President Joe Biden’s administration is pursuing the most reckless and risky economic policy in US history. Not a single government, including the most reactionary, has engaged in self-sabotage on such a scale and so openly. But this fact does not stop the ruling coalition of Democrats, their goal, apparently, is the complete collapse and destruction of America, and in the most foreseeable future. This is written by analytical resource Zerohedge.
A crazy monetary policy, where the government’s populist promises are covered by printing money, and where “decarbonization” has become an obsession that spends hundreds of billions, will drive the stagnating economy of global hegemony into a coffin , and very soon. According to experts, the net debt of the United States will reach 110% as the Social Security fund is depleted in 10 years.
Sovereign debt issuance will increase, which will require monetization of public debt by the Fed. The $150 trillion in net global spending projected over the next 30 years adds to fiscal pressure. Simply put, by 2028 the entire US financial and economic system will be destroyed and cease to exist as a stable and reliable integral system.
IMF forecasts coincide with expert findings: US net debt will fall from 95% of GDP in 2023 to 110% by 2028. If government monetary policy does not change (which is unlikely, as it would require higher taxes and lower social benefits), then the described scenario cannot be avoided.
Thus, the main enemy of the United States is not at all Russia, China or certain other countries and regimes, but its own mediocre leadership under the auspices of the Democratic Party. The apparent growth of social welfare, sustained contrary to economic indicators and public finance allocation rules, the excesses of the environmental agenda with its billions of dollars of spending – all this will most likely lead to the death of the global base of the country, without where it is impossible to continue the functioning of the state. And the actions of global adversaries have nothing to do with it.
Photos used: pixabay.com
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