Colin's Last Stand, Episode 54: America's $1 Trillion Debt to China

Thank you! I'm glad you enjoyed it.

Colin Moriarty

Poll tax! Thank you for our support.

Colin Moriarty

Thanks Colin...great vid and very informative.

Travis farmer

Thanks for all the vids Colin! Just put my name and $2 in The Ballot Box. Keep up the great work!

Robby Deadman

I'm glad you found the video useful! Thank you for watching.

Colin Moriarty

I've tried researching this topic in the past, but it's so big it was tough to find a good starting point. Thanks for this solid introduction in.

Josh Squires

I'm so glad to hear that!

Colin Moriarty

You're very welcome. I'm glad you enjoyed it!

Colin Moriarty

That was a fantastic show Colin! My wife gets so tired of hearing me talk about “what Colin Moriarty is talking about today.” But tonight, she actually stopped reading her book and started commenting on the video and agreeing with some points of yours. Definitely a success!

Austin Killian

Colin thank you so much for making this video on my topic. And thank you all who voted at the $2 and up level!

Thanks for watching ma!

Colin Moriarty

Thanks! All it took was some reading and pondering. Then again, I didn't get too deep!

Colin Moriarty

<3

Colin Moriarty

We have a consumerist, money-spending mindset. If we don't shake it, we will ultimately lose!

Colin Moriarty

They seem to raise the debt, so they're inherently bad.

Colin Moriarty

Thanks! But thank the audience at the $2+/month level more. They're the ones that voted for this bad boy.

Colin Moriarty

Wow, bud! This is some complicated stuff. Thank for taking the time to sift through what I'm sure was tons of information to shed some (much needed) light on the topic. 👍🏻❤️

BettyAnn Moriarty

Probably the app. 🤓

Spytle

I am sorry for the wall of text, but mobile is a pain for trying to start a new paragraph. What am I missing, iPhone!?!?

Spytle

I understand. My comment is kind of lazy and rambling. I was struck by the loop he described. To me, one thing that fuels it is our consumption of cheaper goods. My use of austerity was targeting that - not that we should impose austerity from the top down, but from the bottom up. In the video, it feels like the whole thing is initiated from the bottom up (us) in our economy. To me, this leads to a line of thinking regarding our own needs - we over spend and purchase a lot in this country (arguably anecdotal) and perhaps the loop can begin to shift at that point. I don’t think we should do it top down, but that end eventually gets hit by the ripples. Innovation is important and we do need something driving innovation and growth.

Spytle

Austerity the way Britain is doing it is not a good idea. You don't want to kill innovation or consumer confidence, which the right-wing in Britain has been guilty of, in creating depression and foodbanks in areas outside its voter spots, which limits the country. Austerity ironically feels like a communist-type situation but done by the right wing government. If you are gonna cut it needs balance to encourage the economy as a whole.

Peter Campbell

Terrific video. I'm sure some of the research was exhausting in trying to figure it out but it was very interesting in how the country is borrowing for its future for its present.

Peter Campbell

I'm not sure I made an intelligent point there, but whatever. ;P

Spytle

"Delicate Dance" is an apt description. It's mind boggling to actually think about how we get out of this dynamic. It seems to me, and I am not educated on this at all, that if we were to go into an austerity mode as a nation, both in government and personal spending, then we might work our way out of this dependency as cleanly as possible. If we spend less on frivolous goods (and honestly, who wants ot do that!?) we have more in our pocket to run our lives. If the federal government can then spend less, and we bear the cost ourselves on a local and state level, maybe we can work our way out from under this. This is not a rant on entitlements, because some of those are needed, but rather contemplating the point made in the video that we borrow so we can consume product (transitively through paying for other things we already get and don't need ot spend money on).

Spytle

Colin, what is your view on these tax cuts? good or bad idea?

Joey Finelli

Really excited to dive into this one! What a facinating topic 👍

Prince Borutski