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Showing posts with label trillion. Show all posts
Showing posts with label trillion. Show all posts

Sunday, October 6, 2024

Will the $35 trillion US debt an economic apoclypse to the world?

It is more fun criticizing

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.  





Thursday, November 25, 2021

China tells RP to remove RPS Sierra Madre at Ayungin Shoal

It is more fun criticizing





Are we going to war with China?

Immediately after China told that the ships at Ayungin shoal will leave the area, our country was told to remove the WW2 vessel, outpost of Philippines RPS Sierra Madre

Earlier, Pres. Duterte lambasted China for blocking and water cannon treatment for the supply ship going to the said ship   Ayungin shoal incident does not speak well of RP China relations

We should be fully aware of the imperialistic goal of China.  China wants to be No.1 in the world. 


 Economically and perhaps militarily.  It wants to get resources  for its people and its growth.