How US' Staggering $34 Trillion Debt Can Trigger a Global Rebellion | Vantage with Palki Sharma
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- čas přidán 30. 01. 2024
- How US' Staggering $34 Trillion Debt Can Trigger a Global Rebellion | Vantage with Palki Sharma
The United States' mounting national debt threatens to upheaval the global market. JPMorgan CEO Jamie Dimon has said that Washington's current debt level stands at $34.14 trillion, which equates to roughly $100.000 per US citizen. This, according to Dimon, is driving the economy towards a 'cliff'. Palki Sharma explains how this debt could trigger a crisis that might impact the world.
Also Read: www.firstpost.com/opinion/van...
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United States | Debt Bomb | Global Risk | JPMorgan Chase | Jamie Dimon | Firstpost | World News | Vantage | Palki Sharma
#unitedstates #debtbomb #globalrisk #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories - making Vantage a destination for thought-provoking ideas.
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Invest judiciously, 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.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
This is exactly how i wish to get my finances coordinated ahead of retirement. Can you recommend the financial advisor you used to get ahead?
Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call. Her expertise is impressive, and I'm eagerly anticipating our conversation.
@@Joebiladen159.thanks Ai Joe Biden
I feel sorry for the U.S. citizens.
While the U.S. prints to pay off its interest on the loans it borrowed from other countries. The inflation rate in the U.S. skyrocketed, raising the cost of living for U.S. citizens. That is why so many are homeless and can't afford healthcare.
India have the highest debt in the world at 45 Trillion. But India will still say they are better than the U.S 🤬🤬🤬
India have the highest debt in the world at 45 Trillion. But India will still say they are better than US
Its less than 3 trillion dollars and Indian debt is national debt, US debt is external debt@@Ismael_Zambada_Fan
7.25 minimum wage average in America too
$7 wage per hour for American citizens.
Of that $7
$3 goes to the US Military
$1 goes to Ukraine
$1 goes to Israel
When a country's elites keep getting richer, ordinary people struggle to survive and the country's debt increases exponentially, you start wondering about whether these events are interconnected.
They are.
I ain't wondering, it's all happened many times b4.
Start wondering? You been robbed! Your standing in the street naked wondering if someone took your clothes.
@@Number6_😂🤣
By then it's too late as planned
You are witnessing the decline of an empire. It is following the same patterns as all other empires that have fallen, endless wars, galloping inflation and depression. It will fall HARD
Decay of an empire always begins within, historically speaking.
Empires decline,new one emerges.Happens all throughout the history. I know china will emerge as the new powerful empire in this 21st century , then after maybe India.
After one Century, every empire starts showing cracks. I can say this coz I'm from India and that's the average. If you want to sustain an empire for centuries, then the people should be strictly disciplined and cheating needs to be avoided which isn't the case with US
Wishful thinking
@@ChimCho I don't think so. All the signs are there. Historians are saying the same thing. The question is, to what extent will America drag all the other countries down with it?
We owe ourselves this rebellion .. enough for the US leading the world
With out mother Africa your would have not exist
You can’t even lead yourself, let alone the world!
@asakurayoh3909 actually we do way before the west even saw civilization.. all what we need for the west to keep their nose before their hands out / off all of our matters to thrive
@@coachfive9656 what you people history is are so delusional and hateful and backwards you people are suckers for the defato government contracts
@@coachfive9656 because you just got used to suck our resources and claim to be civilised
It is starting with BRICS+, eventually many countries will distance themselves from the US dollar and the US. If you want to be the hegemon of the planet, it is an expensive enterprise.
The problem with the BRICs is the ultra-rich of all countries have their wealth in US dollars.
True. And by the way, India will never be an amplefier of Chinese power. India is a world of it's own, with 1,7 billion people in 2050. They play their own game. They don't want US hegemony, but want Chinese hegemony even less. @@koschmx
@@laurenzkahlenberg552 india with inferior jealous mentality
A multipolar world is going to be a lot more chaotic than people realize.
@@fosterslover I agree with you on that point. The only way the West can convince countries to trust it, will require serious work. Pick up any history book and the West does not really shine. The fact that the West can sanction anybody while remaining sanction proof itself, not a good thing. Moreover, the West would have to give up its mastery of duplicity, hypocrisy and double standards.
800 billions dollar military expense is not a joke more than many countries gdp
And lost to Taliban 😅
So start defending yourselves 😂❤😂❤
Just to keep the military operational, salaries fuel and etc.😂😂 imagine in 20 years how much bloated would it be
Indians spent all their time BS about China's Debt Trap. They built roads, ports, trains, power plants and factories around the world. That costs money and needs loans. Those are "good debt" that are the basis for the nations economic development and social uplifting. Those are NOT "speculative debts" that you borrow to gamble your life away.
There are 130 nations in this planet got involved with BRI. Over 5000 projects at work. Many have been successfully completed and in operation. Yet all you BS about is Sri Lanka port.
So, Indians, if you have common sense, you will know the difference between the Chinese Infrastructure Debts and USA Speculation Debts. They are totally different things. I really think you know. But you still trash talk about China. The problem with trash talking about China is that you eventually actually BELIEVE your own BS and won't make the right decision. So, trash talk has serious real consequences.
Fake money 💰 you right
One last throw of the dice before brics shouts jumanji
Dude 😂
I can't wait 👍🏽
Brics is going to the next level fastly
Good one .
we are all trapped in a board game .....what an analogy !
The news about this debt crisis isn't even mentioned once on any western news channels... that's a really sad reality for a democracy.
They r busy publishing news reports against the other parts of the world.
Because the debt isn't America worries. Palki is only hunting for news she'll blow out of proportion to tickle her Indian followers ears, who have been dreaming for the fall of the US and China. The debt owners are not complaining because they know it's safe and secured. The debtors and not complaining because they know they'll pay
Why is it Palki's and her followers worries?
Let Palki focus on Indian debt and how they plan to pay.
What are you talking about?
I've seen the American debt crisis get talked about on multiple of the channels and media outlets that people like you tend to refer to as 'Western.'
Umm it has many times. Keep on coping on that 3rd world copium.
@@Tespri Then why are you here mf?
And some U$ citizens still brag about how rich is @merica🤧
Kid, the USA's GDP is 28 trillion and the debt is 34 trillion. 120%:of GDP. The USA is not among the 10 most indebted countries in the world. Is China rich? Is Japan rich? Yet they have more debts than the USA. They both have more than 320% debt to GDP ratio.
Maybe Japan...China's debt hasn't reached 100,% of GDP...sorry to inform you..go and do your research...
@@tondematongo32 China's debt to GDP ratio surpassed 300% in 2019. Do you want links?
Your information comes from that anti-China media! ! Ha ha! Do you want to know the difference between internal local debt and external debt?
They still make more than any other country on the planet.
My fellow American colleague in the US once told me this country is going down the hill and plummet sooner than we think ; when Obama got his 2nd term . When he said that .. at that time, i didn't believe it ! was extremely wrong .. I still remember they way he told me !
Please don't worry Sir. When the rebellion is about to happen, most people on the earth would have died. There will be none to demand money. Be happy as long as you breathe, whether with debt or without debt.
The person who told you was most likely a White or a racist Indian, Chinese, or Korean. Indians, Chinese, and Koreans cry about racism when in US or Europe; but they are extremely racist when in their country. Racism is their blood. Look at Indians - they are always chasing a fair skin daughter-in-law. Shame on double standards.
275 days. Not voting for Obama's 4th term.
Your collague in mac donalds told you`? you two are really genius
says the person that cant english worth a shit @@legatilegions8055
What are the Effects of the So-Called USA $34 Trillion Dollar Debt?
1. Are they really debts, or just unpaid cheques? The supplier of fiat currency can create endless amount of money, as long as they can find solutions to inflation (i.e., too much money chasing few goods). The bulk of USA money supply is given to military technology firms and financial sectors, who use the money to buy up assets and products from around the world. So, US debts just means exported inflation.
2. When America talks about debt, they also talk about needing a stronger military ($1 Trillion a year in defense spending).You ask: what has debt got to do with the military? The answer is that the debt in question is the power to create monetary value on other people’s products - giving the creator the power to take other people’s products while giving them worthless paper in return. Since people will refuse this exchange, you need the military to compel them to accept it or face extermination.
3. The logic of USA government debt is that the entire world actually pays for it with their products (natural resources; tariffs and freight insurance cost, transfer of their resources to Western multinationals; inflated cost of obtaining USA Dollar for foreign reserves transactions following higher interest rates on the Dollar) In effect, it is a mafia debt - borrowing money from the mafia. This is the Classic Pirates Paradise! Hegemonic Ponzi Scheme!
4. There is no such thing as USA paying on its debts. They can easily adjust the value of these debts, and drastically reduce the amount payable by :1) increasing the interest rates on the Dollar; 2) sanctioning several countries, and effectively wiping away their entire entitlements for the value of products they supply on the promise of these USA debts; 3) creating conflicts within these nations to force them to buy USA military equipment and services in exchange for payments on their products; sabotaging their economies, and offering them a mafia solution - “transfer your natural resources to our corporations, in exchange for economic relief’)
Pay for defense 10k per household
It's unfortunate that most Americans don't understand this or perhaps they are purposely kept ignorant. Most people can't even do math. How can an economy be 70% consumption based. It's impossible.
In a normal society you can only consume what you produce. Americans consumes more than twice what they produce. It's an impossibility unless you take into account Americans steal from the rest of the world to make up for that 40% gap between consumption and production. The American economy is 28trillion 40% is 11 trillion dollars. That means every year America forces upon the world to give 11 trillions dollars worth of tribute to itself. Based on these numbers is it any wonder that America will spend 1 trillion dollars per year on its military. It literally gives a return on investment of 1000%
It's all monopoly money haven't figured that out yet?
Well put. This is a sure path to WW3. There is only one way out - pressure from the exploited 99% to separate politics from money.
You forgot the $800B a year in üsüry the US Treasury pays to the PRIVATE Fed (Banks of London). You need to take algebra over again.
Printing isnt a wise Idea because.
Printing won't get rid of starvation and homelessness that is all over america.
Printing won't help the 99% who will have to deal with inflation and higher cost of living
Jesus said that the poor will always be with us. I, however, believe that food stamps are indeed exchangeable for foods so starvation is unnecessary in the U.S.A.
Exactly
Printed money just goes to big lobby and rich owners...
Israel will turn america into the biggest welfare state its not reversible america is its own worst enemy feel sorry for tax payers lead by pocket filling self enriching leaders
@@solconcordia4315Jesus said us not u.s 😂😂😂
120% actually isn't that high. Japans has been around 250% for quite some time and its really had marginal impact on the economy. While Canada is listed as being quite high, which is true, there is a big difference in that much of the debt is actually held by canadians through pension funds, so its not like thiere is huge risk of bankruptcy. Not that its GOOD, but its not as 'economy ending' as some would think.
I think its how fast they are adding to it that is the big worry. Another 1.5 trillion deficit this year by memory and if you look at a graph of debt it looks like it is going to runaway mode soon already close to matching WW2 which is as big as it ever got.
It's "not that high" if it remains around that level. Instead it keeps rising.
@@Jeremy-WC Yes but you have to remember that the economy is growing as well. Meaning the ability to pay it is still available Its when tax cuts get so great that there's no more ability to pay it that the problems happen.
USA debt is growing faster than its GDP
The problem of the US is the amount.
It's expected that the US will pay around 1 Trillion just in interest this year.
1 TRILLION IN INTERESTS
It's bigger than education, health and transportation budget.
This is unsustainable.
The Lanisters always said they could pay their debt - how did that work out?
Apples and oranges, bruh. Real life has a way deeper and more interesting set of plots than GoT (books were great til they never got finished and show was too until it did lol ^_^')
But I feel ya =(
edit= as > was
It worked out great for them. Being a trustworthy borrower always does. Correlation and Causation are two very different things. Nice quip though.
^_^
Such a shit-show at the end there.. really not worth quoting these days, alas u.u@@freidarun
As an American I’m far from worried. It’s the rest of the world that needs to worry from deglobalization. America is sufficient enough on its own. .
The US debt is high but the US's ability to dodge that is even higher
But last year they almost defaulted
You gotta love the tragic irony of the largest military in human history, funded to the tune of over a trillion American taxpayer dollars a year (when you count the whole 'black budget' it's likely even more), surrounding all 192 other nations with its military bases, losing a major sea blockade to a citizen militia from the second poorest country in the world that has no ships or navy.
That's on top of the fact the U.S. has lost every military action it's been in since its genocide in Cuba and the Philippines (dubbed "the Spanish-American war") which was in the 1800s.
Isn't it awesome to know your tax dollars have been put to such amazing use instead of paying for anything that benefits you like healthcare or secondary education? I sure think it's awesome. It just makes me so happy to know that the great USA is "protecting my freedom and democracy" over there in Yemen. I have no idea how it got all the way over there when I'm all the way over here... but I'm sure the CIA does (not that they'll tell me).
But if you read comment threads on the CZcams clips from the corporate media channels like CNN, Fox, and MSNBC, they're full of ignoramuses actually buying into this B.S. that "the Houthi rebels 'attacked' U.S. troops and now we need to start a war with Iran."
It's irreedeemable to still be THAT stupid when the prevalence of independent media and credible information is literally all over the internet and all you have to do is go and read it. How are we ever supposed to expect that the U.S. will get any better when we're still surrounded by fellow citizens with a political and economic IQ of minus 450??? We're so screwed.
@@ericmucoki1958Yeah but they must have other plan ready right
Can not dodge the homelessness HAHA .
Explain ur " dodge theory "
Still want to send extra lunch money to zelensky 😂🤡
😂😂😂😂
It would be the smartest thing to do, yes
If you don't like something then leave this country. Problem solved.
Taiwan is a country unlike 💩china💩🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
@@peopleofearth6250 no. I'm a liberal and I fight everyday to do everything Republicans hate
The power of US currency relies not on its economic power but on its military power. They will forgive its debt to all or even pay all debts since its their currency, they can print as much as needed.
While over billion of Chinese had to hard work for over 30 years to spare a bit over trillion $, the US printed 2+4 trillions in 2 years of covid lock down. So why anyone should worry?
so you think printing a currency ad infinitum is not going to effect its value? Think you need to go read a bit more about how fiat currency works
You can't just keep printing money. It eventually becomes worthless. The entire US economy is a house of cards/pyramid scheme.
Military forgiving it's debt😂😂
Which military power? The always defeated squad in war😂 Americans can’t even define what’s a woman in 2024.
@@user-dz3so3jz4u the US started money printer for no value even before their victory in Vietnam war. 50+ years later and the printer is still working even in much higher rates. 😉
I would not lend the yanks a single cent. They will default. The golden rule says that he who holds the gold makes the rules, and that is not the USA.
Russia and China has alot of gold
😂😂😂
yes but today its not gold , its nukes. Russia and China have them as well.
But he who has God on their side,will take the trophy home 🏡
I thought that was China that holds all the gold?
Eventually, they will be unable to the debt, then they will print the money, and inflation will rise, not just in the US, but all over the world. So, I don't think it is wise to invest in any USD bonds. Instead, invest in growing economies. So that even when the eventuality comes, it would at least set off your losses to some extent
Well said
Its already happening.
”A small debt is your problem, a big debt is the lenders problem”. When a bank lends money they want a security in some valuable assets, which are those assets in this case?
Rest of world is security -- AFRICAN's mines , Saudi Oil , Taiwan's Semi conductor business -- entire Europe land , etc are security -- Except Russia entire world owned by this one conttry figuratively
@@spg6651 China and India is not owned either
@@fredrikbergquist5734 India's labour service industry is owned by them
@@nazirkhan2141how?
Invvasio. Of sm country is their gaurentee
So when is enough, enough? 100 trillion, 500 trillion? What are these people possibly thinking.
The US Fed needs to stop increasing the money supply with debt. Problem solved. Jamie diamond wouldn't like that because that's where he gets a lot of his money. It's a gift from the Fed to him.
Problems like generally comes from somebody making evil money at the peoples expense, aye
We haven’t designed the economy correctly we sell fast food on every block and our people are getting sick. The only way to help our debt issues is by making fast food more good versus what we currently have now. And if our people then become less sicker from the food we eat then we will be in less debt! Think about it, what’s the point of having majority of people sick when we are technically “bankrupt” already. Plus we also need affordable housing and we haven’t seem to find the solution to solve this other dilemma. A credit card is not suppose to be used as a survival mechanism because you don’t have money, our people are going into debt for bread, milk and some cotton clothing with a logo on it.
Well said.
Unnecessary wars are the primary reason.
This
Exactly
America has been able to service high debt since The Second World War for two reasons:
- Until the 1970s the USA had the highest level of manufacturing globally. It could simply produce enough sought-after goods for the rest of the world.
- After the 1970s the USA dropped off a metallic standard and essentially used an 'oil standard' for its currency, forcing everyone to buy oil in US dollars. This is the 'petrodollar' you may have heard about.
Unfortunately during the second phase the USA had essentially 'free money': it couldn't go broke. So in a scenario of insane short-sightedness it offshored nearly all its industry (except arms manufacture) as they thought this second phase would go on forever.
It won't, however, go on forever. The USA's heavy-handed behaviour in seizing sovereign assets has encouraged non-vassal nations to de-dollarise and not trade in US dollars. In essence they've stopped paying a trading tax to the USA and the USA's GDP is a house of cards based on financial instruments and not actual production. If the de-dollarisation continues the USA's economy will collapse which will make the dissolution of the USSR look like a short term slump.
And this is the root cause of the USA's latest round of wars.
Agreed, but to make this war round effective the war has to be against BRICS countries which it seems a bad idea…
Great news great info👌🏽
Will be nice to see it how will start and how will end.
This is a great Video! I really appreciate the dedication in each video you post, I would be glad if anyone here can explain a few things to me about investment, I believe it's my time to shine for a better future
I'll advise you to work with a financial advisor.....Building a good investment portfolio is more complex so I would recommend you seek Fergus Waylen's support. This way you can get strategies designed to address your unique long/short-term goals and financial dreams .
YES! that's exactly his name (Mr Fergus Waylen) I watched his interview on CNN News and so many people recommended highly about him and his trading skills, he's an expert and I'm just starting with him....From Brisbane Australia
Well, you are saying the fact. I invested $4,000 with fergus Waylen. and earned $12,000 .
I'm 52years and I'm retiring this 2024 I already secured my financial position for the past 2years from Fergus Waylen
New survey has revealed rising adoption of cryptocurrency among the world billionaires, as they start experimenting in the digital currency, expanding their investments portfolio beyond traditional profitable assets.
Hello from America. We need the next generation of young people across the world to right the wrongs
I feel this. Wish I was younger / had more "oomph" left in me. Will just try and support the youth in whatever ways I can.
USA ,features. 35 new Estate's will divide into a independent free states ,and real natives red Indians ,will part of the new state,they will have the own territorial back.,,because, USA belongs to them.
Everything has his time, Remember the URSS, had 15 constellation.thus where now independent.,
Nice subject line. Thanks
Thank you. Appreciate your reporting on this important world event. As a proud Indian🇮🇳, I really love ♥ and have a lot of respect for the incredible work of Palki's highly captivating story regarding *How British looted 45 trillion from India* which unquestionably stands as a masterpiece of the highest quality. The content of the reporting is truly inspiring, and I thoroughly enjoyed watching it. The dedication, talent and hard work poured into the video are greatly appreciated by many. The Indian Union Public Service Commission has delivered a remarkable report titled संघ लोक सेवा आयोग *How Britishers killed 1.8 billion Indians. Chronology of British Raj's exploitative policies* | UPSC," is equally astounding. The Indian government consistently produces insightful and thought-provoking articles of the utmost caliber, and I sincerely hope they continue to produce such interesting exceptional work. Can it even get better than that? It should deserve an award for best report of the year. Thanks for telling the truth. Your show was really entertaining. I adore your passion
India have the highest debt in the world at 45 Trillion. But India will still say they are winning
@@Ismael_Zambada_Fanare you sure ?
@Ducky_193 45 trillion USD worth is looted from India by brits its not debt of India.
Indias foreign debt is just 400 billion with 600 billion usd worth of firex reserves and 800 billions of export each year.
india has 2.3 trillion $ in debt .. us has 34 TRILLION... this could lead to a global crash .... which would require MASSIVE printing to prevent default... which would reduce the value of the dollar ( inflation) so ... keep an eye on that 👀
@websitemartian where did you get this 2.3 trillion debt figure from? It's only 400 billion USD worth 2.3 trillion Rupees may be not USD.
34 Trillion debt 😳good debt 😢may be war .Good report Palki Sharma
Amazing
With the wars its sponsoring you might be inclined to think that they dont want to go alone.
If I go down, you go down.
They are sponsoring the defense. Russia and Palestine started those wars.
Um, the 2 most recent wars in the world were started by Russia, and Palestine. What does that have to do with the US?
Thanks Team first post for amazing work. Please also make a continuing episode on printing money by US to serve this debt. What will then happen to inflation or what cud go wrong then ? And what about debt numbers of other nations? India specially
An excellent report, Palki!!!! My friends and I, who are not American and come from a sort of poor country, have been talking about this for a while already. Some of them are concerned with China actually bidding such debt, which would destroy the dollar. Personally, I think the countries mentioned have more to lose if they do not decide to consider at least part of the debt as a loss. We must just wait and see...
Here in China we need to sell off as much of this paper as we can, before it implodes.
THAT’S A BIG YES, but not because of the debt but because of how the US has been treating the rest of the world…
The Rebellion is already started in many parts of the Earth.
All empires eventually collapse
💯👍
But americans think they are God 😂😂
@@KanuniSuleyman4857Did tou know God has the Master Plan?
😂😂😂😂😂😂😂😂😂😂😂😂😂
@@KanuniSuleyman4857 god isn't real
This country has slowly been dying from within for time already
3:14 Japan is kinda of USA's colony rather than ally
So is South Korea
But all other countries are colonies too, right? Which are the Allies ?
Lol
Facts.
@@thelayman6189the nations with nuclear weapons are the primary players they have made their secret allies, all other nations that lack nuclear weapons are colonies that have allied with certain members of the primary group.
It's like buying a 1.2 million dollar home with a 1.0 million dollar income. It's still manageable. Any default is a long way off.
That ratio is not accurate. It should be $34 trillion / $6 trillion in federal govt revenues. If you use the gdp, then the state and local debt, consumer debt, and business debt might also need to be added in. These add up to a much higher ratio that is not serviceable at current interest rates without asset prices dropping and debt values slumping
Um, the US has the biggest economy in the world. Their debt is NOTHING to them.@@pa9121
no problem at all... just keep printing money... it's been effective solution for them for decades...
Tell that to the Germans that survived the First World War (where their Parliament went on printing money to cushion the effect of inflation to the point where the citizens were using mint notes to fuel their stoves and for toilet paper).
The interest payments on debt are growing so fast, we will have less and less for military and infrastructure, leave alone social security, education and healthcare. Eventually, we will default in 10 years, 15 years. Then the cost of debt will skyrocket. Make no mistake, what you are seeing is the inevitable decline and death of the US Empire. And we have only one party to blame which is ourselves.
The declining American empire is reducing itself to blustering talk and little action.
The decline of an empire always begins within.
Think so? I feel this has always been a thing. I see a lot of f up stuff but I honestly think everything will be ok. Social media age just amplifies it.
Good News for the Indian 🇮🇳 Rupee: it will become comparatively stronger !
Don’t worry, we won’t make it 2035. We’ll default or have a currency crisis by then and don’t feel sorry for us. We borrowed and lived beyond our means for decades. It’s just the laws of economics.
Henry Kissinger - 'It may be dangerous to be America's enemy, but to be America's friend is fatal.'
Coz......
"United States doesn't have friends, only INTERESTS !!!!"
-Charles De Gaulle
@@AnkitSingh-xl6pt Me, Myself and I are best friends with benefits of US &A 👽
War financed entirely by debt .That's not defence.
That is how Russia is also fighting its war.
@@ppen8359 Not true. Russia's economy is actually growing, maybe slowly, but still growing.
Russia has learned that it does not need the West any more. BRICS and Eurasia are much more stable to do commerce with.
The USA lives on a national charge card.
Russia has a pay as you go economy.
@@firstnamerequiredlastnameo3473 I'm afraid I have to disagree. Russia is spending 40% of its budget on war. The only growth Russia is getting is due to ammo and artillery manufacturing. Russia is manufacturing things that get destroyed in a few months. Technically, it is growing, but that differs from growth that gives a great future. The result is 16% interest rates and high inflation.
@@ppen8359the shock to Russia won't be much. They've replaced most western brands by Chinese brands. Chinese companies are manufacturing cars in the western factories in Russia. They've also made yuan the reserve currency. So even when war stops, Russia will still continue to grow coz most of their revenue comes from fossil fuel sales and not manufacturing
@@firstnamerequiredlastnameo3473 It's not growing and it wouldn't make any sense to grow when there is less trade and companies goes bankrupt.
Brics has only one economic power house and that is China. Most of the projects are related on increasing China's economy while keeping other members as slave states.
Russia has weaker economy than Italy.
That's a crazy amount of debt for Luxembourg to hold given how small they are.
that country is NOT called America!
Kudos to palki excellent delivery.
Well everyone has their prime and end of prime
Usa had their prime before Biden and now it's a u turn
A single champ or a country cannot sit on the worlds chair forever
You're not big on data I see ...
Why cant it? Because you say so?
It is leading to that.
I really enjoy firstpost. I can't get this information in the US.
Well , another name for America should be Rebelica who spends money like stream flowing down the hill. The stream is unstoppable even it is during the draught season.
The International Monetary Fund has warned that India’s general government debt may exceed 100% of gross domestic product in the medium term. The Indian government, however, disagreed, saying that sovereign debt risks are limited as it is mainly denominated in domestic currency, the business daily said. Here you have it. All governments have BS explanations.
Oh God please save the world from a stronger USA.😢
Oh please Indian Government is right that Indian Debt is owned by its Citizens and also Indian rupee is not Global Reserve Currency that threaten other countries.
Also to be noted is that Indian Debt is used to build Long Term Infrastructure projects which will provide more money to Indian Government and economy while USA’s debt goes to service its Elite Business and Regime Change Operations in other countries.
Both Countries are not same in terms of spending as Indians in General spending 75%of its income and save 25% of Its $1 income while America spend 125% of $1 (income) and $.25 credit
Indian debts are in domestic currency unlike usa
All governments basically love debt. Helps them justify the spending on politician salaries, welfare, wars and other joys.
Not will, but already started in 2008 and now it is gathering momentum incrementally until the breaking point is reached
Printing for US military!
❤"in dolar we trust, with dollar we will die"😂
Thanks for the lecture to the US Palki. Keep it up.
What did she say that was incorrect? You want incorrect analysis watch CNBC….
❤no, the central banks and ratings companies insist on investment in the US valuless paper😂
Thank you Palki Sharma, Nobody forces People, businesses and Governments to buy Treasuries. There are no guaranties in investments, but Treasuries are considered to be more reliable than some others and are part of the portfolios. Around 80% of Treasuries are bought inside the US, and only around 20% by foreign entities.
Good news to the world
A giant with clay foot. Lena Petrova's videos in CZcams further add that besides 34 trillion USD government debt, there is 17 trillion USD household debt, not to speak of corporate debts. America and Americans have been living on debt for as long as I can remember, at least since late 1960s. When I first read about credit cards in the late 1960s, I just could not understood how it worked. Debt is something we Indians fear, at least at individual level. But debt loves the US and the US loves debt.
The US government is acting as the Marshall for the rest of the world at the cost of its hapless taxpayers.
If you have a military like this all this debt is meaningless. Exactly as the US had abandoned the gold standard it can get rid of the debt over night. What the other countries are going to do? Absolutely nothing.
I sympathize with the citizens of the United States.
I guess the US should stop giving aid to India and India needs to start repaying the US.
Boss we don’t live on US crumbs like many nations do. That is why we have steered away from NATO and still are friends with Russia. We still remember how the US sent their aircraft carrier to support Pakistan and threaten India some decades ago.
@@VIWA1 So you agree that India should repay what the US has given India! Let Russia support India if you are such good friends.
Bravo. That was great. You hit the nail on the head.
"Give me control of a nation's money supply and I don't care who makes its laws," said the old master of financial market speculations
If you can't join them, Buy them. Old Mafia saying.
Mayer Amschel Rothschild.
Value of USA dollar directly depends on Wars (Genocide), Bullying & Loot of other Nations by USA
They say that’s there more than 150 trillion in unsecured American debt worldwide so this could be bad for the stock market and treasuries. The smart man would put his money in other currencies asap.
We in the EU cannot help the US with its economic problems. We will want to trade with Asia, China, India, Russia to keep our economy growing.
Tax, inflate and spend - the current US economic policy - will bring us all down.
Still worry about the interest rate when the sea level start to rise and their wave is getting bigger.
This is exactly what America needs
Amen
I'm not sure why China was not mentioned although the report shows 🤔
But they can print money as much as they like..
Yes, but that takes every $-users purchasing power away eventually.
@@Gunni1972 But they have been doing it without a problem. Figure is now at $34 Trillion. Will it be a problem when it go pass a certain figure? They just keep on printing it.
The can print unlimited money eventually it will be a collapse one day 😅 when crisis comes 😮
No don’t believe propagandas …The US and,many countries printing their own currencies including China,eu and,others …the Things the world Trust the US Dollar(that’s why the demand is big) also, the US dominant in many areas because of the massive country..they have natural resources,farm lands,technology and,many things …this helping the US dollar …the majority of debt is owned by Americans citizens…China has 28T dollars debt too …
@@princefernando2192Yeah, I'm wondering what amount US debt needs to hit before everybody starts rushing for the door. There is already an erosion of faith in the ability of the US to pay their debts. Countries like Russia and China have divested or are in the process of getting rid of their US bonds holdings and accumulating gold.
It'll be interesting to see when everybody loses faith in the US $ and starts dumping. We also have to be prepared for hard times when that happens.
To who will American going to pay this gigantic dept too
3 trillion is owed to china 1 trillion is owed to Japan there were some countries from which usa have borrowed money
Most of the debt is owned by American citizens / businesses themselves.
Most of the debt is internal not external
Now a days bad news is such a way treated that, when someone wants only pulls out until noone thinks it's in safe locker. No matter how bad that keep piling up
Definitely, most of us don’t like this country
actually--that was alan greenspan who said they will always pay the debt no matter what but he cant gauarantee the purchasing power
The taxpayers will lose the purchasing power before they do.
ONE THING PUZZLES ME, IF AMERICA'S ECONOMY IS DOING SO WELL, HOW IS THIS POSSIBLE WITH THOUSANDS OF CLOSING BUSINESSES??!!
BlackRock led war machine is thriving right now😅
The American dream is not so much a dream anymore. Iam from Canada and we are getting hit hard. food prices has doubled. Rent has doubled. I feel bad for the students they are having a hard time paying for tuition/rent if you live off campus.
BETTER BELIEVE THAT!
When you are deep in debt, borrow more money, fund more wars. U.S. economic model
War economy. Evil mindset
But to who is Americans borrowing from?
Japan, Luxemburg, China, Canada, India etc and also people of America
Their own Printing machine ...they usually print money
and the Tooth Fairy.
They spend a trillion dollars a year on defense sorry I mean offense so they can go Rob trillions more from the rest of the world in resources. Next target is the 16 trillion in proven oil reserves in Iran. That return on their military budget is a big return on investment.
The ones that have bought America debt are now getting rid of it they can see the writing on the wall smart move.
Early distancing from US Dollar is best for the countries...
Yes US debt and insane Ukraine and military spending will undermine the banking and US financial system….Americans will
not put up with the reckless spending…
It is simply what instant KARMA is all about period.
Please explain, why countries like the UK - that itself has a poor balance sheet, buys US debt?
in hope to get interest from that debt so that they can run their crumbling country on interest money.
Part of the reason is so that they can control their currency vs. the USD. They can use their foreign currency reserves to influence the exchange rate of their currency vs. the USD.
People are still on this is happening. If you take a real good look at it they are distancing themselves, because are all getting ready for the DD. This will incorporate the entire planet. The concern should be about what is coming...
Yes, and that s the plan.
The American people are paying a high price for the never ending wars
Trigger a Global Rebellion? Please help me understand. Whom does the USA borrow from??
Japan (1.1trillion)
China (876 billion)
UK (716 billion)
That's the external debt and those are the leading while most of it's debt is owned by Americans
The countries who buy the debt (bonds).
someone is on the bottom and the bottom is not a place to be.
and this will have the ripple effect on the whole world market and also for the countries which are economically growing well😢
Palki Sharma Upadhyay 🌹👍
Where was Jamie Dimon last year, or 5 years ago? Oh right, he’s part of this debt based Ponzi scheme that’s collapsing right on top of us. Did anyone notice that he sold $150 million in stock lately? When it comes to debt…Jamie is almost second to none.
Yes. Total isolation shortly.
US Govt debt
US Individual States debt
US Corporate debt
US Student loan debt
US Personal/Family debt
US is an indebted Nation.
tiny Luxembourg owns - $371B US debt. ?!!!!?? Why?
😂 that country is rich bruh
@@gibsongumera7299 Japan GDP is ~ $5000 B, owns $1100 B in US debt. Luxemburg GDP is $85.5 B, owns $371 B in US debt. And that is not surprising?
Look up where Luxembourg is located. It's downstream near Europe's Ruhrgebiet, which is the industrial heartland of Europe.
High-income people live there.
@@solconcordia4315 High income people living there is true for countries like Japan or UK as well.