This is What a Sovereign Debt Crisis Looks Like

TIMECODES
0:00 Intro
2:05 How the Free Market Works
5:59 How the Government Takes Money
13:10 Government Has 4 Choices

Important Links:

Affiliates & Partners:

Socials @HeresyFinancial

I am not a CPA, attorney, or licensed financial advisor and the information in these videos shall not be construed as tax, legal, or financial advice from a qualified perspective. Linked items may create a financial benefit for Heresy Financial.

[NaragonSpencer]

*Money is not meant to control people, rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place*

[hzilla]

My three axioms of govt:

1.) It always gets bigger.
2.) There is never enough money.
3.) It will do whatever it takes to get more money.

[cljerjr]

Ron Paul warned us about this 30 years ago

[a.cameron]

When you pointed out that a return to 2018 spending levels would stabilise the problem, but "we all know they aren't going to do that", it reminded me of the last time someone suggested a government budget cut here in the UK of less than 1%: the whole ruling class soiled themselves and that prime minister lasted less time in office than you can store a lettuce in a fridge. That last part was not a metaphor.

[mlbaker]

The reality is that paper can't back paper. So all government debt is technically worthless. The yen is the bond and the bond is the yen. The definition of an asset is that which gives you future economic benefit. So if you buy a bond and it pays you back currency that has lost its purchasing power, and upon redemption that which you get back is considerably less valuable due to loss of purchasing power. Therefore a government bond is absolutely not an asset. It's a piece of paper that is masked as an asset but in fact it's losing value every day. That's what a debt crisis truly is. It's simply covered up by Jerome and Janet.

[herbhoover]

"If the American people ever allow private banks to control the issue of their currency,
first by inflation, then by deflation, the banks and the corporations which grow up
around them will deprive the people of all property until their children wake up homeless on the
continent their fathers conquered". Thomas Jefferson 1787

[JodiNadeau-upou]

The whole debt slave system needs to go.

[beebee]

12:04 I noticed Robert Kennedy talking a lot about the National Debt and debt-service (interest) as a major issue that needs to be addressed immediately. The statistics he noted: interest payments ALONE (debt service) are more than the entire US defense budget, and that if there is no meaningful solution to paying it down, in 5 years from now, the projection is that 50 cents of EVERY tax dollar collected will be for interest payments ONLY (servicing the Debt). I later looked up this info to check for accuracy and those numbers are validated by various government and sites and, to my surprise, those are actually conservative estimates 🤯🤯

[jaymarcase]

19:16 what he explains also highlights why the government is bringing in so many migrant workers.

[ndcygatorssummer]

Federal debt to GDP looks like a classic Cup & Handle pattern playing out. Scary

[r.s.]

I used to rail about the deficit since the 80s. I can't believe the numbers we are racking up now. Surreal.

[Leonnig]

Although I have interests in global economics I don't watch the news anymore... I have enough FUD lol. Thanks for this news and offering your insight on how to navigate during unfortunate times/events like this. You're right about keeping level headed when investing so that's why I think it's important to limit the amount of FUD we consume. I don't watch the media but the news that you present has enough to know issues going on without riding the emotional rollercoaster if I were to watch the news everyday. Now I buy and just trade long term more than ever, I have made over 16 btc from day trading with Francine Duguay in few weeks, this is one of the best medium to backup your assets incase it goes bearish.

[PackMan]

The last time the US debt was this high, we cut spending 70% in a matter of a year or two. Granted, most of that was military spending.

[CommeradeZhukov]

Gold is currently sitting at $2359, when those stimulus checks started coming in 2020 i saw the writing on the wall and spent my savings and stimulus check to buy gold which was at $1720 at the time, thats a 37 percent devaluation of the dollar in 4 years and i expect it to get even worse.

[adambandurak]

How many billions went to the Ukraine over the past year?

[capitalallocator]

Glad you launched a newsletter, have been waiting on that!

[shermantse]

I learned this when I played SimCity as a 14 year old. I built big schools, hospitals, roads, police stations without considering about the actual need and the population level. I ran out of money and I was advised that I can tax more or reduce spending. Reduce spending? Hell no! I am doing "good" for society. So I raised taxes. I then spent more and wanted to build a huge stadium for entertainment. I was told that I can issue a thing called bonds. Lacking financial education I issue bonds that I didn't know that I need to pay back. At the end I defaulted. People voted with their feet and I saw my city's population in constant decline while the neigbouring city was thriving.

[oliverallen]

"How the Free Market Works" segment is the entire argument for using bitcoin as your everyday currency.

[Post-Trib]

"When your expenses exceed your income, maintenance becomes your downfall"

[rhysgerwin]

Got a sub when you accurately described how the government takes your money.