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Economist’s “News and Views” 10-6-2024

US Debt Clock.org Ultimate Guide | US National Debt - PT. 1

Taylor Kenny:  10-6-2024

Explore the rising U.S. national debt and its impact on your financial future.

 Learn why debt per taxpayer is over $270,000 and what it means for the economy moving forward. Stay tuned for part two to find out what’s coming next.

CHAPTERS:

00:00 - Introduction

00:31 - Debt Per Citizen vs Debt Per Taxpayer

01:45 - U.S. Spending and Deficit

02:54 - U.S. Debt-to-GDP Ratio

 03:32 - Consequences of High Debt

04:36 - Preparing for What's Next

https://www.youtube.com/watch?v=kKZ8w5r1Dgg

De-Dollarization: China Squeezes USD Debt By Guaranteeing RMB Bonds In The Global Markets

Sean Foo:  10-6-2024

The currency wars are heating up with China using their world bank to guarantee RMB bonds. This is a big move to internationalize the Chinese currency while chipping away at US dollar dominance in the debt market.

Here's how it works and why this could evolve into a big threat against the dollar system.

Timestamps & Chapters:

0:00 China Challenges USD Debt

 3:14 Beijing Guarantees RMB Loans

4:41 Sponsor: Invideo AI

6:21 China To De-Dollarize Global Trade

10:10 China Economic Plan

12:48 China Debt War Escalates

https://www.youtube.com/watch?v=tNuGmecGM6Y

Hungary SHOCKS the EU by Joining BRICS… What the Hell Is Happening?

10-6-2024

As Hungary faces growing tensions with the European Union over democratic standards and foreign policy, Prime Minister Viktor Orban's government is increasingly looking eastward.

 With legal actions and frozen funds looming, Hungary is finding new opportunities in BRICS, the global bloc challenging Western dominance.

What are the implications of Hungary's shift toward BRICS for its future and the EU?

Find out in this deep dive into Hungary's evolving geopolitical strategy.

https://www.youtube.com/watch?v=esFXJQm-fSc