Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin save U.S. from its rising national debt?
by
The Pharmacist
on 15/12/2019, 18:28:17 UTC
Of course, US president Donald Trump is rejoicing that the stocks is at its all-time high.
That isn't surprising, given his past and present career as a businessman and no history as a politician.  He's ignoring the national debt just like most other politicians and everyone else for that matter.  The whole US economy seems to becoming a giant Ponzi scheme or a game of musical chairs, and the rampant printing of money and soaring debt can't continue indefinitely.

But the question is whether bitcoin can save us from the consequences, right?  Well, I don't see how that's possible unless people hold bitcoin (and it holds its value) while the US economy/Ponzi comes crashing down.  I really don't want to see that happen, to be honest.  I also don't think bitcoin is going to help much, either.  US citizens will probably start using Canadian dollars or Mexican pesos if and when the USD becomes worthless.  That'll be a sad day for all American citizens.

I'll be holding bitcoin if I'm still alive when that happens, which I hope I'm not.