New data hidden from the public shows America is in debt 100 trillion dollars. Great reset involves getting rid of bitcoin replacing it with fed coin. Money will be worthless
Submitted 2 years ago by wigglehard@wolfballs.com to main@wolfballs.com
goldenballs@wolfballs.com 2 years ago
Wait til you see China's true debt levels... It's coupled with the US. On old figures, US's $29T coupled with China's $19T+. The global debt figure of arpund $300T is not new.
China's economic implosion is longstanding crisis that predates the pandemic, and the lockdown policy is being used by the CCP to deleverage its enormous debt, by collapsing its tech sector and reverting to Maoist-like policies. E.g.: 350% debt to gdp, up to 80-90% of private wealth in China locked up in ita collapsing housing ponzi scheme, with food and energy crises. https://www.scmp.com/economy/china-economy/article/3084979/china-debt-how-big-it-who-owns-it-and-what-next
Then there's the pending oil crisis... The USA cannot fuel itself at the moment, and the price of oil is primed to spike higher. I don't see how a conflict with Russia or China can be funded, the economics are so different from the 1930-1950 period. The US, along with most other countries are looking likely to default via sustained inflation once it becomes self-evident that ratees can't practically rise above 1%. The EU is fucked... Italian banks, Spanish pensions, high debt to GDP in France and Belgium too, all propped up by a stressed Gwrmany. Japanese economy cannibalising itself with debt. Switzerland at least has gold, but its suffering like the rest of Europe. At the moment, the least vulnerable of the plausible reserve currencies, is Pound Sterling, the oldesr fiat. 22-24 looks set to be what the Chinese call "interesting times", with plenty of fuel for civil unrest globally.