Guest
Amid concerns of an impending fiscal crisis in the United States, Joe Brown from @HeresyFinancial discusses the alarming levels of debt, which could surpass $200 trillion when including off-balance liabilities. The current debt situation, exacerbated by low interest rates and unsustainable borrowing, poses a significant risk. With the government struggling to cover its expenses through taxes and relying heavily on borrowing, the country faces a potential financial catastrophe that could lead to defaulting on debt or printing money, both of which might result in inflation or deflation. Furthermore, we delve into the role of central banks, focusing on the Federal Reserve, and their impact on the economy. The discussion highlights how the Fed's actions, meant to stabilize the economy, have instead brought about unintended consequences, gradually weakening the economic foundation. We also explore historical attempts to establish central banks, their involvement in funding wars, and the emergence of central bank digital currencies (CBDCs). While CBDCs promise precise control, they also introduce potential risks such as economic instability, reduced privacy, and increased authoritarian control. The prospect BRICS initiating a return to gold-backed currencies is also considered, though challenges and uncertainties surround such a transition. 🔘 Follow Joe Brown: YouTube: @HeresyFinancial Twitter: 🏆 Open an account at GoldRepublic and receive one free gram of gold: 👉 🗓️ Recording date: 03/08/23 🟠 Buy and store physical allocated gold, silver and platinum. Want to open an account directly? Click on this link: 📲 Download the GoldRepublic app: - Google Play: - Apple Store: ⏰ Topics ⏰ ⚠️ DISCLAIMER ⚠️ The views and opinions expressed in this program are those of the speakers and do not necessarily reflect the views or positions of any entities they represent. The information provided in this video statement is not an offer, investment advice, or financial service. It is also not intended to encourage you to buy or sell a product or to purchase a service from GoldRepublic, nor as a basis for an investment decision. A decision to invest in a GoldRepublic product can and may only be based on the information contained in a final prospectus and any Key Investor Information and other information about the product concerned (such as annual or semi-annual results). This information is available on the website (). If necessary, call in an advisor. #usa #debt #crisis
