IMF Sounds Alarm on US Debt

 Oh yes!  The global economy is sitting right on the edge of the abyss.  And when the US Dollar, backed only by faith and confidence in the US Government, starts to crash it will rattle the financial world of every nation on earth.  This will make everyone terrified and feeling very vulnerable.  They will accept anyone who has a plan that sounds good and that makes them feel safe.  It will be a new financial system that is cashless, ties a major part of the world together and eventually will require a mark on your right hand or forehead in order to access it.

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April 16 (UPI) -- The International Monetary Fund warned the United States on Tuesday that the government's rampant spending and growing national debt is not sustainable and could threaten the global economy.

"Something will have to give," the Washington-based nonpartisan financial agency of the United Nations warned, despite signs of economic growth.

In its latest World Economic Outlook, published twice a year, the IMF warned Tuesday that the U.S. national debt and fiscal deficit threaten to send sky-high inflation levels even higher.

The IMF said the U.S. federal budget deficit grew from $1.4 trillion in fiscal 2022 to $1.7 trillion last year. The debt, which surpassed $34 trillion, is on track to exceed $45.7 trillion within a decade, according to projections by the Congressional Budget Office.

https://finance.yahoo.com/news/imf-sounds-alarm-u-debt-020001330.html