Vyacheslav Victorovich The Chairman of the State Duma of the Federal Assembly of the Russian Federation of the eighth convocation. Elected in single mandate constituency № 163 (Saratov constituency - Saratov Oblast) posted on his Telegram channel that “the United States of America is on the verge of default, and President Biden, just as his predecessors, has to once again raise the ceiling of the US national debt”. After World War II, there has been made such a decision more than 100 times, recalled the Chairman of the State Duma.
“The USA exists at the expense of other states. Its ability to service debts is weakening,” stressed Vyacheslav Volodin. “Just think about it, in 2023 the sum of interest payments on the US national debt could reach 1.5 trillion USD, and it is almost a third of all US budget revenues.”
According to him, this carries many risks, so many states prefer to pay in national currencies, “USD is getting toxic.”
“All financial pyramids, as history shows, sooner or later end in failure. But the current situation is different. The US national debt is a global financial pyramid created by Washington to deceive other nations and people,” stressed Vyacheslav Volodin.
It would be right for states dependent on USD to start looking for an alternative and that would reduce the risks for their citizens, according to the Chairman of the State Duma.