Fed Warns Of REAL National Crisis HD

Is the US about to get smacked with an actual national crisis? Ana Kasparian, Nomi Prins, and Maytha Alhassen, hosts of The Young Turks, break it down. JOIN TYT: https://tyt.com/join Read more here: https://www.cnbc.com/2019/01/10/fed-chairman-powell-says-he-is-very-worried-about-growing-amount-of-us-debt.html "Federal Reserve Chairman Jerome Powell is concerned about the ballooning amount of United States debt. “I’m very worried about it,” Powell said at The Economic Club of Washington, D.C. “From the Fed’s standpoint, we’re really looking at a business cycle length: that’s our frame of reference. The long-run fiscal, nonsustainability of the U.S. federal government isn’t really something that plays into the medium term that is relevant for our policy decisions.” However, “it’s a long-run issue that we definitely need to face, and ultimately, will have no choice but to face,” he added. The Fed chief’s comments came as the annual U.S. deficit reaches new sustained highs above $1 trillion, a fact many economists worry could spell trouble for future generations. Annual deficits have topped $1 trillion before, but never during a time of sustained economic growth like now, raising concern about what would happen if a recession hits." Hosts: Ana Kasparian, Nomi Prins, Maytha Alhassen Cast: Ana Kasparian, Nomi Prins, Maytha Alhassen *** The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 6-8pm ET. http://tyt.com/live Subscribe to The Young Turks on YouTube: http://youtube.com/subscription_center?add_user=theyoungturks TYT on Facebook: http://facebook.com/theyoungturks TYT on Twitter: http://twitter.com/theyoungturks TYT on Instagram: http://instagram.com/theyoungturks Merch: http://www.shoptyt.com Donate to TYT https://patreon.com/tytnetwork http://tyt.com/donate Download audio and video of the full two-hour show on-demand + the members-only postgame show by becoming a member at http://tyt.com/join/. Your membership supports the day to day operations and is vital for our continued success and growth. Gift membership: http://tyt.com/gift Producer, Senior Producer and Executive Producer membership: http://go.tyt.com/producer Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary) #TYT #TheYoungTurks #TYTnetwork