4.4 • 1.1K Ratings
🗓️ 6 January 2025
⏱️ 23 minutes
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0:00.0 | Why is the stock market taking off? Why are stocks suddenly surging? Well, we have an answer for you. It could have to do with the debt ceiling. Hey, everyone, welcome in to the investing in real estate show where we hope to make you a more intelligent investor on this show. So you might |
0:21.8 | be looking at the stock market and saying, well, what the world is going on here? Why is it surging |
0:26.3 | right now? Well, when you have the debt ceiling that has just been removed from the playing field, |
0:32.2 | like we're not going to hit this debt ceiling anymore, we've now just, you know, it's wide open, |
0:37.2 | blue skies. That's free money, |
0:39.5 | right? And that's why these Wall Street companies are getting richer. So all these Wall Street |
0:44.3 | companies getting richer. And people who are buying into these companies are making money. |
0:49.6 | But America, of course, is suffering big time. And we're seeing the devaluing of the U.S. dollars. |
0:55.8 | So you can allow the national debt to continue to rise. You know, we just hit over $32 trillion in national debt for the United States. |
1:04.3 | It's unbelievable, unbelievable. And now we know that the debt payments alone are going to exceed, or the interest payments alone on that |
1:12.1 | debt are going to exceed a trillion dollars. I mean, it's absolutely unsustainable. And then, of course, |
1:17.9 | you have all of these other nations that are joining up with the BRICS nations right now, |
1:22.6 | you know, Brazil, Russia, India, China, South Africa, and you have all of these countries that want |
1:27.3 | to be a part of |
1:27.9 | what Bricks has to offer. And in August, they're having the big Bricks summit. A number of other |
1:34.3 | countries have now come forward saying, we want to join you guys instead of the U.S. dollar. |
1:39.4 | Italy was probably the biggest announcement over the past week, announcing that, yes, we want to start |
1:44.5 | settling transactions in the ruble, in the Russian ruble, not the U.S. dollar. |
1:50.2 | Here's a U.S. ally in Europe saying, we're done with the U.S. dollar. |
1:55.8 | I think we're going to move away from that, move towards a country and a conglomerate of countries, the Bricks |
2:02.7 | nations that have a currency backed by gold, backed by silver, backed by actual commodities. |
2:09.6 | So when you look at what's going on in the stock market right now and you see these surging |
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