Are We Facing the END of the US Dollar? Must Watch!
Published: 2024-11-09
Status:
Available
|
Analyzed
Published: 2024-11-09
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
A brief US debt default is predicted to cause a global economic crisis, while a long-term default would be catastrophic.
"economists believe that even a brief default would cause a global economic crisis while a long-term default would be catastrophic."
Pending
A US debt default could lead to a 9% increase in unemployment, equating to approximately 6 million job losses.
"unemployment to rise by around 9% This equates to around 6 million jobs being lost in the United States"
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Inflation is predicted to be bullish for Bitcoin as it's used as an inflation hedge.
"it would simultaneously be bullish for assets like gold and Bitcoin which are often used as Hedges against inflation"
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A US debt default could cause the stock market to decline by as much as 45%.
"some economists predict that the stock market could decline by as much as 45%"
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Bitcoin is considered a digital gold and the best performing asset of all time, suitable as an inflation hedge.
"or it could be an alternative digital gold like Bitcoin which by the way is the best performing asset of all time"
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A US debt default could significantly weaken the US dollar and lead to its abandonment as the world's reserve currency.
"the US dollar would be significantly weakened and this would likely lead to being abandoned as the world's Reserve currency"
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The US debt ceiling was suspended until January 1, 2025.
"the debt ceiling has actually been suspended until the 1st of January 2025"
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The US debt ceiling has been suspended until January 1, 2025.
"the debt ceiling has actually been suspended until the 1st of January 2025"
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A US debt default could lead to a 9% increase in unemployment, equating to 6 million jobs lost.
"with the potential for unemployment to rise by around 9% this equates to around 6 million jobs being lost in the United States"
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US federal debt has grown from $394 billion to $35.8 trillion in the last 100 years, a nearly 100-fold increase.
"over the last 100 years the US federal debt has expanded from 394 billion to $ 35.8 trillion today almost a 100x"
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A US debt default could cause the stock market to decline by up to 45%.
"some economists predict that the stock market could decline by as much as 45%"
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The average US debt per person is over $100,000, based on a population of approximately 346 million.
"with a US population of around 346 million This equates to an average debt of well over $100,000 per person"
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A US debt default could lead to the US dollar being significantly weakened and abandoned as the world's reserve currency.
"the US dollar would be significantly weakened and this would likely lead to being abandoned as the world's Reserve currency"
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Inflation will continue to devalue the US dollar, a trend observed for decades.
"inflation will devalue the US dollar much like it's been doing for decades"
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Physical gold is considered a safe haven asset and a hedge against inflation.
"this could be physical gold which is widely considered a safe haven asset"
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Gold and Bitcoin are predicted to perform well (bullish) as hedges against inflation.
"it would simultaneously be bullish for assets like gold and Bitcoin which are often used as Hedges against inflation"
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The US dollar's value has eroded over time, mirroring the historical failure of most fiat currencies.
"heck this is a tale as old as time and is why pretty much every fiat currency that has ever existed has been doomed to fail"
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Most countries worldwide inflate their money supply to support their economies.
"almost every country in the world props up its economy by inflating the money supply"
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Bitcoin is identified as the best performing asset of all time.
"Bitcoin which by the way is the best performing asset of all time"
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