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Kim Dotcom breaks down the US economy and says that the US government's spending and debt have gotten out of hand

Kim Dotcom, a digital business owner, went on Twitter on Sunday to talk about a major global collapse. Dotcom hasn't been very optimistic about the world economy lately, and the Twitter thread he posted this weekend goes into more detail about what he thinks. In the thread, Dotcom talks about what he thinks the global elite are planning and breaks down the economy of the United States.

"The U.S. hasn't had a balanced budget or a budget surplus since 2001," Dotcom wrote. "In the past 50 years, the U.S. has only made money [four] times. In fact, even if the U.S. made a lot of money, it wouldn't be enough to cover the current deficit for [six] months. How did the United States pay for things? Spending and debt in the U.S. have gotten out of hand, and the government can only get the money it needs by printing it. Dotcom went on while sharing a picture of the Fed's M1 money supply chart:

"That makes prices go up. It's like getting a bigger tax bill because you have to pay more for the things you need and the value of everything you own goes down."

"Mass Poverty and a New System of Control" is what Dotcom warns us about

The former CEO of the file-hosting service Megaupload, which is no longer in business, is not the only one predicting rough times ahead. Tesla CEO Elon Musk said he has a "super bad feeling" about the U.S. economy, and JPMorgan CEO Jamie Dimon recently warned that an economic hurricane could be coming. Gerald Celente, who predicts future trends, recently said that a recession is more likely to happen if the war in Europe goes on.

Peter Schiff, a fan of gold and an economist, has warned his followers that the U.S. economic downturn "will be much worse than the 'Great Recession.'" Dotcom, a digital entrepreneur, has similar ideas. In the thread, he breaks down the U.S.'s debt and the Fed's monetary expansion to show that the country is broke.

Dotcom said that the U.S. has been able to go bankrupt for so long because the U.S. dollar is the world's reserve currency. "USD is a safe asset for every country," Dotcom said. "So when the U.S. government prints trillions, it steals from Americans and the rest of the world. The biggest robbery ever."

He also said that the problem has been going on for decades and will lead to "mass poverty and a new system of control" in the end. Dotcom kept doing the math on America's unfunded liabilities and the total value of the country's assets to show that "this isn't just doom and gloom talk."

Dotcom said that the U.S. would still be broke even if it sold all of its assets at the current market prices. He said, "The U.S. is more than broke. This patient is already dead. This patient is now a zombie." Dotcom wrote about why he thinks reality won't change and a "collapse is inevitable and coming" after he talked about how broke he thinks the country is right now. After that, Dotcom talked about the "Great Reset" theory, which is a subject that Bitcoin.com News has talked about in great detail.

Dotcom said, "You may have heard of the 'Great Reset' or the 'New World Order.'" "Is it a controlled destruction of the global markets, economies, and the world as we know it? A change to a new dystopian future in which the elites own the slaves and democracy is just for show?" Dotcom ends his Twitter thread with these words:

"Without a controlled destruction, the world will fall apart for everyone, even the most powerful people. The world has changed so much that nothing makes sense anymore. Corruption is out in the open, the media is clear propaganda, and our rights are being taken away. What's the point?"

Mainstream media has called the "Great Reset" a "conspiracy theory" because some people think it is a plot to set up a totalitarian one-world government, also called the "New World Order." People think that Covid-19, the Ukraine-Russia war, climate change, and many other global problems are being used to create a new dystopian future. Others think that the "Great Reset" is real and, despite the theories, is the way to a long-term recovery from things like Covid-19 and what environmental activists call a "climate change crisis."

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