Why Can't We Just Forgive All The Debt? (Plus a Fed Emergency Meeting Update)
𝐆𝐄𝐓 𝐓𝐇𝐄 𝐁𝐈𝐓𝐂𝐎𝐈𝐍 𝐂𝐎𝐔𝐑𝐒𝐄➜➜➜
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Use the discount code YT99 to get the best price.
In this video, I discuss the complications involved if the US government were to cancel some of its own debt, as part of a debt jubilee.
A US Treasury (government bond) is a liability of the US federal government, but it is an asset for those who hold them-- and that includes a lot of retirees and pension plans.
If you cancel the debt, you are basically stealing from ordinary people who have put their retirement savings into Treasuries.
Governments and their politicians will always choose instead to have the debt monetized by the central bank. If there is too much debt and not enough buyers, central banks will step in with printed money to buy the bonds.
This devalues the currency over time and destroys purchasing power, but it is a form of silent theft that doesn't get politicians thrown out of office in the same way that a default would.
Markets are rallying strongly after the Fed emergency meeting yesterday, suggesting that something more substantial than debit cards was discussed at the meeting.
Not investment advice! Consult a financial advisor.
US total public debt:
https://fred.stlouisfed.org/series/GFDEBTN
Chart of debt/GDP:
https://fred.stlouisfed.org/series/GFDEGDQ188S
Debt Jubilee:
https://en.wikipedia.org/wiki/Jubilee_(biblical)
Bank of England pivots to protect pension funds:
https://www.ft.com/content/756e81d1-b2a6-4580-9054-206386353c4e
Fed emergency meeting press release:
https://www.federalreserve.gov/newsevents/pressreleases/bcreg20221003a.htm
Sunshine Act:
https://www.acus.gov/sites/default/files/documents/17%20Government%20in%20the%20Sunshine%20Act%20Basics.pdf
Check out my online trading courses:
https://www.trader.university/join
Use this secret coupon code to get a discount: YT99
Check out my Amazon best-seller, "A Beginner's Guide to the Stock Market":
https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#debt
#treasuries
#bitcoin
Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
-
6:48
Bitcoin University
7 months agoSatoshi's Sneaky Supply Schedule (Bitcoin)
6996 -
57:14
The StoneZONE with Roger Stone
3 hours agoDemocrats Panic As Trump Delivers Historic Unity Speech At RNC | The StoneZONE w/ Roger Stone
3.06K3 -
3:58
John Rich Official
10 days ago"Revelation" by John Rich featuring Sonya Isaacs
102K198 -
MissesMaam
5 hours agoGrinding Achievement + Perfection | Stardew Valley 💚✨ pt. 38
50.3K12 -
59:17
Lee Camp
8 hours agoBREAKING: Yemen Strikes Tel Aviv! + US Declares Aid Pier FINISHED
61.8K -
1:04:35
In The Litter Box w/ Jewels & Catturd
20 hours agoFight! Fight! Fight! | In the Litter Box w/ Jewels & Catturd – Ep. 608 – 7/19/2024
91.4K38 -
1:42:54
Revenge of the Cis
5 hours agoMovie Riff: Apocalypse 4 Judgement
66.1K3 -
1:04:58
Exploring With Nug
9 hours agoUnsolved: The Disappearance of College Freshman Justin Gaines
65.4K7 -
2:04:58
TENET Media
7 hours agoTrump Assassination BREAKING Woke TV w/The Quartering | The Culture War with Tim Pool
66.4K15 -
1:32:41
Robert Gouveia
11 hours agoSecret Service COMPLICIT; FURIOUS Senators Confront Director; New Timeline DEMOLISHES Cover-up
103K297