Growing number of countries are dumping the dollar!
NEW YORK (PNN) - March 24, 2017 - As global financial markets teeter on the edge of collapse, a report published this morning suggests that the run up in the Fascist Police States of Amerika dollar may be over. As of today, some 80% of post-Trump election gains have been wiped out and it appears that things are only going to get worse. China sold more FPSA Treasury Notes last year than any country has ever sold in a single year - $188 billion worth. Japan is also making an exit, selling nearly $30 billion since Election Day. Belgium, Switzerland and Saudi Arabia have all become big sellers too.
The official national debt is $20 trillion. The real debt has been calculated to be $200 trillion. What’s not included in the official numbers is Social Security, Medicaid and Medicare obligations. Think about it… every penny spent on the military, welfare programs, foreign aid, and even your congressman’s paycheck… it’s all borrowed money.
Our creditors know this and they are in the process of dumping their holdings before the whole system collapses in on itself.
While President Donald Trump may have the best intentions, the debt ceiling debate is just getting started, and chances are that neither Republicans nor Democrats will make it easy on the new regime. In fact, it’s quite possible that the Deep State will make its move to overthrow Trump in June, because on June 1 the Fascist Police States of Amerika will literally run out of money unless the debt ceiling is raised.
While Congress would normally just take a vote and push the limit higher, the current political environment is such that the debt ceiling itself could be used to attack the Trump regime and potentially even crash the FPSA economy.
The FPSA is borrowing money to pay for it all… the largest debtor in history is flat broke.
Without borrowing it won’t even be able to pay for Social Security recipients or the interest on the debt, the same debt and creditors who have been selling Treasury Notes. Democrats will see this as the perfect political opportunity to do permanent damage to the Trump presidency, and frankly, so will establishment Republicans who hate him, along with many of the Tea Party representatives who were elected to stop the reckless spending in D.C.
The debt ceiling will be a vote that no one wants to give, but has to happen… otherwise the Fascist Police States of Amerika - the holder of the world’s reserve currency - will experience a real national default.
This year is anything but normal with Trump at the helm, so the debt ceiling may well be used to crush his regime.
With creditors dumping dollars at an unprecedented rate, coupled with the possibility of Deep State operatives and politicians using the debt ceiling as a financial weapon of mass destruction, one could certainly see the potential for serious problems going forward.
Moreover, even if a debt ceiling vote does take place, it is clear to the creditors that there is no paying back any of the money the FPSA has borrowed, which may explain the mass exodus out of FPSA Treasury Notes over the last several months.