National Debt Reaches New Highs
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- Опубліковано 25 чер 2024
- Welcome to Market Mondays, the hub where the latest economic issues meet insightful discussions. In this riveting clip, hosts Ian Dunlap, Troy Millings, and Rashad Bilal delve into some pressing matters concerning the U.S. economy that impact us all.
*Key Topics Covered:*
1. *U.S. National Debt:*
- The national debt is fast approaching a staggering $35 trillion. Ian Dunlap discusses the alarming pace at which it's growing, jumping from $34 trillion in just under a year. The debt to GDP ratio is now at an unprecedented 122%, a far cry from less than two decades ago.
2. *Citizens' Responsibility:*
- What can citizens do about the national debt? The notion of voting is brought up, but Ian questions its effectiveness given the current political landscape.
3. *Social Security and Medicare:*
- Bloomberg projects that Social Security will run out of money by 2033, and Medicare by 2036. Ian and Troy offer sobering insights into what this could mean for future retirees. Rashad emphasizes the importance of being politically aware, as these programs are directly influenced by Congressional decisions.
4. *Future of Pensions and 401Ks:*
- Ian touches on the decline of traditional pensions and even foresees potential issues with 401Ks in the coming decade. The discussion underscores the necessity for individual financial planning and investing.
5. *Global Economic Shifts:*
- There’s an impending shift in global economic power with China and India predicted to surpass the U.S. in GDP by 2030 and 2040, respectively.
6. *Military and Overseas Spending:*
- Rashad discusses the need for the U.S. to reconsider its military and overseas spending, both of which are major contributions to the national debt.
7. *Importance of Savings and Liquidity:*
- The conversation shifts towards practical financial advice. Rashad advises maintaining at least six months' worth of savings and, ideally, up to a year. This liquidity is crucial for financial stability in unpredictable times.
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This clip of Market Mondays provides a critical overview of the financial challenges facing the U.S. while offering practical advice for individuals to safeguard their financial future. From voting to investing, it’s about taking action and being prepared for whatever lies ahead.
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#MarketMondays #USNationalDebt #SocialSecurity #Medicare #FinancialPlanning #Investing #EconomicTrends #IanDunlap #TroyMillings #RashadBilal
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SSI been ran out. 2008.
They have tp print to create it (ie, increase inflation and debt).
What app do you use for stocks ?
Read the Bill of exchange act and gift, a bill of exchange to the government.
No talk about raising the cap on SS. ?? Easy solution. Corruption is the problem.
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As a beginner, it's essential for you to have a mentor to keep you accountable.
I'm guided by a widely known crypto consultant
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50Trillion by 2030
The national dept will always be at an all time high lol its not going down
Yeah I don’t get the shock, it literally sets new highs everyday 😂
Keep doing the same thing, get the same result. But this time around its substaintial because a perfect storm of bad things are occuring: US credit downgrade, consumer credit debt record high, inflation, fuel costs, international regulations and access to markets, record crime, lack of fresh water and nutrient dense food, consumer costs for energy,political unrest causing civil unrest, the list goes on.Then sprinkle in some media manipulation and indoctrination. We are VERY close to the point where all these issues cant be repaired. The solution? Think back to what was going on just before 9/11. Not hard to see WW3 is around the corner. This will be the "reset"/clearing of the board. The alternative would be some VERY aggressive policy, removal of many currently in office participating in bs that hurts US citizens to line their own pockets. Not sure which direction things go but you can be certain one of the 2 sceanrios are likely to happen within the next 2 years.
Why he not mentioning Israel anymore
I think he talking about Ukraine
Because if you speak ill of 🇮🇱 there are consequences
As intelligent as you are, you still need to proclaim your nationality and study yourselves so that you know that the debt is not your debt. You do not own enough of anything to claim that much debt anyway. That is the law. There is more information on my channel. Peace.
Tax the rich
Get some money? Hope you want more taxes too if you say that.
Eat the rich
Dumb, the rich already pay the most taxes. In fact, they dwarf everyone else.
That has never worked lol theres so many ways to dodge taxes
That's not the answer
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I'm favoured financially, Thank you. $32,000 weekly profit regardless of how bad it gets on the economy.
This must be an investment with Mr Gupta
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