Petrodollar further analysis

Zenaan Harkness zen at freedbms.net
Thu Feb 25 01:14:15 PST 2016


Further, and not primarily due to any external factors (i.e. it's all
of the USGov/ Federal Reserve/ private banking mafia system's
creation) is the US dollar going to completely fail by no later than
2023, when tax receipts will no longer be able to fund interest
payments, and likely this will occur much sooner, unlikely any later
than 2020, since as confidence in the stability of the US drops,
interest rates will have to rise to satisfy those purchasing USGov
debt instruments notwithstanding the ongoing funny money Quantitative
Easing.

http://www.counterpunch.org/2016/02/19/the-us-economy-has-not-recovered-and-will-not-recover/

USGov will have ~$20 trillion debt by January 2017:
http://dailycaller.com/2013/01/01/senate-cliff-deal-would-push-debt-to-20-trillion-by-2017/

Historical 1940-2014 and -2020 projected, US receipts and outlays:
http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=200

No matter which side we view things from, that USD is evidently on its
last legs.



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