Personally, I liked Paul Ryan but when he was speaker of the house, he gave President Trump budgets that added $1 trillion deficit. He’s no better than the rest of the politicians and when he had his power, he added to the deficit just like they all do.
The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenback. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag...
They do say gold will crash in a liquidity crunch However, many of those holding precious metals are preparing for such an event. So they are unlikely to be forced sellers. The paper market would tank and hopefully collapse.
Hearing from an experienced investor who has survived adversity and prevailed is always motivating. It may be frightening when your portfolio goes from green to red, but if you have invested in strong firms, you should maintain growing them and stick to your goal.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
It's easy to complain about how nobody on the Hill has the guts to talk about entitlement reform... when you're not on the Hill anymore. This guy was everything he just criticized... when he was there. Don't let him lie to you.
What a ridiculous point of view. As if one man is solely responsible for the debt bubble. Also do you want to give him credit for the stock market going up during the same time period?
@@tjsokkerplayer You might consider that congress IS the entity with the power of the purse. Congress is also about the ONLY entity with oversight over federal agencies, real (agencies,) or imaginary (The Fed). Not only he sat in congress and oversaw the debt go from 5 to over 20 trillion, but he was majority in congress for a good part, and he himself held the highest post, for a good while. His power over the purse was direct and indirect, by way of the laws, regulations, wars, failure of oversight, measures and every single action that he took, or did not take, which in the end, led us astray. He is culpable, to be sure.
Paul Ryan didn't "control" Congress. All of his policy ideas (means testing and downsizing SS, Medicare, Medicaid) are simply unpopular. The simple truth is that the voters want "stuff", but don't want to pay for it. Democracy unconstrained by a gold standard is always doomed to failure.
People being stupid enough to buy our bonds is what has enabled the Congress' spending addiction. You can't wish away this debt, you either repudiate it or you cut the budget.
Many governments , from as far back as the middle age , have gone bust , always because wars are ruinous the settlement quickly became a arm twisting negotiation for the size of the losses for the lenders 20% , 50% , 80% or worst the floor is the value of gold held by the treasury
@@sparkyfromel The Gold Standard Currency of the BRICS appears to now become the new interpreter of Value, among Foreign Trade computations. The SDR that has been around since 1944, appears to work among the G-7 Guys, but 159 Nations who have resources, will be in Russia next month for the BRICS Summit......
That guy you're blaming for Paul Ryan on Bloomberg is much taller and meaner than the real Paul Ryan. I would never buy flowers from a person like that.
35T in government debt is 35T in assets for non-government. To eliminate government debt, need to take 35T from others. Would create a depression. Review the history of balanced budgets by US government and the corresponding recessions/depressions that occurred in US history.
Then review how much essential resources are found inside the USA and those Territories that are claimed? We may notice the Ships arriving at US Ports with Cargo, may want to unload? What does the USA offer?
Finally, an informed comment! Folks need to watch Ryan's questioning of Alan Greenspan when Ryan was pushing for turning Social Security into privatized investment accounts.
Well it's not rocket science, you either increase taxes to support the spending, you cut the spending, or a little bit of both. The dilemma for a politician is that both are costly politically, and since all they care about is staying in power, no one has the willpower to do anything on the issue. If nothing is done, Social Security will run out of funds by 2034.
@11:50 "Bond finance the boomers" means that GenZ does three things at once: Pay the high apartment rents to create Boomer retirement income Pay interest on bonds to finance Boomer health care Put money aside for their own retirement That must be a real go-get-them attitude by these GenZs On the other hand: Have you met them
These politicians are despicable and truly hate young people. We can reduce deficits by cutting every entitlement that solely benefits the boomers and the military and just focusing on helping the younger generations succeed.
Instead of cutting spending on Medicare , how about cutting spending? On government pay raises and giving money to other countries in incorporate hangouts.
Sounds like a very sensible and reasoned perspective from Paul Ryan. Who would have thought stable coins would be another measure to strengthen the US Dollar. But it makes sense.
At the end of WWII (1945)US National Debt was 110% of GDP but declined year in year out until 1981 when Reagan was elected at which time the National Debt had declined to 30% of GDP. As a result of Reagan's policies the debt exploded year in year out until it is now back to 110% of GDP. Of that explosion in debt between 80 and 90% was acquired under Republican Presidents.
The Federal Reserve has only one product: Debt. The system is inherently flawed to eventually fail from the very first FRN issued with interest attached; whether or not this was the original intent is irrelevant. Even Keynes knew this and privately admitted to the eventual collapse of this scheme. Mathematically, debt can never ever be paid off; otherwise the system would implode. Rather, the debt must continue to grow and more importantly, grow at increasing rates for the system to sustain. Yes, temporary tapers can be imposed, but that is followed by a gush of currency creation to satisfy the quantity of FRNs to catch up with the required point on the underlying monetary creation curve that must be satisfied like a rigid secret foundational law of this system based on the underlying mathematics. But this Ponzi has its limit. The wall approaches.
This guy played someone who cared about deficits and fiscal responsibility on TV, but made many of the worst decisions possible during the 2000's to expand the deficit with unfunded tax cuts and many other poor decisions, like blocking many other reforms. In short, he's a clown hoping no one watching has a memory of his actual career.
- *MONEY* *DOES* *NOT* *REQUIRE* a ledger, just to simply exist. - Ledgers are just an optional service that you can use, as a record of ownership, for the money that is stored on your behalf. But a written ledger is never the money itself, because YOUR OWN money, when held personally in your own hands, does not require anyone to keep track of it for you!! - In the best case scenario, the sole purpose of a ledger is to track and trace ownership, but in the worst case scenario, it is to track and trace a population for total control. - If you have a ledger written out on paper, with no underlying physical asset, then it is just a worthless piece of paper. It's a physical claim check on nothing. If it is a digital ledger, then it is just a worthless digital record, that is a claim check on nothing. - Ledgers are clearly NOT MONEY and never will be. Its a scam.
Depends on what you consider money. If you value precious metals and intend to store and transact with it personally, then a ledger is not required. Most people agree that money comes from a bank which comes from a central bank so by that definition ledgers would be required.
@@moneyevery3days7 the definition of money goes back thousands of years. Today people who are uneducated think that currency is the same thing as money, but it is not. Money has several characteristics including being a physical commodity that is divisible, a medium of exchange, a store of value, unit of account, fungible, durable and transportable. Currency, like digital fiat or paper fiat, fails a number of these criteria, especially durability. Bitcoin is a fiat currency that is just a digital ledger that is recorded in electronics that is not durable. One single solar event like the Carrington event would wipe out all record of digital currency. Chemical elements of the universe like gold and silver, which are inert, don't react with water or oxygen and are not radioactive, last for eternity and are extremely durable metal. Being chemical elements, they are compmetely fungible down to the atomic level. They are divisuble, a medium of exchange, unit of account and a store of value for over 6,000 years. Best of all, easily transportable. When silver is too cumbersome, gold can transport 100,000 or more in just your pockets. 10 ounces is less than a pound and worth about $24,000 US fiat dollars atm. Real money does not depend on. Electricity or a ledger simply to exist. It is not an imaginary commodity in a digital record in your mind. Gold and silver are real and are a physical reality. They are sound money that cannot be inflated to oblivion, but have real intrinsic value in their utility due to their elemental properties that make them the most precious of all metals. You can use paper fiat dollars or digital fiat bitcoin, but they are just currencies and not real or sound money like gold and silver. What you like emotionally and by your opinion is just your subjective opinion, but it does not change these facts. A digital fiat ledger system like bitcoin can never be true money by its very nature. The most it can ever be is a fiat system to track and control people. The US government takes bitcoin right out of your wallet whenever they want, just like they did to those ransomware attackers.
Been debt free for two years thanks to Abby Joseph Cohen Services. So sad to see my friends in their 40s with car loans, mortgages and credit card debt.
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Abby Joseph Cohen. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.
I know this lady you just mentioned. Abby Joseph Cohen Services is a portfolio manager and investment advisor. She gained recognition as a former employee at Goldman Sachs; a renowned investor she is. Abby Joseph Cohen has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
What about the 159 Nations who are attending this October's BRICS Summit? They represent that "Supply Chain", that used to resemble Colonies. Is the cost of the contents of the Containers going up since the former Colonies have joined a Trade Union? Ryan avoids directly addressing the Workers who now have an additional $5 trillion of debt since 2008? Where are the Wage Growth ideas that create disposable incomes, to pay those Debts?
Here's what the Ryan tax cuts did for you. The Congressional Budget Office (CBO) estimated in 2018 that the 2017 law would cost $1.9 trillion over ten years. Together with the 2001 and 2003 tax cuts enacted under President Bush (most of which were made permanent in 2012), the law has severely eroded our country’s revenue base. Revenue as a share of GDP has fallen from about 19.5 percent in the years immediately preceding the Bush tax cuts to just 16.3 percent in the years immediately following the Trump tax cuts. Trump administration officials claimed their centerpiece corporate tax rate cut would “very conservatively” lead to a $4,000 boost in household income. Research shows that workers who earned less than $114,000 on average in 2016 saw “no change in earnings” from the corporate tax rate cut, while top executive salaries increased sharply. Research concluded that the tax law’s 20 percent pass-through deduction, which was skewed in favor of wealthy business owners, has largely failed to trickle down to workers in those companies who aren’t owners. Like the Bush tax cuts before it, the 2017 Trump tax cut was a trickle-down failure and hardly any form of stimulus. The only thing it did was redistribute wealth upwards and keep the government from getting the revenue it needs to operate, to their benefit as well as ours, while we pick up the shortfall. There are 2 quick easy fixes to government debt. 1-Stop hiring Repubs to run the government and 2-Stop redistributing wealth into the hands of the 1% who pay tax rates at some of the lowest rates in a century. Starving the government of revenue. George Bush inherits the first balanced budget in a century from Clinton and passes off to Obama the first 1 Trillion $ deficit. 1.02 for fiscal 2008 and 1.63 Trillion for 2009. Obama cuts that in half by fiscal 2013 to 672 Billion despite years of obstruction from Republicans while he is trying to right the economy from the second Great Depression and then halves that to 326 Billion in 2015. Then he hands off to Trump in 2017 a 671 Billion deficit in 2017. Trump inherits a recovering economy. The Fed was already starting to raise rates and end QE trying to get us back to normal. So Trump, the King of Debt as he calls himself, starts off taking deficits back up over a Trillion $ deficit. Doubling it to 1.4 in 2018. Then hands off to Biden a new record budget deficit over 3 Trillion. 3.1 for fiscal 2019 and another 2.8 Trillion for 2020. During Donald Trump’s whole presidency, the U.S. national debt increased by $8.18 trillion, a percentage increase of 40.43%. This is less than Barack Obama (69.98%) and George W. Bush (105.8%). However, Donald Trump was in office for only 4 years compared to 8 years for both Barack Obama and George W. Bush. National debt during Joe Biden’s presidency has increased by $4.7 trillion since he took office, an increase of 16.67% as of September 2023. Just the Facts. There is no equivalency on fiscal matters between parties. One consistently fails to perform and the other does the clean up. Been that way since Herbert Hoover.
We need to reverse the tax cuts on the roch and business from the last 70+ years. Business used to be forced to reinvest in growth to avoid taxation on profits. With those taxes reduced now they focus on stock prices and dividends. And the rich already own over 90% of everything. They clearly dont need any tax cuts and in fact need to make up for not paying their fair share. When they own 90%+ of everything they need to be paying 90%+ of the tax burden.
Yeah, he has some good points but can’t not think about what wasn’t done in the past. He is too young to give up. I’d like to see him on multiple committees to help rein in the spending
Do we need to create a mild debt crisis to prevent a major one? Strange.. scares me i even wrote that... we don't have the mental and intestinal fortitude to do the difficult things that are necessary. I don't even want to mow the grass or work hard at my job. Let alone save the world itself. People are strange.
How about this? Don't tax me for medicare or SS and I will provide my own plans to take care of my family for retirement and medicare so I am not funding someone else's life. Give me back the money I put into it already that I would never see otherwise. Stop the taxes and stop benefits. It is possible. This is the way.
He has all the solutions after the fact now that he’s retired. What did you do while in Congress?!!?!!? Added trillions of dollars to the National Debt while speaker under Trump’s Admin. Who are you fooling?
Ryan has more energy than the two old pensioners, the President candidates, together. How could US end up with them? They never let Biden talk like this, coz he can't...
The debt has grown much larger in the size of the economy the debt to income ratio on the national day is running at 125+ percent anytime debt reaches that ratio alarm bells start to ring
It's hard to listen to him seriously. He is so informed about tax policy and did some good things, and yet he's not going to vote for Trump? There is some kind of disconnect with this former politician.
If the president doesnt have a plan for the debt then congress should have a plan for the debt crisis the president gets the blame but congress is who is at fault.
Europe pays $8/gallon for gas...USA pays $3/gallon. Just put a $5/gallon special sales tax on gas. That will raise revenue, reduce air pollution, reduce lung cancer, reduce the oil waste. Teach a lesson to big boys who commute to their office jobs driving big trucks. This non-sense only happens in USA. Nobody has the freedom to give me lung cancer
The problem with that is it leads to inflation on things like food and goods and driving/transportation fares so the impact hits the most on the lowest earners. People who make the least suffer the most from that kind of tax. You can have a little bit increase like $1 let's say
Ryan had many times to fix the government debt problem and did nothing. Can’t complain now.
Personally, I liked Paul Ryan but when he was speaker of the house, he gave President Trump budgets that added $1 trillion deficit. He’s no better than the rest of the politicians and when he had his power, he added to the deficit just like they all do.
30 years of Wall Street Profits and Public Debts?
or is it 40 years?????
This man orchestrated the mess we are in today .
Right it could have been fixed 2011-2012
Did he? Or was it the Koch's?
Been decades in the making.
@@enhancedutility266 which was the best time to fix it. Covid was the last nail in coffin.
Proxy wars
2 years ago I watched him in an interview say America will never default on its debts.
The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenback. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag...
They do say gold will crash in a liquidity crunch However, many of those holding precious metals are preparing for such an event. So they are unlikely to be forced sellers. The paper market would tank and hopefully collapse.
Hearing from an experienced investor who has survived adversity and prevailed is always motivating. It may be frightening when your portfolio goes from green to red, but if you have invested in strong firms, you should maintain growing them and stick to your goal.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
This sound interesting. I’m not really one to use pro analysts, but I guess it would not hurt to try one. My portfolio is in the red waters right now
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
It's easy to complain about how nobody on the Hill has the guts to talk about entitlement reform... when you're not on the Hill anymore.
This guy was everything he just criticized... when he was there. Don't let him lie to you.
Yeah he's been in office since 1999 and the only legislation he's ever passed is garbage
Yep. Ryan voted Against HIS OWN deficit reduction Commission Simpson/Bowles.
Paul Ryan put together the Simpson/Bowles deficit reduction Commission, and then quickly proceeded to vote AGAINST their deficit reduction plans. 😅😅
It appears to be a common Political Procedure?
While in congress he brought the debt from 5 trillion to 20 trillion. This man is a disgrace
What a ridiculous point of view. As if one man is solely responsible for the debt bubble. Also do you want to give him credit for the stock market going up during the same time period?
@@tjsokkerplayer You might consider that congress IS the entity with the power of the purse. Congress is also about the ONLY entity with oversight over federal agencies, real (agencies,) or imaginary (The Fed). Not only he sat in congress and oversaw the debt go from 5 to over 20 trillion, but he was majority in congress for a good part, and he himself held the highest post, for a good while. His power over the purse was direct and indirect, by way of the laws, regulations, wars, failure of oversight, measures and every single action that he took, or did not take, which in the end, led us astray. He is culpable, to be sure.
System problem. Debt has become a function of time: Debt at year D[y]= 2^((D[y] -1983)/8). System is incapable of making difficult decisions
@@tjsokkerplayer He is the PRESIDENT this means its ALL on him. That is the standard.
Paul Ryan didn't "control" Congress. All of his policy ideas (means testing and downsizing SS, Medicare, Medicaid) are simply unpopular. The simple truth is that the voters want "stuff", but don't want to pay for it. Democracy unconstrained by a gold standard is always doomed to failure.
Has anyone else noticed how Paul Ryan hasn't really said or done anything lately?
People being stupid enough to buy our bonds is what has enabled the Congress' spending addiction. You can't wish away this debt, you either repudiate it or you cut the budget.
Many governments , from as far back as the middle age , have gone bust , always because wars are ruinous
the settlement quickly became a arm twisting negotiation for the size of the losses for the lenders 20% , 50% , 80% or worst
the floor is the value of gold held by the treasury
@@sparkyfromel Our budget problems are coming from mandatory spending, not the defense budget, although it too should be pruned.
@@sparkyfromel The Gold Standard Currency of the BRICS
appears to now become the new interpreter of Value,
among Foreign Trade computations.
The SDR that has been around since 1944,
appears to work among the G-7 Guys,
but 159 Nations who have resources,
will be in Russia next month for the BRICS Summit......
GREAT idea!!! Let's listen to the ARSONIST who helped start the fire now suddenly COMPLAIN about the fire HE STARTED?!!! WTF?!
That guy you're blaming for Paul Ryan on Bloomberg is much taller and meaner than the real Paul Ryan. I would never buy flowers from a person like that.
35T in government debt is 35T in assets for non-government. To eliminate government debt, need to take 35T from others. Would create a depression. Review the history of balanced budgets by US government and the corresponding recessions/depressions that occurred in US history.
Then review how much essential resources are found inside the USA and those Territories that are claimed?
We may notice the Ships arriving at US Ports with Cargo,
may want to unload?
What does the USA offer?
Finally, an informed comment! Folks need to watch Ryan's questioning of Alan Greenspan when Ryan was pushing for turning Social Security into privatized investment accounts.
Issue #1 is out of control debt. How can you decide how to tax when spending is out of control?
Well it's not rocket science, you either increase taxes to support the spending, you cut the spending, or a little bit of both. The dilemma for a politician is that both are costly politically, and since all they care about is staying in power, no one has the willpower to do anything on the issue. If nothing is done, Social Security will run out of funds by 2034.
Thanks for helping with the debt! Helping grow it I mean
@11:50 "Bond finance the boomers" means that GenZ does three things at once:
Pay the high apartment rents to create Boomer retirement income
Pay interest on bonds to finance Boomer health care
Put money aside for their own retirement
That must be a real go-get-them attitude by these GenZs
On the other hand: Have you met them
These politicians are despicable and truly hate young people. We can reduce deficits by cutting every entitlement that solely benefits the boomers and the military and just focusing on helping the younger generations succeed.
Gen Z'ers have a road rage problem. They are all pissed off at the world.
I did like at the end when he said “we can solve these problems if we have serious politics, we don’t have serious politics right now”
Increased taxes means less money in the hands of people, means less inflation 😊
Paul Ryan should be running for President.
Instead of cutting spending on
Medicare , how about cutting spending? On government pay raises and giving money to other countries in incorporate hangouts.
“Economic nihilism”
The current wealth inequality is a current nihilism. We’re living the hell now.
*Paul Ryan looking for more ways for us to cheat! We want fairness, but refuse to give it!*
Sounds like a very sensible and reasoned perspective from Paul Ryan. Who would have thought stable coins would be another measure to strengthen the US Dollar. But it makes sense.
Debt crisis is based on flat earther economics. Update to MMT and focus on actual issues
At the end of WWII (1945)US National Debt was 110% of GDP but declined year in year out until 1981 when Reagan was elected at which time the National Debt had declined to 30% of GDP. As a result of Reagan's policies the debt exploded year in year out until it is now back to 110% of GDP. Of that explosion in debt between 80 and 90% was acquired under Republican Presidents.
The Federal Reserve has only one product: Debt. The system is inherently flawed to eventually fail from the very first FRN issued with interest attached; whether or not this was the original intent is irrelevant. Even Keynes knew this and privately admitted to the eventual collapse of this scheme. Mathematically, debt can never ever be paid off; otherwise the system would implode. Rather, the debt must continue to grow and more importantly, grow at increasing rates for the system to sustain. Yes, temporary tapers can be imposed, but that is followed by a gush of currency creation to satisfy the quantity of FRNs to catch up with the required point on the underlying monetary creation curve that must be satisfied like a rigid secret foundational law of this system based on the underlying mathematics. But this Ponzi has its limit. The wall approaches.
You and Keynes couldn't be more wrong. Particularly when one entity spends $1 trillion every year under the guise of defense.
Fed will force banks to buy, simple
This guy played someone who cared about deficits and fiscal responsibility on TV, but made many of the worst decisions possible during the 2000's to expand the deficit with unfunded tax cuts and many other poor decisions, like blocking many other reforms.
In short, he's a clown hoping no one watching has a memory of his actual career.
- *MONEY* *DOES* *NOT* *REQUIRE* a ledger, just to simply exist. - Ledgers are just an optional service that you can use, as a record of ownership, for the money that is stored on your behalf. But a written ledger is never the money itself, because YOUR OWN money, when held personally in your own hands, does not require anyone to keep track of it for you!!
- In the best case scenario, the sole purpose of a ledger is to track and trace ownership, but in the worst case scenario, it is to track and trace a population for total control.
- If you have a ledger written out on paper, with no underlying physical asset, then it is just a worthless piece of paper. It's a physical claim check on nothing. If it is a digital ledger, then it is just a worthless digital record, that is a claim check on nothing.
- Ledgers are clearly NOT MONEY and never will be. Its a scam.
Depends on what you consider money. If you value precious metals and intend to store and transact with it personally, then a ledger is not required. Most people agree that money comes from a bank which comes from a central bank so by that definition ledgers would be required.
@@moneyevery3days7 the definition of money goes back thousands of years. Today people who are uneducated think that currency is the same thing as money, but it is not. Money has several characteristics including being a physical commodity that is divisible, a medium of exchange, a store of value, unit of account, fungible, durable and transportable. Currency, like digital fiat or paper fiat, fails a number of these criteria, especially durability. Bitcoin is a fiat currency that is just a digital ledger that is recorded in electronics that is not durable. One single solar event like the Carrington event would wipe out all record of digital currency. Chemical elements of the universe like gold and silver, which are inert, don't react with water or oxygen and are not radioactive, last for eternity and are extremely durable metal. Being chemical elements, they are compmetely fungible down to the atomic level. They are divisuble, a medium of exchange, unit of account and a store of value for over 6,000 years. Best of all, easily transportable. When silver is too cumbersome, gold can transport 100,000 or more in just your pockets. 10 ounces is less than a pound and worth about $24,000 US fiat dollars atm. Real money does not depend on. Electricity or a ledger simply to exist. It is not an imaginary commodity in a digital record in your mind. Gold and silver are real and are a physical reality. They are sound money that cannot be inflated to oblivion, but have real intrinsic value in their utility due to their elemental properties that make them the most precious of all metals.
You can use paper fiat dollars or digital fiat bitcoin, but they are just currencies and not real or sound money like gold and silver. What you like emotionally and by your opinion is just your subjective opinion, but it does not change these facts. A digital fiat ledger system like bitcoin can never be true money by its very nature. The most it can ever be is a fiat system to track and control people. The US government takes bitcoin right out of your wallet whenever they want, just like they did to those ransomware attackers.
Ol Lyin' Ryan
Been debt free for two years thanks to Abby Joseph Cohen Services. So sad to see my friends in their 40s with car loans, mortgages and credit card debt.
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Abby Joseph Cohen. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.
I know this lady you just mentioned. Abby Joseph Cohen Services is a portfolio manager and investment advisor. She gained recognition as a former employee at Goldman Sachs; a renowned investor she is. Abby Joseph Cohen has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Ryan always talks about cutting social security and taxes.
Ryan is way smarter than Trump.
All depends on how much you secretly LOVE the Republican party🫤
He lost which makes him a …….
@@ronsilva7394Ah... a 'Loser' 😓?
He basically said we are doomed because our politicians at large suck
What about the 159 Nations who are attending this October's BRICS Summit?
They represent that "Supply Chain", that used to resemble Colonies.
Is the cost of the contents of the Containers going up since the
former Colonies have joined a Trade Union?
Ryan avoids directly addressing the Workers who now have an additional
$5 trillion of debt since 2008?
Where are the Wage Growth ideas that create disposable incomes,
to pay those Debts?
He had me til he mentioned stable coins
How come? Do you know a lot about stable coins?
The double speak by politicians is miraculous.
35T DEBT
1 turd in the toilet
My my my ...
Or 35T in assets held by others including the private sector. In order to reduce it to zero, you would need to remove 35T in assets from others.
@@chessdad182guy is a criminal - stole from poor and gave to the rich
@@chessdad182real estate , it would hurt very few
Ryan lost me with those pants
Those socks! 🫣
No wonder why there is no control or focus on debt
Here's what the Ryan tax cuts did for you. The Congressional Budget Office (CBO) estimated in 2018 that the 2017 law would cost $1.9 trillion over ten years. Together with the 2001 and 2003 tax cuts enacted under President Bush (most of which were made permanent in 2012), the law has severely eroded our country’s revenue base. Revenue as a share of GDP has fallen from about 19.5 percent in the years immediately preceding the Bush tax cuts to just 16.3 percent in the years immediately following the Trump tax cuts. Trump administration officials claimed their centerpiece corporate tax rate cut would “very conservatively” lead to a $4,000 boost in household income. Research shows that workers who earned less than $114,000 on average in 2016 saw “no change in earnings” from the corporate tax rate cut, while top executive salaries increased sharply. Research concluded that the tax law’s 20 percent pass-through deduction, which was skewed in favor of wealthy business owners, has largely failed to trickle down to workers in those companies who aren’t owners. Like the Bush tax cuts before it, the 2017 Trump tax cut was a trickle-down failure and hardly any form of stimulus. The only thing it did was redistribute wealth upwards and keep the government from getting the revenue it needs to operate, to their benefit as well as ours, while we pick up the shortfall.
There are 2 quick easy fixes to government debt. 1-Stop hiring Repubs to run the government and 2-Stop redistributing wealth into the hands of the 1% who pay tax rates at some of the lowest rates in a century. Starving the government of revenue. George Bush inherits the first balanced budget in a century from Clinton and passes off to Obama the first 1 Trillion $ deficit. 1.02 for fiscal 2008 and 1.63 Trillion for 2009. Obama cuts that in half by fiscal 2013 to 672 Billion despite years of obstruction from Republicans while he is trying to right the economy from the second Great Depression and then halves that to 326 Billion in 2015. Then he hands off to Trump in 2017 a 671 Billion deficit in 2017. Trump inherits a recovering economy. The Fed was already starting to raise rates and end QE trying to get us back to normal. So Trump, the King of Debt as he calls himself, starts off taking deficits back up over a Trillion $ deficit. Doubling it to 1.4 in 2018. Then hands off to Biden a new record budget deficit over 3 Trillion. 3.1 for fiscal 2019 and another 2.8 Trillion for 2020. During Donald Trump’s whole presidency, the U.S. national debt increased by $8.18 trillion, a percentage increase of 40.43%. This is less than Barack Obama (69.98%) and George W. Bush (105.8%). However, Donald Trump was in office for only 4 years compared to 8 years for both Barack Obama and George W. Bush. National debt during Joe Biden’s presidency has increased by $4.7 trillion since he took office, an increase of 16.67% as of September 2023. Just the Facts. There is no equivalency on fiscal matters between parties. One consistently fails to perform and the other does the clean up. Been that way since Herbert Hoover.
Do you notice how our friend Paul here never balanced the federal budget, $15 trillion of lesser debt, ago. *_Now_* he whines about it.
I can’t tell who spun 180-degrees faster - Ryan on the Debt Crisis or Barr on Trump being technically fit to lead the country.
We need to reverse the tax cuts on the roch and business from the last 70+ years. Business used to be forced to reinvest in growth to avoid taxation on profits. With those taxes reduced now they focus on stock prices and dividends. And the rich already own over 90% of everything. They clearly dont need any tax cuts and in fact need to make up for not paying their fair share. When they own 90%+ of everything they need to be paying 90%+ of the tax burden.
Yeah, he has some good points but can’t not think about what wasn’t done in the past. He is too young to give up. I’d like to see him on multiple committees to help rein in the spending
Debt crisis? What’s that?
More like a money printing crisis.
I don’t recall him speaking out against CARES.
Do we need to create a mild debt crisis to prevent a major one? Strange.. scares me i even wrote that... we don't have the mental and intestinal fortitude to do the difficult things that are necessary. I don't even want to mow the grass or work hard at my job. Let alone save the world itself. People are strange.
How about this? Don't tax me for medicare or SS and I will provide my own plans to take care of my family for retirement and medicare so I am not funding someone else's life. Give me back the money I put into it already that I would never see otherwise. Stop the taxes and stop benefits. It is possible. This is the way.
He has all the solutions after the fact now that he’s retired. What did you do while in Congress?!!?!!? Added trillions of dollars to the National Debt while speaker under Trump’s Admin. Who are you fooling?
Greasy politicians
Ryan has more energy than the two old pensioners, the President candidates, together. How could US end up with them? They never let Biden talk like this, coz he can't...
Can we hear more on what he means by a debt crisis
The debt has grown much larger in the size of the economy the debt to income ratio on the national day is running at 125+ percent anytime debt reaches that ratio alarm bells start to ring
It's hard to listen to him seriously. He is so informed about tax policy and did some good things, and yet he's not going to vote for Trump? There is some kind of disconnect with this former politician.
If the president doesnt have a plan for the debt then congress should have a plan for the debt crisis the president gets the blame but congress is who is at fault.
Bitcoin fixes this.
Peewee Herman?
Ryan didn't listen when Fed chair corrected his misunderstanding. Still hasn't.
Flip why don't they just make this guy President, at least he's smart
how much did the CCP pay this guy?
😅😅😅
he forgot to mention his party repeated tax cuts led to deficits and higher debt. his solution was always more tax cuts. amazing logic indeed
what about the government cancer of overspending my money, Einstein
There will come a day where the US dollar will be worth less than toilet paper.
People like Mitt Romney and Paul Ryan helped create this debt crisis. They are now sounding the alarm, trying to come off like seers 🙄
Bitcoin duh
You did NOTHING Paul.
Bet he's about to write a book. This is the initializer to bump up his "initial" advance on the book.
Paul… you don’t support Trump as a “Republican” then you can’t complain with the alternative
i support tax cuts but i am worried about debt crisis. i support 3 wars in 3 continents. what else?
Ryan, I am in between too and I am with you.
Last quote: Healthcare entitlements are biggest drivers of our debt.
Only the "deserving" wealthiest, like him, should get health care, right??
Military spending is the largest driver. Let's face it, people are not important to the Republicans 😂 We are nothing more than stats and numbers.
You can talk cute until the bond market gets Liz Trussed.
Baitcoin; It looks like currency but it's tech based government.
rofl, what?!
correction: WE ARE ABSOLUTELY CERTAIN OF A CURRENTLY ONGOING CRISIS OF DEBT
He was part of the problem when he was in congress…now he talks tough…typical politician.
good people in congress, wtf have they done?
Debt ceiling limit ends in January 2024
Hard to take him seriously when he was a contributor to why the debt is so high. He's a hypocrite.
I can’t afford anymore taxes
$Dollar is always going to be king. Betcha, he rather hold $Dollar than any other currencies. Talk is cheap. So many talk the opposite what they do.
Swamp Rat Ryan.
The USD is about to become unstable
Stable coins are stable, because they are pegged to the USD
🙂
💯🎯
I'd say it's likely we'll see a debt crisis.
Ai robots taking over jobs not humans
We need absolutely tariffs on foreign goods. America first, we need to protect ourselves and our workers.
Criminal should be in jail
No.! You don’t saay.!
Europe pays $8/gallon for gas...USA pays $3/gallon. Just put a $5/gallon special sales tax on gas. That will raise revenue, reduce air pollution, reduce lung cancer, reduce the oil waste. Teach a lesson to big boys who commute to their office jobs driving big trucks. This non-sense only happens in USA. Nobody has the freedom to give me lung cancer
😢..
The problem with that is it leads to inflation on things like food and goods and driving/transportation fares so the impact hits the most on the lowest earners. People who make the least suffer the most from that kind of tax. You can have a little bit increase like $1 let's say
I condemn your comment! 😳
I would prefer a tax on stupid comment
I get the feeling what they do doesn't matter and they'd rather be doing something else 😉
Stable coins won’t save the dollar
Both party are stupid.
Interviewer talks like Jamie dimon
He has literally been saying this for over 20 years, why do people treat it as news?
8 trillion or so on the fed balance sheet. The debt has already been monetized.
Use the money you send to Ukraine and fund Social Security…it’s easy
Cant understand word
Why isn't this guy a choice?
im a democrat, and I will vote for this guy for president. Never Trump, but this guy is normal. We need normal
Screw Paul Ryan
Fed and Powell play political games before November election
Shyster.