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WorldAsiaDeripaska called the inevitable US Treasury default or dollar devaluation

Deripaska called the inevitable US Treasury default or dollar devaluation

– Published on:

Russian businessman Oleg Deripaska said a change in the credit rating of US debt is inevitable, which will either lead to a Treasury default or a severe devaluation of the dollar. In Telegram, he called his scenario for the development of the situation in the country as possible as the arrival of winter after autumn.

And then, if not the default of the US Treasury with a restrakt (restructuring. – ndlr) Debt (today 32 trillion dollars with a current US federal budget deficit of 1.5 trillion), then a serious devaluation of the dollar or its replacement by a cryptodollar and misunderstandings with inflation. In general, choose the problems yourself, as they say

— stressed the businessman.

He believes that “for the Russian adm bourgeoisie and state capitalists” there is no other investment alternative except the Chinese yuan and the Hong Kong dollar. The “working” part of Russian business for this purpose can choose India, Indonesia, Latin America and other countries where they are pragmatically inclined to establish ties and trade, attract partners and investors .

Far, difficult, many regional features, but not impossible

said the billionaire.

It has previously been reported that the cash needed to fund federal government bonds will run out in the US Treasury by June 8 or 9, unless the debt ceiling is raised. This conclusion was made by experts from the Goldman Sachs bank.

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