National Cryptoequity - Pleasant Opposite of National Debt?
The modern government-run financial system employs a staggering amount of national debt. The United States’s national debt is fast approaching $18 trillion, with no sign of stopping. This debt, while incurred by the government, ends up being the responsibility of the public to pay it off, or else risk collective financial suicide. However, instead of shouldering this massive burden and having economic progress crushed under its weight, there exists a way to use cryptocurrency to achieve the opposite effect for people: give them equity. Currency control stifles business and innovation.....
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The latest grim milestone for the U.S. economy means that its national debt total is now 4,000% larger than the Bitcoin market cap. The United States’ national debt has passed $30 trillion — and even all the Bitcoin (BTC) in the world would hardly touch it.According to the latest official statistics, U.S. national debt is at levels never seen before, passing the psychological $30-trillion barrier for the first time this week.Bitcoin is worth less than 3% of U.S. national debtAfter two years of liquidity injections fuelled by issuing even more debt, the Federal Reserve is attempting to rein....
The US national debt is several times greater than the value of all physical cash, and thousands of times the value of Bitcoin. Standing at around $19.5 trillion, the debt accrued by the US federal government amounts to significantly more than the combined value of all the world’s physical cash, gold, silver, and cryptocurrency. Those four combined barely cover two-thirds of the US national debt, leaving the daunting task of debt reduction. Bitcoin is still a small player in the global financial world. Besides the staggering level of US debt, what this fact reveals is how new and minor a....
Presidential candidate Donald Trump claimed that the US is incapable of defaulting on its debt because of the Federal Reserve’s ability to “print money.” The Republican Party’s presumptive presidential nominee attempted to clarify previous statements that he could persuade America’s creditors to accept less than full payment for the national debt, which was construed by some publications to mean he intended to default. Trump insisted that he meant that the US could simply buy back debt at a discounted rate. “You know, I’m the king of debt. I understand debt probably better than anybody. I....
A recently published forecast stemming from the Federal Reserve Bank of Cleveland’s Inflation Nowcasting data indicates upcoming U.S. consumer price index (CPI) metrics will likely be elevated. The newly predicted CPI levels were recorded the same day America’s gross national debt surpassed $31 trillion on October 4, as the country’s growing debt continues to rise rapidly. Fed’s Nowcasting Report Shows Inflation May Not Have Peaked, Data Predicts September and October Core CPI to Jump 0.5% The U.S. central bank may not be too keen on slowing down rate hikes if....
A warning by Tesla and Spacex CEO Elon Musk about the mounting national debt in the U.S., government spending, and the proposal to tax unrealized capital gains has highlighted the benefits of cryptocurrencies, particularly bitcoin.
Elon Musk Says ‘Spending Is the Real Problem’
Tesla CEO Elon Musk made several tweets about the U.S. national debt and government spending last week. He also warned against the proposal to tax unrealized capital gains, aimed at billionaires, which was scuttled Friday amid questions about whether it would even be constitutional.
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