{"id":36447,"date":"2025-01-07T07:00:51","date_gmt":"2025-01-07T14:00:51","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=36447"},"modified":"2025-01-07T09:35:14","modified_gmt":"2025-01-07T16:35:14","slug":"deficit-explodes-while-they-push-the-booming-economy-myth","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/deficit-explodes-while-they-push-the-booming-economy-myth\/","title":{"rendered":"DEFICIT EXPLODES While They Push the \u2018Booming Economy\u2019 Myth"},"content":{"rendered":"

The U.S. deficit has surged to unprecedented levels, despite claims that the economy is thriving. This video breaks down the alarming trends in government spending, national debt, and the dollar\u2019s declining global status. Learn why this unsustainable trajectory is leading toward a currency reset and what steps you can take today to protect your wealth and secure your financial future.<\/h2>\n

Chapters<\/strong><\/h3>\n

00:00 Are We Already in an Economic Crisis?
\n00:38 The U.S. Deficit: 2024 vs. 50-Year Average
\n01:13 Hidden Crisis: Spending to Cover Up the Truth
\n02:18 The Alarming Cost of Interest on Debt
\n03:31 What Happens in the Next Crisis?
\n04:45 The Dollar\u2019s Declining Global Reserve Status
\n06:24 Hyperinflation and the Currency Reset<\/p>\n

Transcript<\/strong><\/h3>\n

00:00 – 00:38<\/strong>
\nIf we are not being lied to\u2014if we’re truly not in an economic crisis\u2014then why are we spending like we’re in one? Look at this chart with me because we\u2019re going to dig into exactly what is going on and, more importantly, what is coming next. This chart shows the U.S. deficit as a percentage of GDP in years where unemployment was under 6%. For 2024, that percentage is 6.7%.<\/p>\n

00:38 – 01:13<\/strong>
\nOver the past 50 years, significant deficit spending averaged 2.4%. Yet in 2024, the deficit has tripled that average, even though we are told the economy is robust, unemployment is low, and everything is fine. Something isn\u2019t adding up. Why are we spending as if we\u2019re in a crisis? Could it be that we\u2019re already in one?<\/p>\n

01:13 – 02:18<\/strong>
\nIf we look at 2021, the numbers align with the messaging\u2014we were told we\u2019d spend a lot of money we didn\u2019t have to keep the economy afloat. But in 2024, the same level of spending is occurring, despite assurances that the economy is fine. The 10-year projection for the deficit is 6.3% annually. Does this look sustainable to you? It is extremely concerning because this shows we are covering up a crisis that cannot continue for much longer.<\/p>\n

02:18 – 03:31<\/strong>
\nOn usdebtclock.org, we see that $1 trillion was spent on interest on debt in the last year alone. That\u2019s more than the entire defense budget and two-thirds of Social Security and Medicare spending. This is why people are scared about retirement and the future\u2014resources meant for Americans are being consumed by interest payments on debt.<\/p>\n

03:31 – 04:45<\/strong>
\nFederal spending is over $7 trillion, yet tax revenue is just $5 trillion, creating a $2 trillion deficit. This adds to the national debt, devaluing the dollar further. What happens if a crisis like a commercial real estate collapse, banking liquidity crisis, or Petro-dollar collapse occurs? We\u2019ll see unemployment rise, tax revenue fall, and spending increase. The deficit will spiral out of control.<\/p>\n

04:45 – 06:24<\/strong>
\nThe U.S. is projected to double its national debt in just eight years, reaching $40 trillion. This reckless spending is unsustainable, and our ability to do so relies on the dollar\u2019s status as the global reserve currency. But that status is eroding. Countries are moving away from the dollar, as shown by the IMF: U.S. dollar reserves have dropped from 72% in 2000 to just 55% in 2023.<\/p>\n

06:24 – 08:50<\/strong>
\nThis trend is accelerating. Countries distrust the dollar due to U.S. overspending and the weaponization of the currency. This isn\u2019t a single event; it\u2019s a process leading to a currency reset. Every day, inflation eats away at the dollar\u2019s value. Hyperinflation looms, culminating in a devaluation or reset of the dollar that leaves Americans holding worthless currency.<\/p>\n

08:50 – 11:11<\/strong>
\nThe longer you wait to act, the less purchasing power your dollars have. This is why I\u2019ve chosen to protect myself with physical gold and silver, assets that have stood the test of time. Unlike fiat currency, they are a safe store of value, especially in times of financial uncertainty.<\/p>\n

11:11 – 12:16<\/strong>
\nIf you\u2019re concerned about reckless government spending, inflation, and the possibility of a currency reset, we can help you prepare. Call us or click the link below to learn how our team can protect your financial future. I can personally attest to the peace of mind that comes from knowing my wealth is safeguarded outside of the system.<\/p>\n

SOURCES:
\nhttps:\/\/x.com\/KobeissiLetter\/status\/1874911037939454170\/photo\/1<\/a>
\nhttps:\/\/www.usdebtclock.org\/<\/a>
\nhttps:\/\/www.imf.org\/en\/Blogs\/Articles\/2024\/06\/11\/dollar-dominance-in-the-international-reserve-system-an-update<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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