U.S. Debt Ceiling - Mint The Trillion Dollar Coin!

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Information U.S. Debt Ceiling - Mint The Trillion Dollar Coin!

Title	:	U.S. Debt Ceiling - Mint The Trillion Dollar Coin!
Lasting	:	13.00
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Comment from : PensionCraft

I think Canada mint a big gold coin
Comment from : Michael Mallal

All the manipulation of financers, bankers, govt spending, wall street, investors, etc, etc are the causes of this financial mess The tax payers pay their taxes while the govt robs us left, right and center, prints billions of cash, gives it to other countries, while they live high on the hog Of course a lot of people spend money frivolously, too, but tax payers should not be the ones who have to suffer Financial spending and corruption should be stopped, but it's too far out of control We'll all get to suffer the consequences together! Yay!
Comment from : rose blue

im asking for this persons help
Comment from : nen riu

The people that should be leading us should be doctors ,scientist, accountants and teachers I feel they would run the country the best
Comment from : Joshua Pittman

It never gets better it has only gets worse
Comment from : Joshua Pittman

Just
Comment from : Douglas Hagan

Right about 30 trillion dollar deficit
Comment from : Douglas Hagan

S*** we went to war because we were bankrupted so the US and Germany were bankrupt at that time we were both in a depression that's why we went to war that's what we're going to work now once you go bankrupt you're going to war that's what the Robert Kawasaki was saying I'm looking at a battlefront
Comment from : Douglas Hagan

bHello ma'am, I just got mail from Emilia/b Russell platform that my profit is due to withdraw, I really appreciate all those who* brecommended her platform indeed she's trustworthy/b
Comment from : Saria Adem

The disaster is that the USA is 30 trillion in debt whether or not the debt ceiling is raised is basically a trivial joke
Comment from : Sean Cashin

A trick by a trickster This is not leadership
Comment from : Buzz Pedrotti

Reserve currency, they do what they like The danger is the world moving away from the dollar
Comment from : Stephen Cunningham

I thought that dollar bills were printed by the mint which is part of the Fed, thats why they are called Federal Reserve Notes
Comment from : Luke Aladeen

Why is this not called a ponzi? If the treasury continue to borrow, mint coin/print money, what earns this greenback the right to be reserve currency I wonder 🤔
Comment from : Abjewel

US Debt is basically due to overspending, and believing that they could compensate for the deficit Everyone had the same idea
Comment from : Lite Rung

So much for justice for all What ever fancy word is used, it is default
Comment from : beem bob

America is a shithole!
Comment from : All for the wind

79x extension is on the card No worries 😜
Comment from : Milton Tan

I want the US to default I want the system to collapse, so we can remove the cancers and start to rebuild from the original first principles of the country
Comment from : My Name

A Trillion Dollar Coin? Why does Zimbabwe comes to mind when I hear that?
Comment from : Alastair Winston

Just because they say it's worth 1 trillion, doesn't mean it is It's about confidence and making you believe that's what it's worth If it has no physical value, it is worth what people believe it is And the the dollar isn't worth the paper it's printed on
Comment from : Hunty49

Just print more
Comment from : Gene Au

Why bother? Just get a piece of paper and write $1 trillion on it Either is fake anyway
Comment from : H Tran

Minting the coin seems like the equivalent of accounting fraud The debt ceiling is not the problem, it is a symptom that can only be managed by borrowing more money The problem is government spending and a budget deficient Borrowing more money and going further into debt devalues the dollar but creating some trillion dollar coin seems like it would make the dollar worthless While they basically do the same thing one buys time and the other seems instant Although I have no idea what I'm talking about I can barely file my own taxes or change my oil correctly I would love if someone could explain this better to me
Comment from : Nivek G

Anti-matter coin well Expensive to store
Comment from : Robert Olson

But why just 1 trillion? Why not 15?
Comment from : Alejandro Bolaños

A trillion dollar coin solution sounds like an idea I had in the 2nd grade before I understood supply and demand
Comment from : A D

But the federal reserve is not US
Comment from : Deus Ex Magicae

Greece did default their Bonds, and nothing happened
Comment from : Shade Wayar

Couldn't they make this "coin" in paper instead ?brBecause that's all it isbrLike Bitcoin, it's round like a coin it's colour is Yellow like Gold and it's hard money like M Kieser says
Comment from : Moota Moonta

If the biden administration doesn't want to use this than it may actually be a good idea but why not say "F it" and print a 100 trillion dollar coin Seems like there are no repercussions, or did I not pay attention to that part or was it intentionally left out 🤔
Comment from : Bauce

Notice that the UK is not controlled by the EU and does not have this problem, because its parliament is sovereign and can pass any law that it wants, the EU theoretically cant do this , its constitution wont allow it , but the ECJ found a loophole , this sort of manipulation is unlikely to succeed in the USA court for political reasons ,but its constitution needs to be changed to allow for a debt ceiling change as occurs in just about every other country The actual act of raising the debt ceiling , and you can help me out here Ramin, would be like the Fed crediting its reserves , yes just a book entry on a computer, so that the bond interest and all other expenses can be met If the rise in the debt ceiling ( borrowings) is too much it would cause inflation , and sets a sort of budget constraint on Congress
Comment from : gary symons

Why not a 25 trillion coin? If this works why not just wipe almost all the debt out?
Comment from : Mat D

One single video solved lot of doubts Informative
Comment from : prince kanodia

You should teach kids in schools about all this Actual things that would help them in real life Maybe you already do Thank you sir for your way of teaching
Comment from : A Abdel

Wow! I’ve gotta say: this has been the best eco-financial explanation of an issue I’ve ever watched Thanks
Comment from : zer0 Car3

Any time that you compare a country's economy to a Jenga tower, you should stop and reflect on the reality that it was not built on a firm foundation This idea that we can simply stamp "One TRILLION DOLLARS" on a piece of metal and solve all of our problems transcends simple lunacy and steps arrogantly into the realm of farce Ask yourself this: why just one coin? Why not just mint 29 of them? Why not give one to every American? Think of all the problems it would solve if we just gave everyone in America a trillion dollars to pay their bills!!! Of course it wouldn't work, and it won't work with a trillion dollar coin, eitherbrbrHere's another question Why don't poor countries just print the money they need so that they aren't poor anymore? Seems pretty obvious, right? Just print a bunch of money and give it to the people directly and they can all afford new cars and iPhones and mansions It doesn't work All you end up doing is making the money worthless, as has happened EVERY SINGLE TIME IT IS TRIED
Comment from : J Barnes

So Your "solution" is to not fix anything and just print another trillion dollars? Overall, not a bad video I thought you did a good job of showcasing and explaining the information But just printing more money is only going to kick the problem down the road So maybe you don't have to deal with a dip in the economy, but your kids and grandkids will have to deal with it brbrThis economy is fixable But people need to get real and make real suggestions Here are some:brbr1 Simplify the tax code to get rid of the major loop-holes Billionaires and Major Corporations are taking advantage of Primarily, stop issuing tax credits for losses You lost a million dollars on a bad investment? Okay, it is what it is You don't get a tax break, because you don't pay taxes on losses Only on gains br2 Fix government medical spending by fixing the way medicare/medicaid are billed Repeal obamacare (bringing premiums back down to pre-obamacare levels (200-300 percent reduction))- and pay out medicaid visits on the same fee-schedule as medicare patients The whole problem obamacare was "trying" to fix is medicaid patients can't get into the Dr's office half the year Dr's are completely happy to see medicare patients, so they don't have the same problem If you simply pay on the same fee-schedule the problem is solved It would save our country hundreds of billions of dollars br3 Stop paying private insurance companies to handle medicare/medicaid patients We pay a flat fee (it's different for each state and contract) of like $5,000/year per head to have private medical insurance companies manage patients that only actually use about $2,300/year of coverage These are contracts worth hundreds of billions of dollars There's no way it's a good deal for the government Kill those contracts and hire more billing people to work for medicare/medicaid directlybr4 Put an official hard cap on military spending Make it a percentage of the US GDP Whatever the number 4 for example (That's pretty close to where we are now 800 billion military budget vs 21 trillion GDP) The military budget will grow as long as the countries GDP continues to grow But you won't get these stupid random budget increases for shit we don't need They will have to work inside of their budget brbrThere's a LOT more I could go into But that's a solid start
Comment from : Brice Wilson

The US can default on CCP and federal reserve debt without any consequences
Comment from : Tyrel Wehner

Might as well mint a Gazillion dollar coin
Comment from : Jon

THERE IS NO DOUBT IN MY MIND THAT TRUMP WOULD ISSUE THE COIN BIDEN ALREADY SAID HE WOULDN'T SO HE SHOULD BE TRIED AND HUNG IF SOMETHING GOES WRONG SINCE HE IS THE ONE BLOWING THE HORN
Comment from : John Calvin

IF BIDEN DOENS'T ISSUE A TRILLION DOLLAR COIN (SAID HE WOULDN'T ALREADY!!!!!!!!) AND THERE IS NO BIPARTISON OR RECONSILIATION HE SHOULD BE TRIED FOR TREASON IF THE DEBT CEILING IS THAT SERIOUS OF A THREAT
Comment from : John Calvin

Gov issued crypto
Comment from : Daniel Plainview

Why not pay it with BitCoin? if it's such a valuable property China will be more than happy, right?
Comment from : Andrew Balan

Why have a debt limit when obviously it means nothing
Comment from : John Dudley

5:49: wrong not bitcoin lollers
Comment from : Mohib Ilahi

Just cut the pork from the spending bills
Comment from : Chauncey Stewart

USA just mints more coins and prints more money notes
Comment from : HJW

Americans can choose to become a Biblical Christian and adopt a Biblical Christian way of life
Comment from : Clifford Ishii

sois this like a one way ticket to Mars, with a reservation at a no star motel alas, the only one anywhere on it no cards accepted all due, in a single gratuity for a bad clown
Comment from : Miss Piggy

just tightening of the rope on US citizen
Comment from : Findyification

Americans are going to pay, for generations any way you look at it
Comment from : TheOtherMike

Excellent update thanks Please keep us posted as this progresses…😬
Comment from : Rod McClair-Burgess

How come the growth curve of US debt appears to be a straight line going up from 2010 through 2021, instead of the sigmoid curve as often seen in growth curves, such as the growth curve of Covid-19 deaths in the US from Feb 2020 through Sep 2021?
Comment from : lexneuron

republicons have raised the debt ceiling 49 times, and the demoncrats have raised it 29 times that's hilarious i can't wait for the next republicon to lecture us about fiscal responsibility
Comment from : XYZ 123

Buy gold!!!
Comment from : Masonjc

Want to destroy what little faith the world has in the dollar , mint trillion dollar coins
Comment from : Eddie Kulp

5:33 Brilliant meme did you really think of that yourself! It's amazing have you shared it to reddit yet? If not can I do so?
Comment from : TrashwareArt

How is this US Debt situation with endless limit moving up different form Ponzi schemes pls ?
Comment from : Tomasz Skomra

Surely there has to be a time when the USA has to pay back the debt? They cannot keep raising the ceiling
Comment from : Chris H

Do you think that if credit default swaps based on this risk are pricing it at 03, the risk is nearly negligible?brbrThe United States 5 Years CDS value is 13 (last update: 30 Sep 2021 5:45 GMT+0)brbrThis value reveals a 022 implied probability of default, on a 40 recovery rate supposed
Comment from : Frazpas

Trillion Dollar Coin is a BANANA REPUBLIC movebrIt signals direct Monetization which is Hyperinflationary
Comment from : m r

Definately you cover relevant topic Not those noob
Comment from : Sui Loong Yong

A trillion dollars here, a trillion dollars there, pretty soon we're going to start talking about some REAL money
Comment from : Social DTC

why mint the trillion dollar coin? why not mint the one hundred trillion dollar coin? save the trouble for tomorrow
Comment from : ronnie bouchar

once the usa reaches 100 trillion debt, the world is gonna spin
Comment from : im jLypLyp

We also have an Ageing Population so that's probably going to amplify the issue as well National Insurance was raised in the UK for elderly care
Comment from : Majestic Derik

They should just do away with the debt ceiling It's an unnecessary restriction that waste alot of time
Comment from : Jon

What a joke! Why don’t they make a few trillion dollar coins and give everyone some?
Comment from : MAHAMAYA

A disaster: if someone who cannot spend/allocate money wisely cannot borrow more money to pay off the interest they cannot afford Kind of makes a mockery of all the govt backed programs and infomercials about irresponsible gambling, and drinking and drug habitsbrHow about the govt taste some of their own medicine for once And this disaster…let’s see if all the institutions that exist that we praise are good enough to handle the fallout Calls of “disaster” are pure radical hype from Nostradamus Me, I see maybe more humble valuations on housing and less jet skis, and 4 car homes and investment properties and holiday homes…I don’t call that a disaster!
Comment from : Aname

I think its safe to say every each one of the people in position to solve this "problem" have majority of their net worth in real estate and equities, so you can rest assured they will do everything in their power to keep the status quo, its all just an act, and we all know how its gonna end
Comment from : Dariune

Keep it up morons
Comment from : Con Agri

Well done Excellent work Tiny correction- S&P downgrade was from AAA to AA+ And it was partially based on an error in their data But it was too embarrassing to reverse
Comment from : rod

the trillion dollar coin is the most fraudulent coin ever the concept itself reeks of bad intention
Comment from : jung mo

Once the coin is minted and deposited in the Fed, how does that free up the treasury to issue more securities? Also, how can the Fed's mandates not include keeping the currency stable?
Comment from : thorsten Roberts

A better way to avoid default without having to raise the debt ceiling is to have the government not spend money like a drunken sailor
Comment from : matchedimpedance

Do you know if the Fed is obligated by law to take minted coins?
Comment from : xajaccio

I just came to the Title: thinking that we have NFTs in this channel!!! 😃
Comment from : Cenko

"Let's just hope the politicians come to their senses" Yes, let's keep hoping 🤣🤣😅😅
Comment from : Charleston Pinto

Great explanation
Comment from : fais just

Thanks a lot!
Comment from : Ivailo Ruikov

This seems very informative, but I'm still lost
Comment from : Drtyjerz47

love your style,very informative
Comment from : chowangmoh

So Debt crisis coming?
Comment from : MrNaufan

such an excellent video you gained a new subscriber Very succinct
Comment from : Fernando Cordero

So informative Put a lot of concepts together that I have been hearing bits and pieces about I’m newer to studying the US economy
Comment from : Vicky Short

Should treasuries really be AAA if the risk of default comes up every 4 years or so? The fact that treasuries are either AAA or bust is mind blowing to me Sounds more like BBB without the yield
Comment from : Scotty Don’t