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
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
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.