A CNN poll revealed that 60 percent of Americans wanted meaningful cuts before a debt limit rise.
Even the New York Times declared that the new debt limit bill will not save a penny or cut a dime from government spending.
Over the next two years Biden will have access to $14 trillion of new spending, $4 trillion that will not be covered by tax and revenue income.
The Congressional Budget Office estimates the bill will save $2.1 trillion over six years, but since there are no statutory caps in place, the 2.1 trillion is a fiction.
There is something even worse: the impact this new bill will have on the dollar.
Over the next two years, the debt will increase to $36 trillion or more, weakening the dollar on the world stage.
Their new currency will be backed by a precious metal while the dollar by the Fed's reckless printing of money.
If the BRICS new currency replaces the dollar, hyperinflation will set in.
Finally, the cruzeiro plunged to zero and the government had to create a new currency, which ironically was tied to the dollar.
If China has its way, the U.S. dollar will be replaced with a currency tied to the Chinese yuan or other BRICS currency.
Why are American globalists from venture capital firms to Wall Street using dollars to bolster Chinese industry that is determined to take down the West? Because they admire China's totalitarian form of government and want to replicate it in the "New World Order."
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