Will The US Debt Cause A Collapse? (And What Should You Do?) 

Moral of story: there's nothing you can do about the national debt, keep your finances in check

“End of the world” is one thing, but the end of the dollar as the world’s reserve currency is another problem entirely. Why conflate the two?

I gained a much better perspective of life after listing to my grandparents experiences during the depression. Fortunately they lived in rural farming areas and could grow food and hunt for it.

"Not any crazier than any other moment in history" I sure don't wanna live through some of the things that happened in the past.

I strongly believe everyone just needs to chill and turn off the news and social media for once. Rumors of economic collapse has been talked about for the past one hundred years and yet we are still here. Enjoy your life, worry about the things you CAN control and let God do the rest.

Dave, your Dollar was worth way more than what it's worth now. That is due to spending and inflation. This young man has a valid question. You do have to be a bit smarter these days with a dollar since it is worth considerably less. Facts.

Focus on things you CAN control and not on things you CAN’T and you will have a much greater chance of success and happiness. Most of the doom and gloom we hear today is completely manufactured to influence us one way or another.

Dave doesn't mention de dollarization...countries are ditching the dollar. It is done. Prepare

Daves entire strategy depends on this system continuing. It will crash hard at some point...and we aren't far off ...

The problem is that people don't look back in history. All they know about is right now. Mention the Great Depression and their eyes go blank.

Dave called debt “the boogey man” even though the show is all about getting out of debt. Debt on an individual level and a national level have consequences.

Wasn’t Dave just recently acting smug and saying that the dollar wouldn’t collapse and that those people are conspiracy theorists? 🤔

Dang, I’ve kind of lost my interest in Dave’s program, he’s actually becoming like all the others higher on the tier giving flippant advice from behind his millions of security and forgetting what it was like on the bottom 😏 His advice comes from where he’s at now not where he came from and how he got there. Don’t be ignorant in thinking everything is going to be ok !!!

Dave still doesn’t get it. You can’t balance the budget in a monetary ponzi

I love the optimism and gratitude here. I guess it comes down to the serenity prayer (paraphrased) ... worry about what you have control over and deal with it, and let go what you don't have control over, and pray that you know which is which. Great video.

Should be more worried about the death of the petro dollar than debts

But one day it will happen, Jesus is coming back, no we don’t know when, but we have to be ready and prepared. It has gotten worse and it will get worse because God has been taken out of much of our society, which has prospered for many years when America was following their beliefs. There will always be enemies to our nation because of that. One day it will come true. ❤️

We don't really know where tipping point is ! Don't underestimate the issues of this moment in history ! Our security is at risk in more ways than at any other time. May God have mercy on us all !

As most probably know, the word "news" was created as an acronym for north, east, west, south. My wise beyond his years youngest son says news really stands for "Not even worth seeing"! I agree with my son.

Don’t worry about what you can’t control. Work hard, invest and be smart with your finances and you will be just fine.

The national debt is like lifetime smoking - the damage happens slowly over a long period of time then it’s too late to reverse, ending in death.

Dave, sometimes you are a little too smug. I am retired now, but was working in the technology industry back in 2000. Regarding Y2K, my company worked all of the year 1999 to fix all of our Y2K bugs. And there were a lot of bugs in the software. I worked for a manufacturer of building automation equipment. Computer control of HVAC, lighting, door access. There were many issues in the software regarding scheduling and such where things were not handled when the clock rolled over at midnight on Y2K. Equipment would have shut down. So you can act all smug over the Y2K thing, but it was real. It could have been a big problem. But many thousands of people worked long hours to ensure it wasn't a problem and people like you could make jokes about it later.

The reason America hasn't fallen is because God still is showing mercy to this country. Once His hand is lifted anything can happen. America is still a great country (coming from a Ukrainian immigrant living in US for 24 yrs)

I disagree we live in anew world that cant be compared to ANYTHIGN in history...there was no internet there was no information spread like it is today...

Wish they would have given the kid some useful advice. He wanted to hear some wise investment strategies for growing up in a bankrupt world - not "don't worry about it".

The guy on the corner screaming the end is near and the businessman screaming make it happen are both right in their own worlds.

I'm more amazed that this senior is taking a personal finance class in high school

As a devoted Christian and believer in the bible (Revelation). Dave, the end of life and the return of our savior, Jesus Christ is near!! Talk about that, dear sir

Dave is a smart guy, but we never seen whats going on right now in the past, right now it’s uncertainty

But this is the first time in US history that our debt is far above our GDP.

It's like saying death will never happen as you get older since it hasn't happened yet.

You can always reduce debt through increased inflation. If inflation is 3%, every 24 years the debt amount value relative to whats made goes down by half effectively. So every 25 years or so.. 15 trillion debt today feels like 7.5 trillion. 25 years later feels like 3.75.. etc. Doesn't make it less dumb.

They laugh about it but this system will crumble!!

I love this show ! I hate how everyone is a yes man /yes woman . Whatever Dave says that’s what goes. The cast is not opinionated

Dave constantly states that individuals should do everything possible to avoid debt. But when the nations debt is mentioned, he just shrugs his shoulders and suggests we all just have to live with it. It's just one of those things we have to live with. No big collapse has happened in recent times, so just chill, and don't let it concern you too much. Wow.

I stopped paying attention to what’s happening in Washington and in the news years ago. I have much better peace of mind and don’t waste energy worrying about things I can’t control.

When I was a teenager, I remember a guy that made a big deal about people not taking Y2K seriously and lost friends over it.

The dollar is collapsing, not a lot you can do, just don't take the bait of CBDC. they will try to get you to convert. That is the goal total control. It will come Dave... The answer though isn't worry, it's getting your financial house in order, and having things of real value, not everything in just money.

😅 The thing about foresight is you can change your actions to create a new future which is what usually happens. A reaction to the warnings solves the problem. As bad situations are forewarned about but usually don't come true. This doesn't mean, we should never react to these warnings. It means by reacting to this information we have changed the course of outcome to a more desirable situation, and have avoided the undesirable outcome. Avoiding the undesirable outcome should be the desired result. When the sign in the road tells us there is dangerous curve ahead we react by becoming more observant and reducing our speed making it easy to avoid the problem. But if we ignore the warning signs we fly off the edge of the cliff.

Dave is the best in the world when it comes to the psychology of getting out of debt and building wealth. The mechanism that he uses to grow, his money is the magic of compounding. That compounding only works if some foundational elements are present. People are recognizing that these elements are being destroyed and that there will be serious repurcussions (sp?) when they do.

Hey Dave, what is "different" this time is the end of the dollar as the world's reserve currency. That is certainly not a conspiracy theory, it's happening now.

Printing money hurts those sitting on cash.

US national debt will cause devaluation of dollar

Thank you Dave for this message. This has been something that has also been bothering me. The algorithm worked in my favor this time. Thanks again!!!

Predicting nothing will happen, is also a prediction 😊

People are hurting and these people are clueless. Far removed from reality.

Dave is right about watching all the news. It’s depressing.

"I've seen a lot of trouble in my time, but fortunately, none of it came to pass." -Mark Twain

Good to know Dave doesn't think debt matters. That's a relief!

Dave is the Titanic band playing to the bottom.

Very good points. Take a breath and stay moving forward. Focus on your situation and worry less about the mistakes of others.

how i think it's going to affect him: more national debt coupled with more countries going off the dollar system will mean more inflation because your dollar will become worth less and will result in less of an ability for the US to borrow, IE, sell bonds to countries who want to hold them in our currency, so there will come a point to where we cant increase the national debt anymore which will mean major budget cuts. so its even more imperative he and others get ahead of the curve.

This is a shortcoming with Dave. He employs a panel of realtors, investment strategists and portfolio managers… he can’t tell people the reality because it would put him out of business… this moment in history is unprecedented.

Is it just me or this lady kind of forces herself to laugh at Dave's jokes?

One theory is that because of high debt, at some point in time US need to increase taxes across the board. So, some people say it is better to invest in ROTH kind of retirement account vs. tax deferred retirement accounts. Not sure it is worth, because money will grow more in tax deferred account vs. taxable accounts and compounding will do its magic!!!

Dave is not addressing the nation's debt, I feel like he's being naive or doesn't want to believe a crash disastrous proportions is coming. If our value of the dollar goes to half its buying power. It will be much more difficult to keep investments lucrative in the dollar.

Prepare. We are seeing many things like never before. I see your point but there are concerns.

Y2K was because many computer represented the year part of dates with 2 digits. The fear was that after Dec 31, 1999, computers would represent the year 2000 as '00' and cause global catastrophic failure for many systems. Nothing happened.

The best answer is to invest and save, in case it does happen. I do not trust that social security will even exist in a few decades.

Jade said something that I have thought (and sometimes said myself) and that is that I believe that financial things and some other types of things are cyclical in nature. They have their ups and downs. So what might seem like a catastrophe one day may turn around later and be alright after all, due to things running in cycles.

Jade has the oddest courtesy laugh

Interesting woman , talks normally, no “ I seens me “ , no, “ lemme axe you “, no foul language…..how refreshing

The comment section has shown that they don’t watch the video, they just read the title and assume what the video or Dave or whoever is saying. In this video, Dave keeps to his opinion and his idea that it’s not going to collapse and not to worry or fret about it.

6:13 “conspiracy theories,” seriously Dave. Here was a golden opportunity to talk about protecting one’s wealth by true diversification but he blew it.

No, no collapse, at all. The nat'l debt clock was turned off many years ago because it's meaningless, the U.S. owes interest to the private company: Federal Reserve, which it pays massive interest payments to. The U.S. has very little foreign debt and even those debts have huge interest payments made to them, so, if the U.S. defaulted, those payments would stop, which no investor wants. I say we end the Federal Reserve, asap, and cancel foreign debt payments today and start all over again.

Dave isn't saying debt doesn't matter. He says that it's terrible and out of control in the beginning of the video. He just saying he can't control it and he doesn't lose sleep over it.

Y2K was a legit thing. I was working in rubber mold injection at the time, and we had a machine that had a computer running an operating system built before Widows 95. The calendar was a few days fast, and sure enough, at midnight it shut off. The supervisor came over, restarted the computer, we laughed about it, and kept on working. On New Years Eve, I was on WebTV, hanging out in a chat room, and no one was worried about because Microsoft said, we new there might be an issue, and we took care of it. Fear gets the headlines, solutions get burred on the ninth page page.

Wow, Dave is finally admitting the debt is a problem

We see the solution to the debt. Inflation. The debt will become a problem when it can no longer be sold.

"No one knows at what percentage the debt’s deleterious effect on economic growth becomes severe; no sensible person doubts that there is such a point." - George Will 2018 I have no doubt that it will cause harm, but I can't do anything about it so I don't waste energy worrying about it.

Dave, the boogy man is mathematics. No jive will alter it's course, all fiat ends this way. Ignore monetary collapse math at your own risk. Purchasing power is down 80% since 1980.

The most direct effect of the massive spending is inflation, the tax that no one can avoid. Our buying power has declined due to it.

Throughout history, empires/countries have collapsed, and society has continued. We’ve invested in land and ways to grow our own food. 😊

But there's also never been another point in our history that we had to borrow money to pay the interest on our national debt.

Why does she act like everything dave says is the most insightful golden bit of wisdom.

He knows little to nothing about international monetary policy. We know it’s about to implode because the factors that’s kept us afloat are coming to an end.

The angels will release the winds at some point. The only reason the collapse hasn't happened is God holding it back just a little longer.... waiting for his bride to be ready.

And the reason we've always been able to be okay is because of the resiliency of the US dollar. Now with even our allies moving away from it... Yeah we should be worried.

Money based on nothing, created from nothing, with interest charged on nothing. GREAT SYSTEM

Pretty good discussion. I like the moral of the story, definitely something I need to be careful of.

😂 hey Dave the national debt is not a boogey man. Dave went from beans and rice to water and bullets. Bogaloo man no fear no boogeyman

I wouldn't be worried either if I was a multi millionaire

The lady's nervous laughing tells me that the dollar is near death

I mean, all US debt are calculated and paid with US dollars. When Federal reserve feels the debt is a little high, just print more dollar and all of a sudden the debt shrinks.

I think the debt is a problem. All Jade does is agree with him. Because she gets a paycheck from him.

I'm more concerned about all these countries dropping the dollar

When WHO links our obedience to mandates & bank accounts people would move their funds. Nothing like paying administrators to betray us. HR 79

The difference in modern times, is the fact the “conspiracy theories” are consistently proving to be true. They aren’t spewed by the “nuts” anymore. They are coming to life.

If quantitative easing is the solution to America's financial problems, why not just provide every citizen with a money printer, enabling everyone to become billionaires, and even trillionaires?

The national debt has been out of control for many years. Both political parties are to blame. When individuals live beyond their means there are consequences. When the government does it they just print more money.

National debts is not quite as personal debts because the a nation can refuse to pay back by using military force.

Im amazed Americans are still getting married and having kids. This has to be the worse time in American History to be starting a family

Ramsey is part of the problem.

The stuff they call news now Is the stuff we used to call tabloid . Priceless. LoL 😂

For 1 i have agreed with dave. Its literally hogwash. Hes right for once. The debt is like if i owe my self money

Interesting that Dave’s debt caused his personal economic collapse, and then his own words that the national debt is a reflection of what’s going on with the American people, but we can’t seem to agree that the national debt will incite the same collapse. We can’t get out of this by printing more money, so I’d like to know how we do get out of it. While they sit and laugh, I hope they also consider that teachers come under stricter judgment.😅

No mention of trumps record spending n increase on the national debt. Awesome

God is still on the throne. It will end when He decides. 🙏❤️🙏

Preparedness is never bad

The dollar is the worlds reserve currency, that should safeguard them from ever defaulting in their debt?