Toeing the line of France’s Central Bank, the governor of the Bank of England, Andrew Bailey, said they might have to fight against international stablecoin standards established by the United States.

The US economy has a total debt of almost $40 trillion, which has been increasing at an alarming rate. If the US government is unable to service this debt with current tax revenue, it would be forced to print more dollars to settle it, which is expected to cause hyperinflation in the US dollar and ultimately crash it.

https://x.com/simongerman600/status/2053724308032180326

This has already happened once during the 1929 Great Depression in the US.

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