The truth about why we’re destined to be poor: Exposing the Ponzi scheme of the dollar and U.S. debt

"The dollar is our currency, but it's your problem." ----- U.S. Treasury Secretary John Connally, 1971 0:00 The bankruptcy crisis of U.S. national debt 1:43 What are U.S. Treasuries? 3:56 The U.S. fiscal year has suffered consecutive losses 5:20 Ponzi scheme: borrowing new debt to pay off old debt 7:54 Dollars for unlimited copies 9:17 Scams and Exploitation 11:00 CPI Illusions and Real Scams 14:20 Currency vs Purchasing Power 15:04 Change your behavior 16:21 Fairness in unfairness Source: Microsoft Corporation Net Income www.statista.com/statistics/26... Microsoft Corporate Bonds www.wsj.com/market-data/quotes... U.S. Treasury Department: Government liabilities are greater than assets www.fiscal.treasury.gov/report... History of the U.S. Federal Debtfred.stlouisfed.org/series/GFD... U.S. public debt as a share of GDPfred.stlouisfed.org/series/GFD... History of U.S. Treasury “statutory” debt ceiling adjustments home.treasury.gov/policy-issue... Treasury Secretary Yellen: The U.S. debt ceiling must be raised www.youtube.com/watch?v=RDvgEo... U.S. Treasury bonds held by the U.S. central bank fred.stlouisfed.org/series/FDH... M2 (broad money aggregate) trendfred.stlouisfed.org/series/M2S... The latest US CPI www.bls.gov/news.release/cpi.n... U.S. CPI weight adjustment over the years www.bls.gov/cpi/additional-res... U.S. debt credit rating downgradedwww.fitchratings.com/research/... U.S. Budget Department www.budget.senate.gov/ranking-... JP Morgan CEO: U.S. debt is an obvious crisis finance.yahoo.com/news/jamie-d... Report on the gap between rich and poor in Taiwan (Shang and Zhou) www.businessweekly.com.tw/focu... Bridgewater Associates Big Debt Crisis www.bridgewater.com/big-debt-c... Ray Dalio, founder of Bridgewater Associates: The U.S. debt crisis will eruptwww.cnbc.com/2023/09/28/ray-da... BlackRock Bitcoin Spot ETF abmedia.io/sec-approves-blackr... Recommended books on finance and economics: "Snowball" Warren Buffett "Poor Charlie" Charlie Monger "Rich Dad Poor Dad" Robert Kiyosaki "Apple-Orange Economics" Levitt & Dubner "Misconduct" Richard Thaler Free community various social resources: Line, IG, Popular video🔥Introduction to quantitative trading "grid trading" for beginners: reurl.cc/k7njWG 🔥 Complete Binance account opening in 3 minutes: reurl.cc/44L7DY The first choice for newbies in the crypto to open an account! Top platforms reduce handling fees! ⚫️OKX (Top 2 in the world, the most powerful wallet) ✅20% reduction in handling fees www.okx.com/join/BRAIN20 🟡Binance (the world’s largest and most comprehensive) ✅20% reduction in handling fees accounts.binance.com/zh-TW/reg... 🟠Pionex (grid and free AI robot) ✅20% fee reduction + up to 1125 trial credits www.pionex.com/zh-TW/sign/ref/... Nao Ge’s other fans🟪 Instagram www.instagram.com/crypto_brain... 🟦Facebook www.facebook.com/brainbro69 music source Envato Elements Item、Youtube、Pikbest Riviera by Smith The Mister smiththemister.bandcamp.com Music promoted by Audio Library youtu.be/qonPqql2sP0 Take It Easy by Luke Bergs | soundcloud.com/bergscloud Music promoted by www.chosic.com/free-music/all Creative Commons - Attribution-ShareAlike 3.0 Unported Sneaky Snitch by Kevin MacLeod | incompetech.com Music promoted by www.chosic.com/free-music/all Creative Commons CC BY 3.0 Sweet by LiQWYD | soundcloud.com/liqwyd Music promoted by www.chosic.com/free-music/all Licensed under Creative Commons: Attribution 3.0 Unported (CC BY 3.0) Fluffing a Duck Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http:/creativecommons.org/lice... Monkeys Spinning Monkeys Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http:/creativecommons.org/lice... Beach Buggy by Smith The Mister smiththemister.bandcamp.com Smith The Mister bit.ly/Smith-The-Mister-YT The Happy Funk elements.envato.com/the-happy-... ID: JZYHMQ2 This channel does not provide financial advice. We are all gonna make it. Enjoy your crypto adventure. Cryptocurrency investment is high risk. This video is market information and personal opinion sharing and does not constitute any investment advice. #USdebtcrisis#Ponzi scheme#financial crisis#Bitcoin#Warren Buffett