Debt Ceiling Crisis: World’s Financial System at Risk?

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Investing, Business

4.7 • 3.1K Ratings

🗓️ 10 May 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Should you be worried about the debt ceiling crisis? Although political leaders have so far been unable to come to an agreement, we'll tell you what history says will happen and what it means for your finances. Jump start your journey with our FREE financial resources Reach your goals faster with our products Take the relationship to the next level: become a client Subscribe on YouTube for early access and go beyond the podcast Connect with us on social media for more content Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	brace yourself.
0:01.5	That ceiling crisis.
0:03.6	Is the financial system really a risk?
0:12.4	Brun, I'm excited to talk about this one
0:14.2	because I feel like there is so much noise
0:17.3	out there in the world right now
0:18.7	that you cannot turn on financial media,
0:20.4	you cannot pull up a website
0:22.0	without this being front and center.
0:23.8	It sounds like something horrible must be going on
0:27.4	and so we should all be aware of what's happening
0:31.4	and what we should do right now.
0:32.8	I feel like in a moment like this,
0:35.4	context and information can really give perspective
0:39.8	and help our audience out.
0:40.8	Absolutely.
0:41.6	So, but nothing is better than just going out there
0:45.4	on Google, typing in, give me the definition
0:48.2	for anybody who has just been sleeping
0:50.6	or just too scared to ask the public,
0:53.0	what is the debt ceiling crisis?
0:54.8	Yes. So here's the definition.
	...

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