#66 - The U.S. Debt Ceiling Explained & Discussion On Unrealized Capital Gains Tax

<p>[podcast_subscribe id="111"]</p> <p>Debt Ceiling:</p> <ul> <li>US Government Income, Expenses, and Deficit Explained</li> <li>Debt Ceiling Explained</li> <li>What does it mean for investors? Uncertainty</li> </ul> <p>Warren Buffett’s Take On Debt Ceiling:</p> <ul> <li>At Berkshire Hathaway’s annual shareholder’s meeting in 2011, billionaire investor Warren Buffett was asked what he thought about the contentious negotiations happening in Congress over whether or not to raise the debt ceiling. His response: failing to raise the debt ceiling would be a massive mistake.</li> <li>“It would probably be the most asinine act that Congress has ever performed,” Buffett said. In fact, “having a debt ceiling to start with is a mistake.”</li> </ul> <p>Newsroom clip: <a href="https://www.youtube.com/watch?v=Gj5-G01iRyk"><u>https://www.youtube.com/watch?v=Gj5-G01iRyk</u></a></p> <p>#41 - US Debt &amp; Modern Monetary Theory: <a href="https://coldbrew.money/41-us-debt-and-the-modern-monetary-theory/"><u>https://coldbrew.money/41-us-debt-and-the-modern-monetary-theory/</u></a></p> <p>Warren Buffett on Debt Ceiling: <a href="https://buffett.cnbc.com/video/2011/04/30/buffett-not-raising-the-debt-ceiling-would-be-asinine.html"><u>https://buffett.cnbc.com/video/2011/04/30/buffett-not-raising-the-debt-ceiling-would-be-asinine.html</u></a></p> <p>#15 - Divraj Singh episode: <a href="https://coldbrew.money/15-in-conversation-with-divraj-singh-pannu-an-equity-research-analyst-about-intraday-and-long-term-investing/"><u>https://coldbrew.money/15-in-conversation-with-divraj-singh-pannu-an-equity-research-analyst-about-intraday-and-long-term-investing/</u></a></p> <p><strong>Timestamps</strong></p> <p>Tapan’s trip to Edinburgh: 00:00</p> <p>Atit’s Car Discussion: 03:35</p> <p>What is &nbsp;Debt Ceiling (Income, Expenses, Deficit, Treasury Explained): 05:45</p> <p>What does the Government need to do?: 11:39</p> <p>Capital Gains Tax Discussion: 18:20</p> <p>Summary of the episode: 22:53</p> <p><strong>Useful links:</strong></p> <p>