Latest / Earn Your Leisure / The Alarming TRUTH About The US Debt Spiral
Transcript
- 0:00Speaker 1: Let's talk about the US debt spiral alarming that I
- 0:06Speaker 1: want to get.
- 0:08Speaker 2: I just want to ask a question, do okay like
- 0:13Speaker 2: not saying that he's a great president, because I'm arguing
- 0:15Speaker 2: that he may be less evil than Trump. So when
- 0:19Speaker 2: Bush left office, that's GDP was at thirty five. In
- 0:22Speaker 2: two thousand and nine, it was at eighty one point
- 0:24Speaker 2: five percent. Some animals say the normalized rate for the
- 0:28Speaker 2: debt to GDP ratio in twenty thirty five will be
- 0:32Speaker 2: three hundred per Do you think spending will ever come
- 0:36Speaker 2: back down or what's the new norm that we should
- 0:38Speaker 2: be facing, Because if we're going to be very honest,
- 0:41Speaker 2: the power of the dollars went away dramatically. Just in
- 0:45Speaker 2: our lifetime, spending power has decreased. Do you think we
- 0:49Speaker 2: ever get back to a normal cycle or do you
- 0:52Speaker 2: think the spiral continues off ever? And let's just talk
- 0:56Speaker 2: like it's us at dinner, no audience.
- 1:03Speaker 1: It's never gonna stop. Never will it stop? That I mean,
- 1:08Speaker 1: I don't want I know he was gonna say it,
- 1:09Speaker 1: so I didn't want to say it. Yeah, I don't
- 1:11Speaker 1: have that's what we do.
- 1:14Speaker 2: It's scary and the rate of acceleration is is just
- 1:19Speaker 2: post COVID like, well.
- 1:24Speaker 3: I think Ray Dally will put a post up, but
- 1:26Speaker 3: he said the New World orders already happening. It's already
- 1:28Speaker 3: in and we can call this in detail in Blackout
- 1:31Speaker 3: as well. But yeah, I mean, you know, we have
- 1:32Speaker 3: massive debt, starting another war just so you don't have
- 1:36Speaker 3: to release Epstein files. That's gonna be billions of dollars.
- 1:39Speaker 3: The amount of money that's gonna be spent on the
- 1:40Speaker 3: Iran debacle. That's gonna be another debacle for no reason.
- 1:45Speaker 3: You're just finding ways to spend money. China, when's the
- 1:48Speaker 3: last time China invaded the country? Put in chat Yeah,
- 1:56Speaker 3: when's the last time China has been engaged in a
- 2:00Speaker 3: in a war mm hmm or full fledged military operation
- 2:09Speaker 3: outside of the borders of China or inside the borders
- 2:11Speaker 3: of China? When was the last time? Is that that
- 2:13Speaker 3: that's happened? Because they're focused on building their economy and
- 2:19Speaker 3: we're focused on just doing completely idiotic things for no reason,
- 2:26Speaker 3: Like the Iran thing, that's really for that's not even that's.
- 2:29Speaker 1: For no reason. They have no nuclear capability.
- 2:32Speaker 3: You already ruined that their nucle capabilities and the only
- 2:35Speaker 3: reason why they even had the nuclear capabilities to begin with,
- 2:37Speaker 3: is because you renigged on the deal that was already
- 2:40Speaker 3: in place for them to de escalate the nuclear capabilities.
- 2:43Speaker 3: So you this doesn't even make any any sense at all.
- 2:46Speaker 3: They have you literally we already we already took care
- 2:49Speaker 3: of the nuclear situation in Iran.
- 2:50Speaker 1: Why are you even doing this?
- 2:52Speaker 3: It's going to be so much money spent, even if
- 2:53Speaker 3: there's no military boots on the ground, just to send
- 2:58Speaker 3: the ships over there is like a half a billion
- 3:00Speaker 3: dollar operation.
- 3:03Speaker 1: Trips new technology and Powell, yeah, yeah, it makes it.
- 3:09Speaker 3: Literally there's literally no reason for us to even be
- 3:14Speaker 3: thinking about Iran right now.
- 3:16Speaker 2: Well, there's a reasonable we can't tell what to you
- 3:25Speaker 2: five not on our goorth in and that we won't
- 3:30Speaker 2: in comparison, mm hmm, countries will load debt to GDP
- 3:35Speaker 2: Saudi Arabia twenty to twenty seven percent, Norway thirty percent,
- 3:39Speaker 2: Switzerland thirty to forty percent, Indonesia thirty nine percent to US.
- 3:46Speaker 2: Not just third world countries that have load dead to GDP.
- 3:51Speaker 2: Saudi Arabia and Switzerland has found a way to not
- 3:55Speaker 2: inflate their way and move their debt to GDP to
- 3:59Speaker 2: almost two hundred per sand, which is incredibly scary