Posted: 23.01.2024 16:21:00

Expert: success of US financial system depends on conflicts and sanctions policy

The US national debt has broken a historical record, surpassing the $34 trillion mark for the first time ever. Nevertheless, the US currency is still doing well, which is due to Washington's policy aimed at fomenting conflicts around the world and imposing sanctions. In his talk with Alfa Radio, a deputy of the House of Representatives of the National Assembly of Belarus, Sergei Klishevich, commented on the issue.

A number of experts believe that servicing such a large national debt can cost Washington about a third of budget revenues. In this regard, Mr. Klishevich was asked whether the United States will be able to cope with serious financial problems.

"The success of its financial system, among other things, directly depends on the conflicts the US has unleashed and the active sanctions policy it is implementing," the MP stressed. “What is the US national debt? This is the amount of money printed in recent years. It is growing, money must be provided and powerful currencies of other states are to be weakened. This is what is happening – as confirmed by the situation in the European Union and the conflict unleashed by the US in Ukraine. For the Dollar to be stable, Americans have to constantly unleash conflicts, wars or create threats of such conflicts, as well as pursue an active sanctions policy against unfriendly states. As a result, in one way or another, such measures will affect the stability of other currencies. To a certain extent, the Dollar purchasing power has decreased, but it has not yet become less influential, since conflicts not only do not stop, but grow in number. The United States’ influence in fuelling conflicts is obvious, and this refers not only to Ukraine, but also Palestine and other regions. Therefore, the Dollar will feel good as long as Americans manage to successfully implement the policy of military conflicts around the world.”