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The
Central Bank Illusion Is Falling Apart, Kim Dotcom Warns Of A Crash
Controversial
internet entrepreneur Kim Dotcom has called for the ditching of the
US dollar, which, he says, is doomed to depreciation, and investing
into gold and cryptocurrencies.
The
huge US debt will destroy the American economy and lead to a global
economic collapse, which is just around the corner, the founder of
the now defunct Hong Kong-based online company Megaupload tweeted on
Sunday.
Dotcom
had previously said that the US debt burden has become unmanageable
with the government increasing the already huge figure by a trillion
dollars annually, and will never be paid.
“The
average unfunded liability in the US is now at $938,000 per taxpayer.
Anyone who thinks US debt can be solved with economic growth, new
debt or printing more dollars is an idiot. US Empire will
default,” he
tweeted
.
In
his previous tweets Dotcom cited Russia’s finance minister saying
that the country had reduced its investment in US assets, and
considered the US dollar a “risky tool for payments.” The
businessman urged people to watch the greenback when China starts
dumping its holdings of the US Treasury securities.
Kim
Dotcom says dump 'worthless' dollar in favor of gold & crypto as
US debt spirals out of control
The
German-Finnish entrepreneur is currently living in New Zealand under
residency permission. US authorities are currently seeking to
extradite Kim Dotcom to the US on fraud charges related to
Megaupload. Dotcom rejects all of the accusations.
Last month, the New
Zealand Court of Appeals upheld the lower court's earlier ruling to
hand Dotcom over to US authorities. Kim’s lawyer is planning to
appeal the decision to the country's Supreme Court.
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