[Debt] Videos
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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Debt Ceiling Explained ???? Will the United States Default!? Debt Ceiling Explained!!
US Bond Vigilante ???? They’re CONTROLLING The Government!! Know This!!
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?? ???? 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/
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– 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
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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 cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#usdebt #debtcrisis #unitedstates
Need help conquering debt and supercharging your credit score? Credit counseling could be your game-changer! In this video, we unveil the secrets of using credit counseling to take charge of your finances, slash debt, and elevate your credit score. Discover how to find a trusted credit counseling agency, craft a Debt Management Plan (DMP), negotiate lower interest rates, and grasp the impact of DMPs on your credit. Plus, uncover valuable tools and resources that will empower you to remain debt-free for the long haul. Don’t let debt hold you back—watch now to kickstart your journey to financial freedom!
China’s total debt has risen tremendously in just a couple of years. Here’s why that matters.
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Disclaimer: Please note that I am not a financial professional. My videos are my personal experiences and not intended to be used for financial advice.
The Public Interest South Africa organisation is concerned about the worsening municipal debt crisis, which is now affecting Eskom’s financial situation. Recent reports show that many municipalities are failing to meet their debt obligations. Chairperson of Public Interest SA, Tebogo Khaas, spoke to eNCA. #TheSouthAfricanMorning #eNCA #DStv403
Younger Americans face a financial crisis. Their growing debt burden has far outpaced that of older generations, and it’s only getting worse. Generation Z is being hit the hardest, thanks to lower income and the rising cost of everything from food to housing. Bloomberg takes a look at the roots of this problem, and whether anything can be done.
00:00 – 00:54 Introduction to a growing debt problem
00:55 – 03:44 Income and inflation
03:45 – 05:42 Housing costs
05:43 – 07:48 Education and tuition costs
07:49 – 10:37 Doom spending
10:38 – 11:30 What does the future hold for young people?
Read more: How Gen Z Ended Up in So Much Debt ???? https://www.bloomberg.com/news/features/2024-10-31/why-gen-z-is-sinking-deeper-into-debt-explained
Young Americans today face a serious debt crisis. And it’s making the American Dream seem more like an illusion.
Both Gen Zers and younger millennials were hit by a nasty one-two punch — the Covid-19 pandemic and then the worst inflation in decades — at critical points in their financial journeys. Now, those aged 18 to 29 are carrying $1.12 trillion of debt, according to the Federal Reserve Bank of New York. While that only makes up 6.3% of the total $17.8 trillion in US consumer debt, it’s still a huge burden to carry at an early point in their financial development.
Such an enormous debt burden has contributed to financial pessimism among young adults that’s changing how they work and spend money, key shifts that may have implications for not just their future finances, but also the broader US economy.
#Debt #Economy #Business
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Struggling to get a handle on debt?
In this video, I break down the difference between debt consolidation and debt settlement to help you understand which option might work best for your situation.
Learn how each approach affects your payments, credit, and overall financial goals.
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South African Airways (SAA) has successfully emerged as a debt-free entity, marking a significant turnaround for the national carrier. However, during a recent session with Parliament’s Standing Committee on Public Accounts (Scopa), it was highlighted that SAA now requires a capital injection to regain its former stature within the aviation industry. This funding is essential for progressing plans that have been stalled due to the anticipated R3 billion investment from the Takatso Consortium. As discussions continue regarding potential partnerships and loan options, SAA’s leadership underscores the urgency of securing an equity partner to enhance competitiveness and drive growth in both regional and international markets.
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