SHORT-TERM DEFAULT? 6 States REPLACE the Dollar with GOLD, 112 Nations DE-DOLLARIZE.｜AsianQuicktake

As the negotiations between the White House and the US Congress regarding the debt ceiling increase reached a stalemate, the dispute over the US debt ceiling remains unresolved. According to reports, negotiators from the House abruptly left the talks, accusing the White House of being unreasonable and announcing a “pause“ in negotiations. White House spokesperson Karine Jean-Pierre stated that there are still disagreements between the two sides on these issues. House Speaker McCarthy emphasized that they would not approve an increase in the federal government’s borrowing limit without a significant reduction in spending. He underscored the need to make progress in changing the trajectory of US government deficit spending and debt growth, stating that “we have to spend less than we did the previous year.“ The last time the US came close to default was in 2011, which, although ultimately avoided, resulted in the country’s highest credit rating being downgraded to AA for the first time and triggered a stock sell-off on Wall Street. The current impasse in the US debt ceiling negotiations has caused panic on Wall Street, leading to a collective decline in the three major US stock indices. However, the downward trend in the US stock market was reversed after Federal Reserve Chair Powell signaled a dovish stance, hinting at a possible pause in interest rate hikes. Powell pointed out that the pressures on the US banking industry could impact the Federal Reserve’s rate decisions. If a banking crisis leads to a tightening of credit conditions and an economic slowdown, the Federal Reserve may refrain from further raising interest rates. In other words, against the backdrop of an ongoing banking crisis in the United States, the Federal Reserve might pause interest rate hikes, despite the consumer price index not yet reaching the 2% inflation target but standing at 4.9%. This suggests that the banking crisis in the US may be more severe than anticipated. 💯TOP 3 Video Swiss Sells $36.4 billion U.S. Treasuries ▶ Africa Rejects US’ Blank Check ▶ China to Accelerate Dumping of Up to $800bn U.S. Debt ▶ ━━━━━━━━━━━━━━━━━━━━━ ✅ COPYRIGHT DISCLAIMER Asian Quicktake Doesn’t Fully Own Some of the Materials Compiled in Its Videos. It Belongs to People or Organizations Who Ought to Be Respected. If Used, It Falls Under the Following Provisions: Copyright Disclaimer Section 107 of the Copyright Act 1976. “Fair Use“ is Allowed for Purposes Such As Criticism, Comment, News Reporting, Teaching, Scholarships, and Research. ━━━━━━━━━━━━━━━━━━━━━ ✅ If You Are the Owner of the Materials Used in This Video, Let us Know in the Comments or Send a Email to me. We Will Follow Your Request Immediately. ━━━━━━━━━━━━━━━━━━━━━ ✅ FINANCIAL DISCLAIMER This Channel’s Content Should Not Be Interpreted or Construed As Financial Advice. We Are Not, and Do Not Claim to Be, an Attorney, Accountant, or Financial Advisor. This Channel’s Content is Not a Substitute for Financial Advice and is Solely for Entertainment Purposes.