US dollar destruction, bankruptcy, bitcoin soaring, due to Biden government spending, 1 trillion more debt every 100 days

[Scott Downey]

Hyper inflation can be caused by huge government debts, that foreign governments refuse to keep funding by buying our debt.
I have read countries looking away from the dollar.

U.S. Dollar ‘Destruction’—Tesla Billionaire Elon Musk Issues $35 Trillion ‘Bankrupt’ Warning As Traders Bet On A Donald Trump Bitcoin Price Boom

Tesla billionaire Elon Musk has warned the U.S. dollar is at risk of "destruction" as the $35 trillion debt pile could "bankrupt" the country—which some think will turbo-charge the bitcoin price...

www.forbes.com

Now, after Treasury secretary Janet Yellen admitted her fears over the future of the U.S. dollar, Tesla billionaire Elon Musk has warned the U.S. dollar is heading for "destruction" and the spiraling $35 trillion debt pile could "bankrupt" the U.S.—something some analysts think could push the bitcoin price higher.

"Where are we with dollar value destruction, you might ask," Musk posted to X alongside an image suggesting the U.S. is on the cusp of hyperinflation. "America is going bankrupt [by the way]," Musk added, replying to the cofounder of the meme-based bitcoin rival dogecoin who highlighted the soaring cost of interest payments on U.S. debt.


U.S. debt interest payments are forecast to hit $870 billion this year, according to a recent analysis by the Congressional Budget Office, after runaway inflation pushed the Federal Reserve to hike interest rates at a never-before-seen clip in the aftermath of huge Covid-era spending and money-printing.

Earlier this year, Bank of America analysts warned the U.S. debt load is about to ramp up to add $1 trillion every 100 days—fueling a bitcoin price surge.

"The U.S. national debt is rising by $1 trillion every 100 days," Michael Hartnett, chief strategist of Bank of America, wrote in a note to clients seen by CNBC, adding it's "little wonder 'debt debasement' trades [such as gold and bitcoin are] closing in on all-time highs."

 

[Scott Downey]

What it can mean, take all your cash money value in banks etc..., and cut it by 50%.
Your $100,000 cash now just has buying power of $50,000 or less while hyperinflation lasts.

Everything else goes much higher in value, while money goes down in value, so a double whammy on you.

Then if the economy collapses and huge numbers of people are out of work, another great depression.
And in a deflationary great depression, cost of things drop, and cash value rises.

But an inflationary depression was predicted in 2020. Which is different.

World Faces Rare ‘Inflationary Depression,’ Says Keynes Scholar

The world economy could face a unique “inflationary depression” as it emerges from lockdowns, with government spending propping up demand even as unemployment soars, according to economic historian Robert Skidelsky.

www.bloomberg.com

 

[PGS11]

The dollar has been destroyed by banks.Its called the zero deposit rule.If they have ten billion dollars to loan out they loan it all out then loan out the 10 billion on deposit because it does not have to be kept on deposit. So 10 billion magically turns into 20 billion - 10 billion that doesn't actually exist.What does that do it drives down the value of the dollar because all this imaginary money is in the system that never existed. This has been going on since the beginning in truth the dollar has lost 98% of its value since the system came in.It use to be a minimum 10% had to be kept on deposit but lobbyist took care of that with a few secret suitcases.Devaluation of the dollar is inherit to the system.When there is too much pretend money in the system the dollar loses its value.

 

[Wrangler]

Hyper inflation can be caused by huge government debts

I read a book about inflation because it is so misunderstood. Akin to temperature being a measure of heat, rising prices is a measure of inflation. By definition, inflation is an increase in the money supply relative to the growth of the economy.

Doubling the money supply several times since the Great Recession and then again during COVID, our measure of inflation was not seen at that time. Instead, we saw the greatest transfer of ownership in human history. The Federal Reserve took title to the many properties that foreclosed and were the biggest holder of T-bills as well as stocks in the NYSE.

All achieved from inventing money out of thin air. It is legal fraud.

Its called the zero deposit rule.If they have ten billion dollars to loan out they loan it all out then loan out the 10 billion on deposit because it does not have to be kept on deposit.

It's worse than that. If you go to investopedia, you will learn math behind fractional reserve. From FDR to Clinton, the fractional reserve was 10%. Since then, it has been lowered to 5% and then to 3% in some cases.

The math is this; the % is in the denominator. So, for money supply, S, the amount of money the banking system can "lend" is S/.1 = 10S.

With a 5% "reserve," the math is S/.05 = 20S. And for 3% "reserve," the math is S/.03 = 33.3S.

Lending money that does not exist is legal fraud. If GM sold cars it didn't have, everyone would know that is fraud. With money, people often get duped by the very institutions that are supposed to safeguard our wealth.

This has been going on since the beginning in truth the dollar has lost 98% of its value since the system came in.

The Federal Reserve has a published policy of 2% inflation. This means, by design, the buying power of money is cut in half every ~30 years. And it has lost over 99% of its value since its 1913 inception. The policy is a deception way to steal people's (buying power of) money. Rather than raise taxes, risking a politicians career, they've stooped to this.

In addition, the buying power of money means to keep pace, people are forced to put their money into fluctuating and more risky investments, like stocks. When people say the stock market has gone up x%, they typically do not factor out the loss of the value of money in that time period.

For instance, if the value of money lost 99%, it means the stock would have to go up, S/(1-loss) = S/(1-.99) = S/.01 = 100S, JUST TO KEEP EVEN. Man cannot serve God and money and the money game is rigged.

 

[Dan Clarkston]

Musk as making the "A-OK" hand gesture so I'm sure some liberals will come along shortly and claim he's a "white supremacist"

 

[Reggie Belafonte]

How can Bitcoin be legal ? it can not be, not to mention that such have no foundations, as everything can disapear in a flash ! and who backes it up ? no one ! it's stupid.

Ok I come to another nation and i have my own money system, that i creat myself with in your country ? well well why would one be alowed to do that ?
Not to mention if one was to print money, like USA cash with in the USA ones self. you will go to jail ! for you are messing with the system and undermining the Nation in fact.

Something is very wrong with the system in the USA, criminals have the keys to this whole system !

When a Nation is in debt beyond a point, then you are becoming all Slaves in fact !
Now who calles in the money owed ?

Germany owed a lot of money from the USA and the USA called it back by a date ! then germany went into a spiral of inflation that went up to 200% and the people were not happy with that ! I wonder why ?

We now have inflation creeping up wards and people are ranting like fruitcakes ! we once had to deal with 18% ! but i have had idiots claim yes but now a house is a million dollers, so now because of the numbers it means more ? well no i said, regardless 18% is 18% their is no real diffrence in fact, if your wage earnings are on par does it.
Like my stupid big brother said about a car made in 1973 and sold in 1990 for more than it cost new ? he said that can not be right ? i said you stupid fool the worth doller value in 1990 is not the same as it was in 1973 fool ! many people just do not understand simple things like that in fact let alone anything more involved.

My perants soled a house in 1973 and i was taking to the dude who bought it, this was 1983 or so and he was boasting of the killing that he had made on it, but the ninny does not factor in the rate of inflation at all ! he thinks it's all win ? yes he has gained well ! but not truly as well as he thinks. This because people of his generation think on what was the norn growing up with ? they are not big business people who have to truly understand such things or they will quickly go broke.

In say 1983 builders would buy a new car on HP every year and they would boast, oh i traded it in for about what i sold it for ! but thge new car cost a lot more tho, they felt so and so about that ? i said you idiot, this is the reality of this case in fact, you truly made more of a loss that you think, go work it out bro ! but they don't ! they still keep on that idiot path.

So i am talking to a builder mate and i say this is what i earned in my hand for X house working it out as if it was hourly rate ? had all i get back is ranting that that is BS ! anger at me ! so i say listen mate i work every job out so i know what i truly made, for i have to do that if i am serious ! for then i know truly where i am sitting and no one tells me what is what as i could not care less what they think as that is not the point ! i am telling them the facts, i am not asking them ! but they demand that i am killing it making huge money and should not even get half of what the rate is. they want to bash your head in ! demanding that you are wrong !
How can i be wrong i know such for a fact ! for i have due diligence in fact and they do not work on the same path as i do, for they work off a stupid foolish nonsense system that only a fool would do. they talke about gross earnings and i am on about reality and talking about my Net !

So when it comes to the Government's where are they truly at ? do they have anyone who truly totaly has a handle on what is going on in reality, or is it all based on pie in the sky bs ! i have seen it all played out and know it's BS ! Why do i not believe them ? well infact why would i in fact ! I know it's all an arse clown show and that is just the front display ! then we can start on indepth foundations. Well well well that's when the Devil and the deep blue sea can come into it, one could say because their are wheels within wheels, not only in regard the system it's self but the rest of the world games that play out. That's a talk show that can go on and on, that most people could not fathom any way, but i do have some of a handle on how business world is likened to a Zoo or taking part in a Casino.
Someone holds all of the cards one could say in a Casino and it comes down too who is who in the Zoo.

 

[Scott Downey]

Peter Brandt Predicts US Dollar Collapse, Backs Bitcoin as Solution

Peter Brandt predicts US dollar decline, sees Bitcoin as a viable alternative amidst rising concerns about financial management.

coingape.com