1 year ago

Get the "Ultimate Guide to Bitcoin" course:
https://www.trader.university/courses...
Use the discount code YT99 to get the best price.

In this video, I discuss the US debt ceiling debate in the context of US unfunded liabilities and foreign buyers' decreasing interest in owning US debt.

Ultimately, all US unfunded liabilities will need to be funded by US Treasury debt issuance, and that debt will be purchased by the Fed, ballooning the Fed's balance sheet to $100 trillion and beyond.

There is no other way out, now that total US government debt has grown so far beyond the size of the US economy which is meant to service that debt. Fiat devaluation and money printing is the path that will be taken.

US debt has no ultimate ceiling, just as fiat money has no floor. The US government and Fed will ultimately print to infinity as they try to remain afloat.

Debates about debt ceilings are pure political theater that is meant to distract voters from these fundamental structural issues.

Not investment advice! Consult a financial advisor.

What Is Bitcoin's Ultimate Price Target?
https://www.youtube.com/watch?v=1ugK2...

US debt ceiling crisis:
https://www.brookings.edu/2023/01/25/...

US total public debt:
https://fred.stlouisfed.org/series/GF...

Yellen warns of debt ceiling "catastrophe" for U.S. and beyond:
https://www.axios.com/2023/01/28/yell...

US debt clock:
https://www.usdebtclock.org

Social Security cost of living adjustments (COLA):
https://www.ssa.gov/oact/cola/latestC...

Major foreign holders of US Treasuries:
https://ticdata.treasury.gov/resource...

Watch the Fed's balance sheet grow:
https://fred.stlouisfed.org/series/WALCL

1996 debt ceiling crisis:
https://www.nytimes.com/1996/01/28/us...

2011 debt ceiling crisis:
https://en.wikipedia.org/wiki/2011_Un...

2013 debt ceiling crisis:
https://en.wikipedia.org/wiki/2013_Un...

2023 debt ceiling crisis:
https://en.wikipedia.org/wiki/2023_Un...

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.

#usd
#debtceiling
#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.

Loading comments...