Vladimir Zhrinovsky may be the maverick ultra nationalist of Russia in recent times, but he was credited with the prediction of Russian ingression to Ukraine in February. He just fell short of only two days. He gave the date as February 22; Russians marched on February 24. Another prophesy by Zhrinovsky was far too stunning: “America would fall in the year 2024”.
Considered to be the foremost bastion of Russian brand of ultra-nationalism Zhrinovsky would not hesitate taking cudgels against Putin or using aggressive tactics in brushing off fellow members of Duma where he held sway for the last three decades. He breathed his last on April 6, 2022 and before that he made a prediction that stunned Russia as well as the rest of the world. Donning the robe of a soothsayer he foretold the fall of USA to eventuate in 2024.
Being a maverick, or a passionate Russian believing in Russia being a superpower in the pat and in the future, he may be faulted to have prejudicial view on America. But the sheer notion that 2024 is zero year for USA merits assaying the fault lines within America. Truly enough, America cannot be defeated militarily or diplomatically. But never forget what Clinton said “It is economics that is stupid”. Here is my strategy analysis of the soothsaying after distilling into the American financial state that is failing at its seams.
US public debt is a staggering figure of 30 Trillion US$. This goes tangent with the citizens of America as well. Household debt is almost half of the public debt at 15 Trillion US$. As a point of fact, America is running at break-neck speed where printing machine spewing out volumes of fiat money. Currency in circulation in 1917 was 3.71400 Trillion US$, which rocketed to 2,233. 62100 Trillion US$ at the time of writing. The addition of 2,230 Trillion UD$ cannot be supported by the GDP of 19.5 Trillion US$, recorded in 2022. The critical element is out of the GDP only 2.34 Trillion, that is to say, 12% is sourced from exports of goods & services.
The derivation is very simple: US Dollar dominance in the international trade is the only fuel that powers America. Progressively the role of US Dollar as a medium of exchange, store of value and means of deferred payment is expected to erode as against the challenge posed by new entrants Yuan and now the rejuvenated Ruble, Predictably, US currency would depreciate heavily against the new currencies both from China & Russia.
When the bubble bursts, US Dollar would outperform even the Tulip Mania as the intrinsic value of the currency would be far less than the nominal value printed on it.
Cheers!
Muthu
Ashraff Rajulu
Business Strategist
Mobile: + 94 777 265677
E-mail: cosmicgems@gmail.com
Blog: Business Strategist
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