Catherine Bell and a co-host warn that macroeconomic risks like Evergrande's collapse, U.S. debt-ceiling delays, and a nearly $30 trillion national debt threaten pensions and retirement accounts. They argue self-directed IRAs let you control where your money goes and avoid third-party fees.
Questions this video answers
Almost $30 trillion of acknowledged U.S. national debt.
About one fifth (20%).
Roughly 14–15%.
Almost a quarter of a trillion dollars.
Almost a quarter of a billion dollars.
Chapters
Good afternoon, everyone. This is me being very somber because I have a somber message for you. Actually, Kathryn has a somber message for you. I get to be the comic relief like I always am, or at least attempt to. It's a futile effort, I know. However, hey, we really do want to talk to you about a serious subject here coming up, and what's happening in the world and why it's important to you. As you know, about a month ago or so, Evergrande, one of China's largest developers, was getting ready to default on almost a quarter of a trillion dollars worth of debt. Today, also coming out of China, we found out that Sinek, another developer, was getting ready to default on almost a quarter of a billion dollars worth of debt. Now, what does that mean to us? Well, America is the world's largest economy. We take up almost one fifth of the entire economy of the world, 20%. China is not far behind us. They're roughly 14, 15% of the world's economy. So when things go bad between either us or China, the whole world feels the ripple effect. And right now, of course, Washington, D.C. congress didn't necessarily raise the debt spending limit, however, they just kind of kicked it down the road, suspended it for a minute or two until December and just praying that, you know, miracles happen, I guess. However, you know, there's a lot of you out there. They're like, what does this have to do with me? Well, the problem is, is that We've got almost $30 trillion of acknowledged debt as our national debt. And guess what, your pension funds almost own half of that. You're on hook for half of that. So if the United States defaults or for any length of time or whatnot, there will. There can be tens of millions of people without their pensions. And to give you an idea of just how big and massive that $30 trillion is, if I'm standing here and I'm making it rain $100 bills on you at the rate of one per second, you and I are going to be best friends on this video for 9,506.4 years. So with everything to be in perspective, let's give Kathryn the time so that she can put in perspective solutions to this problem. Let's have her give us a little rainbow after the rain, some clouds. You get that sunset afterwards. And so let's have a little hope instead of me being so somber.
So one of the things we love is one of the people in our community. Anthony, he talks about that the unfair advantage is financial literacy. And financial literacy is a key component and to understanding all of this and actually isn't that difficult. So what you need to understand is when your pension funds and 401ks are being impacted by what's going on the economy, there actually is a way that you can take control of it. And it's through a self directed ira. We actually have a book, you can click on the link below and we have all the contacts in order for you to get all your legal questions answered around making all of this happen. And the reason we're sharing this is because when you have control of your self directed ira, you can actually say where the money should be invested. And what's great about that is that you're not having to pay somebody else in a hedge fund or some other Wall street company that is taking fees from you, whether they make money or not. So it's all about making sure that you're putting your money to work so that we can have showered you with cash and add commas to your bank accounts in spite of whatever's going on. This is a way for you to actually take control in a very, very simple way for this. To do this. We received over 231notes today that we are in the middle of analyzing. So what we do is we find the deals, you get to fund the deals, we flip the deals and then we split the profits and add commas to your bank account. So who wants more commas to their bank account? If anybody does, please click on the link below. And to find out more information, schedule a call with us. We're more than happy to talk to you and share with you all these deals that we have and what's going on and come play Monopoly with us. The real life Monopoly. It's pretty awesome.
So take control of your own money for the future. Yes. So that you never have to wake.
