$63 Trillion DEBT BUBBLE just Burst (Prepare for BIG Recession in 2022)

America's $63 Trillion Debt Bubble is turning into a Debt Crisis. Expect the 2022 Recession and resulting Housing Crash / Stock Crash to be even worse than anticipated.

America's total Debt Obligations are over $63 Trillion counting Consumer, Corporate, and Government Debt. Meanwhile, Personal Income is only $21 Trillion. That means the US could be in a Debt Crisis in 2022 as the Fed / Jerome Powell hike interest rates and restrict money supply.

The result is that the Zombie Companies which exist across America - those that lose money and employ a lot of workers - are starting Layoffs and could start going Bankrupt now that the days of lower interest rates and loose monetary policy are over.

Home Prices, Stock Prices, and Crypto Prices will likely crash further as a result of this Debt Crisis. There will be a lot of buying opportunities for those who have saved money and avoided taking out Debt.

Will Jerome Powell / the Fed come to save the day when the Layoffs & Bankruptcies get bad later in 2022? I don't think so. So long as Inflation remains elevated, and the unemployment rate is low, it will be difficult for the Fed to cut interest rates and loosen monetary policy.

Moreover, this Debt Bubble is across the Globe. Countries like Canada, Sweden, the United Kingdom, and China also have looming Debt Crisis on their hands. Creating the risk of a contagion effect that could create a self-fulfilling crash, regardless of what the Federal Reserve does.

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#Recession #debtcrisis

[lucaswilliams]

The FED has lost it and the sad fact is, it's pretty obvious we are headed for hyperinflation. I think stores better have tight security because when people can't afford to feed their families, things might get ugly.

[helenoliver]

We are already in a big crash Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.

[rodneywalden]

This is about forcing the middle class to spend their savings to survive and have nothing.

[ryantremblay]

I've been saying all this to my friends and family and they think I'm crazy. Glad to see someone else seeing the same things happening.

[JuanSanchez-tkvr]

This will be painful, but we NEED it to bring everything back to normal equilibrium. Income-Home Prices-Cost Of Living.

[IanThecrackerstacker]

You nailed it. Too many people with their own businesses.

[oneiljerry]

One major factor was left out is that we are seeing global inflation . I saw it in the news that most countries are all competing for parts, products, food etc. Even nations that managed their rates better are seeing major issues . The glut of money was an issue sure, but the surging demand from nation that re-opened from covid lockdowns played a larger role . Add to this pandemic-related staffing issues and the intentional global oil supply problems and its a nightmare . I known the intention was to explain inflation but that doesn’t do justice to the current inflation on a global scale.

[actorsinsider]

This data makes me feel better about the life I've lived over the last 15 years. I have struggled everyday of that 15 years while I watched everyone around me look rich. I never understood it and it made me feel horrible about myself but the truth was that the rest of the world was living a fake life while I was living in reality.

[TheU]

Yep everyone spending like they are rich, over priced homes, cars, designer clothes, vacations ect... It seems as if no one is working but yet they are all loaded. At some point this had to end and it looks like it will end badly. Great video as always Nick.

[godsson]

I love this Channel. Am glad the channel is growing and getting all the attention it truly deserves.

[realestatemindset]

Nick always staying two steps ahead. Absolutely genius. To many businesses not enough employees. 🤯 Thank you PPP loans.

[jorgerivas]

I agree on a serious recession and, yes, we are in uncharted waters. However, I'm not sold on the idea of an inflationary depression. Half of the world's population now has gold or asset-backed currencies. The west lags behind the rest of the world. Now that the Fed is subsumed into the U.S. Treasury, it will be neutered in terms of the damage it can do. Historically, the Fed shares most of the inflationary blame for the gap in prices and wages. The Fed is controlled by foreign interests who do not answer to the American people. I envision more of a deflationary depression when the dust settles as forecast by top economist Robert Prechter. In that case, hard assets and securities all fall, even precious metals because demand for everything comes to a screeching halt. However, countries with asset-backed currencies will be in a more stable position with greater fiscal discipline. Once the west adopts gold-backed currencies in the near future we will avoid an entire global system collapse which would put us into a new dark age as was warned by the greatest economist of the 20th century.

[marshalepage]

When I was young I was raised by my great grandmother until she died when I was 8 years old she told me to prepare for a depression she was born 1900 she was 89 when she died in 1989. I prepared by saving and living well below my means my whole life.

[Comando]

When people ask me why I still live with my parents while I have a good engineering job and don’t have student debt this is why I’m preparing for this

[flipflopsurfer]

Yes we never recovered from the financial crisis of 2008 structurally. Homes trampoline and quadrupling in value is not normal. High interest rates will affect our debt servicing as a nation.

[Sk-ctmw]

No worries here, wifey and me are retiring in 3 months @ 60 with no mortgage, car loans & no credit card debt with 50 k in cash & investments. Bottom line is don't buy what you can't afford, work hard & investment wisely 👌

[andyhughes]

So, we never did recover from the 2008 Great Recession (some say it was indeed a downright Depression) but just kicked the can down the road.

Now we can no longer do that and that is why the economic collapse will be even bigger than 2008.

Small wonder, the only way to a viable economy is to produce tangible things to sell.

We haven't been doing much of that since the early 1990's by moving so many factories overseas.

[worndown]

Remember the old lending tree commercials from 2005 where there was this guy name Stanley Johnson, and they asked him how he did it. 2 brand new cars, swimming pool, beautiful green lawn. He answers, "I am in debt up to my eyeballs. I can barely afford my finance charges." We are literally worse now than when those commercials came out.

[Adroit]

I've been trying to tell my friends about this problem since 2002 when I was in highschool.... It's been fun and scary to watch.

[adventurebabyboomer]

Nick your content is utterly fascinating and seems well curated from reliable sources. I believe you are the best R/E You Tuber out there. Thanks for all you do.