{"id":133714,"date":"2024-07-22T22:20:34","date_gmt":"2024-07-22T19:20:34","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133714"},"modified":"2024-07-23T00:02:15","modified_gmt":"2024-07-22T21:02:15","slug":"elon-musk-warns-of-u-s-dollar-destruction","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/elon-musk-warns-of-u-s-dollar-destruction\/","title":{"rendered":"Elon Musk Issues a Warning for the U.S Dollar"},"content":{"rendered":"<p>U.S. debt is <strong><a href=\"https:\/\/usdebtclock.org\/\">almost at $35 trillion<\/a> <\/strong>&#8211; or around $103,000 per citizen. These numbers are frightening as the government apparently is still trying to work on a plan to avoid an economic crash.<\/p>\n<p>The International Monetary Fund (IMF) has expressed concerns over the United States&#8217; significant fiscal deficits and the rising public debt-to-GDP ratio, indicating potential risks for both the country and the global economy.<\/p>\n<p>The IMF emphasized the importance of implementing a &#8220;frontloaded fiscal adjustment&#8221; through both revenue and spending measures, while also allocating some fiscal savings to poverty alleviation programs. It also suggested that a comprehensive and long-term strategy is needed in order to tackle issues related to the debt ceiling.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/best-time-to-get-rich-is-approaching-robert-kiyosaki\/\" title=\"Best Time to Get Rich is Approaching &#8211; Robert Kiyosaki\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/06\/Global-economy-2000x1200-1.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Best Time to Get Rich is Approaching &#8211; Robert Kiyosaki<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The statement also pointed out the growing trade restrictions and the emphasis on domestic content in various fiscal programs as risks to both the US and global economy.<\/p>\n<p>In the meantime, the excentric billionaire Elon Musk also commented on the current direction of the economy &#8211; and it does not look good.<\/p>\n<p>In his recent tweet he suggested that the U.S. dollar is losing its value and it might become like the Zimbabwe dollar.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Where are we with dollar value destruction, you might ask? <a href=\"https:\/\/t.co\/0LD8OggFqu\">pic.twitter.com\/0LD8OggFqu<\/a><\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1815451522748010786?ref_src=twsrc%5Etfw\">July 22, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He is not the only one that thinks America is on a downward spiral &#8211; other CEOs, economists and financial experts share his opinion. &#8220;Rich Dad, Poor Dad&#8221; author Robert Kiyosaki has been stating for quite some time, that the american economy will inevitably crash and people should seek safe-haven assets such as <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a> <\/strong>and gold.<\/p>\n<p>The Federal Reserve&#8217;s policy to wait for the appropriate time to cut down rates is also hurting the economy.<\/p>\n<p>Although such predictions of a nationwide and even global crisis seem extreme to some point, they are probable, especially if the U.S. continues amassing this huge debt and doesn&#8217;t come up with a way to tackle these economic challenges &#8211; and soon.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The United States has its fair share of challenges &#8211; from the drastically increasing debt, to the real estate crisis.<\/p>\n","protected":false},"author":3,"featured_media":82708,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[60,22],"tags":[],"class_list":["post-133714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - 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