Quote from: MinoRaiola on Today at 06:26:29 PM

Quote from: headingnorth on Today at 05:26:12 PM

This is a pretty scary prediction about the direction the US economy is headed,
but in many ways seems fairly accurate (hope I am wrong). Agree or disagree?

In America, the debt is now so high that no one knows how long it will take to pay it off completely. For many years, the debt limit in America has been changed and the raised, which is bullshit every year. It seems as no one knows how to do it any other way, or they already reached the point where there is no other way. And nor the question... how long can this continue to work? And what will happen when the next financial crisis hits America and Europe?

Well, I think it's not just America, majorly every country in the world are going through one economic hardship or the other, but I definitely know that the reason why it seems America has the attention currently is because they have been the world power for quite a long time and still are till date, and they are a country most other smaller and third world countries look up to development and other economical decisions.

I do not think bitcoin can protect any country including the US from economic collapse or failure, because the economic stagnation and collapse all of this countries are experiencing is as a result of bad governance, poor economical decisions and investments from those who are at the helm of affairs in this countries, even if the US manage to gather all the dollar in circulation and invest all of it in bitcoin, it won't change what the country is currently going through today because what we are seeing happening today is the result of poor decisions made yesterday.