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Is This The End Of The US Dollar Dominance? - A Chat About U.S. National Debt

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Manage episode 387919564 series 3534517
Content provided by LBW Wealth Management. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by LBW Wealth Management or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Because the U.S. has been running on a deficit (less tax revenue than the total spending) for the last few decades (with a few exceptions), we have a debt problem. The U.S. national debt hit $31.51 trillion as of Jan. 26. 2023. Our current debt ceiling is $31.4 trillion. What happens then? Nathaniel and Tim discussed how Congress can increase the debt ceiling (once again), how the dollar being a global reserve currency plays an important role in our national debt issue, and what happens if the country defaults on its debt. Overall, the odds of default are unlikely now. But for the long term, it's definitely something that we should keep a pulse on, for the consenquences will be catastrophic.

  continue reading

171 episodes

Artwork
iconShare
 
Manage episode 387919564 series 3534517
Content provided by LBW Wealth Management. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by LBW Wealth Management or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Because the U.S. has been running on a deficit (less tax revenue than the total spending) for the last few decades (with a few exceptions), we have a debt problem. The U.S. national debt hit $31.51 trillion as of Jan. 26. 2023. Our current debt ceiling is $31.4 trillion. What happens then? Nathaniel and Tim discussed how Congress can increase the debt ceiling (once again), how the dollar being a global reserve currency plays an important role in our national debt issue, and what happens if the country defaults on its debt. Overall, the odds of default are unlikely now. But for the long term, it's definitely something that we should keep a pulse on, for the consenquences will be catastrophic.

  continue reading

171 episodes

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