DEBT CRISIS ALERT! US TRUE DEBT May EXCEED $158 TN! 620 Tons of Gold Shipped to China｜AsianQuickTake

Welcome to Asian QuickTake, your source for in-depth analysis of global affairs, international relations, and technology. In this video, we explore the alarming state of the US economy and its impact on the US dollar and global financial system. Renowned investor Jim Rogers warns that the US debt is much higher than officially acknowledged, with off-balance-sheet debt pushing the total to potentially exceed $158 trillion. The US economy is already facing dire consequences due to escalating debt and deficits. Data from the US Department of the Treasury reveals a concerning 170% year-on-year increase in the federal deficit, reaching $ trillion in the first nine months of fiscal year 2023. Debt service costs have surged to $652 billion, putting the US economy on shaky ground. Many economists suggest that gold may be used to repay debt and interest, as bondholders must be compensated. The decline of the US dollar’s status in global foreign exchange reserves is evident, reaching its lowest level in 25 years. The US dollar’s dominance in global commodity and foreign exchange transactions is facing challenges, with the rise of de-dollarization events worldwide. Russia and other emerging economies are actively promoting the use of their own currencies for trade, signaling a shift away from the US dollar. The BRICS countries’ increasing gold reserves and plans to introduce a gold-backed unified digital currency further challenge the US dollar’s hegemony. Gold is regaining prominence as a strategic asset, and several US states have declared gold as legal tender. China is accelerating the liquidation of US Treasuries and increasing its gold holdings, contributing to the de-dollarization process. As the US budget dispute continues and the banking crisis looms, global central banks may sell US Treasuries, further accelerating de-dollarization. The potential US debt crisis and lack of trust in the financial system may damage the reputation of US Treasuries as a safe-haven asset and the US dollar as a global reserve currency. Congress is considering drastic measures, such as minting gold coins, but uncertainties remain. Join us in the next video as we continue to monitor and analyze the rapidly evolving global economic landscape. We appreciate your thoughts and opinions, so please share them in the comments section below. Don’t forget to like, subscribe, and enable the bell notification feature to stay up to date with Asian QuickTake. See you in the next video. 💯TOP 3 Video Swiss Sells $36.4 billion U.S. Treasuries ▶ Africa Rejects US’ Blank Check ▶ China to Accelerate Dumping of Up to $800bn U.S. Debt ▶ ━━━━━━━━━━━━━━━━━━━━━ ✅ COPYRIGHT DISCLAIMER Asian Quicktake Doesn’t Fully Own Some of the Materials Compiled in Its Videos. It Belongs to People or Organizations Who Ought to Be Respected. If Used, It Falls Under the Following Provisions: Copyright Disclaimer Section 107 of the Copyright Act 1976. “Fair Use“ is Allowed for Purposes Such As Criticism, Comment, News Reporting, Teaching, Scholarships, and Research. ━━━━━━━━━━━━━━━━━━━━━ ✅ If You Are the Owner of the Materials Used in This Video, Let us Know in the Comments or Send a Email to me. We Will Follow Your Request Immediately. ━━━━━━━━━━━━━━━━━━━━━ ✅ FINANCIAL DISCLAIMER This Channel’s Content Should Not Be Interpreted or Construed As Financial Advice. We Are Not, and Do Not Claim to Be, an Attorney, Accountant, or Financial Advisor. This Channel’s Content is Not a Substitute for Financial Advice and is Solely for Entertainment Purposes.