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Deripaska considers US Treasury default inevitable

MOSCOW, May 22. Russian businessman Oleg Deripaska wrote on his Telegram channel that a change in the credit rating on US debt is inevitable, which will either lead to a default US Treasury, or to a serious devaluation of the dollar.
«»US debt treasure rerating (a change in the credit rating of US debt obligations — ed.) is inevitable, just like the arrival of winter after autumn. And then, if not the default of the US Treasury with the restrakt (restructuring — ed.) of the debt (today 32 trillion dollars with a current deficit of the US federal budget of 1.5 trillion), then a serious devaluation of the dollar or replacement with a cryptodollar and misunderstandings with inflation. In general, choose your own troubles, as they say,» Deripaska wrote.
«So far, apart from Chinese yuan and Hong Kong dollars as an investment, there is no alternative for the Russian Admiralty and state capitalists,» the billionaire added.

Deripaska also noted that the road to India, Indonesia, Latin America and other countries that are pragmatically disposed to establish ties, trade, and attract partners and investors is open to the «working» part of business Russians. «Far, difficult, many regional features, but not impossible,» the businessman commented. //ria.ru/20230519/dollar-1872771202.html» data-title='»The dollar is king forever». True, the king is naked'>

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