“Budget process starts out idealistic and it ends up devolving into a turf war between members over over who can control what, and the whole system falls apart,” says Brian Riedl.

Watch the full episode of The Reason Interview with Nick Gillespie featuring Brian Riedl here: https://youtu.be/gYhBYN7DMBA

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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

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Do you know what debt settlement does? In this video, I explain what debt settlement is, how it works, and the pros and cons to debt settlement. What do you think of these programs? Tell me below!

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Easy Quick Debt Consolidation Explanation: https://youtu.be/qLZyt312uGU
What to do FIRST When You’re in DEBT | #1 Thing You Need to Do NOW: https://youtu.be/8utHR_SSVh0

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If you are having trouble handling all of your debt from a variety of sources, a consolidation loan will help. You’ll be able to consolidate your debt from your 5+ credit cards into one loan at a smaller rate, with a payment schedule of 3-7 years. This will save you a lot of money in interest, and will help get you back on track in paying off your debt for good.

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If you have any further questions about this video’s topic or any financial planning questions in general, I encourage you to?find a certified financial planner?in your area or?book a consultation with us to get your savings plan on track.? You can learn more about our services at https://www.parallelwealth.com/planning or email Info@Parallelwealth.com

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DISCLAIMER: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Adam Bornn is not registered to provide investment advice and as such does not provide recommendations – those looking for investment advice should seek out a registered professional. Adam is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades.

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American Consumer Credit Counseling, Inc is a nonprofit credit counseling agency that helps consumers pay off their debt through a debt management program. To learn more, visit https://www.consumercredit.com or call 866-206-5450.