Dire Forecast for US Debt

[GoldenEye]

The US Congressional Budget Office is warning that the federal deficit has hit a point of no return. It is far too late to cut wasteful government spending. Politicians have kicked the can down the road for far too long and left us with a financial system held up through perpetual borrowing that cannot be reversed........................................................

CBO Issues Dire Forecast For US Debt | Armstrong Economics

https://www.youtube.com/watch?v=ARBduyoXsP4

www.armstrongeconomics.com

 

[STKR]

The US Congressional Budget Office is warning that the federal deficit has hit a point of no return. It is far too late to cut wasteful government spending. Politicians have kicked the can down the road for far too long and left us with a financial system held up through perpetual borrowing that cannot be reversed........................................................

CBO Issues Dire Forecast For US Debt | Armstrong Economics

https://www.youtube.com/watch?v=ARBduyoXsP4

www.armstrongeconomics.com

Except the US can't default and other countries are printing at similar rates, diluting their currency at an equivalent or higher rate than the US.

 

[alor]

when 200B USD can't buy what you wanted, like high end chips
you decided to stop all the buying of cattle feeds

 

[Silver Soul]

.

 

[alor]

The dollar has fallen to its worst level since the Nixon era.The U.S. currency has lost 9% since Donald Trump took office, the worst performance in a new president's first 100 days since 1973. Bloomberg reports that the reason was the U.S. leader's tariff policy, which caused investors to transfer funds to foreign assets. This strengthened other currencies and gold.In addition, Deutsche Bank predicts a further structural decline in the dollar in the coming years, which could lead to the lowest values against the euro in more than a decade. Experts note that this trend is associated with a change in global asset allocation trends, not in favour of the American currency.