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America Braces For Hyperinflation Catastrophe Under China's BIG Move

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Sources:
1. https://www.whitehouse.gov/briefing-room/statements-releases/2023/03/31/statement-from-president-joe-biden-on-february-pce-report/
2. https://www.cnbc.com/2023/03/31/fed-inflation-gauge-february-2023-.html
3. https://layoffs.fyi
4. https://thedeepdive.ca/auto-loan-delinquencies-rejections-push-at-record-high/
5. https://www.wuga.org/local-news/2023-03-29/study-americans-racking-up-record-credit-card-debt
6. https://news.bitcoin.com/china-makes-advances-in-ditching-the-us-dollar-for-settlements-inks-deal-with-brazil-and-completes-first-yuan-lng-purchase/
7. https://www.blackrock.com/corporate/investor-relations/larry-fink-ceo-letter
8.https://www.whitehouse.gov/build-back-better/

America is currently bracing for a hyperinflation catastrophe. Initially it does not seem that was as we are raising interest rates and combating inflation however what happens when we see more bank failures and mass unemployment? What happens when we bring jobs back to America and shield ourself from cheap and inexpensive goods in places like India, China and other locations?

The cost of living in America is set to soar and as that happens, there will be a universal basic income or some form of subsidy to handle the economic collapse.

#economy #recession #dollar
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