Wait - didn't you forget that USA can simply create new dollars and pay off its debt? ... causing HUGE inflation of course but then the debt is paid in full.
@@DavidFilskov Well yea, that is the obvious solution. But this would result in a complete crash of the dollar, the world might even stop using it as the reserve currency because of its instability. Investors would invest in other currencies as well.
It would definitely weaken USA's sovereignty also because the people who got paid all those new dollars would probably use their strengthened monetary power to buy a lot of resources and business in America.
REALITY CHECK: Mr. Buffett, we electronically generate we the peoples' $s in order to meet federal expenditures without any real negative consequences, and without the need to have even one cent of federal tax revenue $s being involved which translates to mean that we do not have a national debt in the first place. To belabor the point, it is impossible to borrow or payback, for that matter, we the peoples' electronically generated $s, thus no real national debt, just a pretend national debt that is really nothing more than our irrelevant federal deficit, as far as the amount whereas exactly what we the peoples' electronically generated $s are being spent on is the real issue. My full name is Oscar Dean Windham, and I am the most censored, the most suppressed scrivener/author in the entire world because I comment publicly about the fact that we do indeed now routinely electronically generate we the peoples' $s in order to keep our federal government's lights on, so to speak.
@@DavidFilskovNo. The belief that “printing money” is the answer is a dangerous one. Think of it this way, there is only 100% of anything. So, for arguments sake, think of the value of the dollar presently as our 100%. If you print more money, that means you’ll have more dollars divided by the original 100%. This means that the value of each dollar becomes diluted or devalued in order to keep your 100% value. If this continues on a global scale, then our dollar will be devalued and devalued until the dollar will be valued at lower rates than other currencies from other countries. When that happens, America will not longer exist.
The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenback. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag...
Gold might crash in a liquidity crunch, but many precious metal holders are prepared for this and unlikely to be forced sellers. The paper market would tank and possibly collapse. Hearing from an experienced investor who has overcome adversity is motivating. It can be scary when your portfolio turns red, but if you've invested in strong companies, stick to your goals and continue growing them
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
The government can either default, pay it back through massive austerity/reduction in annual deficit spending, or inflate it away. I bet it will inflate by printing more US dollars to service it. So buckle up, retirees!
The debt is high because we are trying to run a government that doesn’t tax the rich which simply won’t work. We need to get back to 1960s tax rates so we can start running surpluses again. Certainly we can save on the spending side too but it’s the lack of revenue that’s the biggest part of the problem.
somewhat but almost no Federal income tax is paid by 50%+ of tax filers - and that percentage doesn’t even include the many who don’t file at all. This is the largest percentage in recent history of Federal income tax. But getting rid of that freebie for a majority of Americans is going to be very politically difficult.
The debt load is staggering, and it's crucial we address it. I've been following the work of the Hoover Institution, which highlights the consequences of high debt levels, including reduced economic growth, increased interest rates, and decreased government flexibility.
As an investor, I'm concerned about the impact of this debt on the market. it would most likely lead to volatility. To mitigate these risks, I've partnered with a top ranked fa and a hot topic even among financial elitist in lower Manhattan. who has helped me diversify my portfolio and invest in 'real' assets. Our partnership has yielded impressive growth, positioning me to weather economic storms. she helped me rebalance my portfolio for rising interest rates, invest in dividend-paying stocks and REITs, and explore alternative investments like gold and precious metals. This proactive approach has protected my investments, ensuring long-term financial success. I encourage others to consult an expert and create a tailored plan to navigate today's market challenges.
Nominal GDP growth is averaging around 5% per year long term. This means a balanced federal budget will reduce the debt quite rapidly as a percentage of GDP, with no drama whatsoever. We can even comfortably run a 1-2% of GDP federal deficit annually and still have the debt reduce as share of GDP at a decent clip.
Sorry Investor Center you have your facts wrong about Social Security. Social security is not paid for from the General Fund, it has its own separate fund called the Social Security Trust Fund that covers the difference between the funds collected by FICA taxes on income and payroll and its Social Security payments. So social security is self-funded and does not contribute the Federal outlays. We cannot cut Social Security and reallocate the Social Security Revenue and funds to pay for other programs, thus, cutting Social Security will just increase poverty in the elderly and not reduce the deficit. Social Security FICA taxes should not be included in the Federal Revenue numbers by that logic as well. Controlling the deficit is about making choices about discretionary spending of revenue coming into the General Fund.
The problem is, that every time Republicans control everything, they give huge tax cuts to their wealthy donors and add them to the deficits. That has caused the majority of the national debt we have now. The wealthy pay virtually nothing in taxes anymore as a percent of their income. About one third what a working family does. With the people that have all teh money not paying taxes, that kinda causes. And no, in 40+ years, not a nickle ever "Trickled Down", they kept it all. Yeah, and bought your house to rent back to your, maybe that is the trickle down Republicans are talking about.
"...at the suggestion of Elon Musk I will create a government efficiency commission task with conducting a complete financial and performance audit of the entire federal government and making recommendations for drastic reforms..." Donald John Trump Yes! Yes! Yes! "...I can end the deficit in five minutes you just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of Congress are ineligible for reelection yeah now you've got the incentives in the right place..." Warren Buffett All the rich people who created and benefited by the problem are now going to tell us how to solve it. hmmm...
I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Charlotte Grace Miller for helping me achieve this
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Well, as one of the richest BILLIONARES in the world, Buffet fails to mention how the cash give-a-way to billionaires like himself have contributed TRILLIONS to this debt! Imagine, a billionaire doesn't think he is part of the problem.
Don't forget, last time Trump was President, they cut income taxes and soon the federal tax income set a new record high; of course, the politicians spent all that and more. Lower taxes stimulated the economy, people and companies made more money and paid more taxes. Further: a lot of what we hear about taxing the rich is just simple empty BS, there are not enough rich people to make that much difference; and, we should not call this "trickle-down" economics, which was a theory that the rich would spend money for goods and services and the rest of us would work to provide all that - again, there are not enough rich people to make that work. Cutting taxes leaves money in the economy to build factories and companies and create goods and services for all to buy ("supply-side" economics) and people who have jobs can buy things. We are in debt because the government steals our money and spends it foolishly.
*I hit $113k today.* Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.
It's essential for you to have a mentor to keep you accountable. Myself, I'm guided by Evelyn Vera. for years and highly recommend her I focus on him. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
*I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.*
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.
People dismiss the importance of advisors until they are burned by their own emotions. I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. He has helped me raise my reserve from $275k to $850k, despite inflation.
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience.
Let Warren Buffett solve it. I am all for what he proposed. Solving problems is what counts, getting reelected is not a good incentive for solving problems. That's what got us the problems to begin with.
@@RipMinner But reelection could also be based on power. Not just money. It should be based on improving the country's well being and prosperity as a whole for all people in it.
No mid terms. 1 four year term only. No pension. No large pay checks for any government, your supposed to be doing a service to the country. No lobbying. Support staff reduced by 50% like the private sector.
Our new old President wants to look to the private sector for advice, with Musk and Ramaswamy working on it. No doubt they will pay attention to other noted business people like Buffet. We will need help in Congress to do whatever can be done, and that will be difficult if the Democrats stick to their old slogan from a recent Democrat President, "IwillnotnegotiateIwillnotnegotiateIwillnotnegotiateIwillnotnegotiateIwillnotnegotiateIwillnotnegotiateIwillnotnegotiate." They do not need to negotiate, because they want to fundamentally transform America (into a failed state?); bankruptcy will destroy the America we have now, leaving them an opportunity to create their brave new world.
The US spends more on defense than the next 65 countries COMBINED. Nearly $1T... That is OBSCENE! The damage would be if you cut that budget... MANY jobs would be lost and hurt the economy even more! We're running on a gerbil wheel! That's why Musk wants to crash the economy and do a reboot, which will only hurt the lower and middle class, of course...
Much of it (Defence spending) is social security of medicare for veterans, national civil engineering, make work activities for the lower strata who avoided jail, etc. It (spending under defence budget) also makes US look Big, when other nations want to look 'lean' about their aggressive tendencies ;-)
It’s too easy to say cut defence but actually that is really is the beginning of the end of the US. Debt and not being able to sustain its army that will be the end of this Empire
Alright, I’ve been sitting on this 78k emergency fund like a dragon hoarding gold, and now I’m thinking it’s time to do something smart with it. Bitcoin? Crypto? Stocks? Gold bars under the mattress? This ‘Trump Bump’ sounds like a party, but where’s the VIP section for beginners like me? Any tips before I YOLO my savings?
Follow the S&P 500 by investing in ETFs like VOO, SPY, and SCHD. Dollar-cost averaging into these ETFs will likely outperform most investors in this bull run.
Hey, respect for stacking that $78k! But YOLO-ing into crypto might not be the move, bro. Markets are wild right now. I was in your shoes and got a financial advisor who showed me how not to gamble my savings away. Best decision I made-seriously, look into it before diving in.
Man, I feel this so hard! I’ve got cash ready but no clue where to start or how to find a solid financial advisor. Seems like everyone’s either trying to sell you a course or a scam these days. Any advice for finding someone legit?
There are a handful of CFAs out there. I've experimented with a few over the past years, but I’ve stuck with MELISSA ELISE ROBINSON for some years now, and her performance has been consistently impressive. She’s known in her field-look her up.
I just looked up her website on google and I would say she really has an impressive background in investing. I have sent her an email hope she gets back to me soon. Thanks
Nor can we spend our way out of debt. Hyperinflation and ultimately the demise of the currency system! Where going to witness it? I think that's for sure!
Increasing taxation just means the government will spend even more. Governments are not there to help you they are in power to control you. It is counter intuitive but if you keep income and business taxes low the government actuall y collects more tax. Why? its called the Laffer curve. No need to have complex tax structurs if you keep the tax at 15-20%..
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
Svetlana Sarkisian Chowdhury a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Let's see...the people in government spend more than it should and then expects bailouts by those who learned to control their spending aka the 1%. Makes total sense. Also, as a country spends more than they should and then keeps implementing higher and higher taxes it only ends up benefitting the 1%. But hey, no one learns real economics anymore. That's for suckers.
@@carloscruz1285they control their spending alright, who funds the campaigns again? So the people we vote for are put into place by who’s massive pac donations? 😅
@@jamese.9239 yes. That's called controlled spending. They are making an investment and on top of that they aren't dumping all their life's savings into that investment. Really? This was the strongest argument you could bring? Furthermore, ask yourself this: Why do most of the top 1% support democrats? Answer: Because democrats want higher taxes and more spending which causes inflation to rise. You know who benefits from these policies? The rich. How? Well when middle class people can no longer afford to hold onto their assets, guess who's waiting to scoop them up? Rich people. The rich aren't becoming poorer when these policies are implemented. What greedy rich people do not want is a level playing field. This is where poor and middle class people have a chance to reach the 1%. Lower taxes, less government regulation, lower inflation, which causes assets to be more affordable and the poorest can rise to the top. Common sense isn't so common anymore. 🙄
The top 1% will pay most of the taxes. However, what eventually ALWAYS happens as “Tax the rich” laws are passed, is those laws affect the middle class the most. As they are for the most part living pay Check to paycheck.
For the Newbie if you are actually trading in the crypto space and you don't have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that's sad truth. I remember when i just got into crypto back in 2019 but later in 2020 i ended up selling it because i have lost alot trading all by myself without a guide. Got back into crypto early in 2024 with $20k and I'm up with $232k in a short period of time
Tracy Britt Cool Consulting... has always been on the top of my list.. She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
I recently started trading last year in April, invested 50k in the market, and my portfolio is currently worth slightly over 190k. That's a lot more than I make in a vear from my job.
"The Basics" are the "participants" are not paying their share of taxes while they accept the countries environment that allows them to benefit from it.
@@murdo_mck He is also on record of having one of the biggest lobbying presences in DC. On a weighted basis he has more presence than Apple and Nvidia. It's easy to show clips about him talking about his secretary while ignoring his government contracts. I mean his Coca Cola shares alone will bankrupt the US from diabetes.
I'm 51yrs old. $40,000 weekly and *I'm retired, this video have inspired me greatly in many ways that I remember my past of how I struggled with many things in life to be where I am today!!!!* ❤️
Same here waking up every 14th of each month to 210,000 dollars it's a blessing to l and my family... I can now retire knowing that I have a steady income❤️Big gratitude to Maria Frances Hanlon
Mr. you say , that. anytime there is a deficit of more than 3 % of the GDP all the sitting member of congress are ineligible for reelection , haw can that happen if they are the one that make the low?
Crash or no crash, when everything is pushing ATH, it's time to start trimming some of the fat and increase dry powder. looking at the growth projections of 7-figure portfolio I can't tell where the market is headed, Do i hold on or perhaps I should just sell off assets and avoid the panic?
Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2023
I've stuck with ‘’Sophia Irene Powell” for years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
The argument over who gets the next tax break has been our downfall financially. The leaders have been afraid they couldn't get elected if they hinted at austerity. Everyone pays a bit more in taxes and little or no new programs. And some streamlining in government. A flat rate of tax with no limit and no loopholes. Those who benefit the most from our country owe to most to it for their prosperity. Not a popular view with anyone but is a reality check.
Its not that the US cannot repay its debt. we can. the problem is that when we have a positive deficits that start lowering t he debt, we have congress seeing an opportunity to spend (and waste) money, thus making us have more deficits for that year. we need a congress that isn't going to overspend, so we can reel in the debt owed slowly.
So the question is, do we, as a country, take care of our people, or do we cut taxes for the top 1%. Answer: cut taxes for the 1%. Why? Because they are the people who matter.
I'm old enough to remember a quote from Dick Cheney, something like "this is our due" about tax cuts for the wealthy. Those rich guys really deserve a break😀 Buffett says otherwise but what does he know ...
The top 1% are in the highest tax bracket. The IRS will take extra money to pay off the national debt. You can send the difference between your tax bracket and the top one to them.
@@camgerewhile that’s true. The ultra wealthy pay very little to no income tax. The live off of loans taken out against their stock investments. Loans don’t count as income. When they do sell stocks for cash, the capital gains tax is capped.
@@DeltaHouseStudios Here in California even long-term capital gains are 20% federal plus 12.3% state. 32.3% is NOT "very little". They can and do lose principal in investments. Their investments may well allow your company to hire more employees. Your paycheck is risk free short of the company going bankrupt. Maybe the real question is why are they so productive and you aren't?
If the Govt. balanced the budget and paid down the debt 100 billion a year, it would take 350 years to pay it off. That's why they say it can't ever be paid back.
List the countries that can repay their national debts. Take into account their debt to GDP ratio. The GDP seems to have been driven by government debt, not by real economic growth. The entire world is at the edge of a precipice.
You made a comment of "GDP as a part of government spending" I think that's actually the scariest part of ouf economy. And even scarier, we could patch together a history of this going as far back as FDR and with each passing decade since FDR the American economy and the people have become more dependent on Federal spending as a jobs creation due to labor wages and cost of living becoming a real paralleling matter that's created a further dependency on deficit spending to try and maintain a high standard of living that cannot sustain itself. We use to manufacture products and sell them abroad to bring new money's into America creating the vast wealth we now are acustom to, but we have exchanged manufacturing and selling to spending and consuming....
@ that’s every nation’s reality. Even China has passed their miracle economic growth years and that country faces fast growing national debt to sustain a minimum annual growth.
When a country issues more money to finance debt the rate on the debt rises to take this into account and the value of the currency falls, both of which cut the money left over 🤔
@@TonyTheTGR If debt causes inflation then why is our inflation only 2.6%? Why is Japan's inflation only 2.5% when their debt-to-gdp is twice as high as ours?
Yes! Other economists have made the same point to disarm the “Armageddon” syndrome people try to stir up as a new distraction to the “grand theft secret programs”.
That mean that per every single American his dept is round about 104 k$. So a family with two children has a dept of 416 k$. That sounds a bit horrible.
The Feb prints money out of thin air, you don't need to worry about paying the national debt from your pocket. You need to worry about inflation. Buy assets that float with the boats.
The question is how long do you have to pay it, are you going to pay it, and will the kids take on the remainder. A bit of a "mortgage" - debt (gage) continues after death (mort) - Paying for the family house [french]
The dollar is literally being destroyed / debased / devalued. I just want my money to keep outgrowing the inflation rate. How do i invest about 250k i have parked in the bank and what strategies do i employ to make significant gains and stable cashflow?
You're right, I and a few Neighbours 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 40% 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 stuck with GRACE LORRAINE AUSTIN Struggle for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
2:08 a d there really isn’t any alternative That’s isn’t true. USA disestablished Gold Standard( Bretton Woods System) in order to finance wars(Vietnum, Gulf, Afganistan, Iraq, Ukraine, etc.) and shift wealth from majority to minority. The solution would be reestablishment of Gold Standard in financial system and the society. Tough part is the revaluation of Wealth and changes in financial and other laws. Real performance and good works should be rewarded and not falsehoods, loudmouths, greed, and laziness. There should be consensus that not only the presence but also the future counts.
I agree with stopping financing wars and shifting wealth upwards. But the ship has sailed on the Gold Standard. Going back to it is not realistic nor desirable given the modern global economy.
The government needs to increase taxes on the wealthy people in order to pay the USA debts! They hold too much money and not equally distributed. That includes wealthy politicians!
That is partly true. If however you were able to confiscate the wealth of all the billionaires in the US, that might cover the deficit for a year or year and a half but then what would you do after that?
True, the U.S. nat'l debt will never be repaid, and should have to as it's almost entirely "debt" of interest owed to the Federal Reserve, which is owned by 5 trillionaire families who've been collecting interest payments since 1930. Congress needs to pass a law to eliminate the debt, and start over, with a law mandating the Fed's must balance the budget, every year, as states do, or all of Congress is terminated with no pay. China's 800 bil debt should be paid off immediately!
The focus shouldn't be on taxes, it should be on SPENDING. Hundreds of billions given away over the last decade. And the Pentagon can't account for 63% of nearly $4 trillion in assets. Uh, yea let's look into that.
Stephanie Kelton says you shouldn't worry about the deficit. Your explanation of debt spiral makes more sense. Can you make a video on modern monetary theory? And what they mean by deficit isn't a real issue?
as long as the republicans refuse to make the ultra wealthy pay their fair share of taxes- we'll never have enough money. as bernie sanders said- THEY NEED TO PAY THEIR FAIR SHARE OF TAXES.
This video can't even get straight what Warren Buffet said which is that the national debt is in his mind but it's not a constant worry today that he devotes a lot of time. . And the reason this video doesn't understand is that it's important to consider whether the cas raised by assuming debt is being spent wisely. Good business sense understands that debt is actually good business practices if spent on things that are more productive than the cost of that debt. Personal debt examples include buying a car and a home. By assuming debt that may exceed 10x annual salary, the industry visual is vastly more productive getting to work and home in far less time and is less tired at work. A stable roof overhead contributes to less time and energy wasted dealing with troubles related to finding shelter and living space. A federal government that ensures affordable healthcare is available to an entire workforce can mean healthier and more productive workers. Reliable energy and good roads can mean more capable workers, too The PR boem with videos like this is that it promotes unsophisticated and at times ignorant concepts like balanced budgets and debt ceilings. I'm not saying that debt and spending should be unrestrained but that there should be reasonable and informed discussions not based on very wrong ideas. Debt should be affordable and proceeds spent to increase productivity and as long as there is a net positive, let the debt grow.
Every country should come to an agreement, and just stop paying interest, until their debts are paid for, and after debts are paid, start again with interest.
"When all else fails, they'll take you to war"...But, you've got a very free and democratic choice. Which war would you like to fight in, the Russian war ot the Iranian war???
Since the debt crisis could unleash carnage on the stock market leading to economic downturns. We need to be prepared for potential market volatility. how can I secure my $80K stock portfolio against declining?
It's a good idea to seek advice at the moment, unless you're an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.
you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited $560k in 2023 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
'Stacy Lynn Staples' 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
The problem is not debt. The problem is usury (interest) which buffet is a big fan of. Usury doesn’t create wealth it creates more poverty. When you combine this with money being created from thin air…it’s a recipe for disaster. Debt is the 21st century slavery and your masters name is money. You will never realize how free you are until and rich you are until you stop giving your money away to the billionaires and the banks in the form of interest. Interest is a hidden tax. People only think about income tax but never stop to pause and wonder about the number of times you pay tax every single day. Interest and taxes is where your income goes.
Of course the solution is to return to taxing corporation as we used to, in excess of 60% of Profits. Our social safety net was setup based upon these tax rates and now can no longer support our safety net as Corporations are paying little or NO taxes😮
Click bite... It's like all these titles like "America won't make it to 2024". And of course you add a picture of Peter Lynch and Buffet somewhere. Financial RUclipsrs replay the old recipes and formats because they don't have anything new to add really. It is sad and pathetic.
I agree with you fully. Unfortunately the incentive is to do so and so by design it’s going to make the quality go down the toilet and since quantity rises it just makes it less likely that you can find something truly useful.
Why are social safety net programs like Medicare and social security always shown as high expenses (which could theoretically be trimmed) while ignoring the costs of massive wasteful military spending and excessively low corporate and high income earners taxation. The pentagon and corporate ceos are swimming in money while everyone below them struggles to make ends meet. It boggles the mind of the average citizen.
WRONG. instead of cutting medicare and social security- TAX THE ULTRA WEALTHY THEIR FAIR SHARE OF TAXES. you would see our deficit go down immediately.
Because medicare and social security are unaffordable. Government needs cuts across the board with a butcher's cleaver. Socialism doesn't work long term and neither does empire.
I think of a debt spiral as someone who does not take appropriate action. Like: 1) raise taxes on the rich, 2) get rid of the social security maximum, 3) implement the rule (that used to be in place) that corporations cannot buy back their own stock, 4) implement universal healthcare that the GAO has already estimated would SAVE this country over $400 BILLION, 5) completely halt all oil and gas subsidies. That just for starters.
!!Elon Musk has played a major role in the campaign, especially in sectors like energy and automotive. With Trump winning, there's uncertainty, as the market has been full of surprises. It's wise to follow professional advice.
already, I can see wild swings in the market due to the trump win. I am really confused on how I can make gains on my $500,000 on these market movements without any loss to my money.
Agreed, I'm in line with having an advisor oversee my day-to-day investing because my job doesn't permit me the time to analyze stocks myself. Thankfully, my portfolio is well-diversified and has just 5X'd in 5 years, summing up nearly $2.7M as of today.
The market will always undergo changes and various challenges, so if you want fo reach your goals , you have to be really focused and do your due diligence. Also having a financial consultant like Adriana
I'm a truck driver. I remember giving adriana Katherine my first $20,000 in savings and she opened a brokerage account for me. It turned out to be the best thing that ever happened to me. I now own 10 trucks in Puerto Rico
Just reduce military spending, close all oversea military bases, call back all naval ships, submarines, army back to base. Limit spending on unnecessary items, limit imports etc. Need a lot of focus on domestic issued instead of messing with wars in Ukraine and Israel.
@@hifijohn The wealthy did not pay more in the 1950's. They had more legal tax avoidance options. And the wealthy produce jobs. All taxes get passed down to consumers. Taxing the wealthy more is not a viable solution.
He could give up his enitre net worth and service America's debt for a few days. Funny the deficit took a sharp turn upwards after the "messiah" was elected, lol
I think the politicians already saw it coming long ago before the general public (because of proximity to the issue and responsibility for managing it) and have been not only playing the game of kick the debt can as long as you can, but also flipping through switches that catalyze short-term growth and profits, without abandon, knowing we’re well on the way to the end game.
I’ll make an analogy. You take a mortgage at say 5% and invest it in a house that you rent and produces twice your mortgage payments. In that example you have two choices, 1) with the extra cash flow you produce, you increase your mortgage payments by twice and pay the debt faster, but then you reduce your capital, which is working for you, or, 2) you keep paying the debt at the original rate and invest the excess cash flow in the stock market, which gives you a return of 10%, so you are netting a 5% return (this is called leverage). The choice is clear, you stay in debt and keep your capital to make extra money. And then there is an even better option, as long as you’re credit worthy, you keep borrowing, you keep investing the extra cash flow, and keep making even more money. That my friends is what Uncle Sam does for a living. They are in no rush to pay any debt.
The US never has to pay its debt down…sounds crazy right? It’s true , but don’t take my word for it…check it out. Be an active participant in your own rescue
In the 1970s, when the debt was not yet a trillion dollars, people were alarmed. Back then, no one talked about it as a percentage of GDP. And it was considerably less than a percentage of GDP, maybe a third. Now people aren’t alarmed by it, despite it being more than 100% of GDP.
Because nothing bad has happened to the American people yet. But it will, it's inevitable. Eventually the world will reject the US dollar as the reserve currency.
I found it concerning in the last presidential election there was no talk of debt reduction. Now I’m hearing the president elect is talking about trying to buy Greenland.
We certainly can balance the budget. Then we can trickle down into the debt, if we want, which we don't. Servicing the National Debt seems to be an economy all its own.
I believe it was Brazil that declared bankruptcy more than once then got things back on track. The down side would be that the dollar would be worth about 10 cents on the dollar.
Since the debt crisis could unleash carnage on the stock market leading to economic downturns. We need to be prepared for potential market volatility. how can I secure my $80K stock portfolio against declining?
Partnering with a financial advisor has transformed my approach to investing. Their expertise and personalized guidance have not only helped me navigate complex financial markets but also optimized my portfolio to achieve my long-term goals efficiently.
@@SeanTalkoff How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Sharon Ann Meny, is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
📚Outperform 99% of Investors with this Buffett’s Investment Checklist: thecompoundersclub.kit.com/51d80a1908
Wait - didn't you forget that USA can simply create new dollars and pay off its debt? ... causing HUGE inflation of course but then the debt is paid in full.
@@DavidFilskov Well yea, that is the obvious solution. But this would result in a complete crash of the dollar, the world might even stop using it as the reserve currency because of its instability. Investors would invest in other currencies as well.
It would definitely weaken USA's sovereignty also because the people who got paid all those new dollars would probably use their strengthened monetary power to buy a lot of resources and business in America.
REALITY CHECK: Mr. Buffett, we electronically generate we the peoples' $s in order to meet federal expenditures without any real negative consequences, and without the need to have even one cent of federal tax revenue $s being involved which translates to mean that we do not have a national debt in the first place. To belabor the point, it is impossible to borrow or payback, for that matter, we the peoples' electronically generated $s, thus no real national debt, just a pretend national debt that is really nothing more than our irrelevant federal deficit, as far as the amount whereas exactly what we the peoples' electronically generated $s are being spent on is the real issue.
My full name is Oscar Dean Windham, and I am the most censored, the most suppressed scrivener/author in the entire world because I comment publicly about the fact that we do indeed now routinely electronically generate we the peoples' $s in order to keep our federal government's lights on, so to speak.
@@DavidFilskovNo. The belief that “printing money” is the answer is a dangerous one.
Think of it this way, there is only 100% of anything. So, for arguments sake, think of the value of the dollar presently as our 100%. If you print more money, that means you’ll have more dollars divided by the original 100%. This means that the value of each dollar becomes diluted or devalued in order to keep your 100% value.
If this continues on a global scale, then our dollar will be devalued and devalued until the dollar will be valued at lower rates than other currencies from other countries.
When that happens, America will not longer exist.
The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenback. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag...
Gold might crash in a liquidity crunch, but many precious metal holders are prepared for this and unlikely to be forced sellers. The paper market would tank and possibly collapse. Hearing from an experienced investor who has overcome adversity is motivating. It can be scary when your portfolio turns red, but if you've invested in strong companies, stick to your goals and continue growing them
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
impressive gains! how can I get your advisor please, if you don’t mind me asking? I could really use a help as of now
My fiduciary is Stacy Lynn Staples. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thanks a lot for this recommendation. I just looked her up, and I have sent her an email. I hope she gets back to me soon.
The government can either default, pay it back through massive austerity/reduction in annual deficit spending, or inflate it away. I bet it will inflate by printing more US dollars to service it. So buckle up, retirees!
The debt is high because we are trying to run a government that doesn’t tax the rich which simply won’t work. We need to get back to 1960s tax rates so we can start running surpluses again. Certainly we can save on the spending side too but it’s the lack of revenue that’s the biggest part of the problem.
somewhat but almost no Federal income tax is paid by 50%+ of tax filers - and that percentage doesn’t even include the many who don’t file at all. This is the largest percentage in recent history of Federal income tax. But getting rid of that freebie for a majority of Americans is going to be very politically difficult.
The debt load is staggering, and it's crucial we address it. I've been following the work of the Hoover Institution, which highlights the consequences of high debt levels, including reduced economic growth, increased interest rates, and decreased government flexibility.
As an investor, I'm concerned about the impact of this debt on the market. it would most likely lead to volatility. To mitigate these risks, I've partnered with a top ranked fa and a hot topic even among financial elitist in lower Manhattan. who has helped me diversify my portfolio and invest in 'real' assets.
Our partnership has yielded impressive growth, positioning me to weather economic storms. she helped me rebalance my portfolio for rising interest rates, invest in dividend-paying stocks and REITs, and explore alternative investments like gold and precious metals. This proactive approach has protected my investments, ensuring long-term financial success. I encourage others to consult an expert and create a tailored plan to navigate today's market challenges.
Nominal GDP growth is averaging around 5% per year long term. This means a balanced federal budget will reduce the debt quite rapidly as a percentage of GDP, with no drama whatsoever. We can even comfortably run a 1-2% of GDP federal deficit annually and still have the debt reduce as share of GDP at a decent clip.
Sorry Investor Center you have your facts wrong about Social Security. Social security is not paid for from the General Fund, it has its own separate fund called the Social Security Trust Fund that covers the difference between the funds collected by FICA taxes on income and payroll and its Social Security payments. So social security is self-funded and does not contribute the Federal outlays. We cannot cut Social Security and reallocate the Social Security Revenue and funds to pay for other programs, thus, cutting Social Security will just increase poverty in the elderly and not reduce the deficit. Social Security FICA taxes should not be included in the Federal Revenue numbers by that logic as well. Controlling the deficit is about making choices about discretionary spending of revenue coming into the General Fund.
This video should be mandatory before being able to vote and graduate high school.
not unless it includes the PetroDollar Empire with 50% of the budget on military spending. Otherwise it's a lie.
Warren Buffett is my hero.
The problem is, that every time Republicans control everything, they give huge tax cuts to their wealthy donors and add them to the deficits. That has caused the majority of the national debt we have now. The wealthy pay virtually nothing in taxes anymore as a percent of their income. About one third what a working family does. With the people that have all teh money not paying taxes, that kinda causes. And no, in 40+ years, not a nickle ever "Trickled Down", they kept it all. Yeah, and bought your house to rent back to your, maybe that is the trickle down Republicans are talking about.
"...at the suggestion of Elon Musk I will create a government efficiency commission task with conducting a complete financial and performance audit of the entire federal government and making recommendations for drastic reforms..." Donald John Trump Yes! Yes! Yes!
"...I can end the deficit in five minutes you just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of Congress are ineligible for reelection yeah now you've got the incentives in the right place..." Warren Buffett
All the rich people who created and benefited by the problem are now going to tell us how to solve it. hmmm...
Shit is going to hit the fan.
I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Charlotte Grace Miller for helping me achieve this
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
The very first time we tried, we invested $1400 and after a week, we received $5230. That really helped us a lot to pay up our bills.
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
she's mostly on TikToks, using the user name
American billionaires have made more money by tax loopholes than the US debt.
Democracy is lame if people are lame.
Lame, lame, doooomed
If they are largely uneducated
When are the commoners not lame? So democracy was always lame! For fools!
Democracy as an idea is not lame, electoral politics is. In an electoral political society, majority rule for better or worse.
@@LukeL685 stop your bs. Socrates and Plato 2000yrs ago already spoke against democracy and despised it
Well, as one of the richest BILLIONARES in the world, Buffet fails to mention how the cash give-a-way to billionaires like himself have contributed TRILLIONS to this debt! Imagine, a billionaire doesn't think he is part of the problem.
Don't forget, last time Trump was President, they cut income taxes and soon the federal tax income set a new record high; of course, the politicians spent all that and more. Lower taxes stimulated the economy, people and companies made more money and paid more taxes. Further: a lot of what we hear about taxing the rich is just simple empty BS, there are not enough rich people to make that much difference; and, we should not call this "trickle-down" economics, which was a theory that the rich would spend money for goods and services and the rest of us would work to provide all that - again, there are not enough rich people to make that work. Cutting taxes leaves money in the economy to build factories and companies and create goods and services for all to buy ("supply-side" economics) and people who have jobs can buy things. We are in debt because the government steals our money and spends it foolishly.
C0vid19 Stimmy check to Berkshire Hathaway 🙃🫠
Buffet has repeatedly said he and his peers should pay more taxes. Pretty much a lone voice in the Billionares club.
He has talked about that numerous times, in fact.
*I hit $113k today.* Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.
I would really love to know how much work you did put in to get to this stage.
It's essential for you to have a mentor to keep you accountable. Myself, I'm guided by Evelyn Vera. for years and highly recommend her I focus on him. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Wow! wow! please is there any way to reach her services?
Yes, this is her WHAT'SAPPS🇺🇸🇺🇸
+121
*I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.*
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.
That's awesome!!! I know nothing about investment and I'm keen on getting started.
What are your strategies?
People dismiss the importance of advisors until they are burned by their own emotions.
I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. He has helped me raise my reserve from $275k to $850k, despite inflation.
If you are using a really good broker or account manager, it's easier to earn from the market
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience.
Let Warren Buffett solve it. I am all for what he proposed. Solving problems is what counts, getting reelected is not a good incentive for solving problems. That's what got us the problems to begin with.
Reelection is a good incentive if you remove the bad incentive of money that leads to corruption out of government.
@@RipMinner But reelection could also be based on power. Not just money. It should be based on improving the country's well being and prosperity as a whole for all people in it.
No mid terms. 1 four year term only. No pension. No large pay checks for any government, your supposed to be doing a service to the country. No lobbying. Support staff reduced by 50% like the private sector.
Our new old President wants to look to the private sector for advice, with Musk and Ramaswamy working on it. No doubt they will pay attention to other noted business people like Buffet. We will need help in Congress to do whatever can be done, and that will be difficult if the Democrats stick to their old slogan from a recent Democrat President, "IwillnotnegotiateIwillnotnegotiateIwillnotnegotiateIwillnotnegotiateIwillnotnegotiateIwillnotnegotiateIwillnotnegotiate." They do not need to negotiate, because they want to fundamentally transform America (into a failed state?); bankruptcy will destroy the America we have now, leaving them an opportunity to create their brave new world.
"Defense " spending is grossly understated.
The US spends more on defense than the next 65 countries COMBINED. Nearly $1T... That is OBSCENE! The damage would be if you cut that budget... MANY jobs would be lost and hurt the economy even more! We're running on a gerbil wheel! That's why Musk wants to crash the economy and do a reboot, which will only hurt the lower and middle class, of course...
Right....
Our nuclear weapons are budgeted under the Atomic Energy commission.
Just saying......
Def spending is 20% of the budget even if you remove def spending everything else is taking too much.
Much of it (Defence spending) is social security of medicare for veterans, national civil engineering, make work activities for the lower strata who avoided jail, etc.
It (spending under defence budget) also makes US look Big, when other nations want to look 'lean' about their aggressive tendencies ;-)
It’s too easy to say cut defence but actually that is really is the beginning of the end of the US. Debt and not being able to sustain its army that will be the end of this Empire
“All sitting members of congress are ineligible for reelection”
Mr. Buffet hit it on the head
💯
Alright, I’ve been sitting on this 78k emergency fund like a dragon hoarding gold, and now I’m thinking it’s time to do something smart with it. Bitcoin? Crypto? Stocks? Gold bars under the mattress? This ‘Trump Bump’ sounds like a party, but where’s the VIP section for beginners like me? Any tips before I YOLO my savings?
Follow the S&P 500 by investing in ETFs like VOO, SPY, and SCHD. Dollar-cost averaging into these ETFs will likely outperform most investors in this bull run.
Hey, respect for stacking that $78k! But YOLO-ing into crypto might not be the move, bro. Markets are wild right now. I was in your shoes and got a financial advisor who showed me how not to gamble my savings away. Best decision I made-seriously, look into it before diving in.
Man, I feel this so hard! I’ve got cash ready but no clue where to start or how to find a solid financial advisor. Seems like everyone’s either trying to sell you a course or a scam these days. Any advice for finding someone legit?
There are a handful of CFAs out there. I've experimented with a few over the past years, but I’ve stuck with MELISSA ELISE ROBINSON for some years now, and her performance has been consistently impressive. She’s known in her field-look her up.
I just looked up her website on google and I would say she really has an impressive background in investing. I have sent her an email hope she gets back to me soon. Thanks
One thing has been proven, we will never tax cut our way out of debt.
Why not? NOT my debt you little bish. I'm an American but never agreed to YOUR debt. Let the US government pay for it. NOT my problem!
Nor can we spend our way out of debt. Hyperinflation and ultimately the demise of the currency system! Where going to witness it? I think that's for sure!
Increasing taxation just means the government will spend even more. Governments are not there to help you they are in power to control you. It is counter intuitive but if you keep income and business taxes low the government actuall y collects more tax. Why? its called the Laffer curve. No need to have complex tax structurs if you keep the tax at 15-20%..
@@davidproctor2092 And then there is the problem of stealing money. Taxation is theft by definition and stealing is immoral.
@davidproctor2092 bill Clinton made the rich pay some taxes and he ran budget surpluses
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
Svetlana Sarkisian Chowdhury a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Wealth of the top 1% approaching $45 trillion vs National Debt of $35 trillion - what’s the problem, again?
Let's see...the people in government spend more than it should and then expects bailouts by those who learned to control their spending aka the 1%.
Makes total sense. Also, as a country spends more than they should and then keeps implementing higher and higher taxes it only ends up benefitting the 1%. But hey, no one learns real economics anymore. That's for suckers.
What you mean is 1% want bail outs from the 99% remember svb oops. Trash elites stealing then complaining.
@@carloscruz1285they control their spending alright, who funds the campaigns again? So the people we vote for are put into place by who’s massive pac donations? 😅
@@jamese.9239 yes. That's called controlled spending. They are making an investment and on top of that they aren't dumping all their life's savings into that investment. Really? This was the strongest argument you could bring?
Furthermore, ask yourself this: Why do most of the top 1% support democrats? Answer: Because democrats want higher taxes and more spending which causes inflation to rise. You know who benefits from these policies? The rich. How? Well when middle class people can no longer afford to hold onto their assets, guess who's waiting to scoop them up? Rich people. The rich aren't becoming poorer when these policies are implemented. What greedy rich people do not want is a level playing field. This is where poor and middle class people have a chance to reach the 1%. Lower taxes, less government regulation, lower inflation, which causes assets to be more affordable and the poorest can rise to the top.
Common sense isn't so common anymore. 🙄
The top 1% will pay most of the taxes. However, what eventually ALWAYS happens as “Tax the rich” laws are passed, is those laws affect the middle class the most. As they are for the most part living pay Check to paycheck.
For the Newbie if you are actually trading in the crypto space and you don't have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that's sad truth. I remember when i just got into crypto back in 2019 but later in 2020 i ended up selling it because i have lost alot trading all by myself without a guide. Got back into crypto early in 2024 with $20k and I'm up with $232k in a short period of time
What opportunities are there in the market, and how do I profit from it?
You can make a lot of money from the market regardless of whether it strengthens or crashes. The key is to be well positioned.
I would really like to know how this actually works. how can I get in contact with her
Tracy Britt Cool Consulting... has always been on the top of my list.. She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
I recently started trading last year in April, invested 50k in the market, and my portfolio is currently worth slightly over 190k. That's a lot more than I make in a vear from my job.
US debt is more like 100 trillion because what we owe does not calculate all of our obligations and programs we HAVE TO FUND
Absolutely.
We just hit a trillion just in interest on the debt.
"The Basics" are the "participants" are not paying their share of taxes while they accept the countries environment that allows them to benefit from it.
Don’t need to repay it. Pay it down to a point we can manage it.
It's just an investment bond, like expecting future returns from sunk costs in some 'share' company.
['just'; beware 'just'; surely it's never 'just']
We are way beyond that point
What he meant to say was, none of the US debt will be paid by me.
He is on record saying he and more importantly his company should have to pay more tax.
@@murdo_mck He is also on record of having one of the biggest lobbying presences in DC. On a weighted basis he has more presence than Apple and Nvidia. It's easy to show clips about him talking about his secretary while ignoring his government contracts. I mean his Coca Cola shares alone will bankrupt the US from diabetes.
I'm 51yrs old. $40,000 weekly and *I'm retired, this video have inspired me greatly in many ways that I remember my past of how I struggled with many things in life to be where I am today!!!!* ❤️
Hello how do you make such?? I'm a born Christian and sometimes I feel so down myself because of low finance but I still believe in God
It's Maria Frances Hanlon doing, she's changed my life.
Same here
waking up every 14th of each
month to 210,000 dollars it's a blessing to l and my family... I can now retire knowing that I have a steady income❤️Big gratitude to
Maria Frances Hanlon
I do know Ms. Maria Frances Hanlon, I also have even become successful....
Absolutely! I've heard stories of people who started with little to no knowledge but made it out victoriously thanks to Ms. Maria Frances Hanlon.
There should be no cuts in taxes until the debt is repaid.
Mr. you say , that. anytime there is a deficit of more than 3 % of the GDP all the sitting member of congress are ineligible for reelection , haw can that happen if they are the one that make the low?
Citizens must demand it and not back down.
Warren was jesting, knowing the idea can't happen, haha.
Crash or no crash, when everything is pushing ATH, it's time to start trimming some of the fat and increase dry powder. looking at the growth projections of 7-figure portfolio I can't tell where the market is headed, Do i hold on or perhaps I should just sell off assets and avoid the panic?
investors like you should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder.
Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2023
wow!! this is impressive.. how can i reach this advisor if you don't mind me asking?
I've stuck with ‘’Sophia Irene Powell” for years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
you are asking on you tube? hmmm
The argument over who gets the next tax break has been our downfall financially. The leaders have been afraid they couldn't get elected if they hinted at austerity. Everyone pays a bit more in taxes and little or no new programs. And some streamlining in government. A flat rate of tax with no limit and no loopholes. Those who benefit the most from our country owe to most to it for their prosperity. Not a popular view with anyone but is a reality check.
Its not that the US cannot repay its debt. we can. the problem is that when we have a positive deficits that start lowering t he debt, we have congress seeing an opportunity to spend (and waste) money, thus making us have more deficits for that year. we need a congress that isn't going to overspend, so we can reel in the debt owed slowly.
So the question is, do we, as a country, take care of our people, or do we cut taxes for the top 1%.
Answer: cut taxes for the 1%.
Why? Because they are the people who matter.
I'm old enough to remember a quote from Dick Cheney, something like "this is our due" about tax cuts for the wealthy. Those rich guys really deserve a break😀 Buffett says otherwise but what does he know ...
They want to cancel social security because employers will eek out of paying employees' taxes for it. Greed & the rich own the Republican party.
The top 1% are in the highest tax bracket. The IRS will take extra money to pay off the national debt. You can send the difference between your tax bracket and the top one to them.
@@camgerewhile that’s true. The ultra wealthy pay very little to no income tax. The live off of loans taken out against their stock investments. Loans don’t count as income. When they do sell stocks for cash, the capital gains tax is capped.
@@DeltaHouseStudios Here in California even long-term capital gains are 20% federal plus 12.3% state. 32.3% is NOT "very little". They can and do lose principal in investments. Their investments may well allow your company to hire more employees. Your paycheck is risk free short of the company going bankrupt. Maybe the real question is why are they so productive and you aren't?
If the Govt. balanced the budget and paid down the debt 100 billion a year, it would take 350 years to pay it off. That's why they say it can't ever be paid back.
It will be paid for at some point. You do not want to be here at that time.
Paying 3.35% on $35 trillion debt is wild. Imagine if rates hit 8%!
It's wild but temporary, due to high inflation that's coming down. Why would they go to 8%?
Having $35 trillion in national debt is what is wild.
@@jesan733 Tariffs will ignite inflation.
Cancel all income taxes. Cancel ALL taxes on business. ONLY TAX CONSUMPTION. Collapse avoided.
Yes, that means tariffs.
List the countries that can repay their national debts. Take into account their debt to GDP ratio. The GDP seems to have been driven by government debt, not by real economic growth. The entire world is at the edge of a precipice.
You made a comment of "GDP as a part of government spending" I think that's actually the scariest part of ouf economy. And even scarier, we could patch together a history of this going as far back as FDR and with each passing decade since FDR the American economy and the people have become more dependent on Federal spending as a jobs creation due to labor wages and cost of living becoming a real paralleling matter that's created a further dependency on deficit spending to try and maintain a high standard of living that cannot sustain itself. We use to manufacture products and sell them abroad to bring new money's into America creating the vast wealth we now are acustom to, but we have exchanged manufacturing and selling to spending and consuming....
@ that’s every nation’s reality. Even China has passed their miracle economic growth years and that country faces fast growing national debt to sustain a minimum annual growth.
List the countries smart enough to carry no national debt.
How could a country that prints its own money be unable to pay the interest on the debt?
When a country issues more money to finance debt the rate on the debt rises to take this into account and the value of the currency falls, both of which cut the money left over 🤔
What does "cut the money left over" mean?
It means you pay more dollars per good/service, so ultimately everyone's labor means closer to nothing.
@@TonyTheTGR If debt causes inflation then why is our inflation only 2.6%? Why is Japan's inflation only 2.5% when their debt-to-gdp is twice as high as ours?
Yes! Other economists have made the same point to disarm the “Armageddon” syndrome people try to stir up as a new distraction to the “grand theft secret programs”.
The result was always: Inflation and poverty for the poor ... .
That mean that per every single American his dept is round about 104 k$. So a family with two children has a dept of 416 k$. That sounds a bit horrible.
The Feb prints money out of thin air, you don't need to worry about paying the national debt from your pocket. You need to worry about inflation. Buy assets that float with the boats.
The question is how long do you have to pay it, are you going to pay it, and will the kids take on the remainder.
A bit of a "mortgage" - debt (gage) continues after death (mort) - Paying for the family house [french]
@@working_exampleYep. As little cash as possible
Something Like 260k per tax paying citizen
You forgot that now corporations are people, kindly recalculate 😅
Don’t put out click bait, that’s Warren Buffett in the mid 1990s
The dollar is literally being destroyed / debased / devalued. I just want my money to keep outgrowing the inflation rate. How do i invest about 250k i have parked in the bank and what strategies do i employ to make significant gains and stable cashflow?
Chose quality stocks and follow them up. If you're not one for such complexities, hire a wealth manager to grow your money.
You're right, I and a few Neighbours 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 40% 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 stuck with GRACE LORRAINE AUSTIN Struggle for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info
Zero accountability rampant in today's society. Mr. Buffet is 100% correct.
2:08 a d there really isn’t any alternative
That’s isn’t true. USA disestablished Gold Standard( Bretton Woods System) in order to finance wars(Vietnum, Gulf, Afganistan, Iraq, Ukraine, etc.) and shift wealth from majority to minority.
The solution would be reestablishment of Gold Standard in financial system and the society. Tough part is the revaluation of Wealth and changes in financial and other laws. Real performance and good works should be rewarded and not falsehoods, loudmouths, greed, and laziness. There should be consensus that not only the presence but also the future counts.
I agree with stopping financing wars and shifting wealth upwards. But the ship has sailed on the Gold Standard. Going back to it is not realistic nor desirable given the modern global economy.
2001. My graduating year from college. And the launch of Rich Dad, Poor Dad.
Imagine THAT.
The government needs to increase taxes on the wealthy people in order to pay the USA debts! They hold too much money and not equally distributed. That includes wealthy politicians!
That is partly true. If however you were able to confiscate the wealth of all the billionaires in the US, that might cover the deficit for a year or year and a half but then what would you do after that?
Having the full video of Warren’s comments without the cuts would make this more credible
True, the U.S. nat'l debt will never be repaid, and should have to as it's almost entirely "debt" of interest owed to the Federal Reserve, which is owned by 5 trillionaire families who've been collecting interest payments since 1930. Congress needs to pass a law to eliminate the debt, and start over, with a law mandating the Fed's must balance the budget, every year, as states do, or all of Congress is terminated with no pay. China's 800 bil debt should be paid off immediately!
The focus shouldn't be on taxes, it should be on SPENDING. Hundreds of billions given away over the last decade. And the Pentagon can't account for 63% of nearly $4 trillion in assets. Uh, yea let's look into that.
800 military bases globally not needed.
$36 Trillion Wow!
Correction it is $36 trillion dollars
$36.3. We added another $300 Billion. Nobody has this kind of money to LEND. The answer, print.
$16 Trillion added in the last 8 years. YES 8 years. We are delusional.
$16 Trillion added in the last 8 years. YES 8 years. We are delusional.
Thats what they want you to think.
Its 36 Trillion now
Stephanie Kelton says you shouldn't worry about the deficit. Your explanation of debt spiral makes more sense. Can you make a video on modern monetary theory? And what they mean by deficit isn't a real issue?
Don't waste your time with that
By my rough calculations thats about 100k for every citizen
Not too bad then 😂
Debt 200% of GDP and it’s probably almost all Over
The debt trajectory is not sustainable, the current debt is not theoretically too large by itself but ...
as long as the republicans refuse to make the ultra wealthy pay their fair share of taxes- we'll never have enough money. as bernie sanders said- THEY NEED TO PAY THEIR FAIR SHARE OF TAXES.
This video can't even get straight what Warren Buffet said which is that the national debt is in his mind but it's not a constant worry today that he devotes a lot of time.
.
And the reason this video doesn't understand is that it's important to consider whether the cas raised by assuming debt is being spent wisely.
Good business sense understands that debt is actually good business practices if spent on things that are more productive than the cost of that debt. Personal debt examples include buying a car and a home. By assuming debt that may exceed 10x annual salary, the industry visual is vastly more productive getting to work and home in far less time and is less tired at work. A stable roof overhead contributes to less time and energy wasted dealing with troubles related to finding shelter and living space.
A federal government that ensures affordable healthcare is available to an entire workforce can mean healthier and more productive workers. Reliable energy and good roads can mean more capable workers, too
The PR boem with videos like this is that it promotes unsophisticated and at times ignorant concepts like balanced budgets and debt ceilings. I'm not saying that debt and spending should be unrestrained but that there should be reasonable and informed discussions not based on very wrong ideas. Debt should be affordable and proceeds spent to increase productivity and as long as there is a net positive, let the debt grow.
We spend more on military than the next 10 countries. Let’s start there!
China will to take our place on the world stage?
Every country should come to an agreement, and just stop paying interest, until their debts are paid for, and after debts are paid, start again with interest.
"When all else fails, they'll take you to war"...But, you've got a very free and democratic choice. Which war would you like to fight in, the Russian war ot the Iranian war???
Revolutionary war.
What Warren Buffet said was spot on
Since the debt crisis could unleash carnage on the stock market leading to economic downturns. We need to be prepared for potential market volatility. how can I secure my $80K stock portfolio against declining?
It's a good idea to seek advice at the moment, unless you're an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.
you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited $560k in 2023 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
pls how can I reach this expert, I need someone to help me manage my portfolio
'Stacy Lynn Staples' 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
Thanks, i did a quick web search and i found Jessica, i hope she responds to my mail.
Reduce excessive spending and let the economy grow.
Don’t worry, the stable genius will fix it in 24 hrs!
The problem is not debt. The problem is usury (interest) which buffet is a big fan of. Usury doesn’t create wealth it creates more poverty. When you combine this with money being created from thin air…it’s a recipe for disaster. Debt is the 21st century slavery and your masters name is money. You will never realize how free you are until and rich you are until you stop giving your money away to the billionaires and the banks in the form of interest. Interest is a hidden tax. People only think about income tax but never stop to pause and wonder about the number of times you pay tax every single day. Interest and taxes is where your income goes.
Of course the solution is to return to taxing corporation as we used to, in excess of 60% of Profits. Our social safety net was setup based upon these tax rates and now can no longer support our safety net as Corporations are paying little or NO taxes😮
Thank-you for putting subtitles under Buffet’s monologue , because I can’t understand what dialect/language he is speaking
Click bite... It's like all these titles like "America won't make it to 2024". And of course you add a picture of Peter Lynch and Buffet somewhere. Financial RUclipsrs replay the old recipes and formats because they don't have anything new to add really. It is sad and pathetic.
I agree with you fully. Unfortunately the incentive is to do so and so by design it’s going to make the quality go down the toilet and since quantity rises it just makes it less likely that you can find something truly useful.
It can, it just has to do something no politician has the stones to do.
Why are social safety net programs like Medicare and social security always shown as high expenses (which could theoretically be trimmed) while ignoring the costs of massive wasteful military spending and excessively low corporate and high income earners taxation. The pentagon and corporate ceos are swimming in money while everyone below them struggles to make ends meet. It boggles the mind of the average citizen.
WRONG. instead of cutting medicare and social security- TAX THE ULTRA WEALTHY THEIR FAIR SHARE OF TAXES. you would see our deficit go down immediately.
Because medicare and social security are unaffordable. Government needs cuts across the board with a butcher's cleaver. Socialism doesn't work long term and neither does empire.
Until you change the way money works, you change nothing.
I think of a debt spiral as someone who does not take appropriate action. Like: 1) raise taxes on the rich, 2) get rid of the social security maximum, 3) implement the rule (that used to be in place) that corporations cannot buy back their own stock, 4) implement universal healthcare that the GAO has already estimated would SAVE this country over $400 BILLION, 5) completely halt all oil and gas subsidies. That just for starters.
My response: SO WHAT! I'm not terrified al all...
We’re well past the point of no return. If you don’t have all your money in equities, idk what you’re doing
We're not. It's easy to return from here.
Farm land is the way to go. Archer Daniel Midland. also gold and silver coins. NOT GOLD BARS.
At $35T USD
That is $105,000 per US citizen!!!!
kindergarten kids are in depth too... so it's worst
!!Elon Musk has played a major role in the campaign, especially in sectors like energy and automotive. With Trump winning, there's uncertainty, as the market has been full of surprises. It's wise to follow professional advice.
already, I can see wild swings in the market due to the trump win. I am really confused on how I can make gains on my $500,000 on these market movements without any loss to my money.
Agreed, I'm in line with having an advisor oversee my day-to-day investing because my job doesn't permit me the time to analyze stocks myself. Thankfully, my portfolio is well-diversified and has just 5X'd in 5 years, summing up nearly $2.7M as of today.
Adriana katherine holds the credit of being crucial about the mrkt and also a knowledgeable to be proud of
The market will always undergo changes and various challenges, so if you want fo reach your goals , you have to be really focused and do your due diligence. Also having a financial consultant like Adriana
I'm a truck driver. I remember giving adriana Katherine my first $20,000 in savings and she opened a brokerage account for me. It turned out to be the best thing that ever happened to me. I now own 10 trucks in Puerto Rico
How out of date is this video? US debt has just passed $36 trillion, not $35 trillion. Still, Mr Buffett is always worth listening to.
Just reduce military spending, close all oversea military bases, call back all naval ships, submarines, army back to base. Limit spending on unnecessary items, limit imports etc. Need a lot of focus on domestic issued instead of messing with wars in Ukraine and Israel.
Then learn either Chinese or Russian.
Military spending is only 1 trillion. Won’t make a dent
@@JOHNRMECHhe is Chinese
Also gotta cut all these idiotic socialist government programs.
@@JOHNRMECH Get real. The only threat to America is nuclear. The Russians or Chinese are not going to invade the mainland. Talk about paranoid.
THANKS WARREN BUFFETT
I've got a plan, tax the rich and corporations, like we did in the 50's. 😮
they have too many lawyers.
@@hifijohn The wealthy did not pay more in the 1950's. They had more legal tax avoidance options. And the wealthy produce jobs. All taxes get passed down to consumers. Taxing the wealthy more is not a viable solution.
not a fix, sorry. delusional.
The US national debt has just surpassed $36 trillion.
More like 100.
He could give up his enitre net worth and service America's debt for a few days. Funny the deficit took a sharp turn upwards after the "messiah" was elected, lol
I think the politicians already saw it coming long ago before the general public (because of proximity to the issue and responsibility for managing it) and have been not only playing the game of kick the debt can as long as you can, but also flipping through switches that catalyze short-term growth and profits, without abandon, knowing we’re well on the way to the end game.
They intentionally created the end game for personal profit over country
Buffet is just nobody if US cannot print money for QE jobs.
I’ll make an analogy. You take a mortgage at say 5% and invest it in a house that you rent and produces twice your mortgage payments. In that example you have two choices, 1) with the extra cash flow you produce, you increase your mortgage payments by twice and pay the debt faster, but then you reduce your capital, which is working for you, or, 2) you keep paying the debt at the original rate and invest the excess cash flow in the stock market, which gives you a return of 10%, so you are netting a 5% return (this is called leverage). The choice is clear, you stay in debt and keep your capital to make extra money. And then there is an even better option, as long as you’re credit worthy, you keep borrowing, you keep investing the extra cash flow, and keep making even more money. That my friends is what Uncle Sam does for a living. They are in no rush to pay any debt.
The US never has to pay its debt down…sounds crazy right? It’s true , but don’t take my word for it…check it out. Be an active participant in your own rescue
Love you from India ❤
In the 1970s, when the debt was not yet a trillion dollars, people were alarmed. Back then, no one talked about it as a percentage of GDP. And it was considerably less than a percentage of GDP, maybe a third. Now people aren’t alarmed by it, despite it being more than 100% of GDP.
Because nothing bad has happened to the American people yet. But it will, it's inevitable. Eventually the world will reject the US dollar as the reserve currency.
It's not a debt. It's the US money supply. It's all the US dollars issued by the government and held nationally and internationally.
Good.
So you would not mind if us from the Global South left the dollar standard, right ?
Great piece!
Nice job explaining the problem with government debt
Thank you :)
There is no intention of ever paying that debt.
I found it concerning in the last presidential election there was no talk of debt reduction. Now I’m hearing the president elect is talking about trying to buy Greenland.
Comparing a nation's debt to household credit card debt is a false comparison.
The Undertaker said "never live beyond your means".
So tell us when the principle is payed????
We certainly can balance the budget. Then we can trickle down into the debt, if we want, which we don't. Servicing the National Debt seems to be an economy all its own.
Not 35, but 36..... and growing....
Why don’t I see military salaries and military equipment anywhere in the expenses?
Now many countries don't wanna get American bonds. Stocks and precious metals will explode in value and whoever holds cash will lose it.
America must militarily have a fiscal surplus and never ever have a fiscal deficit and that’s the only way to reduce the debt.
I believe it was Brazil that declared bankruptcy more than once then got things back on track. The down side would be that the dollar would be worth about 10 cents on the dollar.
80' s and 90's.
There is a fiscal responsibility clause in the 1988 Brazilian Constitution as result of such.
6:35 This is misleading.
Since the debt crisis could unleash carnage on the stock market leading to economic downturns. We need to be prepared for potential market volatility. how can I secure my $80K stock portfolio against declining?
It may be a good idea to speak with a financial advisor who can help you develop a portfolio based on your individual goals and risk tolerance.
Partnering with a financial advisor has transformed my approach to investing. Their expertise and personalized guidance have not only helped me navigate complex financial markets but also optimized my portfolio to achieve my long-term goals efficiently.
@@SeanTalkoff How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Sharon Ann Meny, is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.