The US Borrowing Plan for 2024 is Insane

I teach active investors how to get higher returns with less risk by learning how markets actually work.

TIMECODES
0:00 Video Overview
0:47 National Debt Projection by 2024
3:45 Treasury General Account
7:07 Higher Yields Incoming
10:01 Government Borrowing is Accelerating

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.

[idngeqh]

I hate to get emotional, but it makes me so angry that I get endless taxes, fees and work so hard to manage my personal finances responsibly to stay ahead of crazy interest rates, credit scores, predatory fees and general life costs - but then the gov (both sides) just gets to go and borrow borrow borrow borrow. AND, I feel like I get absolutely nothing new for it.

[buddykerr]

Buying a 30 year treasury is like reserving a banquet hall for your 70 year old friend's 100th birthday party even though he has diabetes, failing kidneys and COPD.

[barsoom]

Current debt is $33.689T .. When the debt collapses, so will the USD, US government and 50 state Union.. Nothing will be the same.

[RaptureHead]

Literally national debt doubled in a decade. I can’t

[jeffreymarshall]

In the last 40 years, taxes have been $32, 000, 000, 000, 000.00 short of spending. Let that sink in and what it means for the future.

[persius-tm]

This will end Badly! especially for the Taxpayers and poor

[geminiXXX]

Is it possible that USA is counting on the current system to collapse so they want to squeeze as much value from it at the end as possible?

[infonomics]

According to the National Debt Clock, government (federal, state and local) debt-to-GDP ratio of 135% is the worst in history (230+ years). That ratio is projected to be 165% by 2027 and 236% by 2030. 236%! That is, almost 2.5 times the economy. Government debt almost 2.5 times the economy. Muse over that.

[fenril]

We are going to need a convention of states at this point in order to force them to make cuts and balance the budget. We need a new set of rules that congress has to follow when approving any new spending.

My proposal would be a set of constitutional amendments to enforce:

1. Any spending which is deficit spending must be passed as an individual bill and be passed by a 3/4 vote of congress.
2. All foreign aid must be stopped while we are running a national deficit.
3. Any federal bureacratic agency which fails to pass an audit twice in a row must be restructured including mass layoffs.
4. Reform Federal Reserve as a constitutional amendment. Federal Reserve chairs become elected representatives. Federal Reserve's dual mandate is removed and replaced with their original mandate which is to control inflation only.

These are just a few of the things we desperately need to be considered and ratified at a constitutional convention. Our representatives in congress have proven that they have no serious interest in stemming the tide of spending at all.

[ericblust]

Quantitative Tightening for the Serfs, Quantitative Easing for the fedcoats and banksters.

[SandwichKing-ljej]

The pic of yellen laughing on video thumbnail is hillarious

[derekebesujr]

I love my country, but I am popping my popcorn 🍿 and watching this whole mess unfold with a grin on my face.

[dynodon]

Preparing for CBDC and elimination of dollar debt. CBDC will reset government debt to $0.

[mattjenkins]

Excellent breakdown as always, Joe! Thank you, sir!

[geomaticist]

Excellent content. I signed up for your paid content. And I do not regret it. I learned finance and economics in college. Have been a trader. Lot of experience. And yes I am finding your portfolio allocation and methods as NEW to me. My instinct is this cannot sustain, the current mess in our economy. And I have been trying to figure out how to prepare and lose less. Your content is a God send. I am working through it quickly. I am looking forward to better under understanding how to leverage to protect against what might be a coming market drop. But in meantime getting into better positions for this new market. THANK YOU! Also, your content is so well made it is fun to watch. If not also depressing - ha ha. Anyone reading this - the paid content is worth it. I was skeptical.

[windrider]

I love how we just accept the government adding $2 trillion in debt a year. It doesn't seem to sink in how much that is. It's $63, 419 per second, yes $63, 419 A SECOND!!!! Or $6, 250 for everyone in America. This is money they are spending after spending $4.4 trillion. 1/3 of government spending is borrowed money. How long can they play this game folks!!!

[acethirsk]

We need major spending cuts across all levels of government including for welfare and entitlement programs and these student loan forgiveness programs too. It should be mandatory to balance the budget if not post a surplus.

[guytech]

What I see for 2024 is another financial crisis, resulting in interest rates dropping back down (back to ZIRP) and a whole lot more borrowing as the gov't uses stimmies to avoid a depression. I see a wave of bankrupcies, huge layoffs, and deflation at least of illiquid assets such as real estate. The recession probably should have begun this fall, but it appears to be delayed do to massive gov't borrowing & spending during the summer as well as people rushing to buy homes before interest shot up. At this point home sales are finished as mortgage rates are too high & its also the end of the buying season. It probably won't take much to send home prices tumbling.

[rajkc]

These numbers are so crazy most of us can't even comprehend it. Someday the dollar has to be devaluated to next to nothing as money becomes just numbers (or digits).

[charliehoss]

Heaven looking better and better by the day