Ok So... When Does The "Crisis" Actually Happen?

Thank you to Mint Mobile for partnering with us on this video! If you like your money, Mint Mobile is for you. Shop plans starting at $15 per month by visiting https://mintmobile.yt.link/8VRHUZQ. Disclaimer: Upfront payment of $45 for 3-month 5 gigabyte plan required (equivalent to $15/mo.). New customer offer for first 3 months only, then full-price plan options available. Taxes & fees extra. See MINT MOBILE for details. ---- Sign up for our FREE newsletter! - https://www.compoundeddaily.com/ Books we recommend - https://www.howmoneyworkslibrary.com/ ----- My Other Channel: @HowMoneyWorks @HowBusinessWorked Edited By: Svibe Multimedia Studio Music Courtesy of: Epidemic Sound Select Footage Courtesy of: Getty Images 📩 Business Inquiries ➡️ [email protected] Sign up for our newsletter https://compoundeddaily.com 👈 All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind. #debt #money #finance ----- In almost every corner of the economy today, there is the unspoken understanding that… this can’t go on forever… right? We have almost doubled our national debt in the span of six years and are now paying more than a trillion dollars a year in interest alone. Consumers have evaporated their savings and filled the gap with short term debt. We are fixing the housing crisis by just making it easier to take on more debt, and betting whatever is left on a market that is… overly optimistic… to put it generously… Almost everybody acknowledges that these systems are overdue for some kind of correction… but at the same time… nobody is exactly volunteering to pay the accrued costs. A balanced budget sounds nice until it means tax hikes and gutting government programs, everybody loves the idea of affordable housing until it’s their house that's becoming affordable and consumers have basically become a protected species that must not be interfered with. If we know this can’t go on forever, the next best question is… how long can it go on for, and does extending and pretending that these issues can be delayed indefinitely only make their inevitable comeuppance even worse?