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628-Federal Debt: The Ticking Bomb that No One is Willing to Defuse

628-Federal Debt: The Ticking Bomb that No One is Willing to Defuse

FromRadical Personal Finance


628-Federal Debt: The Ticking Bomb that No One is Willing to Defuse

FromRadical Personal Finance

ratings:
Length:
57 minutes
Released:
Mar 6, 2019
Format:
Podcast episode

Description

We face a massive problem in the United States right now. Put simply: We are borrowing more money than ever before. There's no plan for us to borrow less money in the future. There's [almost] no mathematically sound plan that can be created to have us borrow less money in the future. No major, national politician is loudly, consistently talking about how we can spend/borrow less money. Rather, there are loud, vigorous, and strengthening forces moving in the direction of borrowing even more money. The government has only three sources of funds: Taxation (bad for you if you earn money or have wealth) Borrowing (bad for you if you're a citizen, not an investor) Inflation (bad for you if you're a saver) There's enough evidence for honest, careful people to predict the strong probability of future crises. The problem is, we can't know when these crises will occur. But it's time to start preparing. Joshua "We've Never Had Deficits Like This During Peace and Prosperity Before" https://reason.com/blog/2018/10/17/budget-deficit-trillion-dollars-riedl New Course: "How to Survive and Thrive During the Coming Economic Collapse: A Rational, Modern Approach" https://www.radicalpersonalfinance.com/store
Released:
Mar 6, 2019
Format:
Podcast episode

Titles in the series (100)

Joshua J Sheats, MSFS, CLU, ChFC, CASL, CAP, RHU, REBC is a financial planner who teaches people how to live a rich life now while building a plan for financial freedom in 10 years or less. He mixes creative approaches to lifestyle design, deep-dive financial planning techniques, and hard-core business strategy to equip you with the knowledge and inspiration you need to build financial independence.