Our Flawed Monetary System & Why it is Doomed

in #monetary6 years ago

Many believe the American system is on its last legs.

A lot of these people attribute it to the monetary system we operate under and how it pits the public versus private sector against each other. The United States keeps running up debt it has no interest in paying back. This means that servicing the debt is vital to keep churning out more debt.

This creates an issue when the public debt is sucking up so much of the new money. This means that small business which will expand the economy are passed over. The public sector swallows up most of the money that goes to servicing the existing load.

The money is not even put into schools, roads, or healthcare.

Click on image to read full story.

debt.jpg

Sort:  

You got a 35.24% upvote from @minnowvotes courtesy of @steemium!

You got a 31.22% upvote from @joeparys! Thank you for your support of our services. To continue your support, please follow and delegate Steem power to @joeparys for daily steem and steem dollar payouts!

Thank you so much for using our service! You were protected from massive loss up to 20%

You just received 22.40% upvote from @onlyprofitbot courtesy of @steemium!

Want to earn more with us? Our APR can reach as high as
15% or more!

More portion of profit will be given to delegators, as the SP pool grows!

Comment below or any post with "@opb !delegate [DelegationAmount]" to find out about current APR, estimated daily earnings in SBD/STEEM

You can now also make bids by commenting "@opb !vote post [BidAmount] [SBD|STEEM]" on any post without the hassle of pasting url to memo!

* Please note you do not have to key in [] for the command to work, APR can be affected by STEEM prices

Coin Marketplace

STEEM 0.15
TRX 0.16
JST 0.028
BTC 68787.57
ETH 2439.22
USDT 1.00
SBD 2.34