Why The U.S. Can’t Go Broke

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Information Why The U.S. Can’t Go Broke

Title	:	Why The U.S. Can’t Go Broke
Lasting	:	9.18
Date of publication	:
Views	:	567 rb

Hey everyone, thank you for watching brbrObviously, economics is a complex topic, and there are a lot of factors that you can’t squeeze into a 10-minute video A couple things are worth pointing out: The bulk of this video uses the United States as an example, but generally you can apply these ideas to any country that issues its own sovereign currency, like the UK, Japan, etcbrbrAnother thing to note is that Japan has an even bigger national debt than the US when you compare their debt-to-GDP ratiosThe debt number used at the beginning of the video ($28 trillion) is the gross national debt of the United States Some economists prefer to focus on a different, slightly smaller number, called the “public debt” That number takes the overall debt and subtracts from it any intergovernmental debt — in other words, debt owned by different parts of the US governmentbrbrWith the deadline to file tax returns coming up in the US, one of the things we found most interesting is that taxes don’t need to be collected first before a government spends; it flips our whole understanding of why we are taxed and what the limitations to government investment could be What did you all find most interesting?
Comment from : AJ+

The "dollar" is an abstract concept, as with all money The US not having to pay back its enormous debt and essentially never going into default is a testament to the US's global stabilizing influence economically The debt is more like an international grant or subsidy People pay to help keep the US running because it is the economic glue to the rest of the world Therefore, it doesn't have to pay anything back too quickly (or at all) Like companies that are traded publicly, the bigger the company, the more it can receive via stocks/bonds There are rules about how many futures can be liquidated at any given time Since the US is looked at as the now and future of the world's economy, it sets the rules about when debtors can come calling For some, that's never It becomes a "fuggetaboutit" type of situation As the video states, a government borrowing money is not quite like a human, but if we are making comparisons, America would be like the Don Vito of nation states 😂😂😂
Comment from : STREAM DREAM

The money the government's printing is going into the pockets of the wealthy - all money ends up in the bank accounts of the rich That's why they must be taxed progressively Point 1: billionaires are dangerously powerful Point 2: the hoarding of money hurts the economy for the rest of us Money must circulate
Comment from : crystalparker100

Oh so there’s really no excuse for poverty, and homelessness
Comment from : jt

50 seconds of this vid is all u need
Comment from : Mai Kahk

That is one western fool Typical stupid american… her country is in the start if the collapse now when you pay 9dollars for a gallon of milk its not good Lol Take it from someone who lived threw money collapsing america will collapse its a matter of when Only way to save it is cut handouts and cut your government by 70percent This will never happen
Comment from : Ivan solomatin

GOD loves you enough to send HIS only SON to save you and if you repent and turn from your sins and be baptized in THE NAME OF THE FATHER, THE SON and THE HOLY SPIRIT ((if you haven't )
Comment from : Avery Thompkins

The voiceover is "demand for more programs" but the video is of a climate change marchbrThis may be accidental, but it really hits home for me A carbon tax would bring in more than enough revenue, save the environment and move incentives in the right direction (away from personal transport, for example)brYes, it would be painful to commuters, for a time, but like excising a cancer, the surgery will be well worth it to save the patientbrOther solutions are to cut our bloated military and RAISE TAXES ON THE WEALTHY!
Comment from : pas9ify

Democratic staff We are so screwed
Comment from : Steve Insbrook

Wow this is just another vehicle to stupidfy America We are so screwed because this writer is the product of our education system
Comment from : Steve Insbrook

Everyone google Treasury collateral management and monitoring through Bureau of Fiscal service public debt division There is no public debt because they have collateral accounts to set off through proper discharge for all debts after 1933 when they took the gold coins for us to pay our debts with The Constitution mandates that all states must pay their debts in gold coin The system is a huge fraud as every American is a creditor But they created the all CAPITAL letters name and attached it to each of us calling it our US citizen or the US taxpayer Fact is that we are all creditors not debtors
Comment from : David

How can you borrow money you create? China and other countries do not create American dollars brbrInflation is caused by price setters raising prices because they might believe there is a shortage of resources or they might want to increase their profits In other words, they impose additional liabilities — costs — on the public who are forced to transfer more of their assets — money — to those same price setters brbrAnd central banks raising interest rates causes the banksters to further increase liabilities on the public forcing still more transfers of the public’s assets to the banksters brbrCan you say scam? Both inflation and fighting inflation with higher interest rates are a scam
Comment from : Herb Wiseman

The government can't go broke but it's citizens can
Comment from : Jaydan Beyer

Well this only holds true if the US dollar continues its dominance in international trade which allows it to shift the resulting inflation to other nations That has been the much truer "bigger basket" for the past 70 years
Comment from : Avarua59

Worrying about a bunch of crooks in DC and how they blow your tax dollars is not a past time of mine I'm retired, live within my means and trust in God for everything I need He hasn't let me down yet Good luck
Comment from : Scott Perine

You know the video quality is going to go downhill as soon as the MMT queen starts popping up
Comment from : Libelldrian

How stupid is this? Just print more money, debt solved? If you print more dollars for the same national production of goods and services, that means inflation No matter what tricks you try to swipe it under the rug Ask Germany between the World Wars how that worked out Or Argentina currently with over 100 inflation Endlessly printing money is the same as endlessly increasing tax Everyone ends up poor The government spends other people's money and isn't accountable for when it goes wrong That's like saying person A goes to jail when person B breaks the law A should really vote for the right B come election time
Comment from : Jeroen Offerman

The meaning of this video is clear and loud "Dollar is a Scam" !!
Comment from : Asif Ahmed Hawlader

It is absurd to predicate that the continue and endless printing of money has had no effect in the current inflation!!!! Even if many of those dollars are used in other countries, the excess in printing since the Covid is the cause of what is happening now And the other countries are reacting now , as we all can watch how the Yuan is being more used now
Comment from : Alfonso Osorio Zuñiga

With these comments coming from the so called financial experts, you can understand why our younger generations are in serious debt and will never be able to retire
Comment from : Frank Techguy

No wonder the US is in bad shape The Democrats hired this "DA" professor for their budget committee Our kids are brainwashed in college that the US will never go broke Someone needs to ask this "DA" professor, what will happen if China's naval fleet is equal to the US seven fleet or bigger and unilaterally demands payment in GOLD for its holdings of mature US Treasury Bills?
Comment from : Steve Hawks

We are giving so much money to other country's This is how we play with other country's LIE,LIE,LIE,LIE,LIE,LIE,LIE,LIE
Comment from : Gary Williams

The money is going into Washington pockets
Comment from : Gary Williams

How I understand it what she said in another words -- I am super power no 1 and i can do/say whatever if I want you will not get your money and what you can do about or I will give you much, little or just nothingnobody can force me to do what I do not want Got it ? Who should to feel the weight of US national depth the most? Doring p Reagan time corporations got big tax cuts /got a lot of money/, later took their businesses to China and made China great and for that reason they should to pay the most of depth But the fact is that financially US should to reset itself and the fact is that everybody is not going to get all expected money and banks/ government should to keep the rule $ 250K is guaranteed by government , Even if they use a part of gold reserve the national depth will not go to zero Long time I red on internet that during p Andrew Jacson US national depth was zero ! Golden rule is you can spend only as mush as you make or less !
Comment from : avdo hodzic

US can't go broke but it's citizens definitely will and are becoming I see it all on their streets
Comment from : Finance VijaySurya

Crap
Comment from : Frank Heuvelman

It will create inflation and has already
Comment from : Rafael Estevez

this video makes it crystal clear the usd is backed by not a gold reserve but by violence this is what allows it to print and create wealth out of thin air its network of compromised client states and hundreds of military bases around the world is what gives it the right tyranny has won
Comment from : PlacidCat89

Let's wait when the rest of the world no longer need US$ for their trading activities!
Comment from : Pahat Rout

This guy is an idiot Not an economist Because the US dollar is the world's reserve currency we also push our inflation onto the rest of the world And they receive no benefits So they want an end to this game Hence we have the BRICS Five nations going on 40 more who represent 70 of the worlds population, saying no more dollars Why should nations give the US their natural wealth for paper money? This game will end SOONER rather than later
Comment from : Steve Okken

This video was made by idiots lol any economist or analyst with half a brain will tell you the budget must be balanced and the debt must be trimmed This video was made by thos who support the fascist marxists government Biden has installed
Comment from : David Graham

THE UNITED STATES SITUATION IS DESPERATE THE COUNTRY IS OVER-INDEBTED; THE DOLLAR HAS HAD NO REAL VALUE SINCE THE DISAPPEARANCE OF PETRO-DOLLARS AND THE US ECONOMY IS IN RECESSION THE ONLY SOLUTION LIES IN A RADICAL CUT OF MILITARY SPENDING AT LEAST 800 OF THE 900 US MILITARY BASES ABROAD MUST BE CLOSED CUT THE MILITARY BUDGET BY 75 AND REDUCE THE SIZE OF THE FEDERAL GOVERNMENT BY RELINQUISHING MOST RESPONSIBILITIES FOR DOMESTIC POLICY TO STATE GOVERNMENTS THIS WILL NOT FIX ALL PROBLEMS BUT CAN SAVE THE COUNTRY FROM DECOMPOSITION AND DESTRUCTION
Comment from : Max Zimum

LET THE GOVERNMENT FAIL AND GO BANKRUPT IT'S THE ONLY WAY
Comment from : Max Zimum

Absolute rubbish
Comment from : James Cipolla

"We are almost broke all the time but we are not"br"Well, sometimes!"
Comment from : Hostile

2023 and this video is already not aging pretty well
Comment from : Phillip Gabriel Mercado

So the so called specialist is not aware of the word hyperinflation, has never read about empires much bigger than the US crumbling down and that you can't issue endless amount of money without any consequences? Especially when major oil producers are backing out from the dollar which currently is its last pillar of support
Comment from : Alex Mercer

The US Dollar is made by the Federal reserve The money supply is all the money loaned by the Fed, BUT the debt is all the money and interest; we're about $12 trillion behind It's not unsustainable currently (still only 6 to service the debt) but it's not perfect either It does have to borrow, someone has to buy those debts (other than when the Fed does, that's funny)
Comment from : Raw Financial News

the future generation gonna pay for it "if" they have the means to produce it
Comment from : Sam Wang

I wonder how long you have to go to school to become this stupid
Comment from : Beansontoast

My grandfather came over here from germany when the german government printed so many marks that the people were better off burning marks than wood USA is going back to those days I remember paying $1 per gallon of gasoline Now it's more than $3 We're only at 1/3 dollar bill value But my retirement hasn't multipled 3x Its the same pattern nazi germany followed The next trend is we get a small break, our money can buy things again
Comment from : Tyler Horn

My question to the Stony Brook professor is “why have a bond market? “ To go down the rabbit hole, a little bit further, “why pay taxes to the governmen?“ For the final rabbit hole, “why work for the government or work at all if the government can just print it?”brbrIt all ends badly!
Comment from : Brent S

Don’t fool yourselves Your days are numbered Keep on printing Your end is near 😅
Comment from : George Gomez Gomez

Cash counts if you know how to check a 20
Comment from : private delete button google is missing

Yeah… Why would the creditors want to get their investment in printed paper that’s more quantity than quality? This is pure nonsense
Comment from : Hairy Pancake

This already has aged well Lol
Comment from : First 2 Fire

USA can’t go broke Reason they have been broke for years
Comment from : Brian Lowe

Inflation is basically the same as taxes but much worse because it can go much higher
Comment from : David Moss

Which economics school did you go to, this is a joke, how can a country that is printing money endlessly not go bankrupt, there are plenty of good examples of past countries going bankrupt, ever heard of Weimar republic?
Comment from : Peter Lynch

They will never invest in the people
Comment from : insomnia9999

Go ask Argentina or Zimbabwe how borrowing with their own currency and paying back by printing more currency worked out for them This economist is a hack and an idiot You can’t print your way out of debt without destroying your money or toward prosperity
Comment from : Nate Doss

you are delusional do you think those dollar bills will worth more than toilet paper if the government prints 31 trillion without the backing of gold? stop being a irresponsible jackass you can't print paper asset without limit
Comment from : alfons tabz

You're full of crap lady!
Comment from : da1datgotaway

She's a former chief economist, so she has no excuse for being so deluded
Comment from : Texas Ray

Why issue bonds if you can print money instead?
Comment from : Rupert Smith

Ahhh yes the old using "the credit card to pay for credit card debt"
Comment from : Olwethu Mkhwanazi

Your explanation misses the fact that the US Treasury borrows from the Federal Reserve Bank at interest Yes, we will have to pay it back
Comment from : Zma

This video is baloney The only snippet of truth was the 10 seconds of Margaret Thatcher speaking
Comment from : Will Hargreaves - YouTube Channel

Nothing is forever except to the deluded
Comment from : Denzel Koh

It is 31,5 trillion todayand it is de-dollarizion
Comment from : Arnar Loftsson

So no 1 really a mil r bil aire they just swapping cars 4 plumbing trucks 4 cleaning go back to sea shells run down to the ocean collect all the sea shells BOOM 💥 🤯 WE GOT EM 😜🤔💬 BROADCASTING SCRAMBLED BRAINS 🧠 EGGS 🥚🍳 MICROWAVE RADIATION 👾👽 IT'S READY MY BRAIN GODZS4BID IS FRIED CHICKEN 🐔 AM STONE CRA CRAY 😜🤔 IT WORKS
Comment from : blessedlord777

Print more money and pray the other guy plays along
Comment from : Aaron Jennings

The Federal Reserve is not the Government
Comment from : Kent Bitcoin Believer & AI

As long as healthcare costs stay OFF my credit report, I'm good Until that changes, this is all a mute point
Comment from : R

No it's not 28 Trillion it's p31 4 trillion Thats false narrative
Comment from : Cresente Ayo

Neosedyvam Nikakvi Park za preplata iakosm Towogoprepravi sistemot of Bitonot I lokymot Proetot Sym potyrnat vo Neizvesnos zatoa ə navdeno do 2029pose godina Da nehepkaat Lopovite
Comment from : Danco Vrboski

N am
Comment from : Danco Vrboski

Really?it is bankrupt already
Comment from : cezary zbikowski

Only 2 years later they start running out of money 💀
Comment from : Battle Ocean Official

Moronic
Comment from : Alex Rapp

Didn't age well
Comment from : I hate basketball people

Dieses Video ist absolutes Wunschdenken und wurde wohl von der FED gesponsert um die Leute zu beruhigen Also einfach Dollar drucken und alles ist gut oder was ? Und immer weiter so So einfach ist es eben doch nicht Die USA haben den Vorteil, dass der Dollar die Weltwährung ist Aber wenn dies eines Tages nicht mehr der Fall sein wird, kann es für die Amerikaner ungemütlich werden Übrigens, ein Land kann sehr wohl pleite gehen obschon in diesem Video etwas anderes suggeriert wird In der Geschichte waren schon Länder wie Argentinien, Griechenland, Island pleite Und noch etwas länger zurück sogar China, Frankreich, Österreich, Dänemark und Deutschland Aber bitte sehr, träumt ruhig weiter bis der grosse Knall kommt Zukünftige Generationen werden Euch verfluchen
Comment from : Tony

bring in another economist that disagrees with this woman the real question is 'how will this Ponzi scheme crash?'
Comment from : Bible Samurai

This only works as long as the US dollar is the reserve currency
Comment from : Umesh S

I just love how they present it as a perfect system and yet the new the news media turns out hundreds of these videos to reassure everybody there is no issue Why is that necessary
Comment from : John Alvarado

Dirty Arab liars: well it's not technically a lie It is true the US can't go broke because it prints up money but inflation is a direct result of printing up money
Comment from : John Alvarado

I understand Modern Money Theory (MMT) after running across the idea (and Stephanie Kelton's work among others) during the financial crisis A good theory has to make predictions, and MMT did that as the Fed was buying bonds during quantitative easing One example is we failed to stoke inflation so many people worried about, and it also accurately describes the banking system It just makes perfect sense
Comment from : Norman Smith

Tje printing machine will guarantee there’s enough of green paper bills But why other countries should pay real money for these green paper bills?brThat’s the question many governments are asking themselves Leave the dollar!
Comment from : Jesus RC

Insane Ultimately, this line of thinking will destroy the country (especially when the rest of the world no longer wants to be beholden to the dictates of the bloated blob that is the Federal government) Once nation after nation ditches the dollar, that’s when the house of cards will collapse The only reason the Federal government can get away with what it does is due to perfect geographic location, limitless resources, and wielding the biggest stick (militarily) If we loose the military advantage (and we seem to be on the fast track to just that) we will start to pay the consequences for allowing the state to become so grossly powerful
Comment from : Nick Fieldson

Who approved this script This is a a terrible attempt of the truth Misleadingly positive
Comment from : Randall Gallaway Jackson

I feel like this video is full of shit bc they dont print money for infrastructure or all that they print it to give to company's they are invested to so they can line their own pockets
Comment from : Entrapbs

Laughs in 2023*
Comment from : Carl Little

We’re in a dangerous time
Comment from : Austin B

This sounds like propaganda If this is what they’re teaching in college, no wonder so many think education & healthcare should be free Just let the govt print more $ And it was the weakest excuse I’ve ever heard why we pay taxes bc the only incentive to pay taxes is so the govt doesn’t take everything you hv or throw you in jail Trumps tax cuts may hv benefited the wealthy but it also benefited the wrkg class At least ppl could afford to buy food, put gas in their cars & heat their homes
Comment from : Dorothy

Well it's 2023 now and this did not age well at all Lmao She explained with with such confidence Please do a follow up video to this 🤣
Comment from : JDLYW