Kim Dotcom, an entrepreneur and activist, published a tweet on June 5, 2022. He said that it was “the most important thread” regarding a major global crisis. Dotcom specifically mentions the American economy in the thread and claims that the U.S. Dotcom specifically focuses on the American economy and claims that the “U.S.
Kim Dotcom Examines the American Economy and Says that US Government’s ‘Spending & Debt have Spiraled Out Of Control’
Kim Dotcom , a digital entrepreneur, took to Twitter to discuss the possibility of a major global economic collapse. Dotcom has been less optimistic in recent times. These beliefs were further explained in the tweet thread that he published this weekend. Dotcom discusses his beliefs and dissects the U.S. economics in the thread.
Dotcom wrote that the United States had not experienced a surplus or a balance budget since 2001. The U.S. has only [four] years of profit in the past 50 years. Even though the U.S. has a lot of profit, it would not be enough for the [six] month current deficit. How did the U.S. finance these things? U.S. debt and spending have spiraled outof control, and the [government] cannot raise the money it requires by printing it.” Dotcom shared an image of the Fed’s M1 money supply graph. Dotcom continues .
Inflation is a result. This is like taxing you more because you have to pay more for the items you need, and your assets decrease in value.
Dotcom Warns about ‘Mass Poverty’ and a New System of Control
Megaupload’s former CEO, Elon Musk , said that he had a “super bad feeling about the U.S. Economy” and Jamie Dimon , CEO of JPMorgan, warned of the potential for an economic hurricane. Recently, Gerald Celente, a trends forecaster, explained that the chances of a recession will increase if there is more war in Europe.
Gold bug and economist Peter Schiff has warned those he follows that the US economic downturn “will be worse than the Great Recession’.” The thread was started by Dotcom, who claims that the U.S. has gone bankrupt due to the Fed’s monetary expansion and its debt.
Dotcom stated that the U.S. is the world’s reserves currency. Dotcom stated that USD is a safe asset and that all nations have it. So when the U.S. [government] prints trillions, it’s robbing Americans as well as the entire globe. This is the largest theft in history.
He said that the problem is that it has been going for decades, and that it will eventually lead to “mass poverty” and “a new system of controls.” Dotcom did the math to determine America’s unfunded liabilities as well as the total country’s assets.
Dotcom stated that the U.S. would be broke even if it could sell all its assets at current market prices. He stated that the U.S. was “beyond bankrupt” and that the patient is dead. Dotcom explained how broken he believes the nation is today. He also wrote about why he believes a “collapse” is imminent and inevitable.
Dotcom commented that you may have heard of the “Great Reset” or the “New World Order”. Is this a deliberate destruction of global markets, economies and the world as it is? Dotcom ends his Twitter thread with , stating
The world will fall apart without a controlled demolition, even for the elites. The world has changed tremendously and it is difficult to understand why. There are obvious propaganda media, corruption, and erosion of rights. What is the end game?
Mainstream media has called the “Great Reset” subject a “conspiracy theory”, as it is believed to be a plot to create a new dystopian world by using specific global crises such as Covid-19 and the Ukraine-Russia conflict . Others believe that while the “Great Reset” is real, and despite all the theories, it is the path towards a sustainable recovery after events such as Covid-19 and what environmentalists call a climate crisis.