan4031 6 ай бұрын

In 2028 to 2034 there America will no longer be sitting on top position.

@Boss-gk8kc 6 ай бұрын

Forget the authenticity ; Was this report necessary? What’s the agenda?

@michaelbeltran2969 6 ай бұрын

uh, central banks should worry the world, fractional reserve banking and those who really control it are the real problem, this could be solved quite quickly if ...the algorithm will not allow me to tell you the truth...

@georgemathew860 6 ай бұрын

Y r u not saying india is full of debts now

@ThePropertyInvestment 6 ай бұрын

Debt is a *on paper accounting game* to control the entire worlds economy. To me, i have 1000 rs and distributed il under a to z types of loans and admin/war/expenditure per say. The hypothetical interest upon threats to it recovery. For actual 1000 rs it shows a bubble of 100000 or even more. That 1000 remains in the country itself only the pockets keeps changing. Likewise, most of the countries are in heavy debt crises. Its the accounting principles lead and set by first world to determine the value of the economy. In all senses, they - the first world are always right and rest are never born. This thread of series of easy money lending leads to blackhole trap for billions and only few gets benefitted through. The globalisation was well set trap to control economies through the mysterious accounting system that works far better than anything else. De globalisation is the only option left to adopt and to march towards domestic economy, we can do wonders but most of the countries have gone far ahead. Going independent is not an easy decision, otherwise 90% farming, 4% industry, 1% education, 5% culture based economy would be ideal to survive and thrive.

@Wyrdsmythe007 6 ай бұрын

Yeah, it couldn't be the $17 BILLION in foreign humanitarian aid that the United States gives away every year. And not to forget the refugees that we are taking in and caring for, plus the millions of "immigrants" illegally streaming across our borders. No, none of that could be adding to the debt...

@GauravAgarwalR 6 ай бұрын

You mean the incentive to keep wars going?

@timothychung4811 6 ай бұрын

100+ billion for Ukraine and I'm low balling.

@Wyrdsmythe007 6 ай бұрын

@@timothychung4811 I wasn't counting the military aid...

@cyprianudo5929 6 ай бұрын

But debt can always be forgiven, so why should we worry about it 🙏?

@nmew6926 6 ай бұрын

What is Palki biggest concern. A declining America will translate into an advantage fir China. Palki is advising America to stop all wars and fight only one war ( with China).

@karmachoden4906 6 ай бұрын

taking care of alott of people..

@prakashrajput5332 6 ай бұрын

But they can print money any time they want and America will do it. It doesn't care about inflation in other countries, it will flood the market with dollars whenever it sees fit.

@juson4267 6 ай бұрын

Wait till debt goes to 50 T

@andyk4182 6 ай бұрын

India’s debt has raised from 55 lac crores to 205 lac crores since last ten years! Why don’t we talk about it? Remove the log in your eyes first so that you can see clearly the spec in someone else’s eyes! This distracting strategy won’t work forever, people aren’t fools!