With the help of Biden (alias Obama, close friends of George) and his spending and printing money like a drunken sailor devaluing the dollar and inflation, causing currency crisis’s throughout the World……
We aren’t the only currency crisis
ASIA:
Local governments in China are facing a debt crisis, with direct debt exceeding 120% of revenue, which is more than what Beijing has unofficially said is an acceptable debt level. The country’s explicit local government debt nearly doubled over five years to the equivalent of $5.14 trillion last year, and there are rapidly growing categories of related debt such as local government financing vehicles. The Chinese government has prioritized reducing financial risks, including in the real estate and local government debt sectors. In its annual government work report, the government dedicated an entire section to preventing and defusing major risks in these areas and called for preventing new debt build-up while reducing existing debt.