Post
Topic
Board Economics
Re: World debt hits new record: good for BTC
by
Shenzou
on 30/05/2018, 22:44:45 UTC

https://www.bloomberg.com/news/articles/2018-04-18/world-debt-hits-record-164-trillion-as-crisis-hangover-lingers

$164 trillion! That is an awfully big pile of money, but governments think it's not big enough. They keep on borrowing more every year. If there's no crash, it will be a miracle.

Pray God.
Or buy BTC!
Grin

It is good for bitcoin, but i think that at this point people don't care about this whole thing, i mean government could do whatever they want, just thinking about how we went from money backed by gold into just using just paper that has value because they said so, and because they have the power to do that, and it is what bitcoin faces right now, and that is governments have the power to ban it and potentially bring it down.