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7/8/2025, 7:02:59 AM
>>509804229
>Only if BRICS holds out and the dollar is dumped.
The dollar is going down NO MATTER what else happens in the world. Rick Rule points out that during the decade of the 1970s, the US dollar lost 70% of it's purchasing power. The US currently has $37 trillion in outstanding government and between one and two HUNDRED trillion in future liabilities (Medicare, medicaid, government pensions) .
Debt to GDP ratio is over 120%, government spending is 7% of GDP and any serious attempt to cut government spending triggers a recession. This is called a debt trap and they only way out is either by defaulting on the debt, or by running the printer and devaluing. No country has ever come back from a 120+% debt to GDP ratio.
https://youtu.be/qER0g-KqrAg
The US dollar is toast, no matter what the BRICS does or does not do.
>Only if BRICS holds out and the dollar is dumped.
The dollar is going down NO MATTER what else happens in the world. Rick Rule points out that during the decade of the 1970s, the US dollar lost 70% of it's purchasing power. The US currently has $37 trillion in outstanding government and between one and two HUNDRED trillion in future liabilities (Medicare, medicaid, government pensions) .
Debt to GDP ratio is over 120%, government spending is 7% of GDP and any serious attempt to cut government spending triggers a recession. This is called a debt trap and they only way out is either by defaulting on the debt, or by running the printer and devaluing. No country has ever come back from a 120+% debt to GDP ratio.
https://youtu.be/qER0g-KqrAg
The US dollar is toast, no matter what the BRICS does or does not do.
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