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What if the US government could never pay down its debt again, because the entire financial system depends on it? We reveal why the old tricks for shrinking the national debt have vanished and why most of the federal budget is now locked in for good.
This episode unpacks what really happens when America tries to cut debt, and how today’s global economy would react. If you want to know why the US debt keeps rising and why that affects your future. Watch now.
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~ TIMESTAMPS ~
00:00 The Only Time America Had Zero Debt
01:24 The Greatest Debt “Reduction” Wasn’t Real
03:15 Why America Can’t Repeat the Past
05:19 The Demographic Crisis Nobody Can Stop
07:30 The Budget America Can’t Cut
09:45 Why Government Shutdowns Barely Matter
11:47 What Happens If the US Actually Pays Off Its Debt?
13:52 The Hidden Role of Treasuries in Every Market
15:56 Why the World Needs America to Keep Borrowing
17:27 The Shocking Truth: US Debt May Never Go Down Again
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???? 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 stocks poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#usdebt #debt #uscrisis
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The welfare system wouldn’t be so much of a problem if white people werent robbing it blind- ie the Brett farves of the world, Africans and ashkenazis too
A regurgitation of what we already know… Sad.
The entire world knows treasuries are the safest place to keep money, so we CAN’T pay off the whole debt as that will crash the world economy, but we should take it down to $5T or $10T. Not that there’s a way to do that which won’t cause enormous damage.
At the moment US retirees are still too rich.
They should become much poorer like people after USSR disintegration.
And also cancel SNAP program.
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Chumps used to using bankruptcy to wipe the slate, I don’t think it’s going to go that well????
Ehm.. ok, but.. if it keeps climbing and climbing it will be harder and harder to pay up, which means the services to the US population will get worse and worse, not to mention that the "outside investors" will, bit by bit, shorten their exposure to US debt until it becomes less of a problem.. then, after a while, the US will collapses on debt as many other empires in history.
It's their debt so I don't care , the government should start selling federal lands back to its citizens not foreign entities,
Nic: The state — or “the government”, as it is called in the popular delusion — will never pay off the debt, for all the reasons you’ve explained. What it will do is repay some of it with debased currency, just as all political states have done since the Roman Empire, and probably before that. It’s the nature of political states, which masquerade as government by partly fulfilling the purpose of government (protecting life, liberty, & property) through their monopoly of legalized coercion. States vary only in their degree of coercion, not in essence.
We can actually stop it. How about we have billionaires and corporations carry some of the tax burden?