What If The US Paid Off Its Debt?
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- Опубліковано 5 чер 2024
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What would happen to the US if it paid off its debt?
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Is debt logic hard to understand? There's a lot of good comments on what debt is. Do you think you are good at balancing your finances?
No
lmao 2 likes feels bad man
Debt isn’t hard to understand..but you explained it clearly from your point of view instead of how it truly is: left out information, misleading information, half truths. You basically created a video of your own believes with some facts to make it seem true instead of the actual truth. Honestly your channel is losing more and more credibility the more you upload
@@rismarck I would love to see your side of the coin. Thank you for the feedback.
@@TheInfographicsShow you forgot to add who owns most debt of US,and what is role of imf debt in other country economies
Mr beast 2019: buying a homeless man a house
Mr beast 2050: paying off US debt
I would have written "I edited this comment so no one would know why so many people were wooshing me" without quotes, but that would be hypocritical.
Jeffrey Jinyuan Feng r/wooooooosh
Jeffrey Jinyuan Feng
r/woooosh
Gold/silver only way to get rid of debt. And limit spending/cut excessive gov spending.
😂
So the United States is a giant college student? *Dang....*
@Provocateur *do you mean OIL*
@@spillz233 yos
i think you mean a giant _american_ college student
Huon Smith giant is an accurate description of Americans
Wyvern Apalis now that you mention it, yeah. But I was actually referring to how college debt works in America compared to other places. Students in other places don't feel crushing debt like Americans because the they pay it off differently.
"It doesn't matter how rich you are, if you're in debt you're poorer than someone who has no money and no debt"
-some random kid in my freshman year
He’s wrong but ok
Yeah cuz let’s be real the US won’t play off it’s debt but ok
Debt creates wealth, you will make no money in your life with out rist
Well... that's just wrong...
@@reecejennings4044 owing money creates money, gotcha..
I thought if we paid off our debt, inflation would revert back to the early 1900's where a hamburger would cost 5 cents. Minimum wage back to 25 cents an hour and the value of money would skyrocket back to what it was 150 years ago
Not happening because everyone rich enough has a stake in the dollar becoming worthless by the day due to all the assets they own. While the average joe will struggle to earn more money just to afford something he could 20 years ago
No that won't happen wigowoo1. That's due to compounding inflation. If you need me to, explain in flatiron just ask. Another reason why we won't pay off debt, is debt gives the dollar value. For a micro economic example, if you get a loan for a house, that loan is repaid in US dollar. Macro economic example, the government takes out a loan from China to build a highway. As of today's standards, China expects to be paid back in USD. USD is the world trade currency because it is stable and comparatively strong. Strength is derived from demand, so us based debt is a big demand, along with other countries needing it for trade, debt, etc.
@@Notevenmad955 due to wage stagnation but affordable comparatively is better, due to cheaper manufacturing. Evolution of technology also drives prices up. Lookup a 1950s Washing matching and compare it to a cheap modern one. Way more technology. More that likely accounting for past wage and inflation back to 1950 it cheaper now too. Perfect example, my dad traded a ford ranger for a computer in the early 90s, now I can buy one for next to nothing.
@@sturutherford697
Isn’t the euro stronger than the dollar?
@@warbossbonesmasha3751 it is. There are stronger currencies but none more stable than usd or the pound.
Not even Thanos can make the debt disappear.
hey, but don't doubt jesus
He would pay half of it.
Only half of it.
Lol
He would not be able to remove usa*
Is it just me or does the audio seem a little weird? (Edit) not the Narrator but the audio itself
it's not you I thought my earphones were broke but no, it's the video
No I hear it
thought I was the only one
me too
Its cause youre watching 1080p 60fps and youtube on mobilephones and bad computers cant take that much. Set it doen to 720p 60fps and you get clean audio.
Genie: You can have three wishes
Me: I want a girlfriend, a better education system, and the US Debt to be paid off
Genie: OK, now I have six rules
lol
Underrated comment.
Its actually 5 because the original rules
no wishing for love
No wishing for the dead to come back
And no wishing for money
@@youraveragerobloxkid no wishing for money isn’t a rule in geneies
@@irenaveksler1935 oh right, it was no wishing for more wishes
Japan actually has a much larger debt than the US in comparison to GDP.
Japan has a debt-to-GDP ratio of 256%. That means that Japan's national debt is more than two and a half times its total annual economic output.
@@Nonamelol. cool
@@Paonporteur ofc not
japan best countyr😀😀😀very develop imo
The problem is that if something happens where the Yen's value is doubted, it will immediately collapse.
"Running a budget deficit the government has 2 options:
1) Printing more money.
2) Borrowing money."
How about 3) ...Spend less money?
Shhhh UA-cam is a socialist platform. You're not supposed to know that!
@@jackhartzell6074 i think you pooped your pants
Jack Hartzell socialist? UA-cam is in favor of public ownership of the means of production? Last I thought it was owned by Google a multi national nearly trillion dollar company that had benefitted beautifully thanks to Capitalism. You don’t know what you are talking about.
Modern monetary theory could be the answer that republicans, democrats, tax payers & corporations love. Answer to debt, social safety nets, low taxes/ unemployment & high gdp
@@sebastiangarcia-yb5ro billionaires such as Jeff Bezos, Mark Zuckerberg, George Soros etc. have benefited immensely from capatalism yet they back Marxist candidates in elections across the globe. Large corporations can be hypocritical too you know...
USA has to pay its debt
IRS: let us introduce ourselves
@Big Blue lol I can imagine you wearing a Tin Foil hat as you typed that.
Lets tax the poor, and ignore the rich! Lets go!!!
@@3manu3l_xd The poor pay almost nothing in taxes. Working poor people usually get back more than they paid in, especially if they have kids.
This had me rolling 🤣😂
@@Stevie8654 it's the government's payment for producing Cannon fodder for the military
I’m a strong patriot in America, but I do not have faith in paying off that debt in my lifetime.
Nah it will pay it off, just have faith
@@macias7125 nah
@@alonymelony8047 yuh
It will take a strong WW3 victory to “pay” the debt.
I've used your software since you had the old DOS 1.0 version with NAIC. I use it to record every transaction in my portfolios, Then I monitor my overall asset allocation closely. The addition of asset allocation reports was one of your best upgrades to the program.
I like your funny words magic man
@@pekee9304 it was probably a mistaken comment since he's talking about an old unrelated program and an addition to it he liked
@@pekee9304 😂
6:53 for the answer. You're welcome.
ATM GAMING thank you
GBU😂
Thanks man
You’re**
@@kroert2259 I know the difference. It was a mistake. This isn't English class.
That's still cheaper than a student loan
Edit: thank y'all for the likes, this is the most likes I've ever got
I'm bilingual and you shouldn't be toxic about someone's grammar, my mother tongue isn't English
Lol
Oh shiiiiiiit
I paid mine off already lol
I can tell by your grammar it was not well spent.
Economics is tough, That's why who does it best gets the Nobel Price.
Quick Quiz: Who got NP this year for economics.
"The well organized war on terror" 😂😂😂😂😂😂😂
Man... if this was remade in 2021, it would be very different.
Lets be honest they're not gna pay it off😂😂
Yeah. Who is going to punish us? The aliens?
@@colebaldwin9084 the catgirls that were in area 51 would have, but nobody showed up for the raid so yeah that debt is just gonna sit there
@amine dz How?
Personal Debt and National Debt are different.
@amine dz Personal debt is unambiguous. I you have net debt then you as an entity are in debt because you owe money to some other entity(s). National debt is your government borrowing money on behalf of you and your compatriots to spend on behalf of you and your compatriots (for current consumption and/or investment). If the national debt is borrowed domestically from you and/or your compatriots, then your nation as an entity does not have net debt because it has borrowed from itself. However, whatever part of the nations borrowings might be represented by money borrowed from foreigners is in fact real net debt because your nation as an entity owes this money to other entities on behalf of you and your compatriots.
@@colebaldwin9084 that's what your country is made on people like you thieves
Just the word “debt” gives me anxiety
What about "broke"
the word "debt" triggers me, where is the trigger warning?
debt
debt debt debt debt debt debt debt debt debt debt debt debt debt debt debt debt debt debt debt debt debt debt debt debt
Are you still alive?
It don't do nothing
Watching this beginning of October 2021, even my recommended feed is trying to prepare me
I have a question for Infographics show
Why is there two Hawaiis in the thumbnail?
Let's just take the debt... and push it over there!
Every Americans president
Sponge Bob reference
Aaaaand it’s gone
Let's give it to Mexico and they pay for it lawl xd
@Junkrat fair point. btw what was the name of the older sister from Phineas and Ferb? i need to know for my next comment.
Dont waste your time guys 6:52
Thx
Thx
Lol thx
Yo, ily
You legend.
Whatever type of investment you decide get into, I think the key message here, or for me rather is to start investing no matter how small. Don't rush into anything you're not absolutely sure of. Then of course you can always build from there.
What is small? What's small for you might be pretty large for someone else.
Evaluate your risk tolerance prior to investing, be aware of investments based on your goals and risk tolerance
Diversify your portfolio, don't put all your eggs in one basket. It's way too risky.
Well spreading your egg in different baskets you know little or nothing about could also be risky knowledge is power
You don't need an MBA in finance to make basic investing decisions
One thing that nearly all news media seems to avoid when talking about printing money is that it decreases the currency which in return decreases the the foreign investor’s value of their investment, and then uses the printed money to repay the foreign investor. This is indirect robbing
The government should get Skillshare
Kevin 😂
🤣🤣🤣🤣🤣
🤣🤣🤣
If they sign up within the first 1000 people they could get their first 2 months free!
🤣😂🤣😂
And yet I'm a bad guy for not making enough money to pay my student loans...my government is setting a terrible example.
I still dort know why you guys have to pay for that. I was born in russia and live in germany, and education is completly free in both countries. Taxes also aren‘t that high.
@@vatu It's because the US is flawed and doesn't want to pay for education or healthcare, only military expenses.
Because people have a fear of "free loaders".
TheAllPowerfulChicken Sorry, my english isn‘t the best. What is a „free loader“?
@@vatu sorry. Your communism isn't welcome here.
I love your channel keep up the great stuff
It’s almost like giving tax breaks and handouts to rich people won’t be great for budget control
Mr. Beast: today I am going to pay The United States of America debt.
People:👁👄👁
N👁🗨rmie
who?
Um
Phunni
mr beast is already doing that though
U really think Mr Beast have trilions?
It won’t be paid off until it doesn’t even exist anymore
kremit the frog i feel attacked
My brutha
Feminists be like
T H I S I S RAPE
What if it gets *nuked?* 🤔🤔🤔
AgentKE
We will not get nuked by other countries, we will most likely nuke ourselves
I just feel like having politicians who are in debt themselves, as in they are not good at managing their own, should not be handling our money.
Wait what was that thing that president eisenhower was warning everyone about.... Something like right right.... Military Industrial Complex😉
"Those that fail to learn from history, are doomed to repeat it."
- Winston Churchill
dang this summarizes the whole video
Edgy
winston churchill commited genocide
yo yo yo yo yo theres jokes l
Trump and far-right politics in a nutshell
Is the audio stuttering or is it me?
Nope, heard it aswell
Me too
Same
i didnt
No
“VladimirCorp!!, you are a freaken wizard dude. I’m shocked at the new scores…. I’ll never doubt you again in my life and you have my apology! You are my #1 recommendation. I’m advertising now for you! You are the only man I know to have actually deliver real results. Oh My God, it just dawned on me, you are about to be rich!!! LOL Seriously, you are….remember I said it first!”
The problem is that the debt allowance for the US can be easily increased with passing of a simple bill, which takes only a few days. Whenever they need more money to spend and are overdraft on their allowance, they simply raise the bar and borrow more.
Also, they are printing more and more which is making their money less valuable.
then why is the US dollar now stronger then the euro and the pound?
Printing more money doesnt make more money, it just makes it worth less.
birdyboy 0000 no shit. That’s like the first thing you learn when taking a basic high school economics class
@@mmskillet1 Ok, well im in 7th grade. And believe it or not I know adults who dont understand why the government wont just print more money.
birdyboy 0000 you know mentally challenged adults? Yea me too
Well ya thats what we call an inflation as stated in the video
Banks already print more money. Look into fractional reserve.
you guys need to reupload this video, the audio is really bad
yeaa thought it was my headphones
Yeah it really bad
Not for me!
It cuts off sometimes
Demon of insanity me too
"I've been able to build a history of stock purchases made over forty years ago and establish a cost basis, which when I made those buys, I had no thought of cost basis and what it would mean to me later. It also enables me to handle splits and especially mergers with little difficulty. Without this program, I would be lost on some mergers.
“So what are you going to do now that your debt is payed off?”
“Probably get into more debt”
"Every country in the world has a lot of debt, so this makes me wonder, why don't we all just forgive each others debt since we all owe each other money? Then someone told me that countries do not owe it to each other, they owe it to banks. And I understand this even less, because a country has an army, and a bank has four tellers and a cleaning lady. " -Ismo Leikola
You don't want to fight consuela, she's fierce.
Roosevelt in 1933-1934 moved us away from gold as money we kept silver up until 64 and I want to say it was 71 Nixon got rid of the last ties and handed over control to the banks who just this month printed 80 billion dollars in one night meaning that 80 billion has to be paid back with interest but the dollars to pay the interest don't exist so more has to be borrowed then the interest payment on the dollars is payable until interest which no dollars for basically we need to get rid of central banks and forgive it all globally and start over with real money not Fiat currency
Edit: spelling mistakes I noticed
@@thisguy7255 that was a quote from a Finnish comedian, my guy.
Countries like Norway aren't in debt
@@xenomorphgourmet1005 if they spend money, they have debt. The difference is that countries like Norway can pay off their debt because they make more than they spend.
Granted, there are two different definitions of debt. By the one you seem to be going off, Norway has no debt.
George Washington said in his farewell address that we should maintain a federal balanced budget, avoid excess spending, and pay off debt as quickly as possible. I think George Washington is correct and would be appalled by our nation’s spending habits.
I mean George Washington isn't smart for saying that. Having a balanced budget is(or at least should be) common sense
A fine example of let's go Brandon
@@skeemanswarmachine2617 who borrowed 4t in 2020? who saw the rise from 19.5 to 26.9t. who borrowed some 9t during his presidency? and why the f are you not saying biden... the guy, brandon even said to stop using it to hate on other americans, but to instead go back to normalcy and work together....
@@alexanderlipowsky6055 a fine example of cope
@@alexanderlipowsky6055 what now
War
US: I think I'll take 3
Education, health, welfare
US: Can the treasury bear such expenses?
USA has to pay its debt
Mr Beast: hold my cup-
This man's audio is killing my ears
It sounds like he’s punching his mic every 30 seconds
So glad I’m not the only one.
frr
100th like
I felt like it was just me
USA GDP : *19 trillions*
DEBT : *22 TRILLIONS*
HE : *ALL GONNA BE SAME OKAY*
update 2020 : now it’s worse oof
Total US wealth both private and public: $98 trillion.
About 1/3 of the total global wealth. The second largest by wealth is China at around $50 trillion.
jmarks881 lots of countries do. Canada does. But not every country borrows the same way we do. And that debt is always broken up into multiple debtors both domestic and foreign. Lots of people think the US only has foreign debt. Around half of our debt is owed to organizations and people right here in the country. The other half is foreign lenders of which China only accounts for about $2 trillion.
Interestingly enough, some countries have debt many times their GDP. Luxembourg has a debt of about $8 trillion which is over 6,000 times their GDP. I’m still trying to find out why that is and who exactly they owe money to. Can’t find any further data on that yet
@@coryascott bruh what? Luxemburg national debt is only 20% of their GDP.
Edit. Just looked it up. You were right in a way
Fox T. Exactly. National debt is really complicated. Nothing like personal debt at all.
@@coryascott read the edit and then smile ;]
The good old times when the US debt was only $21 trillion (at the time of this video). Now we owe $30 trillion.
It would have huge ramifications. US bonds are one of the few securities that qualify to meet reserve requirements for financial institutions. The worlds lending markets would go upside down.
Debt in itself isn’t bad, it’s the amount of debt relative to gdp or revenue.
The real question is: why are there two Hawaii's in the thumbnail?
Alexander Georgiev, there is a lot of things wrong with this video.
Nah America is just perspiring from all its debt
Lol
We're going to sell them!!!
Alexander Georgiev You’re not an NHL player
The choppy audio is just awful, its giving me a headache. It needs a redo.
Zackhario lol I was originally thinking it was my headphones.
It did my head in.
Boi check your fucking compressor
It's like he's slamming his fist on to a desk
lol I thought it was my headphones too
so if two countries have debt to each other, why dont they just cancel it out
To be honest, I don’t know how you manage to do such a good job 👏 every single time. Very well done VladimirCorp
Do a video on what would happen if everyone took their money out of the banks.
the great depression #2
If everyone took their money out, a lot of ppl wouldn’t even have their money back because the bank loans out the ppl’s money. But actually that wouldn’t happen because the FDIC will pay everyone who lost their money up to 100,000 dollars
@Mike Bartley ikr
This is partly the cause of the great depression. Two things can happen.
1.Everyone rushes to pull their money out of commercial banks, and the Federal Reserve increases the money supply so that these banks have the money to hand out.
Or, in the case of the great depression
2. The fed reserve won't increase supply and therefore the banks lose their liquid assets (money) and go bankrupt.
Then almost everybody will lose their money, the country will go bankrupt and you get another financial crisis in the entire world.
So, just don't.
"225 years at war, 21 years at.peace"
*ayyyy..*
Europe hold my beer
@@garrysmith1029 country wise
I feel like this won't age well
@@garrysmith1029 europe is not a country
@@notjohndoe7130 at least he didn’t say Africa
Someone: you shouldn’t spend money when you don’t have any
U.S.: huh?
Always disgusted when they call taxes "revenue" as if they earned or produced anything
Why invest or loan US money? If u see they have a debt problem, why increase it?
What if they paid with barrels of *O I L* ?
NO
@@russetbotato3209 yesn't
*OR* we could ''liberate" all the countries
@@savageassassin4741 yes, murica must " *liberate* " all countries on earth
@@savageassassin4741 U NEED FREEDOM, MY FELLOW AMERICAN
But I am not Americ-
I DON'T CARE
What’s up with the audio? Sounds like he’s hitting the mic.
i am having the same problem, he just needs a pop filter and the audio will be better..
i think
it only happens when he says "p", its not a audio issue, its just hoe thr microphone he has is made that eay
Me to
Pop filter and EQ. Maybe some softer compression
thought it was only me lol
Thank You For Sharing 🇺🇲
Debt then: $21-Trillion.
Debt now (3.9.23): $31.6-Trillion.
We never learn.
Just replace the education system with Skillshare to save money
Swear to God, UA-cam and skillshare along with a bunch of awesome information his. There's legitamatly nothing I could learn at school that I cannot learn here with less work, more free time, and more easily.
Education is what like 3% of our budget? And we spend more on our military than the next 7 countries combined ?
Or just switch to GEICO where 15 minutes can save you 15% or more on car insurance.
millions of teachers/staff would loose theirs jobs
@C I completely agree, I shouldn't have to earn 30 credits "about a third of my degree program" learning absolute useless shit.
Politicians love spending people's money without responsibility and they'll spend more than what the government takes in taxes that's why we have a huge debt
Tell that to the Socialist/Communist! No, seriously, it's not that simple. You can't and shouldn't limit a country's budget to just money collected from taxes... Especially whenyou shouldn't bleed taxpayers to begin with.
What do we cut? Welfare takes up 75% of the budget
Military takes up 15%
The rest is random projects and foreign aid
Military could get cut in half but we’d have to take all our foreign bases out of commission and lay off half the military members to do that and hope our allies pick up the slack
We could cut welfare but then we’d starve tens of millions
Kind of stuck
So, in the end, we're not in debt. THEY are.
@@Octovisuals All politics are bad and we should just abolish it
@@F0UR3V3R I wish, at this point... Better without a State than with these States we have in countries like Spain, Argentina, Venezuela, Nicaragua, Cuba, North Korea... and more.
We'll keep fighting... ;p
Best regards.
I like how they put a picture of Trump when talking about massive spending by a president but in comes Biden like 😈
Biden🤮
They pictured Mr.Trump, because the video is two years old ! At the time Mr Trump was out POTUS ! That unfortunately isn't tha case anymore
trump7.9 trillion
@@jellyfesh7517 biden 6 trillion, do remember this is barely over half a year
Every president wants to outstupid the last
i remember a certain game where if you went too far into debt you were removed from office and lost the game
Am I the only one with slight audio issues?
Yeah I hear it to thought I was going crazy
Yep
Thought my headphones were breaking.
"!"
I hot so scared I have 100 dollar akg tuned Samsung earbuds😭
In today's episode of "Things that will never happen"...
Will the united states ever be able to pay their debt?!
Spoiler alert:
No.
Not much of a surprise
perhaps..
Don’t know about that trump is putting in the work
500th like XD
Possessing machines to create money from thin air at the cost of the rest of the world is really great.
Thanks
Wait... Since 1776 we've spent 225 years in war and 21 in peace... thats 246 years total. Correct me if I'm wrong but 246 years after 1776 is 2022. Holy shit.... They're time travelers!
Joe Brooks yep, that they either need to better organize their information or they got some their information wrong.
We’ve only declared war 5 times. So I don’t think we’ve spent 225 years in war
@@wizardsyndicate5505 You don't need to declare war to be involved in one, I.e. Vietnam. Actions speak louder than words.
Civil War, WW2, Vietnam War, War of 1812, Revolutionary war, multiple current wars and tons of wars I've forgotten. It doesn't matter how much we've DECLARED war, it matters how long they were and many other things. Just because war didn't happen IN America doesn't mean America wasn't involved.
Wars can overlap or have multiple going on at the same time, from 1775-1800 that's 25 years, The United States were at war the equivalent of 45 years of it, if you exclude the American Indian wars that's still 26 years.
Love how he says the debt spiked in 2008 but shows a pic of Trump, lol
😂
spiked in 2001 with bush trump increased debt most in a term
@Stompy trump could have done something to bring the economy again, Biden is bring the economy up again but we're still in a pandemic. Try to explain that
@@combatgaming3266 Trump dealt with the worst part of the Pandemic, when Biden came into office things were opening up slowly and the vaccines were basically done
@Stompy Trump won the election. we all know it and we all see no biden voters in sight
Man the audio un this videos is jacked up 🤣
The funny thing is this. Money is worth what we say it is. All we need to do is to have someone in office to literally change the value of the dollar to match with the US Debt. And boom. Paid off debt with a single dollar.
If the US pays of its dept, it will make plans to go back into dept. Lol
Debt *
@@rypdx You did my job for me
Nah we'd organically end up in debt because we've gotten so used to what we expect in healthcare, defense, social security, and welfare.
@@jadonlimoges1830 the healthy care part is just funny lol
“Well organized war on terror campaign” stop 😂😂😂😂😂 im crying
Simple, stop the senseless wars overseas and use political leverage to force China into a cease fire!!!!
@@hackman669 China will never sign a cease fire. Relax
@@skinisdelicious3365 yea china hates the fact that the us exsist because it counters their communist ideas
@@bdgctruz5786 they hate we exist because we have a hyper competitive military where in by compromising our economy it becomes harder and harder to fund and feed our troops.
So long as the western world trusts our banks and our military to defend our banks as well as their assets, the chinese will always be economically competitive with us.
Person after going bankrupt once: Cannot get a credit card
The United States: *I’m going to do what is called a pro super spending move*
6:01 the Donald 😂
Skill share took 299 from me and refused to cancel my free trial. Just don't use it people, I care about you and your hard earned money, it actually represents our work and time.
6:55 is the actual video's start.
By Odin's Beard! THANK YOU. This guy's videos are full of so much fluff, they could be a pillows
Thank you
mackobun Yeah, their entire videos are about how x happens, and ten seconds of the actual question in the title. The rest is the outro.
Wow
Doing the Lord's work.
Wait wait wait. The spending problem isn’t due to education, healthcare, and average needs. It’s fricken war.
well the us won’t let any mf country invade it. But yes they spend way too much
No, it is a combination of both
GQP: “Debt is bad!”
Also GQP:
If you think that rich people's money will even make a dent in the debt, you are completely wrong. The problem here isn't raising money but spending. The US should cut back on government programs.
@@Maxime_K-G Like public schools? Health care? No one is willing to give up that since it is very essential. However, taxing the rich is a better option. 50% of the world's money is held by the 8 richest people on the globe. Also, 60 rich corporations haven't paid any income tax at all. That means you paid more taxes than the entirety of Amazon. We could have so much more money if we taxed the rich. We could pay all the debt in one year. We could invest in climate change, healthcare, and much more.
It is just that rich corporations have so much power within our government, and we cannot stop that without everyone agreeing to tax the rich.
@@kurse9113 Even if you tax the richest at 100%, you won't really do much to the debt lol
@@kevinhdo90 When 50% of ALL the money of the world is owned by the rich?
“Banks lend by creating credit. They create the means of payment out of nothing. ”
Ralph M Hawtry, former Secretary to the Treasury.
Correct, and thus the debt shall never be paid.
Gold is real money. Everything else is credit - JPMorgan (1913)
"U.S. constitution: all debt be paid off of gold/silver."
I’m kinda scared now... with covid, the debt has drastically increased, and with the economy reeling, it could lead to a economic collapse that’s worse than the Great Depression
Not really pal country debt is different than a personal or company debt.
They ain't gonna pay it back so why does it matter? Also if the US fails then every other country fails, but out of failure greater things arrive.
@@JacobLozano-mr8ll so you’re saying if I declare myself as a country then my debt would be completely different
@@JacobLozano-mr8ll I mean it is 2021 and there are 60 something genders now so why couldn’t I declare myself as my own country. “This is a joke btw, no need to go karen”
Want a sprite cranberry?
Japan and Greece : Finally a worthy opponent. Our battle will be legendary.
This was 8 minutes to answer the question with a clear, "Nothing"
Solution: Stop bailing out banks and let them go bankrupt. That is what Iceland did.
Recession 2.0
And Iceland also doesn't have 350+million people
@@oscarb9367 Recession is caused by greed. Let a business die, and continue. i suggest forms of physical payments and electronic. Not banking. Kinda like the old days, without government intervention. Iceland did suffer, but instead of whining, they fought it. 11 years later and they are in stable condition.
@@oscarb9367 True, but just because there is more people does not mean it is impossible. If there is a will, there is a way. 350 million may sound like a lot, but in fact, Americans in greater numbers, does not live hand-in-hand.
Bad idea
I have a question, why are there 2 Hawaii’s in the thumbnail?
That is a very solid question and I wish I had eyes like you
The more Hawaii's the better
Plasma Core were going to pay off the debt by selling real estate on the second Hawaii
Fir 2 pearl harbours
Yes
I’d argue we need to pay down the debt. If we could make a bigger deal about starting debt vs ending debt perhaps we could create a culture that gets politicians to run a budget
ah, so perfect. you have just explained the whole reason why the "debt" myth exists . It's simply a political term that is used to win elections. You don't pay down "debt" you owe yourself in a currency of which YOU are the issuer. That would be absurd, don't you agree?
Did you call the war on terror “well organized”? Lol
You mic is having "spasms"
thought it was just me but yeah its real annoying
Very annoying popping
I thought it was my speakers
i thought my headphones were being dumb
Lmao funniest shit 😂
Then we would manifest our destiny again
By taking another continent and killing all the natives, again.
pastadino 5000 thats the joke
pastadino 5000 yes?
@@kn1ght-788 majority of the natives were already dead even before these people existed
No Manifest my homeland you Yanks lest you want your white house to be burned again. OH CANADA!!
The US must be terrible at Monopoly.
How to pay off collage debt.
1. Armed force job
2. Join the military
3. Amazon job??
4. Job in the military using the GI Bill
5. Join the army.
Infographics:US has 21 trillion dollar in debt
Also infographics:as long as debt is kept at a manageable amount
In other words, as long as the government can pay for the interest on the debt, which it can.
in few years its gonna be 50 trillion trust me. and then we have a problem
Debemos mantener a la nación estadounidense gastando en bienes y servicios no escenciales para exprimir hasta la úlima gota de dinero de su economía y así forzarlos a que los estados unidos olviden las deudas que el mundo entero les debe a cambio de que todo el mundo olvide las deudas que los estados unidos les deben a cada nación del mundo.
Así todos se quedan sin deudas económicas pendientes y por ende, felices por el momento....
La verdad mi inglés no me da para más como para que me desenvuelva con las palabras y con lo que quiero decir....
Sinceramente.....
If an average family with $60,000 annual income can manage a $160,000 mortgage, why can the us manage its $21 trillion debt with a $19 trillion GDP?
Several problems with this video:
1. The speaker uses the word "deficit" in circumstances where he means "debt". The deficit is the year to year budget shortfall. You don't pay back a deficit, you pay back the debt that is accrued from a deficit. You can reduce or eliminate a deficit by balancing a budget.
2. There is no mention of the the primary cause of the U.S. debt and those are unfunded liabilities and mandatory spending. Go ahead and do the math on the problems he identified by adding them: now subtract that from 21 trillion.
3. The reason the U.S. was "debt free' in the 1800s was that Andrew Jackson confiscated assets from the Natives and sold them, despite this being a violation of numerous established treaties.
Yeah I'm less than a minute into this video, and had to pause to see if anyone else noticed him using "debt" and "deficit" interchangeably.
And the audio is horrible
Jackson was a clever fella
It's okay, this guy can barely read as it is, as you've likely seen in previous videos.
Yeah only now it's
Native Americans: **exist**
America: It's free real estate
(Stopping at a gas station) "did I eat today?"- kat williams
Debt isn't raised by war, they declare a war precisely because they want to justify their debt in advance.
They are Some Audio Cracks in The Video. But Good Vid Anyway.
EDIT: Thanks For The Likes. And Thank God I am Not The Only one 😂
I thought something was wrong with my Headphones
Aras_slot I thought my headphones was going bizzare.
Thanks for pointing it out. I thought I was going crazy
i went to look at the comments only to see if it was my headphones or not
Sigh, thought something was wrong with my devices.
Why dose the title screen have two hawiis
Lewis Jason why the hell not?
There’s like a shadow without the rest of the country it’s just Hawaii’s is lower
i had no clue what this comment meant because you spelt “Hawaii” so wrong (not so wrong it just looked weird).
You mean there's only one?
One is Hawaii and the other is hawii
I can never thank you enough VladimirCorp, for the things that you do for me. Your constant effort to make me happy is highly appreciated. Thank you!