National Debt: is the US bankrupt?

Episode 317:  The national debt is at astronomical levels, the deficit is larger than tax revenues, the Chinese are dumping Treasuries, the FED is creating trillions of dollars out of thin air…I’m not concerned.  The US can handle the current debt load.

In this episode, I discussed the realities and the myths of the national debt. 

My solution is to stop worrying about things outside of your influence and focus on building your personal wealth.  You do that by owning appreciating assets and not worry about the monetary unit of measure.