??? ??? ??????? ??????➜➜➜ https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin Use the discount code YT99 to get the best price. In this video, I discuss the complications involved if the US government were to cancel some of its own debt, as part of a debt jubilee. A US Treasury (government bond) is a liability of the US federal government, but it is an asset for those who hold them-- and that includes a lot of retirees and pension plans. If you cancel the debt, you are basically stealing from ordinary people who have put their retirement savings into Treasuries. Governments and their politicians will always choose instead to have the debt monetized by the central bank. If there is too much debt and not enough buyers, central banks will step in with printed money to buy the bonds. This devalues the currency over time and destroys purchasing power, but it is a form of silent theft that doesn't get politicians thrown out of office in the same way that a default would. Markets are rallying strongly after the Fed emergency meeting yesterday, suggesting that something more substantial than debit cards was discussed at the meeting. Not investment advice! Consult a financial advisor. US total public debt: https://fred.stlouisfed.org/series/GFDEBTN Chart of debt/GDP: https://fred.stlouisfed.org/series/GFDEGDQ188S Debt Jubilee: https://en.wikipedia.org/wiki/Jubilee_(biblical) Bank of England pivots to protect pension funds: https://www.ft.com/content/756e81d1-b2a6-4580-9054-206386353c4e Fed emergency meeting press release: https://www.federalreserve.gov/newsevents/pressreleases/bcreg20221003a.htm Sunshine Act: https://www.acus.gov/sites/default/files/documents/17%20Government%20in%20the%20Sunshine%20Act%20Basics.pdf Check out my online trading courses: https://www.trader.university/join Use this secret coupon code to get a discount: YT99 Check out my Amazon best-seller, "A Beginner's Guide to the Stock Market": https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5 I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #debt #treasuries #bitcoin Disclaimer Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading. ... https://www.youtube.com/watch?v=w41pMHvWw2k