american debt as a source of revenue? That would have been true until the Petrodollar started losing its value. Treasury Bonds are losing their value in the face of rising challenges from cryptocurrency, Chinese digital Yuan, Russia's alternative to the International Payment System and China's ADB that directly stands as an alternative to WB/IMF. Treasury Bonds thrived under the ecosystem of IMF/WB, Petrodollar, Swift, Rating Agencies and america's defacto stranglehold over Europe.
Today the reality shows a grim picture of where america is really headed. America's credibility lay hand in glove with its ability generate revenue from its treasury bonds. Mounting debt, a vaporized Middle Class America, Wars and the rise of China and Russia, makes it america stand in negative territory. When america dictates to Europe on whom it should buy it's natural gas from, you know that you lose allies fast.
Really!? Well they sure are doing a spectacular job at keep america at the helm. When america experiences the worst ever financial quarter, in recorded history. Someone isn't doing their job right!!!
The US economy contracted at a 32.9% annual rate from April through June, its worst drop on record, the Bureau of Economic Analysis said Thursday.
edition.cnn.com
And speaking of revenue, if the debt is actually benefiting america, then how is it that america is witnessing record breaking unemployment? Would the "brilliant minds" have the interest of the american people, at heart? Or is the truth really so fugly, that they only have their own interest at heart, while americans can literally get screwed over.
U.S. unemployment claims reached the highest level in history last week to more than 3.28 million claims due to the impact of the coronavirus.
www.ibtimes.com
Are we talking about the same contingencies that worked so well in 1973, which brought down the Brethren Woods System. That saw america renege on its responsibility of redeeming dollar for gold? Worked well back then eh?
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