The US Debt Crisis! What Happens Next?
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- Опубліковано 1 жов 2024
- The US National Debt Can't be repaid. Here's what needs to happen for them to fix it.
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The presenter has taken great care in preparing
this video, however makes no representations or warranties with
respect to the accuracy or completeness of its content. The contents
of this video should not be considered a substitute for
professional financial advice. Please consult a financial professional
before implementing any of the strategies described in
this video. The presenter shall not be held liable
for any loss of profit or any other financial damages, including
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From $37K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.
Could you please explain how beginners like me can start making this much 😢
Last week, I tried trading on my own and ended up losing $3K
I have Alex Robert to thank
He is a licensed broker and a FINRA AGENT here in the States.
Yes!!! That's exactly his name (Alex Robert) so many people have recommended highly about him and am I just starting with him from Brisbane Australia 🇦🇺
Decreased standard of living and the swelling ranks of those in poverty....sounds like a problem
For sure it is a problem.
The risk of default is not real given US can keep printing, the risk is inflation and the lack of foreign entities buying the new debt printed. Both are slowly happening today.
Emphasis on slowly
Not so slowly in recent years.
And, when the next manufactured crisis is launched, the response will be to print even more.
Just imagine the inflation when the debt runs up quickly to 50 trillion in response to the next "crisis".
How is inflation caused by anything other than money-printing?
@@SaltpeterTaffy trump raised tariffs on chiense goods, chinese firms didnt lower prices, so americans just paid more, is that not inflationary?
@@NolanMatthias yeah, the speed at which this happens could be 100 yrs, 50 yrs, etc. But that is not really up to us, that's geopolitics.
Dude, you are killing it! Thank you for running a channel that has level-headed common sense content that fights all of the news cycle hype that is constantly amped up on both sides of the aisle. Good stuff!
Thanks! That comment means a lot to me!
Alt title: Canadian explains to Americans how their debt works
Economics is economics. Economics explained is Australian. Money and macro is Belgium I think
He does such a good job too!
@@jchong416😂.
Nope.
IT is All Fraud top to bottom.
ALL about the pirates on land for profit$, UCC code maritime law's.
The rich who collectively donate to politician and therefore dictate what politicians do in house & senate. This is why nothing changes. The rich are happy to concentrate power and let the debt run, create inflation by increasing price on goods and services. In US and Canada. We need money out of politics entirely. Doesn’t matter what your political leanings are. Otherwise your representatives don’t represent you due to this issue. Look into undisclosed lobbying in Canada if you think I’m a keyboard warrior.
Agreed!
show me that federal receipts from tax revenue went down after tax cuts. especially in the Reagan admin. show me where tax receipts went down after Trump cuts. never happened
You are so much detached from reality.
Third option for paying off the national debt. Stealing your savings through inflating the currency.
That's in no one's best interest. Unlikely option.
Somehow I didn't see Nolans videos in a very long time. Since pandemic where Ive been told to get a variable mortgage. And now all of a sudden there are 45000 subscribers. It's crazy! Good om you!
Given the US can print unlimited amounts of USD, a default on the national debt which is denominated in USD is almost impossible unless some unforeseen scenario (e.g. debt ceiling stalemate) prevents the printing of more USD. However, unlimited printing of USD will lead to hyperinflation, which can be catastrophic. In any case, the ones to bear the brunt of whichever outcome will inevitably be the average Joes and Janes in the US.
👍
Thank you for these videos, they are informative and concise. I avoided them when I first saw them in my feed because the thumbnails are terrifying but they are not scary at all. These videos are well thought out and calmly delivered.
The explanations appear reasonable as far as they go, however they rest upon the assumption that the U.S. economy will remain Viable and Competitive. There are Totalitarian Left Wing globalist geo-political forces at work from outside and within the U.S. that have and will continue to degrade and damage the U.S. economy, and it is quite deliberate. Absent a viable U.S. economy, the dollar may indeed become severely devalued., and the resulting adverse debt to GDP ratios could lead to collapse. If you lose a strong vibrant economy, you potentially lose everything! You have to look outside the confines or construct of this presentation to be aware of all of the significant forces in play. At the present time we have really bad Corrupt "management" in control, and they must be replaced with more competent "well intentioned" "leadership"!
Pay Attention !! Time to Upgrade
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So i offer you 50 thumbnail at the price $199. Probably this is one of the best investment i here from my clients !! ❤
So this is the American channel?
American/Global Yes
Once you cited Kruggman I’m out.
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Debt are the dollars in circulations
Very well researched and executed ! I wish all of the so-called mainstream media research their topics as well as you do and provide opinions in such a well balanced fashion. I’m sure the effort to create this and other videos you’ve made is not light. I’m a big fan !
Thank you! Yes a lot goes into it!
Any other content you would like to see in the future? I'm working on some new content.
Man! Finally I'm understanding something about all this! Thanks for keeping it simple.
Thanks for watching and commenting! Anything else you would like to see covered next?
This is such a great video Nolan! What a great way to explain the national debt and de bunk so much of what we see in the media. Thanks for being the voice of education and truth in a world will with so much noise.
Thank you so much for the comment! It means a lot. You hit the nail on the head with what I'm trying to do. I'm working on some new stuff, any other content you would like to see?
What about a slow down in growth, plus population declines across the world? Increases in ss and medicare for the aging population? Disagreeing on increased taxes? What about another war and additional crises, including economic?
The US cannot handle all that to keep happening. The market quantitative easing and stimulus cannot continue to happen.
I'm wondering what a true default will look like and if it makes sense to default sooner than later and rework agreements with the creditors quickly for confidence in a new state and start over so to speak.
Plus higher rates to be paid and potential ubi at higher and higher rates
I like that for a video idea.
The US will use the deficit for the military.
That’s one of the biggest components for sure
Easy fix. The mint prints twice what the debt is. Half gets disteibuted to every Canadian and half pays off the debt. The half to the Canadians is to account for the likely inflation. Next we stop taxes and the governmwnt just mints a modest amount of money and charges tariffs.
It doesn’t really get cancelled.
It gets redistributed, to the people.
It’s why the effective tax rate is more like 110% for most people unless your net worth is above $100k.
110%? Tell me more about that calculation.
@@NolanMatthias I’m speaking in the holistic sense, seeing as none of this operates in a vacuum. Any entities, corporations for example, are on the surface entities separate from govt…. But their choices and how those choices fall on consumers are not actually separate. Meaning consumers only have the choices offered to them, from people subject to govt, subject to the fraud, inflation and laws and taxes and regulations. So to me it’s all distinctions without differences.
So, you start with your income annually and add in your cap gains, that’s your 100% from which you could pay… (unless you want to run up your own personal debts which many people do). Aka the “all income is spent” philosophy.
you then pay out from that all the taxes on income, plus the taxes that’s aren’t labeled as such like unemployment “insurance”, ssa which is really just paid right back out to people less the leaky DC bucket etc, state and local taxes, sales taxes, universal access utilities taxes, fees fees fees fees fees etc etc etc etc etc etc etc etc
Then you have real inflation which is something like 15%.
Of the monies paid to government, they use that to support their continued profligate spending so for every dollar they spend they encumber you with more than $1 of liability in the future in more ways than just the interest costs. Example to follow. Don’t forget the leaky bucket, they have to withdraw their living from that before anything even gets spent to “build” anything.
Then what they spend, it should be criminal. For a commercial real estate development I vetted a set of architects, this is recent. 4 of the 6 firms boasted that they had completed buildings for school districts in my area. Why do we need millions of dollars paid to architects so kids can not learn math while they learn there’s 87 genders, if they even bother attending…. Kids don’t need to learn math inside of modern art. They don’t appreciate it and it’s irrelevant to them they don’t even care. But that sweet sweet tax money went to someone… geee I wonder how the firm got picked. Actually I don’t.
So if you’re not an asset holder so that your cap gains can inflate as fast as the rest of these liabilities and costs, then you slide further and further behind. And millions of people can confirm this, it’s all over yt and TikTok and has been for years.
The only way to “get ahead” is to not play the game, to live vastly below your income and invest as much as you can early & in all ways, skills, assets, knowledge, marry well etc. That was a lot easier and more effective when I was 20 than for a 20yo today.
Another example, I have a frying pan from 1960. It’s actual, real stainless steel. Not 2024 made in China “Stainless Steel” that will last 6 months. So buying a pan which should be an investment of $150… is today, actually a total loss. In fact it’s probably a net negative if you did a chemical analysis of the frying pay you’d probably learn it contains lead, mercury, asbestos, arsenic… it’s killing you so that’s a cost way beyond the $150 benefit of a pan to cook in.
This same sort of thing happens when the govt builds bridges or whatever. It’s not built with quality materials, things don’t last.
And since I’m on about everything I might as well talk about the lie of “if you don’t cut down the woods, you can keep it”… no you can’t. That just leaves housing prices high and more fuel for forest fires. Govt needs to allow logging enough to limit forest fires and allow people like me to build more houses where people want them. The money they spend managing the forests is wasted more and more as more trees burn.
@@NolanMatthias comment got deleted
Your approach to these issues makes me hopeful that you’re voting for RFK Jr 🙌🏻✨✨ thank you for the info ☺️
Oh, I truly wish an independent was a realistic option.
Democrats and Republicans both answer to the same master.
Who’s that? 🤣
@@NolanMatthiasthe big alien immortal reptilian vampires from another dimension lol 😆 😂 🤣😅 sorry could not resist
@@milo-qh7cv 🤣
@milo-qh7cv Joking, but not Joking 😂
XELLENT
Thank you!
De-dollarization, even if it's just countries turning to gold, isn't factored into this analysis. Crucial mistake. Also, as debt increases, confidence in the dollar decreases, hence the Moody's downgrading.
I’ve talked about decolonization in several other videos. It’s a non issue
not an issue yet and wont be for long
lol I find it funny you believe what you are saying, debt is a big deal and we are in big trouble.
I mean, the data shows it's not as bad as it could be. I wouldn't panic.