America is presently besieged by the hydra-headed evil combo of inflation and recession. The worst aspect about this crisis is that consumers are piling up credit card debt. Credit card debt increased by 20% in April alone, while interest rates have doubled in a year. Inflation is so severe that customers are essentially going into debt to buy basic essentials. The collapse has certainly begun.
Every day, we face a new challenge. It has become the new normal. We felt it was a catastrophe at first, but now we know it's a new normal to which we must adjust. This year will be a year of great economic suffering across the country. What initiatives can we take to earn additional revenue during the period of quantitative adjustment? I can't afford for my hard-earned $200k to fall to dust.
More reason I enjoy my day to day market decisions is that i'm being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive information/analysis, it's quite impossible not to
Thank you very much. I just checked her out and wrote her an email. I'm hoping she responds soon. I've been thinking about doing this for a long time, and I've already procrastinated enough.
It's a bit annoying and unfortunate. When i was born, the national debt was $2,150 per person. Now it's over $100,000 per person. And I'm not even that old. It's truly alarming and best advice get out of debt, make regular investments and be debt free and financially stable.
Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my Financial advisor are working on a 7 figure ballpark goal, tho this could take till 2025.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
Annette Christine Conte’ is the licensed FA I use. Just google the name. You’d find necessary details to work with and set up an appointment. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
thanks for the lead, just searched Annette by her full name, easily spotted her consulting page and was able to schedule a call session, she seems highly professional from her resumé..
We are becoming too obsessed with the incoming crisis. In the right sense, the market never crashes. It just undergoes cycles, and almost always recovers. So I really don't care what the predictions are. I just want to grow my $480k portfolio. I read that people are pulling in massive profits despite the downturn. Any tips on how they do it?
I think there are advisors that can help you achieve the growth you need. You just have to make some research and get one who fits your fin-goal. YT is not the place!
I agree that the economy always recover. But then Investing through an advisor who understands the market, however, is simpler and yields higher returns. I started working with my CFP with less than $100,000, and as of right now, I'm just less than $30,000 short of half a million portfolio.
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...
Gold might crash in a liquidity crunch, but many precious metal holders are prepared for this and unlikely to be forced sellers. The paper market would tank and possibly collapse. Hearing from an experienced investor who has overcome adversity is motivating. It can be scary when your portfolio turns red, but if you've invested in strong companies, stick to your goals and continue growing them
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.
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
There are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
It's a good idea to seek advice at the moment, unless you're an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
'Sharon Ann Meny' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
Invest judiciously come next year, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 3years+ and I've netted over 2.8million.
@@hasede-lg9hj I just started a few months back, I'm going for long term, I'm still trying to wrap my head around it, who’s this advisor you work with?
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Grace Miller.
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
I'm celebrating a $30k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
So we’re not going to mention the ppp “loans”? It’s kinda important. Virtually zero regulation, a massive giveaway to the richest individuals in the nation.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Grace Miller.
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
But.. of you default on debt owed to US people it's insurance companies, pension firms, bond holder banks etc so.. if you default, claimants don't get paid when their houses and factories burn down! ..and cars are damaged and life insurance isn't paid; and US pensioners don't get their pensions, and banks go broke so depositors are left unpaid! ..the debts aren't all owed to fat cat billionaires!
I don't understand your comment. Did you mean that Americans are the ones who have to pay it off? Trust me, millions of Americans voted for Trump thinking that he was better for the economy. They still don't get that tariffs are NOT paid by foreign countries but by Americans. This video would go over most of their heads (which is why they voted for Trump's economy, which wasn't what they seem to think it was). Biden has produced the STRONGEST economy in the world, unemployment at 54 year LOW, interest rates are way down. And these idiots are going to believe Trump when he claims it as his own. Just like he claimed Obama's economy as his own. IF Americans actually wanted FACTS, they would know that EVERY DEMOCRAT administration handed over a BETTER economy than what the inherited from Republicans. I'm not an American, but I am an economist and my life's work has studied your economy. Americans have sold out their country to a Fascist dictator who will DESTROY American democracy, the economy, education, fairness in the law.....Put your seatbelts on. And other countries are going to get screwed by his tariffs, which will create global trade wars. I will NEVER understand how ignorant so many Americans are. I partially blame Fox, SINCLAIR MEDIA GROUP (look up a video done by John Oliver w/13 million views). SMG was deemed more dangerous than Fox by former head of your FCC.
You won't hear that from Musk. He is THE MODEL CORPORATE WELFARE RECIPIENT. The US Gov't funded and still funds Tesla and Space X with BILLIONS of dollars. Actually, a lot like Ross Perot's leaching of our money.
Raising taxes makes the problem worse. There is limit to raising taxes before it generates negative economic benefit. The US already surpassed that. Every penny taxed beyond that costs everyone more. Cut spending, decrease teh size of the government, deflate the balloon.
From 1948 through 1986 ish the top rate tax was on average 75% and as high as 91%. And America was at its most prosperous. So, no, raising taxes does not make things worse. Having an oligarchy with billions to do as they please and corps that can't find anything of value to do with tax cuts except buy their own stock back is a major problem as we are finding out.
Because their BRAIN WASHED by Fox, MAGA, Sinclair Media Group -- look up John Oliver's piece w/13 million views. Former head of FCC calls SMG more dangerous than Fox.
At least he's not going to give our taxes to illegals. I didn't vote so don't tell me ishh. I don't trust our government but I'm sure happy it's not Harris which didn't do anything in 4 years
My portfolio has always been self-managed for the past 30 years, and I own 3 shares of Berkshire Hathaway Class A stock (BRK:A), which I purchased for about $17,000 in the mid-1990s. I'm currently liquidating some of these positions to make room for new generation stocks, but would I be better off reinvesting in gold as stocks appear to be a little too volatile right now.
DCAing amongst various assets is a good strategy and can help reduce the impact of market volatility and thus a good strategy if you are looking to compound . However it is important to consider financial advisory when investing .
I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.
Then why do conservatives give ridiculous tax breaks to people who are worth $130 billion dollars or more? Why give corporations that make billions in profits a tax break? If the national debt is as serious as conservatives keep saying why keep cutting taxes? In fairness the federal government has to cut All agencies including defense spending. And everyone has to pay taxes everyone.That includes little working class,middle income, highly paid professionals and billionaires and corporations. In the 1950s people making a million dollars or more paid 91% today it’s down to 37%. Also all these deductions for all incomes big and small are never going to help pay down the debt.
@@Gadfly2025 the founders were against taxation without representation, not taxation. Rather, they knew it was patriotic to pay taxes, only if they had representation. However, they understood we unions.
Basic Living should not be this difficult to afford here in the US. (I love my country) but It feels like no matter what we do, it doesn't matter, you'll barely be able to afford your rent, you feel worthless, it has gotten so out of control. ~Serious question: HOW was our country allowed to get THIS bad? How is Nothing being done about it? It's not being talked about, it's not being addressed. This is the most crucial issue that needs to be addressed right now if we want to keep our society from collapsing. This obsession with achieving Perpetual growth is impossible. Yet our country acts like perpetual growth is a completely reasonable goal. There is no way anything can function like that. A huge majority of the population is struggling to even afford Rent.. All of this of course also affects small town businesses because the rent on these shops has increased too. Our country is pretty much requiring everyone to find ways to increase their income but our country isn't providing any options for a huge % of our population. Remember this is just so people could keep up with the increased cost of basic living. With the way our society is structured all of this is completely impossible. It's not possible for us to live in a system where everybody can be wealthy. So lots of store fronts are becoming vacant. Average people cannot afford basic rent. There is absolutely no help for our citizens who are now stuck in poverty.. (and worst of all, we have to wake up everyday and see that our country is completely ignoring that any of this is happening. The media just acts like none of this is going on. They just continue to show us clips on the news and statistics in the media about "How much our economy is thriving")
Well your fellow citizens just RE-ELECTED 🤡TRUMP 4 President. The very guy that they elected in 2016 that said Mexico will pay 4the wall & he said he was gonna get rid of most of or all of our Deficit. TRUMP added $8 Trillion to it & gave tax cuts to the wealthy & corporations. Now he's going to give BIGGER TAX CUTS & LOWER CORPORATE TAX TO 15% lower then the average taxpayer whom most of us make under $60k per year.. SO THEY DO ADDRESS THE ISSUE
@@Shineynsparkles They got exactly that. The US now be officially ****ed. Big money is laughing all the way to the bank. The next four years will eclipse the devastation wrought by Reagan and the working class will be crushed wholesale. It looks likely there may be no 2028 vote at all. There might not be a country to hold it.
My issue with the metric debt/GDP is our massive multi-trillion annual deficits artificially boost the GDP to much higher levels than it would be otherwise be if we ran a balanced budget. Therefore, the problem is even WORSE.
The trouble is that there had not been enough revenue taken in through taxes, particularly on those with the highest incomes. That includes corporations and Billionaires Who are the financial masterminds who caused this problem?.
And have been since Reagan, who *REALLY* got this catastrophe going. No president since, except Clinton who just gutted the defense budget, has bothered to do anything to keep the money grubbers in check. The only Presidents this country has had the past 200 years who has done anything worthwhile for the PEOPLE, rather than the Rich, were the Roosevelts.
Sorry to say, the country has been taken from the hands of fools and given into the hands of dictators. Red from top to bottom. We, the People, are F*d if we don't stand up and DO SOMETHING.
Stop warring in the entire world!!! Mind your own business and do not meddle in other countries and people's businesses. Long time ago (70years) we learned in school that everything!!! in the usa grows bigger than anywhere else. People, chicken, cities, but now the only growing item is debt, to pay the military. Is that not stupid?
Reckless spending without control will lead to only one outcome, tax increase, cut in spendings and if this does not work, then finally default, investors will need a hair-cut. You will not want to reach this situation, this means your credit ratings deteroriates and your future debts will costs a lot more to borrow.
The tipping point is when markets perceive US tax receipts can't cover interest payments. This would likely cause a credit downgrade unless taxes were raised, or commitments were re-prioritized. Increasing the tax burden will lower productivity exacerbating revenue flow problem. Budget cuts will stay off the table for a while, in no small part because the US budget *will* be its economy. Entitlement reforms etc. will have no effect on bond yields as credit ratings drop. Likely the Federal Reserve will be nationalized as will retirement savings. Reduced military spending, the USA's real trump card, will change the foreign policies of friend and foe alike. It's anyone's guess after that but the US will not be the power it once was.
Nationalization of people’s retirement savings? Yes I agree that desperate measures are in order but I don’t think that one happens without civil war. Although various forms of wealth taxes are already being discussed. Ugly and violent times ahead.
The US has been doing deficient spending for as long as most people here, have been alive. We are a debtor nation. Most economist have been resigned to that fact, for quite some time. They now take the approach, that so long as our ratio of GDP to annual national debt is in balance, we can continue to keep blowing up the balloon forever, without ill effect. We just will never pay it off.... 'til inflation does it for us.
The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfolio of $750k is down to $592k any recommendation;s to scale up my return;s during this crash will be highly appreciated.
You have to get a financial-advisor/broker to aid you diversify your portfolios to include commodities, inflation-indexed bonds and stocks of companies with solid cash flows, as opposed to growth stocks where valuations were valuations were based on future potentials earnings.
l agree, I've been in constant touch with a Financial Analyst for approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or hold. That's where my manager comes in, to help me with entry and exit points, l've accrued over $550k from an initially stagnant reserve of $150K all within 14months.
That's BS. stimulus was .3 T of the $2.3T approved. The hard working Americans who earned that aren't going to be guilt tripped. The Govt spent all that extra the whole dam $2T. Smfh. Facts matter!!
It’s going be a stagflation and I have said this 5 years ago and we can see that in numbers . Inflation is stubborn at the same time there are depressions in sector of the economy . It’s inflationary depression
@@MyButtercup I know it's coming. No one wants to think nor hear about it through. Fall of world empire is what it involves. I dunno what we're gonna do other than turn on one another. I'm scared, a grown man here needs his mommy and daddy and for people to care of one another again so we can be great again as E pluribus Unum, out of many came one. And country to come back to it's senses of being a united state of the world.
I'm ecstatic with the election and the year-end market surge. Which hidden jewels in the upcoming bull run would you buy with 100 grand right now? My goal is to position myself for a prosperous Q1 in 2025.
Index Funds & ETFs: 40-50%, Emerging Markets (e.g., VWO): 10-15%, Dividend Stocks: 10-20%, Growth Stocks/Small-Caps: 10-20%, REITs: 5-10% Remember to always work with a knowledgeable person in the financial market when starting out to avoid getting burnt.
"DCA DCA" is the golden term but the key. My dollar portfolio i DCA with is made up of 30% SCHG, 25% SCHD, 15% VOO and over 30% in digital assets, thanks to my CFA. This strategy is what works for my spouse and I. We've made over 80% capital growth minus dividends. Q3 taxable divs this year was $18,388.
Sure i don't mind. I've stuck with ‘’Sophia Irene Powell” for years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
The US debt problem could be solved by reinstating the tax structure of the early 1970’s where the wealthy paid much much more than they do today, yet much less than the average citizen as a percentage of income. Big money in politics and a captured media has taken those with $100’s of millions and more with little to no taxes. Change this and the problem is solved. Your welcome.
Not exactly. Saudis yesterday did joint military exercises with Iran. If they become allies and join Bric (Russia/Iran/China) and stop selling oil in US dollars, our dollar value drops down to nothing. Then you won't be able to borrow to pay our debt--or buy things from other countries. In other words, we will become like Mexico. No wonder Mexico is kicking out US Citizens. They might be building that Wall that Trump promised--to keep Americans out when it all collapses.
You don't think Elon and Trump aren't going to rob that fund to pay for those tax cuts--just like Reagan did. Difference will be they won't put it back--will just be gone.
Australia's debt to GDP *ratio* isn't 55%. It's 22.3% Its general government debt is 55%, but the ratio to GDP is a projected 22.3%. Because when you take it in tandem with overtime fluctuations in government backed securities set against things like superannuations, the figure is far less. Because promises 'to be made' are not 'debts and its repayments that need to be accounted for now'. So general government debt being at 55% looks shockingly awful, get your fainting couches... But when you think about it in terms of those simply being long-term promises that are in the forms of simply promises of wealth in exchange for people's supers---It's basically a case of; 'We're in debt simply because people are giving us money that we need to pay back with interest down the track.' So basically it's 'debt', but it's not like the principle has gone anywhere. It's not like the government spends that money in essence. But it will need to give it back with interest. Australians and their government are on the whole pretty fiscally responsible actors, at least in terms of curbing expenses and managing to get numerous expensive things down surprisingly efficiently. Like their world-class universal healthcare, continent wide, with only a 21 million-person taxpayer base ... The Australian federal government is a model of efficiency in praxis. Aussies complain a lot, but they are congenital whingers. I'd argue that General Government Debt being at 55% should be a bit of a wake up call already, however... And Aussies certainly don't want to be ratio hitting 35~40%. And yeah, the U.S. situation is kind of FUBAR when you consider it all-around... If there is a heaven, the cooks are Italian, the police are British, the teachers are French, the industrialists are Japanese, and the accountants Australian.
Now, Elon Musk and Trump can pay the debt with their big mouths and memes. Japan had and has high savers compared to US, no comparison here. US can print money and end up losing reserve currency of the World.
Elon Musk is def the one I would Listen too on this. Billionaires become wealthy because they completely understand the flow of Money, and have an understanding of how to play the Fiscal game of Financial Monopoly.
@@thecooperacademy That doesn't mean others cannot deserve the same respect if they have worked hard but failed by luck. America :- white vs Black India :- Upper Caste ( Kamala Harris and Sundar Pichai... ) VS Lower Caste ( SEBC, ST & SC ) In the end, Both are democracies and both societies are highly divided. The reason is pretty Clear, Rising Inequality and Favoritism. Who knows if Elon wasn't the first person to theoretically do whatever he did, but lucky enough to practically even experiment all those three rocket failures in a row as he had money that time.
The Weimar Republic experienced a debt crisis characterized by hyperinflation from 1921 to 1923, and America may be heading down a similar path. Although the U.S. has been experiencing higher-than-typical inflation in recent years-primarily due to supply chain, War in the Middle East, war in Europe, expansive monetary policy, and increased government spending during the pandemic-it is still far from the hyperinflation that devastated Weimar Germany.
First consequence: Central banks, investors, savers will no longer buy US Treasuries which finance the debts increases they are already switching into non interest paying gold , etc
Would anyone clear my small doubt? Broad money in the economy as a share of monetarily measured nominal annual GDP was about 0.5 times in 1960. It has seen a secular and steady increase over the years. It is more than 1.5 times the monetarily measured nominal annual GDP today. Let me translate it for non-economists. My blood pressure was 115/70 when I was born in 1960. My blood pressure has steadily increased over the years and now it reads 345/210. What would that mean? Anyone interested in economics can answer this question. Kindly do not come back with a "the economy has grown" answer, that would be stupid, and I am being nice here! Just like a higher BP would have altered my body's structure and makeup and turned it into a powder keg, waiting to blow -up. Why have I yet to receive an answer to this question? What are the central banks doing? What is the economic academia doing? Unfortunately, our mainstream macroeconomics is as much of a Voodoo as Modern Monetary Theory.
The central banks are controlling things for their own interests, and those who have sucked up the globe's wealth as fast as it can be generated and provided little to nothing to show for it.
Americans have so much spending, it like all american eat a dinner each day and they dont pay at Burger King, One meal per day per captita in USA. It have to end.
The rich don't care--they will just take their wealth and flee to Europe or South America and leave Americans holding the bag. Trickle-Down has been a scam since 1980 to destroy the US by Britain--to ruin our country.
The US was able to finance its massive deficits with debt, but countries around the world bankrolled it by buying US debt in the form of treasury bonds.
This would probably be the amount of money spent on the projects that Congress and presidents aren't allowed to see as its need to know and creates things like b52 bombers and holds the key to changing everything
In a few words, USA probably won't get bankrupt but people will do, by funding the interests USA needs to pay, people will get poorer and poorer, the cost of living will skyrocket!!!
You left out Trump giving the top 1% a massive tax break and just before the election telling his wealthiest donors "If you elect me, you are gonna be a lot wealthier" And, people like must are featured but he receives huge government subsidies for all his companies.
Serious spending cuts would mean entitlements and defense are on the table, but that of course won't happen. So, inflation is the likely answer. If the US imposed yield curve controls (similar to what happened after WW2), you could let inflation run hot but cap long-term interest rates at a low rate. Bond holders then lose because the value of their holdings goes down in real terms, but the debt payer (the US) wins because debt declines as a % of GDP. Do this long enough and the debt becomes manageable again. That is what I see in the future.
Think of how many corporate frauds that have been absorbed by the economy where the fraudulent wealth was too wrapped into real wealth to differentiate the difference. That has created incalculable unrealized losses to the very value of US currency
We keep saying we're heading to Bankruptcy but if we i mean our government has to pay off that debt tody it cannot pay it...even in 20 years so is our government Bankrupt or heading towards Bankruptcy?
Better hurry---Saudis started doing military exercises with Iran yesterday. If they stop selling Oil in US dollars, that will tank the value of the dollar. But what are going to do with your gold? Won't buy you groceries...and Canada and Mexico are already turning away Americans.
Every president has 2 terms in first term they shpuld spend to get re elected and then in 2nd term reign in the spending but they don't do it and continue spending
Sincerely, I’m really concerned about how the current economic crisis and rising inflation have really taken a toll on my portfolio. It's becoming quite worrisome, especially at my age.
I completely understand what you mean. These financial challenges affect older citizens like us more significantly. It's concerning to see our savings and investments diminishing in value. I’m also very worried but what someone I do
Truly the situations are difficult but it has honestly never been easy. What I figured out years back what that with proper guidance, we can predict some of these situations and take advantage of them. Have you considered seeking the help of a financial advisor? I have been working with one since the corona lockdown, and she has been instrumental in navigating these difficult times. She understands the unique needs of older individuals and can provide valuable guidance.
Sure! Her name is Melissa Terri Swayne. I found her through a referral from a friend. She has extensive experience in managing portfolios and has been great at adapting to changing market conditions. You can reach her online by just searching her name
I don't know why they keep with this debt/GDP metric! It is completely irrelevant, maybe the U.S. tax revenue/debt would be more relevant. The government is the one borrowing, GDP tells all production for the nation. We can't just print money, all debt is borrowed, we don't just print money.
But it owes that debt to itself! In other words, it's not a debt, it's an imbalance. It's not a good thing but it's nothing like what we all see as bankruptcy - ie, your creditors coming to your house and taking away all your things.
Question; Where is this $30 trillion?? Where did the banks who purchased the initial debt get the money? What happens if the banks refuse to buy the 'debt'? Surely, until these fundamental questions are answered, everything else is just guesswork. Didn't the government create trillions of dollars (post-2008) without borrowing via QE? And a possible $1 trillion platinum coin that legally avoids the bond market? If the government was going to go bankrupt, it would have happened already as the banks refused to lend post-2008. Is there another reason? If taxes pay for stuff, where did the money originally come from? Who actually creates the stuff?
I think you're falling short at saying that another reason of a lot of debt is because all the tax cuts to the wealthy. As the ecomist 14:16 saying, all the transfer of wealth from the common people to the billionaires is the reason of our problems.
Get out of debt and stay out of debt. Accumulate physical silver and gold. Stockpile nonperishable food and basic necessities. Stockpile weapons and ammo. Start a large garden and preserve food (canning, dehydration, freeze-drying, smoking, pickling, etc.). Go off grid and live very frugally (minimalism). Then stay out of the way as America collapses.
The only problem with that is security. America can no longer guarantee the safety and proper affordable medical care of it's citizens. If you are raided, seriously hurt and robbed clean, what do you do then?
They still try to hide the reality but who can say they bought a new car because they needed one and not saying it's a gift i made to myself?. So do the work, cooking, cleanup and sleeping and you will still be in debt for the rest of your life. This is the new reality.
Uh huh ... And so how, exactly, does a flat 20% tariff against the rest of the world and spurring other economies to ditch T-bills, reduce reliance on U.S. supply chains, increasing pressure of USD global reserve status, and causing greater inflationary pressures on the USD while cutting income and corporate taxes on the wealthy solve that? I mean, austerity has been tried umpteen billion times throughout history but this time it will work--Oh also, with runaway tariff-based inflation while decreasing gov't revenue added in for good measure. Because if something had a slim chance of working before, why not add *even more* straw to the already broken camel's back?
Econ 101. Again, where does the money go? Austerity always causes recessions because extracting money from the economy causes it to shrink and, therefore, a loss of confidence spiral into depression (i.e. 1929-1933). Why hasn't Japan 'gone bankrupt'? Why have they not got hyperinflation? What happened to cause the lost decade? It would be best to do more research before attempting to reach a conclusion, let alone suggest a clean-slate answer. May I suggest the 18-20th-century economic history of the US, France, Japan, Germany, UK, and Nordic regions, looking at booms and busts, rentier class structures, At least Classical (Smith and co), Marxist, Neo-Classical (Marshall) Keynesian and Neoliberal (Friedman and Hayek) economic and here is the keyword 'theory' not science.. Banking systems and how gold standard actually works and its history, why the bond market even exists in a Fiat economy, take a look at Bretton Woods. Why was it abandoned, and what was the effect of communism on Western economies? Note that the golden period of capitalism (1950-75) was Keynesian, and during the Cold War, the question is, why? Just reading a book from Econ 101 Chicago School of Economics can lead to oversimplified conclusions that, as we saw in the past, lead to even more societal division than at the beginning of the 20th century!
Slice government spending by 25% and reallocate. Social Security and Medicaid by 10% and military by 30%. The rest uniformly. Abolish many other sectors outright. That’s 2 trillion. In 10 years half of the debt would be settled. Tax reform and economic take over.
yeah, now the channel is slowing going into the fear-mongering. There's nothing like starting a vid with two quotes from two scammers Elon and Robert Kiyosaki, who's been scaring people into his investment courses for the past 18yrs. Seriously, just pull up one of his old UA-cam videos and you'll see he's been spouting the same scares for a long time.
@thecooperacademy new to the channel. You're doing God's work sir. Keep doing what you're doing. Not enough people / entities are talking about this. Keep preaching it until wake and understand how big of problem this is!
But the gimme American capitalist ethos tells people their taxes are too high; it is assumed that taxes are axiomatically bad - for everybody at every income level. This ethos produces precisely what one would expect!
America is presently besieged by the hydra-headed evil combo of inflation and recession. The worst aspect about this crisis is that consumers are piling up credit card debt. Credit card debt increased by 20% in April alone, while interest rates have doubled in a year. Inflation is so severe that customers are essentially going into debt to buy basic essentials. The collapse has certainly begun.
Every day, we face a new challenge. It has become the new normal. We felt it was a catastrophe at first, but now we know it's a new normal to which we must adjust. This year will be a year of great economic suffering across the country. What initiatives can we take to earn additional revenue during the period of quantitative adjustment? I can't afford for my hard-earned $200k to fall to dust.
More reason I enjoy my day to day market decisions is that i'm being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive information/analysis, it's quite impossible not to
Can you provide me the name of this coach? I've been researching advisers because I really need some guidance.
Her name is Melissa Terri Swayne can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Thank you very much. I just checked her out and wrote her an email. I'm hoping she responds soon. I've been thinking about doing this for a long time, and I've already procrastinated enough.
It's a bit annoying and unfortunate. When i was born, the national debt was $2,150 per person. Now it's over $100,000 per person. And I'm not even that old. It's truly alarming and best advice get out of debt, make regular investments and be debt free and financially stable.
Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my Financial advisor are working on a 7 figure ballpark goal, tho this could take till 2025.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
Annette Christine Conte’ is the licensed FA I use. Just google the name. You’d find necessary details to work with and set up an appointment. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
thanks for the lead, just searched Annette by her full name, easily spotted her consulting page and was able to schedule a call session, she seems highly professional from her resumé..
We are becoming too obsessed with the incoming crisis. In the right sense, the market never crashes. It just undergoes cycles, and almost always recovers. So I really don't care what the predictions are. I just want to grow my $480k portfolio. I read that people are pulling in massive profits despite the downturn. Any tips on how they do it?
I think there are advisors that can help you achieve the growth you need. You just have to make some research and get one who fits your fin-goal. YT is not the place!
I agree that the economy always recover. But then Investing through an advisor who understands the market, however, is simpler and yields higher returns. I started working with my CFP with less than $100,000, and as of right now, I'm just less than $30,000 short of half a million portfolio.
Mind if I ask you to recommend this particular coach you using their service?
Sure! She goes by 'Stacy Lynn Staples'. Just research the name. All of this happened in less than a year after she told me what to do.
Just ran an online search on her name and came across her website; pretty well educated. thank you for sharing.
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...
Gold might crash in a liquidity crunch, but many precious metal holders are prepared for this and unlikely to be forced sellers. The paper market would tank and possibly collapse. Hearing from an experienced investor who has overcome adversity is motivating. It can be scary when your portfolio turns red, but if you've invested in strong companies, stick to your goals and continue growing them
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.
impressive gains! how can I get your advisor please, if you don’t mind me asking? I could really use a help as of now
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
There are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
It's a good idea to seek advice at the moment, unless you're an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
How can I reach this advisers of yours? because I'm seeking for a more effective investment approach on my savings?
'Sharon Ann Meny' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
Invest judiciously come next year, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 3years+ and I've netted over 2.8million.
@@hasede-lg9hj I just started a few months back, I'm going for long term, I'm still trying to wrap my head around it, who’s this advisor you work with?
I just started a few months back, I'm going for long term, I'm still trying to wrap my head around it, who’s this advisor you work with?
Annette Marie Holt can't divulge much.. Most likely, the internet should have her basic info, you can research if you like.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Grace Miller.
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
The very first time we tried, we invested $1400 and after a week, we received $5230. That really helped us a lot to pay up our bills.
I'm celebrating a $30k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
So we’re not going to mention the ppp “loans”? It’s kinda important. Virtually zero regulation, a massive giveaway to the richest individuals in the nation.
But the government doesn't use tax revenue to pay debt down . Its stolen by the oligarchy.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Grace Miller.
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
The very first time we tried, we invested $1400 and after a week, we received $5230. That really helped us a lot to pay up our bills.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
she's mostly on Telegrams, using the user name
Boy are Americans going to be pissed when they realize a large portion of this debt is in actuality owed to Americans.
But.. of you default on debt owed to US people it's insurance companies, pension firms, bond holder banks etc so.. if you default, claimants don't get paid when their houses and factories burn down! ..and cars are damaged and life insurance isn't paid; and US pensioners don't get their pensions, and banks go broke so depositors are left unpaid! ..the debts aren't all owed to fat cat billionaires!
I don't understand your comment. Did you mean that Americans are the ones who have to pay it off? Trust me, millions of Americans voted for Trump thinking that he was better for the economy. They still don't get that tariffs are NOT paid by foreign countries but by Americans. This video would go over most of their heads (which is why they voted for Trump's economy, which wasn't what they seem to think it was). Biden has produced the STRONGEST economy in the world, unemployment at 54 year LOW, interest rates are way down. And these idiots are going to believe Trump when he claims it as his own. Just like he claimed Obama's economy as his own. IF Americans actually wanted FACTS, they would know that EVERY DEMOCRAT administration handed over a BETTER economy than what the inherited from Republicans. I'm not an American, but I am an economist and my life's work has studied your economy. Americans have sold out their country to a Fascist dictator who will DESTROY American democracy, the economy, education, fairness in the law.....Put your seatbelts on. And other countries are going to get screwed by his tariffs, which will create global trade wars.
I will NEVER understand how ignorant so many Americans are. I partially blame Fox, SINCLAIR MEDIA GROUP (look up a video done by John Oliver w/13 million views). SMG was deemed more dangerous than Fox by former head of your FCC.
Borrow from Americans, spend it all, then dissolve the debt with inflation that will also hurt Americans.
Welcome to America.
They are going to demand we start taking resources rather than buying them since we spend so much money on military.
I don't hear in your proposal's cut ALL CORPORATE SUBSIDIES & TAX CUTS, RAISE CORPORATION & THE WEALTHY TAXES
You won't hear that from Musk. He is THE MODEL CORPORATE WELFARE RECIPIENT. The US Gov't funded and still funds Tesla and Space X with BILLIONS of dollars. Actually, a lot like Ross Perot's leaching of our money.
Raising taxes makes the problem worse. There is limit to raising taxes before it generates negative economic benefit. The US already surpassed that. Every penny taxed beyond that costs everyone more.
Cut spending, decrease teh size of the government, deflate the balloon.
@@LaFonteCheVi Of course that cut spending will be on social programs: Social Security, Medicare, education, etc.
From 1948 through 1986 ish the top rate tax was on average 75% and as high as 91%. And America was at its most prosperous. So, no, raising taxes does not make things worse. Having an oligarchy with billions to do as they please and corps that can't find anything of value to do with tax cuts except buy their own stock back is a major problem as we are finding out.
@@LaFonteCheViIs there proof to your claim, or did you make it up?
Because it really does not fit with any real world data.
Why does nobody mention the big tax cuts for the rich, ruled by Trumpf?
Because their BRAIN WASHED by Fox, MAGA, Sinclair Media Group -- look up John Oliver's piece w/13 million views. Former head of FCC calls SMG more dangerous than Fox.
Because then no one would vite for him
Don't worry Americans just elected a president who knows all about bankruptcy😂
anton: Good point.
At least he's not going to give our taxes to illegals. I didn't vote so don't tell me ishh. I don't trust our government but I'm sure happy it's not Harris which didn't do anything in 4 years
Anton, I love this reply. And Trump excelled at it. Who else could bankrupt six casinos? Casinos for God's sake!
@@bp4187 He had many other failed businesses also in the 80s.
@@bp4187how the fuck did he bankrupt a casino? Retards expect him to save amerikkka lmao good joke.
My portfolio has always been self-managed for the past 30 years, and I own 3 shares of Berkshire Hathaway Class A stock (BRK:A), which I purchased for about $17,000 in the mid-1990s. I'm currently liquidating some of these positions to make room for new generation stocks, but would I be better off reinvesting in gold as stocks appear to be a little too volatile right now.
DCAing amongst various assets is a good strategy and can help reduce the impact of market volatility and thus a good strategy if you are looking to compound . However it is important to consider financial advisory when investing .
I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
You appear to know the market better than we do, so that makes great sense. Who is the coach?
"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.
Thanks for sharing, I just looked her up and I would say she really has an impressive background in lnvesting. I have sent out a message.
Then why do conservatives give ridiculous tax breaks to people who are worth $130 billion dollars or more? Why give corporations that make billions in profits a tax break? If the national debt is as serious as conservatives keep saying why keep cutting taxes? In fairness the federal government has to cut All agencies including defense spending. And everyone has to pay taxes everyone.That includes little working class,middle income, highly paid professionals and billionaires and corporations. In the 1950s people making a million dollars or more paid 91% today it’s down to 37%. Also all these deductions for all incomes big and small are never going to help pay down the debt.
Because they ( Elon) want to buy the USA debt with crypto
Meanwhile Elon pays almost no tax...
@@rudynathan8852 smart !
@Gadfly2025 wrong! Talk about giving all our money to an migrant. 😅
@@Gadfly2025 the founders were against taxation without representation, not taxation. Rather, they knew it was patriotic to pay taxes, only if they had representation. However, they understood we unions.
@ give them more taxes then 😆
@ it’s really about destruction of American traditional culture
Basic Living should not be this difficult to afford here in the US. (I love my country) but It feels like no matter what we do, it doesn't matter, you'll barely be able to afford your rent, you feel worthless, it has gotten so out of control. ~Serious question: HOW was our country allowed to get THIS bad? How is Nothing being done about it? It's not being talked about, it's not being addressed. This is the most crucial issue that needs to be addressed right now if we want to keep our society from collapsing. This obsession with achieving Perpetual growth is impossible. Yet our country acts like perpetual growth is a completely reasonable goal. There is no way anything can function like that. A huge majority of the population is struggling to even afford Rent.. All of this of course also affects small town businesses because the rent on these shops has increased too. Our country is pretty much requiring everyone to find ways to increase their income but our country isn't providing any options for a huge % of our population. Remember this is just so people could keep up with the increased cost of basic living. With the way our society is structured all of this is completely impossible. It's not possible for us to live in a system where everybody can be wealthy. So lots of store fronts are becoming vacant. Average people cannot afford basic rent. There is absolutely no help for our citizens who are now stuck in poverty.. (and worst of all, we have to wake up everyday and see that our country is completely ignoring that any of this is happening. The media just acts like none of this is going on. They just continue to show us clips on the news and statistics in the media about "How much our economy is thriving")
One word: MONOPOLIES.
Well your fellow citizens just RE-ELECTED 🤡TRUMP 4 President. The very guy that they elected in 2016 that said Mexico will pay 4the wall & he said he was gonna get rid of most of or all of our Deficit. TRUMP added $8 Trillion to it & gave tax cuts to the wealthy & corporations. Now he's going to give BIGGER TAX CUTS & LOWER CORPORATE TAX TO 15% lower then the average taxpayer whom most of us make under $60k per year.. SO THEY DO ADDRESS THE ISSUE
Kleptocrats finna kleptocrat
@@Shineynsparkles They got exactly that.
The US now be officially ****ed.
Big money is laughing all the way to the bank. The next four years will eclipse the devastation wrought by Reagan and the working class will be crushed wholesale.
It looks likely there may be no 2028 vote at all. There might not be a country to hold it.
What we DO and DO NOT DO matter greatly. Choose wisely. That is the way to win the real game of life.
When you run out of ideas, entertain the masses while printing more money.
Perhaps you should look up how much Trump spent in his first term!!!!!!!!
It's like throwing confetti, and running away when they're all dazzled.
My issue with the metric debt/GDP is our massive multi-trillion annual deficits artificially boost the GDP to much higher levels than it would be otherwise be if we ran a balanced budget. Therefore, the problem is even WORSE.
This is the debt doom merry go round. We are already on it. 5 years before it spins out? 10?
The trouble is that there had not been enough revenue taken in through taxes, particularly on those with the highest incomes. That includes corporations and Billionaires Who are the financial masterminds who caused this problem?.
The z republicans and many Democrats. And also Trump who gave a 6 trillion gift on taxes to the wealthiest
Neoliberals, M Thatcher, and Hayak--funded by Koch Family.
Paying a dollar every second, it would take over 1million years to repay 35trillion.
Oh God, please give us a break! Fools are ruining this country.
And have been since Reagan, who *REALLY* got this catastrophe going. No president since, except Clinton who just gutted the defense budget, has bothered to do anything to keep the money grubbers in check.
The only Presidents this country has had the past 200 years who has done anything worthwhile for the PEOPLE, rather than the Rich, were the Roosevelts.
IT'S WAY TOO LATE!!
@@ericstockler2353 You might be right!!!
Sorry to say, the country has been taken from the hands of fools and given into the hands of dictators.
Red from top to bottom.
We, the People, are F*d if we don't stand up and DO SOMETHING.
Now you got a bigger fool.
Cut spending by cutting support to Israel.
that will never happen - they are going to suck us into a massive new war
Going to need a LOT MORE THAN THAT!!!!!!! A bit naive.
USA government officials will sell their kidneys to fund Israel if US becomes bankrupt
Yes & pause politicians wages for ages.
They don't care cz they have security of pension even after getting retired from their political or legislative position...
Stop warring in the entire world!!! Mind your own business and do not meddle in other countries and people's businesses. Long time ago (70years) we learned in school that everything!!! in the usa grows bigger than anywhere else. People, chicken, cities, but now the only growing item is debt, to pay the military. Is that not stupid?
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments.
Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.
nice! once you hit a big milestone, the next comes easier. How can i reach him, if you don't mind me asking?
Reckless spending without control will lead to only one outcome, tax increase, cut in spendings and if this does not work, then finally default, investors will need a hair-cut. You will not want to reach this situation, this means your credit ratings deteroriates and your future debts will costs a lot more to borrow.
The tipping point is when markets perceive US tax receipts can't cover interest payments. This would likely cause a credit downgrade unless taxes were raised, or commitments were re-prioritized. Increasing the tax burden will lower productivity exacerbating revenue flow problem. Budget cuts will stay off the table for a while, in no small part because the US budget *will* be its economy. Entitlement reforms etc. will have no effect on bond yields as credit ratings drop. Likely the Federal Reserve will be nationalized as will retirement savings. Reduced military spending, the USA's real trump card, will change the foreign policies of friend and foe alike. It's anyone's guess after that but the US will not be the power it once was.
Nationalization of people’s retirement savings? Yes I agree that desperate measures are in order but I don’t think that one happens without civil war. Although various forms of wealth taxes are already being discussed. Ugly and violent times ahead.
"Sheez, I voted for Trump to get me better pay. Now we're all broke....except the billionaires"
I told you so
@@AJBAKER70S It was rhetorical.
The US has been doing deficient spending for as long as most people here, have been alive. We are a debtor nation. Most economist have been resigned to that fact, for quite some time. They now take the approach, that so long as our ratio of GDP to annual national debt is in balance, we can continue to keep blowing up the balloon forever, without ill effect. We just will never pay it off.... 'til inflation does it for us.
Am I late? And what can I invest in, I am new to this
The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfolio of $750k is down to $592k any recommendation;s to scale up my return;s during this crash will be highly appreciated.
You have to get a financial-advisor/broker to aid you diversify your portfolios to include commodities, inflation-indexed bonds and stocks of companies with solid cash flows, as opposed to growth stocks where valuations were valuations were based on future potentials earnings.
l agree, I've been in constant touch with a Financial Analyst for approximately 8 months.
You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or hold. That's where my manager comes in, to help me with entry and exit points, l've accrued over $550k from an initially stagnant reserve of $150K all within 14months.
Please can you leave the info of your investment advisor here? I'm in dire need for one
Sure, the investment-advisor that guides me is Layah Maltida
after ww2, taxes on the wealthy and corporations were very high. This paid down the debt.
That's BS. stimulus was .3 T of the $2.3T approved. The hard working Americans who earned that aren't going to be guilt tripped. The Govt spent all that extra the whole dam $2T. Smfh. Facts matter!!
America need to sue the democratic and republican parties for this dept. $35T. They spent the money , they need to pay it back.
The vast majority of this debt has happened in GOP years.
Hyperinflation is inevitable
or war
Both
It’s going be a stagflation and I have said this 5 years ago and we can see that in numbers . Inflation is stubborn at the same time there are depressions in sector of the economy . It’s inflationary depression
Total devaluation of the dollar
@@MyButtercup I know it's coming. No one wants to think nor hear about it through. Fall of world empire is what it involves. I dunno what we're gonna do other than turn on one another. I'm scared, a grown man here needs his mommy and daddy and for people to care of one another again so we can be great again as E pluribus Unum, out of many came one. And country to come back to it's senses of being a united state of the world.
I'm ecstatic with the election and the year-end market surge. Which hidden jewels in the upcoming bull run would you buy with 100 grand right now? My goal is to position myself for a prosperous Q1 in 2025.
Bitcoin through 2025, then high yield ETFs through the bear market 26’-27’ that's my plan.
Index Funds & ETFs: 40-50%, Emerging Markets (e.g., VWO): 10-15%, Dividend Stocks: 10-20%, Growth Stocks/Small-Caps: 10-20%, REITs: 5-10%
Remember to always work with a knowledgeable person in the financial market when starting out to avoid getting burnt.
"DCA DCA" is the golden term but the key. My dollar portfolio i DCA with is made up of 30% SCHG, 25% SCHD, 15% VOO and over 30% in digital assets, thanks to my CFA. This strategy is what works for my spouse and I. We've made over 80% capital growth minus dividends. Q3 taxable divs this year was $18,388.
I find your situation fascinating. Would you be willing to suggest a trusted advisr you've worked with?
Sure i don't mind. I've stuck with ‘’Sophia Irene Powell” for years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
The US debt problem could be solved by reinstating the tax structure of the early 1970’s where the wealthy paid much much more than they do today, yet much less than the average citizen as a percentage of income. Big money in politics and a captured media has taken those with $100’s of millions and more with little to no taxes. Change this and the problem is solved. Your welcome.
Not exactly. Saudis yesterday did joint military exercises with Iran. If they become allies and join Bric (Russia/Iran/China) and stop selling oil in US dollars, our dollar value drops down to nothing. Then you won't be able to borrow to pay our debt--or buy things from other countries. In other words, we will become like Mexico. No wonder Mexico is kicking out US Citizens. They might be building that Wall that Trump promised--to keep Americans out when it all collapses.
Social security is not part of the national debt. It's from a separate fund.
You don't think Elon and Trump aren't going to rob that fund to pay for those tax cuts--just like Reagan did. Difference will be they won't put it back--will just be gone.
Australia's debt to GDP *ratio* isn't 55%.
It's 22.3%
Its general government debt is 55%, but the ratio to GDP is a projected 22.3%.
Because when you take it in tandem with overtime fluctuations in government backed securities set against things like superannuations, the figure is far less.
Because promises 'to be made' are not 'debts and its repayments that need to be accounted for now'.
So general government debt being at 55% looks shockingly awful, get your fainting couches...
But when you think about it in terms of those simply being long-term promises that are in the forms of simply promises of wealth in exchange for people's supers---It's basically a case of; 'We're in debt simply because people are giving us money that we need to pay back with interest down the track.'
So basically it's 'debt', but it's not like the principle has gone anywhere. It's not like the government spends that money in essence. But it will need to give it back with interest.
Australians and their government are on the whole pretty fiscally responsible actors, at least in terms of curbing expenses and managing to get numerous expensive things down surprisingly efficiently.
Like their world-class universal healthcare, continent wide, with only a 21 million-person taxpayer base ...
The Australian federal government is a model of efficiency in praxis.
Aussies complain a lot, but they are congenital whingers.
I'd argue that General Government Debt being at 55% should be a bit of a wake up call already, however... And Aussies certainly don't want to be ratio hitting 35~40%.
And yeah, the U.S. situation is kind of FUBAR when you consider it all-around...
If there is a heaven, the cooks are Italian, the police are British, the teachers are French, the industrialists are Japanese, and the accountants Australian.
Now, Elon Musk and Trump can pay the debt with their big mouths and memes. Japan had and has high savers compared to US, no comparison here. US can print money and end up losing reserve currency of the World.
oH yEAH! lET THE tECH BROS PAY IT ALL OFF.
There is def economical issues but elon musk would be the last person i would take advice from.
The person with the most money in the world doesn't seem like a bad option to get money advice from. Or at least listen to his opinion :)
i thought it would be someone from among the Chosen People to be the richest.
Elon Musk is def the one I would Listen too on this. Billionaires become wealthy because they completely understand the flow of Money, and have an understanding of how to play the Fiscal game of Financial Monopoly.
@@thecooperacademy That doesn't mean others cannot deserve the same respect if they have worked hard but failed by luck.
America :- white vs Black
India :- Upper Caste ( Kamala Harris and Sundar Pichai... ) VS
Lower Caste ( SEBC, ST & SC )
In the end, Both are democracies and both societies are highly divided.
The reason is pretty Clear, Rising Inequality and Favoritism.
Who knows if Elon wasn't the first person to theoretically do whatever he did, but lucky enough to practically even experiment all those three rocket failures in a row as he had money that time.
@@thecooperacademy No, it doesn't. The economics of governments and private firms are fundamentally different in irreconcilable ways.
The Weimar Republic experienced a debt crisis characterized by hyperinflation from 1921 to 1923, and America may be heading down a similar path. Although the U.S. has been experiencing higher-than-typical inflation in recent years-primarily due to supply chain, War in the Middle East, war in Europe, expansive monetary policy, and increased government spending during the pandemic-it is still far from the hyperinflation that devastated Weimar Germany.
Wait until Saudis stop selling oil in US dollars... They were doing joint military exercises with Iran yesterday.
First consequence: Central banks, investors, savers will no longer buy US Treasuries which finance the debts increases
they are already switching into non interest paying gold , etc
When you see congress guys approving billions to fight this or that country, remember it's money borrowed. That's a shame. 😢😢😢😢
Would anyone clear my small doubt? Broad money in the economy as a share of monetarily measured nominal annual GDP was about 0.5 times in 1960. It has seen a secular and steady increase over the years. It is more than 1.5 times the monetarily measured nominal annual GDP today.
Let me translate it for non-economists. My blood pressure was 115/70 when I was born in 1960. My blood pressure has steadily increased over the years and now it reads 345/210. What would that mean? Anyone interested in economics can answer this question. Kindly do not come back with a "the economy has grown" answer, that would be stupid, and I am being nice here! Just like a higher BP would have altered my body's structure and makeup and turned it into a powder keg, waiting to blow -up. Why have I yet to receive an answer to this question? What are the central banks doing? What is the economic academia doing? Unfortunately, our mainstream macroeconomics is as much of a Voodoo as Modern Monetary Theory.
The central banks are controlling things for their own interests, and those who have sucked up the globe's wealth as fast as it can be generated and provided little to nothing to show for it.
Excellent review...it would be great to find 'who' in the govt decided to sell bonds. The DOW jumping 1500 points...thats an illusion, right?
How much did rump add to that debt last time ?
Americans have so much spending, it like all american eat a dinner each day and they dont pay at Burger King, One meal per day per captita in USA. It have to end.
...and as EVERY DAMN TIME, another NON-TAX-PAYER tells us all, 'it's fine, if only we.....CUT HELP to THOSE WHO NEED IT!
Could they not understand where this was heading 20 years ago?
The rich don't care--they will just take their wealth and flee to Europe or South America and leave Americans holding the bag. Trickle-Down has been a scam since 1980 to destroy the US by Britain--to ruin our country.
The US was able to finance its massive deficits with debt, but countries around the world bankrolled it by buying US debt in the form of treasury bonds.
This would probably be the amount of money spent on the projects that Congress and presidents aren't allowed to see as its need to know and creates things like b52 bombers and holds the key to changing everything
We've heard these crash rumors and propaganda and sales pitches for as long as print and video have existed. And they ignore all normal alternatives.
In a few words, USA probably won't get bankrupt but people will do, by funding the interests USA needs to pay, people will get poorer and poorer, the cost of living will skyrocket!!!
You left out Trump giving the top 1% a massive tax break and just before the election telling his wealthiest donors "If you elect me, you are gonna be a lot wealthier" And, people like must are featured but he receives huge government subsidies for all his companies.
A monetarily sovereign country can't go bankrupt
Serious spending cuts would mean entitlements and defense are on the table, but that of course won't happen. So, inflation is the likely answer. If the US imposed yield curve controls (similar to what happened after WW2), you could let inflation run hot but cap long-term interest rates at a low rate. Bond holders then lose because the value of their holdings goes down in real terms, but the debt payer (the US) wins because debt declines as a % of GDP. Do this long enough and the debt becomes manageable again. That is what I see in the future.
Think of how many corporate frauds that have been absorbed by the economy where the fraudulent wealth was too wrapped into real wealth to differentiate the difference. That has created incalculable unrealized losses to the very value of US currency
How much corporate fraud is holding up the current precieved value of our economy
Option #3: Cancel the debt 🤷♂️
But they don't want to do that because money = power
We keep saying we're heading to Bankruptcy but if we i mean our government has to pay off that debt tody it cannot pay it...even in 20 years so is our government Bankrupt or heading towards Bankruptcy?
Gold is going to the Moon, that much is CLEAR. And silver won't be too far behind.
Gold is going to the moon in dollars. But so are other things like guns, ammunition and farmable land.
Better hurry---Saudis started doing military exercises with Iran yesterday. If they stop selling Oil in US dollars, that will tank the value of the dollar. But what are going to do with your gold? Won't buy you groceries...and Canada and Mexico are already turning away Americans.
The entire world is bankrupt
All the spending on wars greed coming back to haunt America
Spend too much on militaries , wars that the consequences
Every president has 2 terms in first term they shpuld spend to get re elected and then in 2nd term reign in the spending but they don't do it and continue spending
No one mentions that United States actually used silver standard not gold.
Sincerely, I’m really concerned about how the current economic crisis and rising inflation have really taken a toll on my portfolio. It's becoming quite worrisome, especially at my age.
I completely understand what you mean. These financial challenges affect older citizens like us more significantly. It's concerning to see our savings and investments diminishing in value. I’m also very worried but what someone I do
Truly the situations are difficult but it has honestly never been easy. What I figured out years back what that with proper guidance, we can predict some of these situations and take advantage of them. Have you considered seeking the help of a financial advisor? I have been working with one since the corona lockdown, and she has been instrumental in navigating these difficult times. She understands the unique needs of older individuals and can provide valuable guidance.
That sounds like a good idea. Could you share some details about your financial advisor? How can I get in touch with her?
Sure! Her name is Melissa Terri Swayne. I found her through a referral from a friend. She has extensive experience in managing portfolios and has been great at adapting to changing market conditions. You can reach her online by just searching her name
she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
If someone owes you a little money, they are your debtor. If someone owes you a lot of money, they are your partner.
I don't know why they keep with this debt/GDP metric! It is completely irrelevant, maybe the U.S. tax revenue/debt would be more relevant. The government is the one borrowing, GDP tells all production for the nation. We can't just print money, all debt is borrowed, we don't just print money.
National debt is completely meaningless.
If usa get bankrupt will other countries get bankrupt too ? As dollar is the main currency?
But it owes that debt to itself! In other words, it's not a debt, it's an imbalance. It's not a good thing but it's nothing like what we all see as bankruptcy - ie, your creditors coming to your house and taking away all your things.
Question; Where is this $30 trillion?? Where did the banks who purchased the initial debt get the money? What happens if the banks refuse to buy the 'debt'?
Surely, until these fundamental questions are answered, everything else is just guesswork. Didn't the government create trillions of dollars (post-2008) without borrowing via QE? And a possible $1 trillion platinum coin that legally avoids the bond market? If the government was going to go bankrupt, it would have happened already as the banks refused to lend post-2008. Is there another reason?
If taxes pay for stuff, where did the money originally come from? Who actually creates the stuff?
What are you talking about tax rates arent "historically low" lol. Look at the individual rate during WW2
I think the politicians that spent our money in all the wrong ways should have to pay high taxes and pay our debt back. Our government is the problem
I think you're falling short at saying that another reason of a lot of debt is because all the tax cuts to the wealthy. As the ecomist 14:16 saying, all the transfer of wealth from the common people to the billionaires is the reason of our problems.
Get out of debt and stay out of debt. Accumulate physical silver and gold. Stockpile nonperishable food and basic necessities. Stockpile weapons and ammo. Start a large garden and preserve food (canning, dehydration, freeze-drying, smoking, pickling, etc.). Go off grid and live very frugally (minimalism). Then stay out of the way as America collapses.
The only problem with that is security. America can no longer guarantee the safety and proper affordable medical care of it's citizens. If you are raided, seriously hurt and robbed clean, what do you do then?
Raise the volume a bit next time please
4:17 No, 1970 was not the year debt went out of control; look the the graph yourself. It was the years 2000 or 2001.
They still try to hide the reality but who can say they bought a new car because they needed one and not saying it's a gift i made to myself?. So do the work, cooking, cleanup and sleeping and you will still be in debt for the rest of your life. This is the new reality.
Uh huh ...
And so how, exactly, does a flat 20% tariff against the rest of the world and spurring other economies to ditch T-bills, reduce reliance on U.S. supply chains, increasing pressure of USD global reserve status, and causing greater inflationary pressures on the USD while cutting income and corporate taxes on the wealthy solve that?
I mean, austerity has been tried umpteen billion times throughout history but this time it will work--Oh also, with runaway tariff-based inflation while decreasing gov't revenue added in for good measure.
Because if something had a slim chance of working before, why not add *even more* straw to the already broken camel's back?
Econ 101. Again, where does the money go? Austerity always causes recessions because extracting money from the economy causes it to shrink and, therefore, a loss of confidence spiral into depression (i.e. 1929-1933). Why hasn't Japan 'gone bankrupt'? Why have they not got hyperinflation? What happened to cause the lost decade?
It would be best to do more research before attempting to reach a conclusion, let alone suggest a clean-slate answer. May I suggest the 18-20th-century economic history of the US, France, Japan, Germany, UK, and Nordic regions, looking at booms and busts, rentier class structures, At least Classical (Smith and co), Marxist, Neo-Classical (Marshall) Keynesian and Neoliberal (Friedman and Hayek) economic and here is the keyword 'theory' not science.. Banking systems and how gold standard actually works and its history, why the bond market even exists in a Fiat economy, take a look at Bretton Woods. Why was it abandoned, and what was the effect of communism on Western economies? Note that the golden period of capitalism (1950-75) was Keynesian, and during the Cold War, the question is, why?
Just reading a book from Econ 101 Chicago School of Economics can lead to oversimplified conclusions that, as we saw in the past, lead to even more societal division than at the beginning of the 20th century!
Isn't Social Security self funded? And doesn't it in fact generate tax revenue on benefits?
All US politicians should take a big pay cut. See how they like it? Oops sorry they will just do more insiders trading.
Slice government spending by 25% and reallocate. Social Security and Medicaid by 10% and military by 30%. The rest uniformly. Abolish many other sectors outright. That’s 2 trillion. In 10 years half of the debt would be settled. Tax reform and economic take over.
Good luck getting re-elected in 4 years with unemployment at 15% or more.
Public debt does not matter. The real problem is private debt.
To answer your own questions, focus on BRICS doings, not in the dollar
Way more money goes across the pond than stays in the country
Hopefully, Trump will be the first non-politician (and do better this time) to try and get us out of this mess.
Trump should know having been bankrupt 6 times
Well they say they will print more money but they forget that 3 quarters of the world is moving away from the dollar
cooper you used to focus on investment portfolios of super-investors, that was much more enjoyable content than fear-mongering about debt.
yeah, now the channel is slowing going into the fear-mongering. There's nothing like starting a vid with two quotes from two scammers Elon and Robert Kiyosaki, who's been scaring people into his investment courses for the past 18yrs. Seriously, just pull up one of his old UA-cam videos and you'll see he's been spouting the same scares for a long time.
@@secretysecret1551 i AM relieved he didn't end up pushing some scammy gold sponsorship.
Hmm more trying to investigate the debt situation. It is something that I am concerned about with regards to investing in the U.S.
@thecooperacademy new to the channel. You're doing God's work sir. Keep doing what you're doing. Not enough people / entities are talking about this. Keep preaching it until wake and understand how big of problem this is!
The massive debt of US affects long term investment performance
They need to do all three
Didn't japan sell assets such as gold to correct it's currency issues way back maybe a couple times even
After 4 days and 15K views, the top comment is an investment scam. Not good.
But the gimme American capitalist ethos tells people their taxes are too high; it is assumed that taxes are axiomatically bad - for everybody at every income level. This ethos produces precisely what one would expect!
sure right when I go to collect my retirement money they go bankrupt. Who saw that coming?
if kyosaki is your expert.....please..btw trump alone in 4 years accounted for 7 trillion or almost one quarter
THIS IS HAPPENING THEN HOW IS THE DONORS PAYING THESE POLITICIANS? IN GOLD?
Us assets exceed liabilities by a large margin. Oil and gas assets are well ever $100 trillion vs liabilities of 90 trillion.
It's called default. All the scary stuff you heard about in the Bible will happen during the time of DT.