Bloomberg and the other Fake News outlets that hate Trump and want more EQUALITY, following the very same philosophies as Stalin imposed in Russia. All we hear is the danger of wealth disparity. When there is no wealth disparity because people are not allowed to invent or become rich, you get economic stagnation and widespread poverty. But these FAKE NEWS outlets constantly push the same nonsense over and over again. The de-dollarization is all because of Trump, so we better overthrow Trump and bring in Kamala so the Neocons can really help the economy with uncontrolled, endless war spending and a reduction of the population to reduce government obligations.
While the FAKE NEWS and the perpetual GOLD-ONLY crowd promote the de-dollarization with BRICS, that means in time of war, you are buying Chinese yuan, Russian rubles, and the country most in debt – Brazil. Their perpetual promotion of BRICS and even the latest absurd forecast for Bitcoin at $21,000 by 2046 suggests that these individuals appear to know little about the world economy, the business cycle, or war. They refuse to consider two critical factors: (1) the sovereign debt crisis, and (2) the war.
Interest Expenditures as % of GDP (Top 30 Economies):
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United States: 1.9%
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China: 1.2%
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Japan: 2.0% (despite high debt, low rates keep payments manageable)
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Germany: 0.8%
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India: 3.3%
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United Kingdom: 3.5%
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France: 1.7%
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Italy: 3.9%
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Brazil: 8.5% (highest among major economies)
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Canada: 1.4%
The sovereign debt crisis is brewing, but outside the USA FIRST!!!! Canada’s interest expenditures are on track to exceed healthcare expenditures. While people continue to discuss the US debt as a reason for de-dollarization, consider the BRICS; they are paying more in interest as a percentage of GDP than the US, and Brazil is the worst. Britain is in a precarious state, comparable to Italy, and Starmer’s policies are pushing the UK over the edge. Germany has just abandoned austerity and is now going to inflate to prepare for war. The Sovereign Debt Crisis is UNSUSTAINABLE, but it will break FIRST outside the USA. The United States will be the last standing.
NATO to Accelerate Sovereign Debt Crisis
As the pressure on funding the war, NATO wants 5% of GDP for its Neocon War objectives. They are handing Ukraine another $40 billion that goes into the pockets of untold politicians and no doubt kickbacks even into NATO. This 5% is greater than the interest expenditures. NATO will not only take us into World War III, but they are also accelerating the Sovereign Debt Crisis.
This is NOT positive for the de-dollarization BS. Europe is highly socialistic, and this shift from social spending to war will lead to more civil unrest. NATO is a warmongering NEOCON retirement home. They have no interest in peace, for that would make them redundant. The only way they can keep their salaries and pensions is to insist on endless wars.
Just compare the economic growth rate of the United States to the exceptionally socialistic policies of Europe. There is no comparison. But the dollar is trash against everything else? When the bullets start to fly, capital controls will be imposed in the EU, and capital will be trapped. Compare even the GDP of Canada to that of the EU. Carney wants to join Europe.
We are looking at the pressure to raise taxes beyond income. In Australia, some leftists actually proposed that it is unjust for one person to inherit a fortune and another not to. They argued that upon death, everything should be given to the government in the name of “Fairness” and “Equality,” which is their favorite word. In Canada, discussions have been held about proposing a tax on unrealized capital gains on property. The argument is that this was like gambling. They earned this money by mere chance. Such proposals would absolutely destroy society and the economy. They are not likely. However, these extreme examples demonstrate how the LEFT cannot live in peace and always want to take what others have because they have more than they do.
As for the absurd forecast that Bitcoin will reach $21,000 by 2046, that is the same emotional analysis used in discussions about climate change. Sorry, 2025 may be a significant high point. With war on the horizon, Bitcoin has been a great vehicle for transferring money from one country to another. It is not being bought as a fantastic store of wealth. In war, take out the power grid and watch what happens. I can attest to being in Florida, when a hurricane takes down the power, not even a credit card will work – CASH ONLY!
