A massive crisis for America financial system is on the horizon. The Commerical real estate : an office building at downtown St. Louis 12 years ago sold at 125 million now sold at 3.6 million. A similar one in NY. 美國金融體系的一場大規模危機即將來臨。商業房地產:聖路易市中心的一棟辦公大樓12年前以1.25億美元的價格出售,現在以360萬美元的價格出售。紐約也有類似的.
https://youtu.be/TyMzz-L9Q3Q?si=M21qnBR4GrmnDTD_ This hits the banks, the insurance companies while 250 smaller regional banks are at the brink from the fall of treasuries values and loss from their CRE Portfolios. The FDIC is running of funds to bailout. They will be bailed in. More US banks will fail resulting in a banking crisis. Meanwhile, the USD loses the petrodollar status. MBS even refuses to go to the G7.
USD will flood back to the USA as global demand falls. This will post much higher inflation and much loss of value. Interest rates in US may have to go as high as 10%. This brings inflation, recession worse than the Great Depression.
The picture is not good. By 2030, the US Congressional budget Committee forecasts that 100% of US government tax revenue will go to pay for interest expense. Anything else like defence, social security have to be borrowed. 6 years to go.
US actually have shortfalls & debts in Medicaid, Medicare and federal government pension unfounded, plus the national debt of 35 trillion. Total is 200 trillion. All WHILE THE US just sign a deal to finance Ukraine for 10 years. Where is the money coming from? Printing, more debts.
The stealing of Russian 300 billion is “too stupid to be stupid”. `Dumber than Dumb itself”. Jared Bernstein, White House Economic Advisor advocates getting rid of the reserve currency status. May be they are doing it.
All here while 59 countries wanting to join the BRICS to stay away from USD.
Is US having any future? Will Canada remains viable when US falls? You decide.
https://youtu.be/TyMzz-L9Q3Q?si=cQJdjSxhazKtEWMV 👈
