The U.S. economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents. Hyperinflation has left the less haves bearing the brunt of the burden. Its already eating into my entire $620k retirement portfolio. Like where else can we invest our money with less risks?
Just get a financial planner straight up! personally, I would invest in etf and also love investing in individual stocks. yes it’s riskier but I'm comfortable in my financial environment.
I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
Vivian Jean Wilhelm is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
This is what happens when the rich and big corporation pay virtually no tax and are heavily subsidized. This is a bit of gaslighting. Medicare is not an entitlement. Every American pays into through payroll deductions. Japanese debt to GDP is far higher.
Japanese debt is mostly internal. It has one of the large foreign assets. It has hardly any foreign debt. The position of the USA is the opposite. Its foreign debt is about 39 Trillion Dollars. It has another 35 Trillion Dollars of Domestic debt. Plus it has another about 35 Trillion Dollars of debt for unaccounted medicare claims, Pensions etc.
Not true. Government spending is why we are here. 3 Trilion annually on entitlement spending. Bad fiscal and monetary policies on both sides of the aisle.
And Japanese debts are owned by Japanese. It can be repayed as long as Japan keeps productions. The US is another story, many wonders how the US can pay back the debts.
@@merrychase9744 Currency collapse is not entirely because of low interest, which has been low for years yet no collapse. Yen collapsing now is because of pressure from high interest bearing foreign currencies. Clearly, Japan cannot raise interest to stop banks from dumping Yens in favor of other currencies, due to its high debt.
technically, US will not default on its debt; but the USD used to replace the debt will be worth a tiny fraction of the initial purchase price of the USD bond.
Excellent Presentation!!! Where can I obtain a copy of this US Congressional Budget Report you talk about in this Presentation?
2 месяца назад
I think that ChatGpt would give you better answers even if it hallucinates once in a while. Howard spoke like it doesn’t matter at all😂😂😂😂😂 this should tell you alone that the situation is bad.
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.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1.25m in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes.Thanks
No. The US has defaulted on her debts several times before. Their solution revolves around printing more money, further making the US dollar worthless. Some studies even suggest that the paper on which the US one dollar is being printed on, is more expensive than the one dollar bill.
Japan currently struggle with its currency due to lack of tools to protect their currency. US already warned Japan not to sell US Treasury to buy Japanese Yen, what tool left available for Japan Central Bank? Sell more Samurai bond to attract international interests or increase its interest rate .
The combined State and Federal Tax burden is already at 50% on U.S. Taxpayers. Not sure where the $$ is going to come from to pay down this Debt. The Govt. cant just keep raising Taxes and squeezing Business for more Taxes and fees.
The US has been printing its way out of default for the past 15 years, will keep doing so until the dollar actually dies. Not sure of the time of that might be another 20 years but probably not more
America needs to implement a wealth tax, a tax on hot capital flows, and radically reduce military spending to eliminate the deficit immediately. Bad, but less bad than letting this nightmare continue to total failed state status.
It is very easy to solve by print more money to pay interest and debt and the value of money will decrease you see inflation all over the world increasing every year
If it mattered, it would have mattered decades ago. Now that oil can be bought with different currency’s, the dollar should have already collapsed. But nothing happened so again it does not matter
Has the interest payment become so high that the US can't pay for it with its dividens? If not, when will it be? Lastly, if the us were to not overspend, the US still could not pay the interest. So, they need to decrease spending by the overspending amount plus the interest amount. YOY it is different, but it is around 4 to 10 trillion.
No need to worry about the US debt...as long as the US dollar remains the world's reserve currency. But if that ends, all bets are off. It is past the point of no return. When new borrowings go to unproductive but necessary expenditures (interest, military, government spending), the price is reducing standards of living for future generations.
No need to worry at all. The Us can always print n export its inflation all over the world including poor countries. The Americans moral is eroding. But who cares?!
The U.S. debt will be totally unsustainable with a aging population retired an a shrinking workforce facing low birth rates, lonely singles facing being aged out of having children to facing technological challenges like artificial intelligence and global outsourcing.
It certainly matters if the USD loses its status as the sole reserve currency and the BRICS and global south use bi-lateral currency to trade or the Rouble or Renminbi. A key question is will the PRC pull all its US investments in bonds along with say Japan. Sanctions, Theft and Corruption by the US and UK financial empire has put paid to any trust much of the rest of the world has with those two. The main problem the world has is the US Military Industrial Complex that is essentially ensuring a permanent war economy and which produces nothing productive other than destruction, genocide, wars and the Climate Emergency along with the 6th Mass Extinction. There you have it. What are the world's people going to do with this US State political and corporate adminstration and those soft economic weapons of the IBRD and IMF debt and austerity? It's about time we looked far more seriously at the financialised-digitised economic system and took a serious step in the direction of eco-economics per Herman Daly - Kate Rowarth and so on. And the western world took a serious step in the direction of deliberative democracy. Capitalism as we know it and neoliberalism are done, they're killing the the living Earth helped along by the billionaire class.
America 🇺🇸 loves 🥰 Hyper Inflation 💸 and will continue to print money 💵 and lower interest rates until the US 🇺🇸 Dollar 💵 collapses ! The American 🇺🇸 Government loves 🥰 Hyper Inflation 💸 so much they want the prices of everything to rise until the US 🇺🇸 Dollar 💵 is worth nothing ! Print ! Print ! Print ! Ha ! Ha ! Ha ! Hilarious 🤣
@@joshbodert-co1xg In capitalism system everything needs money to survives once the system collapse everyone's screwed only the one with money survives.
I just wish Mastercard can do the same for me on my debt. I’ll keep borrowing money to pay off my debt. This way I will never have to spend my own money.
@@idilhussein-ui5bd The working class is already living in trailer parks or under bridges because they can't afford to pay rent anymore! Pay tax from what?
@@joshbodert-co1xg I think there is difference, foreign entities borrow dollars, hence they have to payback to the US . US borrowed its own dollars from its own central bank. They can print their own money, to create a constant flow. The loan keeps on increasing but its just a number, payback isnt crucial. If payback was crucial would they go for war in Afganistan, Iraq, Syria, Israel, and Ukraine? They keep on pushing the loan bar up and keep on spending. As long as the in(printing) and out of cash is in their hands, they can go on. (I am aware about inflation, but that too is relative) They are just fooling other nations with concept of ‘dollar debt’
,.;'#@ nations are sick of imported inflation again and again (because of U$$D Over-Printing), disrupting their economic growth... while us enjoy their spending spree without feeling guilty/shame for the world... in addition, nations are also de-risking their reserves from being looted/sanctioned by us. world-wide de-dollarization is inevitable and imminent, or is it?
I plan to retire at 62 in another country outside the US that is free, safe and very cheap with a high quality of life. I could fully just rely on only my SS if I wanted to when that times arrives but I'll also have at least one pension, a 403 (b) and a very prolific lnvestment account with my Abby Joseph Cohen my FA. Retiring comfortably in the US these days is almost impossible. I honestly don't understand why people don't move to another country when they get older in retirement. It seems everybody has excuses for almost anything to not take action to better their situation.
I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Abby Joseph Cohen. I am at $128k right now and LOVING that you have to bring this up here
@ohmakure4716 her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Abby Joseph Cohen hooked me up with a late-stage fund that got me in on private shares of some hot companies before they hit the market or blew up. Those investments totally paid off when the companies went public and their stocks shot up. Now, I'm stoked because I'm heading into retirement with almost a million bucks in my portfolio.
|}{)(* nations are sick of imported inflation again and again (because of U$$D Over-Printing), disrupting their economic growth... while us enjoy their spending spree without feeling guilty/shame for the world... in addition, nations are also de-risking their reserves from being looted/sanctioned by us. world-wide de-dollarization is inevitable and imminent, or is it?
Swifties are in a cult. They get together to worship the cult leader for being incredibly wealthy, by giving her more money. its insanity. Historians in a few hundred years will look at it as a religion.
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China doesn’t own that much US debt anymore. They have been selling and not buying new T-Bills anymore. That’s why Yellen was in China begging the Chinese to buy US debts.
Right. The issue is people think it's because China doesn't value US Dollars. Not true. They simply don't need US dollars as they used to. They are working hard to be dollar independent. They want their currency to compete with the dollar. This would happen regardless of they're relationship with the US. They want to be have more control and autonomy.
It's actually 34.9 trillion dollars and paying 1.6 trillion in interest and still rising by the end of 2028. America debt will be at 45 trillion dollars and paying 2 trillion dollars in interest, so yeah, America has reached it end just like Britain did
USA solve debt problem by print paper money to pay back mean it will become paper no value this is your risk that will be managed it is not USA’ s risk
Britain reached its end WWII which is when the US became world reserve currency. It took a war not an over printing of its currency. Your last sentence is dead wrong.
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
For the time being, I would stay away from index funds, mutual funds, and particular stocks. The best option available at the moment is a five percent fixed income. Set aside funds for when the market begins to recover significantly.
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.
monica mary strigle is the licensed advsr I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
From paying for day care and college, to managing mortgage payments. I'm approaching retirement yet inflation is getting worse. How can I generate more income to retire with at least $3m for long term care? I have about 750k in savings.
You're right, I and a few Neighbors in Bel-Air Area work with an advisor who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portfolio grew by close to 30% in the last quarter.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
i've experimented with a few over the past years, but I've stuck with the popularly ‘’Amber Kay Wright” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up
Thank you for the lead, searched Amber by her full name and at once spotted her consulting page, she seems highly professional having over 12 years of experience. amazing!
@@TheStonesQT93 This was a very good job of reporting on the issue. It is a problem for the US but worrying about defaulting on the debt is just hyperbole. The debt to GDP ratio was 119% in 1946, and the US still managed to bring it down to 31% in 1981. And that shouldn't be confused with the US paying down that debt, because overall federal debt grew from $253 billion to $998 billion over that period of time. If a country like the US solves this problem with reduced spending you just get economic recession. The US needs to grow itself out of this problem. The federal debt is growing by about 5% annually, which is the same rate of GDP growth over the past decade (2.1% after inflation). So the current deficit appear very manageable given the country's current economic strength.
As of last years figures the dollar still accounted for 80% of trading globally. Many exchanges brics nations are on one side of are still made in dollars. The dollars use internationally will fall in the future but very slowly
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work more days, get paid more. Ok, but then what would you do with all that money? There's no time to enjoy it. Oh and then you just die eventually. What an existence.
Because the 100 USD bill itself is worthless for you as it's printed for government spendings, but you have to pay the 25% of interest to the feds! The weight on the people is ever increasing as 25% of the US GDP goes to welfare and 25% goes to the military, 25% goes to the feds to pay off interest! Only 25% is left for all other things necessary such as education, healthcare, infrastructure, public transport, government costs such as salaries, insurances etc. The moment they print money that 100 is already gone and has no return!
He is wrong the largest expenditure is the military and giving tax cuts to rich people through loopholes in the current tax code. It’s known as buy borrow and death. So ending those tax cut will not result in more money in the country’s coffers
@@danwelterweight4137 It's the military and all the millions of dollars it wastes in lost money, equipment, and weapons left in other countries. There was waste of 778 billion out of the 916 billion budget going to defense contractors. Social Security is funded through the taxpayers' payroll contributions and if Congress would stop using the money for its endless wars then it would be solvent. Congress takes 2.9 trillion dollars out of Social Security annually. So if the biggest expenditure is SS why is Congress able to borrow money from its coffers annually and cry that its becoming insolvent?
@@mkrisch1986 This does not include the money wasted every year by the military through leaving equipment in other countries and paying defense contractors for overpriced services and products. If you include true fraud and waste the annual budget for the military far exceeds all social programs. For the sixth year in a row, the Pentagon failed its annual audit. The result is not a surprise. The Department of Defense's assets are vast and decentralized, amounting to $3.8 trillion alongside $4 trillion in liabilities
@@LaVondaRedmond-wb8fkAre you serious? Do you know how much fraud there is with social programs and welfare? The entire US budget has massive waste and fraud.
When other countries exchange their US treasuries for gold, the debt or excess US dollar flows back into the US market. This reverses the export of inflation to the world since the dollar was depegged from gold. Eventually, the USA will be hit by hyperinflation, and the perception of this will accelerate the dumping of US debt for other safer assets like gold. Just ask yourself this question: Let's say the USA decides to resolve the debt issue. How are they going to do it? What can they do? When you look at all the possible outcomes, you realize the impossible.
6:40 "Japan has twice as much debt as the US..." But then they have as much foreign asset as their debt. Funny enough Japan (and not China as many many think) is the world's biggest US creditor with U$1.08 trillion in US treasures. Although everybody knows Japan will never sell them for they're effectively "the unofficial 51st state of the US." (something I hear a lot on Japanese media since forever, or, at least for 30 years I've been here.)
Big number = scary. If government spending is the cause of inflation, why is japan, the country with the highest debt to GDP ratio experiencing deflation and Argentina, who just eviscerated their government spending still experiencing outrageous levels of inflation? This model of understanding inflation appears to have absolutely no predictive capabilities and seems entirely inconsistent with reality.
Japan owns most of that money to itself. Japan debt is debt is $9.2 Trillion. Japan can afford the interest payments on that debt. That is nothing compared to the US $34 Trillion today soon to be $50 Trillion by next decade
The US can 'afford' this huge debt since their economy and population is growing at a faster pace compared to other countries like UK, Japan and Italy. USA's economic prospects are simply better.
Well, it just confiscated land from Indigenous people, Northern Mexico (paying chump change for it at gunpoint), Puerto Rico, and others. If it can acquire land by legislating it to be its land, why can't it just declare that it's debt is null and void? Or do something like that?
~!@#%^ nations are sick of imported inflation again and again (because of U$$D Over-Printing), disrupting their economic growth... while us enjoy their spending spree without feeling guilty/shame for the world... in addition, nations are also de-risking their reserves from being looted/sanctioned by us. world-wide de-dollarization is inevitable and imminent, or is it?
Well... instead of causing trouble overseas, use that money to modernize infrastructure and the well-being of its citizens in the USA. That will make USA more competitive and perhaps even work with the global community.
More competitive with whom exactly? The US has maintained the worlds largest economy since the 1800s not to mention still dominating Future tech like AI
@@seanthe100 That is seriously debatable. It may have been for the last 100 years, not the last 200. And USA is in denial about losing its grip on modern world and its influence.
