Economic Update: How Deficits and Debts Rip Us Off

[EU S14 E29] How Deficits and Debts Rip Us Off

On this week’s Economic Update, Professor Wolff devotes the entire program to explaining clearly and accessibly what government deficits are, why they occur, and who benefits from them.

We show how deficits and debts reward corporations and the rich at the expense of the mass of employees. This show will equip our audience to see through the misuse of deficits and debts in the 2024 election campaigns.

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[nicolasbenson]

The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenbook. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag...

[uturniaphobic]

They're called Bonds but the the real word is bondage. they sell our bondage and collect it in the form of "taxes".

[Dyk]

What is the best way to make money from crypto trading?

[momo]

More Americans should listen to this instead of listening to the politicians and mainstream media. Good job Professor!

[alansharp]

A top quality presentation, and every word true. Many thanks.

[kennysamuel]

Professor Wolff, you a natural born teacher. Your work is highly appreciated.

[daniellahootian]

Thank you professor. regards from Sweden ❤

[DavidMoore]

*If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation*

[carlitaticconi]

There is no doubt that the government is serving the corporations and the rich but it's also important to remember the effect of the money printing, fueling asset bubbles and inflating away that debt by making us work much harder for necessary goods and services.

[jeffdorris]

Something he forgot to mention is that most bonds are tax free profits. Meaning that you dont have to pay federal taxes on the interest earned from the Bonds that you own. From loaning the government money.

[angelicafrancisco]

We are all stuck, between a rock and a hard place in this years 2024 election between two hustlers .
We have all been bamboozled .

[M.M.Alam.Liberty]

Among the best and honest scholars is Dr. Wolff. Thanks

[godfatherofcinema]

Fantastic analysis, Mr. Wolff, I’d really appreciate it if you could do an entire show on the lottery I always tell people you never see rich people winning the lottery because they don’t play the lottery

[billfrenger]

Thank you Professor Wolff. How much of the government debt. is from military and war spending? Why don't the American people have a say in how much is spent for military and war?

[boulou]

This video should be taught in schools across the globe.

[greatestoneeva]

thanks for doing what you do Dr Wolff. bless up.

[ZoomedOut]

Very well done Dr. Wolff…
Thanks to Lena for the suggestion..❤❤❤

[breft]

The truth is agonizing, isn't it? Thanks, Professor!

[Vanzee-fbxb]

Hallelujah The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻. I was owing a loan of $49, 000 to the bank for my son's brain surgery, Now I'm no longer in debt after I invested $11, 000 and got my payout of $290, 500 every month…God bless Mrs Susan Jane Christy ❤️

[.MHz]

When printing money, the people who first have access to it get to use it in the uninflated economy, then it loses value with each next use