#USA in #CRISIS as #DEBT hits 31 TRILLION_DEBT_CIELING?? (#GROSS_FINANCIAL_MISMANAGMENT!)
#MEMORY_LANE #Cash_Runs_Out on the 19th January & Default Looms |
#US_Treasury Secretary #Janet_Yellen (AKA #CROOK #FUNDING #FAKE_UKRAINE_WAR..) has written to Congress advising that the USA is due to hit the maximum $31 Trillion Debt Ceiling on 19th January 2023 and unless the Limit is Increased the USA is likely to DEFAULT on its Debt Obligations by June.
This would be the first time????? in history????? (NOT COUNTING THE REPETITIVE #NATIONAL_FEARMONGERING due to #GROSS FINANCIAL #MISMANAGMENT!!) that the USA has Defaulted and would have major repercussions for both the USA and the Global Economy. In this video I provide more details on the Debt Ceiling, look at the current debt position, review Janet Yellen's letter, the implications of a USA default and discuss the likely outcome.
Chapters:
0:00 Intro
1:55 USA
5:10 USA DEBT
6:57 USA DEBT HISTORY
8:02 LEVERAGE
10:01 USA DEBT HOLDERS
11:09 INTEREST COSTS
13:22 CURRENT DEBT
14:34 JANET YELLEN LETTER
18:35 SUMMARY & CONCLUSION
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