Name: US DEBT EXPLODES as BRICS Calls to End Dollar Dominance! | Bitcoin News Today
Uploaded: 2023-08-04T19:55:33+00:00
Duration: 18 min 58 s
Description: Massive economic developments as the United States Debt is exploding with no limits in sight. Fitch downgraded the US and the Secretary of Treasury Janet Yellen doesn't seem to understand why. We'll s

2 years ago

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Massive economic developments as the United States Debt is exploding with no limits in sight. Fitch downgraded the US and the Secretary of Treasury Janet Yellen doesn't seem to understand why. We'll show you exactly why the downgrade isn't harsh enough as the US is entering a debt tsunami that will force the FED to step in and debase the currency. All this, while BRICS has called to end the dollar's dominance. The stage is set for Bitcoin to break through in a major way, you don't want to miss this one!!

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Sauces and Media
► Janet Yellen on credit rating downgrade “Fitch’s decision is puzzling in light of the economic strength we see in the US. I strongly disagree with Fitch’s decision, and I believe it is entirely unwarranted.”: https://twitter.com/SimplyBitcoinTV/status/1687079586360680448?s=20
► "No one takes it seriously We're spending more and we're not doing anything to make sure we balance it out, " says Sen. Joe Manchin: https://twitter.com/SimplyBitcoinTV/status/1687092158690369536?s=20
► Senator Thomas Carper a sitting Congressman on the Senate Finance Committee is literally shorting the US (BI): https://twitter.com/SimplyBitcoinTV/status/1687070929946284032?s=20
►US dramatically increasing debt it issues in the next 12 months to finance $2 Trillion in deficits plus refinance all of the maturing debt at higher rates: https://twitter.com/SimplyBitcoinTV/status/1687078806706651136?s=20
► US DEBT expected to rise from 98% GDP in 2023 to 118% GDP in 2033 By 2053 Debt-to-GDP is expected to hit an alarming 195%: https://twitter.com/SimplyBitcoinTV/status/1686740597665665026?s=20
► Fed’s ownership of US federal debt has recently plunged to 2014 levels…Inevitably this means must go Brrr: https://twitter.com/SimplyBitcoinTV/status/1687077718704136192?s=20
► Fitch says Governance deterioration lowers Confidence in Govs ability to address Fiscal and Debt Issues (ZH): https://twitter.com/SimplyBitcoinTV/status/1686737928288890880?s=20
► The US govt is borrowing about $1 trillion every 3 months The D-E-B-T Spiral is Coming: https://twitter.com/SimplyBitcoinTV/status/1687454200697966593?s=20
► Blackstone CEO Steve Schwarzman on Fitch's downgrade "The U.S. is the world's reserve currency. That doesn't last forever if you don't have discipline." Gradually Then Suddenly BITCOIN: https://twitter.com/SimplyBitcoinTV/status/1687453195386134528?s=20
► US Gov. to Borrow $1,000,000,000,000 in Q3 as Debt Servicing Costs Shatter 11-Year High (US Treasury): https://twitter.com/SimplyBitcoinTV/status/1687441936347521024?s=20
► President of Brazil calls to end Dollar dominance: https://twitter.com/SimplyBitcoinTV/status/1687225067879505921?s=20
► US Credit Rating Downgrade Boosts Hard Money Status of Bitcoin (The Block) "Increased US Treasury borrowing, interest costs higher, and funding needs rising, the need for a hard money alternative starts to be appreciated": https://twitter.com/SimplyBitcoinTV/status/1687431711221592065?s=20
► KPMG: https://twitter.com/SimplyBitcoinTV/status/1687429504241741826?s=20
► Bitcoin not “CrYpTo”: https://twitter.com/SimplyBitcoinTV/status/1686346472202137600?s=20
► The Bitcoin and 2024 US Presidential Election report said Millennial and GenZ "could be the most critical demographic of voters” (Grayscale): https://twitter.com/SimplyBitcoinTV/status/1687460942722871296?s=20