🔴 $35 TRILLION DEBT WALL: Historic National Debt Surges, US Pays $2.4 Billion in Interest Daily
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- Опубликовано: 19 окт 2024
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Thats also how Empires COLLAPSE as well.
$50 trillion by 2034? At this rate it will be way before then.
not agree to Javier Milei??? Really? He is a genious
The debt is moot. Prophecy dictates the West's dissolution. The creditors holding the debt will be the ones left hurting.
Of course that includes everyone holding Dollars. Buy what you need for survival now. God's Son is back so expect this to play out very soon.
"Fiscal deterioration in the United States". So does that mean that the economy will shrink in a huge way, so much so, that tax revenue will decrease in a significant manner?
This doesn't sound good at all.
"Richest country in the world!" 🤦🏼♀️ Ridiculous.
richest national debt in the world!
Shows that the GDP measure is a poor measure of wealth and prosperity.
rich enough to fund syria and ukraine war
@redemissarium Funded entirely on credit.
The US does not appear to be able to change a wide range of disastrous policies, so the only other way is collapse. 😢
So truth, So truthful !!!
Blame Russia and China, then collapse
The sheep dont care, they just vote for the best liar. Answer to the question - how did America fall?
100% agree.
America will never fall. It just fades away
They will care when they are living in a cardboard box under a bridge or something. It's scary.
@@Quagma-b2i 100% They have no clue whats coming. Politicians and the fake media and our joke of an educational system are leading the sheep to slaughter.
The sheep don't understand economics.
The U.S. Congress and President should be held accountable for their frivolous spending. Members of Congress often rely on corporate backers to secure their elections, and in return, they support policies that enrich these backers
The money supply is entirely debt-based, meaning the USA will need to print $100 trillion by 2050 to cover all expenses. This raises serious concerns about future financial stability.
I currently have $400K in equity in my home, and it's my primary asset. Is the suggestion here to sell now, cash out, and hold onto the funds until the housing market declines? What would be the best financial move in this situation? Any advice would be appreciated.
@@Victoria-io7qb You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
I really want to get in with a financial advisor this year, especially as all markets are hitting highs. I don't want to be too optimistic and end up losing everything.
Its not their monie, and more moneies in thir acct
Congrats US for setting a new target!!
*_Let's celebrate_*_ !_
Overcapacity of spending!
Soviet Union-like symptoms,
perhaps even worse 😅😅😅😅
@@jchanmcseAnd borrowing.
More foreign shareholders dumping it
Getting statistics on stupidity is always interesting. There is a lesson coming here. Fortunately I am not a US citizen, my only care is not to invest too much, if anything, in the US.
I'd like to Congratulate the USA on this historic Milestone, well done guys!
Let's have a party. And put it on their tab.
The government should NOT be allowed to spend more than it brings in.
The government is a racket. Criminals control the rackets.
As long as it benefits *Wall Street* the government will continue to spend, spend, *_spend_*_ !!!_
Unfortunately, at this point, it's mathematically impossible we will ever pay down all this debt.
@@Quagma-b2i War is, and historically has been used to raise productivity, contributing to higher tax revenues.
WW2 pulled the USA out of its massive economic problems. I wonder how they're going to pull it off this time 🤔
The Triffin dilemma shows why the country that holds the currency of international trade must be debt based in a global economy
Congratulations, Lena. Extraordinary analysis.
Our economic irresponsibility is why many countries want out of the dollar and into the new BRICS financial system.
Love the simplicity and accuracy of the statement “Debt is future taxes”.
Another brilliantly detailed report. Thank you Lena.
Imagine how much it costs to feed 700 plus US military bases around the world.
If we did that, we'd go to jail, or denied credit.
BINGO! BINGO! BINGO!
Sure you are not in control of the currently the debt is held in.
I remember days when 17 trillion debt was announced and it sounded absolutely crazy... then government decided to act on it and....doubled it.
Some remember when 100 billion was considered too much. This tells you that fear mongering about the national debt is bogus
She is so right about it.
Well done Lena, hope this education reaches more logical and like minded Americans.
Thanks for Explaining in plain English
The best thing about being a US politician is that you will never be held accountable for anything
Ka thing ka ching.
It's same everywhere.
@@ap-nr3zi not really. In that place, a politician will never be held accountable even if that politician did dj knows no side, up part tide. Jusk ask kissinger
All the alarm bells ringing. All the red lights in the control panel flashing. This is how I perceive the situation. And those in charge doing nothing. Thanks for the effort to make clear the danger of the situation.
Thank you lady ! What you understand about finances I wished politicians would too ! Yet most of them
have no understanding at all ! This is the reason why we are in this dire situation !
Lena you are the most comprehensive C.P.A. on the Geopolitical scene. The Federal Reserve Act of 1913 speaks volumes about what is happening today.
Usa is broken a long ago 💔
Objectively speaking US has been living in debt since about late 70s or early 80s, leveraging it power and influence, combined with nobody wan ting to be first to separate itself from US-lead system, despite everybody knowing how broken it was. And then Russia was forcefully separated and did not collapse. In fact it is doing better than before sanctions. This is the end for US hegemony in financial, economical and diplomatic sector.
World does not need dollars. world is no longer afraid of US aging military and world does not need US to mediate for other countries.
And what Washington is doing? They just double down again and again, still pretending that they are not just strongest player on world stage, but only player on this level. And then try to leverage this delusion in dealing with others. Despite everyone seeing that it holds just pair of twos, not pocket aces, as US pretends it does.
True
35 trillion seconds = 1,141,106 years.
Wrong, 16,688 years.
It's more lik 70 to 100 trillions globally.
@@HonestAbe615 1,109,842 actually. I used 355 days not 365
@@miggy9260your wrong 1 trillion seconds= 31,688 years
Nie dożyje, zresztą wtedy będzie inna waluta, jeśli wogole będzie istniał nasz świat.
Congratulations on the $35 trillion, US! An amazing achievement. And let's cheer to many, many more!
This lady is one of the very very rare few Usan qualified to be the President of USA
Congratulations America, you are certainly the best, most powerful country on earth.
What the US is paying out in interest payments... daily... is about the same as China's trade surplus... daily.
How interesting Lena!
Our debt indicator used to be "the debt clock"... as of April 2024, this clock was "fixed to run slower". This means that our debt at this time is way beyond 35 trillion... now reaching 36 trillion (the real rate is over one trillion every 100 days) !!!
The politicians are getting richer….why should they care?
Hyperinflation see Weimar Republic
Totally agreed, its greeds that paved the way in. Congress. Us is not a country. But a gathering of old greedies who can sacrifice anyone n anything except their kins to build their $$$$$$$ castles.
precisely
Scary US debt situation explained nicely.
Love! Thanks Lena.
Thing about infrastructure and amortization, if you do not spend constantly small amounts on maintenance, eventually you will gonna have to spend 3+ times the value of a new project on it. Because first you will gonna have to strip and scrap everything, as it has degraded beyond repair. Then you will have to find something to do with all this crap, half of which will be toxic. And then you will have to account for the losses due to infrastructure not being available for duration of this whole process and domino effect that it would have on adjacent industries.
Thanks!
Thank you Lena
The biggest question is never asked . Where did all of this " money " originate ? The answer is it came out of thin air , and it shall return whence it came . At one time , it did not exist , and it shall not exist again . The larger it gets , the less value it has . It's losing its Mojo . When it reaches it's true intrinsic value , which is zero , everything it's been sustaining will cease to function . We already see this in closed businesses , bankruptcy , and a huge non working , non functional society . The end of money creation with nothing to back it up , is destruction .
Absolutely correct. Powell threw 5 to 6 trillion dollars into the stock market to keep the bubble inflated. MMT theory only works so long and this will not end well.
With a massive 35 trillion debt everything in the u s is collapsing. Holding on to the dollar and bond is a death trap
👍
Stay Strong/Safe 🙏🏼💪🏽💯!!! The Truth Will Set you Free!!! Be Blessed and a Blessing! "We The People By The People For The People" United We Stand Divided We Fall...🛐 Eyes Wide Open NOT Eyes Wide Shut. 2A All The Way.!.
The corruption that runs through this administration is getting scarier. I feel for the disabilities who are not getting the help they deserve. Anyone who is not investing now is missing a tremendous opportunity. Imagine investing $2,000 and receiving $10,020.
How can disabled seniors generate passive income during quantitative times? I can't afford to see my savings crumble to dust
Getting Knox jarrati to help me really helped me clear all my debts. I started with what I have left and it's been the best decision I've ever made
This is correct, Knox jarrati strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started
You're right. The very first I tried, I invested $2000, and after a week, I received $7,210. That really helped us a lot to pay up our bills
How do I contact her please
Great work Lena. Thank you for your great insight. We've crossed the rubicon of ever paying it off.
Just watch David Schweikert lecture at an almost empty congress he ask to watch the treasury website for this and all us income tax will go on interest payments and any bill that passes paid by debt
The government needs a 90% reduction in spending
Starting with there wages.
And where do you think they would get that from? Hint: NOT the war budget.
Canada PM spend $220,000 on food during few days trip. Beat that
Unfortunately the government needs both reduction in spending and tax increases. I doubt it will ever happen!
austerity politics always fails and results in harm to the working class.
To put this in perspective, the interest on the debt is 877 billion dollars annually.
We spend 842 billion dollars on defense.
When you spend more on debt than defense you're doomed.
25 years ago US had budget surplus. Now it has deficit that exceeds budget of 180(out of 195 total) countries.
The debt is the past military budget. Graph the post WWII budget and debt you will see the same lines on the graph
@@DanA-nl5uo Except that in post-war period US was the only one standing. All other major powers were decimated. On top of that it has built an enormous manufacturing base during war. While everybody else had large portions of their economy decimated.
Today it is the opposite. US has insane and rapidly growing debt, while lacking political, economical or military influence on world stage. With most of it economy running on simply creating more -air- money.
It is about what the middle class pays in taxes. Which means that the average person does not fund a single government service. Everything the average chump pays in taxes goes toward interest only to the banking cartel.
@@sjent budget surpluses don't get rid of the deficit, they just shift the defect onto the private sector. And unlike the government, the private sector can't sustain deficit. This is why every period of deficit reduction in US history has led to a depression/recession
I am unconcerned. I am unburdened by what has been.
Hyena Harris the dizzy philosopher
Time to start the printing machine going again. 👍👍👍
Over capacity of debt!
Thank You Lena appreciate Thank You Great Job Thank You
It's nice to know not all leaders are idiots.)
There is another problem, the govt does not have the money to pay the interest of $906 billion dollars a year. It means the Govt has to borrow the $906 Billion to, in fact, payback to the lenders. Let that sink in and hurt your brain....Sounds just like, borrowing off one credit card to pay the other....
That's what all governments are doing since fifties. Majority of debt everywhere is INTEREST on said debt.
IMPOSSIBLE to borrow this kind of numbers.
Exactly what I am saying…And now imagine if it was individual, not a country…
@@taniadavenport2939individuals don't control the monetary supply. So long as you control the value of the currency the debt is held in you control the value of the debt. It is impossible for the government that has debt in their own currency to lack currency to pay it. They literally control how much currency there is of that type
@@DanA-nl5uo wait till these guys find out the government paid for 120 trillion dollars worth of interest in 2021 alone
you have the courage to tell, God bless you
Shay checking in from dublin Ireland thank you ❤❤❤❤❤❤❤❤
Psying over $1 trillion in annual interest is staggering ..China and other major holders of US debt better sell ..
That debt number could be $100 trillion +. Shocker!!!!
Another four years and it will be 50 trillion. Half way there!
it most likely is... cause that clock isnt adding on ALL Derivatives in everyones "names" used for slush funds & blk ops etc.
btw ther is NO america... even wrote down in the IRS tax code.
The most devastating consequence of the rapidly increasing national debt of USA for the population of USA is the massive rapid increase of the transfer of wealth from the 98% of the U.S. population to the extremely rich 2% of the population.
Indeed, every year, the U.S. government pays close to one trillion dollars as interest to the holders of U.S. debts. For this payment, the government uses the taxes collected from the population of USA.
Foreign countries hold approximately 20% of the U.S. national debts while the remaining 80% are held by the 2% rich American individuals and American banks and other financial institutions which are themselves owned and controlled by the extremely rich 2% of the population.
So, each year, the US government pays to foreign entities around 200 billion dollars while the extremely rich US 2% get around 800 billion dollars. This means that, each year, the 2% become wealthier by 800 billion dollars while the 98% become poorer by almost one trillion dollars.
This is how, the high national debt of US contributes to the increasing disparity in wealth between the 2% and the 98%.
Now, the next question that we must ask is who are the 2% of the population? Almost all of them, or at least, the great majority are the tiny community of Jews in USA.
I agree with ever syllable. Well done
Be careful Lena. They don't like it when someone tells the Truth On Them!
Well done US😂😂😂😂😂😂😂😂
WOW congratulations 🎉
Thanks for sharing and surfacing the truth. 👏👍
Thank you so much ❤❤
It’ll go on until it doesn’t
There are only two ways this ends. Either the USA will default on the debt which will tank the dollar, or the Fed will try to print it away which will result in hyperinflation, and that will also tank the dollar.
cant default on your own currency. And why would they need to print it away? They could just continue servicing it forever, after all its not difficult to convert one of your IOU's (bonds) into another one of your IOU's (dollars)
Such excellent work, Lena!
It's a little hard to enjoy the rest of my day knowing that we're headed for absolute disaster😢
Excellent points!
Congratulations!!!!
All three Beauties together Beautifull smiling face ,Beautifull common sense analysis and with Beautifull English Accent .Lovely Lena Petrova.Great Love From Pakistan.❤❤❤❤❤❤❤❤❤❤
Thing will explode to surprise and shock those who refuse to lesson.
I feel like I am living through the fall of Rome , I'm scared 😅😂
Hi Lena, It is a great channel. I am an economist therefore I understand everything very well. I know you are based in the states but that would be great to hear a podcast from you about Australia. Because there is no channel here discuss the political economy. ( except for John Pilger )
Thanks for sharing!
How long can this keep up and what are the repercussions?
U.S. dollar collapse and everything soon tripled in price.Hyperinflation.
I always wanted to break a record, but this was Not what I had in mind!
Print $$$ to pay for expenses & interest payment. So long as the suckers accept the printed $$$, no problem.
Someone didn't study the Weimar Republic. History shows why this doesn't work.
If you aren't very careful you cause hyperinflation in a month. But yes,theoretically possible and better than lending.
you're acting like they can deny dollar interest payments on dollar denominated debt
Never mind US IS GREAT 😂😂😂😂😂😂😂
This is on purpose. In case anyone doesn't know, we're not in this spot because of inept politicians, although I'll admit none of them are very bright. The government has been infiltrated and subverted for over 100 years. As soon as the Federal Reserve was put in place, which isn't actually a part of the government, but a private bank, our downfall began. I honestly can't understand how the wheels haven't fallen off already. We are controlled by people in the shadows. I honestly think it's too late to be saved.
fed is a government institution
i agree
You are in this spot because of capitalism. The politicians are terrible because that's what capitalism do to any political system.
Just like Venezuela huh? Ha!
@@gelinrefiraSocialism is not the answer, just ask people living in Venezuela how that’s working out for them Cuba too. You never see people trying to flee to socialist countries but they sure do flee to the US.
God Bless America..
What is $2.4B if you can print money out of thin air?
Congratulations. 🎉 . On your way to the bottom.
35 trillion federal debt. The individual states are also trillions in debt.
The total debt - Federal, state, corporate, personal - is more than $100 trillion. It's terrifying.
So are the citizens in debt - CC, Mortgages, collage loans, unsecured liabilities, etc.. Total debt with Federal around $180 Trillion.
@@Quagma-b2i don't conflate private and public debt. Private debt is a problem, public debt is not
I wander how much this year's are going to be added to the debt in taxes cuts
2.5 Trillion dollars are more. Like in the past term.😮 perhaps more 😠
$35T workouts to be $102K each US citizen is owing. 😂😂😂
People need to know please share this
I am start to wonder that Washington is really , irresponsibly, NOT plan or have No intension to pay off this debt , period.
No intention on paying off the debt.
Default on the national debt
That is only government debt as there is also consumer and corporate debt. On top of that you have unfunded liabilities of around $150 trillion.
The problem with Milei is that as much as he understands economy he has this outdated vision of what the west is. He thinks that by hugging the likes of macron he's embracing freedom.
I share your view. If he persists in that outdate view, he will nulify any achievements with his policies.
Milei, like all other political leaders, is in the club, as is Trump. There are no political solutions.
you're right, everyone knows putin and xi and the real arbiters of freedom
That is sad for future generations.
$35 trillion reached. Let's go for $36 trillion now.
Do not "worry". We get there by the end of the year.
So smart and Pretty, thank you Lena
Lena is great!
How many adults who claim to love their children, still vote for bigger government?
New record ! Congratulations !
If we stop giving money to other countries, we would be okay,
Which country do you have in mind? The one in the Middle East maybe? Who will buy your debt then? You don't pay we don't buy, especially US bonds & military.
@@piotrc7003so your argument is we need to take debt to give you money so you can buy bonds we pay intrest on? That sounds like heads you win tails we loose.
Good stuff, as always! Lena, you should really talk to Michael Hudson, he has a lot to say about all that. Keep it up!
We might have to bring back the 1933 Glass Steagall banking law repealed in 1999, so most of this debt can be written off.
I want to use an example that is totally out of the left field. I want to tell you a story about the recovery of a very heavy mining machine from a shaft. And this is a real story.
A piece of mining equipment fell into the bottom of a very deep shaft. So a heavy Front End Loader was used to haul it to the surface. The idea was to attach a long steel cable to the loader, and then drive slowly forward towards the shaft, lower the cable as it goes. Once the cable reached the stricken machine at the bottom of the shaft, it would hook up to it and the loader would reverse to pull the cable upward.
The idea was simple as well as brilliant, but...
As the loader moved forward closer to the shaft, and as more cable was lowered into the shaft, suddenly the net weight of the cable within the shaft became heavier than the weight of the loader and the power it put out. So slowly and steadily, the loader was pulled into the shaft by the weight of the cable !
So what has this got to do with the US debt? Imagine the net debt being the cable within the shaft. As more and more debt is being piled up, it overcomes the revenues, and eventually the entire economy goes down. Debts have overcome the earning power.
No taxation without gestation.
С любовью, Лена ❤
Could this happen under a Monarchy? Power is passed through the family line. There is accountability. How could there be accountability in elected governments? They come, they go. They destroy. Then, they leave.
The USA inc, admiralty law via the British Crown 👑💖
@@PeterLamin-pi6rv USA Inc apparently is benefiting Wall Street !
@@verypleasantguy the banking dynasties of Europe 💯💯
@@verypleasantguy one square mile The City of London
Wow you are full blown authoritarian
It's almost like capitalism can only be sustained so long as the central hub can continue to afford it's outward expanse, but in order to maintain that expansion the energy of the security and military exceeds that of the national welfare...
And yet they'll say "socialism doesn't work"... And imperial capitalism does? Every empire falls by the exact same pattern time and again throughout history.
Something which the people of Britain tried to explain to both politicians in the UK and the US from 2003 onwards.
Watching the UK make this mistake has been the most tragic thing of all. America is a relatively new nation and hasn't suffered the same history of rises and falls that the British islands have known. You'd think that the UK politicians and aristocracy would have learned this lesson by now. But nope, seems not, and the outcome is going to be severe.
From the dust new power struggles, and from there a new empire will start the exact same pattern all over again.
The insanity of this, when viewed historically is soul-crushing.
what mistake are you referring to?