Noted in the world economic landscape:
1. China and Japan dumping US treasuries
2. No attempt by US lawmakers to stop deficit spending. It is growing by $100 billion a month
3. BRICS nation making moves to dedollarize the world econonmy.
Elon Musk warns of economic cataclysm from this huge US debt. There is no need to wait for the Biblical apocalypse. It can happpen anytime soon
What could happen if US dollar/economy eollapses?
1. Dollar would be dumped as currency for world trade, US dollar returns to US domestic economy
2. The huge influx of dollar would drive hyperinflaction in US
3. Hyper inflation would drive down values of dollar now a reserve currency and destroy many
central banks, World economy can collapse
4. Millions, possibly billions of dollar holders would be driven to poverty.
5. World poverty follows.
