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Thursday, April 15, 2021

The US FED is lying again! - Part 2

https://sg.finance.yahoo.com/news/current-us-debt-level-very-165203158.html

The US FED is lying through his teeth again!

Being a US FED, he should know the true national debt figure but he deliberately stated a much smaller debt figure of US$22.96T instead of the real figure of US$28.17T.  Is he sleeping on the job?



Is the US able to service its debts? Hell No!


The US cannot service its debts with its incoming revenues.  The only way to fulfill its debt obligations is to issue more USD which will depreciate the USD in the long term.  The US will try to support its USD in the short term so that it can continue to issue debts to cover its expenditures.  This is one of the reasons that the EU, Russia and China are moving away from the USD.

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