That we have only one month left in fiscal 2020 the us a spent 6. 05 trillion and collected just 3. 048 trillion which means that its outlays are 100 percent more than its receipts many are asking why dont we do we even collect this 3 charlie and taxes why dont we just like print money for everybody right it brings up a lot of questions you know one thing is that the deficit is to you and us more than 100 percent of g. D. P. And thats true for countries around the world and some play 20300 percent g. D. P. But whats creeping up now is the interest on that deficit even at these low low Interest Rates near 0 percent Interest Rates that interest cost on the deficit is getting close to americas outlay for the military which is their biggest expense so usually what happens when in fact the interest on the debt gets to a point where that also equals your g. D. P. As a country you are technically in default and you are officially no longer a country what is left is a memory of a country you k
Like oh my god this cant last and then hit 20 trillion and at 25 trillion and you know you wonder how long it can go parabolic like can it get to 100 trillion can it get to a quadrillion and the world continue as it is but if feels like you know if youre comparing it to the game of monopoly that somebody is cheating and somebody is getting free goods and services and rental income and things like that right the dice are loaded right and when the bankers roll the dice they somehow always pascoe collect free money and get another property when everyone else rolls the dice somehow they end up a prison and so thats the way this game is played and thats why they wealth and income gap. Exploded polarization and the social unrest in america hasnt been this bad i think its worse than the vietnam war its you got to go back to the civil war to find social unrest as bad in america as it is today well you talked about you know you get it another property on this monopoly board you get handed that
And who knows like the whole time when it 1st hit a trillion people were shocked and scared and then when it hit 10 trillion people like oh my god this cant last and then they hit 20 china not 25 trillion and you know you wonder how long it can go parabolic like can it get to 100 trillion can it get to a quadrillion and the world continue as it is but if feels like you know if youre comparing it to the game of monopoly that somebody is cheating and somebody is getting free goods and services and rental income and things like that right the dice are loaded and when the bankers roll the dice they somehow always pascoe collect free money and get another property when everyone else rolls the dice somehow they end up prison and so thats the way this game is played and thats why the wealth and income gap. Exploded polarization and the social unrest in america hasnt been this bad i think its worse than the vietnam war its you got to go back to the civil war to find social unrest as bad in ame
You informed on overwhelm. Were all in this sphere and together to make it through. To save everybody Stacey Stacey stay safe the priest insists a. 2 trillion dollars of dodgy cash flows at some of the worlds biggest lenders and thats despite Financial Regulation the data leak reported over the weekend has triggered calls for an e. U. Wide Anti Money Laundering Authority to talk to an expert to find out more also coming up good and bad news from the aviation sector ed boss reveals plans for its 1st 0 emission aircraft i know times announces that more cuts due to the pandemic. And bikes are looming council. Why is keep up the demand to go to taiwan war. What counted up your business im going to johnson the lender to have you with us now theres nothing wrong with money wherever it comes from and whatever its used for at least that seems to have been the motto for some of the worlds biggest lenders including germany stacia bank a network of journalists has uncovered trillions of dollars o
For its 1st 0 emission at craft. Announces more cuts due to the pandemic. Advice. Can suppliers keep up with demands we go to taiwan. But time to do business i want to johnsonville in with us now theres nothing wrong with money wherever it comes from and whatever its used for well that seems to have been the most some of the worlds biggest lenders including germany starchy bank and network of journalists has uncovered trillions of dollars of suspicious cash making its way through the Financial System that despite strict anti Money Laundering regulations but apparently those stones work across national borders. 2 trillion dollars but so much the International Consortium of investigative journalists say tortured burned j. P. Morgan h. S. B. C. And several of the large global banks laundered on their clients behalf. Their report comes after gaining access to thousands of suspicious activity reports which banks have to file with u. S. Regulators when red flags are raised for journalists a