I've seen so many videos about America going bankrupt that it's really making me wonder how we're leading the global economy
@SilverVolo
2 жыл бұрын
Propaganda
@andrewdoesyt7787
2 жыл бұрын
Because we have the most advanced technology, hard workers, immigration from talented people, etc. Federal government does not mean private companies.
@gingerlicious3500
2 жыл бұрын
Lol we definitely are.
@derrickjenkins2455
2 жыл бұрын
the petro dollar as the world's reserve currency.
@justinschmitt5850
2 жыл бұрын
As surreal as it sounds, even with all its flaws the US economy still seems to be the most competitive on large scale. Shows how inefficient other systems really are 😐
@raylopez99
2 жыл бұрын
Fun fact: Argentina defaulted about 7 times and no adverse affects after an initial jolt. The same will IMO happen in the USA. Lenders however are suckers, and always come back to lend even more after a short adjustment period. The other option to default is hyperinflation, which also might happen since central banks can print money out of thin air.
@hgentil
2 жыл бұрын
funner fact: In the 1890s, Argentina was the richest country in the world.
@mikewinstanley4360
2 жыл бұрын
Fun fact defaulting and going bankrupt are two separate and different things
@rainfang1992
2 жыл бұрын
Argentina is still a poor country, vs plenty of other poor countries who become rich (a lot of the Asian ones). I'd say that Argentina is suffering for it's poor fiscal management
@tracybalboa7834
2 жыл бұрын
@@hgentil XD it was the UK You fool, arg never important Even in their region
@ahzaadhwa7614
2 жыл бұрын
If us defaults and bankrupt, the global economy is gone as we know it
@JCG-049
2 жыл бұрын
Person: "So how can we pay off our debt" Employee 1: *tax the homeless* Employee 2: *Raise everyone's taxes by just enough to pay the debt* Employee 3: *just print more money* y e e t
@henrygustav7948
2 жыл бұрын
Person 1 - what is this debt that everyone is saying we need to pay off? MMT economist - they are the treasury bonds ie savings accounts held in the Federal reserve. We pay them off by debiting a savings account and crediting a checking account. Person 1 - Don't we still have to raise taxes to pay off the debt? MMT economist - no, taxes are not used to pay for anything, not to pay off debt, not to pay for programs. Person 1 - so we can't just print more money? MMT economist - we don't print money when we pay grandma her social security. We have the central bank the Federal reserve credit say Bank of Americas account held at the Fed. Then Bank of America credits her bank account. There is no plethora of options for the Federal government to spend. It spends one way and one way only and that's by crediting bank accounts. When it taxes it does the opposite, they debit a bank account, then they debit bank of Americas account at the Federal reserve. Where does the money go? It gets deleted and taken out of the economy.
@birdn4t0r7
2 жыл бұрын
@@henrygustav7948 i don't think that's how money works
@henrygustav7948
2 жыл бұрын
@@birdn4t0r7 That is as straight forward an explanation as one can get. Money is a creation of Governments. Money is a debt, Government's ability to coerce people with taxation makes its debt instrument the highest form of money in a country.
@JCG-049
2 жыл бұрын
@@birdn4t0r7 That's why its funny
@WarPigstheHun
2 жыл бұрын
If only we could lower prices globally...
@joesphcu8975
Жыл бұрын
In my opinion, the remedy to weather this recession and high inflation is short-term trading, as opposed to long-term, most folks using these techniques are netting a ton of gains, sure the risks are higher but yet again isn't the current market equally as risky?
@alexyoung3126
Жыл бұрын
well the top players and pros have exclusive information and data trajectory that isn't disclosed to the public, knowing the strategies to apply in this time is one thing and having the right info to successfully pull it off is just another.
@lawerencemiller9720
Жыл бұрын
Ever since the outbreak of 2020 which drastically affected the market, I've been running all of my investment-decision through a inv-coach cos there entire ideology is centered around going long and short at the same time using high-profit oriented blueprint and reducing risk-exposure as a hedge against the unavoidable downtrends. Coupled with their access to peculiar data and analysis, underperforming is nearly impossible.
@kimyoung8414
Жыл бұрын
I guess that's why the demand for investment-coaches sky-rocketed by over 41.8% since the pandemic according to Investopedia , however who is your coach if you don't mind me asking?
@lawerencemiller9720
Жыл бұрын
Eileen Ruth Sparks is the coach that guides, you probably might've come across her before I found her through a Newsweek report, she's quite known in her field, look-her up
@johngoguen6753
2 жыл бұрын
This guy definitely makes bands, can’t remember how long I’ve been watching him. Especially recently with all the craziness going around, this mans is making millions a year for sure for sure.
@camerinwalker1365
2 жыл бұрын
@@chriskoutsoubis glad you pointed this out. Alot of ppl don't think about that. No way this guy can script, animate, edit, edit some more, and upload these videos by himself.
@cedarcoombs8111
2 жыл бұрын
@@chriskoutsoubis they probably do make quite a bit of money, but how did you get 4,500 dollars from 1.5 millions views? From what I can find, in good conditions, you get about 1,000 dollars per million views.
@thewildcardperson
2 жыл бұрын
@@cedarcoombs8111 the rate varies on genre like video game chapels will only get you 1 dollar per 1000 views but a channel about making money online or bitcoin can get you 8/10 dollars per 1000 views
@KrakenIsland64
2 жыл бұрын
Well youtube pays about 5$/1000 views, or $5000/1m. Take that from their new videos + residuals from the hundreds of past videos getting thousanfs of views every day, and yes infog is certainly getting paid.
@cedarcoombs8111
2 жыл бұрын
@@thewildcardperson well, yeah, but I doubt this genre get 5 times the amount of money than others.
@TetsuShima
2 жыл бұрын
The Bankrupt problems during the Roman Empire Era were solved in a pretty gruesome way. Everytime the Empire was at the verge of bankrupt, the Emperor was murdered by the Praetorian Guards, who replaced him by a more competent man. If the substitute didn't resolve the economic problems, then the Guards repeated the process over and over until finding the correct man. Caligula, Galba, Elagabalus, Alexander Severus and many others were victims of that drastic method
@daviddelvecchio4371
2 жыл бұрын
I like it!
@JuwanBuchanan
2 жыл бұрын
So you're saying if America falls the people have a chance of getting revenge against psychopathic corrupt politicians and elites with war crimes against humanity? I like it.
@me1648
2 жыл бұрын
Should do it with this government
@jake38snake60
2 жыл бұрын
The secret service should be taking notes.
@guyguyver7552
2 жыл бұрын
The Praetorian killed an emperor that was too cheap toward them or wanted to erode their power, they didn't cared about the rest of the country.🤗
@havokal_
2 жыл бұрын
Interesting you choose to put this video out at this time, I’m expecting something like this to happen soon
@zephyr2600
2 жыл бұрын
It's already happened in Sri Lanka
@PapaEnzio
2 жыл бұрын
It will😌
@shiveshkumar7453
2 жыл бұрын
Pakistan 🙄
@foxlp5595
2 жыл бұрын
What
@FAGGLED
2 жыл бұрын
It Will happen sooner than you think. Start gathering them canned food
@florinivan6907
2 жыл бұрын
As long as the dollar is the reserve currency the US defaulting is unlikely. For a simple reason 'I go down you go down' applies to a lot of countries who have their monetary reserves in dollars. So there is a vested interest a pretty big one in pretending everything is fine. But if the dollar suddenly stopped being the reserve currency. All bets are off.
@petervarga7913
2 жыл бұрын
Like, oil can only be traded for US-Dollar.
@henrygustav7948
2 жыл бұрын
As long as the US Government enforces taxation then the USD will always be in use. The Federal government can never be forced to default in USD because it creates USD when it spends.
@fedra5873
2 жыл бұрын
Unless dollar crashes
@sftita
2 жыл бұрын
@@petervarga7913 Petro dollar is on it's way out...
@fedra5873
2 жыл бұрын
@flisnoo shaboo 1920s
@mysteriousstranger8224
Жыл бұрын
"Raising the debt ceiling sounds like a healthy way to run an economy." This is the equivalent of getting new credit cards to pay off old ones.
@grimaffiliations3671
Жыл бұрын
no it aint
@garyt-of6yb
Жыл бұрын
SEEMS LIKE THE DEMOCRATS WAY! THE WORD SAVING HAS WENT AWAY LIKE GOD, NO MORALS ANYMORE!
@krealyesitisbeta5642
2 жыл бұрын
Me: *Waiting for Greece jokes*
@rolandkennedy80
2 жыл бұрын
Insert....... AMERICA
@dollarstoreauthor
2 жыл бұрын
hello neighbour, we're on the same boat these days
@oliverman6168
2 жыл бұрын
Family never pays @ family owned Greek restaurant.
@linkin543210
2 жыл бұрын
Me retirement greeeeece
@techreportrecords
2 жыл бұрын
@@Jmack1lla we are seriously trying reeeeee
@LuigianoMariano
2 жыл бұрын
"What Happens to A Country When it Goes Bankrupt" *TLDR: A REVOLUTION OCCURS AND PEOPLE'S HEADS GET CHOPPED OFF UNTIL EVERYONE IS NO LONGER ANGRY AND THE DEBT MYSTERIOUSLY DISAPPEARS*
@diversejoe617
2 жыл бұрын
USA: What are we gonna do if the country is in debt Richard Nixon: *Hold my gold bar*
@DemonNitrix
2 жыл бұрын
Japan: Hold my sushi. Also we already are in debt, just like all the major powers of the world.
@henrygustav7948
2 жыл бұрын
@@DemonNitrix So many countries in debt, in debt to whom may I ask?
@vegetablelasagna2684
2 жыл бұрын
Biden: my butt's been wiped!
@johnrosue9299
2 жыл бұрын
I'm in my 30s and have already accepted that I won't be able to retire since the current debt is larger than the entire United States Economy. People be like: But I want Free Housing, Free College and Free Healthcare
@darkphase90
2 жыл бұрын
They just want the same treatment as the politicians
@chasewebb7417
2 жыл бұрын
@@darkphase90 One thing both sides can agree on is that the politicians need to be taken down a few notches.
@mikewozawski1634
2 жыл бұрын
Haha honestly I live.....no I try to survive in California and yes 2 jobs still can't haha
@henrygustav7948
2 жыл бұрын
You have accepted their lies then. Current debt to whom? US holders of Treasury bonds? Do you think the Federal government can not provide 1. healthcare to all 2. Free college 3. Green new deal. 4. Municipal broadband internet 5. Reparations for ADOS 6. Debt jubilee 7. housing for all Do you think that this requires the Federal government to tax you for your dollars in order for the Federal government to be able to pay for these things? Where do you think US dollars come from? Have you swallowed their propaganda whole? You aren't the only one.
@darkphase90
2 жыл бұрын
@@mikewozawski1634 don't you lie to me, we all know you live in monstropolis
@WEELEEMAHADHADA
2 жыл бұрын
When your central bank belongs to a group of people you are not the real authority and will never be debt free no matter how hard you try. So here's the real question "If I've been broke my whole life, how could I go bankrupt then?" A free country will never go bankrupt unless there are prolonged wars, extreme corruption, or natural disasters.
@tomlxyz
2 жыл бұрын
When the government controls the central bank and just prints more money when they can't pay their debt than yeah, they don't go bankrupt. But that will just cause hyperinflation and how's that any better?
@-eternal
2 жыл бұрын
This channel is amazing. The value in your videos is pure gold.
@mdv9831
2 жыл бұрын
I mean, do people realize that we've been in debt for almost a literal century?
@solascriptura-e7t
2 жыл бұрын
"Give me control of a nation's money and I care not who makes it's laws" ~ Mayer Amschel Bauer Rothschild
@gqshorts7102
2 жыл бұрын
I think bankrupsy is so important that we should learn about it more
@cbbcbb6803
2 жыл бұрын
I remember reading somewhere that the state of Mississippi took out a loan from England, I am not sure about this, and, according to the book they never repaid that debt. I may be mistaken. Can anyone verify that one way or another?
@Mo10tov
2 жыл бұрын
The Queen: Where's my P's Yankee 🔫
@secretlyamazing
2 жыл бұрын
Google probably could
@musashiedits8295
2 жыл бұрын
PupperFsh *🔪
@mikewilliams-jw8jd
Жыл бұрын
I mean that sounds like the most Mississippi thing ever so yeah it’s definitely possible.
@ariesbaglari2873
2 жыл бұрын
What happens when a country is bankrupt? Answer is simple. Just go and look at Sri Lanka.
@avinmunasinghe9984
2 жыл бұрын
Thanks rajapakshe family srilanka our country gone with wind early coming early going srilanka
@kalinduwijewardhana
2 жыл бұрын
yey What a wonderful time to live in Sri Lanka !!!!
@hellion6737
2 жыл бұрын
@@kalinduwijewardhana At least everyone is starting to help each other instead of hating.
@tomlxyz
2 жыл бұрын
It's not that simple. In case of Sri Lanka they ran out of foreign reserves, so they can't pay back the loan they took out in a foreign currency.
@robloxman274abc
2 жыл бұрын
Venezuela is the god at dealing with bankruptcy, just print more money
@hellion6737
2 жыл бұрын
You need to do a documentary about the Sri Lankan civil war.
@noduh736
2 жыл бұрын
Thank goodness for Ben Bernanke jumpin in and helping the fed otherwise we woulda had a worse one last time
@coltenvoland950
2 жыл бұрын
We shouldn't run a country like this, we should be building wealth as a nation. Debt shouldn't be the downfall of US.
@hussamg
2 жыл бұрын
This channel is so good that now I can’t go to sleep without watching the daily video
@turtlegamez4274
2 жыл бұрын
Kind of sad considering that the Infographic show tends to have a lot of misinformation in their videos, military and gun videos especially.
@Selmarya
2 жыл бұрын
The closest thing to a country going bankrupt in modern times was Jefferson county, Alabama, which filed for a 4 billion dollar bankruptcy
@lawyeroutlaw
2 жыл бұрын
So actually one effect of inflation is the reality of the debt is less effective debt. Because the debt is some fixed amount and that amount loses potency because the currency underpinning the debt has itself lost value.
@FlameUser64
2 жыл бұрын
This is true, and why high inflation rates cause debt-based economies _within_ countries as well. No sense saving money if inflation is high; better to buy now while the price is low and pay off the debt later.
@1wun1
2 жыл бұрын
But grocery bills and rent become more effective
@dinamosflams
2 жыл бұрын
@@1wun1 to make people to depend on groceries to be harnessed by you
@FoxPonyShift2013
2 жыл бұрын
I thought corruption leads to a country declaring bankruptcy
@approximates1445
2 жыл бұрын
"You look so tired, didn't you get sleep?" Me: "what happens if a country goes bankrupt?"
@BronteBe
2 жыл бұрын
People power is real. Sad that the reality of today is so many care so little about politics to better the lives of everyone. If you buy food or anything to pretty much live you should care about politics, not ignore it. Leaving it to unsuitable,greedy people creates mass destruction on every level. Which is where we are today.
@niklass1641
2 жыл бұрын
The problem is that no one DARES mention politics anymore unless; A) They're anonymous or B) They're with people they know will absolutely agree with their every word. Stating your political affiliation in 2022 in the U.S. outside of those two situations will INSTANTLY cause _at least_ half of everyone around you to hate you forever, maybe get you fired and possibly threaten your life.
@jamiealizaga8125
2 жыл бұрын
Inflation can't get worse than it is Joe Biden: Hold my bowl of ice cream
@misterfister7262
2 жыл бұрын
The current events sure have given you guys a lot of content to put out! 🍻👍
@liftusup9208
2 жыл бұрын
As someone living in a country which is on the verge of bankruptcy, this is interesting.
@marcthefastz1000
2 жыл бұрын
yeah me 2....Chinada
@cashewnuttel9054
2 жыл бұрын
@@marcthefastz1000 Canada is fine.
@kritikshah
Жыл бұрын
Pakistan??
@liftusup9208
Жыл бұрын
@@kritikshah yes -_-
@kritikshah
Жыл бұрын
@@liftusup9208 I am from India…Wish that extremism and violence ends. And Indian Subcontinent (India Pak incl) can live in peace😅
@AlexanderCheong
2 жыл бұрын
The video starts at 8:10 and ends at 9:46. You're welcome.
@adityacapte
Жыл бұрын
Thank you so much!
@donm5354
2 жыл бұрын
Skipped CHAPTER 13 - equivalent to Chapter 11 businesses, which is for Individuals of any income level to restructure personal debt - lower interest rates, payment, extending payoff time and/or reduction of amount borrowed.
@rtwice93555
2 жыл бұрын
I realize this video is about nations going bankrupt. I live in California and have seen cities either go bankrupt, or consider it. When you read the news about some of those cities, its never a surprise that they ran out of money. Personal bankruptcy is another story. I understand s*** happens and some people have no choice. But, in a lot of cases, its poor choices that got them in that situation. I have worked with a lot of people over the years that don't seem to understand that when the wallet is empty, stop spending! But, these are the kind of people that drive our economy. I know how much money they make, we are union employees, its no secret what any of us make. Without fail, a new employee will go out and buy the biggest pickup money can buy, followed up with the purchase of a big trailer to go with it. Then they buy off road ATVs for the weekend to park inside the garage of their new home. Even if their spouse is employed, simple arithmetic tells me they are spending almost more than they are earning. I can't figure it out. Yet, when tragedy strikes, they simply shrug their shoulders and file for bankruptcy. I have seen this happen too many times to count. I really shouldn't care, my coworkers finances are not my problem. But, I have spent my career living carefully so that could never happen. Actually, I can't take credit for it, my wife has managed our finances. We bought an older home and paid it off in 18 years. I have always owned and driven used cars, and vacations were something we saved for, our home was the only thing bought on credit. Tragedy hit us twice but never put us close to bankruptcy. Thankfully we were prepared for it. The fact my coworkers treat bankruptcy like a "get out of jail free" card bothers me. But, it won't bother me too much longer, thanks to my wife's frugal spending I can retire in 5 more years at 62. I don't see my coworkers ever being able to retire
@WarPigstheHun
2 жыл бұрын
That's why we invest so much in military. No one is gonna oppose you when you have the most powerful military in the world. I see some credit as healthy. It means we're investing in ourselves.
@thePersonoyt
2 жыл бұрын
@@WarPigstheHun I Don't get the relation between your comments
Cali was on its way to bankruptcy but because of its HUGE economy, one good tax revenue year smashed the debt // u can check it really did happen
@vladdracul7810
2 жыл бұрын
FUN FACT: Your social security number is a way for the government to put you (and your labor) up for collateral on the national debt. And what happens to collateral when you can't pay back your loan? Food for thought.
@ArtieArchives
2 жыл бұрын
Forced labor camps?
@nou3211
2 жыл бұрын
Jail?
@nou3211
2 жыл бұрын
Liquidation?
@joeylawell3590
2 жыл бұрын
Draft
@TokenBlackman7
2 жыл бұрын
Buttered toast.
@critterallywithjohnernest.
2 жыл бұрын
Not sure but I'm sure we are on the right path to find out soon.
@daehr9399
2 жыл бұрын
10:51 the Great Depression did not occur until the stock market crash in the late 1920s, and was not really felt in the US until about 1930 or so. Around the world it was felt sooner in some areas, but in the USA it really wasn't felt to the extent of a depression until the very very late 1920s (second half of 1929) and about 1930.
@hondaguy9153
2 жыл бұрын
Privatize the gains, socialize the losses! Ugh, use oil to pay back debt. Sounds like a good way to make climate change accelerate.
@Galaxy-oy4nj
2 жыл бұрын
Capitalism in a nutshell
@jmanj3917
2 жыл бұрын
16:40, It looks like you don't understand the whole "the carrot or the stick" thing...lol Good video, though
@drnope316
2 жыл бұрын
Super appropriate thumbnail. Nero played a violin as Rome burned. Lacking proper motor skills for that task, Biden simply sniffs underage girls’ hair as America circles the drain.
@BungieStudios
2 жыл бұрын
I was waiting for this video to finish and upload. As GabeN might say, "It was worth the weight."
@solascriptura-e7t
2 жыл бұрын
This video is worth it's weight in gold.
@mikemurphy5898
2 жыл бұрын
I can't tell if you're being ironic with the wrong form of weight or not
@jean-marccloutier4309
2 жыл бұрын
bankruptcies, resources to recoup, Canada, Prime target, WEF, our dictator, prime minister, jr. trudeau, is setting us up for the UN. world order.
@WarPigstheHun
2 жыл бұрын
Debt is a sign of growth. The old way of saving and keeping up with credit is no longer the best way to grow. You must invest.
@madushandissanayake96
2 жыл бұрын
I'm watching this video while living in an already bankrupted country.(Sri Lanka)
@sipioc
2 жыл бұрын
Remember kids, entire countries can default on their loans, but you can’t default on Student Loans! God Bless America!
@mschenandlerbong8539
2 жыл бұрын
There are consequences for both. Both entities need to make better choices and stop spending like there is no tomorrow or someone else will bail you out.
@sipioc
2 жыл бұрын
@@mschenandlerbong8539 this is true. But it’s still wrong to do that to 18 year olds on the cusp of life.
@mschenandlerbong8539
2 жыл бұрын
sipioc "To do it to them"? We need to reach our children better. They are adults at 18, and should be talking to their parents through the whole college process. No parent should be ok'ing a 100k loan unless their kid is going to be a doctor or lawyer. If they can get married at 18 or serve in the military and die, they should know what is a healthy limit for a loan. We infantilize 18 year olds. It's time to stop that. It is clearly not helping them.
@1wun1
2 жыл бұрын
Students and Haiti have no armies, that's why they can't default.
@Kvizy
2 жыл бұрын
@@mschenandlerbong8539 18 year olds are still kids
@Heatrecks
2 жыл бұрын
bro that start was genius oml
@gloriouslysarcastic8000
2 жыл бұрын
It’s time for the government to lose all their power. Decentralize and take responsibility for yourself.
@RUTHLESSambition5
2 жыл бұрын
This is why Eritrea doesn't take IMF loans and Minor loans from China. That's why they got rid of Gadaffi. They had no debt under him. Countries couldn't allow that
@thejaebeing
2 жыл бұрын
How can you declare bankruptcy when you have the printing press.
@vegetablelasagna2684
2 жыл бұрын
You do know, that the primary reason the US is struggling with ecord breaking inflation (which is the devaluation of currency, fyi), is due to the reckless printing of money, right?
@VALVE_4EVA
2 жыл бұрын
my mom always said that money isnt important, turns out she was lying
@lisocampos8080
2 жыл бұрын
The credit system will be the demise of man. A lion can't tell the rabbit to let it be eaten now and be chased later. You can't tell a car without fuel to move and promise that you'll fill it tomorrow. You need immediate effort for immediate results. We need a credit/debt free society.
@rivirueren3383
2 жыл бұрын
Sri Lankans watching this rn 🥲
@TetsuShima
2 жыл бұрын
Biden's face in the thumbnail is like: "Wait, is the White House burning? Whatever, I need to change my diapers..."
@BBEEAATTNNGGUU
2 жыл бұрын
😂
@carnelld.i.ytobegreat6954
2 жыл бұрын
That’s diffidently sloppy Joseph
@cartelbrickz
2 жыл бұрын
2:20 or like El Salvador when they spend like 100 million and lost 33%
@solascriptura-e7t
2 жыл бұрын
Infographics has been telling us what to expect with these videos, recently 👀👀👀
@ryandaniel4571
Жыл бұрын
I love your videos! Very educational! The problem is, that when I watch too many of them, my head and arms will begin to move rhythmically and I can't stop! LOL
@DwDiablo3
2 жыл бұрын
Are'nt all countries in Debt?
@Friendship1nmillion
2 жыл бұрын
🤷 : Well , Yes in theory . ♑️✍️🇦🇺🇸🇯
@masoudjalali9937
2 жыл бұрын
This videos is like a documentary about my country !
@irushasansuka9884
2 жыл бұрын
I thank the leaders of my country for making us feel the bankruptcy of a country
@AnkitKumar-bw9sl
2 жыл бұрын
Which country?
@irushasansuka9884
2 жыл бұрын
@@AnkitKumar-bw9sl Sri Lanka. We defaulted our debts recently
@cashewnuttel9054
2 жыл бұрын
@@irushasansuka9884 From what I've read on another video, one of the reasons is that Russian tourists have diminished, so get Indians to visit you and you're gonna be fine again.
@MotoTvWoodsFarm
2 жыл бұрын
cool video, but only happens to small countries - when it was happening to America when they were linked to the gold standard they just ripped up the rule book and carried on printing money
@akshajfitness
2 жыл бұрын
Sri Lanka be like, "Oh yes"
@albertdehn8381
2 жыл бұрын
Thanks for sharing 👍😀
@CareerDropout.
2 жыл бұрын
After maturing in thoughts, I really wanna show appreciation to those who put their life on the line to protect the country. . .This isn't veterans day but I still like to show gratitude to every one in the military and police force, forgive me for previously taking you all for granted
@andrewcollingridge2413
2 жыл бұрын
I assure you know no US solider has sided defending US soil, they did preventing democracy and for oil, sorry to break to you
@conniepoo
2 жыл бұрын
Very fitting for the president depicted in the thumbnail.
@AncestorEmpire1
2 жыл бұрын
Ask countries that employ socialism on a country wide scale and don’t get bailed out by the US or China
@HShango
2 жыл бұрын
China is a hybrid communist state with a capitalist marketed economy
@holy8782
2 жыл бұрын
We're really not that much better when we have citizens dying because getting a ride on an ambulance costs an arm and a leg. Don't even get me started on the hospital bills.
@tonyazzaro9593
2 жыл бұрын
@@holy8782 Dude, it is widely known that Americans like to spend more than they earn via credit. If you are a grown person whether single, or worst yet, married, and don't have even 5k in savings for an emergency, that says more about you than the sorry excuse of blaming everyone else for it. Now please, hit me back with the usual arguments of wages, taxes, cost of living, and whatever else you'd like to throw in so we can gladly go over them. P.s This isn't about you by the way, but rather about the average citizen you were referencing on your comment.
@holy8782
2 жыл бұрын
@@tonyazzaro9593 I can understand saving $5k for a car repair. But saving $5k for medical expenses is absolutely absurd. This is medical treatment that can be life saving.
@tonyazzaro9593
2 жыл бұрын
@@holy8782 5k is something at least to cover the ambulance ride to the hospital. If you are making that low of a yearly income, financial assistance will most definitely be available to you. Now, if you are making 50k and above, not only can you afford insurance, but if you don't have more saved up, then I would refer you back to the previous question, why should it be everybody else's problem but yours? There are plenty of financial assistance programs for, and related to healthcare. There are not however, meant to be a 100% coverage.
@hkchan1339
2 жыл бұрын
Argentina smiling: First time?
@sharptoothtrex4486
2 жыл бұрын
If this happened to North Korea over the governments' and dictators' intolerance disgracing their people, even if they try their best escaping that horrible nation, that makes them suffer horrible treacherous consequences over this matter.
@fgxw8
2 жыл бұрын
The word bankrupt just reminds me of the time toys R us went bankrupt
@susanlippy1009
2 жыл бұрын
I have heard they are back again🤣
@mdu2486
2 жыл бұрын
I live in Zimbabwe we have hella debt 😭
@cashewnuttel9054
2 жыл бұрын
Do you still carry cartloads of money to buy bread?
@mdu2486
2 жыл бұрын
@@cashewnuttel9054 Not anymore but we might soon
@mdu2486
2 жыл бұрын
@@cashewnuttel9054 Not anymore but we might soon
@davyerni2136
2 жыл бұрын
It gets either war funding or gets bought by someone with more money. Mostly war funding.
@thefastvegan
2 жыл бұрын
Countries such as Ecuador, Venezuela, Brazil, Costa Rica, Uruguay and Argentina have each gone bankrupt at least nine times in the last 200 years.
@marvwatkins7029
Жыл бұрын
An Argentina got itself in a financial mess again after this post came out.
@Jungkookstormi
2 жыл бұрын
Somebody has to help us 🇱🇰 before it’s too late (fellow Sri Lankan)
@brothergunns5055
2 жыл бұрын
Stop taking Chinese loans. 🌚
@HShango
2 жыл бұрын
Who 🤔🤨
@goldeagle1976
2 жыл бұрын
@@brothergunns5055 u should stood up against those currept politicians ( who took Chinese loans and perhaps bribes too) much before. Although India will help for sure ( actually already helping).
@brothergunns5055
2 жыл бұрын
@@goldeagle1976 I'm not from Sri Lanka mate. I'm from India. Obviously India is helping but India has its own problems to deal with as well. It can't bail out Sri Lanka. Sri Lanka is a sovereign country. It needs to look out for itself.
@brothergunns5055
2 жыл бұрын
@@goldeagle1976 and not being dependent of India or China is obviously better for Sri Lanka in the long run as well.
@30swagg6
2 жыл бұрын
The Biden cartoon makes me laugh 😂
@bredsheeran2897
2 жыл бұрын
Another great video!!!!!!! Can you please make a video about the tomb of the unknown soldier? Also your videos helped me in my history and social studies classes!!!
@grizzlyaddams3606
2 жыл бұрын
Austerity measures are needed 100% in the U.S. and can't do it soon enough!
@dolabanerjee8825
2 жыл бұрын
This happened in Sri Lanka recently. It ran into Chinese Debt trap.
@alexm7651
2 жыл бұрын
Japan owns the exact same percent of the debt, which is 10%. The majority of the debt is not owned by China, actually
@josecolon8143
2 жыл бұрын
@TheInfographics you should have made a video about Puerto Rico economic disaster, which has cost billions to the USA! That’s a great example for all you attempt to explain in this video. The situation of Puerto Rico is way worst than that of Greece! Heck Greece it’s fine comparing with what Puerto Rico Gad cost to the USA.
@blake7587
2 жыл бұрын
Just want to correct something: None of the debt in third world countries is from colonial times. Not only have all those debts been forgiven but the West has given all of those former countries huge amounts of money. Particularly Africa. The reality is 3rd world countries have huge debt and poverty because of many reasons including laziness, poor family planning, lack of work ethic, and poor financial discipline & education. Infographics got some bad information somewhere and I had to correct it because people get the wrong information way too much these days.
@hellion6737
2 жыл бұрын
You better learn about the Sri Lankan economic downfall, that's a tragic story.
@blake7587
2 жыл бұрын
@@hellion6737 Sri Lanka is one tiny part of Africa. Also many countries have had hard times and downfalls. Like Germany after both world wars. Yet now it’s the economic superpower in Europe. Sri Lanka has not rebuilt itself and I guarantee it was nothing compared to what Germany had to rebuild after two world wars and country division and allied occupation.
@hellion6737
2 жыл бұрын
@@blake7587 Bro you really need to learn about geography because I'm Sri Lankan and NO IT IS NOT IN AFRICA.
@shironeko1843
2 жыл бұрын
Interesting you put this video out, when Spain is directly going to bankruptcy
@brecky
Жыл бұрын
Anyone else watching this after the US hit the debt ceiling?
@ceesno9955
Жыл бұрын
Yes, hit again too
@marvwatkins7029
Жыл бұрын
This is WAY TOO optimistic!!
@CareerDropout.
2 жыл бұрын
I appreciate the real world training !
@sebipinto2720
2 жыл бұрын
The 2017-2018 vids 🔥
@tomv7017
2 жыл бұрын
soooo.... capitalism?
@guttagame1804
2 жыл бұрын
I thought steak and ale was a local Savannah thing..
@projectw.a.a.p.f.t.a.d7762
2 жыл бұрын
Sure looks as if Biden is pushing us towards this situation. Great content as always, keep up the great work!
@alter112
2 жыл бұрын
We need trump back
@fedra5873
2 жыл бұрын
2 more years 💀
@rovksshow7733
2 жыл бұрын
SLEEPY JOE
@cbirch7302
2 жыл бұрын
@@rovksshow7733 trump is a traitor
@JStryker47
2 жыл бұрын
Suddenly, the "big evil orange man" isn't so bad anymore, is he?
@Solisium-Channel
2 жыл бұрын
Beer just went up in price in Mexico. It’s almost doubled in price since the pandemic.
@pizzahuthonoka
2 жыл бұрын
He put it in Dogecoin? Should've bought SHIBA.
@johnseger233
2 жыл бұрын
Why not make a video on what REALLY happened on Sept 11, 2001?
@TokenBlackman7
2 жыл бұрын
Kinda tough for a country to go bankrupt when it owns its own currency which, also, serves as the world's reserve currency!
@neonlightcabasag4043
2 жыл бұрын
unless the global market starts using a new currency as reserve and boom! 30Tn ton train wreck on your way.
@allen2reckless676
2 жыл бұрын
Aren’t all country’s bankrupt to some point. Like the country still has a lot of debts to which will never be be able to lose because every time we input money we need to provide like 10x more or something idk maybe I was lied to or something it’s crazy to think about tho
@paulcoover7057
2 жыл бұрын
I know your not talking about the united states. You cannot be tgat uninformed. The u.s. does not own its currency. The federal reserve bank does which is privately owned. Has been since 1913!
@mcribisback7105
2 жыл бұрын
The only reason, the US dollar holds any value is because it is used as the currency of choice for most major oil transactions. Which isn't very good for a country that embargoed the fifth largest supplier of oil in the world.
@gingerlicious3500
2 жыл бұрын
@@mcribisback7105 The US is the world's largest oil supplier and producer.
@catherinebulusan1036
2 жыл бұрын
Do we have also "what happens after civil war" would like to understand the edsa revolution on the Philippines and also russia civil war during anastasia era and marie Antoinette era abd its French revolution if there was decline in economy
@SolRC
2 жыл бұрын
This is such a propaganda channel......it's so obvious.
@marvwatkins7029
Жыл бұрын
All other nations have wanted this for decades.
@Jungkookstormi
2 жыл бұрын
Sri Lankans right now 😔
@me1648
2 жыл бұрын
Seems like the whole world will go bankrupt very soon
@detectivedude8892
2 жыл бұрын
ok
@loveandgamingxx1744
2 жыл бұрын
We will probably find out sooner than later...
@jrineh656
2 жыл бұрын
Inflation doesn't make debt harder to pay off, it makes it easier to pay off. You owe a fixed number of dollars, not a fixed value.
@jakesmall8875
2 жыл бұрын
but most of our debt is owned by ourselves
@00dude3
2 жыл бұрын
Until the interest rate is raised to combat inflation then the debt payments increase
@LennardA320
6 ай бұрын
This video and the scriptnhas changed totally over time. Also the very relaxing background music I still can't find
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