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Facing a government shutdown deadline, the Senate rushed through final passage early Saturday of a bipartisan plan that would temporarily fund federal operations and disaster aid, dropping President-elect Donald Trump’s demands for a debt limit increase into the new year.

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Sky News host Danica De Giorgio claims US Vice President Kamala Harris is “desperate” for more cash after reportedly ending up $US20 million in debt for her failed presidential campaign.

“After raising more than $US1.5 billion during her failed election campaign and ending up with $US20 million in debt, it seems Kamala Harris is desperate for more cash,” Ms De Giorgio said.

“The vice president is still reportedly pumping Democrat donors for money weeks after the election loss.”

The coming Russian debt crisis will rival the Russian financial crisis of 1998. The critical point is that Russia and the Russians must turn to the credit markets if they can not meet their current cash flow needs. If the credit markets reject Russian borrowers because of bad credit ratings (three Cs of credit), Russia and the Russians will be out of cash. To me, this is a debt crisis that will exacerbate the coming Russian Financial crisis. If you can not raise or pay/service current debt, that is a debt crisis. Although in the West there is higher Debt to GDP ratios, that is not as relevant currently as Western nations can raise new debt and meet their financial obligations.
Simply put, a crisis is when you can not pay your bills. This is based on the economic idea of scarcity, infinite wants, and limited resources. We all must make trade, and Russia will have to make a choice. The myth is Russians have limitless resources. They do not. They have a failing one-commodity mechanist business model. The choice is to reform and rejoin the international community of democracies and respect human rights or face a debt and financial crisis of historical proportions.

Because of high inflation and higher costs of living, many women are struggling to make ends meet and drowning in insane credit card debt.

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Americans have racked up record levels of credit card debt, which is up 8 percent from a year ago. Many borrowers have fallen behind in paying their payments. NBC News’ Christine Romans reports.

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#CreditCard #Debt #Economy

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.

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???? 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

China’s total debt has risen tremendously in just a couple of years. Here’s why that matters.

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