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.

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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The US debt crisis will become one of the biggest issues of our time, affecting not only those in the US but everyone around the world. In this episode we explore the mechanisms of a default, the causes and solutions.

How the 2008 crisis still affects you: https://www.youtube.com/watch?v=U1dpWiZoiJU

Show notes: https://docs.google.com/document/u/1/d/1B6-shY_jJG62dAXiXVIrcgrA13oU1DSa05ZJVjUx9nU/edit?usp=sharing

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The debt bubble crisis is upon us. Rising delinquencies and skyrocketing household debt could be signs we are heading toward another Great Financial Crisis like in 2008. Let’s talk about it….

Lynette Zang is an economist that has been involved in the markets at some level since 1964, as a student, banker, stockbroker and precious metals and currency analyst. She has been studying currency lifecycles since 1987 and discovered similar social, economic, and financial patterns that occur throughout the stages of a currency’s lifetime. She believes that recognizing these patterns enables people to see what’s coming and make well-informed choices that put their best interest first.

Together, Lynette, her team of experts and special guests share how to best prepare for economic uncertainty. Focus will be in the areas of Lynette’s mantra and how to be equipped in the key areas of Food, Water, Energy, Security, Wealth Preservation, Barterability, Shelter and last, but certainly not least, Community.

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Experts are sounding the alarm: the world is caught in a debt trap. The global mountain of debt has increased to more than 300 trillion US dollars. To cancel it out, the Earth’s population would have to work for nothing for three years. Is this a cause for concern?

Will private individuals, companies and even entire nations at some point collapse under the weight of this debt mountain? The film looks for the stories behind the debts to discover what can be done to address the problem. In Argentina, for example: Over the past 200 years, the country has faced bankruptcy eight times.

In the United States, people are punished for their poverty. Annita Husband was detained for months in a debtors’ prison in the state of Mississippi. Her fate is just one extreme example from a society in which more and more people in debt find themselves in a hopeless situation and lose their freedom.

But debts per se aren’t a bad thing, insists economist Christoph Trebesch. Particularly when the borrowed capital is used for sensible investments, debts make sense. But there are plenty of negative stories. One standout example of the credit-fueled hubris is the project “The World”, artificial islands off the coast of Dubai that, seen from the air, resemble a map of the world. Luxury properties built on the islands were designed as resorts for the super-rich. But the project ground to a halt in the financial crisis of 2008. Since then, the wind and the sea have blurred the outlines of some of the islands.

The film explores the question: what are the consequences of debts – for both debtors and creditors? And what sort of solutions might be on hand to deal with the gigantic volume of debt taken on by nations, companies and private households?

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Some 70 countries are in or at risk of debt distress – a record number that has the World Bank sounding the alarm. Debt defaults by these emerging and developing countries could lead the world into a global financial crisis perhaps even on par with the Great Depression of 1929. The pattern is clear from three previous debt waves: the Latin American debt crisis of the 1980s, Asian financial crisis of the 1990s, and the global financial crisis triggered by the 2007 US subprime crisis.

00:00 Intro & three previous debt waves
01:16 The fourth debt wave
02:07 Countries in debt: Sri Lanka, Pakistan, Egypt, Lebanon, Laos
03:40 Impact on education, healthcare
04:21 How did the debt crisis start?
05:19 China’s Belt & Road Initiative
06:12 Climate change and debt
07:20 On the brink of economic meltdown?

WATCH THE FULL EPISODES of Debt Bomb:
What Pakistan’s Debt Dilemma Reveals About Looming Global Default Crisis https://www.youtube.com/watch?v=9AJa013VufE
Sri Lanka’s Debt Crisis: Who Is Really To Blame?
https://www.youtube.com/watch?v=_i9E49k2pUQ

ALSO WATCH:
China’s Belt And Road: A Debt Trap For Sri Lanka? | CNA Correspondent
https://youtu.be/Kx9rChH-MmA
Another Sri Lanka In The Making? Pakistan On Brink Of Economic Ruin | Insight
https://youtu.be/TiAyaPsuy3Y

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In this video, we delve into the alarming trend of record-breaking U.S. credit card debt. As debt levels reach all-time highs, we question the potential impact on the country’s economic stability. We explore the causes behind this surge, analyze its implications, and discuss potential solutions.

Is this escalating debt a ticking time bomb for a national crisis? Join us as we unpack this critical issue. Don’t forget to subscribe and share your thoughts in the comments below. Together, we can navigate these complex financial times. #debt #creditcard #spending

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