How President Trump’s Victory Brings Hope and Highlights the National Debt Crisis
PatriotR Daily News 11/07/24

ECONOMIC NEW
How President Trump’s Victory Brings Hope and Highlights the National Debt Crisis
The article delves into the pressing economic challenge facing the U.S. with a $35 trillion national debt, even as optimism rises with President Trump's return to office. It notes that since his last term, the debt has ballooned by $8 trillion, underscoring the complex economic hurdles he faces. While Trump's business experience brings hope, the article argues that the most realistic approach to managing the debt may involve allowing inflation to reduce its real value, a politically feasible strategy though challenging for the economy.
Given this backdrop, the article advocates for financial protection, suggesting that diversifying wealth with 10-15% in physical gold acts as a hedge against potential inflationary pressures. It compares this strategy to a safety net like car insurance—essential not due to doubt but for preparedness. Readers are encouraged to explore the strategic importance of investing in gold as a way to secure their financial future amid economic uncertainty.
For a deeper dive into these strategies and perspectives on wealth preservation during turbulent economic times, read the full article.
Since Donald Trump was elected, how do you feel about inflation in the U.S.? |
FINANCIAL NEWS
BRICS Rising: The Push for De-Dollarization and Its Global Impact
There’s a shifting dynamics of global financial power, highlighting how President-elect Joe Biden’s past remarks dismissing alliances among Russia, China, and Iran may have underestimated the motivations driving these nations. Today, resentment against U.S. dominance and sanctions is prompting countries, including BRICS+ members, to seek alternatives to the U.S.-led financial order through de-dollarization.
At the recent BRICS+ summit, Vladimir Putin emphasized initiatives such as BRICS Pay to reduce dependence on the dollar in global trade. This movement reflects a broader effort to reform a system seen as favoring Western powers, fueled by grievances over unilateral sanctions and economic coercion. The narrative delves into how sanctions, historical grievances, and resentment are propelling this shift, raising important questions about the emergence of a multipolar financial system.
To better understand the potential impact on global economic stability, U.S. influence, and shifts in international trade, read the full piece.
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