Qasim1988

As the saying goes: One mountain cannot accommodate two tigers. However, the peculiar United States operates with two presidents issuing orders. After the U.S. presidential election, the outgoing President Biden has not yet left office, while the newly campaigning President Trump is impatiently starting to issue commands. Thus, before January 20, 2025, the U.S. finds itself in a situation where two elderly presidents, Biden and Trump, are jointly governing the country. Before leaving office, Biden keeps digging holes, such as pardoning his son and undermining the judiciary; stoking the fire in Ukraine, escalating the war; while the elected President Trump jumps to the forefront, busy installing his own people, such as forming a new government and appointing key positions, completely revamping Biden's administration. A new emperor brings new ministers; Biden's people will soon be laid off, while Trump's people will take over. But Trump can’t wait, jumping from the background to the forefront, such as attending the completion ceremony of Notre-Dame Cathedral in Paris; meeting with the Presidents of France and Ukraine, discussing ceasefire talks. Now, Trump says he wants to end the Russia-Ukraine war, and Zelensky immediately sends out signals for negotiations; Biden agrees to allow Ukraine to use U.S. missiles, and Russia is immediately hit by missile attacks from Ukraine. Even before Trump takes office, he can prompt other countries to make adjustments to align with his upcoming actions. As Biden is about to leave office, he can still stir up trouble everywhere, exacerbating international conflicts. Clearly, they are at odds with each other, yet they can coexist like two tigers on one mountain, often exchanging barbs. The exercise of presidential powers is handled independently, without interference. Therefore, they are currently leading the U.S. according to their own ideas, resulting in the bizarre phenomenon of two presidents simultaneously governing the country.

So terrifying!
The news just came from the American icon!
Elon Musk icon warned in the media that the United States is rapidly heading towards de facto bankruptcy. He emphasized that bankruptcy itself is not the biggest problem; the real crisis lies in the government's direct spending on enterprises, leading to the phenomenon of 'state enterprises advancing while private enterprises retreat', which poses a huge threat to the long-term healthy development of the market economy.

First, the issue of the U.S. government's fiscal deficit is becoming increasingly severe, with the budget deficit for 2024 reaching $1.833 trillion, an increase of 8% compared to the 2023 fiscal year. This continuously growing deficit is causing the level of U.S. debt to rise, posing a significant threat to the country's economic health.

Second, the total U.S. debt has soared to $35 trillion for the first time, equivalent to the combined economic output of China, Germany icon, Japan icon, India icon, and the United Kingdom icon. This figure not only sounds the alarm for uncontrolled debt but also poses a challenge to the stability of global financial markets.

Third, Federal Reserve Chairman Jerome Powell icon admitted that the growth rate of U.S. debt is faster than the growth rate of the economy, which is unsustainable. This mismatch between debt growth and economic growth signals a potential economic crisis in the future.

Fourth, the U.S. government's excessive spending is considered one of the reasons for inflation. In the current global economic situation icon, inflation puts pressure on the cost of living for ordinary people and the operational costs for businesses.

Fifth, the U.S. is also showing signs of economic downturn in other aspects, such as retailers falling deep into financial crises, the manufacturing industry remaining sluggish, and rising unemployment rates. These signs indicate that the U.S. economy may be facing the risk of recession.

Sixth, the U.S. government has been blinded by short-term political interests over the past few decades, neglecting to implement necessary structural reforms. In an election year, the disputes between the two parties have intensified, and the severe reality of uncontrolled debt is also ignored, further exacerbating the risk of a fiscal crisis.

Musk's warning is not alarmist; the economic problems in the United States have indeed reached a point that cannot be ignored. Government fiscal policy and debt management need to be more prudent and effective to avoid a potential economic crisis. At the same time, the U.S. also needs to reach a political consensus to jointly face and resolve these deep-rooted economic issues. After all, the healthy development of the economy is related to everyone's future.

After wandering around the square and checking external news,
I couldn't find any reason for the drop of 10,000 points at six in the morning.
Without exception, the simplest reason is that the market manipulators have washed out the long positions.
Since such a spike has occurred, a second one will likely follow,
and perhaps even more of these spikes later, so it's crucial to use stop-loss orders when trading.
If you don't set take-profit and stop-loss, waking up could lead to a total loss.
The washout in a bull market can indeed be scarier than in a bear market,
what's often said on social media about the volatility being terrifying is true😂

Intra-day observation: wld, xrp, ena, doge, HBAR, wif.....

In the coming days, I will help fans to stealthily invest in some very promising spots to hold until the end of the year,
Doubling your investment is still quite easy,
Comment 666 to get on board!!!

#比特币回升至97K #ENA突破1美元 #SUI市场新焦点