Here’s Why America is About to be Bankrupt AND Everything You’ve Worked for Means Nothing!
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- Опубліковано 12 січ 2024
- Why America is About To Be Bankrupt AND Everything You've Worked for Means Nothing! The Looming Financial Crisis...What does It mean for You?
📉 Brace yourselves for an eye-opening exploration into the economic challenges facing America today! In this must-watch video, we delve deep into the factors contributing to the looming financial crisis and how YOU can get ahead during these times.
🏛️ This is an intricate web of economic policies, market dynamics, and global influences that are pushing America to the edge of a cliff. From mounting national debt to unforeseen global events. You must know what financial and economic actions to take in your personal life
💼 What does this mean for you and everything you've worked so hard to achieve? The harsh reality and potential consequences could reshape your financial landscape for the better or the worse. Learn how this crisis may impact jobs, investments, and your overall financial stability.
🌐 It's time to confront the uncomfortable truths and engage in a crucial conversation about your future. Knowledge is power, and by understanding the signs and symptoms of the impending financial storm, you can better prepare for what lies ahead.
🔍 Don't miss out on this essential analysis that goes beyond the headlines. The broader economic trends! Share this video with friends and family.
👁️🗨️ Stay informed. Subscribe for more thought-provoking content on the pressing issues of our time!
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Brought to you by:
Jerry Pinkas Real Estate Experts
604 N 27th Ave
Myrtle Beach, SC 29577
843-839-9870
🟢 Start Here! - www.HomeGuideMyrtleBeach.com
Disclaimer: All information given in my videos is meant to be educational. This video is not intended to replace your research, nor to provide legal, investment, or financial advice. For legal advice consult a lawyer.
I drive a 93 ford ranger I bought new in highschool. Drove it seven years in the navy still driving it today. It's almost at 800 thousand miles. Still running strong haha.
You must take good care of it. My 2004 Camry sitting at 211k and running strong. I'll be happy with 400k
How did you have the money for a brand new truck in high school????
@markbailey6051 damn, so did I. Must not have gotten paid as much as you. And the 15 year difference must play a big role too.
@markbailey6051 still, congrats on that Ford fu@#ing Ranger. I know that truck, it ain't no stranger.
Bank of Daddy@@spilledit
"The Federal Reserve System is not Federal; it has no reserves, and is not a system at all. But rather an international criminal syndicate."- Eustace Mullins.
The Rothschilds
does the Rothschilds shake and shiver when they see comments like this
@@darkmaninteractive they will when they stand and face judgement in front of the King of Kings and Lord of Lords Jesus the Christ! Every knee shall bow and every tongue shall confess Jesus is Lord , to the glory of God the Father.
@@stephensandiford3981Rothchilds and Rockefellers have altered the world and society in an ultimately detrimental way. Through banking petroleum medical and military sector . Probably responsible for the federal reserve word war I and II and the great depression eventually leading to Microsoft the Internet and were we are now
indeed, those that are exalted will be humbled@@stephensandiford3981
first thing to do is know the difference between your wants and your needs😊
This all day long.
Indeed. I live with in my means. I do not have a new flashy vehicle or the payments to go, I don't have a fancy house, or mansion with the prosperous mortgage. But what I have is decent and is mine, and paid for. My belongings may be old to some, but they work and I see no reason why to replace them.
😂
First thing to do is have a president that cares about his people and not people from other countries giving them a free ride while we're working hard for it!!
Where are you gonna find that? Democrats and Republicans are fresh out....
Keep voting for those idiots to rule you, and for sure don't govern yourself and take control of your securities
DJTrump 2024 🇺🇸 America First
it doesn't help that we are double and sometimes triple taxed!
I tell my teenager, never borrow money except for your home.
About as simple and concise as the best advice can be shared.
"There is one who makes himself rich, yet has nothing;
And one who makes himself poor, yet has great riches." (Proverbs 13:7) NKJV
The bible is full of riddles This is one of them.
What does this mean?
@@bgreg6069There are a couple of meanings that I find in this verse: Some people live off credit and give the appearance of being rich, while others live below their means, but are worth a lot of money. Another meaning that is probably more in keeping with the rest of Scripture is that one man is rich in this life but has nothing in the spiritual realm and the after life. Another guy uses his money even to the point of making himself poor, but has great spiritual blessings and a place with our heavenly Father through Jesus Christ. You can see these principles in the Gospels.
@@quercusrubra777 Thank you.
Great content as always. Getting off the never ending car payment train is one of the most powerful financial choices that a regular person can do. When you are driving down the road some people might like your car - but they really don’t care who is behind the wheel. Every month that I keep driving my paid off car is like putting $700 to $800 into my pocket that I can put towards a higher use. Do this for many years in a row and it becomes a life changing sum of money. Learn to do simple car maintenance like oil changes, and then they become low cost chores that pay off in long vehicle life. Changing oil more frequently is the cheapest way to get vehicles into the 200,000 to 300,000 mile range. Many people are trapped by payments on everything, use your savings by keeping your car beyond its payoff date and leveraging that into being debt free. It’s easy, anyone can do it and it doesn’t require any financial genius.
Changing brake pads is relatively easy too.
You were paying $800 a month for a car?! WOW!!!!!
@@StratMatt777 According to industry statistics the average new car payment is now $770 for 6 years (or higher with no down payment, or for a luxury SUV or pickup). Yes, you can get lower payments - some banks offer up to ten year auto financing. I do not currently have any car payments, and I'm at a point in life where any future car purchases will be in cash outright. When I have financed cars I have purposely doubled up on payments, often paying more than $1,000 a month - so that my car would be quickly paid for in less than two years.
@@Thomas63r2 Wow, it just boggles my mind that people pay that when 10 and 15 year-old Japanese cars are 100% reliable.
Marketing really works I guess...?
@@StratMatt777 Car payments are just simple math: amount financed, interest rate, term. No car is 100% reliable. Toyota generally makes good cars, but they have made some clunkers like the V6's that sludged up and the Tacomas with frames that rusted out. The supply of mythical 100% reliable 10 to 15 year old Toyotas is limited. Consumer reports only tracks reliability for a few years. In the U.S. when talking about which cars are most likely to still be on the road 15 years later its usually a Chevy, Ford, or GMC pickup truck.
@@Thomas63r2 My 16 year-old Toyota Corolla is 100% reliable. No problems. None. But I've taken care of it since I got it at 55,000 miles and it only has 130,000. Of course you could not find a car of this quality on a lot because a person like me would never ever part with it. So, yes, it is outrageously limited/not available for any price.
Toyotas are known to go 200,000 or 300,000+ miles. Hondas are good too. Nissan was great until they started installing CVTs 11 to 14 years ago (?)... that was their downfall.
The U.S. does make bullet proof trucks.
You make a good point on people spending too much money to look good but financially wrecked. I try to not buy anything on money I dont have, but this means im driving around in older vehicles that are paid off. Honestly it doesnt bother me and go to sleep at night not worrying about finances. I use credit cards but pay them off every month.
Yep only buying what you have to have to survive it doesn't matter what the hoopty looks like as long as it gets you from point A to point B and the grocery store. We try to purchase almost all of the food we eat, and put up, around sales each week. End up spending less and having more in the long run, not having to buy that item for awhile. Best way to do that is build up staples in your pantry, to go or use with sale items to make meals with. By staples I mean seasonings, condiments you use, broth, oil, butter, flour, sugar, baking powder, baking soda, salt, pepper, then the cheaper staples (if you like them or use them) such as beans, rice, and pastas. After you have those things built up concentrate on sale items each week and meal plan or put up extra to eat later. It helps with the grocery bill in the long run. Making meals that stretch is another good way to stretch or save dollars as well.
My favorite grandmother had a saying: "Use it up, wear it out, make it do or do without." I didn't listen to her as much as I should have, but I always remembered that saying, and it has served me well.
whoa.. you drove a two year old car??? My car was 10 years old before I bought it. That was 13 years ago. Still driving it. I must be rich!
edit: all kidding aside, my tenants all drive nicer, newer cars than I do.
🤔
Yes. We are debt heavy as a country. Yes, we have been bankrupt since I started paying attention 40 years ago. All we can do is keep our own financial house in order.
Until they empty your bank account.
Ask yourself who are you indebted to. It’s a Buch of people who are so wealthy they make musk look like a i of pauper
Tell that to Joe !!
I agree, we can’t do anything about the insanity coming out of Washington, but we can do what we can do for the coming, inevitable collapse. Keep at least some of your wealth In precious metals, and get out of debt. Don’t buy what you don’t need. Did I mention getting out of debt?
@@GodNSensecash hidden. F the bank . No debt, no credit card, house paid off here. Everything I do is cash. I pay by money orders. I leave no evidence. Been this way for many of years
The interest banks pay you come nowhere near the increase of cost of living due to inflation... you're still going broke; just at a slower pace.
Just say'n
In fact if you'd stashed money in gold in the year 2000 today you'd have an increased wealth of 800% 😂 can you say that about your paper money no its actually lost value
My ex used to say "Stay out of the stores and you'll have more money" Now there is Amazon and online shopping and you can spend it from the comfort of your home. You must find a way to be disciplined!!
Yup, and online gambling
Minimize your space ...rent a studio. Forced saving once you attain certain possessions
@@jamisonbernhardt3310 yes, the more living space, more storage for junk we don't need!! Its strange how humans buy stuff they don't need only to pack it away in a place where they are unlikely to see it again.
Good video, great ideas about personal financial planning. The problem is, the economy is geared for never ending consumption and debt. The American dream is to have it all, so people over spend and only understand consumption. The system exploits our innate greed and desire to have more.
CLOSE THE BORDER!!!!
Tell that to Brandon
I went thru my own collapse in 2009ad, and i felt all alone, and i sank into a deeper whole because of the process i ended up in 'my own prison' and now i feel for the people out there about to get a taste of what i went thru in 2009ad, and make sure you get out of their way, because there is going to be alot of angry people out there not knowing what to do, and they are going to unleash their anger upon you if you stand in their way.🤔🤨🧐
I was making good money in the oilfield and high-end carpentry and still couldn't see the vehicles worth the cost of a house. I put motors in two trucks and keep rollin.
Every time I drive past a Starbucks with a dozen idiots lined up, I just shake my head. This country has zero future!
That's like a friend of mine owns that stock and apple stock just for that reason. He was in line at a store waiting to be checked out for his cheap tp purchase, and this young girl said to the young cashier something about his I Pod ear buds, how she's going to buy some when she gets her I phone. My friend couldn't help himself he said "what does an I phone cost now a days, like $1,200.00?" She said "yeah they're a lot." He said " I'd rather put that $1,200.00 into apple stock." She looked at him stupidly. He then said as he was leaving the store. "Thank you, I depend on people like you." The people behind her in line laughed. I wonder if it made her think? Probably not though?
We all are guilty of it, one way or another though. Some learn, and some don't.
In my opinion, this is your best video. I do all the things for income and purchasing that you advised. That's why our retirement is flush with income and funds.
Happy New Year Jerry 🎉I got a promotion at work and got a 10k raise. I increased my pension and rrsp contributions to equal that increase because i always owe taxes but not any more. I'll pay myself first from now on. I am not making any major purchases either this year. I am focusing solely on paying off debt. It will feel good to be debt free in two year's time. Then, I'll buy a small pce of land up here in 🇨🇦 and focus on retirement in 15 yrs having a home completely paid off. Appreciate your message and agree 100% 😊 Wish everyone the best in achieving financial and physical health 👍🏻
Jerry, the economic message that you omit...... As euphoric and explosive as markets can be in one direction, they can and will be in the opposite direction.
I've been doing what you are mentioning here in this video. I have zero debit. I Saved and Invested my money over the years. I pay my CC off monthly, Paid cash for our home and two cars I own. I also use cash as much as I can. I only use my CC when I purchase a high ticket item and when the statement comes in I pay it off in full. Last I Took early retirement at 55.
You can't keep printing money and increasing the money supply without consequence. Germany tried to print money after WW1 to pay off debts and reparations. It led to hyper inflation called stagflation and collapse of the economy. Eventually it will come to a conclusion. Pay for things outright, be a minimalist. Have a good rainy day fund.
Prepping is much better as you're right your money will be worthless.
I know alot of your videos come down to "move to myrtle beach" and all, but damn I enjoy your videos since finding that Florida problem video a year ago❤❤
THANK YOU, JERRY!!!
What you said after 3:20 nails it. It didn't sink in for me until my 60's, though, but it was still life changing.
Very good advice throughout, and I followed all of these. However, the opening scare tactic is irrelevant it will cause most people who already know about the economy and investing to not watch the video. Our country has been bankrupt for a long time
My wife and I are 70 and we got to the point where we have zero debt. Our house is also fully paid for. We also moved to an area where the real estate taxes are absurdly low as are our car tabs.
Because we're on social security and a very small pension, we pay no income tax, state or federal. The biggest risk financially is the federal government doing some major cut back on social security payments to those that are receive it. But in my humble opinion, if they ever actually do that, that will be the least of our problems. So I don't worry about it. Regarding the risk to my children and my grandchildren, I look at it this way: every generation has its own cross to bear.
By the way, we are what credit card companies called deadbeats. That is, we use our credit cards to buy almost everything but then pay them off in full every month. That brings lots of benefits.
Even a house is a liability as requires maintenance, property taxes, etc. if fall behind on mortgage payment you have helped the banks asset, your house. You have been paying water, electricity etc. The bank takes it. You do not know true value of home til sell. It’s not liquid as takes awhile to sell. If you rent a home now an asset, money in your pocket every month. You never really own a house after you pay mortgage. Still property taxes. No money going into your
Pocket every month. A car is even worse as a depreciating liability.
Well said. I heard that a lot from tenants after 30+ years of owning and operating single family rental homes and apartment houses in the San Francisco Bay Area. You are absolutely right. Home ownership is not for everyone. But I live here pretty cheap, retired, with no mortgage, no debts, boat, cars, truck and RV paid off and stored here for free. And an income stream or two. This worked out great for me. I kick myself for not buying more NorCal property over the years.
Zillow says my house is now worth 13.2 times what I paid for it, like I care. My kids can sell it and throw a big party after I croak if they want.
Stock market is where the money is if you know what you're doing. Click of a mouse, and you are either in or out of a position. Not so easy when you own real estate. Sold a rental last year at market highs without a RE salesman.
The signature on that twenty dollar Bill is Rosie Rios. She quit the US TREASURY two years ago. She now works for RIPPLE/XRP. I think you don’t even realize what’s happening..
Greatest wealth transfer in human history is underway and you seem to be on the right track my friend. Congratulations 🎉
I am pushing 80 and not too strong.
I’m beginning to think that real estate investment (as a landlord) is a dinosaur that will be destroyed in the near future. In Germany it already happened with the insane green agenda, forcing owners to invest 100’s of thousands or sell. Most people are retirees and mostly don’t have that kind of money and will never get a loan.
It’s coming to you for sure!
It all can, it's not going to happen.
@@KidCity1985How will it be avoided? A debt jubilee?
Exactly what happened in Germany? Why do you need to invest hundreds of thousands dollars? Thx
Good advice! Thanks
Great video one of your better ones. Thanks for the info.
Own part of company(asset) that you buy depreciating products. Employers make more money than employees. Government performs bailouts on big companies helping out your investments.
You are the smartest financial person I know!
Im living 6 pack to 6 pack.
😂
There are many ways to cut back, and it adds up. Example, a case of water $ vs a refillable water bottle for work/exercise.
Search for the best price online. The same men’s coat was over $300 at two department stores, but ended up $107 at another one.
Pocketbooks, I could kick myself for wasting $ on a high end label. Now I wear a bag that I bought for an 1/8 of the price and love it!!
I think about the memory instead of a name to impress.
Hair salons - if a blow out is not included - do you need one after a single process color?
Shows and concerts can be really expensive for just one night. What about off-Broadway or community theatre instead?
Go away off-season.
Excellent. Thanks.
I grew up 60’s-70’s, credit cards not invented. You paid in cash. When cash was low you stopped spending. CC you can still
Spend money you do not have, expensive money. We have been addicted to cheap money for over 2 decades, now tight money. I wish I could make 20% gains on my investments like credit card companies
American Express Card 1959.
Most stores had store credit accounts. Watch any episode of I love Lucy
I'm sure credit cards existed in the 70s
In the seventies I had family that had visa MasterCard and dinersclub...
Thanks for your content
Today, a $20 bill has value practically everywhere in the world. What happens when it doesn't???
Lets go Brandon!
The best thing to do is drive older cars, maintain them well, learn how to do (some) home repairs, have no mortgage (if it’s possible) and live in a low property tax state (like SC). Inflation will exist of course, so some things (like food) will remain costly depending where you shop. With credit cards, use them, but always pay them in full every month. It is possible. I typically had a reasonable income, but saved very well, have zero debt, and live very conservatively (no expensive gadgets or shiny trinkets). I’m both frugal and cheap, I guess, but the Mrs and I don’t fret going to a restaurant for dinner now and then. Still working part time mostly for the healthcare, but just for another 5 years until Medicare.
The problem for many people in Florida is the home and car insurance increase. Once my kid is of driving age, that is escalation that isn't affordable. I suppose I'll have to relocate.
AN advertisement that came to me advertised 0% then after that 34% WHAT!! There should be a law that these banks and companies can only charge 5%!! America is in debt!!!
I think all Governments should get out of our pockets! They should use fees for services to generate income and leave our earnings to us.
"I'm from the government, and I'm here to help" used to be the most terrifying words. People became dumb trusting, and governments reached into our pockets and lives.
Government provides services and tax you for that
@@henson2k they provide the crappiest service and charge taxpayers 1000%. It's called corruption. And politicians want money more than drunken sailors like there's no tomorrow.
@@evoluxsion7339Reagan admin propaganda.😂
The best part about a 401k is when you invest your money, Blackrock gets to manage those funds. Then they can use that money to purchase EVERY business which can then implement and force DEI on you as well as a social credit score to go along with your vaccine passport. Also they get to use that money to buy up EVERY house in your neighborhood, which they can then rent back to you.
Everybody wins!
Yep …. sad but true. 🙄
Underrated comment. Should be pinned.
@@DeenanTheKemon1
Thanks my friend and fellow human! Unfortunately, I may have to take this comment down. About three minutes after posting I received a notice that my social credit score had dropped; only 12 points, but just enough for my employer to be notified and now I'm terminated from my job. This forces me to move my family out of this district into a lower one, so I will be busy packing up for a while.
How's things in your sector lately?
They will leave the investors holding the bag in the end as the brass exits with the spoils.
@@brucesmith9144
sssssshhhhh, quiet... don't let the secret out; you're gonna ruin the surprise : )
At this point the difficult decisions cannot be made. As a nation we are bankrupt. My wife is being treated for cancer. $32,700 a dose. Ok insurance is paying but then look at our ever growing premiums.
Wow that is expensive
$30-$66 dollars a year!? We’re rich! 😅
Greetings from Reno, Nevada.
With $33.5 trillion debt.
Losing war in Ukraine
Losing war in Gaza
Pumping more money to both Ukraine and Israel to continue the lost wars.
Money laundering 101.
Financing the foreigners coming over our border by way a system that we've paid into our entire working lives 😂 the "newcomers" benefits club and Obama swore that the ACA would never provide Healthcare for non-citizens
You speak the
The truth the whole truth and nothing but the truth
They have reached a point of no return in debt borrowing, there is no way put but print more money to pay for the interest payment due.
Full of truth and wisdom. Thank you❤
The great and spacious building.
WELL DONE! ALL YOUNG PEOPLE SHOULD SEE THIS.
Driving my old beater help me save more money vs a new vehicle/ even used.
After paying 200% over minimum payments on my AMEX accounts, was charged with interest FEE. When I did not FALL FOR a loan offer, the problems began. I have PAID off both AMEX accounts and will CLOSE account within 30days. Shameful to offer loan TRAPS that will end with 25%+ interest fees after a given period of time.
Thanks
As the new Caddy pulls up! 😂
Could we be going bankrupt because of the War in Israel and the amount of money the government is spending on that ? I try to save every week but im waiting on a low income home we cant find anything at 400k in California
What about the billions that have already gone to Ukraine and its leaders to live lavishly.
I got an even easier suggestion: coupons. Lots of coupons.
Well it sounds like pay now, or pay later. Give up stuff now, in exchange for having more later. This makes a lot of sense. There are trade offs to everything.
If there were not any trade offs, then everything would be easy.
Facing economic challenges, let's brainstorm solutions! What changes do you think can secure our financial future? Share your thoughts below!
Flat tax
@michelewuensch8468 Yeah they, aren't going to do that.
The Crown always owned the entire US Corporation and you just rented it and taxes.
You may understand business but you don't understand the basis of the money you touch everyday. That is just sad. We live in a credit based economy and the sooner people understand it, the better they are prepared to function in this economy. The level of government debt changes nothing relative to how the economy functions.
So the amount of government debt has nothing to do with inflation and the eroding wealth of the working class? I paid cash for everything I own (car, 10 acre homestead, solar power, well). Sure feels good to be free from the oligarchs controled demolition of the working class. But hey, keep playing their game, maybe you can be one of the haves and not a have not when the rug gets pulled.
Remember when they said you will own nothing and be happy we're living their plan in slow motion
Good common sense video Jerry. Although I made my money in stocks, real estate is another way to go. I did do very well in REIT's though.
One of best books I've read is called "the millionair next door"
It's an eye opener
The key is to not live on your income. No matter how little you make even try to save a couple of dollars. The alternative is to work and work to pay credit cards and car payments.
Funny, I saw the hotel I work at in the background. I didn`t know you were in Myrtle Beach.
Everytime we pay down the debt. Some president comes along and gives all the money away in Tax Cuts for wealthy Corporations.
THATS OUR SIGN
Plus free money to illegals. And lots of extra money for families with children and the poor. What about Seniors???
Reevaluating my retirement strategy after watching this.
Saw this in the 80's, the trickle down has made this country a wreck.
Do a video on investing in vacation rentals, particularly the MB area. Is it a good idea or no? Is it a money pit or a way to make some extra money?
I have several videos here on this channel that address that as far as what to look for in cash flow, pitfalls etc. they can be an alligator and eat you alive or they can be an absolute money machine but knowing what to look for is super important feel free to give our office a call at 843-839-9870 because there’s a lot of stuff that you want to consider. We’re here to help.
They can literally be an allagator! 🐊
Scott Dohanish is the BEST
we are all linked together...presently there are 50 countries that danger of bankruptcy...do you think they will pay the debts they owe to america?
Alot of good ideas.Not a real estate fan.Our personal home is paid off and we have no debt.Wating for real estate market to go lower and buy another pre forclosure.Will rent the paid home out.Not sure about being a land lord.My love is stocks so I buy 80 percent divden paying etfs,stocks,and CEFS.The other 20 percent I buy stocks long term hold.I also lease out my stocks to produce extra cash flow.Also a big pm stacker.Big beliver do what fascinates you and you love.Happy investing/stacking.
100% This is the best advice you've ever put out.
Yup
Smart shopping also is a good payoff, Ex: I am a motorcycle enthusiast , I wanted to buy a better helmet than the one i had, first I want to state, I generally will look and buy US goods first, ( I dont believe in supporting Communists ) In the case of this helmet, I found it was almost half the price for this particular (US made) helmet to buy it from a company in Sweden and have it shipped back to the states, It took a little longer to get , but for half the original MSRP is that not crazy ? American manufactured helmet shipped across the world then back cheaper than going to a local dealer and purchasing , makes no sense, other than this economy is designed to keep you drowning in debt if possible.
Very good video and most millionares are making it in real estate. A hidden jem is USDA if income plus debt income ratio is ideal. I have a mortgage offer of 6.1- just under6.2%. No money down. I am looking for single family that i can turn into adult foster care home. One can have 2 adults per bedroom. Each person brings $3,000 per person with no state tax just federal. The basement i can turn into my apt. and pay rent to self. I san take that cash flow and buy a FHA OR CONVENTIONAL an just keep douplicating it. In the past i got out of rentals and just fliped homes an i done all repairs. I had a very good profit margin. The title owner closed the home when i bought and closed when i closed. I just done repairs to bring it up to pass FHA inspections. Looking to buy now in my area HARD TO GET GOOD realtor who will send me listings. Many are getting out of the business and working regular jobs
The 4 biggest waste in America. 734 military base around the world. Space shuttle, Buying military weapons, Israel get 18 billion dollars a year from America, Egypt get 5 billion dollars a year.
2:05 *so you're telling me that every 1 of those people on the other side of that fence have followed every 1 of those steps to a T to get on the side of THAT fence behind you?* I wish you went & interviewed each 1 of them after that to see how they said THEY made it on THAT side of the fence.
😢😢 inflation controlled by the feds, wages the same since 1965... already is keeping us poor!
everyone wants a taste of that good life!
They have been bankrupt since the dollar went full fiat. I have to use credit to pay my car insurance because I'm not able to earn enough To have extra left to pay it.
1:23 The correct way to say is "For you and ME", not "For you and I."
Wise as an Owl, sly as a Fox!
It is impossible for the USA Government to go broke...what will happen then? The end of the world? Any entity that can create it's own (new) money simply cannot go out of business. Of course, the balancing act is USA economic growth, jobs, inflation, debt, etc. That is where the Admin (fiscal policy) and the Fed (monetary policy) work together to manage the business of the USA.
So will the united states be the first empire ever on the face of the planet to get away with fiat currency forever??? I wouldn’t bank on it
Concerning times! What's your take on the future, and how are you preparing? Share your insights-let's discuss solutions and strategies as a community!
Migrate elsewhere earth-wide.
Just for fun, read the small book: "The richest man in Babylon" . Its a group of very old stories well written.(not boring)
I didn't know the awesome uncle that I've always wanted to help mentor me had a youtube channel
Always great advice for us older folks Jerry, but thanks especially for targeting young people who can get caught up in that "Keeping Up With the Jones" syndrome! If young folks are taught good financial habits early it makes for a much saner and happier life in the future!
20 dollar a year for doing nothing is nothing... it's actually -365 days a year for those poorly saved greenbacks, buy and re-sell a product or buy supplies and tools to provide a service....
Talk is cheap !
Use your vote to select or educate the politicians to spend responsibly. And make them accountable, even after they are out of the office.
REITS investments. Warren Buffett loves index funds
On country debt, the USA is way down at 34. Moat countries are on this DEBT list. Oh, the authoritarian countries are not (North Korea, Russia, etc.), they refuse to give out the data.