“Despite America’s leadership stubbornly ignoring rising inflation and printing more and more money to solve its economic problems, this policy cannot continue indefinitely.”
Publika.azAccording to the information, this was said by the well-known Russian economist Valentin Katasonov.
According to him, over the past year and a half, the excess money created by the US Federal Reserve System will rapidly inflate the capitalization of companies in the stock market. However, in recent months, the capabilities of this field have begun to be insufficient to sterilize the excess liquidity volume released by the country’s leadership to the economy.
The expert believes that new signs of the impending financial disaster are shortages in American stores and rising prices of consumer goods. As a result, it could end up with citizens withdrawing their money en masse from their bank accounts and spending all their funds to avoid waiting for inflation to depreciate them.
In this regard, the analyst did not rule out a “bank raid”, when people are expected to start withdrawing all their savings from financial institutions. For the American authorities, this will be a disaster, because panic among the population will certainly lead to a domino effect.
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