The US debt crisis is getting worse as the US government’s spending is out of control. While the debt ceiling will likely be raised again, the bigger danger is an eventual default by inflating the debt away. We must understand this hidden danger coming and prepare before it’s too late.
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✅ Timestamps & Chapters:
0:00 The Horrible Debt Crisis
1:26 Why A Default Is Unthinkable
3:44 There Is No Escaping This
5:52 This Will Be The True Debt Default
8:24 Trust In Hard Assets
10:58 The Wealth Reset Is Already Here
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18 Comments
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US astronomical debt is getting out of control. Congressional Budget Office (CBO) projected that annual net interest costs would total $399 billion in 2022 and nearly triple over the upcoming decade, soaring from $442 billion to $1.2 trillion and summing to $8.1 trillion over that period.
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Either insurance or free schemes will be clipped or will take a beating/reviewed otherwise there's civil war either today or in years to come
The rest of the world will carry on without the US.
There is no ceiling.
Apparently the sinking United States of America is planning to bring everyone down with it.
The currency has already been debased .. the coins are not gold or silver .. and .. if the US national debt is $93,785 per citizen , They are already debt slaves … Thanks x
All other countries would be inordinately silly to approve of the increasing Debt the US continue to build with no end.
Hey at least we are able to give tens of billions of dollars to Ukraine.
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I bought a 100 oz bar of silver about 3 years ago. Thinking of getting 4 more.
Simply do not lend them money let them crushed! But the US govt can give a billion dollars to Ukraine lol….they can raise the debt ceiling the question is who will lend them money? Who is crazy to lend them?
Even with all the insanity we've seen so far this decade, it's extremely difficult to imagine the biggest economy in the world defaulting.
My option on real estate it's that if there really is run away inflation and more and more people cannot afford to buy or rent homes. It doesn't mean rental assets will keep pace with that inflation or out perform. Housing is such a politically touchy topic that once levels get a certain level politicians will enact laws to act to suppress the price of housing resale and rental markets in the form of hard caps or sliding scale of some sort. Like if market rent is such and such you must rent to an applicant if they apply though some govt housing program at a discount based on the tenants income level. It will be political suicide if they didn't and just let real estate keep climbing because housing is such a basic need.
Just a side show…the seven hundred trillion in derivatives is locked and loaded and ready to explode.