A counselor is an advisor who has the training and resources to help you achieve your best financial future. For confidential advice from an NFCC trained, certified counselor, call 1-800-388-2227 or visit www.DebtAdvice.org.

The United States is on a path to economic collapse, and everyone can see what is happening, but nobody can seem to come up with a way to stop it.  According to the U.S. Treasury, the federal government is currently 22 trillion dollars in debt, and that represents the single largest debt in the history of the planet.  Over the past decade, we have been adding to that debt at a rate of about 1.1 trillion dollars a year, and we will add more than a trillion dollars to that total once again this year.  But when you add in our unfunded liabilities, our long-term financial outlook as a nation looks heading to a major stock market crash and economic collapse. 

According to Boston University economics professor Laurence Kotlikoff, the U.S. is currently facing 200 trillion dollar in unfunded liabilities, and when you add that number to our 22 trillion dollar government debt, you get a grand total of 222 trillion dollars. Of course we are never going to pay back all of this debt. The truth is that we are just going to keep accumulating more debt until a devastating economic collapse. And even though the federal government is the biggest offender, there are also others to blame for the mess that we find ourselves in.  State and local governments are more than 3 trillion dollar in debt, corporate debt has more than doubled since the last financial crisis, and U.S. consumers are more than 13 trillion dollars in debt. When you add it all together, the total amount of debt in our society is well above 300 percent of GDP, and it keeps rising with each passing year.

According to official government projections, the Social Security Administration is facing a 13 trillion dollar unfunded liability over the next 75 years, and Medicare is facing a 37 trillion dollar unfunded liability over the same time frame.
Adding those two numbers together, we get a grand total of 50 trillion dollars. While the United States’ official debt is $20 trillion, the fiscal gap is really 10 times larger — $200 trillion. That comes from adding in off-the-book liabilities, including debt that’s in the Federal Reserve’s hands, Kotlikoff said. If Kotlikoff is correct, that means that the true size of the financial obligation that we are imposing upon future generations is 222 trillion dollars, and that number just keeps rising month after month.

You can spend more money than you are bringing in for quite a while, but eventually a day of reckoning arrives with a major stock market crash and financial collapse. We have been on the biggest debt crisis in the history of the world, and it has allowed us to enjoy a standard of living that is far beyond what we actually deserve, but the price that we will pay for such utter foolishness will be extremely painful indeed.

Prepare for the economic collapse while you still can.

COURTESY:
Script written by Michael Snyder, author of the www.theeconomiccollapseblog.com
THIRD PARTY CONTENTS (IMAGE, FOOTAGE, SCRIPT,) IN THIS VIDEO USED BY LICENCE AND PERMISSION.

Music: CO.AG Music https://www.youtube.com/channel/UCcavSftXHgxLBWwLDm_bNvA

Most of artwork that are included with these videos have been created by Epic Economist and they are used as a representation of the subject matter. The representative artwork included with these videos shall not be construed as the actual events that are taking place.

Anything that is said on the video is either opinion, criticism, information or commentary,  If making any type of investment or legal decision it would be wise to contact or consult a professional before making that decision.

Use the information found in these videos as a starting point for conducting your own research and conduct your own due diligence before making any significant investing decisions.

Rural financial counsellor, Wayne Stephen speaks about farm debt mediation and provides some tips to farmers in preparing for a mediation.

Suffering from a heavy debt burden can be compared to a sportperson suffering an injury during a match, says Rudi Bedeker Group sales director at DCM.

In this video, learn how to choose your debt consolidation options, including mortgage refinance loans, debt settlement, and credit counseling. Hosted by Brad Stroh, Co-Founder and Co-CEO of Bills.com.

Debt consolidation options include refinancing your mortgage to pay off other debts, receiving credit counseling, or reaching a debt settlement with your lenders. We will review when each of these options is appropriate and how each will affect your credit rating, monthly payment, and time of enrollment in each program. He also reviews the long-term costs of each option. Before choosing one, determine whether your goals are lower payments or paying off the debt faster, and then contact a reputable provider to begin the process. Visit Bills.com for more personal financial advice and information.

Or go here to see ho we can help. https://debt.bills.com/debt/?utm_campaign=Bills+video&utm_term=ag#step1

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Shocking video of the imminent economic collapse and next Great Depression.

Temporary prosperity that is created by exploding levels of debt is not actually prosperity at all.  At this moment, the U.S. government is 22 trillion dollar in debt, and we have been adding an average of more than a trillion dollars a year to that debt since 2009.  And if we stay on the path that we are currently on, the trajectory of our debt will soon accelerate dramatically causing the biggest economic collapse in our lifetime. 

In fact, as you will see below, the Congressional Budget Office is now projecting that the U.S. national debt will reach 99 trillion dollars by 2048 if nothing changes.  Congressional Budget Office projections always tend to be overly optimistic, and so the reality will probably be much worse than that.  Of course we will never actually see the day when our national debt reaches 99 trillion dollars. A major economic collapse and the biggest stock market crash will happen long before we ever get to that point.  In our endless greed, we are literally destroying America, and emergency action must be taken immediately if we are to survive.

Let me try to put this into perspective.  Not too long ago, Venezuela was once one of the wealthiest countries in South America.  These days, many Americans like to laugh at them, but we are on the exact same path that Venezuela has gone down with their horrific economic collapse.  Eventually, the day comes when there is not enough of someone else’s money to spend, and suffocating levels of debt make the option of printing giant mountains of money too tempting to resist.  At that point it is just a matter of time before a huge stock market crash and society devolves into chaos.

The same principle is going to also apply on a global scale.  The U.S. government is now more than 22 trillion dollars in debt, and the entire globe is now more than 250 trillion dollars in debt, and global economic collapse is coming.
Twenty years ago there was $40 trillion of debt in the world today there is $250 trillion worth of debt in the world.

It would take an unprecedented effort to turn things around, but right now hardly anyone seems concerned about bringing all of this debt under control. So we continue to roll on toward our date with economic collapse, and most people are completely oblivious to what is about to happen to us. A horrific stock market crash and economic collapse is coming.

COURTESY:
Script: Michael Snyder http://www.theeconomiccollapseblog.com

Music: CO.AG Music https://www.youtube.com/channel/UCcavSftXHgxLBWwLDm_bNvA

Fair Use Notice: This video contains some copyrighted material whose use has not been authorized by the copyright owners. We believe that this not-for-profit, educational, and/or criticism or commentary use on the Web constitutes a fair use of the copyrighted material (as provided for in section 107 of the US Copyright Law. If you wish to use this copyrighted material for purposes that go beyond fair use, you must obtain permission from the copyright owner. Fair Use notwithstanding we will immediately comply with any copyright owner who wants their material removed or modified, wants us to link to their web site, or wants us to add their photo.

Most of artwork that are included with these videos have been created by Epic Economist and they are used as a representation of the subject matter. The representative artwork included with these videos shall not be construed as the actual events that are taking place.

Anything that is said on the video is either opinion, criticism, information or commentary,  If making any type of investment or legal decision it would be wise to contact or consult a professional before making that decision.

Use the information found in these videos as a starting point for conducting your own research and conduct your own due diligence before making any significant investing decisions.

When trying to negotiate debt settlements with Capital One Bank, it’s important to know that their process is different from most of the other banks out there. Knowing how to strategize can make or break a settlement, so they’re important to know before you give Cap One a call.

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Michael Bovee started CRN in 2004 with a mission to provide people in need with detailed credit and debt help. The DebtBytes Channel is an extension of the CRN blog, and is dedicated to finding the debt relief option or strategy that works best for you.

South Africa’s top rated debt counselling system to manage over-indebted clients.

In this video I go over when to use the equity in your home to refinance and pay off your credit card debt