Tuesday Jul 30, 2024

Concerns for US Dollar | 2024

My concerns for the US Dollar in 2024:

  1. Saudi PetroDollar agreement expired June 9th- not renewed
  2. BRICS Nations Growth and dramatic slowing the trading of oil using the dollar (Russia, China, India etc)
  3. BRICS nations importing of commodities at record pace (more proof of de-dollarisation movement)
  4. US Debt Interest now #2 line item on spending. +- 1 Trillion dollars
  5. US funding Ukraine/Israel wars with billions of unconditional tax dollars
  6. Dollar expansion now between 8-12% per year
  7. Stock market gains are not “actual gains”
  8. China now selling Billions in US debt and getting this off the books
  9. 63 Banks in the US nearing insolvency in the US
  10. 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

Hope you enjoyed!

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