The US National Debt Can’t be Repaid
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- čas přidán 12. 09. 2024
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So, if prices go down…we screwed. If prices go up we’re screwed. Awesome.
Stagflation time ?
Land of the free right lol????
We need to mine those asteroids then we will that shit off.
Sounds like... we're screwed!
@@Trashpanda888 Funny thing, we’ve always been screwed it’s just now we’re seeing it with our own eyes. No public trust in elected officials.
Thats why half of congress is so old because they will be gone when sh*t hits the fan and they cant be held liable any more but their kids will still have all the money that they stole. Its crazy
Chalk it up to greed. Every politician wanted a piece of the pie. We ran out of pie. But they don’t care and now they are eating the baker.
Yet people continue to vote for the same politicians
Murica 😂😂😂 🤡🤑🤡
@@arthurcainiiI mean Trump exists and he’s trying to save us, so probably you should vote for him
I laugh
Thank god for our 2nd amendment.
Reminder: very rarely do the politicians suffer for their greed, mismanagement and corruption. It’s always the worst off and the average Joe that gets hit with the consequences.
Translation: if you want change you need to be adopt the mindset that politicians should be afraid of you and upsetting you, rather than being afraid of not getting elected.
We just need to stop voting career democrats back into office. Between Biden and Obama they added roughly $12 trillion MINIMUM to the existing $34 trillion debt during their tenure as President and that is just insane to think about…..
Because they don't run things. The banking cartels and fractal banking is the real issue.
Authority without responsibility is tyranny. Responsibility without authority is slavery.
I found it funny that they can't payoff their debts but they expect me to payoff mine😂
Exactly 😂
Congress will just use their Federal Reserve credit card because most people don't understand that creating new money (all else being equal) causes consumer prices to go higher.
💯facts
That’s because their debt is our debt and they expect us to to pay it off smh
you should you are lazy
Bailout after bailout, no responsibility, no accountability.
War after war
And the people who need the bailout will never get it.
At my work we call it the F up move up program.
California has increase their debt by three times since the last 10 years...and each time the Federal govt. bailed them out.
Buy BTC...keep in cold wallet and put under the bed for 10 years...
Once again I’m expected to balance my budget down to cents but all these professionals can’t get within the same trillion? Ridiculous.
Ah you started to realize that the word "professional" actually means "ripoff"
Well realize all this stems from our prestigious "college educated" crowd which essentially they get ripped off to go to school all to avoid physical labour. So now they gotta rip off us blue collar workers to make their money back. Meanwhile Ivr made $15 an hour for last 5 years and am told to make it work - cut my budget.
Facts
Myth #1: the US government owes $34T.
“Well it turns out there’s actually more, in the form of unfunded obligations, that totals somewhere between $135T - $220T”
Lol
I really hate our government
Amen. I hate both sides of them. Dems and republicans.
Go check out somewhere else then
@@THOMPSON8787🤦♂️
@@THOMPSON8787 boot licking to the max
It's not your government. It belongs to the oligarchy.
i remember learning in high school during the 90s that the national debt was around $2 trillion, approaching $3trillion. now we're at $34 Trillion. that's insane. my Economics teacher told us that there would be no money for our retirements. I doubted at the time, but now i believe it.
No money for retirement, yet still need to pay for the national debt.😂😂❤
And in 2001 2 trillion dollars went missing from the government
congrats bro
at least u knew the truth now, so let fix it
Hijacking top comment, but when are we going to actually start talking about the problem aka fractional reserve banking and ending the federal reserve?
sucks the average American is getting destroyed for other peoples mistakes.
Not mistakes it's not an accident its all by design
It's not other people's mistakes. It's ours. This is happening on our watch, and we're doing nothing about it.
Getting destroyed because the gov won't tax the rich
Fiat currencies at their best.
Stealing from future generations to pay for current peoples wants.
@@downrightmike the political class running the gov ARE the rich.
The system is actually designed to never be able to be paid off. Simply because if our government borrows $1 from the Fed, they owe that dollar back plus interest which by default means more money needs to be printed to pay off the original debt because they only borrowed $1 originally. Yes, they literally need to take on more debt to pay off their existing debt. That was designed into the system on purpose.
Print money out of thin air and be the only supply. Charge interest. Literally money is made up by the shepherds. The whole world is an illusion of freedom.
The American dream ended when Woodrow Wilson implemented the central bank in 1913.
@@Crocos1worst president in history, maybe slightly better than Andrew Jackson.
Cool it with the antisemitic remarks@@peckop1793
@@ZenkryptSo.. literally the only president who has paid the national debt ?
I hope you are being ironic.
And yet, this is OUR fault somehow. And incomes most definitely will not skyrocket.
They have to...or it's game over
We’re getting slowly bled dry.
Ofc it is. Stop buying from pedo corporations, stop nominating pedo politicians…🙄
Your incomes will increase but not as fast as the rise in prices. You’ll having millions in currency but it’ll be worthless and you’ll be destitute in real terms. This reality has played out in country after country but the drug of short term debt spending overpowers the urge to save the country for your children.
Maybe explaining the magic words…BORROWING MONEY…..in trillions might solve some of the mystery of debt.
Who has that kind of money?
And why they raised the interest rates?
Who is in reality Federal Reserve?
And elaborate even further in this kind of misconception of borrowing and not just spending.
They will do this all while pretending they are trying to fix it.
We are trying to fix it.
"Charade".
@draghn meanwhile, back at Treasury.
@@draghnwho is ?? Cuz I feel like I’m getting fucked
And pretending like they have no idea how it happened.
Our politicians are too narcissistic and entitled to want to stop overspending our money. They don't care, they're out for themselves.
Pretty much
Keep in mind, that the lack of taxation and the ridiculous loopholes for both very wealthy individuals and corporations are contributing mightily to the current situation. One only needs to look to the past to see the vast difference between then and now. Close these loopholes and magically the deficit and funding for social programs that we mostly all value, (i.e. Social Security) magically self heal (and SS is less than 1% of the federal budget).
Your money is going to Is real for aid
Reduce the size of Government ...which is corrupt. The load on our taxes base is too large. Vote these clowns out.
@@ForeverDownByLaw About 50% of workers pay no income tax? Maybe they need to step up. The wealthy are already paying most of the income tax. The government isn't spending $2trillion more than it takes in because of programs like Social Security. It just keeps coming up with ways to spend more money. That needs to stop. The 2021 Build Back Better $1.7 trillion?
Even when the inflation makes easy for governments to pay of thier debt. Still they have to take more debt to keep the same spending. Instead of spending 7 trillion. They have to spend 21 trillion to keep up with inflation. This doesn't make any sense. You can't explain inflation and debt like this.
Is that not the point? Essentially that debt is never getting paid it’ll only increase?
Yes, they would need to take on bigger debts, but the thing is that the old debts, the ones which are decreased are going to have to be paid off first.
So, the US goverment doesn't want to stop the train rolling even if the number gets higher and higher.
It's like we're buying drinks all around. We had to borrow to get through the year. This year we're buying drinks all around and ignoring last year's debt.
Vote Them All OUT
Wouldn’t matter, anyone that replaces them will eventually get corrupted. It’s the human factor. Maybe we need AI politicians.
@@5dc61 AI isn't truly AI yet. It still has bias because it's knowledge is based on datasets built by humans, who are bias.
How cute...you still think voting matters.
Impeach them out!
How????
Inflation happens wages remains the same.
We need to get more oil to sell we are not making new value or money in the us we are just recirculating money which literally goes nowhere
If wages increase then so does prices as well increase in monopolies and increase in unemployment, retirement, welfare. Less income, more debt.
@@worlore1651 In case you haven't noticed prices have already gone up inflation is outrageous and yes, we just have stayed the same. These companies can afford to pay more but they refused to do so.
@MyerShift7 and to add. Idiots like you who fall for this shit because it sounds so good. End up fucking not only themselves over but everyone else. They make the original problem worse then once again demand the original catalyst like minimum wage increase so the cycle continues. Wake up. Government doesn't like you. It doesn't care about you.
I mean that’s just untrue. Wages have gone up… Maybe not enough, but the have gone up.
If we the people spend money like the govt does, we would be on the streets.
One 1 check away from being on the street
You can't create money. The government does.
Look in the mirror. You elect the government.
@@Fedgery007 There are millions of people in government - 99% are not elected.
People are unless you blind
Uncontrolled inflation without the increased wages to go along with it will lead to conflict, something has to give.
The government is currently importing huge amounts of people to account for widespread anger from the working class.
@@AryanManIamexactly
just say biden is puppet😂
@@AryanManIammore people = more taxes
"everything's gonna go to....CRAP!"
I Felt that in my bones, my paycheck, my taxes, and all of my monthly expenses. 😢
You know he was thinking the word that we usually say in this phrase...
😂😂😂😂😂💯💯💯
Real news and no clickbait😊 appreciate the truth
Great explanation. I feel embarrassed to explain this situation to my kids. I left Cuba more than 20 years ago running away from a corrupt government. Now, I feel trapped in the USA with another crappy government.
It’s crappy because our president is crappy we need trump they all want him to get oht
@@corpingtonsYou are totally lost in delusion-ville😂
@@phatmantv more like he's lost in delusiontropolis
@@corpingtonswas this sarcasm? Because you do know Trump added more debt to the nation in 4 years than any other president. His one and only achievement was putting this country even further in debt, he is the last person we need in the white house.
@@joshuac1876 - It doesn't matter who would have been there during the pandemic. ALL of the dems and gop signed off on the CARES Act. The only person who didn't was Thomas Massie and he's a libertarian.
The problem with inflation is that our government is not trying to pay off the national debt. Instead, they seem hell bent on spending more.
We need to cut congress pay to 40k per year
No, to federal minimum wage
that's a great plan if you want bribes to be mandatory, or only already rich people to be able to do the job
Then we’d have drug dealers and crooks in congress…..oh wait…WE ALREADY DO.
We need that. But only regular people can work it. And donations, are punishable by deletion
Realest shit I've heard all day
I worked in the government and they literally do not want you to save money. If you get 1.5 million each quarter and you have say 250k left over they basically force you to spend every last penny. Their thought process is that if we don’t spend it, we won’t get the same amount next year.
Yea and then when they use the money where is supposed to go they fixed the busiest roads during the day. Like man 3am is pretty empty.
I saw the same thing in doling out gov't money to research programs. The first thing they ask is "can you spend the money?" Leads to corruption, graft and waste.
Ditto. Our program is encouraged to spend it all for fear of it being reduced next grant cycle. At this point I don’t know why, it’s always reduced regardless.
That’s exactly how the Military bases are.
I mean that's departmental budgeting. It's lazy (but good enough for government work), but I don't think they "they" care as much if people save money, as long as cumulatively not too much is saved. Of course feelings on the matter change depending on the government official's personal views, socioeconomic status if tied to self interest, and where they fall on the political spectrum(s).
Happy meal is now a sad meal.
😂😂😂 yup
Ye literally
It isnt even sad, it's pissed off and extremely k.unty
If you're smart enough to realize it's not food then it was never happy. Please stop making your child eat fake food!
❤😂❤
I just can’t believe technically it’s legal to pay someone 7.25 an hour in this country.
No one should be paid an hourly wage. We need to be paid based on accomplishments
Why? That has absolutely nothing to do with government spending.
@@jstewart627 never cook again.
The average in Europe is $5.84. Check Asia, Africa, and South America. You should be able to pay someone whatever they are willing to work for and you wouldn’t have so many lazy people
This guy completely glossed over his statement of “but your salary probably won’t keep up with inflation”. That is the entire point.
It is not the point. It is the effect. No boogeyman is out there
@@nile7999it is VERY much the point. It just depletes urrr beliefs.
@@nile7999 salaries are up only 10% since Biden took office. Inflation still needs to come down -40% to get back to Trump levels
@@Topjunkie-r4sIt's not coming back down. Fractal Banking Reserve is the problem.
What is the difference between Thanksgiving Day and Election Day?
On Thanksgiving, you get a turkey for a day, but on Election Day, you get a turkey for four years.
😂
*Good analogy.*
😂 Sooi true! 😅
We also get stuffed for four years…
🤔😂😂
We need to do what Argentina did. Abolish unnecessary government and tighten the belt. Stop sending billions to Ukraine and other countries! This is insanity on steroids.
Argentina appears to be in worse shape than the USA.
But they seem to count on the US Currency to save them,
as the US Currency begins to lose value.
I hope you know billions is penny’s compared to our overall spending budget. Going to have to cut alot more than foreign aid.
Could use Bitcoin instead
Our forefathers would be pissed
It’s to radical for this woke cou try
The problem with this conversation is that wages are still stagnant with most companies, lol
The government uses my wife's math when she buys things lol. "I saved 200$ on those clothes that I didn't need, thanks to that sale I could have ignored."
Lmfao that’s hilarious
I looked at your subscribers Leroy. Unfortunately, valuetainment has promoted MLM. Additionally, Donald Trump has promoted MLM for 10 leading up to his 2015 presidential campaign.
The government is using Kohls Cash math!
Why is it that every single wife that I know thinks this way
@@davidnguyen270it’s genetic. Women have an aversion to analytical thinking and forward planning. Men are providers women are consumers. It’s all evolutionary psychology.
Bryan -the problem is most people don't make over $50k a year. We can't afford price increases they way it has been going. Our wages are NOT increasing!! I don't know anyone that I work with (over 30 individuals) who make over $55k. That is the max!!!
My wife and I both make over 50K per year, and we are still living paycheck to paycheck, hand to mouth! This isn't right!! The system is broken, and it'll get even worse before it gets better.
30% of my high income goes into taxes, so it’s not as rosey as it seems.
The scary part, it’s only gonna get worse. There is no other way out. You all need to prepare…
Average salary last year $59,650
Collective bargaining.
Basically, the math aint mathing!!!!
I’ve discussed this for years with clients and investors.
The other layer here is that inflation also helps the government “artificially”increase taxes.
Consider a controlled example: you buy 10k of some blue chip stock.
Now we all buy stocks with the expectation the price will go up thanks to the company’s performance.
But for a simple example, say the company’s performance stayed flat. But thanks to inflation, after 10 years, the stock price is up and worth 30k.
So you sell, happy that you made 20k. But now the irs gets as much as 23.8% of that phantom profit they produced via inflation.
I never realized this. Thanks for the info.
I wish that the average American citizens can understand what Brian just talked about. People need to understand that our country is facing a serious financial issues.
Just buy bitcoin. Problem solved in more ways than one…
@chingron same goes for any asset in an inflationary environment. Bitcoin is not special in that regard
It’s absolutely tragic
Moral of the story is, buy assets or get left behind.
ammo and water's my strategy
Easier said than done, all the worthwhile investments are already owned or are massively overinflated to where only the rich can buy them. Can only get lucky with some long shots
@@SA2004YGseriously, I’ve met older folks all the time with my work that own anywhere from 5-10 homes. It makes me despise them
@@DylanT18 Wow! You hate because of jealousy? That's sad! You should try reading the Bible - NT.
Exactly
Smaller government is the answer, but nobody *in* government is going to sacrifice their own job or their cronies to figure it out.
on the other hand, they will fight like hell to preserve their jobs and employer.
No kidding, fancy gangsters,licenced to steal by stupid rules in their favor,thell be no government if there is no economy 😊
It's one of the answers, but the biggest and best answer is get rid of corruption in our government, which would mean starting over. Corruption is everywhere!
100%. Reduce by 50% plus.
If government employees were given the right initiative, in the 'Spirit of Competition'; I think they would turn on each other and sell their respective cronies out!
I love the new video creation you did, keep up the good work, it's much more easier to follow when you do pictures and text like this.
Finally, this is explained where the common American can understand! I’ve been trying to tell people this for years…
For those wondering, banks shy away if your debt to income ratio is above 38%. The US government’s DTI is 1,697%
For governments, the Debt-to-GDP ratio is used. US DTG ratio is 121.7% (end of 2023). It sucks, too.
This checks out. It’s always rules for thee and not for me with government.
😂😂😂 brilliant
I’m surprised it isn’t more, tbh.
@@yanceymcdonald6017 Thanks for double checking the math. If we’re going to be mad, let’s at least get our stats right 👍🏽
When credit karma tells you your homes worth 150 more then it was 4 years ago ya know it's crazy
Credit karma is in real estate bussiness?
Problem is ¿Who's gonna buy it at that price?
@@reneestevez71931 of the 10 million illegals let in.
@@reneestevez7193The ones that convinced you regulation was opression.
if so, you'd better sell it and move somewhere MUCH cheaper, putting the (after tax) money into gold coins, which you scatter-bury, at night, leaving no trace and showing no light.
Love the point about "cutting the deficit". I feel like politicians and journalists use cutting the deficit as a bragging point for their side because they know most people think that means they cut the debt.
The problem is inflation goes up but the wages stay the same
They need to keep the masses poor - inflation is one of their tools.
But with minimum wage, the problem will be that people will complain about the wage, and so the wage goes up, and then inflation occurs again.
@@Joshua-LouMorrisSalvador Poor people are not the ones causing inflation - poor people do not set the prices.
The problem is that the government is showing no signs of stopping the deficit.
This is exactly how it works
Maybe the federal government should stop buying Starbucks and avocado toast and pull themselves up by the bootstraps!
Our country will never get out of debt- too much unnecessary spending!
They've been doing this for decades. We're paying for it
Too little necessary taxing of the rich
@@Hdc2390yup look at the cost of living because of the government
@@downrightmike The rich don't have enough money to keep up with government spending.
So basically it’s their fault, but our problem? …. Got it
Pretty much.
Thats why half of congress is so old because they will be gone when sh*t hits the fan and they cant be held liable any more but their kids will still have all the money that they stole. Its crazy
Look in the mirror. You elect the government.
@@Fedgery007 I don’t elect shit, I don’t like either side nor either candidate…
The people who lose are those who are responsible enough to live within their means as well as those who are on a fixed income.
Would you mind explaining why this is?
You are absolutely right. The treasurer already decided that is going to be the way to go. Americans are going to be shocked when they realize that the USA is completely broke. I see poverty in massive numbers.
Thanks for honestly telling us how deeply f****d we really are. 🙏
Thanks so much Brian for always keeping it real. It's scary for a working class person like myself with a annual income of around 60k. Out here doing your best but the reality is you have to figure out how to do even better because our government can not get their stuff together.
$35 trillion.
To put that in perspective, it is nearly FOUR TIMES the combine value of every last gram of gold humans have collected on earth throughout all of history.
Literally meaning all the gold in the world wouldn’t even pay off 25% of the current debt.
People should really let that sink in with how severe the issue is. and BOTH parties got us here.
Even slashing spending over 50% to make payments on the debt would take over 100 years to pay the current amount off.
We literally cannot afford to be giving free handouts to ANYONE.
The only roads ahead of the US are either default, or hyperinflation. And we are set up for it to be high inflation.
Here’s another perspective. 35 trillion one dollar bills laid down end to end would stretch all the way to Pluto.
@@dystopianapprentice that one is false. It would take nearly 77.7 trillion dollar bills for that.
That's the real WMD
@@Slamscape Don't worry, we'll be 77 trillion in debt before too long.
Another option...CBDC.
So glad I found your channel. Informative, truthful, and thought-provoking.
Talk about it.Everybody's just so sick.Nobody even just trying to understand anything other than their struggling and suffering
Once again, you have illustrated a difficult issue in a way that everyone can understand. This should be watched by everyone, especially the politicians, students in collage and high school students. Thank you.
What about the increase in property taxes and home insurances and rising maintenance cost associated with owning a home? There are a lot of "cost" beyond the fixed mortgage payment that could force a home owner to sell
This is the disturbing truth that we all pretend to forget because the reality is scarier than we want to believe. Thank God you are spreading the truth to those who still haven't opened their eyes 👀
You hit the nail on the head when you said “let’s pretend the government doesn’t go further into debt”….. this plan of inflating the debt away will never work
So all the people on SSI and SSDI are going to be homeless and living on the streets
nah, there the ones still voting in the sideshow, they outnumber us 3-1
I plan to move in to AOC's home, or the beach front home that Joe Biden owns.
how come when you 'buy' a house and 'own' it, you still pay 'property taxes'? doesn't that mean you don't really own it?
Government owns the land we own the house that’s the only way they can continue to profit
dont pay your property taxes then you will see the real owners...u r just renting
You'll never really fully own anything the government will always own it. They can take it from you even if you pay thousands of dollars and think you finally paid off your mortgage. Nope wrong .
Never really "own" anything, it's rented from the government. It's like that in mostly every country.
@@journeyisending😮
How come everyone's debt doesn't lose value with inflation? Interest makes sure that can't happen to ordinary citizens
In 1976 a motel room was 5 dollars a night that’s the American dream
thats awesome, friends always said I was born in the wrong time frame
Until we spend money on useless trash
I definitely agree. Inflation helped out a lot of people who have big loans. Especially those with mortgages. The people who waited for the crash, got screwed.
This statement only works if your pay outpaces inflation drastically. If not your screwed like everyone else. And the people who waited got screwed.
Started watching you in 2018 as an accounting student, so happy to see you woke up too!
Once the dollar was unpegged from the Gold Standard it was over from there.
Runaway inflation started
One area you did not cover. There is this assumption that along with inflation, the salaries of workers rise with it. If that were the case, all would be wonderful. However, that is not the case. Salaries remain stagnant. So the average person is becoming poorer and poorer as time goes on. It will get to the point where the citizens revolt.
Never happen. Americans don't have the will or the stomach for it
But there’s not enough places to live
All the money they are sending overseas with American tax dollars could fix every problem with America and if they taxed the corporations they could pay the deficit they know how to fix our problems.
Thank your dual citizen politicians and those bought and sold by the pro-Israeli lobbies.
100%
They’ve gone beyond sending it overseas … they’ve now included paying for the millions of invited new, permanent citizens. They are paying for them and they will have to continue to pay for them. Additionally, they have to live somewhere, so housing is never going to go down.
All by design
Yeah tax the corporates at 100%!....
Oh wait why are there no businesses and jobs...
Truth is its nowhere near that simple.
Cut spending to 4T and you'll pay it back in 34 years.. and so on and so forth.. CUT FED SPENDING!
Nah, bc that'd be assuming we pay zero percent on the payback
@@germanstudent06Good point well made.
The civil servants will never cut spending as they're the ones the money is being spent on!
@@germanstudent06there’s a reason why Jesus flipped the tables of the usurers
But then how will politicians and lobbyists funnel money into their accounts?
Appreciate you still going at it. You put up ease to use content for taxes and etc.
We're so screwed in this country.
Screw or be screwed comrade.
@@dis4980 it's hard to screw when you're on the bottom with no way up.
Not just government debt, private debt is rising. People are borrowing to keep up with inflation.
The problem here is the cost for companies who employ people also goes up, so they lay people off to compensate, now most don’t have jobs, so even if income goes up, if you don’t have a job, how can you benefit? Everything just becomes unaffordable, now your starving living off the streets
You nailed it! Thank you for explaining it.
We are basically screwed. It amazes me how the politicians can't manage the budget, but they sure can triple their incomes while in office. The numbers speak for themselves.
This is scary, knowing that your retirement is at stake too,
Government overpromised on Social Security. Inflation is double of official figures. More inflated dollars will go into Social Security as inflation goes up while payments are reduced in real terms. This will partially fix the problem, bad for old people without assets. Medicare will also get more money because more people will hit IRMA penalties because their income is high.
@@raybod1775 Not to mention the fact the government took money from SS and didn’t pay it back.
I already gave up on retirement
Don't depend on retirement. Can't even depend on the value of the dollar.
The money they are giving foreign countries should go instead to shore up SS and Medicare and they need to keep their fingers out of it.
That foreign aide money was created out of thin air, it's pure debt, doing the same thing internally instead of externally would not help anything and would probably increase the inflation rate even faster than sending money overseas.
Agreed.
They need to cut those programs.
They probably will have to at some point.
350T unfunded pension liability.
Do you want to keep your pension or your house? That’s where they’ll get the money from. Raising property and income taxes to cover it.
Do You know why our government is doing this? Besides they are fking idi@ts of course. The real reason.
👏👏👏👏
Neither party is interested in reducing the debt. And people have their hands out wanting the government to take care of them.
Happy Memorial Day to you, Brian. I see that you're on the job when the rest of us are having a holiday. I want you to know it's much appreciated, BROTHER!
BRIAN IS THE PODCAST 🦁LION (the Walter Cronkite of podcasts)🏆
Why don’t they at least TRY to stop spending so much?!?!
Why do that? It’s free money they aren’t responsible for. Always fun to spend someone else’s money
He covered that in the video-it’s greed
because the inflation isn't being caused by spending, it's mainly in rent and insurance.
Why do YOU think?
lol they are getting paid off of it. It’s a big circle
You’re an intelligent financial teacher!
We need more people that are telling it like it is !
Thank you, I appreciate your videos. The insanity is out of control. 😢
you should keep doing your videos in this sytle!!!!!! super cool, i can finally understand this subjects
The main issue is our paychecks are not inflating at the same rate as everything else
Yes, of course - do you think that they want you to be rich?
Correct we need more housing and more money from other countries
Rich people paychecks go up
Answer is to decrease spending
Buy assets and get rid of liabilities. That's really the only thing you can really do to protect yourself. Then pray they don't confiscate your assets
That's always the goal. You're not saying anything profound.
@@maximo6037likewise.
Yup!
They will confiscate your assets if shit hits the fan. They will pay you back the cash value though...... Buy Bitcoin.
The US would never confiscate assets like they did with gold in the 1930's oh wait.
I wish we could do something about the Corruption!! It’s not fair that they are spending and spending and then we have to pay it back …. I wish there was something we could do. Thank you for always being straight forward!!!
Don't worry, we won't have to pay it back...
Only difference - many of us DO NOT get increases in income, even over a 10 year period, as we work for non-profits that don't give COL raises most years!
But the board do.......
When you say it will be easier to repay an inflated debt. That is assuming your income continues to increase in deflated dollars. But in a depresssion, your income usually disappears, leaving you, still, with a debt you can never repay.
Spread the word the moment you say something people start blaming political parties without realizing what your saying has been the status quo of who ever has been in the administration over the past 40 years! People keep playing red and blue unfortunately
In 2 years, national debt will be 1 zillion
No- it will be 1 Ka-zillion. Get your facts straight 👍
Holy shiieet! How many zeros is that?? They didn't teach me that number in school!! The math isn't mathing, does not compute..
Holy shiieet!! How many zeros is that? They didn't teach me that in school!! The math isn't mathing!!
That’s more than Mike Myers (Dr. Evil) can comprehend.
1 morbillion
Loved the visual illustrations. Please continue every so often in this way with different concepts.
One thing I enthusiastically disagree with in this video "inflation is going to sky rocket but so is your income". Nope, the current trend from the last 30 years or so doesn't seem to track here. Even more so since COVID. The disparity is growing due to wages not increasing while inflation in the public and private sectors increasing. Sure, it has for some, but not for the majority.
I hate this administration. Yes, HATE.
It’s the entire system not just this administration, the Trump, Obama, and Bush administrations all did the same shit. It’s a bipartisan issue! You should know this by now.
It has been EVERY administration since 2000.
@@ayannap6423 💯 If people don't understand that by now, we will never find the answers.
They are all the same stop fooling yourself !!!!!
Meanwhile Trudeau has racked up more debt since 2020 than all previous cabinets' combined.
Like I said before, WE ARE SCREWED! Thanks to the politicians!
Preppers are not screwed u are .
Hey Brian, great video. It would be great to hear your perspective on what needs to occur in order to address the upcoming collapse. It’s hard to even reason with the fact that they are steering us in that direction.
I hate the federal government so much that it’s impossible to put it into words.
Still watching from Alabama. Thanks Brian
Hi Deborah! I hope you are doing great and all is well in Alabama!
I can't afford to buy eggs 🥚
Same