Today we will go over the debt ceiling impasse in Washington D.C. and also an address by House Speaker McCarthy to the NYSE on April 17, 2023.
My conclusion from listening to Speaker McCarthy's address is that the current debt ceiling impasse could be not just disastrous for America and the dollar but for the whole world.
House Speaker Kevin McCarthy Delivers Economic Address at NYSE:
BRICS Draws Membership Requests From 19 Nations Before Summit: https://archive.ph/juzno#selection-3469.0-3480.0
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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.
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Video Chapters:
00:00 Introduction
01:07 A US Debt Default would impact the whole world
03:08 This time it could be different
04:11 A total shutdown of the world?
07:10 Speaker McCarthy's warning to the NYSE
15:05 A debt default would damage the dollar irreparably
17:46 Market update