The U.S. debt ceiling is very unusual internationally, as most countries just pass laws laying out their tax and spending policies and make up the difference by issuing debt. However, in the U.S. this is different, there is a hard legal limit on the amount of debt the government can have and this limit is about to be breached.
If Congress don’t raise the debt ceiling in time this could trigger the first default on US Treasuries in the history of the country. This would send shockwaves through global markets. So in this video, I look at this in detail and discuss solutions such as minting a trillion dollar coin.
If you’re interested in learning more about investing then why not become a PensionCraft member? PensionCraft members can enjoy lots of benefits and to find out more about these and how to join our friendly community please click here
All information is given for educational purposes and is not financial advice. Ramin does not provide recommendations and is not responsible for investment actions taken by viewers. Figures that are quoted refer to the past and past performance is not a reliable indicator of future results.