Matthew Loutner
Capitol News Network
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Comments by "Matthew Loutner" (@Matthew_Loutner) on "BRICS Stuns the U.S. with New Payment System Launch: Trump MELTS DOWN as U.S. Dollar in CHAOS" video.
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@truxton1000 Canada is going into deep recession over their tariffs, UK is crushed due to Brexit, Germany is in trouble because their manufactung is facing double LNG prices, Russia's economy is way down, Japan is in stagnation.
China's economy has been deflating for 3 years. They never recovered from covid, their massive real estate balloon is punctured, all of the factories in China have been offshoring to neighboring countries since the 2018 Trump tariffs. China has been drawing down their treasures since the 2008 crash and using the money to prop up the yuan. They CBOC was forced to relax banking reserves, and Chinese banks are running with 3 to 4% reserves on hand.
Africa is broke and having rolling blackouts due to government mismanagement of their economy.
America is the number one trading partner of China, India, Canada, Mexico, Korea, European and other countries. When the United States goes into recession, everybody does.
The United States is implementing retaliatory tariffs on all of those countries. All of those countries are implementing retaliatory tariffs back onto the United States.
Consumers cannot pay that. All trading is going to stop. The world economy is going to collapse, just like during covid. But there will be no way out.
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