US May Default on External Debt as Printing Press is in Overdrive
US May Default on External Debt as Printing Press is in Overdrive
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USA: On Monday, Russian Security Council Secretary Nikolai Petrushev spoke over a video link to a gathering of senior representatives of the Russian Federation and ASEAN member state representatives.

According to Russian Security Council Secretary Nikolai Petrushev, Washington could soon default on its large foreign debt.
As he spoke to a gathering of senior Russian Federation and Association of Southeast Asian Nations (ASEAN) member states via video link on Monday, Petrushev referred to the fact that the US raised $ Has earned a national debt of more than 30 trillion. in borrowing.

According to Petrushev, overdrive printing presses in the US and Europe are directly responsible for currently skyrocketing food and energy prices.

The secretary of the Russian Security Council emphasized that during the COVID-19 pandemic, the country's central bank, the Federal Reserve, has increased the number of new paper bills machine-printed at rates not seen in forty years.

According to Petrushev, the Fed has generated 5.9 trillion USD and Europe 2.9 trillion euros, so the burden of inflation in the West is cynically being transferred to developing countries.

Tension rising in Taiwan 'irresponsible'

Additionally, Nikolai Petrushev commented on the growing hostility between Taiwan and mainland China, which inevitably had an impact on ASEAN member states.

He accused the US of deliberately fanning the flames in the volatile region, saying, "We consider American actions completely irresponsible, aimed at fueling conflict between Beijing and Taipei.

Washington is treating the island as it has received from Ukraine. The broader objective is to hold Beijing accountable for China's alleged unilateral attempt to change the status quo with respect to Taiwan."

The US administration has been condemned by Russia's Security Council secretary for imposing broad anti-Russian sanctions in response to Moscow's special military operation in Ukraine, which dealt a severe blow to the Asian region.

"Geopolitical Expansion"

Petrushev insisted that Washington present itself as the region's sole "defender" in order to hide its desire for geopolitical expansion in Asia. He emphasized that the NATO summit in Madrid on 28-30 June, which approved a new strategic concept for the alliance, provided evidence of this.

Thus, it "allows the Asia-Pacific region to be included in NATO's area of ​​responsibility," Patrushev said.

According to Petroshev, a particular threat to strategic stability is the US involvement in the deployment of missile defense systems in the region. They claimed that an offensive capability was being directed into the area, apparently under the guise of deploying defensive weapons.

Petrushev claims that Washington is preparing to deploy strategic forces closer to the Korean peninsula.

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