News, Rumors and Opinions Sunday 4-14-2024
US National Debt To Shatter $141,000,000,000,000 As Massive Borrowing Threatens Dollar’s Reserve Currency Status Over Next Three Decades: CBO
At time of publishing, the US national debt has reached $34.64 trillion.
Alex Richardson – Daily Hodl
April 12, 2024
The Congressional Budget Office (CBO) projects deficits will run wild as the US national debt surpasses a staggering $141 trillion by the year 2054.
In a new budget outlook report, the non-partisan federal agency estimates that the United States’ GDP will reach $85.2 trillion in three decades, but that debt will be 166% of that, or $141.432 trillion.
The excessive debt could threaten the dollar’s role as the reserve currency, the CBO says.
“The likelihood of other adverse outcomes would also increase. For example, expectations of higher inflation could erode confidence in the U.S. dollar as the dominant international reserve currency.”
At time of publishing, the US national debt has reached $34.64 trillion.
The CBO forecasts that rapidly growing debt will eventually push up the cost of borrowing to the point where private investment will reduce, slowing economic growth and making the lives of American workers significantly worse.
“As a result, investment in capital used for the production of goods and services, such as housing and commercial structures, decreases. That reduction in private investment would slow economic growth.
Specifically, as investment in capital declined, workers would, on average, have fewer resources to do their jobs than they would if debt was smaller and capital investment was greater.
Consequently, they would be less productive, their compensation would be lower, and they would therefore be less inclined to work. Those effects would increase over time as federal borrowing grew.”
Read full article here: https://dinarchronicles.com/2024/04/14/us-debt-to-shatter-141-trillion-as-massive-borrowing-threatens-dollars-reserve-currency-status/
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Ginger: The QFS Operates completely independently from the existing “centralized” banking and ends the “Central Banking System” that perpetuates “Debt Slavery” around the world.
• Even though it is the ultimate in design, reliability, security and safety, the roll-out process will occur over time.
• QFS operates on a Distributed Ledger Technology. It is NOT crypto currency or Blockchain technology.
• Quantum Qubits “interact” with every financial transaction anywhere in the world of finance to ensure that each transaction is legal, owner-intended and transparent.
• Since Central Banks do not have the ability to “reconcile” old FIAT (paper) money into the new QFS system, all fractional reserve banking and central banking activities will cease.
• Every sovereign currency and every bank represents a separate Ledger in QFS.
• Data on all account holders, at all banks, in all 209 participating countries was downloaded into QFS in March 2017 and serves as a “Distributed Ledger”.
• QFS is designed for and ready to convert ALL bank accounts denominated in any Fiat currency anywhere in the world into a local asset-backed currency.
• QFS pings the originating Fiat currency bank account to ensure it is still valid, active, and operational at the time the exchange of fiat currency for asset-backed currency takes effect.
• After the successful ping of a local bank account, the fiat currency holdings are converted into the new local asset-backed currency on a 1:1 basis.
Read full post here: https://dinarchronicles.com/2024/04/13/restored-republic-via-a-gcr-update-as-of-april-13-2024/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man We know Al-Sudani is gearing to come to the United States on or around the 15th. Today we see he's ready to spend about a week in the Untied States. His saying about a week in the United States is a big deal because that's a long time. He's bringing...senior representatives from the Central Bank of Iraq...They're going to be talking with the United States Treasury...
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television is talking about our international debt going from trillions to billions... FRANK: That is the definition of lifting the three zeros...It's that simple...Going from trillions to billions - how? 'We already told you, we're lifting the three zeros from our exchange rate.' Why? 'Because we're re-denominating our currency.' How? 'By bringing out lower notes and getting rid of the three zero notes... ' Why? 'Because we suffered enough.'
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Iraqi Prime Minister Prepares for Meeting at the White House
Edu Matrix: 4-13-2024
Iraqi Prime Minister Prepares for Meeting at the White House - Progress on the Development Road Project IQD Rate Increases Against the US Dollar - Iraq has started a new military manufacturing project. See why the US may not be happy about this new project.