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Putin adviser says U.S. plans to wipe out its $35 trillion debt by using crypto and gold market

Section: Daily Dispatches

By Manu Kaushik
The Times of India, Mumbai
Monday, September 8, 2025

Anton Kobyakov, a senior adviser to Russian President Vladimir Putin, has alleged that the United States is orchestrating a scheme to offload its $35 trillion national debt by leveraging cryptocurrencies and gold. 

Kobyakov stated that Washington intends to "rewrite the rules" of these markets, positioning them as alternatives to the traditional global currency system. He gave these remarks during the Eastern Economic Forum, which was held in Vladivostok, Russia, with the purpose of encouraging foreign investment in the Russian Far East.

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The U.S. national debt has surpassed $35 trillion, making it the largest in the world. This figure represents the total amount the federal government owes to creditors, including foreign governments, institutional investors, and U.S. citizens through Treasury securities. The debt has been driven by decades of budget deficits, large stimulus packages, military spending, and entitlement obligations such as Social Security and Medicare.

In a recent statement posted by Russia Today's X account, Kobyakov said, "The U.S. is now trying to rewrite the rules of the gold and cryptocurrency markets. Remember the size of their debt, $35 trillion. These two sectors are essentially alternatives to the traditional global currency system."

He further asserted, "Washington's actions in this area clearly highlight one of its main goals to urgently address the declining trust in the dollar." ...

... For the remainder of the report:

https://economictimes.indiatimes.com/news/international/us/putins-advisor-warns-of-us-conspiracy-to-wipe-out-35-trillion-debt-using-crypto-and-gold-market/articleshow/123759656.cms

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