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Peak Prosperity

US Treasury Dept Says, “We’re on a Fiscally Unsustainable Path”

Peak Prosperity

Chris Martenson

Investing, Business, Government

4.7591 Ratings

🗓️ 29 March 2024

⏱️ 60 minutes

🧾️ Download transcript

Summary

The US is on a fiscally unsustainable path, which has dire implications. Tough words, but they aren’t mine, they are those of the US Treasury Department. Those who can absorb these ideas and respond early tot heir implications have the best chance at a more prosperous future.

Transcript

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0:00.0

Hello, everybody. Chris Martinson here, and today we're going to be talking about finance

0:03.9

and economics as part of finance you. Remember, anything that you see in this video and all

0:10.2

resources available at our websites or affiliated websites are not intended as or construed us financial

0:15.8

advice. This is for educational purposes. Remember, if you have a financial decision, please

0:20.7

consult a financial

0:21.7

professional. We are not attorneys. We're not CPAs. We are not financial managers. As well, we do our

0:28.4

best to be accurate, and everything we represent is as accurate as we know it to be. Now, let's turn

0:33.3

to our program. They said that. The quiet part, right? It's right here in this report from this fringe

0:39.4

outfit called the Treasury Department that says, we're on an unsustainable path. Now we have to

0:45.4

talk about what that means. Hello, everyone, Chris Martinson at Peak Prosperity and Peak Financial Investing here with you again.

1:03.2

Back with Paul. Paul Kiker of Kiker Wealth Management. Good to see you, Paul. Good to see you as well, Chris.

1:09.2

Always a pleasure. Oh, likewise. Likewise. Great

1:12.8

conversations we've been having, and I'm eager to continue this one today. So, you know,

1:19.6

I care a lot about people being financially secure and well. As you know, during my COVID reporting,

1:24.6

I found that a lot of people found that they did not have the ability to resist certain things because they didn't have financial freedom, right? They had to

1:32.9

go to work. They had to get a paycheck. They've got kids in college. Whatever the stories are,

1:36.5

all complicated. But for people who didn't have the financial freedom to say no to certain things,

1:42.8

they had to really put up with some things that were not

1:45.1

ideal. You were declared an essential worker and sent out into situations maybe you didn't want to

1:49.2

go into. Maybe you were forced to take the magic holy thing, which we now know was not very

1:54.0

magic or holy, you know. And so all of that's coming out now. So financial freedom matters a lot. And, you know, Paul, I'm a big picture guy. There's some stuff coming that people need to know about, and I want them to know about it. And there's no easy answers to this stuff, but it's right there for us to see if we have the eyes for it. It's there for us if we can hear about it. So I just

2:18.6

want to throw that out there. And by the way, this stuff comes to me through a really wacky.

...

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