Dollar bomb can burst any time

The scale of money being printed in the United States has become unprecedented; the government is spending more money than ever before. It is being said that more than 60 cents out of every dollar the government spends is printed. The US Federal Reserve is printing more money than the government is collecting in taxes.

Critics are challenging the myth that the US economy was strong before Covid-19. They say it wasn’t strong at all; it was the weakest it has ever been. It was the biggest bubble that has ever existed, that’s the reason economy imploded after Covid-19 pandemic. The air has started leaking in the fourth quarter of 2018 and the dollar is being wiped out now.

It is being said openly that everything the US government did in the aftermath of the 2008 financial crisis was imprudent. Its monetary as well as fiscal policies were faulty. As a consequence, the US economy never recovered from the crisis, which was caused by the Fed and the government.

The US is about to experience inflation on an unprecedented scale. The cost of living is going to skyrocket and it’s going to happen very quickly, but people are not going to see this.

More people will be blindsided by the dollar crisis than by the financial crisis. The dollar crisis will be much worse than the financial crisis. When the dollar crisis happens, printing dollars will not help because nobody wants them.

Analysts warn that there will be a sovereign debt crisis. The dollar will fall through the floor and inflation is going to ravish the US. If this happens the world will go off the dollar standard and go back to the gold standard, it has already started happening.

The entire US economy is built on the perception that the dollar is the world’s reserve currency. Once the dollar become just like any another currency, it will be the end of the game for US. The fear is growing that the dollar may collapse any day. That is the reason individuals, corporate and governments are buying gold to hedge the financial risk.

The world response to UAE - Israel agreement

The United Arab Emirates (UAE) has become the first Persian Gulf Arab country to reach a deal on normalizing relations with Israel. It is also the third Arab nation to reach such a deal with Israel, after Jordan and Egypt. The "Abraham Agreement", was made public by United States President Donald Trump on Thursday, securing an Israeli commitment to halt further annexation of Palestinian lands in the occupied West Bank.

However, addressing reporters later in Tel Aviv, Israeli Prime Minister Benjamin Netanyahu said he agreed to "delay" the annexation as part of the deal with the UAE, but the plans remain "on the table". It is necessary to see how other nations and the various stakeholders in the Israeli-Palestinian conflict reacted to the Israel-UAE deal. The UAE's minister of state for foreign affairs, Anwar Gargash, defended the deal. Abu Dhabi Crown Prince's Mohammed bin Zayed decision to normalize ties with Israel reflected badly needed realism.

"While the peace decision remains basically a Palestinian-Israeli one, the bold initiative of Sheikh Mohammed bin Zayed has allowed, by banishing the specter of annexing Palestinian lands, more time for peace opportunities through the two-state solution," Gargash said in a series of tweets. "Developing normal ties in return for this is a realistic approach forwarded by the Emirates," he said. "The successful decision is to take and give. This has been achieved."

In a statement, Democratic United States presidential candidate Joe Biden said, "The UAE's offer to publicly recognize the State of Israel is a welcome, brave, and badly-needed act of statesmanship ...  A Biden-Harris Administration will seek to build on this progress, and will challenge all the nations of the region to keep pace." Biden also said, "Annexation would be a body blow to the cause of peace, which is why I oppose it now and would oppose it as president," he said.

United Kingdom Prime Minister Boris Johnson praised the agreement between Israel and the UAE. He said, "The UAE and Israel's decision to normalize relations is hugely good news."  "It was my profound hope that annexation did not go ahead in the West Bank and today's agreement to suspend those plans is a welcome step on the road to a more peaceful West of Asia."

The Persian Gulf state of Bahrain welcomed the accord between the UAE and Israel. The small island state of Bahrain is a close ally of Saudi Arabia, which has not yet commented on the agreement.

Egyptian President Abdel Fattah el-Sisi, a close ally of the UAE, welcomed the agreement. "I followed with interest and appreciation the joint statement between the United States, United Arab Emirates, and Israel to halt the Israeli annexation of Palestinian lands and taking steps to bring peace in the West of Asia," said Sisi.

Jordan said that the UAE-Israel deal could push forward stalled peace negotiations if it succeeds in prodding Israel to accept a Palestinian state on land that Israel had occupied in the 1967 Arab-Israeli War.

"If Israel dealt with it as an incentive to end occupation ... it will move the region towards a just peace," said Jordan's Foreign Minister Ayman Safadi. Israel's failure to do this would only deepen the decades-long Arab-Israeli conflict and threaten the security of the region as a whole. The agreement must be followed by Israel ending any unilateral moves to annex territory in the occupied West Bank that that obstruct peace prospects and violate Palestinian rights.

In a statement issued by his spokesman, Palestinian President Mahmoud Abbas denounced the accord, saying the Palestinian leadership rejects and denounces the UAE, Israeli and US trilateral, surprising announcement. He also termed the deal a "betrayal of Jerusalem, Al-Aqsa, and the Palestinian cause."

Hamas rejected the US-brokered deal establishing formal ties between Israel and the UAE saying it did not serve the cause of the Palestinians. This agreement encourages the occupation by Israel to continue its denial of the rights of Palestinian people, and even to continue its crimes against our people.

Oman said it backed the normalization of ties between the neighboring United Arab Emirates and Israel and hoped the move would help achieve a lasting West of Asia peace.  A foreign ministry spokesman expressed the sultanate's "support for the UAE's decision regarding relations with Israel", according to a statement on Oman's official news agency.