The Great Simplification with Nate Hagens

7 Realities - No Matter Who Wins

Nov 4, 2022

09:41

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This podcast explores the challenges awaiting the United States, including rising national debt and declining oil production. It delves into environmental concerns, social issues, and economic disparities. The current financial situation is analyzed, highlighting wealth disparity and the need for a new form of governance focused on localized approaches.

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Quick takeaways

The United States is facing a future of increasing national debt, with potential government closures and an unsustainable debt ceiling, regardless of the election outcome.

Regardless of who wins the election, the United States must address crucial challenges such as economic growth, environmental realities, social media polarization, and wealth disparity.

Deep dives

Uncertain future amidst increasing national debt

No matter who wins the election, the United States is facing an uncertain future due to its increasing national debt. With the national debt surpassing $31 trillion and interest rates rising, the interest payments alone are becoming a significant portion of the budget. The inability of the two political parties to address this issue may lead to potential government closures and a future where raising the debt ceiling may no longer be viable.

Introduction

3min

Challenges Regardless of the Outcome

2min

Challenges of the Current Financial Situation and the Need for a New Form of Governance

4min

With the upcoming election, citizens of the USA once again align our beliefs and dreams with our ‘favored’’ political party, while often showing disdain and ridicule for the opposition. There is an unspoken hope that if all 3 branches of government are unified (with the right flavor!), the issues that we care about will finally be addressed. In this segment of Frankly, Nate reflects on the growing systemic realities that we’ll have to face in the coming decade regardless of who wins this November. These realities can only be solved/responded to with a functioning system of governance. How will we work together as a society to overcome these challenges, rather than pitting ourselves against each other and shouting blame?

For Show Notes and Transcript visit: https://www.thegreatsimplification.com/frankly-original/15-7-realities-no-matter-who-wins

To Watch on Youtube: https://www.youtube.com/watch?v=spnxD4P1gRA