While a deal to avoid defaulting on the US's debt passed the House and the Senate - learn why there is a debt ceiling in the first place (it's over 100 years old), and how it's now been weaponized into a tool it was never intended to be.

In this video, we take a deep dive into the never ending issue of the United States debt ceiling. If you've been hearing a lot about the U.S. debt crisis and wondering what it all means, this is your go-to resource. From understanding the difference between deficit and debt to exploring the implications of a potential default on the global economy, we cover it all.

My name is Preet, and I'm a consultant to the wealth management industry, and I specialize in distilling complex financial matters down to eye-level.

Here's what you'll learn:

1️⃣ What's happening with the US Debt Ceiling right now?
2️⃣ What is a debt ceiling and why does it matter?
3️⃣ The history of the US debt ceiling - from World War I to today
4️⃣ Political standoffs that have threatened the ability of the US to make payments on its debt
5️⃣ What could happen if the US defaulted on its debt?

💡 Get ready to gain insights that can help you better understand the financial world around us. If you want to be financially savvy, this video is a must-watch!

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🔖 Keywords: #USDebtCeiling #DebtCrisis #GlobalRecession #USDebt #FinancialLiteracy #MoneyManagement

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ABOUT ME: I've hosted a personal finance TV show on the Oprah Winfrey Network, used to be a stockbroker, went to school to become a racecar driver (failed), founded a fintech company that provides financial planning software to financial advisors who want to help more people who don't have lots of money, and I consult with wealth management companies on commercializing applications of behavioral finance. I'm also quite fond of donuts.

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