The US economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
Certainly, I've been consulting with a Certified Financial Planner (CFP) since the outbreak. Beginning with an initial fund of $80k, my advisor makes decisions on when to enter and exit positions in my portfolio, which has now expanded to around $350k.
Amber Dawn Brummit is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, and other powerful nations waking up to trade in their own currencies. Good thing is, a lot of people still turn to the Dollar because of the safety is somehow assures. I'm worried about my retirement savings of about $420,000 losing value because of these factors and more. Where else can we keep our money?
Well, I suggest you make a diversification plan because it's been harder to build a good portfolio that stays afloat since COVID. Personally, I garner knowledge from a brokerage Adviser whom I work with, and I've actually made over $350K with their help since February. Very effective defensive strategies are used to protect my portfolio and make profits despite the ups and downs.
Accurate asset allocation is crucial right now, and some individuals use hedging strategies or allocate part of their portfolio to defensive assets for market downturns. financial advisory is vital for achieving this. This approach has helped me stay financially secure for over five years, yielding nearly $1m ROI
Who is the coach that provides guidance for you? I urgently require assistance; my stock portfolio is stagnating, and I need investment advice for retirement.
I like how they break it down to per person, like we actually have a choice on how this money is spent. And the American people are responsible for this.
Funny too how now the poor are considered on equal terms with the rich when it comes to debt for the country. Yet if they put a value on us they say were null
It doesn't actually go to those countries though. It goes to corporations like Blackrock and Blackstone who are over there "rebuilding" whatever we blow up
Considering Trump added more to the deficit than any other president except for two and they were both war Time president's. Consider Trump made 7 million dollars booking government dignitaries at Trump towers even though we have dedicated places for them so we tax payers paid twice for that !!!!
@@mg-by7uu You forgot about the politicians' wallets. Look up the net worth of any politician before and after being in power. Very few live a modest lifestyle these days.
I read about a certain Schommer, U.S Army. the likes of Josh Scandal. He got a Bronze Star Medal for exceptionally distinguished service during Operation Iraqi Freedom. His Iraq experience helps him now in dealing with the grind of daily volatility in tough stock markets - and those big gulp moments.
I do same thing with a licensed fiduciary I vetted and hired. My MO: 1. Invest in misunderstood business models, 2. Invest in undervalued assets 3. Invest in underappreciated growth. These are all explored under Monica's business model.
I would love to approach the market in such an unconventional manner but how does the reward outweigh the risk, I say you might get lucky on just one of the methods.
We’ve added 25 trillion to the debt over the past 15 years, and we have nothing to show for it. The country is in no better shape. I would argue worse off.
It's time to switch paradigms - we don't need government agencies to be better managed - we need them to be axed. Close down the Federal Department of Education and return control of schools to the states. Close down the Department of Energy. There are two just for starters.
@@fightington animal husbandry that protects "born without a pre-existing medical condition" doesn't apply to human species. The THING can experiment with the human species all it wants.
@@fightingtonit goes further than that, much further. It goes back to Women’s suffrage. If you look at their voting record, they’re easily swayed and usually vote for the most tyrannical policies
The US spent $8+ trillion on wars since 2001. What do Americans get from endless wars? More debt! $8 trillion could have been a nice investment for Americans!
US went to wars because of foreign lobby group and corrupt politicians. The fake WMD story was told by Judith Miller of NYTimes via mossad to invade a country to ensure only one country is supreme in Middle East.
Or just buy bitcoin… Keep about 3 months supply of dollars, and everything else into bitcoin. That is what I do. That is what everyone should do. Vote with your wallet…
Unfortunately it is harder than it sounds. Very few are willing to make the sacrifices needed to get our financial house in order and the more we continue to be divided as a country the harder it becomes.
@@michaelriera6277 Exactly. The public can't even tolerate a little decrease in the increase. Wait till big cuts come, and the youth scream (and rightly so) that they have to pay big taxes to pay the interest on a debt they didn't accrue. We'll collect tons of money in taxes, and it'll go straight to bond holders.
Stop reckless under taxation. The last time we had a balanced budget, was when there were more taxes being paid. We should go back to the tax rates in 1999/2000.
They spoof the prices, JP Morgan had to pay like $1B because of it... And now they want to get into digital currency so there will be no leaving the system of control... If these power structures collapse than we can return to a free market...
The problem with gold is it now has Crypto as an alternative hedge against inflation, and competes with other commodities. The Gold Market is $13.6 Trillion, at $2030 an Oz. Crypto has a market cap of $2 trillion. It's about 15% of the gold market. Without Crypto gold would probably be a couple hundred dollars an Oz higher in value.
Him and all the other banksters that have robbed us! The politicians that have cut their taxes and the taxes of corporations and the wealthy, should be accountable too!
The politicians are just doing what the people demand. Two times the Republicans tried to reduce the rate of increase in spending, not "cut" mind you, and the Democrats cried they were shutting down the government. The polls went solidly against the Republicans. The public is to blame. They've seen deficit spending for years with no visible harm, so they want more of it.
Reserve currency, petrodollar, dollar denominated debt. Those are the things holding up the American standard of living. Yet, most Americans have zero clue what they are
Until the crisis arrives, it will be spending at your desire. No congressman goes to Congress to cut spending. That is for both sides. Choice between military/social spending hits on both sides and their constituents. Regardless, wall street will be bailed out.
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 $600K stock portfolio against declining?
From what I've read, it seems to be a mix of factors. High government debt, corporate debt, and even personal debt are contributing to the instability. It's like a perfect storm. You should contact an expert to help you allocate stocks in your portfolio
True. Having the right financial planner is invaluable. My portfolio is well-matched for every season of the market and recently hit 90% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, though this could take till Q3 2024. I think you should do the same thing too
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless." - Thomas Jefferson
This seems like the worst period.Even the markets are very unpredictable.started investing recently when the market prices were a bit high,today i am more than 60% down
Given the prevailing market conditions and the potential risks associated with the current economy, I would recommend refraining from investing in stocks for now. Instead, it would be prudent to consider retaining a portion of your assets in gold.
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumors and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up 850k within 2years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
Have you heard of Julia Hope Marble"? She gets featured regularly on CNBC. I myself use tax-deferred accounts to hold my investments. That way I avoid capital gains taxes. There are other options your advisor could brief you about...
Agree with Dimon 100%. The large number of economists and Wall Street investors who are oblivious to our national debt is astonishing. We are in trouble, 100%. Not necessarily next week, but sooner or later.
My favorite silent tax. Brilliant! Everyone clings onto the dollar anyway, let the Fed leverage the entire nation's (and let's not forget all the foreign governments') cash savings to bail out america's bad decisions!
It's 34 trillion, so about 1000 times more than what you said. And the US can't do that or no one will EVER invest in the US again. This is not a problem of large numbers, the problem is that people that hold the debt expect an investment. If the debt is not paid in full and honestly, investor confidence will be gone for generations.
Just 25 years ago Clinton had opportunity to totally pay off National Debt, same for Mrs Thatcher 10 years earlier in UK, no debt means no need to borrow from banks , Alan Greenspan then Fed Chief beliefed it would be a disaster if debt paid off, disaster foe banks!!!
Clinton was in office WITH a Gingrich led Republican House (where spending is determined) and Republican Senate ... all this happened after Dems were swept out of office in a tsunami in Clinton's first term mid-term elections
Dimon was wrong about recession happening in 2023 and he is wrong on this issue as well, his main motivator is the billionaire should not pay a fair share of income tax but to put that burden on the middle class and poor Americans. Pay up jamie
Did you think about "where will all the food come from to feed Joey's nonworking , free housed , free medical migrants" Or when the food supply will run out ? Get out that crystal ball ....... predict the future..... result , there is no future .
Anyone notice that per tax payer is 2.6 times higher than per person? Tell me that’s because kids don’t pay tax, not because of all the illegals or adults who don’t pay taxes..
Yesterday the Nikkei was within 300 points of overtaking the DJIA and become the largest and most valuable market. Today its about 500 pts. It could happen next week.
I heard that the Fed needs to sell $10 trillion in treasury bonds this year? ... if that's the case, interest rates are going to skyrocket. As the market will be completely overwhelmed.
Trump or the next President needs to tell Congress to pay down the debt with a schedule, in the budget bill, or veto the bill. I expect cuts everywhere, don't care about a shutdown, pay down the debt or veto all the bills.
that economic system is the problem in itself - govs don't owe money to anyone - they just need to spend it properly instead of crony-capitalism with the aim of Neo-feudalism
Trump is the most reckless spender in nation’s history, over $8 trillion added to the deficit under his watch. Trump is not the answer, he’s the problem.
How the national debt generates those harms: 1). Government borrowing "crowding out" other forms of borrowing. If there is a lot of government debt, the supply of investment alternatives for bondholders increases, so they can charge higher rates. 2). Payments the government makes on the debt become a higher and higher percentage of tax revenue over time, so there is less to spend on government programs, including in an emergency.
Can you imagine what the 4 professional body language experts would see if they were allowed to watch and comment on congress Rep's and Senator's. Also people like Dimon and Biden,Mayorkas,both parties.
UNFINISHED DISCUSSION. I APOLOGIZE FORTHE WAY THAT I SPOKE TO LAW ENFORCEMENT. IT WAS VERY IMMATURE OF ME. DAN SIDEEN. PS. I ASK THE REPUBLICANS IN BOTH HOUSES OF BOMGRESS TO CIRCULATE THIS COMMENT PLEASE. THANK YOU, DAN SIDEEN.
>Since that speech by President Nixon in August of 1971 the US dollar-to-Gold link has been severed. This allowed US Federal Governments to spend in huge deficits each year since then except for a brief period in the mid-nineties. The effect of this has been that the US dollar has continually been devalued. A US dollar today is worth about three cents compared with a US dollar of the 1971, a factor of roughly thirty times. >This devaluation of the US dollar is the real source of inflation. The reason is simple: it takes more of these devalued dollars to buy anything. The factor clearly, again, is thirty times. Look at the prices of things in 1971 and today. Just about everything is more expensive by a factor of thirty times. The increase in prices is simply the reaction to this devaluation of the dollar. Wages and salaries have not kept pace with this. >The bottom line is that over eighty percent of all new wealth created since 1971 has ended up in the hands of one percent of the population, offshore and not taxed. The Federal government has replaced that lost taxation with public debt. In 1971 it was possible to purchase a very modest home for $10,000 but today that same house costs $300,000. More to the point: in 1971 a single-family income could buy that house, whereas today it takes two household incomes plus debt to support a family income. Thank you for reading. Please comment.
Want to really see something depressing ,,go on this debt clock and you can look at past years like 2012 1990 etc… we’re screwed. The government is maxed out like a simple single citizen with 7 maxed credit cards… when I went back and seen 1960 , 1980 1990..it wasn’t nowhere as bad as seeing it today…we’re done
Because 25% of GDP is government spending, $ 7.5 T Reducing it 10% gets us to 22.5% and the deficit goes from 1.5T to 0.75T. Not much difference. Only fix is to cut entitlements by 40%. That would bring our healthcare and SS on par with UK and France and the deficit goes to zero. This would keep the total debt at 34T and GDP growth over 10 years would bring the debt ratio to a comfortable 50%
You can call it "public debt" all you want...it's not. It's Congressional debt that the "public" never agreed to...it's illegal to amass debt in another persons name and no different than falsifying a credit card account and going on a spending spree.
Definitely a good idea to roll back tax cuts going back to Reagan. We gave the rich 40+ years to show they know what they are doing, and what we have to show for it is the Kim Kardashian economy. Good idea Jamie.
The debt is owned to the institutions and people who bought Treasury bonds, Treasury bills, Treasury notes. Those securities are issued to generate the money so the government can spend more than it has.
They thought they were getting some kum-bye-ah land and along with peace and quiet after four years of a few mean tweets but otherwise great policies. I'll take four years of dictator donnie over one month of applesauce joe.
Personally? I have started to buy a few govt. bonds. NOTE: I AM NOT OFFERING PERSONAL FINANCIAL ADVICE - PLEASE ASK AN EXPERT IN BOND INVESTING. As bonds are used as an instrument to enslave a population, I am buying back some bonds, effectively buying back my own freedom. Buying govt. bonds is like giving myself a tax break, as some of my income taxes are used to pay the interest payment ('coupon') on govt. bonds. I know I can't buy a billion or trillion $ worth, but at least I am buying back some of my own debt, that is often sold off without my explicit consent.
Just come up with a plan to hold it at its current amount. Sounds bad if you say 34T in debt. However at the same time that is 34T in fixed income assets for the other side (Treasury Bonds). If the US could hold at 34T for 10 years it would drop debt to GDP to around 50%, of course depending on how much AI contributes to US growth.
Wealthy people who complain about deficit spending should also be willing to accept higher taxes. If the economy is undermined by high government debt, their wealth will eventually suffer due to a financial crisis or because the government chooses to solve the issue using inflation.
Wealthy people only pay 2% of government spending. Even if their tax tripled it would only dent 6% of the tab. Only way to fix this is cut back entitlements and military (which is double China & Russia combined)
The US economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
Certainly, I've been consulting with a Certified Financial Planner (CFP) since the outbreak. Beginning with an initial fund of $80k, my advisor makes decisions on when to enter and exit positions in my portfolio, which has now expanded to around $350k.
Hmmm this is quite interesting, Please can you leave the info of your investment advisor here? I’m in dire need for one.
Amber Dawn Brummit is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, and other powerful nations waking up to trade in their own currencies. Good thing is, a lot of people still turn to the Dollar because of the safety is somehow assures. I'm worried about my retirement savings of about $420,000 losing value because of these factors and more. Where else can we keep our money?
Well, I suggest you make a diversification plan because it's been harder to build a good portfolio that stays afloat since COVID. Personally, I garner knowledge from a brokerage Adviser whom I work with, and I've actually made over $350K with their help since February. Very effective defensive strategies are used to protect my portfolio and make profits despite the ups and downs.
Accurate asset allocation is crucial right now, and some individuals use hedging strategies or allocate part of their portfolio to defensive assets for market downturns. financial advisory is vital for achieving this. This approach has helped me stay financially secure for over five years, yielding nearly $1m ROI
Who is the coach that provides guidance for you? I urgently require assistance; my stock portfolio is stagnating, and I need investment advice for retirement.
Natalie Noel burns is her name. She is regarded as a genius in her area and works for Empower Financial Services
I like how they break it down to per person, like we actually have a choice on how this money is spent. And the American people are responsible for this.
We are the calfs to be blead on the altar...
Funny too how now the poor are considered on equal terms with the rich when it comes to debt for the country. Yet if they put a value on us they say were null
I can pay my share, but why should I?
American people are responsible. . You get the government that you elect
@@MrTom1468 no we don't we get what the majority are fooled into and the few of us suffer for other's choices
Let’s send almost 100 billion to other countries that will help
It doesn't actually go to those countries though. It goes to corporations like Blackrock and Blackstone who are over there "rebuilding" whatever we blow up
Let's give company stockholders trillions, that will help
Considering Trump added more to the deficit than any other president except for two and they were both war Time president's. Consider Trump made 7 million dollars booking government dignitaries at Trump towers even though we have dedicated places for them so we tax payers paid twice for that !!!!
*Trillion
@@mg-by7uu You forgot about the politicians' wallets. Look up the net worth of any politician before and after being in power. Very few live a modest lifestyle these days.
I read about a certain Schommer, U.S Army. the likes of Josh Scandal. He got a Bronze Star Medal for exceptionally distinguished service during Operation Iraqi Freedom. His Iraq experience helps him now in dealing with the grind of daily volatility in tough stock markets - and those big gulp moments.
That is a very interesting concept for a vet but it comes with great risk.
He said he is an observer of people being uncomfortable and that encourages me make hard decisions
I do same thing with a licensed fiduciary I vetted and hired. My MO: 1. Invest in misunderstood business models, 2. Invest in undervalued assets 3. Invest in underappreciated growth.
These are all explored under Monica's business model.
I would love to approach the market in such an unconventional manner but how does the reward outweigh the risk, I say you might get lucky on just one of the methods.
The decision on when to pick an advisor is a very personal one. I take guidance from ‘ Monica Mary Strigle ‘ to meet my growth goals
We’ve added 25 trillion to the debt over the past 15 years, and we have nothing to show for it. The country is in no better shape. I would argue worse off.
1/3 of that under trump
@@robyoung-pl1gqLIES!
How about $15 trillion in just the last 4 years. Our government if full of morons and traitors.
@@robyoung-pl1gq if the dems wouldn't have obstructed so much he probably could have gotten a lot done on way less money.
@@robyoung-pl1gqPlease stop. You are part of the problem. Biden added his deficit/debt and others before them.
It's time to switch paradigms - we don't need government agencies to be better managed - we need them to be axed. Close down the Federal Department of Education and return control of schools to the states. Close down the Department of Energy. There are two just for starters.
Treasury watchdog agencies after Patriot Act are WORSE than useless - Dimon is a 5 count felon
the root is the fed - you are talking peanuts
IDK - If California had total control over education (I live here!), it would undoubtedly permanently corrupt our youth. Maybe its too late anyway...
@@fightington animal husbandry that protects "born without a pre-existing medical condition" doesn't apply to human species. The THING can experiment with the human species all it wants.
@@fightingtonit goes further than that, much further. It goes back to Women’s suffrage. If you look at their voting record, they’re easily swayed and usually vote for the most tyrannical policies
It's a self-created "crisis". When the currency is fiat and limitless printing this is exactly what you get.
Dimon is himself a huge part of the problem. He speaks out of both sides of his face.
He is.a banker. An enslaver of mankind
Couldn't agree more with you about two face Dimon!
I have always been favorably disposed to Dimon..but not necessarily uncritical.
The US spent $8+ trillion on wars since 2001. What do Americans get from endless wars? More debt! $8 trillion could have been a nice investment for Americans!
yep - Answer: RFKJR 2024
All that money was recycled through the US economy.
US went to wars because of foreign lobby group and corrupt politicians.
The fake WMD story was told by Judith Miller of NYTimes via mossad to invade a country to ensure only one country is supreme in Middle East.
It’s amazing no one takes this serious.
It's on Fox News. Who would?
Because its a planned demolition
@@robyoung-pl1gq30 trillion. That’s how we know you’re full of sh!t👍🏻
@@robyoung-pl1gqYou take it seriously enough to be here, yourself 😂
@@Duke_of_Prunes😂😂😂😂😂
Time to start living well within our means like everyone ever and pay our debt! Stop this reckless spending now!
Or just buy bitcoin…
Keep about 3 months supply of dollars, and everything else into bitcoin. That is what I do. That is what everyone should do. Vote with your wallet…
Unfortunately it is harder than it sounds. Very few are willing to make the sacrifices needed to get our financial house in order and the more we continue to be divided as a country the harder it becomes.
@@michaelriera6277 Exactly. The public can't even tolerate a little decrease in the increase. Wait till big cuts come, and the youth scream (and rightly so) that they have to pay big taxes to pay the interest on a debt they didn't accrue. We'll collect tons of money in taxes, and it'll go straight to bond holders.
Stop reckless under taxation. The last time we had a balanced budget, was when there were more taxes being paid. We should go back to the tax rates in 1999/2000.
@@ronaldlindeman6136 Will those extra taxes be spent wisely?
This Country is going down the Toilet faster than you can say, hand me some paper wipes before I flush
And you all are still using hacker thieves products who are using your data to influence and mess up the world.
Waaaahhhh! Save us Dictator Donnie!!!
@@robyoung-pl1gqyou’ve made yourself legitimately irrelevant. Typical
big words little brain@@jmsmorley
@@robyoung-pl1gqDid you vote for slow Joe? 😂 Poor baby 👶
It went up by a solid million under 40 seconds 😮😮😮 next level!!!
Sickening
It's not inflation, it's corporate greed.
Flintstone era coming back.
Gold has not caught up to inflation. It should be $3000.00
but since the dollar is not coupled with gold, it kind of does not matter :S
Gold is not the go to anymore in this society, by design I might add.
They spoof the prices, JP Morgan had to pay like $1B because of it... And now they want to get into digital currency so there will be no leaving the system of control... If these power structures collapse than we can return to a free market...
The problem with gold is it now has Crypto as an alternative hedge against inflation, and competes with other commodities.
The Gold Market is $13.6 Trillion, at $2030 an Oz.
Crypto has a market cap of $2 trillion. It's about 15% of the gold market.
Without Crypto gold would probably be a couple hundred dollars an Oz higher in value.
@@getinthespace7715you keep crypto and I'll keep my gold and silver!
Never forget, the American taxpayers bailed out Jamie Dimon in 2009.
He should be in prison.
Him and all the other banksters that have robbed us! The politicians that have cut their taxes and the taxes of corporations and the wealthy, should be accountable too!
I call it treason.
The politicians are just doing what the people demand. Two times the Republicans tried to reduce the rate of increase in spending, not "cut" mind you, and the Democrats cried they were shutting down the government. The polls went solidly against the Republicans. The public is to blame. They've seen deficit spending for years with no visible harm, so they want more of it.
Open up the pipelines
why do you want more pollution? its killing you.
Go back to your cave!!!!!@@whatever3773
@@whatever3773🤣🤣🤣
Grift harder
more flowing now than when your hero was in office, Watch real news someday.
Oh no don't speak about having common sense!
Reserve currency, petrodollar, dollar denominated debt. Those are the things holding up the American standard of living. Yet, most Americans have zero clue what they are
I used to know in college. 😂
Until the crisis arrives, it will be spending at your desire. No congressman goes to Congress to cut spending. That is for both sides. Choice between military/social spending hits on both sides and their constituents. Regardless, wall street will be bailed out.
Wall Street is virtual reality run by other-worldly bigotry...
The department of Education is the worst.
Well said
why are they the worst
Team Red & Blue won’t cut it this time we need a new party! I hope it’s not PINK 😂🚀
pretty rich, considering that nobody benefits from instability and ballooning debt more than banks who play the borrow-cheap-lend-dear game
We pay payoff the $33 million in that that we have just by stopping wasteful spending, in 10 years it would be gone
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 $600K stock portfolio against declining?
From what I've read, it seems to be a mix of factors. High government debt, corporate debt, and even personal debt are contributing to the instability. It's like a perfect storm. You should contact an expert to help you allocate stocks in your portfolio
True. Having the right financial planner is invaluable. My portfolio is well-matched for every season of the market and recently hit 90% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, though this could take till Q3 2024. I think you should do the same thing too
I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
*Natalie Marie Gentry* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless." - Thomas Jefferson
Thanks joey.
Says the dude on the Epstein list for being his banker 😂😂😂
Song been sung so long a diamond is just another stone.
Stock market not listening just begging for the rug pull
Once the population begins to decline which its about to, we will finally feel the pain of that debt.
They've been sounding an alarming for 3 decades now...
This seems like the worst period.Even the markets are very unpredictable.started investing recently when the market prices were a bit high,today i am more than 60% down
Given the prevailing market conditions and the potential risks associated with the current economy, I would recommend refraining from investing in stocks for now. Instead, it would be prudent to consider retaining a portion of your assets in gold.
It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast,
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumors and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up 850k within 2years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
Is there any chance you could recommend who you work with?
Have you heard of Julia Hope Marble"? She gets featured regularly on CNBC. I myself use tax-deferred accounts to hold my investments. That way I avoid capital gains taxes. There are other options your advisor could brief you about...
Agree with Dimon 100%. The large number of economists and Wall Street investors who are oblivious to our national debt is astonishing. We are in trouble, 100%. Not necessarily next week, but sooner or later.
That number board read out looks like a spaceship approaching the speed of light. 😮
We are so screwed
If he directly registers his GME he will be fine.
Such a dire warning, but Varney is laughing about it.
He’s not wrong
Print up $34 billion and pay it off, let see hyperinflation
Billion is the new trillion now?
My favorite silent tax. Brilliant! Everyone clings onto the dollar anyway, let the Fed leverage the entire nation's (and let's not forget all the foreign governments') cash savings to bail out america's bad decisions!
It's 34 trillion, so about 1000 times more than what you said.
And the US can't do that or no one will EVER invest in the US again. This is not a problem of large numbers, the problem is that people that hold the debt expect an investment. If the debt is not paid in full and honestly, investor confidence will be gone for generations.
@@ernimuja6991 Nobody cares, they just default on the national debt. Bank bail ins. Give some foodstamps.
Just 25 years ago Clinton had opportunity to totally pay off National Debt, same for Mrs Thatcher 10 years earlier in UK, no debt means no need to borrow from banks , Alan Greenspan then Fed Chief beliefed it would be a disaster if debt paid off, disaster foe banks!!!
Clinton was in office WITH a Gingrich led Republican House (where spending is determined) and Republican Senate ... all this happened after Dems were swept out of office in a tsunami in Clinton's first term mid-term elections
Dimon was wrong about recession happening in 2023 and he is wrong on this issue as well, his main motivator is the billionaire should not pay a fair share of income tax but to put that burden on the middle class and poor Americans. Pay up jamie
We’re spending to much money
Need term limits
USA is finished. Leave if you can.
It's the collapse of the Roman Empire.
Depending on how this election swings, I might head to south east asia in a few years.
Staying put. Not a quitter.
Where would you go.
You can only go in so much debt.
That's just a fact of life.
Did you think about "where will all the food come from to feed Joey's nonworking , free housed , free medical migrants" Or when the food supply will run out ? Get out that crystal ball ....... predict the future..... result , there is no future .
Diamond is correct kicking the can won't work it's on all of us and no one wants to pay may god be with us .Honors in question what we stand for 😢
Anyone notice that per tax payer is 2.6 times higher than per person? Tell me that’s because kids don’t pay tax, not because of all the illegals or adults who don’t pay taxes..
JOE BRIBEN Caused all of this 💩
Waaaahhhh! Save us Dictator Donnie!!!
"A government agency is the closest thing we will ever see to eternal life on Earth."
Yesterday the Nikkei was within 300 points of overtaking the DJIA and become the largest and most valuable market. Today its about 500 pts. It could happen next week.
Americans are happy to continue living their happy lives under the paper moon
Expect higher taxes shortly
I heard that the Fed needs to sell $10 trillion in treasury bonds this year? ... if that's the case, interest rates are going to skyrocket. As the market will be completely overwhelmed.
10 trillion yeah who is going to buy them
Hmm, being that the Fed only has ~$4.7T in US treasuries total, I don't see how they could sell $10T in treasury bonds this year.
I think the main issue is the difference between debt per person and debt per taxpayer.
Trump or the next President needs to tell Congress to pay down the debt with a schedule, in the budget bill, or veto the bill. I expect cuts everywhere, don't care about a shutdown, pay down the debt or veto all the bills.
Trump had a chance the last time he was POTUS and all he did was spend like a sailor and jack up the deficit even higher. He won't get this solved.
Trump can't manage money. He added trillions to debt last time.
that economic system is the problem in itself - govs don't owe money to anyone - they just need to spend it properly instead of crony-capitalism with the aim of Neo-feudalism
Default of the national debt
Trump is the most reckless spender in nation’s history, over $8 trillion added to the deficit under his watch. Trump is not the answer, he’s the problem.
How the national debt generates those harms: 1). Government borrowing "crowding out" other forms of borrowing. If there is a lot of government debt, the supply of investment alternatives for bondholders increases, so they can charge higher rates. 2). Payments the government makes on the debt become a higher and higher percentage of tax revenue over time, so there is less to spend on government programs, including in an emergency.
Notice how the debt per taxpayer is over 2x the debt per person. There's your problem.
Argentina has a positive gov budget surplus in 12 years. Just get rid of stuff you might want but dont absolutely need and voila.
But atleast Ukraine has plenty of money
Can you imagine what the 4 professional body language experts would see if they were allowed to watch and comment on congress Rep's and Senator's. Also people like Dimon and Biden,Mayorkas,both parties.
Why are they not allowed?
Yea Romney Bush's Cheneys Mccarthy McConnell the 3 RINOS who voted against impeaching markovalis or however you spell it!
Spending future money now that you did not earn and expect your future generation to pay for it is morally insane.
And that's quite a jolly way of presenting the issue as well, isn't it?
UNFINISHED DISCUSSION.
I APOLOGIZE FORTHE WAY THAT I SPOKE TO LAW ENFORCEMENT. IT WAS VERY IMMATURE OF ME.
DAN SIDEEN.
PS. I ASK THE REPUBLICANS IN BOTH HOUSES OF BOMGRESS TO CIRCULATE THIS COMMENT PLEASE.
THANK YOU,
DAN SIDEEN.
So was Mr Dimon sleeping under a rock all these years, that he didn’t see this obvious day coming?
>Since that speech by President Nixon in August of 1971 the US dollar-to-Gold link has been severed. This allowed US Federal Governments to spend in huge deficits each year since then except for a brief period in the mid-nineties. The effect of this has been that the US dollar has continually been devalued. A US dollar today is worth about three cents compared with a US dollar of the 1971, a factor of roughly thirty times.
>This devaluation of the US dollar is the real source of inflation. The reason is simple: it takes more of these devalued dollars to buy anything. The factor clearly, again, is thirty times. Look at the prices of things in 1971 and today. Just about everything is more expensive by a factor of thirty times. The increase in prices is simply the reaction to this devaluation of the dollar. Wages and salaries have not kept pace with this.
>The bottom line is that over eighty percent of all new wealth created since 1971 has ended up in the hands of one percent of the population, offshore and not taxed. The Federal government has replaced that lost taxation with public debt. In 1971 it was possible to purchase a very modest home for $10,000 but today that same house costs $300,000. More to the point: in 1971 a single-family income could buy that house, whereas today it takes two household incomes plus debt to support a family income.
Thank you for reading. Please comment.
Want to really see something depressing ,,go on this debt clock and you can look at past years like 2012 1990 etc… we’re screwed. The government is maxed out like a simple single citizen with 7 maxed credit cards… when I went back and seen 1960 , 1980 1990..it wasn’t nowhere as bad as seeing it today…we’re done
Reduce government by 10 percent all accross the board. Why would that not work?
Because 25% of GDP is government spending, $ 7.5 T
Reducing it 10% gets us to 22.5% and the deficit goes from 1.5T to 0.75T. Not much difference.
Only fix is to cut entitlements by 40%. That would bring our healthcare and SS on par with UK and France and the deficit goes to zero. This would keep the total debt at 34T and GDP growth over 10 years would bring the debt ratio to a comfortable 50%
Perfect, my retirement savings was reduced from $489,000 to $254,998, so I can almost cover my portion of the national debt.
Like it matters. They’re all lawless anyway. Look at the way they mock you.
You can call it "public debt" all you want...it's not. It's Congressional debt that the "public" never agreed to...it's illegal to amass debt in another persons name and no different than falsifying a credit card account and going on a spending spree.
Yup. And that's exactly what they want, whether they admit it or not.
Nothing is ever done about anything. Sick of inept people in charge, sick of hearing about all the crap
Hey! Let's send Billions out to other countries!
Nothing is being done because the thinking is: if you ignore it it'll go away.
Doesn’t all debt based fiat systems end the same way?
You refuse to pay the debt that's why you can't control inflation ❤
How long will YOU comply?
Definitely a good idea to roll back tax cuts going back to Reagan. We gave the rich 40+ years to show they know what they are doing, and what we have to show for it is the Kim Kardashian economy. Good idea Jamie.
My debt is zero and I've paid my cc company $0 dollars in interest over the last 20 years.
*Jamie 'DEMON' Dimon* back at it. 💯
Eat your cake now, there is no return option. Funny to see that the system is still holding.
“NY foundation says debt pile will lead to reduced public spending.“. Uh, yeah, thats the problem. Go find your money elsewhere.
Oh boy!
"Bye, bye miss American pie".
Who is this debt owed to, and where did they come up with the money to loan out? That's what people should be asking.
The debt is owned to the institutions and people who bought Treasury bonds, Treasury bills, Treasury notes. Those securities are issued to generate the money so the government can spend more than it has.
How is this guy not in jail?
He’s correct. It’s base economics, not rocket science
Maybe it would help if you would start paying your fair share of taxes for a change
Debt per Person 101k 🤣
What did you think was gonna happen when when you mor ons democrats elected Joe Biden.
Waaaahhhh! Save us Dictator Donnie!!!
They thought they were getting some kum-bye-ah land and along with peace and quiet after four years of a few mean tweets but otherwise great policies.
I'll take four years of dictator donnie over one month of applesauce joe.
Personally? I have started to buy a few govt. bonds. NOTE: I AM NOT OFFERING PERSONAL FINANCIAL ADVICE - PLEASE ASK AN EXPERT IN BOND INVESTING.
As bonds are used as an instrument to enslave a population, I am buying back some bonds, effectively buying back my own freedom. Buying govt. bonds is like giving myself a tax break, as some of my income taxes are used to pay the interest payment ('coupon') on govt. bonds. I know I can't buy a billion or trillion $ worth, but at least I am buying back some of my own debt, that is often sold off without my explicit consent.
i hate to say it but as long as we have the largest military, who's going to come collect.
Just come up with a plan to hold it at its current amount. Sounds bad if you say 34T in debt. However at the same time that is 34T in fixed income assets for the other side (Treasury Bonds). If the US could hold at 34T for 10 years it would drop debt to GDP to around 50%, of course depending on how much AI contributes to US growth.
Without tax reform and more efficient government spending the situation will get worse.
Wealthy people who complain about deficit spending should also be willing to accept higher taxes. If the economy is undermined by high government debt, their wealth will eventually suffer due to a financial crisis or because the government chooses to solve the issue using inflation.
Wealthy people only pay 2% of government spending. Even if their tax tripled it would only dent 6% of the tab. Only way to fix this is cut back entitlements and military (which is double China & Russia combined)