There is hope. Between Republican control of both chambers of Congress and President Donald J. Trump reentering the Oval Office in three weeks, it’s not time to panic. But there needs to be real actions taken to not only raise the debt ceiling but to dramatically cut spending. Unfortunately, the latter may not be in the cards.

The United States is on a collision course with a potential default on its national debt, an event poised to significantly undermine its credit rating and unleash economic turmoil across global markets. This looming crisis is centered around the contentious issue of the debt ceiling, sparking widespread concern among investors, policymakers, and international allies.

The federal debt limit, due to be reinstated on January 1, 2025, sets the stage for a critical financial challenge. With the Treasury Department’s extraordinary measures expected to deplete by mid-2025, there’s an urgent call for Congressional action to either raise or suspend the ceiling to avoid default. Treasury Secretary Janet Yellen has highlighted the gravity of the situation, urging lawmakers to protect the full faith and credit of the United States.

A default would not only question the reliability of U.S. Treasuries, traditionally seen as the bedrock of international finance with zero credit risk, but also lead to a potential sell-off of U.S. securities. Such an event could increase borrowing costs globally and might even push the U.S. into a recession, affecting millions of jobs and household wealth.

This is the path through which de-dollarization can ascend. BRICS nations have diligently been working to usurp the U.S. Dollar with their own currencies. Meanwhile, non-BRICS nations who have relied on the U.S. Dollar are seeking cover. This is why alternative forms of value such as cryptocurrency and precious metals are becoming increasingly popular.

Historically, the U.S. has faced similar scenarios, like in 2011 when political brinkmanship led to a downgrade of the U.S. credit rating by Standard & Poor’s. Although the situation was resolved before reaching default, the mere threat caused economic ripples. The implications of a 2025 default could be far more severe, with Moody’s already signaling a negative outlook on U.S. debt amidst rising deficits and interest rates.

The global economy’s reliance on U.S. economic stability means that any default would have far-reaching effects. Countries with economies tied to the U.S. dollar could see their own financial systems destabilized, and the trust in U.S. financial instruments could wane, leading to a reevaluation of global investment and trade strategies.

In response, some experts advocate for structural reforms to manage U.S. debt more sustainably, while others emphasize the need for immediate, bipartisan action in Congress to avert the crisis. The situation underscores the delicate balance between fiscal policy, political will, and economic stability, highlighting the stakes involved not just for America but for the world’s financial landscape.

To those seeking to protect their life’s savings with physical precious metals, request a 2025 Wealth Protection Kit from Genesis Gold Group.

Article generated from corporate media reports.

(Natural News)—In a move that could reshape the global financial landscape, Russia is considering creating a strategic Bitcoin reserve.

The proposal was put forward by State Duma Deputy Anton Tkachev of the opposition New People party. This initiative aims to bolster Russia’s financial stability in the face of an increasingly hostile economic environment, particularly in light of international sanctions.

Tkachev has submitted a proposal to Russian Minister of Finance Anton Siluanov proposing the creation of a national Bitcoin reserve that acts similarly to other traditional currency reserves. Tkachev argues that traditional reserves, such as the dollar, euro and yuan, are subject to inflation and the whims of international sanctions.

Bitcoin, on the other hand, is a decentralized, digital currency that operates outside the control of any single nation, offering a new and independent alternative. (Related: Plunder capitalism: Is the Bitcoin strategic reserve trial balloon the next step in the great American land grab?)

Kremlin’s interest in Bitcoin has been growing amid sanctions

The Russian government’s interest in Bitcoin is not new. In recent years, Russia has shown increasing openness toward cryptocurrencies.

President Vladimir Putin, who once expressed skepticism about Bitcoin, now views it as an “unstoppable technology” with significant potential. Last year, Putin even signed a law that legalizes Bitcoin mining and the use of cryptocurrencies within the country.

The Central Bank of Russia is already experimenting with cross-border payments in cryptocurrencies, reflecting a growing interest in blockchain-based financial systems. A strategic Bitcoin reserve would build on this trend, allowing Russia to participate more fully in the global cryptocurrency economy.

By including Bitcoin in its reserves, Russia can diversify its economic portfolio and reduce its dependence on traditional financial systems. This move could position Russia as a leader in the emerging blockchain economy.

However, the proposal also comes with risks. Bitcoin’s price can be highly volatile, and its decentralized nature means that no government or central bank can control its value. For a country like Russia, which has a history of financial instability, the idea of relying on a cryptocurrency known for its volatility might seem counterintuitive.

If Russia proceeds with its plan to create a strategic Bitcoin reserve, the implications could be far-reaching. For Russia, it could be a bold step towards financial independence and stability. For the global economy, it could signal a shift away from traditional financial systems and towards a more decentralized, blockchain-based future.

However, this move also risks drawing attention from international bodies like the International Monetary Fund and the World Bank, which may view it as a challenge to the existing global financial order. Russia’s experiment with Bitcoin reserves could set a precedent that others may follow, potentially reshaping the way countries manage their finances.

Watch this report discussing how the price of one bitcoin reached the all-time high of $100,000.

This video is from the Trending News channel on Brighteon.com.

More related stories:

• Russia rolling out blockchain payments in BRICS to move away from the dollar.
• Trump says no CBDCs for America, but YES to turning U.S.A. into “Bitcoin superpower of the world.”
• Russia legalizes Bitcoin, other cryptocurrencies for international transactions to skirt Western sanctions.
• NSA whistleblower Edward Snowden warns that Bitcoin transactions aren’t as anonymous as people think.
• Vladimir Putin praises digital ruble, calls for CBDC’s widespread use in Russia.

Sources include:

• BitcoinMagazine.com
• The-Blockchain.com
• Brighteon.com

ERIC TRUMP: I’ve been in crypto for a long time and so is my father, and I think he realizes that every country in the world is embracing it. People are running—look at where we are right now in Abu Dhabi. They’re putting billions of dollars into crypto, into digital technologies. If we don’t do it as America, we’re going to be left behind. He wants to make America the crypto capital of the world. He’s been very, very clear with that, and I applaud that.

Listen, right now, if you live in America and want to get a home loan, it takes you 90 days. How the hell does it take 90 days to get a home loan? By then, the house is already sold. Your dream is gone. There’s zero chance you’re getting it. There is nothing on blockchain that can’t be done better, faster, and substantially cheaper—not pushing paper. The banking system we have around the world, the modern banking system, is antiquated. It’s antiquated, and it’s just a matter of time before crypto not only catches up but really leaps ahead.

We’re incredibly excited on a lot of fronts, and I think America will be the crypto capital of the world. I fully support it, my father fully supports it, and our family fully embraces it. We believe in DeFi.  We believe that’s the way of the future. America better lead the way; otherwise, we’re going to leave a lot behind.

DAN MURPHY: All of this also comes back to regulation as well, and one thing your father has spoken about is incorporating new legislation, even deregulation, in the crypto space to really accelerate and move this forward. What does that look like?

ERIC TRUMP: It’s transparent, that’s what it is. The people in the crypto industry are frustrated that no one’s ever put together a sensible plan as to how to regulate an industry. They’re fine with regulation, but they just want guidelines, and they’ve said that. The problem is, you see so many companies have been so unfairly treated—so many lawsuits, hundreds and hundreds of millions of dollars, people attacked, companies attacked—and they’re just saying, “Just give us the rules of the road, and we’ll obey them.”

And by the way, if you give us the rules of the road, chances are the rest of the world will follow. So I think sensible regulation makes a lot of sense. A lot of people think the crypto industry doesn’t want regulation, but that’s actually not true. They just want sensible regulation—regulation that they can follow, regulation that’s crystal clear, that’s black and white.

They don’t want to see people like Gensler, who was absolutely a disaster for crypto. He did everything he could to try and stifle innovation. He would do so, and those people have all been cleared out. I think they will put together good regulation. I think we will have a clear roadmap, and hopefully, the rest of the world follows that. Hopefully, we can lead by example because that’s what we should do as Americans. Hopefully, we truly are the crypto superpower of the world.

It seems like anyone who doubted the “Trump Effect” on Bitcoin was wrong, at least in these early days after the election and before he’s even inaugurated. Bitcoin soared to over $100,000 for the first time on Wednesday.

According to Breitbart:

The digital asset peaked around its previous 2022 record of $73,000 in March 2024, weeks after the U.S. Securities and Exchange Commission (SEC) approved several exchange-traded funds (ETFs) for investors seeking to acquire it, according to data from CoinMarketCap.com. At the end of October, Bitcoin came close to that $73,000 record before retreating in the 60,000s range, then rocketing to a new all-time high of $75,000 before the end of the first week of November. Since then, BTC has sailed past new price benchmarks, first selling for $90,000 on November 13.

In the course of an hour, BTC surged from roughly $98,500 to $103,000 Wednesday evening, smashing a six-figure price barrier that felt unthinkable a decade ago, when the asset spent an entire year under $1,000.

Several factors may have contributed to the past month’s price action; investors may have been energized by President-elect Donald Trump’s victory over Kamala Harris (Trump vowed to create a BTC “strategic reserve” and appealed directly to Bitcoiners on the campaign trail) and the announcement that Gary Gensler — a villain in the eyes of many cryptocurrency fans — would step down from the SEC once Trump takes office.

But one of the key elements in Bitcoin’s perennial rise is its “halving” — a 50% reduction in its issuance of new “coin” units — that occurs every four years, making the “mining” that secures the network that records the ledger of BTC transactions more competitive and costly. The latest Bitcoin halving occurred in April 2024. Just as it did in 2012, 2016, and 2020, BTC appears to be entering price discovery roughly five months after the latest halving.

Historically, Bitcoin has grown in cycles of parabolic ascent and “crashes” down to prices far above the previous cycle’s highs.

Will Bitcoin go to $150,000? $200.000? $1,000,000? With Donald Trump in the White House, anything is possible.