At a time when the global debt reached a record high of 315 trillion dollars, the United States’ share of this debt was 35 trillion dollars, or approximately 11% of the global debt, while the US debt service increased, which exceeded the defense budget amounted to 915 billion dollars. At a time when the US economy is suffering from a slowdown in growth and the fear of entering into a recession, and the current government headed by Biden has failed to implement 40% of the major projects as his presidency approaches the end, which recorded an increase in the budget deficit last July amounting to $244 billion.
اضافة اعلان
The United States has followed a foreign policy that does not serve its economy by supporting the Russian-Ukrainian war and the Gaza war, on which it spent nearly 200 billion dollar,at a time when US taxpayers were suffering from inflation and price increases.
What made matters more complicated is that there is another pole( BRICS) which is preparing to deal a painful blow to the US economy at its next meeting, and which has begun to dich the dollar in commercial transactions between its member states, headed by Russia and China, and that there are in total 45 countries that have registered to join or wish to enter the BRICS group. At a time when Russia is recording a growth rate in the second quarter of this year amounting to 4%, and China has flooded the world with goods, especially electric cars, and the banks, under the guidance of the Chinese government, extended lending for emissions until 2027, which means more production of electric cars with advanced technology and at affordable prices, that any Western company cannot compete with it.
The United States is still drowning in debt, while it is following the method of military escalation in the Middle East region by supporting Israel in the Gaza war by sending a nuclear submarine and an aircraft carrier, to ignite a regional war that will affect the global economy in general and the US economy in particular at a high price. It will be an additional bill on the taxpayers of the US people, and one of the most important damages is the rise in the price of a barrel of oil ,which will reach $150 per barrel, and the cost in logistical and military financing for this war.
Yesterday, the United States agreed to an arms deal for Israel worth $20 billion,and this war will also lead to the interruption of the supply of oil exports to the world, which controls 31% of the global share, in addition to
dragging the allies of the United States into a regional war in which there is no winner or loser, interrupting supply chains and logistical transport in the region, and preventing the passage of global trade between East and West, and also there will be a huge human and material losses estimated at hundreds of billions of dollars.
It is in the best interest of the United States not to be drawn into this war in order to support its ally, Israel, to achieve the interests of individuals who want to achieve political gains in upcoming elections, whether in Israel or in the United States.
Strategic and Economic Expert and Analyst.
Engineer Mohannad Abbas Haddadin.
.jpg)
.jpg)
