“Although America’s leadership stubbornly ignores rising inflation and prints more and more money to solve its economic problems, this policy cannot continue indefinitely.”
Publika.az it is reported that 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 expand the capitalization of companies in the stock market.
“However, in recent months, the capabilities of this sector have become insufficient to sterilize the excess liquidity that the country’s leadership has released into the economy. New signs of the approaching financial disaster are shortages in American stores and the increase in prices of consumer goods. As a result, it may all end with citizens withdrawing their money en masse. they will start withdrawing from their bank accounts and spend all their money so as not to wait until inflation makes them cheaper,” the expert said.
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.
“It will be a disaster for the American authorities, because panic among the population will certainly lead to a domino effect.”
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