ATAF - All True American Friendship 🇺🇸 🤝 🇺🇸 ️🤝 🇺🇸

🔥 The US has stopped managing its debt and the situation is out of control So far, the financial world is pretending that nothing terrible is happening. However, the cost of servicing the national debt has doubled since 2020 and will be $1 trillion in 2023. BofA predicts it will cost $1.6 trillion to service U.S. debt this year if the Fed doesn't cut rates. Interest will become the most costly item in the budget, twice the Pentagon's budget. The problem has no easy solutions: it is impossible to devalue the dollar, its rate will fall along with the rates of other currencies (yen, euro, yuan); a default on U.S. Treasury bonds will lead to financial, and then political and military disasters. Therefore, the only way out is a prolonged inflation of the dollar, which will eat up the U.S. debt, and with it capital, savings and income, equalizing the rights and opportunities of Americans with Argentines. Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 US Presidential Candidate RFK Jr Unveils Plan to Put Entire US Budget on Blockchain U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has unveiled his plan to put the entire U.S. budget on a blockchain. “Every American can look at every budget item in the entire budget, anytime they want, 24 hours a day,” he explained, adding that if somebody is spending $16,000 for a toilet seat, everybody is going to know about it. "We’re gonna have 300 million eyeballs on our budget." “We should be wary since CBDCs are the ultimate mechanisms for social surveillance and control,” he has cautioned. “While cash transactions are anonymous, a CBDC will allow the government to surveil all our private financial affairs. The central bank will have the power to enforce dollar limits on our transactions restricting where you can send money, where you can spend it, and when money expires.” Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 Confiscation of Russian Assets in the US Would Supercharge De-Dollarization Analysts are pondering the effects of the approval of the Rebuilding Economic Prosperity and Opportunity (REPO) Act by the U.S. House. The execution of seizures for over $6 billion of Russian assets held in U.S. institutions would “supercharge” the de-dollarization efforts of several nations. This is due to the possibility of having their assets seized following any disagreements with U.S. policies. It just supercharges de-dollarization. And that’s not good, especially when you have an America that is used to living on larger and larger debt raised by people placing the trust and buying treasuries and bonds. Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 Morgan Stanley: US Dollar Has No Credible Challengers; Reserve Currency Status to Endure The U.S. dollar is likely to remain the world’s dominant reserve currency due to the absence of credible challengers. Morgan Stanley suggests that the Chinese yuan, often considered a potential rival to the U.S. dollar, currently falls short and is unlikely to dethrone the greenback. Morgan Stanley’s assertive remarks come as concerns over U.S. debt levels and rising geopolitical risks have prompted a debate about the dollar’s future as a global reserve currency. The perceived weaponization of the dollar by the U.S. government is also energizing critics who have been calling for an alternative to the dollar. Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 SEC Chair Gary Gensler's Social Media Post Led Some to Believe He Was Resigning U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s social media post expressing that “it’s been an honor to serve” as SEC chairman sparked speculation within the crypto community that he might be resigning from his position. Many people, including lawmakers, have criticized Gensler for taking an enforcement-centric approach to regulating the crypto industry. Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

💥 Great offer for all honest True American Friends. Join the Association of True American Friends for free as You are always welcome as a real True American Friend. 👉 Join now: https://www.transam.org/joinus/ Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 Peter Schiff Warns High Inflation Returning — Accuses JPMorgan CEO Jamie Dimon of Sugarcoating the Problem Economist and gold bug Peter Schiff has warned that high inflation will return with a vengeance and significant Fed rate hikes will be necessary. He also criticized JPMorgan CEO Jamie Dimon for downplaying the severity of the U.S. economic situation. However, he conceded that Dimon’s perspective is “a lot closer to being right than most other Wall Street CEOs.” But he’s actually sugar coating the problem. It’s far worse than he believes, or that he publicly lets on, if he’s deliberately understating how bad he knows the problem really is. Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 High turbulence predicted for the US stock market Renowned American economist and analyst Ed Yardeni stands out from the mainstream of Wall Street experts with his thoughtful and logical forecasts and reasoning. The well-known economist attributed the market turbulence to the complex geopolitical environment that is weighing on oil prices, the lagging profit forecasts of some major U.S. companies (e.g., Tesla and Intel), a still-robust labor market and other factors that are preventing the Fed from making its long-awaited discount rate cut. As Fed Chairman Jerome Powell has repeated many times since March 2022, the start of the rate hike, the road to lower inflation will be an uneven one for the economy and markets, with bumps and potholes. The price of a barrel of WTI crude oil has already risen from $71 to $85 this year on heightened geopolitical tensions, especially in the Middle East. Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 Markets Tumble as Fed Rate Cut Expectations Diminish Attention is riveted on the Federal Reserve’s assembly set for May 1, with widespread anticipation that the U.S. central banking authority might lower the federal funds rate at this juncture of the year. Currently, market forecasts suggest a rate reduction is very unlikely, and Cleveland Federal Reserve President Loretta Mester has expressed her inability to envision a rate cut occurring in May. Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website