U.S. Is $38 Trillion in Debt… But Still Coming for Your Money
Published: 2025-11-15
Status:
Available
|
Analyzed
Published: 2025-11-15
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 3
Prediction
Topic
Status
In 2024, US government interest payments on debt exceeded defense spending for the first time in history.
"And for the first time in the history of American history, the government is paying more money to pay off the interest than they are on our military or defense."
Incorrect
The US national debt is currently increasing at historically rapid rates.
"we are increasing our national debt at still some of the fastest rates we have ever seen."
Correct
The US is currently paying higher interest rates on its debt than it has in over twenty years.
"But we're also paying significantly higher interest rates than we have seen in more than two decades."
Correct
The US national debt is projected to grow by approximately $1.5 trillion annually.
"the national debt is growing by around a trillion and a half or so a year."
Correct
The Federal Reserve has the ability to create money and lend it to the US government.
"So they have a special power which allows them to essentially create this money and then lend it to the United States government."
Correct
Inflation is described as a hidden tax.
"And this is that hidden tax called inflation."
Pending
Inflation disproportionately harms the financially uneducated and poor, while benefiting the financially educated and wealthy through increased asset values.
"And the thing about this hidden tax is it is disproportionately felt by the financially uneducated and the poor versus the financially educated and the wealthy benefit because when inflation happens, guess what? The stock market goes up, real estate values go up, rental properties values go up, rental prices go up for the landlords, and so it benefits the financially educated while hurting everybody else."
Correct
Between 2019 and 2024, the S&P 500 grew by approximately 80%, significantly outpacing reported inflation (22%) and wage growth (20-21%).
"If you look at the last from 2019 to 2024, the reported inflation numbers are around 22%. Wage growth is around 20%. Maybe 21% in that range... But at the same time, the S&P 500 has grown by around 80%."
Correct
The current economic system is structured to keep people in poverty.
"Our economic system is designed to keep people poor."
Pending
Government spending leads to inflation, which in turn keeps people poor.
"The government continues to spend money which creates inflation which keeps people poor."
Incorrect
A decade of financial sacrifice, involving spending less and earning more, is recommended to accumulate wealth.
"what I'm saying is go through the decade of sacrifice, of spending less, earning more. It's tough financially, but that's going to give you some more money."
Pending
Investors may experience disappointment with no returns in the initial years of investing but should persevere.
"You're going to be very disappointed in the first couple of years because you see no return. You don't see anything happening, but you got to stick with it."
Correct
After a decade of sacrifices, individuals can expect significant personal transformation and the building of substantial wealth.
"Then what's going to end up happening? You go through the decade of sacrifices. Now you turn around and you don't recognize the person that you were 10 years ago. You won't even recognize yourself 3 years ago. But this is where now you will start to build this real wealth fund for yourself."
Pending
Debt, including credit cards and lines of credit, is used to enable individuals earning $50,000 annually to stimulate the economy at a rate of $80,000.
"how do we get somebody making $50,000 a year to stimulate the economy by $80,000 a year? Credit cards, lines of credit, other forms of debt."
Incorrect
Living within one's financial means, aligning lifestyle with income, and avoiding overspending are key to financial stability.
"And you're not living in, you know, uh you're not living out of your means. So, you've figured out how to have a comfortable lifestyle, a lifestyle that suits you, that it aligns with your your financial income, and you're not choosing to overspend,"
Pending
Shifting focus from material possessions to experiences and memories is crucial for true fulfillment.
"Now you realize, well, what's something bigger? What's going to really give me that fulfillment? What is going to give me those memories? And it really goes back to what you were just saying, which is a mindset shift because everyone says, 'Oh, it's going to suck living smaller. It's going to suck doing this.' Well, it doesn't have to."
Correct
Starting a business, despite the hard work, can be a thrilling and enjoyable experience.
"When I'm sure when you were starting your business, you were working hard, but you were probably having the time of your life. It was a Yeah, it was a thrill."
Correct
Witnessing extreme poverty, such as child labor for survival, provides perspective and fosters appreciation for one's own circumstances.
"It puts your mindset in perspective. When you're eating at a nice restaurant and you're getting your cup of coffee and you're spending $8 for coffee and you see a child working 12 hours a day because she needs to support the parents to live that day. It puts your life in perspective and makes you realize, oh, okay, maybe I can be more fulfilled with what I have."
Unrated
Individuals in first-world countries, particularly English speakers, possess significant privilege that is often overlooked, leading to self-victimization rather than recognizing opportunity.
"And when you have so much, we'll call it privilege of being able to speak English, of being able to be in a first world country, you start to then create victimizations of yourself and you start to create these like 'it's difficult for me because of X Y and Z versus other parts of the world you might not have that privilege.'"
Pending
Adopting an 'immigrant mindset' involves recognizing that risk has been taken (leaving everything behind) and focusing on the opportunity that lies ahead.
"think like an immigrant in the sense that when an immigrant comes to a new country, they've already given taken the risk, right? Where risk is I have I've left everything and now I have opportunity."
Unrated
Difficult circumstances do not equate to impossibility; opportunities for success exist, particularly in first-world countries.
"It might be hard because of the cards you're dealt. It might be difficult because of the circumstances you've had. It might be difficult because of certain things that have happened in your life, but that doesn't necessarily mean it's impossible. And if you are in a first world country, it is possible."
Pending
Belief is paramount for success, and while negativity is prevalent, successful individuals invariably overcome significant adversity and failures.
"And number one, you got to believe. You got to believe. And there's a lot of negative people out there. Misery loves company. It It is very easy to find, especially when you've been punched in the face, especially when you've been scammed, especially if you've been when you've been screwed over. But if you look at any successful person, they've gone through a lot of crap."
Unrated
Successful individuals have a higher frequency of failure compared to the number of attempts made by most people.
"Successful people have failed more times than most people have even tried."
Correct
The speaker acknowledges making numerous costly mistakes in real estate investing, suggesting a learning process that requires multiple attempts and significant financial investment.
"I made a lot of mistakes in real estate. See, I I think I'm I'm definitely not the smartest person, right? When the reason why I say that is because a smart person will make a mistake and learn that mistake. It takes me three tries. Mean takes me years, man. It takes me a lot of tries. And so that means it costs a lot of money."
Pending