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’
Digital entrepreneurs will celebrate Sunday Kim DotcomTo discuss the possibility of a global crisis, Dotcom took to Twitter. Dotcom was recently dissolved. not been very optimisticAbout the global economy. Twitter threadHe published these beliefs this weekend. Dotcom describes what he believes to be being planned by global elites and specifically discusses the U.S. economic situation.
“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]Many years of profits. All the profits the U.S. made would not have been enough to cover the cost of the purchase. [six]Months of the current annual deficit. What is the US’s way of paying for these things? U.S. borrowing and spending has spiraled outofcontrol and are now a major problem. [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:
Inflation is a result. 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 Jamie Dimon recently warned about the possibility of an incoming economic hurricane. Recent research by Gerald Celente, a trend forecaster at JPMorgan, showed that the chances of recession increasing if there is more war in Europe.
Gold bug and economist Peter Schiff has warned his followers that the economic downturn in the United States “will be much worse than the ‘Great Recession.’” The digital entrepreneur Dotcom has similar views and in the thread, he claims the U.S. is bankrupt by breaking down the country’s debt and the Fed’s monetary expansion.
Dotcom stressed that the reason the U.S. has been able to get away with being bankrupt for so long is because the U.S. dollar is the world’s reserve currency. “Nations everywhere hold USD as a secure asset,” Dotcom said. “So when the U.S. [government] prints trillions it’s robbing Americans and the entire world. The biggest theft in history.”
He further added that the problem is it has been going on for decades and in the end, it will lead to “mass poverty and a new system of control.” Dotcom continued to prove that “this isn’t just doom and gloom talk” by doing the math tied to America’s unfunded liabilities and the total value of the country’s assets.
Dotcom stated that the U.S. would be insolvent even if it could sell its entire assets at market rate. “The U.S. is beyond bankrupt — This patient is already dead — This patient is now a zombie,” he opined. Dotcom interviewed him about how poor he feels the country today. wrote about why he thinks reality won’t change and a “collapse is inevitable and coming.” Following that statement, Dotcom spoke about the ‘Great Reset’ theory, a subject covered by Bitcoin.com News in great detail.
“You may have heard about the ‘Great Reset’ or the ‘New World Order,’” Dotcom remarked. “Is it a controlled demolition of the global markets, economies, and the world as we know it? A shift into a new dystopian future where the elites are the masters of the slaves without the cosmetics of democracy?” Dotcom concludes his Twitter thread by stating:
All people, not just the elites, will be affected by a controlled demolition. There has been so much change in this world and it doesn’t make any sense. All the evidence is there of corruption, obvious propaganda media and the erosion our rights. What’s the end game?
The ‘Great Reset’ subject has been called a ‘conspiracy theory’ by mainstream media, as some believe it is a plot to deploy a totalitarian one-world government agenda, often referred to as the ‘New World Order.’ It is believed that specific global crises like Covid-19, the Ukraine-Russia war, climate change, and many other subjects are being used to establish a new dystopian future. Others believe that the while the ‘Great Reset’ is real and despite the theories, it is the path to a sustainable recovery from events like Covid-19 and what environmental activists call a climate change crisis.
What do you think about Kim Dotcom’s opinions about the U.S. economy and the ‘Great Reset’ topic? Please comment below to let us know your thoughts on this topic.
Images CreditShutterstock. Pixabay. Wiki Commons
DisclaimerThis information is provided for educational purposes only. It does not constitute an offer, solicitation, or recommendation of any company, products or services. Bitcoin.com doesn’t offer investment, tax or legal advice. This article does not contain any information, products, or advice that can be used to cause or alleged result in any kind of damage.