German businessman and activist Kim Dotcom, founder of the shuttered download website Megaupload, said on Saturday that a temporary US default would be useful for the country.
Dotcom responded to a tweet from US President Joe Biden, who stated that “default would eliminate millions of jobs, trigger a recession, hurt retirement accounts and increase the cost of borrowing” and “is not an option”. .
However, according to the businessman, a temporary default would "stop inflation and de-dollarization", would put an end to the conflict in Ukraine and the high military spending, "would close the 800 useless US military bases around the world" and "would give the US the chance to reduce debt and rebuild the American dream.”
The activist believes that under the conditions of a default, Biden would be forced to "negotiate and significantly reduce spending to a surplus level, without foreign wars, without foreign military bases."
“When you stop printing money non-stop, inflation will end. When the military budget is cut by 90%, Americans won't have to worry about shitty infrastructure, education, healthcare, or homelessness,” he said.
