Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin save U.S. from its rising national debt?
by
philipma1957
on 15/12/2019, 18:31:25 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.

Nah  they will most likely go to negative bonds that pay negative interest rates.  Europe does it now.


So 35 trillion in debt  is  paid back as  34.5 trillion.

Check it out


 https://www.bloomberg.com/quicktake/negative-interest-rates



this is a brilliant scheme.  Wink