Shocking Debt Ceiling History and The Danger of Defaulting

In this video, Patrick Bet-David discusses the issue of the debt ceiling in America, its history, and how it has been used as a political weapon. It highlights the negative consequences of defaulting on the national debt with examples from Argentina, Russia, Greece, and Venezuela. Go to our sponsor https://betterhelp.com/valuetainment for 10% off your first month of therapy with BetterHelp and get matched with a therapist who will listen and help. FaceTime or Ask Patrick any questions on https://minnect.com/ Recommended video: Will The U.S. Dollar Collapse As a Reserve Currency? - History of World Currency Explained: https://youtu.be/urEAgeeTq4k Subscribe to our channel: http://bit.ly/2aPEwD4 To reach the Valuetainment team, you can email: info@valuetainment.com #debt #default #history

Om Podcasten

An entrepreneur channel created by Serial Entrepreneur, Patrick Bet-David. Valuetainment is referred to as the best channel for entrepreneurs with weekly How To's, Motivation and interviews with unique individuals. About PBD: During the Iranian Revolution of 1978, Patrick's family had to escape to survive and ended up living at a refugee camp in Erlangen, Germany. At 12 years old Patrick found himself collecting cans & beer bottles to raise money that could help his family and get him a Nintendo.