Loading ...Europe, Canada, UK and Australia warnings to prepare. The Governments have gone bonkers. Australia even wants the citizens to give anything they inherit to the government. The great taking and depopulation by any means necessary. Not all Gold Bugs are against dollars over some other foreign fiat but a hedge from the ones the lunatics can’t change or control. I missed the paragraph where he mentioned the hurricane and power outs in reference to Bitcoin wouldn’t be accessable or bank cards only cash. Most of it already know that but he didn’t mention how Gov DeSantis and made moves towards using gold and silver without working about capital gains and taxing it. If you can’t claim a loss in any down trend why do they tax it in a up trend less in stocks? Trump should do that.
Armstrong post..
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):
- 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%
- Brazil: 8.5% (highest among major economies)
- Canada: 1.4%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
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.
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…
https://www.armstrongeconomics.com/armstrongeconomics101/economics/dollar-debt-war-crypto/