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InvestTalk

InvestTalk 6-6-2024 – Could a 'Value-Added Tax' Be a Potential Solution to Our Crippling Debt Problem?

InvestTalk

Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors

Entrepreneurship, Business News, News, Investing, News Commentary, Business

4.41.5K Ratings

🗓️ 7 June 2024

⏱️ 50 minutes

🧾️ Download transcript

Summary

According to the Congressional Budget Office, interest on the national debt in 2024 will cost a staggering $870 billion, a sum that exceeds the amount we spend on defense.

 

Today's Stocks & Topics: DG - Dollar General Corp., CLIP - Global X 1-3 Month T-Bill ETF, Market Wrap, Could a 'Value-Added Tax' Be a Potential Solution to Our Crippling Debt Problem?, CIVI - Civitas Resources Inc., Treasury Debt Buy-Backs, KNSL - Kinsale Capital Group Inc., MLI - Mueller Industries Inc., THC - Tenet Healthcare Corp., The Diamond Market, HEES - H&E Equipment Services Inc., Life Insurance Companies.



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Transcript

Click on a timestamp to play from that location

0:00.0

On radio, on YouTube, streaming live on Invest Talk.

0:09.0

And for our podcast subscribers, this is Invest Talk, above average investing for the average investor.

0:17.0

Invest Talk is made possible by KPP Financial, a registered investment advisor firm, serving clients throughout the United States.

0:26.5

Here is KPP Financial Chief Executive Officer, Financial Advisor Justin Klein.

0:39.0

Good afternoon fellow investors and welcome back to Invest Talk. This is our Thursday June 6, 2024, edition.

0:43.2

I'm Justin Klein, and my objective here

0:45.7

is the same as it is every day, which

0:47.4

is to help you become a better investor.

0:50.4

And normally we get right to the calls, but I wanted to highlight today being the 80th anniversary of one of the most important events in modern human history.

1:04.4

And that is D-Day.

1:06.5

And it was this date back in 1944 that the Allied forces began their invasion of France to push Germany back and push out their

1:17.9

war machine and ultimately win the war.

1:21.7

Now the Allies were led by the so-called Big Three, the UK, Soviet Union, and the United States,

1:26.3

which were principal contributors of the manpower. The massive military invasion known today as the Normandy landings

1:35.4

nicknamed D-Day and it was targeted on the beaches in France and today in 1944 seems like a long time ago.

1:46.7

But in reality, many people in the Invest Talk audience

1:49.3

probably had a father, grandfather that were fighting during that time.

1:57.0

And I know I had a great-grandfather that was in World War II. Well not great

2:04.5

grandfather, a great uncle that was in World War II. And he died. He was

2:10.0

a fighter pilot. So this hit home to me and the invasion forces at that time

2:16.5

included 7,000 ships. Think about that and landing crafts. More than 2 million

2:21.5

Allied soldiers, sailors, pilots, medics, etc.

...

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