THIS IS GETTING OUT OF HAND

The US government’s debt is out of control.
Bitcoin is the saving grace.
And really it’s quite simple…
If demand remains the same and the Bitcoin sold [from the miners] gets cut in half, it should have an impact on the price to the upside.
Traditionally with debt you have two options:
  • Default on the loan
  • Pay back the loan
The government unfortunately has a third option: they can print more money, devalue the debt that they owe and allocate more capital to themselves.
The US government cannot default on its debt - that would be catastrophic for everyone.
Yet they cannot afford to pay it back.
So the only option they have is to print more dollars…
They can make more real estate, they can find more gold. They cannot make any more Bitcoin.
The fiscal situation in the U.S is beyond the point of no return.
And it’s only going to get worse.

Choose the life raft

The bigger problem is overall spending.
What causes debt? Too much spending
The only solution is to cut spending
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That’s right, but they’re going to try to increase revenue before they cut spending.
I think they’ll default on the debt before they cut spending.
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Good point.
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Traditionally with debt you have two options: Default on the loan Pay back the loan
That’s still true. What governments have is a second way to default.
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Yea, just takes a bit longer.
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21 sats \ 1 reply \ @Athena 19 May
And what I can see so far that they even don't pay a little attention to it. They are more inclined towards elections than to the things of national interest.
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The media infuriates me, it’s just fear and more fear.
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How many people really understand this ?
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It's nothing more than a exaggerated bullshit propoganda. US Debt? Debt is what form of currency? US dollar I think? If it's true then US can clear debts whenever they think it's time to overturn the situation.
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I think this debt is for inflation control. Or what?
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