look news india
New Delhi: America's debt is becoming uncontrollable, the American government is taking a loan of one trillion dollars every 100 days, Bank of America has expressed deep concern in this matter and has estimated that due to increase, the American dollar may fall. America has incurred uncontrollable debt.
BOFA strategists say that from the year 2023, America's debt is increasing by one trillion dollars every 100 days and a loan of Rs 3.6 lakh crore has been taken every year. The US government is spending heavily on the military budget. America's debt is now out of control and has reached a new high of $34.4 trillion.
Capitol Hill representatives and Federal Reserve officials have been unable to control this extraordinary debt growth. Bank of America has warned of a big fall in the US dollar if the economic situation worsens. Furthermore, as a result, BRICS countries have shown a risk of moving away from the dollar currency.
Not only America, but the world may have to suffer the consequences of this worrying increase in American debt. BRICS countries and other developing countries are also worried that US dollar debt will bring their economies to the brink of collapse.
Therefore, keeping US dollars in reserve threatens the financial stability of these countries. Bank of America has warned that the year 2024 will be disastrous for the US dollar and the economy, saying that the country's rising debt is a major concern for the US economy. Which is increasing by one trillion dollars every 100 days.