The $1.2 Trillion Debt Bomb at the Center of the US Economy | Facts Matter
Release Date: 08/15/2024
Facts Matter
The FBI successfully smoked out two agents of the Chinese Communist Party (CCP) who were acting on American soil, attempting to bribe and manipulate the IRS into doing Chinaâs bidding. After they were caught, the two men wound up pleading guiltyâand just about a week ago, they were sentenced to prison. The story of who these men were, how they got recruited, the plan they were enacting, the specific CCP policy that they were pushing forwardâas well as how the FBI was able to ultimately sniff them out and capture themâis fascinating to say the least. And tracking the story, it...
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Every year, the United Nations holds its annual climate change conference. Itâs called the âClimate Change Conference of Parties (COP). This year, the 29th annual COP was held on Nov. 11 in the city of Baku, which is the capital of Azerbaijan. However, unlike previous years, many challenges have arisen this year that pose serious problems to the U.N.âs climate agenda. Whether itâs the reelection of Donald Trump (and his promise to exit the Paris Climate Accords), western world leaders skipping the conference, or the host nation giving a speech in favor of fossil fuels, it...
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Starting in January, what might begin to unfold in this country is unprecedented. After years of record-breaking illegal immigration, the incoming Trump administration is serious about deporting millionsâperhaps even tens of millions of peopleâfrom the United States. Not from the border region, but rather, from neighborhoods throughout the country. And so, if you think about it: The number of raids, roundups, fights with the police, manhunts, detention centers, government buses, chartered flights, and everything else involved in this operation might very well be huge. Even the sheer...
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In some areas, the snowstorm dumped several feet of snow in a matter of a couple of hours. This happened during the height of that yearâs holiday travel season. The snowstorm knocked out power for more than 100,000 people, it paralyzed most emergency services, it effectively stopped travel in general, and when all was said and done, it left at least 47 people dead. Some of those people died as a result of heart complications, because they over-exerted themselves shoveling snow. However, a significant portion of the deaths were a result of motorists who were trapped in their vehicles...
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With Donald Trump now officially being the president-elect, the big question becomes: what will he actually do? While it might be impossible to map out what heâll do over the course of four yearsâwe actually have a good idea of what heâll likely do starting on Day 1. And so, letâs review some of the recent statements made by Trump, in order to map out the 8 executive actions that heâll likely take immediately after assuming office. Join host Roman Balmakov on this weekâs episode of âFacts Matter.â Views expressed in this video are opinions of the host and guests...
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You probably didnât know it, but in December 2023, the United States got a lot bigger. Specifically, the United States added about 1 million square kilometers to its territory. Thatâs approximately 386,000 square milesâroughly the size of two Californias. Now, you would think that something like this would have been front-page news. But it actually went largely unnoticedâprobably because the area in question isnât a physical landmass. Instead, the United States gained a million square kilometers (nearly 400,000 square miles) of premium seafloor real estate. This expansion...
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The 2024 election has officially been decided and President-elect Donald Trump will be the 47th president of the United Statesâbecoming only the second president in U.S. history to serve 2 nonconsecutive terms. The victory that Trump scored on election night was sweeping. Join host Roman Balmakov on this weekâs episode of âFacts Matter.â Views expressed in this video are opinions of the host and guests and do not necessarily reflect the views of The Epoch Times. đşđ¸Roman's Special Offerđ âď¸ Support our fight for the truthđ
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The Social Security program is quickly approaching the point of insolvency. According to a new analysis by the Committee for a Responsible Federal Budget, within the next nine yearsâif nothing changesâthe average retired couple will see their benefits reduced by $16,500. At the same time, inflation over the next nine years will likely make goods and services significantly more expensive. Join host Roman Balmakov on this weekâs episode of âFacts Matter.â đşđ¸Roman's Special Offerđ âď¸ Support our fight for the truthđ
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The Social Security Administration just released a statement announcing five key changes that will be made to the Social Security program starting in 2025 regarding benefits, limits, and taxes. Join host Roman Balmakov on this weekâs episode of âFacts Matter.â Views expressed in this video are opinions of the host and guests and do not necessarily reflect the views of The Epoch Times. đşđ¸Roman's Special Offerđ âď¸ Support our fight for the truthđ
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We are just less than three weeks out from the 2024 election. Meaning that in about three and a half weeksâor however long it takes to count the votesâweâre going to know who will lead the country for the next four years. Regardless of who wins, however, there is a massive structural problem in America that is essentially colorblind. Itâs not red, itâs not blueâso it doesnât matter whoâs in office. Itâs that the design of the system will make it such that inflation will re-accelerate. The national debt currently sits at an astonishing $35 trillion. Looking at the...
info_outlineVisit any mainstream commercial building here in New York: On the ground floor you have restaurants, Starbucks, boutique bakeries, and so on, and it looks nice. But go up the elevator, and youâll find floor, after floor, after floor, after floor of emptied-out office space.
No companies. No employees. No workers. No nothing. Just a giant loan from the bank that no longer has any rental income to support it.
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