UK Gov’t Issues Dire Warning: ‘Vaccinated Youth Are Dying in Unprecedented Numbers’
The UK government has warned that vaccinated young people are dying in unprecedented numbers since the mRNA COVID jab rollout. According to the UK Government’s Office for National Statistics (ONS), 18 to 39 year olds […]
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UK Museum Declares British Monarch Was ‘Person of Colour’
A London museum has come under fire after it was caught teaching vicitors that the wife of King George III was a black woman. A special ‘LGBTQ audio guide’ issued to visitors of the museum […]
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Senior Obama and Hillary Aide, Who ‘Debunked Pizzagate’, Arrested for Raping Children
A senior advisor to Barack Obama and Hillary Clinton, who boasted that Pizzagate was “fake news”, has been charged with a slew of child rape offences in the UK. According to reports, Rahamim Shy, a […]
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BREAKING: Marjorie Taylor Greene Says Democrats Want To Kill Trump
Congresswoman Marjorie Taylor Greene (R-Ga.) joins Alex Jones to discuss the treasonous actions of Congress giving Ukraine and Israel $95+ billion while America collapses.
‘Something Will Have To Give’: IMF Issues Dire Warning to Biden Admin Over Soaring Debt
The International Monetary Fund (IMF) warned that the Biden administration’s rampant spending and the soaring U.S. debt pose “significant risks” to the global economy and threaten to continue more high inflation.
“The exceptional recent performance of the United States is certainly impressive and a major driver of global growth, but it reflects strong demand factors as well, including a fiscal stance that is out of line with long-term fiscal sustainability,” the IMF wrote in its latest World Economic Outlook last Tuesday.
“This raises short-term risks to the disinflation process, as well as longer-term fiscal and financial stability risks for the global economy since it risks pushing up global funding costs,” it continued. “Something will have to give.”
The Washington-based UN institution went on to say that the U.S. is on track to record a fiscal deficit of 7.1% in 2025 – more than triple the level in other advanced economies.
Vitor Gaspar, director of the IMF’s fiscal affairs department, likewise criticized America’s “loose fiscal policy.”
“Loose fiscal policy in the United States exerts upward pressure on global interest rates and the dollar. It pushes up funding costs in the rest of the world, thereby exacerbating existing fragilities and risks,” he said.
“This calls for a cautious and gradual approach to easing by the Federal Reserve,” he added.
But the Biden regime is showing no signs of heeding the IMF’s warning.
The Biden administration last month proposed a gargantuan $7.3 trillion budget for fiscal year 2025, the New York Post reported.
If approved, the Office of Management and Budget (OMB) estimates the national debt would surge to $45.1 trillion — or 105.6% of Gross Domestic Product (GDP) — by 2034 under the plan.
Additionally, just days after the IMF’s warning was published, the House of Representatives, led by Democrats and RINOs, passed a $95 billion foreign aid spending package for Ukraine and Israel.
Meanwhile, the latest Consumer Price Index (CPI) report revealed inflation remained elevated last month at 3.8%, prompting Federal Reserve Chairman Jerome Powell to announce last week that it will likely delay expected rate cuts until data shows inflation moving back down.
The IMF sounding the alarm about Biden’s reckless spending is a major signal the government should immediately take steps to reduce the $34 trillion national debt.
But that won’t happen as long as the Uniparty is in charge.
UK Insurers Refuse To Pay Nord Stream Because Attack Was ‘Inside Job’ by Gov’t
A legal team representing insurers Lloyd’s and Arch says that since evidence has emerged that the Nord Stream attack was an “inside job by the government,” they have no responsibility to pay for damages to […]
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