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<ul>
 <li><strong>The US is heading towards a $175 trillion debt crisis. </strong></li>
 <li><strong>The dollar is steadily losing its significance in the global economy.</strong></li>
</ul>
<p data-sourcepos="12:1-12:97">The Western world is on the brink of an unprecedented debt crisis, as <a href="https://www.ethnews.com/mercari-revolutionizes-wealth-building-with-automated-bitcoin-accumulation-feature/" rel="noopener noreferrer nofollow">warned by</a> American investor Balaji Srinivasan in a recent article. The US debt has reached alarming levels, threatening to plunge the global economy into a financial tsunami.</p>
<h2 data-sourcepos="14:1-14:27" id="hidden-economic-reality">Hidden Economic Reality</h2>
<p data-sourcepos="16:1-16:436">Similar to President Biden’s concealed senility, the establishment is hiding the true state of the economy. The US government has issued more emergency loans in 2023 than during the 2008 financial crisis. During the “Biden Boom,” more debt was accumulated than during the COVID pandemic, at an interest rate of 5%. Interest payments on the national debt are now the largest government expenditure, surpassing defense or social benefits.</p>
<h2 data-sourcepos="18:1-18:9" id="dollar-devaluation-and-loss-of-confidence">Dollar Devaluation and Loss of Confidence</h2>
<p data-sourcepos="20:1-20:392">The dollar has lost at least 25% of its value in just four years. Considering the increase in loan payments due to interest rate hikes, the purchasing power may have been weakened even more. China, the largest foreign buyer of US Treasury bonds, is rapidly divesting itself of them. Simultaneously, countries like China are accumulating gold reserves while Western countries are selling gold.</p>
<h2 data-sourcepos="22:1-22:34" id="de-dollarization-and-sanctions">De-Dollarization and Sanctions</h2>
<p data-sourcepos="24:1-24:235">The Chinese currency is gaining prominence in cross-border payments. Sanctions, like those imposed on Russia, have proven less effective than expected. Despite sanctions, Russia has surpassed Japan and become the fourth-largest economy in the world.</p>
<h2 data-sourcepos="26:1-26:40" id="military-weakness-and-unpayable-debt">Military Weakness and Unpayable Debt</h2>
<p data-sourcepos="28:1-28:341">The US finds itself in a paradoxical situation: it is heavily indebted but lacks the financial resources or production base to sustain a military campaign against a rival like China. The true US debt, <a href="https://www.ethnews.com/venezuelas-cry-for-freedom-encoded-in-bitcoins-blockchain/" rel="noopener noreferrer nofollow">considering</a> all obligations like Social Security and Medicare, amounts to $175.3 trillion and is rapidly increasing. This debt is unpayable.</p>
<h2 data-sourcepos="30:1-30:33" id="the-dollar-s-diminishing-role">The Dollar’s Diminishing Role</h2>
<p data-sourcepos="32:1-32:206">The dollar is steadily losing its importance. China uses the yuan for trade, the BRICS nations are buying gold instead of US bonds, and Russia has become the fourth-largest economy after being excluded from the American economy. However, the US is more reliant than ever on the world’s acceptance of the dollar, as its debt surpasses any other empire in history.</p>
<p data-sourcepos="34:1-34:190">The warning of a $175 trillion debt crisis is a wake-up call for the global economy. The question is not if the crisis <a href="https://www.ethnews.com/experts-tipping-viral-presale-star-to-eclipse-outdated-bitcoin-cash-bch-and-ethereum-classic-etc/" rel="noopener noreferrer nofollow">will come</a>, but when and with what force it will hit the global economy.</p>
<p>The post <a href="https://www.ethnews.com/175-trillion-debt-crisis-the-impending-financial-tsunami/" rel="noopener noreferrer nofollow">$175 Trillion Debt Crisis: The Impending Financial Tsunami</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.</p>

$175 Trillion Debt Crisis: The Impending Financial Tsunami

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