Former World Bank Director, Erik Bethel, breaks down a US dollar collapse scenario.

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Former World Bank Director, Erik Bethel, breaks down a US dollar collapse scenario. “How are they buying it? Well they buy it by printing money. The artificial demand for dollars around the world is largely due to the fact that 60% of central banks have the dollar sitting in reserves. If the dollar isn’t there because nobody wants to use the dollar, we’re screwed. All that artificial demand for dollars disappears and we crater. We’re not going to be able to pay Medicare. And we’re adding $1 trillion of debt every hundred days. You know our government is paying more in interest on our debt, like over $1 trillion in interest alone. We’re paying more in interest, just in interest to service the debt than we are paying for the Defense Department. People start losing faith in the dollar. We see huge amounts of inflation, perhaps hyperinflation.”

Categories: Conspiracy & Truth Debate & Discussion Opinion

Tags: shawn ryan erik bethel us dollar collapse 666

0 +1 ubi 2 months ago

The USD has been 'collapsing' for decades,
except,
.
.
.
.
.

it hasn't.

worst period was mid-20 teens when parity made the AU$ same value as US$ for about most of the year
THAT was great ti eto buy US goods at dolar for dollar prices.

and
no tax!!