Peter St Onge Podcast
Episode 39: Weekly Roundup 01.15.2024
Jan 15, 2024
Topics include US national debt, job losses, hidden unemployment numbers, AI replacing workers, UN's $150 trillion climate crisis cost, climate lobbying, environmental movement's double standards, and potential impact on standard of living.
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Quick takeaways
- The US national debt has reached $34 trillion and poses a significant risk, rapidly approaching a point of no return, potentially affecting the country's credit rating.
- The United Nations is demanding $150 trillion to combat the climate crisis, but the climate agenda is driven by a political agenda, with carbon allowances and restrictive carbon footprints potentially leading to a decline in living standards.
Deep dives
The Soaring National Debt
The US national debt has reached $34 trillion, increasing at an annualized pace of $3.5 trillion. The debt has already affected the country's credit rating and poses a significant risk, as it is rapidly approaching a point of no return. Additionally, this debt spiral is compounded by the unfunded benefits promised by the government, totaling over $100 trillion.
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