America's Fiscal Death Spiral: Cut Spending, Raise Taxes, or Money Printing? ft. Peter St Onge
In this video, Peter delves into an alarming new article that discusses America's current fiscal state. Charles Hugh Smith warns of a fiscal meteor that could trigger a financial collapse and social disorder, echoing Ray Dalio's similar prediction. The article argues that the deficit, fueled by uncontrollable spending and a compounding $32 trillion national debt, is spiraling out of control. Tax revenue would plummet with a potential recession looming, exacerbating the deficit even further.
Peter St Onge from @Profstonge has granted us permission to upload this video for our audience.
Peter's Twitter: https://twitter.com/profstonge?s=20
Peter's Substack: https://stonge.substack.com/
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DISCLAIMERS/TERMS/RULES:
► I am not a professional financial adviser, nor do I offer financial advice. This video is for entertainment only. Please consult your investment and tax experts for financial advice.
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