The US has over $35.8 trillion in debt. This is an insane number, and it’s a number that’s only going up. As a… not-so-fun bonus fact, the world has roughly $72.7 trillion in debt, meaning that the US alone accounts for almost half of the global debt level. Crazy stuff.
Naturally, this raises a few questions. Can the US repay its debt? More importantly, what happens if it can’t repay its debt, and goes into default? The answers to these questions are about as scary as you’d imagine. A US government debt default would not only cripple the US economy, but it would also send shockwaves around the entire global economy.
???? Get The Hottest Crypto Deals ???? http://www.coinbureau.com/deals
?? Join The Coin Bureau Club ???? https://hub.coinbureau.com/
???? Coin Bureau Discord ???? https://go.coinbureau.com/cb-discord
???? Insider Info in our Socials ???? https://www.coinbureau.com/socials/
???? Best Crypto Merch ????https://store.coinbureau.com
???? TOP Crypto TIPS In Our Newsletter ???? https://guy.coinbureau.com/signup/
? More Coin Bureau Channel ???? youtube.com/@morecoinbureau
???? Coin Bureau Trading Channel ???? youtube.com/@CoinBureauTrading
~~~~~
???? Essential Videos ????
Debt Ceiling Explained ???? Will the United States Default!? Debt Ceiling Explained!!
US Bond Vigilante ???? They’re CONTROLLING The Government!! Know This!!
~~~~~
?? ???? Useful Links ???? ??
? Debt Ceiling: https://www.investopedia.com/terms/d/debt-ceiling.asp
? Global Impact: https://www.pbs.org/newshour/world/heres-what-would-happen-to-the-global-economy-if-the-u-s-defaults-on-its-debt
? Why Fiat Fails: https://news.bitcoin.com/how-fiat-money-fails-deconstructing-the-governments-paper-thin-promise/
? Life After Default (According to The White House): https://www.whitehouse.gov/cea/written-materials/2021/10/06/life-after-default/
~~~~~
– TIMESTAMPS –
0:00 Introduction to U.S. Debt Crisis
0:37 Debt Default Explained: What It Really Means
3:34 Global Impact: What Happens if the U.S. Defaults on Debt?
7:07 Rising Concerns Over U.S. National Debt
10:27 Potential Solutions to Prevent a U.S. Default
14:10 Who is Buying U.S. Debt? Key Foreign Investors
16:29 Market Crash: How a Debt Default Could Impact Investments
19:20 Conclusion and Next Steps for the U.S. Economy
~~~~~
???? Disclaimer ????
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#usdebt #debtcrisis #unitedstates
???? EXCLUSIVE Deals (Bonuses, Discounts, Giveaways) ???? https://www.coinbureau.com/deals/
????Bybit $60k rewards + 0% maker fees for 30 days ????https://www.coinbureau.com/deals/trading/bybit-cb/
????Blofin $100k bonus + 70% fee discount ????https://coinbureau.com/deals/trading/blofin-cb/
????OKX $20k bonus + 40% fee discount for life ???? https://www.coinbureau.com/deals/trading/okx/
smart to cut the commercial in half to the one who edited the video^^
So basically, “default” is the moment that the world realizes that the US dollar isn’t worth the paper it’s printed on. So can BTCUSD make it to $1 million? Sure, you can buy a lot of toilet paper with BTC right now!
There are to many government worker. And they print to much fake money. It's a failing institution system.
thanks MR G
The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenback. Their economies are in worse condition than the US… if that's even possible. Someone is going to be left holding the bag…
10:48 If that was actually the solution then why is it that the USA has the highest debt in the world with the highest amount of immigration in the already?????
it wont default. i'll gladly take the other side.
13:20 Tell me you don't understand bonds without telling me.
The future of sound money is here. Even though Litecoin is not a fork of btc, it is the second oldest coin on the market, after bitcoin. Since its invention and implementation in 2011, litecoin (LTC) has been listed as the tried and tested alternative to bitcoin. Litecoin (LTC) is a digital precious metal, a digital commodity, not a security, that cannot be debased, censured, seized, frozen, or confiscated. As a truly decentralized digital commodity, LTC cannot be debased, censured, seized, frozen, or confiscated and it possesses MimbleWimble (MW) privacy protocol and Proof-of-Work consensus; and both have a limited supply of coins: 84 million in case of litecoin, and 21 million in case of bitcoin. Only that litecoin is lighter, swifter, and hugely undervalued against bitcoin. Bitcoin is an investment of the kings, and litecoin is the money of gentlemen.
Pavel and Mushroom head big default and lies ????????????????????????
Our debt load is rapidly growing. The government can either default, pay it back through massive austerity/reduction in annual deficit spending, or inflate it away. I bet it will inflate by printing more US dollars to service it. So buckle up, retirees!
Printer go brrrrr
all governments of the world will be forgiven of debt and TOLD to accept the new system same as the polulation . THEY HAVE YOU ALL BY THE BALLS ENJOY.
US won’t default as they can print their own money. But the dollar will inevitably be devalued