Inflation can be discouraging, but it's not insurmountable. By taking control of your finances and exploring ways to save and earn more, you can still build a secure future despite inflation's challenges.

even the Government Accounting Office that reports economic figures, has been forced to admit that inflation is 3X Wage Growth. That figure seems to point out the same point that you make Without the resources that now appear content to be exchanged with other Nations that have resources to deliver, is making all G-7 Nations experience economic hardship. The Inflated Costs that have become an economic issue for the US Government, now appear to threaten the US Currency. So the Government now confronts the Bill Collector from other Nations who ask, "Where is the Money?" So the Government now seems to be having issues they can not afford either.

the american "dream" died in the 1970s. its just been a long slow decline. as Smith said, there is a lot of ruin in a nation. and we are reaching the end of the road.

the key word is "Dream" - it is NOT real.

The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.

I call retirement the "just in case I get let go fund!" I am far off from my goal I doubt I will ever have retirement. Heck I am already tired - I am ready to retire!

@@donna_martins The US Government seems to have problems finding Money to support the US Economy. So do not go and feel like you are the only one with economic problems.....

That sounds good for the rest of the world.

Hey.. we're amazing Americans we don't stop spending..

Lies again? UDK Module USD SGD

Exactly because she talked about the current amount of debts. To cut public spending is a way to decrease future debts, it won't have an outstanding impact on debts at these moment

@@sandponicsno it’d be terrible for the entire world

I wonder if the new money will be "Lego blocks"?

This reminds me of the jenga blocks in “The big short”.

@@noclicheplease Treating Currency like it is a child's toy, does indicate some immature understanding of Economic terms? Are they treating the general public like Kids? "Wait for Me Mr Ice Cream Man!" "I have a Nickle."

Debts so high it had to be Mega Blocks instead

I agree, she also should have mentioned what happens to the dollar after the world stops it as world reserve currency.

yeah like sending money to ukraine and israel to protect blackrocks investments

This! That should be the first option, but she failed to even mention it. I kept waiting for it, but then remembered why I unsubscribed to these fools awhile ago.

Propaganda disguised as information.

The government shouldn't reduce spending. Unlike you and me, it's actually a good thing when the government runs a deficit because their deficit is our surplus. If the government starts running surpluses, that would mean we in the private sector have been pushed into deficit, and thats is a recipe for disaster. This is why every depression in US history has occurred after a period of deficit reduction

Right? I'm like, "who wants to tell her?"😂😂😂

In 20 years too!!! She is beyond stupid.

Who has the Currency to support the Debts of the USA? The $200 trillion of Derivatives estimated to lurk in the economic bushes? The $50 billion of Commercial Real Estate debt ??? How do Fiat Currencies maintain the power to purchase products from the Nations who provide resources to enable industrial production? Where is the actual power to purchase the products that are needed to continue the Capitalist exploitation of resources to continue the flow of funds to Cayman Island Banks who appear to be discreet about their Clients?

Cutting spending doesn't necessarily work. My country had austerity to curb debt, but the debt continued to grow and it resulted in stagnant salaries for the past 15 years and a basically complete economic collapse for anyone not yet a homeowner.

@@user-ds8rj2vc4vyeah sometimes cutting spending is not an option

@@user-ds8rj2vc4v That's the correct answer. You cut spending, the economy shrinks and the debt goes up faster. I call it shrinkonomics and itz dum. It sounds good, though, doesn't it? Periodically debt/GDP peaks, during and after WWII and the 2008-11 crisis leading to slow GDP growth. It should be clear that it's the GDP (flow) side rather than the debt (stock) side that should be the focus of a solution. You can't fix a supposed debt stock problem by reducing the GDP flow. So why isn't it clear? I'm waiting....

@@erniekeller1093 Yeah, not to mention, how much would they need to cut it in order to cover the debt? We're not talking about making up a £100 loss. The debt is at $34 trillion. You're not solving that from cuts. If they started taxing billionaires and offshore companies properly, that would certainly help fix the national debt problem. Look at companies like Apple, which have over $10 billion just sitting in the bank. Apple makes about $400 billion per year, but pays a total of $17.5 billion per year in taxes. It makes about $97 billion a year in net profit after all costs etc. So of that $97 billion, they're paying $17.5 in taxes. So about 17%. Really, they should be taxed at about 40%. Right there, that's another 20 billion that would be able to For reference, that $20 billion is the predicted cost to feed every American child at school a lunch. I know they sell internationally and should be paying taxes everywhere appropriately, but you get my point. If more companies were appropriately taxed, then more money would be available to cover national debt and improve the living conditions of the people living in said countries.

@@user-ds8rj2vc4v The debt stock is not a problem. It's all the financial assets the economy has accumulated that the government wisely chooses not to tax into oblivion. Prove we need to do that. Tell me what problem is solved by taxing it all back.

nothing happens, japan which is one of the world's leading economies is an example of that...

After that yellow dragon fruit

@@trader2137 Japans economy is a disaster though. A perfect example of where we don’t want to be.

@@lukeh3020 We were told if a country has a debt to gdp ratio half as bad as Japans that they would suffer hyperinflation or lose control of their interest rates. None of that happened. So this idea that our debt is at critical levels is nonsense. Granted their economy has been suffering from slow growth, but that's because of their 20% consumption tax and other contractionary fiscal policies.

Been to Japan lately? We should be so lucky as to have a country like theirs.

The most obvious option, reducing the government, just isn't on the table apparently. Pretty sure they're intending on sticking *you* with the bill.

@@LyricsQuest Why hurt people by cutting public services when you can just stop selling bonds? There's no rule that says we need to sell bonds and add to the debt every time the government runs a deficit

@@grimaffiliations3671 Tax revenues apparently can't pay for the current budget, so stopping the sell of bonds/debt, would lead to a collapse of spending and cutting of public services by necessity.

@@LyricsQuest Tax revenues don't pay for anything the government does on the federal level. They're debited out of existence. Anything the government needs, it simply creates as it goes. They rolled over 120 trillion dollars worth of debt in 2021 alone. Thats trillion with a T. Besides, neither taxes nor bond sales can finance the government since spending comes before taxing or borrowing

Sure If u want to have less money in your bank. The spending of a government is the income of the population. So, if the Government goes negative in spending, it will take money out of the system and everyone will have less.

nothing wrong with spending as long as you don't spend beyond your economy's productive capacity

his predecessor was all about spending and rich people tax breaks. he's spending, for different reasons, but is doing it wrong here too. it's a bad combo these two.

@@w1-em4nq spending on people is much better than spending on tax breaks for rich people

@@grimaffiliations3671you all should actually read multiple news sources.

@@grimaffiliations3671he lowered tax for everyone. Biden is raising it for everyone including you so don’t worry our prices have gone up purposely. Biden is also projected to spend more than trump.

the solution so simple yet so complicated , always got money for other countries except for us

partly agree, but it would just go to billionaires and the less rich millionaires. Just ask 45, that was a joke and slap in the middle class's face.

Get some land, build a house and start to grow your own food. There will be more than enough shit flying around to fertilize your plants.

Reverse all the tax cuts the rich have enjoyed over the last 50 years, the US government used to not have to run debt

the social security isn't going to go to 0 suddenly, at worse it's more like the payouts wouldbe 75% what they were.

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits, such as regularly setting aside money for sound investment...

Money invested is far better than money saved, when you invest it gives you an opportunity to increase your financial worth

It's remarkable how long term advantage people like us have gotten trying to be consistently not stupid, instead of trying to be very intelligent

The wisest thing that should be on everyone's mind currently should be to invest in different streams of income that doesn't depend on government paycheck. Especially with the current economic crisis around the world , this is still a time to invest in Stocks, Forex and Digital currencies

I keep seeing how lots of people testify about how they make money from stocks, Forex and crypto currencies (BTC) and i wonder why i keep losing.. Can anyone help me out or at least advise me on what to do 🙏.

Yeah because no-one will think to do anything in that time...loooool Debt is just a factor in economics it isn't the entire picture

Yea they were spending it on you trying to make your life easier.

Yeah that one's laughable. Run for office and have your slogan be "Save America, raise taxes" and see how many votes you get. It was a small group with an oversized reach of power that convinced millions of Americans across different generations that very low taxes is good, the govt. is bad, and global warming is fake. Oh, and they convinced people of other things too such as Democrats stealing babies and such.

@@mosijahi3096 Yes, I'm so glad the 20 years worth of military spending in Iraq and Afghanistan has produced so much value on making my life easier.

​@mosijahi3096 can you explain your hypothesis, good sir? I am from Switzerland and I'm very intrigued by this.

The scary thing is that the the social security and Medicare jar are drastically larger than the military one and it's only going to increase as more boomers hit retirement age.

@@Watcher4187that isn’t true. The military is about 50% of all our government spending

​@@Freiheit1232This also isn't true, at least not completely. Our defense budget makes up around 50% of our discretionary spending, but discretionary spending only makes up around 30% of our total budget. The other 70% is mandatory spending which must be paid in full before a single dollar can be spent on discretionary spending. Mandatory spending includes Medicare, Medicaid, Social Security, and payments on the National Debt. Mandatory spending can only be changed by changing the bills that created them in the first place.

@@Freiheit1232 military spending is approximately 15% of the US budget.

@@Freiheit1232 That isn't even close to true. It is about 13%. Transfer payments are like 60%.

How? Please who can you recommend me your professional?

Sure I am a born again Christian I recommend and share what is good and profitable, (Sandrina Edmondson). That's her name

Thanks to Mrs Sandrina Edmondson.

She's a licensed broker here in the states

+1

I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy.

How ..? Am a newbie in crypto investment, please can you guide me through on how you made profit?

Thanks to Mrs Maria Davis.

She's a licensed broker here in the states

YES!!! That's exactly her name (Maria Davis) so many people have recommended highly about her and am just starting with her 😊 from Brisbane Australia🇦🇺

The debt has literally doubled in the ten years since 2014. See? Something has changed after all.

@@LarifariRambazamba But not for the better. See?

as most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisory management

I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.

Impressive can you share more info?

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Colleen Rose Mccaffery” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

should be "this video is so stupid" and naive, debt(by the government) is nothing but government expenditure on development, the government can pay the debt right now, but that'll lead to hyperinflation, instead the government needs to print money, at a rate, just below the rate of GDP growth, some inflation is good for the economy in the long term, take Japan for example this is the biggest example of a country will the most amount of debt, there it is. this is just a higher level explanation, of course there are more nuances to this

Does not bother them the politicians are getting rich and richer 😂😂😂😂

You are assuming they know how to use a computer...

i thought war is good for the economy?

The mistake is thinking those in government are idiots, just as it's a mistake to think they have the citizen's best interest at heart. They're literally selling out the U.S. and getting richer, but have fooled most of the population into thinking they're blundering about like buffoons.

the government doesn't spend your tax money. Federal taxes are debitted out of existence

Because we need our government, spending less means there might as well not be a government. You want to live like that go to Haiti.

@@ILikeMyPrivacytbt so it’s this size government or Haiti? Don’t be that simple minded.

@@jjwallnutts4341 Okay, what spending do you think we could do without? We need defense with the expansion of authoritarian states and the loss of democratic ones, we need a safety net in times of hardship, we need education and healthcare. What do you think we should give up? Frankly I don't think we spend enough on our education and healthcare, those are things that pay for themselves but are usually the first to go when people cut taxes.

@@ILikeMyPrivacytbt you dont think there is VAST waste in each department you mentioned?? We could cut a millions bureaucratic jobs tomorrow and no one would notice.

She a bit 30 years off. Must been bored lol

that explains why we had so many depressions during the gold standard, tying our entire money supply to shiny rocks was a bad idea

When the US dollar came out of the Gold Standard, Americans started spending money like their was no tomorrow, and now there is no tomorrow, and no hope of saving the USA.

@@sandponics spending money is good

Get a financial planner straight up! personally, I would invest in etf and also love investing in individual stocks. yes it’s riskier but I'm comfortable in my financial environment.

I agree. This is exactly why I work with an investment advlsor. I currently have $690k in a well-diversified portfollo and my portfolio is well-matched for every season of the market. We are working on more figures ballpark goal this year.

@georgeh Mind if I ask you to recommend this particular coach you using their service?

Sure. She goes by 'Amber Russell Bennett'. Just research the name. All of this happened in less than a year after she told me what to do.

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

wars should never happen. but Americans are weak. Big bad scary Russia, we HAVE to let them win. weak weak weak boys in America.

You sound like the people who opposed fighting the Nazis... "We just borrowed $345 billion to pay for a futile war in Europe that should never have happened..."

literally nothing to do with the trillions of debt

@@nneisler Yes it does. Stop being naive.

It cheaper for NATO country to send them money than send troop... And on that monney, you have to realise a major part of it will benefit US by been the main sellers of weapon... Most of the US spending did stay in the country and some country like Canada did send Ukraine monney directly in US to sent them weapon... So they will make monney at the end...

I can understand that it's scary for a US citizen.

She is referring to the debt hold by public

@@larskaminskidk what's the difference? and by public you mean the US population and government except the private companies?

Debt hold by public is the total debt minus debt hold by government organisations : Social security, medicaid, medicare ect

@@larskaminskidk So according to you US population holds 33 trillion dollars in debt?

Don't forget defense. They could cut a lot of spending without reducing readiness by just hiring experts to check what their suppliers are charging. They cut out all the engineers who checked to see if things were good value for money. Now there's a company that does most of the militaries spare parts...bushings worth $500 max were sold to the navy at $100,000. A rubber seal for an apache... $10k. Might be worth $20.

Well you could save 10% of gdp or around $3trillion a year though creating a universal healthcare system as there is huge market failure in the current private sector healthcare system. So no new taxes, less spending, more output…. It’s efficient Europe style.

Defense spending is less than 15% of the total budget.

…it’s a good thing you can still recognize the helicopters that fly above Max. If the defense budget is dropped further from the 13% it is now, you might not recognize anything that flies in our airspace…

This!

Terrible idea. The governments deficit is our surplus. So balancing the budget just means pushing the private sector into deficit. You're basically calling for a depression

When a government has a surplus and no debt and continues to keep taxes low but greater than spending, the surplus keeps growing. The people, with low taxes, have more purchasing power. That spending helps the economy. Deficits means borrowing. Borrowed money costs more because of interest. That means more money must be taken from the public to pay back not just the borrowed amount, but the interest. Everyone knows that if you need $100 and you have $200, you can cover the debt with $100. But if you have to borrow that $100, it'll cost over $100 to clear. On the large scale, people go bankrupt, companies go bankrupt, and history shows countries can go bankrupt. The question is simply when will it happen.

​@@frpgplayer This is wrong. the 3 sectors of the economy (private sector, public sector and foreign sector) can't all be in surplus at the same time. The only way for the private sector to run a surplus (which it needs to do to stay out of recession) is to draw that surplus from one of the other sectors. And since it can't draw the surplus from the foreign sector because of our trade deficit, it must draw it from the government. So until we get rid of our trade deficit (which can't happen unless the US loses it's reserve currency status) the private sector will rely on government deficits to stay afloat and calling for a "balanced budget" is basically calling for a recession. This is why every depression in US history came after a period of deficit reduction And no, more money doesn't need to be taken from the public to pay the interest of the debt. The government pays this interest by rolling over the debt, taxes do not pay for this. The fed rolled over 120 TRILLION dollars worth of debt in 2021 alone. Also, there's no rule that says deficits must equal borrowing. The government could run deficits without selling bonds, since bonds don't finance government spending. Bonds were sold to control the interest rate, not to fund the government. But since 2008, the fed has paid interest directly on reserves, making bond sales (borrowing) no longer necessary. Countries can indeed go bankrupt, but only if they borrow in someone else's currency. Every country you can name that has ever gone bankrupt in a fiat system did so because they raked up too much foreign currency debt. But you can never go bankrupt in your own currency. Just ask Japan, who are perfectly fine after raking up a debt to gdp ratio of 250%

@@grimaffiliations3671 Socialist thinking type. No, wealth equals to production capacity which leads to greater capacity to buy anything, not from monetary manipulation. The State isn't the "engine" of the Economy, the private sector is. Governments don't produce anything, their spending come from reducing the current (taxes) or future (debt + interests) purchasing power of the population/private sector. The less governments influences the economy, the better it tends to go...political decisions aren't usually logical/rational decisions, they are decisions to privilege certain groups/lobby while the collective result is jeopardized.

Ask Jimmy Carter what the effects of Inflation are.

huge inflation = economy crashes. It crashes either way ,there is no option where you get economic growth because we have consumed more than we produce for too long and you cannot revert that anymore

You mean just like Germany did in the 1920s. Then we had WWII to help fix the problem.

YUP

survey shows that the average american have trouble udnerstaing basic maths such as compounding, i am not surprised they dont understand how national debt works.

Thank You! im glad im not only one!! There is no debt! they could print out the money n pay it off!🙌But would look bad! Every Country does it! prints alil extra!🙄🤷‍♂️

system collapsed because FED didnt fix it with printed money. Now they print so its not an issue

Agreed. These investors, which are private or foreign nations, are buying America. The American economy is a freight train. Its not going anywhere anytime soon so the US gov debt is a nothing burger...

If its not a debt what is the actual value?

This!

theres nothing responsible about austerity. Not only does it hurt people and slow the economy, it doesn't save you money in the long run

@@grimaffiliations3671 you probably need to understand what a true free market is. A propped up one by artificially pumping money in all sectors is why it can't be maintained in the long-run. The longer the spending balloons the more people it will impact and longer the impact.

@@Xyz99899 The governments deficit is our surplus, so if the government balances its budget, that would simply push the private sector into deficit. That's not a good thing for the economy. Government deficits provide the only way for the private sector to net save. Also, government deficits can be maintained. The fed has full control of interest rates, so they can always put the interest rate below the growth rate of the economy. They could also stop selling bonds and adding to the debt at any time

@@Xyz99899 The free market can't function without the nations currency. The government's deficit is our surplus. If the government runs a surplus, that means its pushing us in the private sector into deficit. Only way for the private sector to net save is for the government to net spend

Hello how do you make such weekly??I'm a born Christian and sometimes I feel so down 🤦 of myself because of low finance but I still believe in God.

Thanks to my co-worker(Alex) who suggested mrs Elizabeth Ann Graney

She's a licenced broker in the States 🇺🇸

Wow! Kind of in shock you mentioned expert, elizabeth ann graney.What a coincidence!!!

Elizabeth Ann has really set the standard for others to follow, we love her here in the UK as she has been really helpful and changed lots of life's

Until the moment the dollar isn't the main reserve currency and a lot of different countries cannot be silenced by military force...

@@drjp4212 1. Economic chauvinism is a two way street. China can be the reserve currency of the world, but it won't mean jack if they lose MFN and open trade just because some hillbilly populist grabs the reins and tells them to pound sand. Which is a constant danger in the US, and everyone else in the world knows it. The unique position that the US occupies in terms of geography and consumer/manufacturing capability demands that the rest of the world play fair or groan through trade disputes which screws everyone. International trade may be done in Yuan, but not if the US is in the equation. It will have to be done in US$. 2. The military issue is one that is already set in stone. China is not going to defend Europe, and Europe will not allow them to do so. The middle East allows token Chinese forces to gain favor, but no OPEC member apart from Venezuela is going to trust their safety to China given their history. This leaves only two choices, the USA and Russia. Given Russia's recent history and friends list, the choice is clear.

​@@starventure lol! You know nothing about China, China actually don't want their yuan to be appreciated and become world reserve, since it would lose their export-competitiveness. Everything has trade-off. Their true objective is "means of productions" (Marxism 101) As long as they own most of "world productions" they will be the next "cultural hegemony".

If everyone with some land grew their own food, things would improve drastically.

scott: There is no such thing as synthetic nitrogen; N2 = N2 regardless where it originates. How does N2 release carbon dioxide, CO2, into the air? Any references for this? As a farmer you ought to appreciate that CO2 is plant food. Just talk to any commercial green house operator.

I'm glad I was introduced to forex trading and got the best teacher and mentor who helped me understand the financial market I'm grateful to Mrs Liam🙏

It's a miracle and I would testify, $110,000 every 4 weeks! I now have a big mansion and can now afford anything and also support God's work and the church.

I have made more than 90K USD God bless Lucy Mary Liam God bless United Kingdom 🇬🇧

Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself

Thank you Lucy Mary Liam $45,000 weekly Profit regardless of how bad it gets on the economy.

I will advice you should stop trading on your own if you keep losing.

If you can, then get a professional to trade for you I think that way your assets are more secure.

I'd recommend Bethany Jennings, her profit is great even when there's a dip

Wow I'm just shocked you mentioned Bethany Jennings, I thought am the only one trading with her

You don't need to be shocked haha because I'm also a huge beneficiary of her

everyone not sanctioned into oblivion like russia, NK and iran..

expat?

Where will you move?

Good move 😎

@@adrianpjagger Trump shattered the Record with a $8 Trillion Dollar increase in just 4 years ~ He said he would do just the opposite ... Guess he Lied to US...

If the US goes to shits, I’ve got a feeling every other country will also get hit.

This is what I was wondering as well. "Critical point of no return" talk without addressing other countries that have already gone FAR past that. This just makes Business Insider look foolish, like they did no research. Either that, or they have been influenced by Republicans who always make US debt a talking point. This makes me take everything else BI says with a grain of salt.

The Japanese have a massive currency problem.

Japan had negative interest rates. Not anymore (2024). Debts aren't only debt, they represent a cost to be paid monthly/annually, and that's what matters for the government finance.

Many Japanese adults live like slaves. Wake up early to catch the train, and then stay at the office for 12 hours. It gives them an hour to drink at a bar after work before riding the train home to go to bed. The Japanese are generally miserable if they are working fulltime. That is why there is such a huge NEET population in Japan. Things are so dire that many young people would rather just play video games until something major happens. Adults don't seem to grasp that when they hand their children a sick, perverted, mismanaged society that many of the kids will say "no thanks" and just live as NEETS

"The Japanese don't seem to be living in poverty." Yet.. Just because the Japanese have dodged the economic collapse bullet so far doesn't mean they always will...

Thanks for watching!

Paying debts, reduces the money supply, making new debt increases it. Monetary inflation goes one way and not the other.

@@LyricsQuest No it doesn't. There's no pot of money from which the government must spend it simply creates as much money as it needs as it goes

@@grimaffiliations3671 Check out Fractional Reserve Banking on wiki. "When a loan is made by the commercial bank, the bank creates new demand deposits and the money supply expands by the size of the loan.[4] ", and "Just as taking out a new loan expands the money supply, the repayment of bank loans reduces the money supply.[19]"

@@grimaffiliations3671just to let you know, 1. Bonds are already dead, as you look at the largest buyer of debt is the fed. Meaning the bonds are just going back in to a book. Making more money/gdp meaning more inflation. If other countries were buying it then it would spread the cost else where. 2. More or less money doesn’t matter, what matter is M1. That is the reason why the banks are not allowing any withdrawals, more cash more inflation. But as the debt gets higher, the value of dollar gets less, meaning your money will get less in purchasing power any way it goes. Value vs debt problem. To conclude unless you know a way out your are s up both way and side way, there is no way out.

Yeah. Japan's national debt is 261% of their GDP - the highest in the world. You don't see them in crisis mode. This report is a joke.

@@Rexvideowow Have you ever heard of the "straw that broke the Camel's back"? Keep increasing debt over time and eventually services will stop or hyper inflation will occur.

@@chuckdawit Sure, but the people who report on US debt being a problem have always had the position that going over 100% GDP is a death sentence. It's clearly not. I'm not saying spend all you want like it's an all-you-can-eat buffet - just that the reporting she's done here is straight up fearmongering. Absolutely no mention of other country's debt for comparison. Any time you withhold information like that, you're selling a lie, plain and simple.

@@Rexvideowow they are unable to combat the weakening yen because they don't have the luxury of raising rates. Japanese people are absolutely not happy seeing the yen test 160 per dollar. They are getting poorer.

Agreed. Cut taxes, reduce government spending, and repeal labor union protections.

Just get a financial planner straight up! personally, I would invest in etf and also love investing in individual stocks. yes it’s riskier but I'm comfortable in my financial environment.

I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m

Who is your advsor please? if you don't mind me asking

The advisor that guides me is Amber Dawn Brummit, most likely the internet is where to find her basic info, just search her name. She's established.

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

There's a high likelihood that they are planning it. Trump's rhetoric of "Strengthening our military" is an allusion to a somewhat obvious future conflict. Zuckerberg is likely privy to these plans, thus the underground Hawaiian compound.

military equls your security and security of your children, so its very important

And then look at medicare/medicaid and despair

@@trader2137 But we are the most powerful nation in human history and our geography makes us virtually unconquerable and our military spending far exceeds even China.

@@trader2137 More like the security of US international corporate interests (oil projects, infrastructure projects, corporate farmland all over the world (Think DOLE), US corporate mines,etc). The USA doesn't need 800+ bases around the world to stop the invasion of the USA homeland.

@@trader2137 Unfortunately, we give donations instead of doing proper business-like deals to the countries we spend billions of dollars on. Meanwhile, anytime we need or want support, our allies barely fund a dime. Why is the American public always on the hook? What we don't lose in taxes, we lose in inflation. However, I still agree a good amount military spending is important for our security (it should just be closer to home, i.e. why do we cut our personal missile defense by 1 billion and increase Israel and Ukraine by 70 billion, where is border security?). Unfortunately, we refuse to build even fund basic border protection and pay people to enter our country illegally. We give them $10,000+ dollars in benefits as soon as they get here, hotels, pre-paid visas, etc. Then, they have there basic needs met and some of them move on to stealing the cars of the working class. They also have the added benefit of being basically untraceable, pay no income tax, change there name every time they get caught breaking the law, and so on. We have no idea how many murders have entered, where they are, who they are. Crime has skyrocketed in every single city housing ton's of "migrant" AKA "illegal as hell people". On top of this the people of the city our then getting taxed higher and can't even use their basic public goods the way they were intended. These "migrants" are spitting in the face of Americans, American law, and American money, and we are handing them money and opportunities to abuse us in return. Even when the police is knowing dealing with illegals, there is essentially no concept of deportation anymore, and no consequences, no fines, nothing. There is no justice. We spend zero dollars enforcing the law saying they should not be here or actually show up to a court case. The system is abused and I'm tired of it. I'd rather pay less tax and have less government because they are clearly a bunch of useless overpaid assholes who don't give barely a care in the world about the people they are supposed to serve.

Peanuts compared to spendings on the military. Totally peanuts compared what would happen if the rest of the world would abandon the petrodollar

Well yes, we are taking out absurd amounts of debt to help Ukraine and Israel.

problem is you cant afford to pay back the other half.. even if you pay yourself back first.

Cutting government spending must be met with tax cuts to create cash flow to the government. Increasing taxes would make us less competitive. Repeal labor union protections

@OmarOsman98 buddy trump cut taxes and government revenue fell. That is a Reagan era myth.

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LMAO no we aren't. Japan's is more than twice as bad at 261% of their GDP. This video is just here to scare people.

Thats war spending

Budapest Memorandum that the US signed in 1994, obligates aid to Ukraine and guarantees integrity of Ukraines borders. Thats what’s up.

@@andreyromashchenko8967 The 94 Budapest Memorandum is a political security assurance from the US/UK and not a legally binding security guarantee.

We are not sending 40% of our annual budget to Ukraine clown show.

@@dmacarthur5356 you are trying to make it sound not serious. Its about nuclear weapons, so it’s as serious as nuclear weapons.

military aid is a drop in the sea of the US spending, and its necessary to keep the western alliance healthy, its better to send money now than your children to a war in 10 years... ignorant.

better to send money than your children in 10 years... also most of the money stays within USA and gives thousands of job places....

explain?

I get what you mean , its neo cons and cons still very much like the George Bush era disaster

​@@hugostiglitz5798 1:13 - 1:44 The wars on terrorism (Republicans and neoliberals), 2008 financial crisis (Republicans and neoliberals), 2017 TCJA (Republicans), COVID-19 (Republicans bungled response which then necessitated spending to bail out the population).

you read the deficit myth by stephanie kelton?

@@jonathanthainguyenThe Republicans have the right idea in general. Their only issue is military spending.

Inflation. There's no calm expectation to see your money 5% per year while its purchasing power is 10% lower a year....

​@drjp4212 okay yeah, that makes sense thanks!

💲= fiat currency

@@peekaboopeekaboo1165 so?

@@grimaffiliations3671 Facade

Even without tax cuts, you can elevate debt through increase in spending

Yup, all these doomers need to read The Deficit Myth by stephanie Kelton or watch the new documentary Finding The Money

@@grimaffiliations3671 What if a country runs deficit and the debt is held by external parties?

@@wyw201 As long as the debt is in your own currency, it doesn't matter whether its bought domestically or by external parties, you'll be fine

@@grimaffiliations3671 To be clear, the amount of national debt doesn’t matter. You can issue debt from 0 to infinity as long as the debt is in local currency? This principle also applies to all countries in the world.

Yes, and foreign aid of ANY kind is taxation without representation!!!

@@JohnDoeTheTroll u elected the people voting for it

@@grimaffiliations3671 I'll be sure and not vote for those who allowed this then.

@@JohnDoeTheTroll allowed what? paying us defense contractors?

@@grimaffiliations3671 Is that where you really think that money goes? LOL