Bitcoin News

Kim Dotcom Says ‘US Is Beyond Bankrupt,’ Digital Entrepreneur Predicts a ‘Controlled Demolition of Global Markets’ – Economics Bitcoin News

Kim Dotcom Says 'US Is Beyond Bankrupt,' Digital Entrepreneur Predicts a 'Controlled Demolition of Global Markets'

On June 5, 2022, the entrepreneur and activist known as Kim Dotcom published a post on Twitter and said it “may be the most important thread” he ever makes concerning a major global collapse. In the thread, Dotcom specifically highlights the American economy and he claims the “U.S. is beyond bankrupt.” Dotcom also talked about the “Great Reset” topic and how a “New World Order” aims to “shift into a new dystopian future where the elites are the masters of the slaves without the cosmetics of democracy.”

Kim Dotcom Dissects the American Economy, Says US Government ‘Spending and Debt Have Spiraled Out of Control’

On Sunday, the digital entrepreneur Kim Dotcom took to Twitter in order to discuss a major global collapse. In recent times, Dotcom has not been very optimistic about the global economy and in the Twitter thread he published this weekend, those beliefs are further described. In the thread, Dotcom explains what he believes is being planned by the global elite and he specifically dissects the U.S. economy.

“The United States did not have a surplus or a balanced budget since 2001,” Dotcom wrote. “In the last 50 years, the U.S. only had [four] years of profit. In fact, all the profit the U.S. had would not be enough to pay for [six] months of the current yearly deficit. So how did the U.S. pay for things? U.S. spending and debt have spiraled out of control and the [government] can only raise the money it needs by printing it.” While sharing an image of the Fed’s M1 money supply chart, Dotcom continued:

That causes inflation. It’s like taxing you extra because you pay more for the things you need and all your assets decline in value.

Dotcom Warns About ‘Mass Poverty and a New System of Control’

The former CEO of the now-defunct file hosting service Megaupload, is not the only one predicting rough times ahead, as Tesla’s Elon Musk said he has a “super bad feeling” about the U.S. economy, and JPMorgan CEO…

Click Here to Read the Full Original Article at Bitcoin News…