Inflation Alert: The US National Debt Cannot be Repaid

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26 май 2024

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Комментарии : 4,2 тыс.

@80skid4ever8 Месяц назад

I found it funny that they can't payoff their debts but they expect me to payoff mine😂

@dmappzoom6778 Месяц назад

Exactly 😂

@MBarberfan4life Месяц назад

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.

@masterofceremony3728 Месяц назад

💯facts

@justSTUMBLEDupon Месяц назад

That’s because their debt is our debt and they expect us to to pay it off smh

@RJ-gg6ky Месяц назад

you should you are lazy

@BigBadKaiju Месяц назад

So, if prices go down…we screwed. If prices go up we’re screwed. Awesome.

@kx23753 Месяц назад

Stagflation time ?

@Caesar_1415 Месяц назад

Land of the free right lol????

@enfreakez Месяц назад

We need to mine those asteroids then we will that shit off.

@Trashpanda888 Месяц назад

Sounds like... we're screwed!

@BigBadKaiju Месяц назад

@@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.

@Dr.White_PHD Месяц назад

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.

@TheRedc0met Месяц назад

Charging the baker higher taxes, tolls, gas, no health insurance, and higher prices.

@arthurcainii Месяц назад

Yet people continue to vote for the same politicians

@noahhamilton1026 Месяц назад

Murica 😂😂😂 🤡🤑🤡

@anacorreia8058 Месяц назад

@@arthurcainiiI mean Trump exists and he’s trying to save us, so probably you should vote for him

@ogkillingpunchline Месяц назад

I laugh

@alexG106 Месяц назад

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.

@TheGreatSalsaMan Месяц назад

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…..

@PoliticsReal 28 дней назад

Because they don't run things. The banking cartels and fractal banking is the real issue.

@carlbarrows2487 19 дней назад

Authority without responsibility is tyranny. Responsibility without authority is slavery.

@sew_gal7340 Месяц назад

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

@Cupofjoe27 Месяц назад

Bailout after bailout, no responsibility, no accountability.

@imranmuhammad2041 Месяц назад

War after war

@prettyyoungthingpyt5015 Месяц назад

And the people who need the bailout will never get it.

@streettoughfighting Месяц назад

At my work we call it the F up move up program.

@gm-zz8so Месяц назад

California has increase their debt by three times since the last 10 years...and each time the Federal govt. bailed them out.

@user-ud2jj8ks2o Месяц назад

Buy BTC...keep in cold wallet and put under the bed for 10 years...

@Andomosity Месяц назад

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.

@peckop1793 Месяц назад

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.

@Crocos1 Месяц назад

The American dream ended when Woodrow Wilson implemented the central bank in 1913.

@Zenkrypt Месяц назад

@@Crocos1worst president in history, maybe slightly better than Andrew Jackson.

@funnycat4241 Месяц назад

Cool it with the antisemitic remarks@@peckop1793

@absolutium Месяц назад

@@ZenkryptSo.. literally the only president who has paid the national debt ? I hope you are being ironic.

@foreverfloridian8525 27 дней назад

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”

@autoimmunedefficiencysyndrome 21 день назад

Lol

@masamunetozzi Месяц назад

I really hate our government

@Theextremepessimist Месяц назад

Amen. I hate both sides of them. Dems and republicans.

@THOMPSON8787 Месяц назад

Go check out somewhere else then

@Cody8P Месяц назад

@@THOMPSON8787🤦‍♂️

@Riconin Месяц назад

@@THOMPSON8787 boot licking to the max

@jimbo7577 Месяц назад

It's not your government. It belongs to the oligarchy.

@bloopbloopbloops Месяц назад

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.

@blacksheepshepherd Месяц назад

No money for retirement, yet still need to pay for the national debt.😂😂❤

@mason2307 Месяц назад

And in 2001 2 trillion dollars went missing from the government

@supriadiramlan5545 Месяц назад

congrats bro

@supriadiramlan5545 Месяц назад

at least u knew the truth now, so let fix it

@oDazzleRazzle Месяц назад

Hijacking top comment, but when are we going to actually start talking about the problem aka fractional reserve banking and ending the federal reserve?

@shamzu9986 Месяц назад

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.

@TheeGraveMistake Месяц назад

Is that not the point? Essentially that debt is never getting paid it’ll only increase?

@manfredrichtoften8848 Месяц назад

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.

@BahaaFahmy-ch2lg Месяц назад

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.

@MrHeavy466 Месяц назад

Uncontrolled inflation without the increased wages to go along with it will lead to conflict, something has to give.

@PoliticsReal 28 дней назад

The government is currently importing huge amounts of people to account for widespread anger from the working class.

@tylerharris4392 27 дней назад

@@PoliticsRealexactly

@267cal 25 дней назад

just say biden is puppet😂

@kennedywrightt 21 день назад

⁠@@PoliticsRealmore people = more taxes

@RooftopRose079 Месяц назад

Once again I’m expected to balance my budget down to cents but all these professionals can’t get within the same trillion? Ridiculous.

@broken_clock_right_twice Месяц назад

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.

@Eapp1480 Месяц назад

Facts

@y0urSJ Месяц назад

sucks the average American is getting destroyed for other peoples mistakes.

@MrORANGEMAN1966 Месяц назад

Not mistakes it's not an accident its all by design

@thefalsehero Месяц назад

It's not other people's mistakes. It's ours. This is happening on our watch, and we're doing nothing about it.

@downrightmike Месяц назад

Getting destroyed because the gov won't tax the rich

@braydensimmons1408 Месяц назад

Fiat currencies at their best. Stealing from future generations to pay for current peoples wants.

@dougjohnson435 Месяц назад

@@downrightmike the political class running the gov ARE the rich.

@Wowimhungry9 Месяц назад

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.

@crayoneaterman1 Месяц назад

I just can’t believe technically it’s legal to pay someone 7.25 an hour in this country.

@jstewart627 26 дней назад

No one should be paid an hourly wage. We need to be paid based on accomplishments

@mcsegeek1 21 день назад

Why? That has absolutely nothing to do with government spending.

@thedukeconiosantiago9180 20 дней назад

@@jstewart627 never cook again.

@curtissharris8914 Месяц назад

They will do this all while pretending they are trying to fix it.

@draghn Месяц назад

We are trying to fix it.

@lilblackduc7312 Месяц назад

"Charade".

@curtissharris8914 Месяц назад

@draghn meanwhile, back at Treasury.

@robertperez3736 Месяц назад

@@draghnwho is ?? Cuz I feel like I’m getting fucked

@TheKickshaws Месяц назад

And pretending like they have no idea how it happened.

@jgg204 Месяц назад

Vote Them All OUT

@5dc61 Месяц назад

Wouldn’t matter, anyone that replaces them will eventually get corrupted. It’s the human factor. Maybe we need AI politicians.

@jolietia Месяц назад

@@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.

@TheBenjammin Месяц назад

How cute...you still think voting matters.

@wandacarr668 Месяц назад

Impeach them out!

@Caesar_1415 Месяц назад

How????

@kevinbaily8359 Месяц назад

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.

@Yes-gp1bt Месяц назад

The problem with this conversation is that wages are still stagnant with most companies, lol

@Xokzu Месяц назад

And yet, this is OUR fault somehow. And incomes most definitely will not skyrocket.

@maximo6037 Месяц назад

They have to...or it's game over

@wildfirez5764 Месяц назад

We’re getting slowly bled dry.

@crackshack2 Месяц назад

Ofc it is. Stop buying from pedo corporations, stop nominating pedo politicians…🙄

@TheSterlingArcher16 Месяц назад

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.

@RomeoUrsu-fy9qo Месяц назад

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.

@ellinger3824 Месяц назад

Our politicians are too narcissistic and entitled to want to stop overspending our money. They don't care, they're out for themselves.

@dmappzoom6778 Месяц назад

Pretty much

@ForeverDownByLaw Месяц назад

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).

@SK-ne4bf Месяц назад

Your money is going to Is real for aid

@gm-zz8so Месяц назад

Reduce the size of Government ...which is corrupt. The load on our taxes base is too large. Vote these clowns out.

@alanrussell6678 Месяц назад

@@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?

@nathanaelgarent7961 Месяц назад

So glad I found your channel. Informative, truthful, and thought-provoking.

@shore2625 Месяц назад

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.

@donnel5516 27 дней назад

I never realized this. Thanks for the info.

@AlexMacallister-fl1vl Месяц назад

Inflation happens wages remains the same.

@corpingtons Месяц назад

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

@worlore1651 Месяц назад

If wages increase then so does prices as well increase in monopolies and increase in unemployment, retirement, welfare. Less income, more debt.

@MyerShift7 Месяц назад

@@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.

@worlore1651 Месяц назад

@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.

@Elikinyo Месяц назад

I mean that’s just untrue. Wages have gone up… Maybe not enough, but the have gone up.

@vincentkeith1800 Месяц назад

Happy meal is now a sad meal.

@wersorry241 Месяц назад

😂😂😂 yup

@davidmella1174 Месяц назад

Ye literally

@sew_gal7340 Месяц назад

It isnt even sad, it's pissed off and extremely k.unty

@danawaldrop4930 Месяц назад

If you're smart enough to realize it's not food then it was never happy. Please stop making your child eat fake food!

@missmodern Месяц назад

❤😂❤

@danknight84 Месяц назад

Appreciate you still going at it. You put up ease to use content for taxes and etc.

@JustMeAloha Месяц назад

You nailed it! Thank you for explaining it.

@Gingerlata Месяц назад

If we the people spend money like the govt does, we would be on the streets.

@whorevinci5447 Месяц назад

One 1 check away from being on the street

@tomcop668 Месяц назад

You can't create money. The government does.

@Fedgery007 Месяц назад

Look in the mirror. You elect the government.

@paulsawczyc5019 Месяц назад

@@Fedgery007 There are millions of people in government - 99% are not elected.

@williamnelson9332 Месяц назад

People are unless you blind

@DavidJ245 Месяц назад

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.

@Nick-cw1og Месяц назад

😂

@Thee_Gawd_Papa Месяц назад

*Good analogy.*

@barbarawarren9443 Месяц назад

😂 Sooi true! 😅

@VITDubya Месяц назад

We also get stuffed for four years…

@anniealexander9616 Месяц назад

🤔😂😂

@sharksmate Месяц назад

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 👀

@suedunham1087 Месяц назад

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.

@AlbinoChocolateDonutHole Месяц назад

"everything's gonna go to....CRAP!" I Felt that in my bones, my paycheck, my taxes, and all of my monthly expenses. 😢

@PC-yp5dl Месяц назад

You know he was thinking the word that we usually say in this phrase...

@shelly155 Месяц назад

😂😂😂😂😂💯💯💯

@forestduffe5576 Месяц назад

Real news and no clickbait😊 appreciate the truth

@randyw.4628 Месяц назад

Maybe the federal government should stop buying Starbucks and avocado toast and pull themselves up by the bootstraps!

@autoimmunedefficiencysyndrome 21 день назад

How come everyone's debt doesn't lose value with inflation? Interest makes sure that can't happen to ordinary citizens

@leroyrodgers6089 Месяц назад

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."

@mannymoo Месяц назад

Lmfao that’s hilarious

@decadeyt5891 Месяц назад

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.

@WoopyGoldbergsHair Месяц назад

The government is using Kohls Cash math!

@davidnguyen270 Месяц назад

Why is it that every single wife that I know thinks this way

@TheSterlingArcher16 Месяц назад

@@davidnguyen270it’s genetic. Women have an aversion to analytical thinking and forward planning. Men are providers women are consumers. It’s all evolutionary psychology.

@NurseDamien Месяц назад

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.

@enfreakez Месяц назад

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.

@Blair62 Месяц назад

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.

@RooftopRose079 Месяц назад

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.

@rubenbarboza9 Месяц назад

That’s exactly how the Military bases are.

@quattrocity9620 Месяц назад

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).

@DrRobertLEnglishII Месяц назад

Outstanding video, "spot-on" information. Absolutely enjoy your honesty, knowledge, and passion!

@GraphicalBoss Месяц назад

Great job man. Love your work and how you explain things.👏👏👏

@What11235 Месяц назад

The problem is your wages don't keep up with inflation.

@dude8698 Месяц назад

If they did ,inflation will skyrocket even more

@decadeyt5891 Месяц назад

You are dumb if you believe that is the problem

@philfortner1805 Месяц назад

Wages haven't kept up with inflation since 1980.

@abetteryou2025 Месяц назад

mine did

@tribbybueno Месяц назад

@@dude8698this is cope

@shaydonchilders7819 Месяц назад

Moral of the story is, buy assets or get left behind.

@simunator Месяц назад

ammo and water's my strategy

@SA2004YG Месяц назад

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

@DylanT18 Месяц назад

@@SA2004YGseriously, I’ve met older folks all the time with my work that own anywhere from 5-10 homes. It makes me despise them

@danawaldrop4930 Месяц назад

@@DylanT18 Wow! You hate because of jealousy? That's sad! You should try reading the Bible - NT.

@corpingtons Месяц назад

Exactly

@MS113MS Месяц назад

Make sense to me now. Thank you for the explaination.

@Manofhealth Месяц назад

Wow! Thanks for your easy-to followw information.

@user-nv2gw1tt5o Месяц назад

This guy completely glossed over his statement of “but your salary probably won’t keep up with inflation”. That is the entire point.

@nile7999 Месяц назад

It is not the point. It is the effect. No boogeyman is out there

@user-nv2gw1tt5o Месяц назад

@@nile7999it is VERY much the point. It just depletes urrr beliefs.

@user-nv2gw1tt5o Месяц назад

@@nile7999 salaries are up only 10% since Biden took office. Inflation still needs to come down -40% to get back to Trump levels

@PoliticsReal 28 дней назад

@@user-nv2gw1tt5oIt's not coming back down. Fractal Banking Reserve is the problem.

@ycarraza Месяц назад

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.

@corpingtons Месяц назад

It’s crappy because our president is crappy we need trump they all want him to get oht

@phatmantv Месяц назад

@@corpingtonsYou are totally lost in delusion-ville😂

@abramjones9091 Месяц назад

@@phatmantv more like he's lost in delusiontropolis

@joshuac1876 Месяц назад

@@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.

@francestaylor9156 Месяц назад

@@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.

@chriselliott3639 Месяц назад

This was the best presentation of explaining the debt and inflation mechanic. Good work, and thanks. Many people who need to see to learn, will be helped by thi presentation.

@sergiomiranda1497 Месяц назад

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.

@OB928 Месяц назад

Smaller government is the answer, but nobody *in* government is going to sacrifice their own job or their cronies to figure it out.

@troyb3659 Месяц назад

on the other hand, they will fight like hell to preserve their jobs and employer.

@andrewgleason586 Месяц назад

No kidding, fancy gangsters,licenced to steal by stupid rules in their favor,thell be no government if there is no economy 😊

@shan4078 Месяц назад

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!

@Zygote1205 Месяц назад

100%. Reduce by 50% plus.

@lilblackduc7312 Месяц назад

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!

@sayless1445 Месяц назад

Basically, the math aint mathing!!!!

@Jstardre2 Месяц назад

Thank you for explaining sir. I never thought about the relationship between inflation and ease of debt repayment.

@Duke-qr2jj Месяц назад

great video, thanks for sharing with us

@nicholascross1583 Месяц назад

We need to cut congress pay to 40k per year

@somethinggood-sy1ed Месяц назад

No, to federal minimum wage

@Jackothy Месяц назад

that's a great plan if you want bribes to be mandatory, or only already rich people to be able to do the job

@Dr.White_PHD Месяц назад

Then we’d have drug dealers and crooks in congress…..oh wait…WE ALREADY DO.

@phatmantv Месяц назад

We need that. But only regular people can work it. And donations, are punishable by deletion

@jpfitch3492 Месяц назад

Realest shit I've heard all day

@Dan-nr3om Месяц назад

When credit karma tells you your homes worth 150 more then it was 4 years ago ya know it's crazy

@dariodjakovic1600 Месяц назад

Credit karma is in real estate bussiness?

@reneestevez7193 Месяц назад

Problem is ¿Who's gonna buy it at that price?

@I_SuperHiro_I Месяц назад

@@reneestevez71931 of the 10 million illegals let in.

@michaeloswal9847 Месяц назад

@@reneestevez7193The ones that convinced you regulation was opression.

@user-ci2mn1oy3w Месяц назад

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.

@strawberrygirl8572 Месяц назад

Excellent video, thank you 🌷

@SteveAaroe Месяц назад

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.

@BeeKaye Месяц назад

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.

@danielhutchinson6604 Месяц назад

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.

@jsr3234 Месяц назад

I hope you know billions is penny’s compared to our overall spending budget. Going to have to cut alot more than foreign aid.

@WillProwse Месяц назад

Could use Bitcoin instead

@derz3506 Месяц назад

Our forefathers would be pissed

@nFWAYGo Месяц назад

It’s to radical for this woke cou try

@MusicMike747 Месяц назад

For those wondering, banks shy away if your debt to income ratio is above 38%. The US government’s DTI is 1,697%

@biovmr Месяц назад

For governments, the Debt-to-GDP ratio is used. US DTG ratio is 121.7% (end of 2023). It sucks, too.

@yanceymcdonald6017 Месяц назад

This checks out. It’s always rules for thee and not for me with government.

@davidnguyen270 Месяц назад

😂😂😂 brilliant

@TheKickshaws Месяц назад

I’m surprised it isn’t more, tbh.

@MusicMike747 Месяц назад

@@yanceymcdonald6017 Thanks for double checking the math. If we’re going to be mad, let’s at least get our stats right 👍🏽

@AlejandrioVasay Месяц назад

Not kidding, this is one of the best videos I've watched on this topic. As much as it confirmed my fear of the economic collapse of the U.S., it also made me more vigilant with my retirement accounts. Thanks very much!

@David-jc5jf 28 дней назад

Once the dollar was unpegged from the Gold Standard it was over from there. Runaway inflation started

@zoche2784 Месяц назад

So basically it’s their fault, but our problem? …. Got it

@nechele318 Месяц назад

Pretty much.

@sew_gal7340 Месяц назад

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

@Fedgery007 Месяц назад

Look in the mirror. You elect the government.

@zoche2784 Месяц назад

@@Fedgery007 I don’t elect shit, I don’t like either side nor either candidate…

@AuthorDLTillery Месяц назад

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.

@yumeneko63 Месяц назад

Thank you Brian.

@mahdiabbasrizvi 15 дней назад

Great explanation thanks!

@randypaddingtonmorton5195 Месяц назад

Finally, this is explained where the common American can understand! I’ve been trying to tell people this for years…

@rmogh7896 Месяц назад

The problem is inflation goes up but the wages stay the same

@paulsawczyc5019 Месяц назад

They need to keep the masses poor - inflation is one of their tools.

@Joshua-LouMorrisSalvador Месяц назад

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.

@paulsawczyc5019 Месяц назад

@@Joshua-LouMorrisSalvador Poor people are not the ones causing inflation - poor people do not set the prices.

@RealBrianDeclan Месяц назад

Still really enjoying the content, thank you.

@Joseph_Hamilton Месяц назад

This also happened in Rome with coin clipping. We’ll see how far virtual money can be stretched before collapse.

@MEnglish404 Месяц назад

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.

@chingron Месяц назад

Just buy bitcoin. Problem solved in more ways than one…

@maximo6037 Месяц назад

@chingron same goes for any asset in an inflationary environment. Bitcoin is not special in that regard

@corpingtons Месяц назад

It’s absolutely tragic

@williamwatson689 Месяц назад

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.

@elviswilliams5764 Месяц назад

Thanks for the info. Very good job explaining it. We are in trouble

@nafisanwari4205 Месяц назад

Thank you for sharing

@markparker7778 Месяц назад

Thanks for honestly telling us how deeply f****d we really are. 🙏

@steveterribile4678 Месяц назад

Talk about it.Everybody's just so sick.Nobody even just trying to understand anything other than their struggling and suffering

@francestaylor9156 Месяц назад

Great explanation! I hadn't considered that the government was also banking on hyperinflation to pay off their debts (if they even consider it). I pushed to buy a home before the rates got above 3%. Feel like we got on the last train out. Crazy times.

@mcsegeek1 21 день назад

Neither party is interested in reducing the debt. And people have their hands out wanting the government to take care of them.

@dons3073 Месяц назад

In 1976 a motel room was 5 dollars a night that’s the American dream

@troyminster838 Месяц назад

thats awesome, friends always said I was born in the wrong time frame

@corpingtons Месяц назад

Until we spend money on useless trash

@kevinstrong7520 Месяц назад

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

@austinmcminn2550 Месяц назад

Incredibly quality video. Thank you

@deeprincess3159 Месяц назад

❤Thanks for sharing

@WalkerOne Месяц назад

The problem is that the government is showing no signs of stopping the deficit.

@Highflite20 Месяц назад

Our country will never get out of debt- too much unnecessary spending!

@Hdc2390 Месяц назад

They've been doing this for decades. We're paying for it

@downrightmike Месяц назад

Too little necessary taxing of the rich

@christophergill871 Месяц назад

@@Hdc2390yup look at the cost of living because of the government

@fastfreeks Месяц назад

@@downrightmike The rich don't have enough money to keep up with government spending.

@douglasgeorge6186 Месяц назад

Problem is that your pay won’t increase anymore

@kennedywrightt 21 день назад

really insightful

@bjlyon615 Месяц назад

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.

@TrijesusKnotme Месяц назад

Would you mind explaining why this is?

@milktop1 Месяц назад

This is exactly how it works

@FeelTheSkooma Месяц назад

It's painful hearing him say, "We all still play along"

@localbum11020 Месяц назад

Beautiful video! This was masterclass.

@Slamscape Месяц назад

$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.

@dystopianapprentice Месяц назад

Here’s another perspective. 35 trillion one dollar bills laid down end to end would stretch all the way to Pluto.

@Slamscape Месяц назад

@@dystopianapprentice that one is false. It would take nearly 77.7 trillion dollar bills for that.

@downrightmike Месяц назад

That's the real WMD

@jeffpiatt3879 Месяц назад

@@Slamscape Don't worry, we'll be 77 trillion in debt before too long.

@idepartasair Месяц назад

Another option...CBDC.

@allenbreon1154 Месяц назад

This is scary, knowing that your retirement is at stake too,

@raybod1775 Месяц назад

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.

@happyappy19931 Месяц назад

@@raybod1775 Not to mention the fact the government took money from SS and didn’t pay it back.

@akc783 Месяц назад

I already gave up on retirement

@deelee4933 Месяц назад

Don't depend on retirement. Can't even depend on the value of the dollar.

@VPDJTrump Месяц назад

I found myself screaming at my phone around the 3:30 mark.

@greatnessT Месяц назад

I like how you explain things.

@megavega9606 Месяц назад

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

@melissa4685 Месяц назад

Started watching you in 2018 as an accounting student, so happy to see you woke up too!

@mpumelelobeyers957 Месяц назад

2:50 bro 1fiddy for happy meal ☠️☠️☠️

@annaolson6386 Месяц назад

We're so screwed in this country.

@dis4980 Месяц назад

Screw or be screwed comrade.

@annaolson6386 Месяц назад

@@dis4980 it's hard to screw when you're on the bottom with no way up.

@quino7557 Месяц назад

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

@noctisatrae7281 Месяц назад

Your tie is gorgeous :) good video btw

@DrMatey215 Месяц назад

The intersection of debt to income has already been surpassed. It's downhill from here.

@stephenrogers4537 Месяц назад

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)🏆