Sanctioned businessman Oleg Deripaska says exorbitant government spending will lead to a financial crash
© Global Look Press / Igor Russak
The US economy is currently in a very challenging situation, Russian businessman Oleg Deripaska said on his Telegram channel on Friday.
He claims the US economy cannot take the weight of the country’s enormous government debt and exorbitant spending.
“Reckless militarization, sanctions against everyone, and military adventures around the world have already cost this country almost $33 trillion,” said the billionaire, who was sanctioned by the US last year. However, he provided no details on where this figure came from.
Deripaska noted that the US has never come so close to the bankruptcy of public finances.
“Printing more money is useless. Therefore, they will quietly discuss how to raise the debt ceiling in Congress,” he explained.
“Lots of heads will roll this spring in Washington,” he said, adding that this will pave the way for peace in 2025.