Concerned about how you know the national debt reaching 30 trillion dollars and how that should affect just our overall personal finance strategy um well I’m sorry as a high school senior you’re having to worry about such things um uh I’ve got a long history of fretting and alternately being angry about the uh
National debt being out of control mainly because it represents a congress that’s out of control and we don’t seem to have the backbone in the American people to vote the bozos out so they keep spending like there’s no tomorrow and um everybody’s a little bit lazy
About it so it just keeps going and going and going so yeah I’m with you it it’s bothersome it’s um obviously there’s a Tipping Point somewhere um I will tell you that the uh end of the world has been predicted as long as I can remember due to the national debt
Or due to whatever other Boogeyman you want to come up with and um I actually read a book uh when I was a little bit older than you called bankruptcy 1984 that predicted that the national debt was going to hockey stick and the nation would collapse in 1984. obviously that was wrong [Laughter]
There was another book that a friend of mine wrote called the coming economic earthquake predicting the exact same thing in the same decade he was wrong I had another friend of mine wrote a book about the end of the world due to why 2K do you know what that is Chris
Yes yeah year 2000 yeah exactly when the computer’s all turned over the world was going to come down and the uh the uh uh we were a little bit worried that the entire electric electronic grid would collapse and a lot of people bought water and bullets and uh all kinds of
Things to get ready for the end times and the uh New Year’s Eve came and went nothing happened except three days later the stock market went through the roof up and so um I just I I have honestly I’m not making fun completely but I look back on all the things I’ve worried
About and none of them have happened so um I think it’s bad because I think it represents a lack of discipline on the American people’s part and on our quote-unquote Representatives part I think it’s pitiful it’s outrageous but does it affect my investing not a dime
Not a dime I don’t sit and worry about it I invest based on good long-term track records because the debt’s been out of control as long as I’ve been alive and uh so I’ve been investing in investing and investing if it ever absolutely fell in on itself there’s not
Anything you could have invested in except bullets that would protect you so I wouldn’t I wouldn’t fret about it um and the next time someone could you know comes to me and one of the other things I’ll just as a side note for our listeners out there and for Jay Jay may
Not know this about me um it is one of the things I have vowed that when I get old I am not going to be one of those financial guys that writes an end times book because most people in my world you know we go along we teach people to get
Wealthy we teach them about all this and then we get enough knowledge that this stuff starts concerning us and so we write the end of the world book and it’s coming soon usually when we get old and I’ve just vowed I’m not even if I’m tempted I’m not going to write as a
Matter of fact I’ve even told my publishing team to refuse to publish it if I did write it so if you have a moment getting the mistake of doing it to myself burn burn the manuscript throw it in the fire just it it apparently um takes more than a single president being
A because we’ve had multiple of that um it takes more than I think it takes to collapse This Thing Called America yeah you know I I remember thinking that when X or Y president got elected way back there like before some of you were born that that was it
That’s a sign it’s over yeah Jesus is coming you know and he didn’t and we didn’t die and the nation survived the idiocy in the white house that’s true and the lack of Morality In the White House and the whatever in the White House said and you know we’ll survive um
Whatever we’re going through right now it’s just we’re more resilient than I than I think we think we are in the middle of the night when we wake up scared that’s a really good point Dave I do think that we’re resilient as people and also as a nation and a lot of this
Stuff is so cyclical you know the sky is falling and then somebody comes and does you know one or two things that are just you know whatever and everybody does a big deep breath and then somebody else comes and they spend more and it’s like
Uh you know I think all this stuff just goes in a big wheel and uh you know for your own piece sometimes you just gotta let it let it remain external and not get let it get into you so much yeah and when you look back on it you go you know
It I it was it was a lot bigger deal in my head yeah I mean you talked to somebody who lived during the Great Depression yeah that that was real yeah I find in moments like this when you just look back and go okay it gives you a little
Bit of perspective to go okay this is this is not any crazier than any other moment in history you know what I mean yeah and and yeah I think the um you know what is different is access to conspiracy theories facts it’s the social media internet I mean because it
Used to be you had to really work to find Kooks that’s right and now they are delivered to you because you’ve been looking at other Kooks and so the algorithm sends you a holistic oh it’ll just put it up you don’t got stuck in the kooky algorithm and you’re gonna get
Lit up with Kooks and so you know if you think the world’s coming to an end and you type that in about three times you’re gonna have a lot of incoming End Time stuff showing up on your desktop and all of a sudden you’re gonna start to believe the dead gum world’s coming
To an end and it’s the same thing as you know again when I started all of this a million years ago we didn’t have the inputs you know the moral of the story is there is a moral to the story we’re going to finally get there watch your inputs
So good Dave you know you become what you consume and who you hang around with so are you watching the news 24 7. right you’re gonna be pissed off all the time because it used to just be that it was Fox News MSNBC and you go you know I
Used to be Walter Cronkite and you had to wait till six o’clock there’s that that was it and then you got 24 7. 24 7. and then you got 24 7 both sides of the political Spectrum yep uh yelling at each other yep and now you got YouTube
Instagram and all and it’s not even it’s not even real news outlets anymore it’s just it’s just the stuff that we call news now we used to call tabloid oh true that well I can go on there and make news and somebody listen to me well there you go
I might have to only I’ll tell you the truth I won’t be out here telling you fake news I’ll tell you the truth this is the Ramsay show
