The US Debt Crisis (explained)

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[Peterl]

The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.

[kortyEdna]

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

[Riggsnic_co]

Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

[piercesrail]

I always enjoy tuning in to these data- driven videos. Quite clear and concise, they make my day when I see a new one is posted!

[MBarberfanlife]

We already crossed the threshold. Inflation is a tax

[matthewjames]

the US debt isn't itself the problem--the problem is the economic distortions this debt fuels.

[GuyIncognito]

It's very immoral how debt got kicked up to federal level, making people who didn't take it on responsible for it. This country makes me sick sometimes.

[penguins]

Thank you for making these videos. I can't thank you enough. I don't participate in any markets, I just like watching and learning. Your videos help me feel comfortable enough to pursue business classes. Thank you.

[hersdera]

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 greenback. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag...

[raymond-iv]

Since the debt crisis could unleash carnage on the stock market leading to economic downturns. We need to be prepared for potential market volatility. how can I secure my $80K stock portfolio against declining?

[KimberlyO.Kitchens]

We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680, 000 savings vanish after putting in so much effort to accumulate them.

[BangMaster]

Once you turn on the Money Printer, it is very addicting to keep it going and hard to turn it off. No body wants to go through hard financial times, no body wants to go broke, no body wants to work hard to actually make real income, the Government wants to print and spend Money, Businesses & People want to borrow and spend Money.
It's all just borrowing from the future to spend in the present like drunken sailors. Someday, the chickens will come home to roost.

[WildDisease]

Climbing debt will result in what? More climbing debt!!! Winning strategy 👐

[Tmileman]

Excellent presentation Eric. I began following you on SA years ago and am delighted to see you on Youtube.

[MorganBrown]

Fascinating. Total debt up to 1980 had a steady floor 150% of gdp. Total debt from 2007 to present has a steady 350% floor. You didn’t really discuss the steady transition from 150% to 350% and its implications for how we got to where we are. 1982 to 2007 would appear to be the most benign period of “growth”, ignoring the tech bubble bursting. But total debt nearly tripled during that time! Thoughts?

[garrettw]

Really nice video, I certainly learned some things. I think you can improve in plot readability and taking more time to define things like multi-family or 1-4 family debt to increase accessibility of the video. Also explaining why some things are good or bad would be helpful, since most of the video is just numbers.

This was my first video of yours I've seen and i plan to continue watching.

[rerownik]

Public debt is also private debt - who pays it back, the people by paying taxes and inflation:-)

[dirk.no-whisky.u]

Incredible level of research and presentation, guys! Subscribed from the very first video i came across, and have not been disappointed

[whatwherethere]

Who owns the debt? Debt is always someone else's asset.

[davehugunin]

Solid work - Congratulations on 100K Subscribers !!