
Tuesday Jul 30, 2024
Concerns for US Dollar | 2024
My concerns for the US Dollar in 2024:
- Saudi PetroDollar agreement expired June 9th- not renewed
- BRICS Nations Growth and dramatic slowing the trading of oil using the dollar (Russia, China, India etc)
- BRICS nations importing of commodities at record pace (more proof of de-dollarisation movement)
- US Debt Interest now #2 line item on spending. +- 1 Trillion dollars
- US funding Ukraine/Israel wars with billions of unconditional tax dollars
- Dollar expansion now between 8-12% per year
- Stock market gains are not “actual gains”
- China now selling Billions in US debt and getting this off the books
- 63 Banks in the US nearing insolvency in the US
- US Real Estate Market is stagnant (1 out of 3 home buyers are paying with cash in 2024)
How can Bitcoin be the solution?
Not financial Advice
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