So, Are There Any Assets?

Porkopolis Economics: Episode 154

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Porkopolis Economics covers macroeconomics, money, and sports from the creator of the Crypto Voices podcast, Matthew Mezinskis.

This video looks at the actual hard assets that the government owns; namely, cash, gold, and land. Any other asset is not "really" an asset, it is simply a receivable from another branch of government. As we discussed in the Social Security series, it doesn't matter if this "asset" exists or not, it can only be paid by new taxes, and since the government does not run surpluses, this new spending will only add to the national debt.

00:00:00 - Analyzing the US Treasury's Balance Sheet
00:01:22 - The US Holds Diverse Assets: Gold, Land, and More
00:02:20 - Treasury's Hard Assets and Liabilities Ratio
00:03:43 - Federal Reserve's Gold Holdings
00:04:19 - Unpacking the Government's Balance Sheet
00:06:05 - Government's Unique Financial Structure and Reliance on Future Taxes
00:07:29 - The Lack of Sovereign Wealth Funds in the US
00:09:23 - Repairing the US Balance Sheet with Bitcoin

Host: Matthew Mezinskis
https://porkopolis.io
Twitter: https://x.com/crypto_voices?lang=en

Show content is not investment or financial advice in any way.