US Debt is an “Unstoppable Train” - Is The Dollar Collapsing in Real Time?
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Top Comments (10)
Consumer debt is on the rise in America, fueled by soaring inflation and economic uncertainty. Credit card debt increased by 30% in February alone, while interest rates have doubled in the past year. Many consumers are turning to credit cards to cover basic living expenses, creating a dangerous cycle of debt. Wild times!
The debt bubble is a time bomb and it's ticking faster...
The human capital issue in the US is worse than lynn is suggesting. It's not just that we don't have people trained in this or that. The latest generation are having trouble reading and what I'll call "numbers".
Anything less than a balanced budget is unacceptable.
Appreciate you all tuning in for this episode! If you enjoyed it, then you'll love my FREE weekly newsletter where I cut through the noise and uncover the forces shaping power, money, and influence. You can sign up for it right here: https://2ly.link/211gx
In 1946, Keynes (then in the UK Govt) decided AGAINST devaluation, because the UK economy was in tatters & exports couldn't increase even if prices were lowered. The situation in the US is worse - 1 or 2 generations either moronified or playing parasitic FIRE games & a 'health care' mafia that leaves Al Capone in the dust. To put up tariffs (selective devaluation) will mostly raise import prices & give even more money to government coffers. We need a multi-year policy that STARTS with rebuilding & retraining, rewards companies that move back and reigns in the parasites - with a plan to impose tariffs in the future when domestic supply is in place... Otherwise we face BIG BEAUTIFUL BANKRUPTCY
Great volume! Had to turn it down on my phone. 😊
Alden one of the best financial voices we have right now. She brings a lot of global historical knowledge with a real understanding of the modern financial system.
"Crack you open" is crazy work 😅
Lyn keeps me level much appreciated. how does she get all this information?
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Top Comments (10)
Consumer debt is on the rise in America, fueled by soaring inflation and economic uncertainty. Credit card debt increased by 30% in February alone, while interest rates have doubled in the past year. Many consumers are turning to credit cards to cover basic living expenses, creating a dangerous cycle of debt. Wild times!
The debt bubble is a time bomb and it's ticking faster...
The human capital issue in the US is worse than lynn is suggesting. It's not just that we don't have people trained in this or that. The latest generation are having trouble reading and what I'll call "numbers".
Anything less than a balanced budget is unacceptable.
Appreciate you all tuning in for this episode! If you enjoyed it, then you'll love my FREE weekly newsletter where I cut through the noise and uncover the forces shaping power, money, and influence. You can sign up for it right here: https://2ly.link/211gx
In 1946, Keynes (then in the UK Govt) decided AGAINST devaluation, because the UK economy was in tatters & exports couldn't increase even if prices were lowered. The situation in the US is worse - 1 or 2 generations either moronified or playing parasitic FIRE games & a 'health care' mafia that leaves Al Capone in the dust. To put up tariffs (selective devaluation) will mostly raise import prices & give even more money to government coffers. We need a multi-year policy that STARTS with rebuilding & retraining, rewards companies that move back and reigns in the parasites - with a plan to impose tariffs in the future when domestic supply is in place... Otherwise we face BIG BEAUTIFUL BANKRUPTCY
Great volume! Had to turn it down on my phone. 😊
Alden one of the best financial voices we have right now. She brings a lot of global historical knowledge with a real understanding of the modern financial system.
"Crack you open" is crazy work 😅
Lyn keeps me level much appreciated. how does she get all this information?