85: How Debt Could Collapse the Economy

Become an exclusive member to get ad-free and bonus episodes at https://tmgstudios.tv It has been corrected time and time again…but what if the debt ceiling WASN’T raised? What would happen? This week the Trill boys discover the nuances of our complex debt structure, how we might circumvent a disaster, and who is responsible for holding it all up. What is UP with all these old folks in Congress? Plus, a return to Theranos and Elizabeth Holmes’ “rebranding” by our pals at the New York Times. Get the only digital wallets with real cash access, activated by MoneyGram. Learn more at https://moneygram.com/stellarwallets Check out our channel page on Apple Podcasts, go to: https://apple.co/trillionaire SUBSCRIBE to Trillionaire Mindset at https://www.youtube.com/trillionairemindset Want to subscribe to our newsletter? http://bit.ly/3k4Nfar Trillionaire Highlights Channel: https://www.youtube.com/TrillionaireMindsetHighlights Trillionaire IG: https://www.instagram.com/trillionairepod Trillionaire Twitter: https://twitter.com/trillionairepod TMG Studios YouTube: https://www.youtube.com/tinymeatgang BEN https://www.instagram.com/bencahn/ https://twitter.com/Buncahn EMIL https://www.instagram.com/emilderosa/ https://twitter.com/emilderosa *DISCLOSURE: THE OPINIONS EXPRESSED IN THIS VIDEO ARE SOLELY THOSE OF THE PARTICIPANTS INVOLVED. THESE OPINIONS DO NOT REFLECT THE OPINIONS OF ANYONE ELSE. THIS IS NOT INVESTMENT ADVICE. THE VIEWER OF THE VIDEO IS RESPONSIBLE FOR CONSIDERING ANY INFORMATION CAREFULLY AND MAKING THEIR OWN DECISIONS TO BUY OR SELL OR HOLD ANY INVESTMENT. SOME OF THE CONTENT OF THIS VIDEO IS CONSIDERED TO BE SATIRE AND MAY NOT BE CONSIDERED FACTUAL AND SHOULD BE TAKEN IN SUCH LIGHT. THE COMMENTS MADE IN THIS VIDEO ARE FOR ENTERTAINMENT PURPOSES ONLY AND ARE NOT MEANT TO BE TAKEN LITERALLY.* Chapters: 0:00 This Week! 0:56 Book Worms 2:14 Personal Development 3:32 Disclaimer and Housekeeping! 5:38 Trill Awards! 7:10 Dianne Feinstein Returns 9:20 Tucker Carlson’s New Show 10:57 Thanks to Money-gram! 11:45 Google I/O’s AI 13:26 US Debt Ceiling Stand-off 16:12 Will We Default? 18:00 Janet Yellen & Extraordinary Measures 21:54 14th Amendment Loophole? 22:50 Ben’s Debt Take 24:13 Yellen Gets The Act Together 27:28 Pressure on the GOP 28:16 RFK Jr 30:41 Election Twister 32:27 The RedHead Kennedy 35:10 Berkshire Hathaway Meeting 38:37 Acquiring and Investing Strategy 42:06 Warren Buffet on AI 43:22 Charlie Munger’s OLD 43:38 Ben’s Big Breakfast 44:16 What to do with Berkshire Cash? 45:16 Elizabeth Holmes New Life 47:18 Holmes Demeanor 51:18 Liz’s Fake It Til You Make It 54:32 Elizabeth “Dazzled” 56:58 Mr. Evans “Jobs” 59:02 Good Bedside Manner 59:32 Emil’s FAVORITE Part 1:02:55 Balto the Dog… 1:04:25 Wrapping up