America's financial future is in serious trouble. It's not just the current high inflation that has increased things like mortgages by over 80% since 2000. It's also the lack of any geopolitical foresight which has had financial repercussions. In 10 days, a new trading block BRICS made up of Brazil, Russia, India, China, and South Africa will be meeting in South Africa. More than 30 other countries will join them.
How long will the dollar last as the world's default currency? The BRICS nations are gathering in South Africa this August with it on the agenda
Let's make no mistake; these countries want to supplant the U.S. dollar with their own digital currency. The U.S. has not helped by imposing sanctions against Russia thinking they would destroy the Russian economy. Russia is stronger now than before sanctions, and all America has achieved is to drive Russia and China into each other's arms.
The BRICS countries combined have a GDP exceeding the USA, and other countries are chomping at the bit to join this group. So poor American economic management, especially by the Biden administration––and also Trump's to a degree––and geopolitical blunders are creating a financial realignment where the U.S. dollar may not be king for that much longer.
Spend, spend, spend has been economic policy for the past 12 years. The levels of borrowing and spending have been reckless and now see U.S. debt hitting $50 trillion by 2033. At that point, the interest on the debt is projected to be $5.2 billion a day, meaning more than 20% alone will go to interest payments.
We hear that the U.S. is $32 trillion in debt, and the politicians seem to have little concern. What's a trillion here, a trillion there? They should be very concerned if they bother looking at debt to GDP.
The debt to GDP is now at a record level of 128% for the U.S., even high than in World War 2 when the country borrowed vast sums to spend on the war effort. The U.S. is not at war but throws money around with no concern. So what are the debt to GDPs of Russia and China? Well, China's is 62%, half of the U.S.'s and Russia's? Well, it's at 12%. Yes, so much for the sanctions hurting Russia. Any politician who isn't concerned and eager to do something about it is a fool.
There is another parameter of concern. That is the Logistics Managers' Index. It measures inventory levels and costs, warehousing capacity, utilization, and transportation costs.
It's evident that the trend is way down. Suppose the U.S. is nearing a recession. In that case, it is indeed stagnating, affecting all sectors of the economy. Meanwhile, using money it doesn't have, the government keeps subsidizing often inefficient green energy projects while the average person suffers.
So what does the average American think about the state of affairs?
People are very dissatisfied, as exemplified by this Fox News Poll. More than twice as many are dissatisfied as satisfied.
Looking at all aspects of American life, from social to financial to political, America is losing its way and shows no signs of a resurgence. It's in a state of inertia, making it extremely difficult to climb out of, especially since now there is a significant competitor on the block––BRICS.
Glad to see you address this topic here!
What issue is the biggest driver in the “grand deception/ global takeover”? Health/Pharma? Economics? Big Tech? The War Machine? Aliens/UAPs? Etc...
As a mother, I have been concerned mostly about the whole Covid/vaccine/health and Big Pharma angle since I’ve been aware and concerned about those dangers for about 20 years. My husband has been watching it more widely on all fronts. (Above all of it is the spiritual aspect.)
I’ve wondered if it is a distraction, in a way, for those of us focused on health attacks and how to mitigate it, so we miss seeing the boulder rolling toward us from behind? That while people like the good Drs of the FLCCC are informing us of how to fight for our health and opt out of traditional Pharma driven care, we are about to be neutralized by what will certainly be a crippling effect on our ability to do anything about it because we’ll quickly have no way to pay for it? (That was a mouthful😂🙃)
In other words, while we focus on getting away from the attacks on health, they are about to crush us economically.
I hope that more “awake” people begin to take note of the economic deception too.
It's clear the U.S. is being purposely driven into the ground. This was all predicted to happen even back in the late 70s and early 80s when the globalists started getting together more often. You don't need to worry about Biden; he isn't making his own decisions or calling the shots. It's a global cabal of bankers and financiers, and they're all in on it.