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American experts are seriously talking about the collapse of the US economy next summer. The AvtoVzglyad portal suggested how this story could turn out for the Russian car
In the summer of 2023, the US economy will face problems worse than the crisis of 2008, writes former congressman Brandon Weichert in the US edition of 19FortyFive. He argues that the dollar’s default and devaluation is approaching America at an alarming rate. And he predicts that as early as the summer of 2023, the “feint with the ears” that has worked for decades to prevent a default on the US national debt has every chance of failing to work.
Usually, when there isn’t enough money in the budget, the US Congress (almost annually recently) passes a law that allows you to “print” the missing amount by selling the corresponding amount of federal debt on the market. The scheme “rolls” from year to year, “wrappers” proliferate throughout the global financial system — as long as the U.S. state budget pays interest to creditors. Among other things at the expense of the newly “printed” funds in the above way…
This scam works successfully at the state level, although the creator of MMM, a man named Mavrodi, went to jail in Russia for just such activities. But this is a text. The reality is that President Biden and the Democratic faction in the US Congress are drafting the state budget for 2024 at $6.8 trillion. dollars. Since the budget for the current fiscal year (i.e. until September 2023) is only 1.7 trillion. Just imagine: an abrupt increase in government spending four (!) times. Using the good old “candy wrapper printing” – by what else?
The current US leadership needs money like air to support the dizzying economy. After all, just to banish the creeping banking crisis, the US state will have to spend (i.e. “print”) 2 trillion, according to estimates by a number of Western economists. That is already a doubling of the budget for 2023! Such a sharp increase in the volume of the US national debt scares everyone who deals with the subject.
Everyone understands that the snowball of loans is rapidly rolling downhill and something needs to be done about it. And beyond that there is not much to do. Except how to devalue the dollar and say the classic: “to whom I owe – I forgive.” And this fundamental event can happen right at the end of the summer of 2023, when the Biden Democrats in the US Congress will try to push through the approval of the 6.8 trillion budget, and the Republicans will do their best to to prevent.
If a large enough group of holders of US debt (and these are mainly large US financial structures) look, look and decide: it’s time to get “out” of this financial pyramid – then the time has come! After that, everyone will start throwing away US government bonds en masse and in a panic. The US budget is collapsing.
The economic bomb will explode to such an extent that the 2008 mortgage crisis in the United States, from which the world economy would only recover in three or four years, will look like “flowers”. The “berries” that are now rapidly ripening will collapse not only the stock market, but the entire economy of the “states” in general.
But it is the US market that has traditionally been considered a priority by all the world’s automakers. And Europe, and Japan, and China. Imagine: bang, and everything collapsed. What to do with the products of companies that build their business on American consumption? Despite the fact that the crisis of overproduction of cars is already raging in China.
And in Russia, meanwhile, the market lacks at least 1 million cars a year due to the departure of foreign car manufacturers and Western sanctions. In the crisis situation described above, the Russian consumer will become the only “straw” that will try to grab literally the entire global auto industry. As you like: “in gray”, “in black”, “in rainbow”, at dump prices – everyone will try to sell their vehicles to us. The Chinese auto industry will certainly benefit, thanks to the lukewarm friendship between President Vladimir Putin and Chairman Xi Jinping.
If/when the United States is hit by the economic blow described above, Ukraine’s geopolitics will be no match for the rest of the world. And without the support of the Americans, the descendants of the proto-Ukrainians will very soon stop buzzing, drop their weapons and shout in a characteristic way: “What are we for?” You understand how all this will affect the West’s anti-Russian sanctions. So let’s keep our fingers crossed that the prophecy from the movie “Brother” comes true: “Kirdyk to your America!”
In the summer of 2023, the US economy will face problems worse than the crisis of 2008, writes former congressman Brandon Weichert in the US edition of 19FortyFive. He argues that the dollar’s default and devaluation is approaching America at an alarming rate. And he predicts that as early as the summer of 2023, the “feint with the ears” that has worked for decades to prevent a default on the US national debt has every chance of failing to work.
Usually, when there isn’t enough money in the budget, the US Congress (almost annually recently) passes a law that allows you to “print” the missing amount by selling the corresponding amount of federal debt on the market. The scheme “rolls” from year to year, “wrappers” proliferate throughout the global financial system — as long as the U.S. state budget pays interest to creditors. Among other things at the expense of the newly “printed” funds in the above way…
This scam works successfully at the state level, although the creator of MMM, a man named Mavrodi, went to jail in Russia for just such activities. But this is a text. The reality is that President Biden and the Democratic faction in the US Congress are drafting the state budget for 2024 at $6.8 trillion. dollars. Since the budget for the current fiscal year (i.e. until September 2023) is only 1.7 trillion. Just imagine: an abrupt increase in government spending four (!) times. Using the good old “candy wrappers” – by what else?
The current US leadership needs money like air to support the dizzying economy. After all, just to banish the creeping banking crisis, the US state will have to spend (i.e. “print”) 2 trillion, according to estimates by a number of Western economists. That is already a doubling of the budget for 2023! Such a sharp increase in the volume of the US national debt scares everyone who deals with the subject.
Everyone understands that the snowball of loans is rapidly rolling downhill and something needs to be done about it. And beyond that there is not much to do. Except how to devalue the dollar and say the classic: “to whom I owe – I forgive.” And this fundamental event can happen right at the end of the summer of 2023, when the Biden Democrats in the US Congress will try to push through the approval of the 6.8 trillion budget, and the Republicans will do their best to to prevent.
If a large enough group of holders of US debt (and these are mainly large US financial structures) look, look and decide: it’s time to get “out” of this financial pyramid – then the time has come! After that, everyone will start throwing away US government bonds en masse and in a panic. The US budget is collapsing.
The economic bomb will explode to such an extent that the 2008 mortgage crisis in the United States, from which the world economy would only recover in three or four years, will look like “flowers”. The “berries” that are now rapidly ripening will collapse not only the stock market, but the entire economy of the “states” in general.
But it is the US market that has traditionally been considered a priority by all the world’s automakers. And Europe, and Japan, and China. Imagine: bang, and everything collapsed. What to do with the products of companies that build their business on American consumption? Despite the fact that the crisis of overproduction of cars is already raging in China.
And in Russia, meanwhile, the market lacks at least 1 million cars a year due to the departure of foreign car manufacturers and Western sanctions. In the crisis situation described above, the Russian consumer will become the only “straw” that will try to grab literally the entire global auto industry. As you like: “in gray”, “in black”, “in rainbow”, at dump prices – everyone will try to sell their vehicles to us. The Chinese auto industry will certainly benefit, thanks to the lukewarm friendship between President Vladimir Putin and Chairman Xi Jinping.
If/when the United States is hit by the economic blow described above, Ukraine’s geopolitics will be no match for the rest of the world. And without the support of the Americans, the descendants of the proto-Ukrainians will very soon stop buzzing, drop their weapons and shout in a characteristic way: “What are we for?” You understand how all this will affect the West’s anti-Russian sanctions. So let’s keep our fingers crossed that the prophecy from the movie “Brother” comes true: “Kirdyk to your America!”
Source: Avto Vzglyad
Donald Salinas is an experienced automobile journalist and writer for Div Bracket. He brings his readers the latest news and developments from the world of automobiles, offering a unique and knowledgeable perspective on the latest trends and innovations in the automotive industry.
