Podcasts about us national debt

This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comI don't normally put out market commentary on a Sunday, especially on a Sunday evening, but the events of last week were so extraordinary I feel I have to.We are in full-on crash mode, it seems. The price action reminds me of the Covid panic or even 2008. It almost doesn't matter what you own. Portfolios around the world have been battered.The declines in the final two days of last week, since so-called “Liberation Day”, when President Trump announced his tariffs, are roughly as follows:* Bitcoin: -1%* Gold: -3%* S&P 500: -9%* Nasdaq: -10%* Brent Crude: -12.5%* Copper: -13% (phew!)Magnificent Seven:* MSFT: -6%* GOOGL: -7%* AMZN: -13%* META: -14%* NVDA: -15%* TSLA: -15%* AAPL: -17%We are, of course, very long gold and bitcoin here at The Flying Frisby, so I guess we've come out of this comparatively unscathed. What's more, we have a good allocation to wealth preservation in the Dolce Far Niente portfolio. But our speculative positions, like everyone's, have been hit, and I'm angry with myself for not getting more defensive sooner. I've been saying for some time I don't like the price action one bit- eg here and here - and the words of that freaky preacher keep ringing in my ears.In any case, there's no point beating myself up. Life is easy in hindsight. Investing is even easier.I spent considerable time on Friday and Saturday reading and watching interviews, trying to understand exactly what these tariffs are about and what the implications are, and I think I have come up with something of a roadmap.We'll start by explaining the plan. Then we'll look at what comes next. And, finally, we'll look at what to do with some of our recent speculations.Why our opinion is irrelevantI'm a free-trade guy, or at least I was. I'm not quite sure what I am any more. But I'm not going to waste my time - or yours - here with arguments about whether tariffs are a good thing or not. There's no point. My time - and yours - would be as well spent howling at the moon. As far as I know, Donald Trump isn't a reader of The Flying Frisby. He knows his own mind and he's not going to turn to this Substack, or any of our social media feeds, for policy advice.Don't be like DT. Subscribe to the Flying Frisby.Tariffs are here, and they're here to stay. Trump is attempting a major economic redesign - the kind of reset that those who rail against economic injustice have been calling for for years. Now it's here, and as we look at our portfolios, many of us aren't so sure we want it.What I want to understand, first, is the logic behind the tariffs, then their implications, so we can best navigate them.The first thing to note I've already said: Trump isn't going to backtrack. As I watched tumbling share prices on Friday, I thought to myself—he's going to backtrack. He has to. But Trump isn't the Conservative Party, or indeed the Labour Party, changing tack at the slightest sign of discontent. Critics say he'll cave if stocks keep tanking, I'm not so sure. His track record suggests otherwise, and he's put a loyal and strong team together to back him up and implement his plan.He's going to give his tariffs longer than a couple of days to have an impact.Many say Trump hasn't properly thought this through. Of course, he has. He's been thinking about it night and day for years. He'll have been thinking about little else as he wrestles with the problem of how to reinvigorate industrial America. That doesn't mean his plan will work, but the idea he hasn't thought about it is just a facile invention of Trump perma-critics to use against him.Trump may be a bit of a clown - he has a comedic instinct and can't resist a gag - but he's not stupid. Clowns rarely are.Why Trump's doing what he's doingTrump intensely dislikes the decimation of industrial America, which began in the 1980s and still continues, with the outsourcing of manufacturing to Asia and elsewhere. Even 40 years ago , he was giving interviews about this (hence why I say he has thought it through) and he wants to restore it. That's part of what he means when he says, “Make America great again.”He can see that while the American coasts may have thrived, thanks largely to finance and tech, much of what is in between has not. This is the America he wants to make great again.There are two reasons he wants to revive American industry. First, is that he believes the model by which America takes on debt to buy cheap stuff from China is unsustainable and has to stop - and the sooner the better. So it's for the good of the American economy. Second, is for reasons of security. While China and the US may be trading partners now, they are also rivals, and if your rival is making your essential military and strategic equipment and components, whether it's semi-conductors, industrial and consumer electronics, pharmaceuticals or battery and energy storage systems, you have a big problem on your hands. Covid exposed just how fragile supply chains are, and Trump has taken it as an early warning sign.Something very similar, as readers of Daylight Robbery will know, happened in the US after its War of 1812 with the British, a war that lasted three years. The war badly exposed US over-reliance on British industrial goods, so the US introduced tariffs in 1816 to try and nurture and grow its own industry. Those tariffs ended up having grave long-term consequences (they were a major factor in the lead up to the civil war - but that was 45 years later). In the short term, they worked. (More on this here).Coming to America“Come and build your factories in the US,” Trump is saying. “Then you won't pay tariffs. Relocate from China, Mexico, Vietnam.”Here's a case in point. Jaguar Land Rover has already announced it's halting shipments to the US for one month. Now, this company's management - remember its recent rebrand? (see below) - is on the opposing side of the culture war to Donald Trump and MAGA, so that is one factor at play. But when I wrote my piece about how good self-driving Teslas are, a lot of people commented that the Jags are better. I don't know—I haven't been in one. But for sure, Jaguar Land Rover won't want to lose momentum or network effect in this all important arms race, particularly while Tesla is struggling: 45% off its recent highs, victim to nationwide vandalism and Elon Musk no longer the darling but the villain of the eco-warrior left. So what does Jaguar do now? Not sell into the all-important US markets? Pay 25% tariffs? Or build a factory stateside? I think the answer is fairly obvious.Whatever it chooses to do, it's going to take longer than a couple of days.With DOGE and the shrinking of the US state, meanwhile, there'll be plenty of workers to fill those new positions. As the US state shrinks, its private sector grows. That's the idea, anyway.His tariffs may lead to higher prices for American consumers, as many have pointed out, but not as high as widely thought, argues Treasury Secretary Scott Bessent in this recent interview with Tucker Carlson (a recommended watch, by the way). Bessent's calculations are that tariffs won't gouge consumers as much as feared. What's more, the revenue from tariffs could eventually enable lower levels of taxation back home, which will further ease pressure on US citizens, those who work at least.What about the upheaval Trump tariffs cause to the rest of the world? Not his problem. America first.Yet he's creating enormous uncertainty, and markets are tanking. On Friday, markets were in full panic mode, and the baby was being thrown out with the bathwater. What about that?The amazing stat which shows why Trump won't give two hoots about the stock market - for nowAt this point, I want to press upon you one of the most telling statistics I've seen for some time:* The richest 1% of Americans own 50% of US stocks, worth $23 trillion.* The bottom 50% of U.S. adults hold only 1% of stocks, worth $480 billion.If you expand to the top 10%, that group holds 87% of stocks, valued at $36 trillion. If I'm correctly inferring Bessent's comments, at this current point, Trump doesn't care about Wall Street, or Silicon Valley, or the parts of the US economy that have become so rich over the past 40 years. It's the bottom 50 - or even 80% - that Trump is concerned with. They hardly own any stocks, so the market mayhem won't matter so much to them. Wall Street has made good for decades. It can suffer a bit of pain while Main Street gets rebuilt.It's worth noting, by the way, that US equities were enormously overvalued when Trump took office, so some kind of correction had to happen anyway. The Shiller price-to-earnings ratio was at its third highest level in history (the only times it was higher was 2000 and 2007, and we all know what happened next). That's why Warren Buffett built up his enormous cash position two months ago ($330 billion). Buffett, by the way, really is a genius.Best to get the inevitable correction out of the way early in the Presidency. What's more, as Bessent points out, these market declines began several weeks ago with China's AI announcement of DeepSeek, the app that can do everything ChatGPT and Grok can do with much lower power use. Prior to that, the Magnificent Seven had driven the extraordinary gains seen in the S&P 500 over the previous 18 months. Strip them out, and the picture was much less rosy. (Now the Mag7're down 30-45%).Trump's announcement may have pricked the bubble, but a bubble is still a bubble and if one thing doesn't burst it, something else will.Trump's plan, meanwhile, (and I'm not saying it'll work, everyone will have their opinion) is not to boost the stock market. It is to reset the economy. The economy and the stock market are not the same thing.Some numbersThe US is trapped in a vicious debt spiral.$36 trillion is the current US National Debt. The US will spend $6 trillion this year, while only collecting $4 trillion in tax revenue. So there is a $2 trillion deficit. It will borrow the difference, and the debt will grow to $38 trillion. The DOGE plan is reduce the deficit by 1 trillion by getting rid of waste, corruption and more. The tariff plan is to raise another half trillion in revenue. Plus, as a result of tariffs, more business relocates to the US, which also increases revenue. Mass deregulation will also make doing business easier and further add to both economic growth and tax revenue. Then there is Trump citizenship plan. According to Grok, 1 million people worldwide could realistically afford to buy a US residency for $5 million. Let's say 10% of them did that. That's another $500 billion and the $2 trillion deficit is eradicated. Suddenly the US is running a surplus.This all means the US gets in a better position to lower taxes, which will further increase revenue (the golden rule of Daylight Robbery), because trade will increase as a result. Trump could lower corporation taxes to 15% which would be a lot more attractive than the rates of 20-30% paid in Europe. So business relocates to the US. He could lower income taxes, especially for high earners, thereby attracting higher earners to the US. Meanwhile, the cost of all that debt starts to come down, thereby freeing up even more capital.And, suddenly, you are in a virtuous cycle.These numbers make it look easy. But to get there takes an enormous fight - standing up to vested interests, taking on a cultural establishment that detests you, the media, the woke, Trump Derangement Syndrome and so on. It's not easy, and it requires a lot of backbone. The three essential keys to the Trump resetSo what fundamentals does this economic reset need, and how does the US get there?First, it needs cheap energy. Cheap energy is fundamental to economic growth: economies need energy. That's happening. Crude has fallen more than 10% since “Liberation Day”. Falls were turbocharged when, on Thursday, 8 OPEC nations made the surprise announcement that they were ending output cuts and increasing supply. Plus we have the domestic policy of drill baby drill. What with the plethora of natural gas and other shale energy co-products, we're going to see a lot of cheap energy. (Which is going to make our own Ed Miliband's high-energy-cost policies look even more deranged.)Second, it needs a cheaper dollar. A weaker dollar will encourage investment and relocation from overseas (it makes the US cheaper). That's happening too. Indeed, what was so unique about this week's panic is that the dollar—usually the first port of call in a financial storm—didn't rise (at least not at first). Here is the US dollar index. It's coming down. It's already down almost 10% from its highs. That means America just got 10% cheaper to invest in. A move back to the low 90s, or even below, would be ideal.What is the third component?And what next for markets?

This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comI don't normally put out market commentary on a Sunday, especially on a Sunday evening, but the events of last week were so extraordinary I feel I have to.We are in full-on crash mode, it seems. The price action reminds me of the Covid panic or even 2008. It almost doesn't matter what you own. Portfolios around the world have been battered.The declines in the final two days of last week, since so-called “Liberation Day”, when President Trump announced his tariffs, are roughly as follows:* Bitcoin: -1%* Gold: -3%* S&P 500: -9%* Nasdaq: -10%* Brent Crude: -12.5%* Copper: -13% (phew!)Magnificent Seven:* MSFT: -6%* GOOGL: -7%* AMZN: -13%* META: -14%* NVDA: -15%* TSLA: -15%* AAPL: -17%We are, of course, very long gold and bitcoin here at The Flying Frisby, so I guess we've come out of this comparatively unscathed. What's more, we have a good allocation to wealth preservation in the Dolce Far Niente portfolio. But our speculative positions, like everyone's, have been hit, and I'm angry with myself for not getting more defensive sooner. I've been saying for some time I don't like the price action one bit- eg here and here - and the words of that freaky preacher keep ringing in my ears.In any case, there's no point beating myself up. Life is easy in hindsight. Investing is even easier.I spent considerable time on Friday and Saturday reading and watching interviews, trying to understand exactly what these tariffs are about and what the implications are, and I think I have come up with something of a roadmap.We'll start by explaining the plan. Then we'll look at what comes next. And, finally, we'll look at what to do with some of our recent speculations.Why our opinion is irrelevantI'm a free-trade guy, or at least I was. I'm not quite sure what I am any more. But I'm not going to waste my time - or yours - here with arguments about whether tariffs are a good thing or not. There's no point. My time - and yours - would be as well spent howling at the moon. As far as I know, Donald Trump isn't a reader of The Flying Frisby. He knows his own mind and he's not going to turn to this Substack, or any of our social media feeds, for policy advice.Don't be like DT. Subscribe to the Flying Frisby.Tariffs are here, and they're here to stay. Trump is attempting a major economic redesign - the kind of reset that those who rail against economic injustice have been calling for for years. Now it's here, and as we look at our portfolios, many of us aren't so sure we want it.What I want to understand, first, is the logic behind the tariffs, then their implications, so we can best navigate them.The first thing to note I've already said: Trump isn't going to backtrack. As I watched tumbling share prices on Friday, I thought to myself—he's going to backtrack. He has to. But Trump isn't the Conservative Party, or indeed the Labour Party, changing tack at the slightest sign of discontent. Critics say he'll cave if stocks keep tanking, I'm not so sure. His track record suggests otherwise, and he's put a loyal and strong team together to back him up and implement his plan.He's going to give his tariffs longer than a couple of days to have an impact.Many say Trump hasn't properly thought this through. Of course, he has. He's been thinking about it night and day for years. He'll have been thinking about little else as he wrestles with the problem of how to reinvigorate industrial America. That doesn't mean his plan will work, but the idea he hasn't thought about it is just a facile invention of Trump perma-critics to use against him.Trump may be a bit of a clown - he has a comedic instinct and can't resist a gag - but he's not stupid. Clowns rarely are.Why Trump's doing what he's doingTrump intensely dislikes the decimation of industrial America, which began in the 1980s and still continues, with the outsourcing of manufacturing to Asia and elsewhere. Even 40 years ago , he was giving interviews about this (hence why I say he has thought it through) and he wants to restore it. That's part of what he means when he says, “Make America great again.”He can see that while the American coasts may have thrived, thanks largely to finance and tech, much of what is in between has not. This is the America he wants to make great again.There are two reasons he wants to revive American industry. First, is that he believes the model by which America takes on debt to buy cheap stuff from China is unsustainable and has to stop - and the sooner the better. So it's for the good of the American economy. Second, is for reasons of security. While China and the US may be trading partners now, they are also rivals, and if your rival is making your essential military and strategic equipment and components, whether it's semi-conductors, industrial and consumer electronics, pharmaceuticals or battery and energy storage systems, you have a big problem on your hands. Covid exposed just how fragile supply chains are, and Trump has taken it as an early warning sign.Something very similar, as readers of Daylight Robbery will know, happened in the US after its War of 1812 with the British, a war that lasted three years. The war badly exposed US over-reliance on British industrial goods, so the US introduced tariffs in 1816 to try and nurture and grow its own industry. Those tariffs ended up having grave long-term consequences (they were a major factor in the lead up to the civil war - but that was 45 years later). In the short term, they worked. (More on this here).Coming to America“Come and build your factories in the US,” Trump is saying. “Then you won't pay tariffs. Relocate from China, Mexico, Vietnam.”Here's a case in point. Jaguar Land Rover has already announced it's halting shipments to the US for one month. Now, this company's management - remember its recent rebrand? (see below) - is on the opposing side of the culture war to Donald Trump and MAGA, so that is one factor at play. But when I wrote my piece about how good self-driving Teslas are, a lot of people commented that the Jags are better. I don't know—I haven't been in one. But for sure, Jaguar Land Rover won't want to lose momentum or network effect in this all important arms race, particularly while Tesla is struggling: 45% off its recent highs, victim to nationwide vandalism and Elon Musk no longer the darling but the villain of the eco-warrior left. So what does Jaguar do now? Not sell into the all-important US markets? Pay 25% tariffs? Or build a factory stateside? I think the answer is fairly obvious.Whatever it chooses to do, it's going to take longer than a couple of days.With DOGE and the shrinking of the US state, meanwhile, there'll be plenty of workers to fill those new positions. As the US state shrinks, its private sector grows. That's the idea, anyway.His tariffs may lead to higher prices for American consumers, as many have pointed out, but not as high as widely thought, argues Treasury Secretary Scott Bessent in this recent interview with Tucker Carlson (a recommended watch, by the way). Bessent's calculations are that tariffs won't gouge consumers as much as feared. What's more, the revenue from tariffs could eventually enable lower levels of taxation back home, which will further ease pressure on US citizens, those who work at least.What about the upheaval Trump tariffs cause to the rest of the world? Not his problem. America first.Yet he's creating enormous uncertainty, and markets are tanking. On Friday, markets were in full panic mode, and the baby was being thrown out with the bathwater. What about that?The amazing stat which shows why Trump won't give two hoots about the stock market - for nowAt this point, I want to press upon you one of the most telling statistics I've seen for some time:* The richest 1% of Americans own 50% of US stocks, worth $23 trillion.* The bottom 50% of U.S. adults hold only 1% of stocks, worth $480 billion.If you expand to the top 10%, that group holds 87% of stocks, valued at $36 trillion. If I'm correctly inferring Bessent's comments, at this current point, Trump doesn't care about Wall Street, or Silicon Valley, or the parts of the US economy that have become so rich over the past 40 years. It's the bottom 50 - or even 80% - that Trump is concerned with. They hardly own any stocks, so the market mayhem won't matter so much to them. Wall Street has made good for decades. It can suffer a bit of pain while Main Street gets rebuilt.It's worth noting, by the way, that US equities were enormously overvalued when Trump took office, so some kind of correction had to happen anyway. The Shiller price-to-earnings ratio was at its third highest level in history (the only times it was higher was 2000 and 2007, and we all know what happened next). That's why Warren Buffett built up his enormous cash position two months ago ($330 billion). Buffett, by the way, really is a genius.Best to get the inevitable correction out of the way early in the Presidency. What's more, as Bessent points out, these market declines began several weeks ago with China's AI announcement of DeepSeek, the app that can do everything ChatGPT and Grok can do with much lower power use. Prior to that, the Magnificent Seven had driven the extraordinary gains seen in the S&P 500 over the previous 18 months. Strip them out, and the picture was much less rosy. (Now the Mag7're down 30-45%).Trump's announcement may have pricked the bubble, but a bubble is still a bubble and if one thing doesn't burst it, something else will.Trump's plan, meanwhile, (and I'm not saying it'll work, everyone will have their opinion) is not to boost the stock market. It is to reset the economy. The economy and the stock market are not the same thing.Some numbersThe US is trapped in a vicious debt spiral.$36 trillion is the current US National Debt. The US will spend $6 trillion this year, while only collecting $4 trillion in tax revenue. So there is a $2 trillion deficit. It will borrow the difference, and the debt will grow to $38 trillion. The DOGE plan is reduce the deficit by 1 trillion by getting rid of waste, corruption and more. The tariff plan is to raise another half trillion in revenue. Plus, as a result of tariffs, more business relocates to the US, which also increases revenue. Mass deregulation will also make doing business easier and further add to both economic growth and tax revenue. Then there is Trump citizenship plan. According to Grok, 1 million people worldwide could realistically afford to buy a US residency for $5 million. Let's say 10% of them did that. That's another $500 billion and the $2 trillion deficit is eradicated. Suddenly the US is running a surplus.This all means the US gets in a better position to lower taxes, which will further increase revenue (the golden rule of Daylight Robbery), because trade will increase as a result. Trump could lower corporation taxes to 15% which would be a lot more attractive than the rates of 20-30% paid in Europe. So business relocates to the US. He could lower income taxes, especially for high earners, thereby attracting higher earners to the US. Meanwhile, the cost of all that debt starts to come down, thereby freeing up even more capital.And, suddenly, you are in a virtuous cycle.These numbers make it look easy. But to get there takes an enormous fight - standing up to vested interests, taking on a cultural establishment that detests you, the media, the woke, Trump Derangement Syndrome and so on. It's not easy, and it requires a lot of backbone. The three essential keys to the Trump resetSo what fundamentals does this economic reset need, and how does the US get there?First, it needs cheap energy. Cheap energy is fundamental to economic growth: economies need energy. That's happening. Crude has fallen more than 10% since “Liberation Day”. Falls were turbocharged when, on Thursday, 8 OPEC nations made the surprise announcement that they were ending output cuts and increasing supply. Plus we have the domestic policy of drill baby drill. What with the plethora of natural gas and other shale energy co-products, we're going to see a lot of cheap energy. (Which is going to make our own Ed Miliband's high-energy-cost policies look even more deranged.)Second, it needs a cheaper dollar. A weaker dollar will encourage investment and relocation from overseas (it makes the US cheaper). That's happening too. Indeed, what was so unique about this week's panic is that the dollar—usually the first port of call in a financial storm—didn't rise (at least not at first). Here is the US dollar index. It's coming down. It's already down almost 10% from its highs. That means America just got 10% cheaper to invest in. A move back to the low 90s, or even below, would be ideal.What is the third component?And what next for markets?

Peter Schiff discusses the Fed's unchanged interest rates, rising inflation, gold prices signaling monetary issues, and promotes gold and silver investments.Sign up for a $1/month trial period at https://shopify.com/goldPeter Schiff discusses the recent FOMC announcement on interest rates remaining unchanged and critiques the Fed's dovish stance amid rising inflation. Schiff highlights the Fed's plan to slow quantitative tightening, rising gold prices as a warning of loose monetary policy, and calls for higher interest rates. He criticizes the Fed's handling of inflation expectations and the economic composition of job growth. Schiff also promotes gold and silver investments as protection against inflation.

Open Source bi-weekly convo w/ Bill Gurley and Brad Gerstner on all things tech, markets, investing & capitalism. This week they are joined by a surprise guest, and discuss Stargate, executive orders, TikTok, DOGE, Public Valuations & more. Enjoy another episode of BG2! Timestamps: (00:00) Intro (01:21) Stargate (15:07) Dylan Patel and Semianalysis take on Stargate (17:56) Stargate's Impact on AI Competitive Landscape (29:03) DeepSeek (32:03) Special Guest Rene Haas (CEO of ARM Holdings) (49:46) DeepSeek continued (51:53) Trumps Executive Orders & Regulatory Freeze (54:10) Coordination in AI Legistlation (59:38) US National Debt and Balancing the Budget (1:01:08) TikTok (1:05:48) Tech Check Available on Apple, Spotify, www.bg2pod.com Follow: Brad Gerstner @altcap Bill Gurley @bgurley Rene Haas @renehaas237 BG2 Pod @bg2pod https://x.com/BG2Pod

Who Owns the US National Debt? Key Takeaways here are two kinds of national debt: intragovernmental and public. Intragovernmental is debt held by the Federal Reserve and Social Security and other government agencies. Public debt is held by the public: individual investors, institutions, foreign governments. After intragovernmental holdings, the next largest category is national debt held by foreign governments. Of those, Japan has the most, followed by China. The Federal Reserve also invests in U.S. national debt as it added liquidity to the economy during and after the Great Recession, and more recently during the pandemic. https://www.thebalancemoney.com/who-owns-the-u-s-national-debt-3306124 The Federal Reserve... View Article

David provides a thoughtful analysis of the US economy and the US National Debt which now exceeds $36 TRILLION! He is very impressive. Using his extensive experience as a CPA, David served as the seventh Comptroller General of the United States and head of the U.S. Government Accountability Office (GAO) for almost ten years (1998-2008). He served under Presidents Bill Clinton and George W. Bush. David also appeared in the Psychology of Retirement Movie Premiere Hosted by the Blue Heron Capital Team. This is a must listen podcast!

What's a safe withdrawal rate for Wine Guy and Wine Gal in Sonoma California to have 35 years of “guaranteed” retirement spending? How aggressively should they convert their retirement savings to Roth IRA? Should the Bond family move from Silicon Valley to a no-income-tax state in retirement? Can Doc in San Francisco quit work in 8 years when his daughter starts college? Rob in Kansas City and his wife are in their late 30s and have 2 million saved. Can they retire early? Plus, Elisa in Fremont has more than the capital gains exclusion for a married couple of $500,000 worth of home equity. How much will this cost her, and will it kill her IRMAA for Medicare premiums? Should Happy Camper and Jolly Pumpkin take their pension's monthly annuity or the lump sum payout? And finally, Lloyd in South Dakota isn't a fan of retirement accounts and wants Joe and Big Al to talk some sense into him. Access all the free financial resources and the episode transcript: https://bit.ly/ymyw-506 CALCULATE your Financial Blueprint SCHEDULE your Financial Assessment WATCH Financial Planning at Every Age on YMYW TV DOWNLOAD The Retirement Readiness Guide for free READ THE BLOG: It's Not Too Late! Year-End Financial Moves to Make Right Now READ THE BLOG: US National Debt and the Impact on Long-Term Investing REQUEST: Ask Joe & Big Al for your Retirement Spitball Analysis SUBSCRIBE: YMYW on YouTube DOWNLOAD: more free guides READ: financial blogs WATCH: educational videos SUBSCRIBE: YMYW Newsletter   Timestamps:  00:00 - Intro: This Week on the YMYW Podcast 01:05 - What's Our Guaranteed Safe Withdrawal Rate for 35 Years of Retirement? How Aggressive Should We Convert to Roth? (Wine Guy/Gal, Sonoma, CA) 12:09 - Calculate your Financial Blueprint, schedule a Free Financial Assessment 13:45 - Should We Move to a No Income Tax State in Retirement? (James Bond, Silicon Valley, CA - voice) 20:50 - Can I Stop Working in 8 Years When Daughter Starts College? (Doc, San Francisco, CA) 26:10 - Late 30s With $2M. Are We Really on Track for Early Retirement? (Rob, Kansas City) 31:20 - Watch Financial Planning at Every Age on YMYW TV, download the Retirement Readiness Guide 32:25 - Our Home Equity is Over the $500K Exclusion. How Much Will We Be Charged? Will This Kill My IRMAA? (Elisa, Fremont, CA) 35:44 - Should We Take the Monthly Pension or Lump Sum Payout? (Happy Camper & Jolly Pumpkin, WI) 43:03 - I'm Not a Fan of Retirement Accounts. Talk Some Sense Into Me. (Lloyd Christmas, SD) 49:04 - Outro: Read the blogs, It's Not Too Late! Year-End Financial Moves to Make Right Now and US National Debt and the Impact on Long-Term Investing

The national debt in the United States is steadily increasing year after year, finally reaching a historic level. This situation is concerning, with a fast-paced growth at a rate of a staggering $1 trillion accruing to the national debt every 100 days. On today's show, we're going to talk about some of the main factors brewing behind the scenes. This massive amount of looming debt proves a serious lack of financial responsibility within the US government, including skyrocketing spending habits that will have serious lasting effects for the American people for decades to come.

David Hilderman has a Bachelor of Applied Sciences in Electronic Information Systems Engineering from the University of Regina and has worked in the electronics industry since graduation in 1988. David grew up in Saskatchewan, the second oldest in a family of six boys.  Since 2000 he has lived in beautiful Saanichton British Columbia, raising two great kids with his lovely wife. He went to the Victoria area to combine his engineering experience and love of music production to work for TC-Helicon, a company that makes products for performing musicians. He worked there for 19 years, five of which were in the role of Chief Operating Officer. Early 2020 he became aware of the fact that sea level rise rates were not accelerating.  In Victoria, the rate of rise has not changed over the entire record since 1909 and is only 0.75mm/yr.   This began his research in other climate alarmist claims.  Reality is so counter to the narrative and the consequences of acting on the narrative are so detrimental that he felt he needed to do something about it. In 2021 he ran in the federal election against the Green Party incumbent, Elizabeth May, and had the opportunity to debate her on the issue of climate five times. He continues to be active in his community, working to educate people on the benefits of increasing atmospheric CO2. 00:00 Introduction: The Impact of Deception 00:31 Energy Consumption Around the World 04:45 Data Analysis and Methodology 08:07 Climate Change Narratives and Media Influence 10:54 Political Dynamics in Canada 20:09 Personal Journey and Climate Skepticism 37:25 Questioning the Origins of Hydrocarbons 38:14 Introduction to Martin Armstrong's Economic Model 40:13 Martin Armstrong's Predictions and Legal Troubles 41:40 Discussion on US National Debt and Global Economic Concerns 47:24 Climate Change and CO2 Emissions Debate 54:37 Haiti: Culture, Challenges, and Voodoo Beliefs 01:15:34 Concluding Thoughts and Future Plans https://co2coalition.org/teammember/david-hilderman/ https://x.com/david_hilderman 34% of the world's weather stations have experienced 70+ year cooling trends: https://x.com/TomANelson/status/1858837448496754999 Pollock: Solar panels don't make sense above 35 degrees latitude: https://x.com/TomANelson/status/1841626005976318009 ========= AI summaries of all of my podcasts (plus transcripts of recent podcasts): https://tomn.substack.com/p/podcast-summaries About Tom Nelson: https://linktr.ee/tomanelson1 AI summaries of all of my podcasts: https://tomn.substack.com/p/podcast-summaries YouTube: https://www.youtube.com/playlist?list=PL89cj_OtPeenLkWMmdwcT8Dt0DGMb8RGR X: https://x.com/TomANelson Substack: https://tomn.substack.com/ About Tom: https://tomn.substack.com/about

The US Treasury Department plans to borrow an additional $1.37 Billion in the next 6 months. This will push the debt over $37 Trillion. Deficit spending is driving bond yields higher. This will continue as long as the government has significant debt.  Higher bond yields increase insurance policy dividends.     Multiple insurance companies have officially announced increased dividends for 2025! Most insurance experts predict dividends will continue to increase for the next 3-5 years up to the next 10 years. This is the best time to invest in high cash value insurance and annuities in 42+ years.     Wall Street is concerned the stock market may be on the cusp of another "lost decade". Goldman Sachs is now projecting a 3% annual return for the next decade. Nearly every leading economic indicator points to challenging economic times ahead.   Reducing market risk is important to thrive through volatility.  Reduce your market risk. Reduce your future tax liability. Increase liquidity. Create positive cash flow on your money. Your Personal Bank allows you to grow your money insured, guaranteed, tax-free, and highly liquid.

Become a Client: https://nomadcapitalist.com/apply/ Get our free Weekly Rundown newsletter and be the first to hear about breaking news and offers:https://nomadcapitalist.com/email Join us for the next Nomad Capitalist Live event: https://nomadcapitalist.com/live/ In this episode, we cover reporting indicating that United States treasuries are no longer a safe bet. Mr. Henderson explains how the US's exorbitant privilege has led to out-of-control deficit spending and debt levels that should scare away investors. He also reveals other countries with better fiscal discipline where investors could consider purchasing government debt and potentially obtain a residence permit or citizenship. Nomad Capitalist helps clients "go where you're treated best." We are the world's most sought-after firm for offshore tax planning, dual citizenship, international diversification, and asset protection. We use legal and ethical strategies and work exclusively with seven- and eight-figure entrepreneurs and investors. We create and execute holistic, multi-jurisdictional Plans that help clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against threats in their home country. No other firm offers clients access to more potential options to relocate to, bank in, or become a citizen of. Because we do not focus only on one or a handful of countries, we can offer unbiased advice where others can't. Become Our Client: https://nomadcapitalist.com/apply/ Our Website: http://www.nomadcapitalist.com/ About Our Company: https://nomadcapitalist.com/about/ Buy Mr. Henderson's Book: https://nomadcapitalist.com/book/ DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

Pushpendra Mehta meets with Paul Galloway, Senior Director, Advisory Services at Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include the following: Three critical aspects facing treasurers, CFOs, and CEOs – Now and Beyond The three critical aspects discussed in the above article are appended below. These have been covered as separate topics in the podcast. 2:13 Record-high US national debt: A ticking time bomb likely to spark a debt crisis 10:46 Key focus areas for treasury and finance in the coming years: Technology, payments, payments security, and risk management 19:17 Fed cut rates, yet corporate America faces higher interest expenses 26:10 Global banks to use Swift to trial live digital asset transactions from 2025 Other Resources: Federal Debt Data - FiscalData Interest Rates – The Economist

Send us a textHow risky is the national debt? What's the different between the deficit and the national debt? How long until the debt becomes a problem? What can we do about it? Are the solutions only political? As an investor, how does the increase in the national debt impact how you allocate capital today? I dig into all of these questions and more with Chris Brigham, a Senior Research Analyst at Bernstein, who has led much of a research on the US national debt.With any questions or comments, or to discuss your own financial situation, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The views expressed here may change at any time after the date of this podcast. This podcast is for informational purposes only and does not constitute investment advice. AllianceBernstein L.P. does not provide tax, legal or accounting advice. It does not take an investor's personal investment objectives or financial situation into account; investors should discuss their individual circumstances with appropriate professionals before making any decisions. This information should not be construed as sales or marketing material or an offer or solicitation.

In this episode of Ask Me Anything, Ryan and Kipp break down the $35 trillion U.S. national debt, explaining its impact and how each American owes $135,000. They hold political leaders accountable and call for sustainable spending. They also discuss the need for disruption to achieve personal growth, offering tips for early recognition and setting boundaries in relationships. In leadership, they highlight transparency and turning arrogance into inspiration. For fathers, they suggest activities to bond with homeschooled children, and provide resources like Iron Council to help you grow. Tune in for insights on financial, personal, and relational success. SHOW HIGHLIGHTS (00:00) Episode Intro (00:40) US National Debt and Spending Crisis   (16:07) Breakdowns and Breakthroughs   (26:06) Navigating Boundaries in Relationships   (40:49) Building Relationships Through Service   (48:00) Power of Transparency in Leadership   (00:06:06) Engaging Activities to Support Homeschooling   (01:05:09) Discovering Your Path to Manhood Battle Planners: Pick yours up today! Order Ryan's new book, The Masculinity Manifesto. For more information on the Iron Council brotherhood. Want maximum health, wealth, relationships, and abundance in your life? Sign up for our free course, 30 Days to Battle Ready

What is the best way to measure National Debt Sustainability, and how does the US do on those metrics compared to other countries? In the first episode of the new season, hosts and finance professors Jonathan Berk and Jules van Binsbergen speak with guest Mohamed El-Erian about the intricacies of the national debt, different measures of sustainability, and the implications of rising debt for national and global economies. Mohamed, Jonathan, and Jules also explore the broader macroeconomic and geopolitical factors at play. They discuss the importance of demographic shifts as well as recent technological advancements (AI) for economic growth and our fiscal future.El-Erian is the former chair of President Obama's Global Development Council and former CEO of PIMCO. He is a Senior Fellow at the Lauder Institute. Find All Else Equal on the web: https://lauder.wharton.upenn.edu/allelse/ All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM.

The US national debt has hit a new $35 trillion landmark, according to the latest data from the US Treasury Department. That is equal to the GDPs of China, Japan, Germany, India, and Britain combined. This year alone, the International Monetary Fund has twice sounded alarm, saying the escalating US debt load poses a growing risk to the global economy.What has led to the continued rise of the US government debt? In what ways could this issue become risky for America and beyond? Host Ding Heng is joined by William Lee, Chief Economist of Milken Institute, a California-based economic think tank; Professor Qu Qiang, Fellow of Belt and Road Research Center at Minzu University of China; Professor Liu Baocheng, Director of the Center for International Business Ethics with University of International Business and Economics; David Blair, Vice President and Senior Economist of the Center for China and Globalization.

GUEST 1 OVERVIEW: Founder of Armstrong Economics, AE Global Solution, and Princeton Economics International. Martin has testified before Congress and was called in when creating the G5 in 1985. He was later called in again by the Presidential Brady Commission to help with the 1987 Crash. He was also called in by the European Commission when crafting the EURO. He has been called by governments around the world, from China during the 1997 Asian Currency Crisis to Europe and the Middle East. Even in 1996, when he testified before the House Ways & Means Committee on the dollar and the global economy, he had the equivalent of 50% of the US National Debt under contract. He was the largest institutional adviser, perhaps ever. GUEST 2 OVERVIEW: Mary Rooke is a Catholic mom of four and author of the Daily Caller's column featuring based takes on modern-day insanities. She also writes analysis for Patriot subscribers. You can follow her on X at @MaryRooke_ and read her column at dailycaller.com GUEST 3 OVERVIEW: Billy Te Kahika is a New Zealand Māori, international blues guitarist, businessman and former political candidate. He attracted national and international media coverage both as the leader of the New Zealand Public Party and for his stance on the New Zealand Government's lockdown restrictions in response to COVID-19. Billy has been harassed by the New Zealand Government and media for his views. He is a family man, pastor and documentary producer and presenter.

In this video, Joe breaks down all of the mania surrounding bitcoin over the last 72 hours. He first discusses Trump's proposed Strategic National Bitcoin Stockpile, alongside Senator Cynthia Lummis' bill to create a Strategic Bitcoin Reserve. He then breaks the news that the Biden-Harris administration has likely begun the sale of the US' existing bitcoin holdings, moving $2 billion into a new wallet for a likely OTC sale to thwart Trump's plans of a reserve using our existing seized BTC holdings. He then takes a look at bitcoin's price action being driven largely by leveraged trading, wanting to see spot accumulation before we have a solid chance at moving sustainably higher. He rounds out the video discussing the US National Debt hitting $35 trillion as of this morning, and why bitcoin offers a solution not just for the government, but for individuals looking to hedge themselves from the recklessness. The Bitcoin Layer is a bitcoin and global macroeconomic research firm. The Bitcoin Layer is proud to be sponsored by Unchained, the leader in Bitcoin financial services. Unchained empowers you to take full control of your Bitcoin with a collaborative multisig vault, where you hold two of three keys, and benefit from a Bitcoin security partner. Purchase Bitcoin directly into your cold storage vault and eliminate exchange risks with Unchained's Trading Desk. Unchained also offers the best IRA product in the industry, allowing you to easily roll over old 401(k)s or IRAs into Bitcoin while keeping control of your keys. Don't pay more taxes than you have to. Talk to us today. Visit https://thebitcoinlayer.com/unchained and use code TBL for $100 off when you create an account. Subscribe and turn on notifications for TBL on YouTube. Subscribe to TBL's research letter: https://thebitcoinlayer.com/subscribe Follow TBL on X: https://twitter.com/TheBitcoinLayer Subscribe to The Bitcoin Layer on your favorite podcast platform. Join the official TBL channel on Telegram: https://t.me/thebitcoinlayerofficial Use code TBLYT10 for 10% off all The Bitcoin Layer Merch at http://TheBitcoinLayer.com/merch Block Height 854566 Contribute to The Bitcoin Layer via Lightning Network: thebitcoinlayer@zbd.gg Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc Research Associate Joe Consorti's Twitter: https://twitter.com/JoeConsorti Creative Director Matthew Ball's Twitter: https://twitter.com/matthewrball #TheBitcoinLayer #NikBhatia #JoeConsorti #Bitcoin #BitcoinNews #BTC #BitcoinPrice #BitcoinUpdate #BitcoinBullMarket #BullMarket #TrumpBitcoin #Trump #TrumpNews #BidenBitcoin #BitcoinReserve #USDebt #FinancialNews #Investment #BitcoinStrategy #BitcoinAnalysis #HedgeAgainstInflation #Bloomberg #Analysis #Charts #Tradingview #InvestmentStrategy #MarketWatch #StockMarket #PassiveInvesting #IndexFunds #FinancialMarkets #MarketWatch #FreeMarket #FreeMarkets #Markets #USTreasury #TreasuryBills #BalanceSheet #FED #Debt #Inflation #Statistic #Rates #Interest #Asset #Bitcoin #Dollar #Sats #BTC #Market #Currency #Crypto #Analysis #Investment #News #Finance #Education #Blockchain #Mining #BitcoinMining #macro The Bitcoin Layer and its guests do not provide investment advice.Subscribe to The Bitcoin Layer on Soundwise

In this episode of Wealthion, Andrew Brill sits down with Dylan Smith, Vice President and Senior Economist at Rosenberg Research, to delve into the current state of the economy. They discuss the signals of an impending economic downturn, the anticipated rate cuts by the Federal Reserve, and the broader implications of these changes for both investors and the general public. Dylan provides a detailed analysis of inflation trends, labor market shifts, and the potential political impacts on fiscal policy. TIMESTAMPS: 00:00 - Powell's Next Moves 00:49 - Introduction of Dylan Smith 01:19 - Current State of Economy 02:24 - Economic Data Revisions 04:44 - Inflation and Interest Rates 05:48 - Unemployment Importance 07:21 - Labor Market Easing 08:17 - Interest Rates Discussion 09:15 - Political Implications 11:14 - Election Impact on Inflation 15:39 - CPI and PPI Expectations 17:13 - Rate Cut Hints 21:18 - Market Reactions 33:02 - Market Volatility Concerns 39:56 - US National Debt

The US national debt is a significant and often misunderstood topic: With the current debt sitting at around $34.6 trillion, many wonder if this signals an impending crisis. Peter breaks down what this figure means and explores the broader implications (many of which may surprise you).   Listen now and learn: Differences between the deficit, the debt, and the debt ceiling How US government finances are very different than household finances  Why inflation, not default, is the real risk of our deficit spending   Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

In this episode, Fisher Investments' founder and Co-Chief Investment Officer Ken Fisher addresses a common investor concern—US national debt. Visit our episode page https://www.fisherinvestments.com/en-us/insights/podcasts/june-2024-ken-fisher-discusses-us-national-debt-fears, where you'll find links to more information and resources to help you become a more informed investor. And if you have questions about capital markets, investing or personal finance, email us at marketinsights@fi.com. We may use them in an upcoming episode.

The US National Debt is at nearly $35T dollars. In the 10 seconds it's taken me to read this line... it's gone up $400K dollars. EOB yesterday... to now... $20B. Dave wanted to know... how to do you pay off the national debt? Is it like your credit card? You have a minimum you have to pay... and anything above and beyond goes to principal? Nope... it's not that easy... but it's also not that hard. Dave walks through what he learned from a conversation with BYU Professor of Economics,  Mark Showalter.

The US National Debt now sits at around $35 Trillion. Higher debt means higher interest payments. Isn't it important for our government to only spend what they have coming in just like the rest of us? To help us learn more about the state of our national debt and what continued deficit spending means for our future, I've invited Author Mark Higgins to the show today. GUEST BIO - Mark Higgins: Mark is a frequent speaker both domestically and internationally on topics related to US financial history and institutional investment management.  He is also the Author of the new book “Investing in U.S. Financial History: Understanding the Past to Forecast the Future”. When Mark isn't helping investors plan for the future, Mark enjoys spending time with his wonderful wife and two children in Portland, Oregon. EPISODE RESOURCES: Sponsors + Partners + Deals MKM RESOURCES: MKM Coaching: Want 1-on-1 support with your family finance journey? Book a time with me today. Make My Kid a Millionaire Course: Want to build generational wealth and happiness for your kid? Learn more about my course! YouTube: Subscribe for free to watch videos of these episodes and interviews. Instagram: Follow our IG channel SHOW INFORMATION:  Marriage Kids and Money is dedicated to helping young families build wealth and happiness. This award-winning platform helps couples and parents achieve financial independence and discover the true meaning of wealth.  To achieve these big goals, we answer questions and interview experts who uncover smart net worth building habits and tools that can help everyone find their own version of financial independence. Learn more at https://www.marriagekidsandmoney.com  HOST BIO:  Andy Hill, AFC® is the award-winning family finance coach behind Marriage Kids and Money - a platform dedicated to helping young families build wealth and happiness.  Andy's advice and personal finance experience have been featured in major media outlets like CNBC, Forbes, MarketWatch, Kiplinger's Personal Finance and NBC News. With millions of downloads and views, Andy's message of family financial empowerment has resonated with listeners, readers and viewers across the world.    When he's not "talking money", Andy enjoys being a soccer Dad, singing karaoke with his wife and relaxing in his hammock. HOW WE MAKE MONEY + DISCLAIMER: This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. CREDITS: Podcast Artwork: Liz Theresa Editor: Podcast Doctors Podcast Support: Nev Maraj Learn more about your ad choices. Visit megaphone.fm/adchoices

Decades of spending beyond our means is truly hitting the breaking point. People are rightfully concerned about what comes next and what they should do so here's my attempt at answering those questions. go to https://www.joincrowdhealth.com/ and use promo code LOCKDOWN at sign-up to get your first 3 months at just $99 Pick up the best razor in the game, Nadeau Razor, use code LOCKDOWN for a special discount for my audience only: https://nadeaushaveco.com/ Running low: https://fenixammo.com/ If you want to support my campaign for VP start off by signing up for the LP here: https://my.lp.org/partner/liberty-lockdown-podcast/ Check out my show over on Fountain: https://www.fountain.fm/show/nUTYcMtl4yMuoKHljZWu Become a supporting member of Liberty Lockdown here!: https://libertylockdown.locals.com/ This is where I do monthly AMA's for supporting members only Super valuable stuff! Twitter: https://twitter.com/LibertyLockPod Pickup LL shirts over at https://www.toplobsta.com/products/ll-lakers?_pos=5&_sid=e7319ba4a&_ss=r&variant=40668064186434 NEW DESIGNS JUST DROPPED All links: https://www.libertylockdownpodcast.com/ Linktree: https://linktr.ee/libertylockdown As always, if you leave a five star review on Apple Podcasts with your social media handle I'll read it on next weeks show (audio version only)! Love you long time Liberty Lockdown presents a variety of opinions, sometimes opposing and controversial. They are not representative of the host of the podcast. Guests are encouraged to express their opinions in a safe and equitable environment.

There's been a lot of discussion recently about the US's surging government debt and deficit. In this episode we examine the economics behind this politically polarizing issue.

US National Debt tops 34 trillion dollars! Stingray Rob LIVE with Mike & Chris More of your 2024 predictions Congressman Scott Perry Lawsuit

AP correspondent Norman Hall reports: National Debt

On this episode of the Biz Doc Podcast, Tom tackles the weighty issue of the US national debt: what it is, how we got here, and, critically, who's on the hook for it all. Then, in a case study now all too familiar, The Biz Doc dives deep into Nikola Electric Motors, dissecting the now-common tale of founders who overpromise and underdeliver. Buckle up for a double dose of financial reality! _________________________________ Watch The Biz Doc Podcast every Friday at 1pm & catch a new "Biz Doc Bite" every single day at 9:30am EST. Thanks for watching! And I hope I left you better than I found you. Subscribe to the channel and turn on notifications! _________________________________ FaceTime or Ask Tom Ellsworth any questions on https://app.minnect.com/expert/ThomasEllsworth Help us welcome back Tom Ellsworth! Follow him on social media: Instagram: https://www.instagram.com/ellsworth.thomas/ Twitter: https://twitter.com/TomEllsworth #BizDoc #BusinessInsider #Valuetainment #Business #News

Is America now in recession, or within striking distance? DICK BOVE, chief financial strategist at ODEON CAPITAL GROUP, thinks so. As the US stock market skyrockets in anticipation of a series of interest rate cuts in 2024, BOVE sees huge trouble in sections of the US economy. Forget about the standard textbook definition of recession—two consecutive quarters of declining GDP—the cracks are already appearing. Negative equity on automobiles in America, for instance, is at the highest level in three years. (Two consecutive quarters of declines are not always applied in the designation of recessions today, according to MAT VAN ALSTYNE, recalling the most recent bouts of recession.) While investors anticipate rate cuts, BOVE says the Fed has muddied the waters with conflicting communications from Fed Chair Jerome Powell, and separate comments by Fed governors. "Investors don't care, they see inflation has come down and they see rates coming down," he added. BOVE is out with a new report. Who Owns the US Federal Debt? Who Will Pay For It? With the US National Debt at over $33 trillion and rising, deficit spending could hit some $2.2 trillion in fiscal 2023. Now foreign buyers of US Treasuries are scaling back, raising questions on who will step in. Meanwhile, the brutual war in Ukraine continues to grind on. "My view is that Russia is winning, " says BOVE, "not so much as in Ukraine but in the global financial system." Joining the CONVERSATION, our host, JOHN AIDAN BYRNE, outlines Putin's strategy for leveraging the exit of foreign companies from Russia to his advantange, a tax that has contributed to his nation's coffers. Questions & Comments: Podcast@odeoncap.com

HR3 5 Frightening Facts: US National Debt & Ability to Pay It. Employer's Market. Economy 10-26-23 by John Rush

Pushpendra Mehta meets with Paul Galloway, Senior Director, Advisory Services at Strategic Treasurer, and Ben Poole, Writer at CTMfile, to review the latest treasury news and developments. Topics of discussion include the following:   Debt crisis on the horizon: US national debt surpasses $33 trillion Lack of visibility the top challenge for CFOs as FX market uncertainty bites Basel Committee reports on 2023 banking turmoil Virtual card transactions to increase 388% by 2028 thanks to API platforms   

Join America's Roundtable (https://americasrt.com/) radio co-hosts Natasha Srdoc and Joel Anand Samy with one of America's top economists and a leading voice in advancing principled reforms in America — former U.S. Congressman Dave Brat, Vice Provost, Liberty University. While in Congress, Brat served on the Budget, Education and Small Business Committees, and he chaired the subcommittee on Economic Growth, Tax and Capital Access. He was a member of the Virginia Board of Accountancy and served as president of the Virginia Association of Economists. He was also an economic consultant with Arthur Andersen and the World Bank. He is a distinguished advisory board member of the International Leaders Summit. Brat has more than 20 years of experience in higher education teaching economics and ethics. He holds a Ph.D. in Economics from The American University, an M.Div. from Princeton Theological Seminary, and a B.A. in Business Administration from Hope College. Key Topics on America's Roundtable: —US national debt passes $33 trillion | Government shutdown looms. —Crisis on the US southern border | Security breach: Smuggler with links to the jihadist Islamic State, also known as ISIS was caught at the U.S-Mexico border. —17,894 illegal immigrants from China apprehended at the US southern border in fiscal year 2023 | Surge of military age men from China entering the U.S. illegally is up from 2,176 caught entering America in fiscal year 2022. —Review: US Economy and Security. —Highlighting principled solutions. americasrt.com (https://americasrt.com/) https://ileaderssummit.org/ | https://jerusalemleaderssummit.com/ America's Roundtable on Apple Podcasts: https://podcasts.apple.com/us/podcast/americas-roundtable/id1518878472 Twitter: @DaveBratVA7th @ileaderssummit @AmericasRT @NatashaSrdoc @JoelAnandUSA @supertalk America's Roundtable is co-hosted by Natasha Srdoc and Joel Anand Samy, co-founders of International Leaders Summit and the Jerusalem Leaders Summit. America's Roundtable (https://americasrt.com/) radio program - a strategic initiative of International Leaders Summit, focuses on America's economy, healthcare reform, rule of law, security and trade, and its strategic partnership with rule of law nations around the world. The radio program features high-ranking US administration officials, cabinet members, members of Congress, state government officials, distinguished diplomats, business and media leaders and influential thinkers from around the world. Tune into America's Roundtable Radio program from Washington, DC via live streaming on Saturday mornings via 65 radio stations at 7:30 A.M. (ET) on Lanser Broadcasting Corporation covering the Michigan and the Midwest market, and at 7:30 A.M. (CT) on SuperTalk Mississippi — SuperTalk.FM reaching listeners in every county within the State of Mississippi, and neighboring states in the South including Alabama, Arkansas, Louisiana and Tennessee. Listen to America's Roundtable on digital platforms including Apple Podcasts, Spotify, Amazon, Google and other key online platforms. Listen live, Saturdays at 7:30 A.M. (CT) on SuperTalk | https://www.supertalk.fm

The Silent Weapon! Check out Doug and Stacy's video... The SILENT WEAPON is here now! Have you read this? - YouTube

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GET DEBT FREE: https://4dmbox.teachable.com/p/master-your-money WEBSITE: http://4dmbox.com SUBSCRIBE: https://www.youtube.com/channel/UCxQT5W5soXUo1kkDWH1R_zg?sub_confirmation=1 #finance #business #money #investing #financialfreedom #investment #entrepreneur #trading #stockmarket #stocks #wealth #invest #bitcoin #success #forex #motivation #realestate #investor #cryptocurrency #accounting #personalfinance #crypto #financialliteracy #wallstreet #smallbusiness #credit #entrepreneurship #marketing #trader #financetips --- Send in a voice message: https://podcasters.spotify.com/pod/show/4dmboxcom/message Support this podcast: https://podcasters.spotify.com/pod/show/4dmboxcom/support

As Congress stumbles to pass an actual budget for Fiscal Year 2024... our nation's debt continues to march towards unsustainability. Today... the US National Debt hit $33 Trillion. Marc Goldwein from the Committee for a Responsible Federal Budget joins to discuss how this impacts our future and what Congress should be thinking about when it funds the government.See omnystudio.com/listener for privacy information.

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Mark Moss navigates through the intricate dynamics of the NATO summit, Sweden's entry, and the potential threats to Ukraine's security. He dives deep into Bitcoin's growth amidst the US's hesitations with Central Bank Digital Currency (CBDC). We learn about Bitcoin miners' recent earnings surge and the controversial lawsuit filed by cryptocurrency bank Custodia against the Federal Reserve. Mark also discusses tech giants' legal battles and exposes the alleged collusion between Big Tech and the federal government. In his economic analysis, he uncovers the peculiarities behind the newly adjusted CPI calculations, the alarming surge in the US National Debt, and predictions of a looming recession. This episode is a wealth of insights for anyone tracking global politics, cryptocurrency developments, and economic trends.See omnystudio.com/listener for privacy information.

The level of US government debt has just surpassed 32 trillion dollars. Negotiations over raising the borrowing limit once again went down to the wire a few weeks ago. But how concerned should we all be about how much the US government borrows? We investigate with the help of Kent Smetters, professor at the Wharton School of the University of Pennsylvania and Betsey Stevenson, Professor of Economics and Public Policy at the University of Michigan. Presenter: Charlotte McDonald Producer: Jon Bithrey Editor: Richard Vadon Production Co-ordinator: Brenda Brown Sound Engineer: Graham Puddifoot

Juneteenth, multiple mass shootings, Wyndham Clark wins the US Open, Michael Jordan to sell Charlotte Hornets, Kourtney Kardashian announces pregnancy, Pete Davidson charged, The Flash underperforms, Linda Hamilton joins Stranger Things, Shawn Mendes returns to the stage, Trent Reznor steps away from the stage, Lady Gaga announces concert film, breakfast ice cream, King Charles birthday parade, US National Debt & more... Learn more about your ad choices. Visit megaphone.fm/adchoices

Juneteenth, multiple mass shootings, Wyndham Clark wins the US Open, Michael Jordan to sell Charlotte Hornets, Kourtney Kardashian announces pregnancy, Pete Davidson charged, The Flash underperforms, Linda Hamilton joins Stranger Things, Shawn Mendes returns to the stage, Trent Reznor steps away from the stage, Lady Gaga announces concert film, breakfast ice cream, King Charles birthday parade, US National Debt & more... Learn more about your ad choices. Visit megaphone.fm/adchoices

Join America's Roundtable (https://americasrt.com/) radio co-hosts Natasha Srdoc and Joel Anand Samy with Dr. Ben Carson (https://americancornerstone.org/), founder of the American Cornerstone Institute and former Secretary of the U.S. Department of Housing and Urban Development. At the age of 33, Dr. Carson became the chief of pediatric neurosurgery at Johns Hopkins Hospital, making him the youngest major division director in the hospital's history. This would be among an extensive list of outstanding firsts for Dr. Carson. Dr. Carson's accomplishments have earned him a place in medical history. He performed the first and only successful separation of craniopagus (Siamese) twins joined at the back of the head in 1987. He also performed the first fully successful separation of type-2 vertical craniopagus twins in 1997 in South Africa. In his career, Dr. Carson became a professor of neurosurgery, oncology, plastic surgery, and pediatrics at the Johns Hopkins School of Medicine, and directed pediatric neurosurgery at the Johns Hopkins Children's Center for over 29 years. Dr. Ben Carson addresses key topics on America's Roundtable: — America's failure in educating a new generation. Dr. Carson highlights principled solutions and discusses ideas that will empower parents and students. — Steps to rein in government spending and the urgency to bring back fiscal responsibility to Washington, DC. Record debt and deficit places America at significant risk. — The Durham Report. — Reflecting on the significance of Memorial Day, and remembering the sacrifices made for the great cause of freedom. Biography | Dr. Ben Carson (https://carsonscholars.org/about-csf/dr-carson/) For a time, the likelihood of Benjamin S. Carson, Sr., M.D. fulfilling his childhood dream of becoming a physician seemed unlikely. Growing up in a single parent home with dire poverty, poor grades, a horrible temper, and low self-esteem appeared to preclude the realization of that dream until his mother, with only a third-grade education, challenged her sons to strive for excellence. She observed successful people and encouraged her sons to emulate their behaviors, including reading. This led to behavior changes which had a profound effect on their education. In 1973, Ben Carson graduated from Yale University. He went on to receive his M.D. from the University of Michigan Medical School. At the age of 33, Dr. Carson became the chief of pediatric neurosurgery at Johns Hopkins Hospital, making him the youngest major division director in the hospital's history. This would be among an extensive list of outstanding firsts for Dr. Carson. Dr. Carson's accomplishments have earned him a place in medical history. He performed the first and only successful separation of craniopagus (Siamese) twins joined at the back of the head in 1987. He also performed the first fully successful separation of type-2 vertical craniopagus twins in 1997 in South Africa. In his career, Dr. Carson became a professor of neurosurgery, oncology, plastic surgery, and pediatrics at the Johns Hopkins School of Medicine, and directed pediatric neurosurgery at the Johns Hopkins Children's Center for over 29 years. He became the inaugural recipient of a professorship dedicated in his name in May 2008. He is now the Emeritus Benjamin S. Carson, Sr., M.D. and Dr. Evelyn Spiro, R.N. Professor of Pediatric Neurosurgery, having retired on June 30, 2013. In 2016, Dr. Carson accepted the position of Secretary of Housing and Urban Development under the Trump administration. After completing his tenure as the 17th Secretary of the Department of Housing and Urban Development in 2021, Dr. Carson founded the American Cornerstone Institute. This organization is focused on fighting for the principles that have guided him through life and that make this country great: faith, liberty, community and life. Dr. Carson and his wife, Candy Carson, co-founded the Carson Scholars Fund, which recognizes young people of all backgrounds for exceptional academic and humanitarian accomplishments. The organization has awarded more than 10,500 scholars and more than $8 million in scholarships. The Carson Scholars Fund is currently operating in 50 states and the District of Columbia, and since its founding, has installed more than 250 Ben Carson Reading Rooms around the country. Dr. and Mrs. Carson reside in Florida. They are the proud parents of three sons and three daughters-in-law, and blessed grandparents of eight grandchildren. Visit America's Cornerstone Institute (https://americancornerstone.org/) Visit the educational program — Little Patriots Learning (https://littlepatriotslearning.com/) | A free online learning platform that helps you teach kids K-5 American history, civics lessons, and our nation's values at home, in the classroom, or on the go. The American Cornerstone Institute created the Little Patriots platform for parents, grandparents, teachers, and caregivers to have a free, online resource to use to teach children civics lessons, history, and American values at home, in the car, or after school. americasrt.com (https://americasrt.com/) https://ileaderssummit.org/ | https://jerusalemleaderssummit.com/ America's Roundtable on Apple Podcasts: https://podcasts.apple.com/us/podcast/americas-roundtable/id1518878472 Twitter: @RealBenCarson @ileaderssummit @AmericasRT @NatashaSrdoc @JoelAnandUSA @supertalk America's Roundtable is co-hosted by Natasha Srdoc and Joel Anand Samy, co-founders of International Leaders Summit and the Jerusalem Leaders Summit. America's Roundtable (https://americasrt.com/) radio program - a strategic initiative of International Leaders Summit, focuses on America's economy, healthcare reform, rule of law, security and trade, and its strategic partnership with rule of law nations around the world. The radio program features high-ranking US administration officials, cabinet members, members of Congress, state government officials, distinguished diplomats, business and media leaders and influential thinkers from around the world. Tune into America's Roundtable Radio program from Washington, DC via live streaming on Saturday mornings via 65 radio stations at 7:30 A.M. (ET) on Lanser Broadcasting Corporation covering the Michigan and the Midwest market, and at 7:30 A.M. (CT) on SuperTalk Mississippi — SuperTalk.FM reaching listeners in every county within the State of Mississippi, and neighboring states in the South including Alabama, Arkansas, Louisiana and Tennessee. Listen to America's Roundtable on digital platforms including Apple Podcasts, Spotify, Amazon, Google and other key online platforms. Listen live, Saturdays at 7:30 A.M. (CT) on SuperTalk | https://www.supertalk.fm

0:00 Intro 1:29 The Expose 4:46 Firearms 8:30 New Security Measures 14:42 US National Debt 20:55 LGBTQ+ Products for Kids 23:48 Terrorist Organization 25:28 Gender Transition 34:10 Unused Border Wall 39:17 Interview with Karen Kingston - Expose-News editor seriously injured in deep state assassination attempt - 50 US senators just issued satellite phones as a security measure - Croatian politician declares WHO to be a TERRORIST organization - Unused border wall hardware caught on shocking drone video - Target retailer partners with actual SATANISTS to push LGBTQ+ gear for children - Medical school professor claims gender transitions can start "before birth" - They want to mutilate the newborns! - Full interview with Karen Kingston - She calls for all vaccine bioweapons to be SEIZED by law enforcement - Those who deployed the bioweapons should be indicted and PROSECUTED For more updates, visit: http://www.brighteon.com/channel/hrreport NaturalNews videos would not be possible without you, as always we remain passionately dedicated to our mission of educating people all over the world on the subject of natural healing remedies and personal liberty (food freedom, medical freedom, the freedom of speech, etc.). Together, we're helping create a better world, with more honest food labeling, reduced chemical contamination, the avoidance of toxic heavy metals and vastly increased scientific transparency. ▶️ Every dollar you spend at the Health Ranger Store goes toward helping us achieve important science and content goals for humanity: https://www.healthrangerstore.com/ ▶️ Sign Up For Our Newsletter: https://www.naturalnews.com/Readerregistration.html ▶️ Brighteon: https://www.brighteon.com/channels/hrreport ▶️ Join Our Social Network: https://brighteon.social/@HealthRanger ▶️ Check In Stock Products at: https://PrepWithMike.com

IN THIS ESPISODE, YOU'LL LEARN:01:54 - Understanding the US Debt Ceiling? 02:34 - History of debt ceiling changes?03:19 - What happens if the debt ceiling isn't raised? 05:27 - Where is the US National Debt at right now? 06:20 - What will be the result of the debt ceiling negotiations?  Kevin described the upcoming debt ceiling deadline on June 1st & the impacts of how it affects the economy. He went over the history of the changes with previous debt ceilings, as well as the ramifications of the debt ceiling not being raised. This episode details the importance of why Americans should be aware of the debt ceiling and how it can impact citizens when it comes to social security, pension payments, & Medicare. Sponsors:Buzzsprout, podcast hosting site:https://www.buzzsprout.com/?referrer_id=1305358Show email & contact info:Email: insightfulprinciples@gmail.comLinkTree: https://linktr.ee/insightfulprinciplesSocial Media:Instagram & Tik Tok: @insightfulprinciplesTwitter: @insightprinplesLinkedIn: Kevin JenkinsResources around Debt Ceiling:Debt Limit | U.S. Department of the TreasuryWhen Is the Debt Ceiling Deadline and What Happens if the Limit Isn't Raised? - WSJU.S. National Debt Clock : Real Time (usdebtclock.org)#us #debt #ceiling 

It's December 15th. You're listening to the President's Daily Brief. Your morning intel starts now. ------ A good day to you, ladies and gentlemen. I've got five briefs for you this morning that are shaping America — and the world. And for today's podcast, grab those maps because we're circling the globe. First, we start in Africa, or at least with the 50+ African leaders gathered at the White House. Second, we're then off to Japan where that otherwise pacifist country is building up its military for a future fight against China and North Korea. Third, we then jump across the Pacific Ocean to Peru. An update this morning on the President who was thrown out of office last week. Protests are erupting across the country. Fourth, we then land in the United Kingdom where the Prime Minister there is saying no more illegal immigrants. His party is calling it an invasion. Sounds familiar. Finally, after our trip, we come home to America, where Joe Biden has announced billions in aid to make our farms more climate friendly. Later, we close out the podcast with an observation I had on the US National Debt. We got new numbers for November — and there's a warning sign we need to talk about.  ------ Please remember to subscribe if you enjoyed this episode of the President's Daily Brief. Email: PDB@TheFirstTV.com Learn more about your ad choices. Visit megaphone.fm/adchoices

It's December 14th. You're listening to the President's Daily Brief. Your morning intel starts now. ------ A good day to you, ladies and gentlemen. I've got five briefs for you this morning that are shaping America — and the world. And for today's podcast, grab those maps because we're circling the globe. First, we start in Africa, or at least with the 50+ African leaders gathered at the White House. Second, we're then off to Japan where that otherwise pacifist country is building up its military for a future fight against China and North Korea. Third, we then jump across the Pacific Ocean to Peru. An update this morning on the President who was thrown out of office last week. Protests are erupting across the country. Fourth, we then land in the United Kingdom where the Prime Minister there is saying no more illegal immigrants. His party is calling it an invasion. Sounds familiar. Finally, after our trip, we come home to America, where Joe Biden has announced billions in aid to make our farms more climate friendly. Later, we close out the podcast with an observation I had on the US National Debt. We got new numbers for November — and there's a warning sign we need to talk about.  ------ Please remember to subscribe if you enjoyed this episode of the President's Daily Brief. Email: PDB@TheFirstTV.com Learn more about your ad choices. Visit megaphone.fm/adchoices

6am hour -- Kirby Wilbur in for John Carlson: the Puyallup couple now charged with crimes connected to Jan. 6th mob attack at US Capitol (2021), the Seattle Times reporting on the Puyallup couple's charges falsely infers that 5 people died on Jan. 6th ergo another example of a false narrative in news media, new real estate related poll says 1-in-4 Americans want to move and the list of big American cities they want to move from is exactly what you think it is, BREAKING: death of MSU football coach Mike Leach is confirmed by the school, mourning the life and times of one of the more unique people in all of college sports, Oregon's M114 requiring permits to own a gun "will eventually be stricken down" on Constitutional grounds, why the Oregon law is "political theater" and the lawsuits against it have been swift and effective, "feel good solution , but not based in reality which so much of the left (gun control) is", Kirby's suggestions for reducing gun violence and shootings in America, 7am hour -- Kirby Wilbur in for John Carlson: the $1 million bail requirement for a Seattle high school student charged with threatening to shoot up Skyline HS in Issaquah, a stunning use of 'restorative justice circle' involving a Bellingham (Squalicum) high school student who accused a male classmate of multiple sexual assaults, why three high school administrators should be in big trouble for how this series of sexual assault accusations was handled, when a 'restorative justice circle' might be appropriate for school students, sharing more memories and unique moments involving NCAA football coach Mike Leach, Happy 386th Birthday to the National Guard today the oldest military division in the United States, the arrest of FTX crypto exchange CEO Sam Bankman-Fried after he said last week he didn't think he'd be arrested, what Bankman-Fried was planning to testify to Congress this week, why Bankman-Fried should be facing a "long time in jail", the "rebellion" over Mariah Carey's iconic Christmas song "All I Want For Christmas Is You", petitions are popping up on Change.org asking the FCC to ban the song from radio. 8am hour -- Kirby Wilbur in for John Carlson: GUEST: Seattle firefighter with 30 years of service, Mike Todd, reports he's about to be fired right before Christmas due to vaccine mandate still in place, Todd received a religious exemption but no accommodation, calls it a "Christian purging" of civil servants, a Seattle progressive venture capitalist is leading the charge now to boycott Tesla after Elon Musk's takeover of Twitter, two reasons Feds may have arrested FTX disgraced CEO Sam Bankman-Fried before he was scheduled to testify to Congress tomorrow, the Federal prosecution would probably prefer Bankman-Fried testify to Congress to bolster their case so why did this arrest happen first?, some important reminders about this morning's November inflation report and the context of the number(s) released, why grocery store prices are more significant than the over CPI, staggering context to the US National Debt right now, what happens this Friday if Congress doesn't approve another spending deal.

This particular podcast will mention my family, extended family, and friends. NOTE: I'm NOT bashing them for what they believe or want to believe. They have their own perspectives.Topics:Donald Trump Weighs In On Nancy Pelosi's Husband Getting Violently Attacked At Home: 'A Terrible Thing'OK Magazine https://www.msn.com/en-us/news/politics/donald-trump-weighs-in-on-nancy-pelosi-s-husband-getting-violently-attacked-at-home-a-terrible-thing/ar-AA13BsKH?ocid=msedgntp&cvid=f7524f349e8d41f4af588256975acf4cMarjorie Taylor Greene rages at media for not buying the bizarre "Pelosi gay lover" storyLGBTQNationhttps://www.msn.com/en-us/news/politics/marjorie-taylor-greene-rages-at-media-for-not-buying-the-bizarre-pelosi-gay-lover-story/ar-AA13A1ex?ocid=msedgntp&cvid=f7524f349e8d41f4af588256975acf4cNancy Pelosi's Son Provides Grim New Details About His Dad's RecoveryDMhttps://www.msn.com/en-us/news/us/nancy-pelosi-s-son-provides-grim-new-details-about-his-dad-s-recovery/ar-AA13AVS5?ocid=msedgntp&cvid=f7524f349e8d41f4af588256975acf4cNational Debt has increased more under Obama than under Bushhttps://www.cbsnews.com/news/national-debt-has-increased-more-under-obama-than-under-bush/US National Debt by Year – Statistics & Factshttps://balancingeverything.com/us-national-debt-by-year/#:~:text=The%20growing%20national%20debt%20of%20the%20US%20has,%2410%20trillion%20and%20has%20more%20than%20doubled%20since.US Debt ClockHTTP://www.usdebtclock.orgWebsite:HTTP://newwestradioproductions.weebly.comEmail:newwestradioproductions@outlook.comPatreon Support:HTTP://www.patreon.com/newwestradioproductions

CEO Chris Boyd, CFP®, IAR Jeff Perry, JD, and CIO Brian Regan, CFA®, talk about Chris's trip to Portugal and segue into European economic challenges and how they affect the US economy. In the context of a tough winter, Brian mentions the difference between natural gas, oil, and petroleum, and talks about US trade partnership and inflation. Brian speaks on volatility and mentions treasury and stock selloffs in a “liquidity event.” They put perspective behind portfolio management, mentioning long-term investors buying on sale. The Team gets into the national debt and talks about the potential ramifications of a high national debt. When is the tipping point? They discuss the issue of lenders confidence. Brian uncovers some misconceptions of US debt and expresses necessary times when countries should run a deficit.

Topics:Who Owns the US National Debt?https://www.thebalancemoney.com/who-owns-the-u-s-national-debt-3306124From 2020:The Federal Reserve now owns Walmart's debt – here's why it mattershttps://www.local3news.com/the-federal-reserve-now-owns-walmarts-debt-heres-why-it-matters/article_2ffe2167-7178-5c46-a32f-cdafc113ff74.htmlFrom 2020:Fed bought debt from Walmart, McDonald's, Berkshire Hathaway and Microsoft as part of coronavirus responsehttps://www.foxbusiness.com/economy/fed-bought-debt-from-walmart-mcdonalds-berkshire-hathaway-and-microsoft-as-part-of-coronavirus-responseWebsite:http://newwestradioproductions.weebly.comEmail:newwestradioproductions@outlook.com

Katrina Mouery, Co-Executive Director, Greater Susquehanna Valley YMCA Sunbury Branch, with an update on the mission and work of the GSVYMCAs, their many in-person and online offerings now, and the ‘State of the Sunbury Y' during the latest pandemic surge and how they are providing a critically important service to families. We'll discuss the annual coat drive; they are looking for coats now, we'll chat about why this endeavor is so import, who's involved and how you and can least become a coat donor

Jeff Mann, Professor of Religious Studies, Program Director of GO Philippines, Department Head of Religious Studies, Susquehanna University, and Chris Markle, Senior Advancement Officer, on their annual  Alice Pope Shade Lecture this Thursday with JC Watts Jr, the former Republican US Congressman, minister, retired NFL player and past president and CEO of Feed the Children, on ‘Leading By Faith – From the Sidelines to the Aisles of Congress.'  He'll talk about the blending of religion, current affairs, the biggest societal, global and governmental issues of our time…and the faithful response to these topics.

About the Episode:  In this episode, we're sharing tips on how to improve your credit score. In our Current Events segment, we're giving an update on the US National Debt and how you can tell if your state is in the positive or negative.  Our success story comes from Amber, who recently called to let us know she's debt-free!!! Woohoo!!! Resources: FULLY FUNDED LIFEIWBNIN LadderUS Debt ClockCredit SesameCredit KarmaAnnual Credit Report Related Monday Money Tip Podcast Episodes: Episode 113: How to (Re)Build Your CreditEpisode 126: How Bad Credit Impacts Your Wallet Episode 159: Identifying Money WoundsEpisode 160: Healing Money Wounds Email info@iwbnin.com to ask questions or share success stories.

This podcast is brought to you by Shell Shock CBD. When only fans is messing with your emotions as well as your income and you need to relax Shell Shock CBD has you covered. Try our 25mg Delta8 H.A.L.O gummies and discover true happiness. On This Episode: *After Careful consideration Only fans has rescinded the "no porn" policy. *CNN confusing everyone with seemingly unbias reporting? *US National Debt hit's 29 Trillion after US house tries to push through 3.5 Trillion bloated budget.

This episode is also available as a blog post: http://confoundedinterest.net/2021/04/20/dogecoin-at-50-billion-makes-it-bigger-than-ford-and-kraft-here-comes-the-pain-28-trillion-us-national-debt-162-7-trillion-in-unfunded-federal-liabilities/

Congressman David Schweikert admits he’s ‘geeks out’ over numbers, including the biggest number of them all…the United States National Debt. As a nation, we owe over $28 TRILLION. How will this impact your future? How will it impact your kids future? Congressman Schweikert breaks it down for us. And it’s not as bad as you […]

How have recent stimulus bills and other trends impacted the national debt, and what doe that mean for the economy? Catch our newest TrendsTalk episode with ITR Analyst and Speaker Taylor St. Germain to learn more.

Show Description: Jason and Alex start off the show addressing a question that has been asked by more than one private client over the past couple of weeks. Given the US National Debt equal to 28.2 Trillion and the Federal Deficit at $4.5 Trillion and tack on all the recent stimulus money and Federal spending, what will be the effects on the market in the next 12 to 18 months? The topic for today’s show is based on the Federal debt, government spending and the effects it will have on the markets. Alex shares his perspective on stimulus money and the concept that stimulus money will make its way back into the market through the purchasing of goods and services. Jason interjects with adding that the real question is when does this artificial stimulus approach end? When will the country get back to making the economy work for itself? Alex reminds Jason that pre pandemic the economy was healthy, maybe the best economy we have ever experienced. Jason adds that the unemployment rates were the lowest across all ethnicities pre pandemic. After the first commercial break Jason and Alex respond to the question with optimism and more detail, stating that the public typically does not care about the current US National Debt, more interested in how much are they able to buy and spend. So, stimulus money will be positive in the short term. However, at some point taxes will have to increase. Jason and Alex spend some time discussing taxes and who pays for what currently and the effects it is having on further dividing our country. Will the current tax structure work to reduce the deficit?  Jason brings up the question where is the government getting money? Besides printing money and with interest rates at all-time lows will servicing the existing debt become an issue. Alex adds that if the government becomes crippled by debt service it will hurt us in other ways. Things that we rely on the government to maintain like infrastructures, national defense, and education.  If the government can borrow money at an incredibly low rate of 1.7% for 10 years, should they borrow a bunch of money and invest it ways to grow a higher rate of return. Alex responds that yes; with the first part of stimulus money, it is a bet on the people. A bet that the people will spend, and companies will invest, increasing the GDP growth. Jason brings to the conversation that free money tends to create laziness amongst many, further debilitating strong work ethic within the U.S.Jason and Alex close the question and show with a strong Intelligence Driven Advisers belief that trying to predict or time the market does not work. Creating a globally diversified investment portfolio that is designed to weather changes within the economy and other unknown events is the best solution to continued success with capital market investing.  In this show you will learn about:- Government Spending- Interest Rates- Investment Diversification

Show Description: Jason and Alex start off the show addressing a question that has been asked by more than one private client over the past couple of weeks. Given the US National Debt equal to 28.2 Trillion and the Federal Deficit at $4.5 Trillion and tack on all the recent stimulus money and Federal spending, what will be the effects on the market in the next 12 to 18 months? The topic for today’s show is based on the Federal debt, government spending and the effects it will have on the markets. Alex shares his perspective on stimulus money and the concept that stimulus money will make its way back into the market through the purchasing of goods and services. Jason interjects with adding that the real question is when does this artificial stimulus approach end? When will the country get back to making the economy work for itself? Alex reminds Jason that pre pandemic the economy was healthy, maybe the best economy we have ever experienced. Jason adds that the unemployment rates were the lowest across all ethnicities pre pandemic. After the first commercial break Jason and Alex respond to the question with optimism and more detail, stating that the public typically does not care about the current US National Debt, more interested in how much are they able to buy and spend. So, stimulus money will be positive in the short term. However, at some point taxes will have to increase. Jason and Alex spend some time discussing taxes and who pays for what currently and the effects it is having on further dividing our country. Will the current tax structure work to reduce the deficit?  Jason brings up the question where is the government getting money? Besides printing money and with interest rates at all-time lows will servicing the existing debt become an issue. Alex adds that if the government becomes crippled by debt service it will hurt us in other ways. Things that we rely on the government to maintain like infrastructures, national defense, and education.  If the government can borrow money at an incredibly low rate of 1.7% for 10 years, should they borrow a bunch of money and invest it ways to grow a higher rate of return. Alex responds that yes; with the first part of stimulus money, it is a bet on the people. A bet that the people will spend, and companies will invest, increasing the GDP growth. Jason brings to the conversation that free money tends to create laziness amongst many, further debilitating strong work ethic within the U.S.Jason and Alex close the question and show with a strong Intelligence Driven Advisers belief that trying to predict or time the market does not work. Creating a globally diversified investment portfolio that is designed to weather changes within the economy and other unknown events is the best solution to continued success with capital market investing.  In this show you will learn about:- Government Spending- Interest Rates- Investment Diversification

The US National Debt could possibly be the biggest threat to our way of life. What is "the debt" and how might it affect us? Check out the 3rd episode of Barely Paying Attention! A political show for those of us who are barely paying attention. Episode 3 of Barely Paying Attention | The Debt For more, please visit the following links: INSTAGRAM www.instagram.com/barelypayingattention FACEBOOK www.facebook.com/barelypayingattention TWITTER www.twitter.com/barelypayinattn www.barelypayingattention.com

It’s a gut-wrenching statistic. The U.S. National Debt sits at nearly $28 trillion, and that's BEFORE the Senate passes President Biden's $1.9 trillion stimulus bill. Wondering how much you owe? Every single American owes $84K dollars, and that includes the babies. In this combined segment we'll speak with BYU Economic Chair Mark Showaltor, and then we'll hear listener calls on the issue. See omnystudio.com/listener for privacy information.

#nationaldebt #financialcrisisSubscribe here https://www.youtube.com/channel/UC5U0invXUtqoyrAnniwDjhQ/?sub_confirmation=1 Back for another episode, Professor Joe Calhoun joins us to provide perspective on the every growing US National Debt. We take a historic look at the annual debt and surplus since the early 1900's. As a % of debt to GDP, only in wary years has the % exceeded 10% ... until 2020 with the COVID-19 virus and economic shut-down. What a year 2020 has been. And, in 55 years, the US has incurred deficit spending in 51 of those years, thus only 4 years of surplus. Normally, this spells disaster. Will it lead to a financial crisis for the US?Take a look and listen for the Professor's perspective and get his take on what he would do if he were in charge.Be sure to subscribe to our YouTube channel and Hit the Notification Bell https://www.youtube.com/channel/UC5U0invXUtqoyrAnniwDjhQ/?sub_confirmation=1 Check us out at https://answersthatcount.com/ .We have articles of current, relevant information about business and economics.For Apple Podcast, link here https://podcasts.apple.com/us/podcast/answers-that-count-hosted-by-charles-musgrove/id1479296350 Rokuhttps://channelstore.roku.com/details/a4b08b575428a5aac2c924402bbc675f/answers-that-count Amazon Fire TVhttps://www.amazon.com/gp/product/?ie=UTF8&ASIN=B08DP6ZSTM&ref=mas_ty 24-7 Live Channelhttps://30a-tv.com/30a/answers-that-count-with-charles-musgrove/ Link to and Like our Facebook page at https://www.facebook.com/answersthatcount. Please leave comments below, or send me requests or questions at cmusgrove@answersthatcount.com

This week's episode guest is Professor Hal Heaton, a finance professor at BYU. In this episode, we discuss the current state of the US fiscal health from entitlements, taxes and the US National Debt. We discuss the incoming Biden administration and the current runoff Senate elections in Georgia. We also dive into inequality and different proposals, such as Andrew Yang's Universal Basic Income and Elizabeth Warren's Student Debt Forgiveness plan, that look to lessen inequality. 

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There is a lot of fear surrounding America’s national debt because it is so high, however that isn’t really the full picture. We have a country like no other when it comes to managing our massive debt and this episode explains exactly why that’s the case.

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Today we're going to have a foundational episode, laying the framework for further episodes on digital piracy, venture capital, accelerators, Bitcoin, PayPal, Square, and others. I'll try to keep from dense macro and micro economics but instead just lay out some important times from antiquity to the modern financial system so we can not repeat all this in those episodes. I apologize to professionals in these fields whose life work I am about to butcher in oversimplification.  Like a lot of nerds who found myself sitting behind a keyboard writing code, I read a lot of science fiction growing up. There are dystopian and utopian outlooks on what the future holds for humanity give us a peak into what progress is. Dystopian interpretations tell of what amount to warlords and a fragmentation of humanity back to what things were like thousands of years ago. The utopian interpretations often revolve around questions about how society will react to social justice, or a market in equilibrium. The dystopian science fiction represents the past of economics and currency. And the move to online finances and digital currency tracks against what science fiction told us was coming in a future more utopian world. My own mental model of economics began with classes on micro and macro economics in college but evolved when I was living in Verona, Italy. We visited several places built by a family called the Medici's. I'd had bank accounts up until then but that's the first time I realized how powerful banking and finance as an institution was. Tombs, villas, palaces. The Medici built lasting edifices to the power of their clan. They didn't invent money, but they made enough to be on par with the richest modern families.  It's easy to imagine humans from the times of hunter-gatherers trading an arrowhead for a chunk of meat. As humanity moved to agriculture and farming, we began to use grain and cattle as currency. By 8000 BC people began using tokens for trade in the Middle East. And metal objects came to be traded as money around 5,000 BC. And around 3,000 PC we started to document trade. Where there's money and trade, there will be abuse. By 1,700 BC early Mesopotamian even issued early regulations for the banking industry in the Code of Hammurabi. By then private institutions were springing up to handle credit, deposits, interest, and loans. Some of which was handled on clay tablets.  And that term private is important. These banking institutions were private endeavors. As the Egyptian empire rose, farmers could store grain in warehouses and then during the Ptolemeic era began to trade the receipts of those deposits. We can still think of these as tokens and barter items though. Banking had begun around 2000 BC in Assyria and Sumeria but these were private institutions effectively setting their own splintered and sometimes international markets. Gold was being used but it had to be measured and weighed each time a transaction was made.  Until the Lydian Stater. Lydia was an empire that began in 1200 BC and was conquered by the Persians around 546 BC. It covered the modern Western Anatolia, Salihli, Manisa, and Turkey before the Persians took it. One of their most important contributions to the modern world was the first state sponsored coinage, in 700BC. The coins were electrum, which is a mix of gold and silver.  And here's the most important part. The standard weight was guaranteed by an official stamp. The Lydian king Croesus then added the concept of bimetallic coinage. Or having one coin made of gold and the other of silver. Each had a different denomination where the lower denomination was one dozen of the higher. They then figured out a way to keep counterfeit coins off the market with a Lydian stone, the color of which could be compared to other marks made by gold coins. And thus modern coinage was born. And the Lydian merchants became the merchants that helped move goods between Greece and Asia, spreading the concept of the coin. Cyrus the second defeated the Lydians and Darius the Great would issue the gold daric, with a warrior king wielding a bow. And so heads of state adorned coins.  As with most things in antiquity, there are claims that China or India introduced coins first. Bronzed shells have been discovered in the ruins of Yin, the old capital of the Shang dynasty dating back hundreds of years before the Lydians. But if we go there this episode will be 8 hours long.  Exodus 22:25-27 “If you lend money to my people—to any poor person among you—never act like a moneylender. Charge no interest.” Let's put that bible verse in context. So we have coins and banks. And international trade. It's mostly based on the weight of the coins. Commerce rises and over the centuries banks got so big they couldn't be allowed to fail without crashing the economy of an empire. Julius Caeser expands the empire of Rome and gold flows in from conquered lands. One thing that seems constant through history is that interest rates from legitimate lenders tend to range from 3 to 14 percent. Anything less and you are losing money. Anything more and you've penalized the borrower to the point they can't repay the loan. The more scarce capital the more you have to charge. Like the US in the 80s. So old Julius meets an untimely fate, there are wars, and Augustus manages to solidify the empire and Augustus reformed taxes and introduced a lot of new services to the state, building roads, establishing a standing army, the Praetorian Guard, official fire fighting and police and established a lot of the old Roman road systems through the empire that Rome is now known so well for. It was an over 40 year reign and one of the greatest in history. But greatness is expensive.  Tiberius had to bail out banks and companies in the year 33. Moneylending sucks when too many people can't pay you back. Augustus had solidified the Roman Empire and by the time Tiberius came around Rome was a rich import destination. Money was being leant abroad and interest rates and so there was less and less gold in the city. Interest rates had plummeted to 4 percent. Again, we're in a time when money is based on the weight of a coin and there simply weren't enough coins in circulation due to the reach of the empire. And so for all my Libertarian friends - empires learned the hard way that business and commerce are essential services and must be regulated. If money cannot be borrowed then crime explodes. People cannot be left to starve. Especially when we don't all live on land that can produce food any more.  Any time the common people are left behind, there is a revolt. The more the disparity the greater the revolt. The early Christians were heavily impacted by the money lending practices in that era between Julius Caeser and Tiberius and the Bible as an economic textbook is littered with references to usury, showing the blame placed on emerging financial markets for the plight of the commoner. Progress often involves two steps forward and one back to let all of the people in a culture reap the rewards of innovations.   The Roman Empire continued on gloriously for a long, long time. Over time, Rome fell. Other empires came and went. As they did, they minted coins to prove how important the ruling faction was. It's easy to imagine a farmer in the dark ages following the collapse of the Roman Empire dying and leaving half of the farm to each of two children. Effectively each owns one share. That stock can then be used as debt and during the rise of the French empire, 12th century courretiers de change found they could regulate debts as brokers. The practice grew.  Bankers work with money all day. They get crafty and think of new ways to generate income. The Venetians were trading government securities and in 1351 outlawed spreading rumors to lower the prices of those - and thus market manipulation was born. By 1409 Flemish traders began to broker the trading of debts in Bruges at an actual market. Italian companies began issuing shares and joint stock companies were born allowing for colonization of the American extensions to European powers. That colonization increased the gold supply in Europe five fold, resulting in the first great gold rush.  European markets, flush with cash and speculation and investments, grew and by 1611 in Amsterdam the stock market was born. The Dutch East India Company sold shares to the public and brought us options, bonds and derivatives. Dutch perpetual bonds were introduced and one issued in 1629 is still paying dividends. So we got the bond market for raising capital.  Over the centuries leading to the industrial revolution, banking, finance, and markets became the means with which capitalism and private property replaced totalitarian regimes, the power of monarchs, and the centralized control of production. As the markets rose, modern economics were born, with Adam Smith codifying much of the known works at that point, including those from French physiocrats. The gold standard began around 1696 and gained in popularity. The concept was to allow paper money to be freely convertible into a pre-defined amount of gold. Therefore, paper money could replace gold and still be backed by gold just as it was in antiquity. By 1789 we were running a bit low on gold so introduced the bimetallic standard where silver was worth one fifteenth of gold and a predefined market ratio was set.   Great thinking in economics goes back to antiquity but since the time of Tiberius, rulers had imposed regulation. This had been in taxes to pay for public goods and bailing out businesses that had to get bailed out - and tariffs to control the movement of goods in and out of a country. To put it simply, if too much gold left the country, interest rates would shoot up, inflation would devalue the ability to buy goods and as people specialized in industries, those who didn't produce food, like the blacksmiths or cobblers, wouldn't be able to buy food. And when people can't buy food, bad things happen.  Adam Smith believed in self-regulation though, which he codified in his seminal work Wealth of Nations, in 1776. He believed that what he called the “invisible hand” of the market would create economic stability, which would lead to prosperity for everyone. And that became the framework for modern capitalistic endeavors for centuries to come. But not everyone agreed. Economics was growing and there were other great thinkers as well.  Again, things fall apart when people can't get access to food and so Thomas Malthus responded with a theory that the rapidly growing populations of the world would outgrow the ability to feed all those humans. Where Smith had focused on the demand for goods, Malthus focused on scarcity of supply. Which led to another economist, Karl Marx, to see the means of production as key to providing the Maslovian hierarchy. He saw capitalism as unstable and believed the creation of an owner (or stock trader) class and a working class was contrary to finding balance in society. He accurately predicted the growing power of business and how that power would control and so hurt the worker at the benefit of the business. We got marginalize, general equilibrium theory, and over time we could actually test theories and the concepts that began with Smith became a science, economics, with that branch known as neoclassical. Lots of other fun things happen in the world. Bankers begin instigating innovation and progress. Booms or bull markets come, markets over index and/or supplies become scarce and recessions or bear markets ensue. Such is the cycle. To ease the burdens of an increasingly complicated financial world, England officially adopted the gold standard in 1821 which led to the emergence of the international gold standard, adopted by Germany in 1871 and by 1900, most of the world. Gaining in power and influence, the nations of the world stockpiled gold up until World War I in 1914. The international political upheaval led to a loss of faith in the gold standard and the global gold supply began to fall behind the growth in the global economy.  JP Morgan dominated Wall Street in what we now called the Gilded age. He made money by reorganizing and consolidating railroad businesses throughout America. He wasn't just the banker, he was the one helping become more efficient, digging into how the businesses worked and reorganizing and merging corporate structures. He then financed Edison's research and instigated the creation of General Electric. He lost money investing on a Tesla project when Tesla wanted to go wireless. He bought Carnegie Steel in 1901, the first modern buyout that gave us US Steel. The industrialists from the turn of the century increased productivity at a rate humanity had never seen. We had the biggest boom market humanity had ever seen and then when the productivity gains slowed and the profits and earnings masked the slowdown in output a bubble of sorts formed and the market crashed in 1929.  These markets are about returns on investments. Those require productivity gains as they are usually based margin, or the ability to sell more goods without increasing the cost - thus the need for productivity gains. That crash in 1929 sent panic through Wall Street and wiped out investors around the world. Consumer confidence, and so spending and investment was destroyed. With a sharp reduction needed in supply, industrial output faltered and workers were laid off, creating a vicious cycle.  The crash also signaled the end of the gold standard. The pound and franc were mismanaged, commodity prices, new power Germany was having trouble repaying war debts, commodity prices collapsed, and thinking a reserve of gold would keep them legitimate, countries raised interest rates, further damaging the global economy. High interest rates reduce investment. England finally suspended the gold standard in 1931 which sparked  other countries to do the same, with the US raising the number of dollars per ounce of gold from $20 to $35 and so obtaining enough gold to back the US dollar as the de facto standard.  Meanwhile, science was laying the framework for the next huge boom - which would be greater in magnitude, margins, and profits. Enter John Maynard Keynes and Keynesian economics, the rise of macroeconomics. In a departure from neoclassical economics he believed that the world economy had grown to the point that aggregate supply and demand would not find equilibrium without government intervention. In short, the invisible hand would need to be a visible hand by the government. By then, the Bolsheviks had established the Soviet Union and Mao had founded the communist party in China. The idea that there had been a purely capitalist society since the time the Egyptian government built grain silos or since Tiberius had rescued the Roman economy with bailouts was a fallacy. The US and other governments began spending, and incurring debt to do so, and we began to dig the world out of a depression. But it took another world war to get there. And that war did more than just end the Great Depression. World War II was one of the greatest rebalancing of powers the world has known - arguably even greater than the fall of the Roman and Persian empires and the shift between Chinese dynasties. In short, we implemented a global world order of sorts in order to keep another war like that from happening. Globalism works for some and doesn't work well for others. It's easy to look on the global institutions built in that time as problematic. And organizations like the UN and the World Bank should evolve so they do more to lift all people up, so not as many around the world feel left behind.  The systems of governance changed world economics.The Bretton Woods Agreement would set the framework for global currency markets until 1971. Here, all currencies were valued in relation to the US dollar which based on that crazy rebalancing move now sat on 75% of the worlds gold. The gold was still backed at a rate of $35 per ounce. And the Keynesian International Monetary Fund would begin managing the balance of payments between nations. Today there are 190 countries in the IMF Just as implementing the gold standard set the framework that allowed the investments that sparked capitalists like JP Morgan, an indirect financial system backed by gold through the dollar allowed for the next wave of investment, innovation, and so productivity gains. This influx of money and investment meant there was capital to put to work and so bankers and financiers working with money all day derived new and witty instruments with which to do so. After World War II, we got the rise of venture capital. These are a number of financial instruments that have evolved so qualified investors can effectively make bets on a product or idea. Derivatives of venture include incubators and accelerators.  The best example of the early venture capital deals would be when Ken Olson and Harlan Anderson raised $70,000 in 1957 to usher in the age of transistorized computing. DEC rose to become the second largest computing company - helping revolutionize knowledge work and introduce a new wave of productivity gains and innovation. They went public in 1968 and the investor made over 500 times the investment, receiving $38 million in stock. More importantly, he stayed friends and a confidant of Olson and invested in over 150 other companies.  The ensuing neoclassical synthesis of economics basically informs us that free markets are mostly good and efficient but if left to just Smith's invisible hand, from time to time they will threaten society as a whole. Rather than the dark ages, we can continue to evolve by keeping markets moving and so large scale revolts at bay. As Aasimov effectively pointed out in Foundation - this preserves human knowledge. And strengthens economies as we can apply math, statistics, and the rising computers to help apply monetary rather than fiscal policy as Friedman would say, to keep the economy in equilibrium.  Periods of innovation like we saw in the computer industry in the post-war era always seem to leave the people the innovation displaces behind. When enough people are displaced we return to tribalism, nationalism, thoughts of fragmentation, and moves back into the direction of dystopian futures. Acknowledging people are left behind and finding remedies is better than revolt and retreating from progress - and showing love to your fellow human is just the right thing to do. Not doing so creates recessions like the ups and downs of the market in the years as gaps between innovative periods formed. The stock market went digital in 1966, allowing more and more trades to be processed every day. Instinet was founded in 1969 allowing brokers to make after hour trades. NASDAQ went online in 1970, removing the floor or trading market that had been around since the 1600s. And as money poured in, ironically gold reserves started to go down a little. Just as the Romans under Tiberius saw money leave the country as investment, US gold was moving to other central banks to help rebuild countries, mostly those allied with NATO, to rebuild their countries. But countries continued to release bank notes to pay to rebuild, creating a period of hyperinflation. As with other times when gold became scarce, interest rates became unpredictable, moving from 3 to 17 percent and back again until they began to steadily decline in 1980.  Gold would be removed from the London market in 1968 and other countries began to cash out their US dollars for gold. Belgium, the Netherlands, then Britain cashed in their dollars for gold, and much as had happened under the reign of Tiberius, there wasn't enough to sustain the financial empires created. This was the turning point for the end of the informal links back to the gold standard. By 1971 Nixon was forced to sever the relationship between the dollar and gold and the US dollar, by then the global standard going back to the Bretton Woods Agreement, became what's known as fiat money. The Bretton Woods agreement was officially over and the new world order was morphing into something else. Something that was less easily explainable to common people. A system where the value of currency was based not on the link to gold but based on the perception of a country, as stocks were about to move from an era of performance and productivity to something more speculative. Throughout the 80s more and more orders were processed electronically and by 1996 we were processing online orders. The 2000s saw algorithmic and high frequency trading. By 2001 we could trade in pennies and the rise of machine learning created billionaire hedge fund managers. Although earlier versions were probably more just about speed. Like if EPS is greater than Expected EPS and guidance EPS is greater than EPS then buy real fast, analyze the curve and sell when it tops out. Good for them for making all the moneys but while each company is required to be transparent about their financials, the high frequency trading has gone from rewarding companies with high earnings to seeming like more a social science where the rising and falling was based on confidence about an industry and the management team. It became harder and harder to explain how financial markets work. Again, bankers work with money all day and come up with all sorts of financial instruments to invest in with their time. The quantity and types of these became harder to explain. Junk bonds, penny stocks, and to an outsider strange derivatives. And so moving to digital trading is only one of the ways the global economy no longer makes sense to many.  Gold and other precious metals can't be produced at a rate faster than humans are produced. And so they had to give way to other forms of money and currency, which diluted the relationship between people and a finite, easy to understand, market of goods.  As we moved to a digital world there were thinkers that saw the future of currency as flowing electronically. Russian cyberneticist Kitov theorized electronic payments and then came ATMs back in the 50s, which the rise of digital devices paved the way to finally manifest themselves over the ensuing decades. Credit cards moved the credit market into more micro-transactional, creating industries where shop-keepers had once kept debits in a more distributed ledger. As the links between financial systems increased and innovators saw the rise of the Internet on the way, more and more devices got linked up. This combined with the libertarianism shown by many in the next wave of Internet pioneers led people to think of ways for a new digital currency. David Chaum thought up ecash in 1983, to use encrypted keys, much as PGP did for messages, to establish a digital currency. In 1998, Nick Szabo came up with the idea for what he called bitgold, a digital currency based on cryptographic puzzles and the solved puzzles would be sent to a public registry using a public key where the party who solved the puzzle would receive a private key. This was kinda' like using a mark on a Lydian rock to make sure coins were gold. He didn't implement the system but had the initial concept that it would work similar to the gold standard - just without a central authority, like the World Bank.  This was all happening concurrently with the rise of ubiquitous computing, the move away from checking to debit and credit cards, and the continued mirage that clouded what was really happening in the global financial system. There was a rise in online e-commerce with various sites emerging to buy products in a given industry online. Speculation increased creating a bubble around Internet companies. That dot com bubble burst in 2001 and markets briefly retreated from the tech sector.  Another bull market was born around the rise of Google, Netflix, and others. Productivity gains were up and a lot of money was being put to work in the market, creating another bubble. Markets are cyclical and need to be reigned back in from time to time. That's not to minimize the potentially devastating impacts to real humans. The Global Financial Crisis of 2008 came along for a number of reasons, mostly tied to the bursting of a housing bubble to oversimplify the matter. The lack of liquidity with banks caused a crash and the lack of regulation caused many to think through the nature of currency and money in an increasingly globalized and digital world. After all, if the governments of the world couldn't protect the citizenry of the world from seemingly unscrupulous markets then why not have completely deregulated markets where the invisible hand does so? Which brings us to the rise of cryptocurrencies. Who is John Galt? Bitcoin was invented by Satoshi Nakamoto, who created the first blockchain database and brought the world into peer-to-peer currency in 2009 when bitcoin .1 was released. Satoshi mined block 0 of bitcoin for 50 bitcoins. Over the next year Satoshi mined a potential of about a million bitcoins. Back then a bitcoin was worth less than a penny. As bitcoin grew and the number of bitcoins mined into the blockchain increased, the scarcity increased and the value skyrocketed reaching over $15 billion as of this writing. Who is Satoshi Nakamoto? No one knows - the name is a pseudonym. Other cryptocurrencies have risen such as Etherium. And the market has largely been allowed to evolve on its own, with regulators and traditional financiers seeing it as a fad. Is it? Only time will tell.  There is about an estimated 200,000 tonnes of gold in the world worth about 93 trillion dollars if so much of it weren't stuck in necklaces and teeth buried in the ground. The US sits on the largest stockpile of it today, at 8,000 tonnes worth about a third of a trillion dollars, then Germany, Italy, and France. By contrast there are 18,000,000 bitcoins with a value of about $270 billion, a little less than the US supply of gold. By contrast the global stock market is valued at over $85 trillion. The global financial markets are vast. They include the currencies of the world and the money markets that trade those. Commodity markets, real estate, the international bond and equity markets, and derivative markets which include contracts, options, and credit swaps. This becomes difficult to conceptualize because as one small example in the world financial markets, over $190 billion is traded on stock markets a day.  Seemingly, rather than running on gold reserves, markets are increasingly driven by how well they put debt to work. National debts are an example of that. The US National Debt currently stands at over $27 trillion dollars. Much is held by our people as bonds, although some countries hold some as security as well, including governments like Japan and China, who hold about the same amount of debt if you include Hong Kong with China. But what does any of that mean? The US GDP sits at about $22.3 trillion dollars. So we owe a little more than we make in a year. Much as many families with mortgages, credit cards, etc might owe about as much as they make. And roughly 10% of our taxes go to pay interest. Just as we pay interest on mortgages.  Most of this is transparent. As an example, government debt is often held in the form of a treasury bond. The treasury.gov website lists who holds what bonds: https://ticdata.treasury.gov/Publish/mfh.txt. Nearly every market discussed here can be traced to a per-transaction basis, with many transactions being a matter of public record. And yet, there is a common misconception that people think the market is controlled by a small number of people. Like a cabal. But as with most perceived conspiracies, the global financial markets are much more complex. There are thousands of actors who think they are acting rationally who are simply speculating. And there are a few who are committing a crime by violating or inorganically manipulating markets, as has been illegal since the Venetians passed their first laws on the matter. Most day traders will eventually lose all of their money. Most market manipulators will eventually go to jail. But there's a lot of grey in between. And that can't entirely be planned for.  At the beginning of this episode I mentioned it was a prelude to a deeper dive into digital piracy, venture capital, Bitcoin, PayPal, Square, and others. Piracy, because it potentially represents the greatest redistribution of wealth since the beginning of time. Baidu and Alibaba have made their way onto public exchanges. ANT group has the potential to be the largest IPO in history. Huawei is supposedly owned by employees. You can also buy stocks in Russian banking, oil, natural gas, and telecom.  Does this mean that the split created when the ideas of Marx became a political movement that resulted in communist regimes is over? No. These have the potential of creating a bubble. One that will then need correcting, maybe even based on intellectual property damage claims. The seemingly capitalistic forays made by socialist or communist countries just go to show that there really isn't and has never been a purely capitalist, socialist, or communist market. Instead, they're spectrums separated by a couple of percentages of tax here and there to pay for various services or goods to the people that each nation holds as important enough to be universal to whatever degree that tax can provide the service or good.  So next time you hear “you don't want to be a socialist country, do you?” Keep in mind that every empire in history has simply been somewhere in a range from a free market to a state-run market. The Egyptians provided silos, the Lydians coined gold, the Romans built roads and bailed out banks, nations adopted gold as currency, then build elaborate frameworks to gain market equilibrium. Along the way markets have been abused and then regulated and then deregulated. The rhetoric used to day though is really a misdirection play handed down by people with ulterior motives. You know, like back in the Venetian times. I immediately think of dystopian futures when I feel I'm being manipulated. That's what charlatans do. That's not quite so necessary in a utopian outlook.

Given the varies stimulus plans in 2020 the national debt has risen to new records. Yet, this political season we’ve heard little to nothing about it. How to understand the national debt, debt to GDP, debt held by the public. Plus, what does the CBO (Congressional Budget Office) say the debt to rise to? Will the interest payments exceed the cost of social security and all of defense before long? • How to see what the US national debt held by the public is • Compare debt held by the public and total debt • How much debt does the Federal Reserve have on its balance sheet? • How much debt does the social security trust fund own? • What is the average interest rate on US treasuries on our national debt? • CBO Congressional Budget Office projections of growth of the US national debt • What is debt to GDP? • Revenues and Expenditures of the United States Government budget • US debt to revenues collected   Mentioned  in  this  Episode:   Broken Pie Chart Book by Derek Moore https://amzn.to/2MibTSk   Interest on national debt annualized https://fred.stlouisfed.org/series/A091RC1Q027SBEA   CBO Congressional Budget Office long term budget outlook https://www.cbo.gov/publication/56516#:~:text=0%205%20Projected-,Debt.,percent%20of%20GDP%20by%202050.   Debt held by public as percentage of GDP https://fred.stlouisfed.org/series/FYGFGDQ188S   Federal Reserve US Treasuries on balance sheet size https://fred.stlouisfed.org/series/TREAST   US Government revenues receipts https://fred.stlouisfed.org/series/FGRECPT

"Shitshow", "disaster", "disgrace" - just some of the words used to describe the first 2020 U.S. Presidential Debate between President Trump and Former Vice President Biden. Despite this, there are some policy issues worthy of discussion. Who's saying what? Who's making credible arguments? And who's full of shit?Please subscribe, leave a 5-star review, and tell your friends about the show. Thank you!***References:‘Amy Coney Barrett: Trump nominates conservative favourite for Supreme Court’, BBC.‘Supreme Court Justices Split Along Unexpected Lines In 3 Cases’, Nina Tontenberg,NPR.‘What Happened With Merrick Garland In 2016 And Why It Matters Now’, Ron Elving, NPR.‘A Long List of GOP Senators Who Promised Not to Confirm a Supreme Court Nominee During an Election Year’, Tim Murphy, Mother Jones.‘Justice Kennedy’s Retirement Will Lead to a More Divided Supreme Court’, Oliver Gladfelter, The Data Face.‘How Trump’s Prescription Drug Executive Orders Reduce Costs For Seniors & Taxpayers’, Avik Roy, Forbes.‘If Trump wins, 20 million people could lose health insurance. If Biden wins, 25 million could gain it.’, Dylan Scott, Vox.‘Closer Look: Trump, Biden Plans on Health Care’, Nick Tate, Web MD.‘President Donald J. Trump Is Implementing His America First Healthcare Agenda’, White House.‘Trump’s Executive Orders on Prescription Drugs’, Lori Robertson, FactCheck.org.‘Opinion: Trump’s executive order on health care is no replacement for Obamacare — here’s why’, Simon F. header, MarketWatch.‘Comparing the Economic Plans of Trump and Biden’, Deborah D’Souza, Investopedia.‘The Real Problem Behind The $26.8 Trillion U.S. National Debt’, Seeking Alpha.United States Government Debt to GDP, Trading Economics.‘US National Debt by Year Compared to GDP and Major Events’, Kimberly Amadeo & Michael J Boyle, The Balance.‘How the Coronavirus Bailout Repeats 2008’s Mistakes: Huge Corporate Payoffs With Little Accountability’, Jesse Eisinger, ProPublica.‘The Anatomy of the $2 Trillion COVID-19 Stimulus Bill’, Nick Routley, Visual Capitalist. ‘How the world’s greatest financial experiment enriched the rich’, Christopher Thompson, NewStatesman.‘The ballooning money supply may be the key to unlocking inflation in the U.S.’, Thomas Franck, CNBC.‘The controversial 1994 crime law that Joe Biden helped write, explained’, German Lopez, Vox.‘Biden vs. Trump: Who’s the Actual Criminal Justice Reformer?, Politico.‘Is Critical Race Theory racist?, Helen Pluckrose, Unherd.‘Proud Boys chairman condemns white supremacists, says Trump’s message of ‘stand by’ wasn’t call to action’, Amy Viteri, Local10.‘The Trump administration already made huge refugee cuts. It’s making more.’, Nicole Narea, Vox.‘Travel Ban Updates: Temporary Ban of Foreign Nationals Traveling From Mainland China Per Novel Coronavirus Outbreak; Additional Countries Added To Travel Ban 3.0’, National Law Review.‘Trump dismantles environmental protections under cover of coronavirus’, Emily Holden, The Guardian.‘What Joe Biden was trying to say about the Green New Deal’, David Roberts, Vox.Joebiden.com‘The year of mail-in voting: Why this year’s U.S. election could take weeks to decide’, Emerald Bensadoun, Global News.‘US election: Do postal ballots lead to voting fraud?’, BBC.‘EAVS DEEP DIVE: EARLY, ABSENTEE AND MAIL VOTING’, White Paper, U.S. Election Assistance Commission.***Music: Julian AngelatosArtwork: Nerpa Mate

Just when you thought the news couldn't get better, well I figured I should tell you about the inevitable financial trouble that the US, and indeed many "modern" economies will be put through, likely in the next 10 years. The US National Debt is going to pass 25 Trillion Personal Debt is 13 Trillion Unfunded liabilities for the US Federal Gov't are 45+ Trillion All of this means a few things: Price inflation will be coming, Asset prices will rise (and fall), and the purchasing power of your Profits will be severely eroded.  Wages will rise, but prices will rise faster.  Your standard of living will have to adjust, or you will need to decouple from some of the expenses that most people make a standard part of their life (more on that next week!) If this is depressing, don't fret, I've got better news and some great strategies coming next week! Boost your business by joining my email list www.salesondemandshow.com/start

  Mark & Matt Discuss the Following on Episode #57: US National Debt to GDP GDP Update Time in the market Record Low Mortgage Rates Market Performance with past Democratic Sweeps Values – Based Budgeting   www.jessupwealthmanagement.com   Twitter Accounts: @JessupWealth   @MarkMcEvily   @matthewcjessup  

Watch the US National Debt go up in real time (with other mind-boggling economic figures): https://www.usdebtclock.org/ Compare the national debt of the 30 biggest debtor nations on the planet: https://usdebtclock.org/world-debt-clock.html [More Links to follow] Please consider becoming a patron to access more in-depth analyses & material focused on financial tools, macroeconomics and financial strength for the individual: https://www.patreon.com/paradiselostfinancial Intro song by my childhood friend whose music project is titled "Maine Experiment": https://soundcloud.com/maineexperiment --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/paradiselostfinancial/support

In today's show, I'm going to be talking about 10 myths that exist regarding the US national debt. Now the general theme for this podcast was derived from a video that was done by Antony Davies of Duquesne University. It was done about two and a half years ago. But be aware that this podcast has been adapted to meet the issues that we're currently facing. Support the show (https://retirementriskadvisors.com)

COVID-19's Economic Holocaust Richard Gale and Gary Null PhD Progressive Radio Network, April 27, 2020   For all the uncertainties the COVID-19 pandemic poses to the world, especially in the US, one thing seems evident.  Our neoliberal capitalist civilization has proven itself to be unprepared for unexpected crises and catastrophes. For decades, the US has been falling behind other developed nations to infuse economic resiliency in society. Not only has the American medical system and federal health agencies been shown to be naked, we are also discovering we cannot rely on epistemological statistics and computer modeling alone to account for our flawed health policies. Aside from the pandemic's toll on people's lives, there is also its impact upon the national economies and the global economy at large that is barely being discussed in any depth. Rather, hopes and wishes are being directed towards life returning to normal.  We are expected to believe that our addiction to unconscionable consumerism will return, employment will rise and the American dream can again be mentally photo-shopped on the horizon. In short, we are persuaded that the comfort of our illusions and denial of harsh realities will return.  However, if a past Nobel laureate of economics, Joseph Stiglitz, is correct, then "if you leave it to Donald Trump and Mitch McConnell we will have a Great Depression." Likewise, former Federal Reserve chair Jenet Yellen has also warned that the 30% GDP decline is leading us towards Depression. In fact, we may already be there. As of today, the federal government has guaranteed $5.2 trillion dollars to keep the economy afloat as a depression worse than 1932 looms overhead. Some economists believe that this massive bailout is insufficient and upwards to $10-15 trillion may be necessary.  In 2008, with one broad stroke the Obama administration rescued Wall Street.  What was believed to be just the TARP bailout of $700 billion was in fact over $4 trillion worth of outlays, including TARP and other FED and Treasury expenditures.  The Levy Institute at Bard College calculated the outlays may have been as high as $29 trillion, a number the Sanders' campaign had quoted. Obama's bailout was to assist the incompetency and corruption of Wall Street and the financial industry. Today it is a submicroscopic organism, approximately 120 nanometers (one nanometer is one billionth of a meter or about 20 oxygen atoms lined up), that threatens the financial well being of most Americans. However before the COVID-19 reached our shores, the US was already in a horrible debt crisis. Fiscal conservatives are angered that the US National Debt has reached $24.5 trillion while at the same time adamantly ignoring that the US Total Debt now hovers above $77 trillion. Neither party shows concern about Americans' increasing personal debt (mortgage, credit card, auto, student loans, etc), nor the rise in corporate, state and city debts. When we take into consideration $144.6 trillion in US Unfunded Liabilities, $20.4 trillion in Social Security Liability, and $31.6 trillion in Medicare liability, the nation lingers on the precipice a total collapse. Before the pandemic, Trump boasted an unemployment level as low as 3.6 percent. But in the US, there are different ways to calculate unemployment figures. There is the official figure (U-3) that Wall Street and presidential administrations rely upon and then a more realistic statistic or U-6 that includes those underemployed and those only marginally attached to the work force.  Before the pandemic the "real" or U-6 employment was 6.9 percent.  Finally there is the shadow statistic, which adds the millions of Americans who have dropped out of the work force because their benefits ceased or because they are homeless or unaccounted for by the Labor Bureau.  When those adjustments are made, the shadow unemployment is likely around 23 percent. Now, unemployment is skyrocketing.  The most recent estimate is that over 26 million people lost work during the past month and, according to Fortune magazine, the official unemployment rate may be as high 18 percent.  Consequently a more accurate unemployment figure would be approximately 32 percent or almost a third of population. This is far worse than at the height of the Great Depression when unemployment stood at 25 percent.  The dark side of American jobs has been decades of large layoffs, workers being replaced by automation, downsizing, corporate consolidation due to equity partnerships, mergers and off shoring of manufacturing. In addition, tens of thousands of foreign professionals have received work visas and are eager to take the place of middle seniority positions in firms for lower salaries and without full benefits.  The system is so corrupt that the millions of people who work full time for less than a living wage are completely ignored. Hence most Americans are deep in debt and frequently live paycheck to paycheck. The fact of the matter is that there is no security whatsoever for millions of people who may not find work for a very long time. Even if the lockdown were to end tomorrow, the lights would not immediately switch back on.  Throughout the financial news, we are reading headlines of companies eyeing bankruptcy as credit ratings are being rapidly downgraded.  Retail stores are being especially hit badly. According to Global Data Retail, over 190,000 retail stores have closed, accounting for nearly 50 percent of the nation's retail square footage. Forbes has listed Dillards, JC Penny, Kohl's, Levi Strauss, Macy's, Nordstrom, and Signet to likely go under.  Others include Pier 1 Imports, Rite Aid, J Crew that is loaded up with private equity debt, Fairway supermarkets, and niche organic grocer Lucky's. Macy's capital alone dropped from $6 billion to $1.5 billion since February. This trend had already been rising since Trump came to office with large chain companies increasingly closing outlets including Walgreens, Gap, GNC, H&M and Victoria's Secret. For sure, when and if the pandemic ends, there will be far less retail stores. The New York Times predicts very few are likely to survive. And we are not even looking at the hundreds of their vendors that are also being affected. With 60 percent of Americans eating regularly outside the home, the restaurant industry is also being hit fiercely. Restaurants employ more minority managers than any other industry -- approximately 60% -- and employs almost 16 million people. Between 2010 and 2018, it represented the largest number of low middle class jobs ($45,000 to $75,000), 300 percent more than the overall economy. Now a restaurant apocalypse is underway, with an estimated 20 percent of restaurant operations going under. Larger chains are far better equipped. They are simply closing down dining room facilities and only offering carryout, pickup, delivery or drive-thru. Smaller independent restaurants are at the greatest risk. Then there are the farms, the concentrated agriculture feeding organizations (CAFOs) and food chain suppliers. In the past it was very rare to enter a large grocery store and find empty shelves. Now it is a common sight because the food supply chain has been upended. Pork and other meat suppliers such as Smithfield Foods, Tyson and Cargill are forced to close plants. Due to Trump's draconian position on immigration of foreign workers, farm produce will not be harvested. Niv Ellis at The Hill reports that "some $5 billion of fresh fruit and vegetables have already gone to waste."  The pandemic, therefore, is contributing to rising food insecurity throughout the nation. Before the pandemic, Ellis notes, 37 million Americans were already food insecure.  The additional 26 million unemployed will increase that number, and it is sure to continue to climb. Finally, the UN Food and Agriculture Organization expects that the frantic efforts underway by countries to import basic staple foods may launch global food inflation. We are also facing "the quickest and deepest oil demand crash in history," says Richard Heinberg from the Post Carbon Institute. Oil prices plunged to an inconceivable negative minus $37 a barrel last week as global fossil fuel demand dropped roughly 30 percent.  "The entire petroleum industry," writes Heinberg, "is teetering."  Natural gas producers relying on hydrofracking shale, which had already been burdened with high debt from private equity, are scrambling for bankruptcy protection. According to Reuters, "numerous midstream companies [in the energy sector] backed by private equity are in danger of bankruptcy." With the collapse of hydrofracking companies, the pipeline firms have also entered troubled waters. The Federal Reserve Bank of Kansas City predicts that 40 percent of energy producers may be insolvent "if oil prices remain around $30 a barrel" for the year. Then consider the larger picture of the impact this has on the 6.4 million people working in the energy sector. Also we might consider the future of 15 million Americans who work in the tourism industry, including hotels, entertainment, parks, museums, etc. It is estimated that 96 percent of global tourism has vanished in the blink of an eye. State and local city governments are also "staring at budget shortfalls that will substantially exceed what they faced during the great recession." States are reporting significant gaps in their capacity to remain fiscally afloat. The Republican Senate led by Mitch McConnell seems determined to withhold $150 billion of emergency funds to the states in the CARES Act before Congress -- less than half of the $300 billion to $1 trillion state legislators are demanding. Consequently, states are staring into a deep abyss. Americans who will either return to a job or seek work when the pandemic slows will be further imprisoned by an economy buried in greater debt. Downsizing will accelerate along with borrowed money to continue operations while the White House refuses to pass a rent holiday, forgive student loans and other debts, cease payday loans, reduce interest rates on credit nor provide free healthcare for those infected with COVID-19;   The average person without a steady paycheck is living off savings and credit cards. Therefore, when the economy reopens, large numbers of people will be unable to return to the marketplace to circulate dollars;   As corporate debt mounts, the most insidious truth are the vultures of capitalism who will profit. These are the great white sharks in the finance industry that smell blood. For the trillions of dollars Trump is dishing out to the 1 percent, these are the first to get the lion's share of the quarry. Nobody in the mainstream media has properly criticized the huge monetary allocations being made for the pandemic. The FED is buying corporate debt in order for companies to off load their mistakes and receive fresh, new money. But the average small business receives the left over pennies.  The virus is teaching us the harsh reality about Washington pervasive culture of corruption. On this account both parties have no empathic regard for average citizens and small business owners.  Even the money from Trump's and Mnuchin's stimulus package given to citizens can be confiscated by debt collectors. Imagine if you are an average citizen, not an insider, at the conference table with executives from Facebook, Google, the major banks and mega-corporate industries. You have no income or savings and no health insurance. If you are hungry, where do you get money for food? Where do you get money if you are sick or gas for your car?  The unintended consequences of Trump's and the Congress' irresponsible and inhumane policies are literally bankrupting the nation. By extension the millennial and iGen generations are the victimized recipients of this debt bequeathed to them by older generations. They are further compromised with the inability to secure jobs equal to their educational level nor secure a satisfying living wage. They are burdened with high interest student loans. They also are far more aware of the impact climate change will have on their futurs. Therefore, millions of young adults are rapidly losing faith in America's neoliberal capitalist system and our self-centered culture of predation. Similar to waking up the day following September 11, 2001, we will be emerging into a new world after the COVID19 pandemic subsides. It is now being called the "shut-in economy." The pandemic is not solely a health crisis; it is equally an existential crisis, an impasse in the global civilization that is forcing us to realize that our over dependence and perverse reliance upon natural resources, such as fuel, energy, food and corrupt banking and healthcare services, is fragile. We are learning that at every level there are numerous cracks in our structures of governance and our economic and social bases.  Yet the virus did not break the nation; it has been broken for a long time. Only now more people are waking up from their dream. Furthermore, few people, including the mainstream media, now believe there will ever be a return to the normalcy of life that ended after Wuhan had its first patient infected with the virus. It is time for every individual to reassess her or his priorities. A life full of well-being is more possible today if we realize the virus has also been our teacher. But it is living a life that is founded upon simplicity, insight and wisdom, and community rather than consumption and competitive power. 

Thanks for watching another episode of Magic Internet Money.  This week, we conducted a survey with one of North America's leading surveying companies, Hotspex. In this podcast we sit down and analyse the results with the Hotspex Associate Director, Esther Vlessing who shared some intricate and interesting opinions on the show.   Hotspex was ‘Voted A Top Global Insights Innovator’ 6 Years in a Row. (2014, 2015, 2016, 2017, 2018, 2019)   An article analyzing the survey can be found here for Brad’s personal opinions on the results. Hope you enjoyed this week’s episode with Esther Vlessing, you can find out more about hotspex here: hotspex.com Twitter   Instagram   Survey Questions Discussed: Hypothesis A wealthy person gives you $10,000, what do you invest in? Instinctively without googling, what do you think the US Dollar is backed by? What do you think the US National Debt is? How do you think USD has performed as a store of value over the past 100 years? Would you be surprised to hear that the USD has lost 96% of its purchasing power over the last 100 years? If you adjust for the drop in purchasing power of USD, what do you think the return would be? What do you think creates the new USD? What type of entity do you think the US Federal Reserve is? Without googling, who do you think controls bitcoin? Do you consider yourself knowledgeable about what bitcoin is? Which asset do you think has been a better investment over the past 10 years compared to bitcoin? If all the cash in the world is worth $80Trillion, all the gold is worth $8 Trillion, all real estate is worth $200 Trillion, what do you think all the bitcoin in the world is worth? Do you trust banks? If bitcoin succeeds as the electronic money of the internet, do you think it could ever increase in price 50x to be worth the same amount as gold? ($8 Trillion) Conclusion   Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast TechOther Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of bitcoin & all cryptocurrencies by satoshi nakamoto.   Brad Mills is a partner at Xsquared Ventures. All opinions expressed by Brad & his guests do not reflect the opinions of Xsquared Ventures or Xsquared Ventures Management. Investing in cryptocurrencies is high risk and can get you rekt, do not treat any opinion expressed on this show as investment advice, but only as an expression of Brad’s opinion. This podcast is for informational purposes only. Do not attempt to HODL without doing your research first.

Thanks for watching another episode of Magic Internet Money. This week, we conducted a survey with one of North America's leading surveying companies, Hotspex.In this podcast we sit down and analyse the results with the Hotspex Associate Director, Esther Vlessing who shared some intricate and interesting opinions on the show. Hotspex was ‘Voted A Top Global Insights Innovator’ 6 Years in a Row.(2014, 2015, 2016, 2017, 2018, 2019) An article analyzing the survey can be found here for Brad’s personal opinions on the results.Hope you enjoyed this week’s episode with Esther Vlessing, you can find out more about hotspex here:hotspex.comTwitter Instagram Survey Questions Discussed:HypothesisA wealthy person gives you $10,000, what do you invest in?Instinctively without googling, what do you think the US Dollar is backed by?What do you think the US National Debt is?How do you think USD has performed as a store of value over the past 100 years?Would you be surprised to hear that the USD has lost 96% of its purchasing power over the last 100 years?If you adjust for the drop in purchasing power of USD, what do you think the return would be?What do you think creates the new USD?What type of entity do you think the US Federal Reserve is?Without googling, who do you think controls bitcoin?Do you consider yourself knowledgeable about what bitcoin is?Which asset do you think has been a better investment over the past 10 years compared to bitcoin?If all the cash in the world is worth $80Trillion, all the gold is worth $8 Trillion, all real estate is worth $200 Trillion, what do you think all the bitcoin in the world is worth?Do you trust banks?If bitcoin succeeds as the electronic money of the internet, do you think it could ever increase in price 50x to be worth the same amount as gold? ($8 Trillion)Conclusion Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast TechOther Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of bitcoin & all cryptocurrencies by satoshi nakamoto. Brad Mills is a partner at Xsquared Ventures. All opinions expressed by Brad & his guests do not reflect the opinions of Xsquared Ventures or Xsquared Ventures Management. Investing in cryptocurrencies is high risk and can get you rekt, do not treat any opinion expressed on this show as investment advice, but only as an expression of Brad’s opinion. This podcast is for informational purposes only. Do not attempt to HODL without doing your research first.

Clipped from #94. www.youtube.com/douglife

Join us this week as we discuss how the IRS is treating Cryptocurrency, Why the US actually has over $200 Trillion in national debt and how to know if a phone call from the IRS is real or a scam. For questions regarding these or other tax issues you may have please contact me at 510-797-8661

Tara Sinclair, Associate Professor of Economics and International Affairs at George Washington University, discusses how deficits are more dangerous than debt, and some effective strategies for reducing both.

Did you know the State of Mississippi was getting collection calls from foreign debtors for bonds issued in the 1830s? Professor David Thomson of Sacred Heart University discusses this, the broader history of the US National Debt, and what it can tell us about the issue of government debt today.

Please hit the subscribe button!For readings about our national debt please click the link below:https://amzn.to/32OIQunWASHINGTON (AP) — The Trump administration reported a river of red ink Friday.The federal deficit for the 2019 budget year surged 26% from 2018 to $984.4 billion — its highest point in seven years. The gap is widely expected to top $1 trillion in the current budget year and likely remain there for the next decade.The year-over-year widening in the deficit reflected such factors as revenue lost from the 2017 Trump tax cut and a budget deal that added billions in spending for military and domestic programs.Forecasts by the Trump administration and the Congressional Budget Office project that the deficit will top $1 trillion in the 2020 budget year, which began Oct. 1. And the CBO estimates that the deficit will stay above $1 trillion over the next decade.Those projections stand in contrast to President Donald Trump’s campaign promises that even with revenue lost initially from his tax cuts, he could eliminate the budget deficit with cuts in spending and increased growth generated by the tax cuts.Here are some questions and answers about the current state of the government’s finances.___WHAT HAPPENED?The deficit has been rising every year for the past four years. It’s a stretch of widening deficits not seen since the early 1980s, when the deficit exploded with President Ronald Reagan’s big tax cut.For 2019, revenues grew 4%. But spending jumped at twice that rate, reflecting a deal that Trump reached with Congress in early 2018 to boost spending.___WHY DOESN’T WASHINGTON DO SOMETHING ABOUT IT?Fiscal hawks have long warned of the economic dangers of running big government deficits. Yet the apocalypse they fear never seems to happen, and the government just keeps on spending.There have been numerous attempts by presidents after Reagan to control spending. President George H.W. Bush actually agreed to a tax increase to control deficits when he was in office, breaking his “Read my lips” pledge not to raise taxes.And a standoff between President Bill Clinton and House Speaker Newt Gingrich did produce a rare string of four years of budget surpluses from 1998 through 2001. In fact, the budget picture was so bright when George W. Bush took office in 2001 that the Congressional Budget Office projected that the government would run surpluses of $5.6 trillion over the next decade.That didn’t happen. The economy slid into a mild recession, Bush pushed through a big tax cut and the war on terrorism sent military spending surging. Then the 2008 financial crisis erupted and triggered a devastating recession. The downturn produced the economy’s first round of trillion-dollar deficits under President Barack Obama and is expected to do so again under Trump.___SHOULD WE WORRY?As far as most of us can tell, the huge deficits don’t seem to threaten the economy or elevate the interest rates we pay on credit cards, mortgages and car loans. And in fact, the huge deficits are coinciding with a period of ultra-low rates rather than the surging borrowing costs that economists had warned would likely occur if government deficits got this high.There is even a new school of economic theory known as the “modern monetary theory.” It argues that such major economies as the United States and Japan don’t need to worry about running deficits because their central banks can print as much money as they need.Yet this remains a distinctly minority view among economists. Most still believe that while the huge deficits are not an immediate threat, at some point they will become a big problem. They will crowd out borrowing by consumers and businesses and elevate interest rates to levels that ignite a recession.What’s more, the interest payments on the deficits become part of a mounting government debt that must be repaid and could depress economic growth in coming years. In fact, even with low rates this year, the government’s interest payments on the debt were one of the fastest growing items in the budget, rising nearly 16% to $375.6 billion.___HAVEN’T ECONOMISTS BEEN MAKING THESE WARNING FOR DECADES?Federal Reserve Chairman Jerome Powell says the day of reckoning is still coming but isn’t here yet. Most analysts think any real solution will involve a combination of higher taxes and cost savings in the government’s huge benefit programs of Social Security and Medicare.___ANY SIGN THAT WASHINGTON MAY TAKE THE POLITICALLY PAINFUL STEPS TO CUT THE DEFICIT?In short, no. There has been a major change since the first round of trillion-dollar deficits prompted the Tea Party revolt. This shift brought Republicans back into power in the House and incited a round of fighting between GOP congressional leaders and the Obama administration. A result was government shutdowns and near-defaults on the national debt.But once Trump took office, things changed: The president focused on his biggest legislative achievement, the $1.5 trillion tax cut passed in 2017. This appeared to satisfy Republican lawmakers and quelled concerns about rising deficits.Democratic presidential candidates have for the most part pledged to roll back Trump’s tax cuts for corporations and wealthy individuals. But they would use the money not to lower the deficits but for increased spending on expensive programs such as Medicare for All.___SO THE DEFICITS WON’T ANIMATE THE PRESIDENTIAL CAMPAIGN?It doesn’t seem likely, though former Rep. Mark Sanford, who has mounted a long-shot Republican campaign against Trump, is urging Republican voters to return to their historic concerns about the high deficits.And economists note that today’s huge deficits are occurring when the economy is in a record-long economic expansion. This is unlike the previous stretch of trillion-dollar deficits, which coincided with the worst recession since the 1930s.But analysts warn that if the economy does go into a recession, the huge deficits projected now will expand significantly — possibly to a size that would send interest rates surging. Such a development, if it sparked worries about the stability of the U.S. financial system, might produce the type of deficit crisis they have been warning about for so long. (Source AP)

About the Episode:  Today we’re answering your top money questions from September including how to teach your kids about money, investing, and what automated budgeting tools to use.  In our Current Money Events segment, updating you on the US National Debt and how it affects you.  Hear a success story from Tilicia who has learned to steward the funds she receives better.  Resources: IWBNIN - ToolsUS Debt ClockI Was Broke. Now I’m Not. OXEN: The Key to an Abundant Harvest What Everyone Should Know About Money Before They Enter the Real World Free Course - Top 3 Tools  I Was Broke. Now I’m Not. Group Study Annual Budgeting Tool - Entire YearAnnual Budgeting Tool - Month by Month IWBNIN - Debt Tools IWBNIN - Budgeting Tools IWBNIN - Investing Tools IWBNIN - Saving Tools Financial Peace Jr. Charles SchwabNext Steps - Investing IWBNIN Ladder Quote of the Day: “It’s good to have money and the things that money can buy, but it’s good, too, to check up once in a while and make sure that you haven’t lost the things that money can’t buy.” - George Lorimer Email info@iwbnin.com to ask questions or share success stories.

Bitcoin can be many things depending on how it's used. A form of digital money, a trading vehicle for short term gains, a long term investment, or as we have seen more recently, a hedge against government instigated economic hardships.

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Young Americans have the most to gain or lose when it comes to the fiscal decisions being made today in Congress. America’s debt is around $22 trillion and climbing. This unprecedented debt level threatens the economy young people will inherit, their future earning power, and the vital public and private investments that are key to building a future full of opportunity. Tune into this podcast with Hilary Allen, Up to Us Spokesperson, to hear how she and the Up to Us program are educating and engaging college students on campuses across the US.

The US national debt today is about 22 trillion dollars and each day it continues to rise. Rocky Dhir hosting from the State Bar of Texas’ 2019 Annual Meeting, is joined by Larry Gibbs to talk about America’s national debt crisis. They discuss the difference between the national deficit and the national debt; how other countries, such as China, are financing our debt (for now); and what could happen if we default on our loans. Larry strongly urges our listeners and everyone out there to educate themselves about our debts, deficits, and spending programs and to reach out to their politicians and to make our debt a principle issue in this country. Larry Gibbs is a senior counsel at Miller & Chevalier Special thanks to our sponsor, LawPay.

About the Episode: Today, we’re discussing the US National Debt and how we can begin to lower this increasing debt.   In our Current Money Events segment, we will discuss personal debt. Hear a success story from an individual who is now debt free, including their mortgage! Resources:US Debt Clock Household Debt Quote of the Day: “We don't have a trillion-dollar debt because we haven't taxed enough; we have a trillion-dollar debt because we spend too much.” - Ronald Reagan

The United States is $22 Trillion in debt and keeps spending more than we take in every year. Economists and conservative activists have been sounding the alarm for years, but how do we stop the fiscal disaster in the making? Heritage Action President Tim Chapman offers a very specific answer.

How high can the National Debt climb before it becomes problematic? Tune in to this week’s TrendsTalk with Alan Beaulieu to understand the issues our debt will bring in the future. https://www.itreconomics.com/content/future-us-national-debt

Shutdown averted-Haiti crisis-US National Debt higher than ever- Amazon withdraws from New York headquarter

According to US Debt Clock http://usdebtclock.org as of March 2015, the US National Debt is over $18 trillion. That comes out to be $154,112 of debt per taxpayer! Let's take into account unfunded liabilities, such as Social Security and Medicare - we're in the red about $811,450/taxpayer. Is there a plan to turn this around? What can we do to get back to black, so we can leave our children a country better than we found it, instead of indebted and insolvent? Joining us this week is Congressman Paul Ryan to give his take on what our options are, and why we need to act on this issue now before it gets worse. Make sure your retirement is ready for this by going to: https://www.myprisminsurance.com/retirement_plans/retirement_review.aspx