The IMF warns of a sinking global economy, Biden plans to control cryptocurrency, and Treasury’s okay with $50 trillion in debt as the world de-dollarizes. Other than that, we can understand why Biden would run on his marvelous economy. [sarcasm]
The IMF Chief warns the world economy is set for the weakest near-term growth since 1990. Director Kristalina Georgieva said global growth would expand less than 3% this year, ahead of next week’s IMF/World Bank meeting. The prediction is for every year over the next five years, well below the average 3.8%
“With rising geopolitical tensions and still-high inflation, a robust recovery remains elusive,” Georgieva said in a speech in the DC swamp.
Who could have predicted that destroying the underpinnings of our energy sector as we escalate tensions toward war with several nations would be a problem? We leveled sanctions that only hurt the West; we don’t have the money or the leadership to proceed to war with at least two major powers, but we’re doing it anyway. At the same time, the brain-damaged resident in the Oval Office has the unmitigated gall to blame Donald Trump for Biden’s surrender of Afghanistan.
Americans should be very concerned about today’s Wall Street Journal article. The Treasury claims cryptocurrency is a national security threat as it moves us toward digital currency. Digital currency will require a digital ID, and you can forget the Bill of Rights once that happens. The Central Banks will fully control your money and collude with the Democrat Party.
The report sounds reasonable enough until you remember they never let a good crisis go to waste:
“Illicit actors, including criminals, scammers, and North Korean cyber actors are using DeFi services in the process of laundering illicit funds,” said Brian Nelson, Treasury’s undersecretary for terrorism and financial intelligence. “Capturing the potential benefits associated with DeFi services requires addressing these risks.”
The report sketches out how the Treasury Department plans to bring the market under greater federal oversight, suggesting that platforms that fail to establish sufficient vetting policies risk enforcement action.
This administration will always choose the most radical path, and the media will back them up.
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This sounds fine, but keep in mind their end goal is CBDC:
Among its recommendations, the Treasury Department said the federal government needs to bolster its existing supervision and enforcement of the market by requiring platforms to adhere to the same anti-money-laundering rules that banks and other financial institutions must follow. Federal agencies also need to expand their regulatory powers to cover potential gaps in oversight of the markets, it said, and work with other governments to establish international standards.
Cryptocurrency markets threaten U.S. National Security — Treasuryhttps://t.co/vQJEJZOhET
— Disclose.tv (@disclosetv) April 6, 2023
50 TRILLION DOLLARS IN DEBT COMING SOON
Janet Yellen and the entire Biden administration threaten national security, especially as the world de-dollarizes. As you watch this, consider that our GDP is at 129%. Also, consider that the world is dumping the dollar.
The Fiat Ponzi is scared that their games can’t last longer. People are waking up to the fact that infinite printing is very bad for their wealth.#Bitcoin fixes this, they hate it https://t.co/057WZCjMDB
— 🌋🌋 Deep₿lueCrypto 🌋🌋 (@DeepBlueCrypto) April 6, 2023
Of course the current trajectory of US debt levels are unsustainable. Yet you see these morons in the White House sending $200 billion to Ukraine as if FED is their central bank.
WE DON’T HAVE A DEBT PROBLEM, WE HAVE A SPENDING PROBLEM pic.twitter.com/QmgbysbtfY
— 🌋🌋 Deep₿lueCrypto 🌋🌋 (@DeepBlueCrypto) April 6, 2023
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