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IPFS News Link • Economy - Economics USA

Dollar – Debt- War & Crypto

• https://www.activistpost.com, Martin Armstrong

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):

United States: 1.9%

China: 1.2%

Japan: 2.0% (despite high debt, low rates keep payments manageable)

Germany: 0.8%

India: 3.3%

United Kingdom: 3.5%

France: 1.7%

Italy: 3.9%

Brazil8.5% (highest among major economies)

Canada: 1.4%


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