THE TRUTH ABOUT THE US DEBT | Wallstreet Trapper (Trappin Tuesday's)
Trappin Tuesday's
Wallstreet Looks Like Us Now Network
4.9 β’ 2K Ratings
ποΈ 25 October 2024
β±οΈ 20 minutes
ποΈ Recording | iTunes | RSS
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| 0:00.0 | The total US debt jumped $473 billion over the last three weeks alone to a record of 35.8 trillion dollars. That means that the US has taken on 1,450 a debt for every American over the last three weeks alone. |
| 0:27.0 | Watch this. |
| 0:28.0 | It also means that the US now holds a record of $103,700 of debt for every American. |
| 0:39.2 | In 2024, the US paid a total of 1.16 trillion of interest on the debt in the first year in its first year |
| 0:47.9 | above the $1 trillion mark. In interest alone, the US paid $3,360 for every American |
| 0:57.2 | in the fiscal year of 2024. |
| 1:00.0 | So watch this, here's what I want you to understand about this. |
| 1:03.0 | The 35. So why is this? Here's what I want you to understand about this. |
| 1:11.7 | The 35.8 trillion dollars in debt that they own, that they own that they own |
| 1:16.5 | paid 1.16 trillion in interest, which means they still haven't even touched the debt. |
| 1:21.5 | That's the part I need you to understand. |
| 1:23.7 | So let's say like your house note is $3,000, right? |
| 1:28.4 | You might be paying 1900 in principle in the rest, I mean 1900 in principle in the rest I mean 1900 in interest in the rest in principle so what they'll tell you is |
| 1:37.8 | Once you pay that go make another thousand dollar another five hundred dollars and that'll go straight to the principal and that's how you pay your house off early |
| 1:47.2 | Because you got a service the debt |
| 1:50.4 | Ain't no debt free right so? So when you pay debt, you gotta pay the debt because somebody said |
| 1:57.8 | mortgage is a scam. Scamish. |
| 2:03.0 | And we said, scamish, I'm with you, right? |
| 2:07.0 | So we got to understand that, that 1.16 trillion, Jose Jose is just the interest. It ain't even tapped into the 35.8 trillion |
| 2:18.2 | America can actually owe you when you buy bonds |
| 2:22.1 | So when you buy so that's what America is in. America is at hell, that's why, |
| 2:26.6 | listen, that's why, why's this Jose, why's this gonna be good. That is why 80% of the money that in circulation now did not exist 10 years ago. |
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