What Happens If The U.S. Can’t Pay Its Debt?

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Title	:	What Happens If The U.S. Can’t Pay Its Debt?
Lasting	:	12.11
Date of publication	:
Views	:	1 jt

at 31 trillion dollars now and we're back in the same crisis again And from what I understand now we're paying One trillion dollars a year in interest payments Because of inflation under Joe Biden and the democrats in charge Seems to me like they're trying to bankrupt the United States of America They want to go to digital coins or digital money That's a stupidest idea What do you expect? Democrats want this to control people's money? I think we're in deep deep trouble We can't keep borrowing money forever If they don't start paying the principal, we're gon to bankrupt and everybody is screwed in the United States of America
Comment from : @user-tf7dx7qh9t

As long as people like McConnell, Schumer, Pelosi, et al with Yellen and the other bankers continue the inflationary practices, the US is in trouble The working poor are hurt the most All of these talking heads are politically connected and don't need to do real work to eat
Comment from : @timothykring4772

Don't fret, the debt ceiling always goes up I wonder if 2008 crisis survivors had it easier I'm concerned about the stock market, I've lost $35,000 this month, and my income is down Worried I won't save enough for retirement as I can't add to my savings
Comment from : @ClementRusso2

The national debt is equal to 3/4 of all the real estate in the U S, the platinum value of 33 1 T coins is 33 thousand dollars?
Comment from : @billr4164

This video is total garbage based on kitchen table economics The US is a sovereign currency issuer and can always pay its debt because technically, it has no debt The Fed could simply wipe the entire debt off with a stroke of the keyboard It does not have to issue t-bills or the Treasury doesn’t even have to collect taxes in principle Taxes are to give the currency value and minimize inflation Please review MMT
Comment from : @renscience

The US had previously promised a cash bribe of one trillion dollars to deposed President Victor Yanukovich of Kyiv The US has ben teaching other countries how to live off of credit cards Few lawmakers may raise the credit debt limit at the eight time , making it easier for the President to take another loan for 1 trillion dollar Additional loan Funny that earlier generations in the old world, and in the US, never thought about it The US is like a homeless person who inherited a house worth 33 million dollars and a bank balance of $12 Sri Lanka is like a person who loves food banks and food stamps despite having a positive bank balance Now the homeless person cannot pay taxes or other utilities on the house The bank balance of the US is negative 33 trillion dollars The US owes 33 trillion dollars The lawmakers must have done something unethical for the US to have such a colossal debt Sri Lanka got free grains and free wheat from Russian Federation Last year, Sri Lanka told Vlad their bank cash is low The bank balance of Sri Lanka, an Island nation, is positive 644 million dollars Sri Lanka is like someone who asks for food stamps Despite having a positive bank balance The average president of the US before the current sitting President likely used to love to flash out credit cards to spend credit card money on behalf of Uncle Sam to the tune of 33 trillion dollars debt Lawmakers should cancel all credit cards of the US government So the US government should spend only tax money from taxes collected
Comment from : @johnsnowkumar359

numbers getting to a point where is difficult to understand magnitude 28800 billion usd are: 86750 usd per citizen every man, child, woman, elder etc A family of 2 parents and 2 children: 347000 usd national debt How big is Trillion (1000 billion)? Say you pay 1000 usd per second That rekons 864 million usd/day How long will take to pay a "trillion" ? days? months ? Years? 11574 days 31 years, 8 months and 19 days, more or less And you americans have 288 of that debt So to pay it in same 31 year etc etc, is not 864 million per day, but 2488320000 usd/daybrAn you keep pouring dollars in wars Congratulation Very smart Taking care of your homelesses, no?
Comment from : @aldowiz8179

No mention of corporate price gouging and unfair taxation that’s created a billionaire aristocracy?
Comment from : @lam6572

all debt is the same a negative value account balance that cannot be spent you have to work unpaid labor until it reaches zero again, before which point you can never earn money from anyone ever again, the one you owe money to or otherwise brbr that essentially amounts to slavery, which allegedly runs contrary to american legal values, so debt should be legally impossible in america, whether it be the government or private citizens going into it brbrhowever, some other governments aren't so picky about slavery and can enslave our own government with this international debt
Comment from : @kamerondonaldson5976

Keep sending money to Ukraine Will any country send us aid for Hawaii,How we broke and keep giving money away who's gonna sanction us ?
Comment from : @jonk9977

Most people venture into crypto to be wealthy,meanwhile I just want to be debt free
Comment from : @haydencraig7149

what can I do? I have been disabled since 2009 and I am 58 years old at the verge of retirement My portfoliio of $750k is down to $492k, How can I profit from the present market" , I mean I've heard of people making upto $250k in couple weeks during this crash and I'd like to know how
Comment from : @Harperrr99

it must be fun when you can basically borrow infinite amounts of money just by increasing the limit you can borrow
Comment from : @salamipitza

The United States Inc is insolvent! brThat debt belongs to the Europeans brThe UNITED STATES INC exist in name only…
Comment from : @elyon9329

1 Trillion Pounds Of Home Grown, Legal Weed Sold In America At $50 A Pound, Equals How Much?😌brbrExactly🤗brbr& U Know You Ain't Gettin A Pound Of Weed For 50$🤨brbrSo Problem Solvedbr😎👌
Comment from : @ai1970

Help me with this, if no help, I fail you fail that the way it is, no other way brI'm on my way
Comment from : @abgzulkifli

One thing you never know, you never know
Comment from : @abgzulkifli

Simple just tell the world we'll default and pay out 50 on a dollar take it or leave it!😁
Comment from : @jimmylabb5868

Some day, soon, you all won't be able to ' EAT MONEY ' to survive There won't be any fresh water in your midwest, NEITHER
Comment from : @petersack5074

The default is a joke! The media loves to scare us There are only 3 countries who have this stupid ceiling Go checkout the countries who have real debt We are way down that list! Who is number oneIreland! Also, who do we owe this money to? We owe it to us! Finally, if you look at the real debt list You don't see Communist (Fascist) countries on it Why? They play games and won't report their problems! The two countries that are ready to collapse is Russia and especially China!
Comment from : @johncipolletti5611

do not buy bonds the goverment will default on them after taking all our money
Comment from : @user-te4bf6ye7r

convince me money isn't a social construct to keep order its completely bogus bonds are dead
Comment from : @user-te4bf6ye7r

And our USA government can still give Ukraine over 300 Hundred Million Dollars with our country delinquent on it own America Citizens Insane … WTF is wrong with this country brUSA president is gone Mad and crazy
Comment from : @JB-iw3ui

🤝📈
Comment from : @anthonyeaster362

All Stores Please Lower the cost of all Military and Local for all Brands of Debt Products and Accessories and Production Cost Now That's too much $$ The Whole World Now 🙏🙏🙏
Comment from : @deannaspencer8988

Why didn't left-wing media mention this a year ago when we knew it was getting out of handbrThe left-wing ideology media had better things to do by scaring their citizens to death because of covid
Comment from : @Horton1114

The same thing happened before they’ll borrow from china and the debt next time you check instead of being 30 trillions is going to be that plus whatever amount they ask for this time People need to wake up and smell the roses to put it simple you owned nothing chaina owns everything US is bankrupt it has been for a long time
Comment from : @jaimeortega2515

It is both republican and democratic partyI pray it becomes better
Comment from : @Hatethedevil

How can a president "change the statutory language" of a law? He may be able to change regulatory language
Comment from : @Lonnie32120031

My greatest worry is, how do we recover from all these economic and global troubles? Especially with the political power tussle going on in the united states
Comment from : @Hansonreo10144

Thank you this amazing video! a weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k
Comment from : @micheallancelot

Who’s watching that in 2023?
Comment from : @ahmedvirus123

the press is a toxic disaster and needs purged
Comment from : @toxicculture4682

WHAT A JOKE THEY ARE PLAYING WITH THE WHOLE WORLD SAD VERY SAD HAVE SOME SHAME XTIANS
Comment from : @riseofasia7683

i am a layman but this doesn't look sustainable to me what do you think?
Comment from : @mango-5424

wow, these people knew the future It took the insanity of the mega GOP to make it happen br written on 5-27-23 time will tell how stupid the GOP is?
Comment from : @NA-nr1sx

Bring back industries and improve on skills work and improve on blue collar jobs Innovate new businesses Increase tax on CCP imports to counter globalization
Comment from : @dohnlabalaba9470

hey guys, guess what happened bragain
Comment from : @NobodyImportant10

All politicians need to stop gettin any pay, benefits and live in jail house conditions until the debt is gone So sick of their greed!
Comment from : @lisapurplehayes

The swiss barely have debt sit the us situation seems a bit absurd
Comment from : @Ghfvhvfg

This is crazy -you do not keep raising the limit, you start getting out of debt Cap spending
Comment from : @user-yt1qw1sq9k

The debt ceiling and default in accordance to mobil phone debit and credit card apps is not an enforcement of an federal officer on outlawed apps not approved by majority of a credit card company treasurer or represenative
Comment from : @ScottFranklin-of3nz

Company comprehension of statues is their responsibility never having any intent to address congress or wherever for compensation of context of law is harmful for app developers and fcc administrators and their thereafter obligations throughout technology
Comment from : @ScottFranklin-of3nz

The reconciliation seems rhetorical and addressed immediately to the wrong political house or representation
Comment from : @ScottFranklin-of3nz

So the United States treasury argumenatives on distributing cards like debit and credit and insuring and certifying apps is awful with ongoing gathering of analytics and analysis through technology insurers seem to be the situated at a disadvantage may 2023
Comment from : @ScottFranklin-of3nz

Welp, here we are again lmao
Comment from : @vuldrae1638

A whole lot of nothing being said here They dont even know how to explain the actual problem, its not in their interest
Comment from : @Gh0stwhipz

CNBC corrupt national broadcasting cartelor justbrFake news at its bestbrFJB--DAILY
Comment from : @markfromgark

The old school is leaving the new school 30 trillion in debt It’s crazy that life goes from gas for 25 cent to 4 buck a gallon 🤦‍♂️
Comment from : @ken2win671

No use usd 100
Comment from : @ChoysaiFok-xy9kr

Debt ceiling is not only a backdrop for political showdown between US's two political parties, the bigger and un-published role is for the ultra-rich capitalist to harvest US citizens and the worldbrThey onow in advance every twist and turn, and benefits from the "sudden" rises and falls of share markets, bond markets, commodity markets, and everything "financial", "investment", "herging" without tangible backing
Comment from : @youtubewatcher3467

Cut congresses paycheck in half Cut their healthcare to what we "normal" people get Sell their private jets Oh look! thats half the debt gone already Decrease the government's obscene paychecks for a few more years, and watch the debt fall rapidly But this won't happen because our government is greedy as a person can be They're not worried about the country collapsing because they already own more property around the world They can just go there
Comment from : @Winterborn5

They make one and its a bailout I make one and im gonna need to post bail
Comment from : @BanishedToEarth

Thrump was right; USA shouldn't have invaded Iraq, Syria and Afganistan
Comment from : @grikurt7216

Sorry guys we lost the coin We checked the couch cusions but
Comment from : @BanishedToEarth

it's coming!!!
Comment from : @user-om4ge3li1w

As for that 1 trillion dollar coin anybody got any change?
Comment from : @gwenevalovett7227

A 1T coin? Tell me who could break that coin as tender? Do I just give the coin to a business and I can have whatever I want for life, or does it become as worthless as a penny due to inflation?
Comment from : @ragokueod

This is why I refuse to invest anymore All my money goes into a saving period No 401k, no stock, no nothing
Comment from : @dylanenglish5362

😅using credit card to pay loans credit nice 👍 👌
Comment from : @josemart6812

The bookie wins
Comment from : @Narnho459

USA CAN & WILL REPAY ITS DEBTS BY PRINTING MORE US$ THIS WILL BRING DOWN THE VALUEC OF THE $$ THIS WILL CAUSE SERIOUS PROBLEMS TO NATIONS HOLDING/OWING US$ DEBTS 🥶🥶
Comment from : @kokwahcheah1357

If USA dies of debts, it can still pay aid to ✡️ luckily
Comment from : @MrMahabh

The US is broke get ur money out this will end in a depressionbrCountries are moving away from the dollar brIts done the US will become a third world country
Comment from : @funfunyo7523

It will help America just for short term They can't avoid what is coming
Comment from : @liveNews672

Dude!!! I just had the trillion dollar coin in my pocket and now it's not there I must have lost it!!! 😵
Comment from : @JohnDoe-xd7he

Yellen and other US politicians are getting rich by the second, every time and always has been To the cost of the tax paying and law abiding US citizen, correct?
Comment from : @peterutomo483

This happens…EVERY SINGLE YEAR
Comment from : @Rocanala

a republican created crisis through tax cuts to the rich dating back to the 1980's
Comment from : @jessea3165

We will never recover we will eventually become a third world country with all the becurring between the two parties or go into a civil war
Comment from : @ralphflores8661

$1 trillion coin? Media pablum Don't even talk about this lunacy May as well get into crypto?
Comment from : @jimough2441

Hi there, 🧗🏽‍♂️ life goes onbrKeep reading the Douay-RheimsbrBible, & God will give youbrinner peace & graces
Comment from : @2WarsReligiousArmaments

I bet nothing would actually happen unless you are a lowly government employee, however the people in congress would be totally fine The congress politicians just catastrophize it because it's basically just like a bargaining chip to them They don't actually care about the debt itself more than they do about using the default fearmongering as a bargaining chip It just really pathetic stuff They just need to raise it again like always and actually get to work on getting things done instead of spinning the wheels all year The people whining the most about it are the ones who'd be least affected by it
Comment from : @bobbyboygaming2157

When no one, gives America any money, they can print Medals like candys
Comment from : @donald8066

I feel like we are currently in war with China! They are attacking us financially?😮
Comment from : @JohnnyClockdaone

Cut the Congress salary’s and fire the ones that do absolutely nothing
Comment from : @briankriz5271

I'm going to stamp an 80k brass coin to pay off my student loans I just need to make an llc that performs the same business as the federal reserve being a private company themselves, seems like a legitimate way of helping myself
Comment from : @finleycollects

I may be the crazy person in the room for asking this but shouldn’t our elected officials be operating within the fiscal budget? Either raise taxes or curb spending Spending more than we bring in creates a bigger problem for the next electe representative ad infinitum
Comment from : @hvacguy616

The right way is to cut spending drastically, cut government salaries, reduce government size, raise taxes but that seems crazy to those kindergarden polititians convinced of their worth
Comment from : @calipdis2

The US still needs put more effort to defeat it's rival Zimbabwe which has 100 trillion dollar bank note
Comment from : @devashisnanda3477

What happens if the US Can't Pay Its Debt? Easy, it kicks the can (by raising the debt ceiling) Just saved you from having to watch this video Cheers!
Comment from : @nocturneuh

America as we know it is finished All indications point to 2023 being a year of severe economic pain across the country Put that money to work right away to make it grow I knew I had to make an investment I never imagined that a few thousand dollars per month would add up However, it is I've made around $600,000 since 2020
Comment from : @stevensmiddlemass2072

Do it! Its a gimmick, but we need a start thinking out of the box The banana republicons will allow our entire economy to collapse just to stick it to Joe
Comment from : @dkpqzm

Sky is the ceiling But we still have the outer space, rite ? hahalogic
Comment from : @fvvf9569

If it happens this would be the first time the US defaulted on it's debt I don't want to imagine how bad things would be It's not going to be pretty
Comment from : @lavalampluva55401