Not So Fun Fun Facts: United States Debt.steemCreated with Sketch.

in #money6 years ago

The debt of United States is 21,331,019,579,000,332 ( 21+ trillion) which is 107% of country GDP or 65,755 per citizen.

If you lay $1 bills on top of each other they would make a pile 2,329,560 km, or 1,447,521 miles high.

That's equivalent to 6.06 trips to the Moon.

In time it took me to write this post interest only US had to pay to service it's debt was over a half of million of US dollars.

And the major single holder of US debt is Federal Reserve. A private institution.

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This is also one of the reasons why crypto is going to appreciate over time, especially cryptocurrencies like Bitcoin with a finite supply.

Some cryptos will appreciate, some will depreciate. If BTC is added to an SDR basket by IMF i.e. if it is a government project to transition from debt economy through a default of dollar then BTC will skyrocket. If BTC is indeed a decentralized project ideologically then governments will issue sovereign cryptos and you might hypothetically go to prison just for holding BTC.

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