Cryptocurrency Is Responsible Where Political Leaders Are Not

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The last decade saw a massive increase in spending. It is a utopian love fest for free spending. There is no check to big, no budget to outlandish for these people.

Across the globe, countries are spending like there is no tomorrow. The solution to all problems appears to simply throw money at it. Regardless of what is taking place, there is nothing that a nice, big, fat check cannot solve.

Of course, money becomes a problem for governments since they don't have any. Thus, they have two choices: taxes or debt. Fortunately for us, they are opting for both.

If this is not already, this is going to put a massive strain on economies as investment dries up. There are only so many dollars (Euros, JPY, or Yuan) to go around. This means, when massive amount of it are required to service the national debt, there is a lot less for the private sector.

Political leaders around the world are having a field day. In the United States, there is a Republican President who runs up deficits as if they do not matter. I cite this because he is suppose to be from the party of sound spending. What do we hear from the other party leaders? Not a peep.

The story is the same no matter who is in office or what they profess. Debt has been growing at an accelerating rate and continues to do so. Once the dominoes start to fall, the carnage spreads quickly.

With over $200 trillion of debt globally, we are looking at a situation where economic collapse could accelerate as defaults mount. No country is really safe although ones like the U.S. and China are going to be later in the process. It will be the less stable economies that feel it first.

There is a solution to much of this. Cryptocurrency has the advantage in that it is not dependent upon any leadership, economy, or banking maneuvers. Since it is borderless, it operates outside the spectrum of any country. This could be the saving grace for the world economy.

Cryptocurrency is not only a currency, it is actually its own economy. As more development takes place, these systems will allow for the transaction of goods and services regardless of the financial circumstances of particular nations. With more people getting involved, the value will grow, further protecting people from the fallout of plunging currencies.

There appears to be no end to the "printing presses" running full tilt. This means that debt levels are going to keep going, probably at the same explosive rates. At some point, we are going to see a bigger hiccup in the global economy. For the past few weeks, I wrote about how important it is to watch the European banks. This could be a catalyst that kicks a lot of bad stuff off.

I feel abundance is on the way because a major innovation boom is about to be unleashed. Cryptocurrency is what is going to allow us to capture a great deal of activity that is not presently monetized while also offering the opportunity to fund many new projects.

This becomes a rinse and repeat system. The more success that we see, the more that is available for putting towards other projects. Thus, we see even greater success built on top, throwing off more money to invest elsewhere.

Rinse and repeat.

We are very early in this process with only a smidgen of the global population involved. Over the next half decade, I expect to see the numbers explode. Once that happens, the pace of the rinse and repeat will be accelerated to a point few of us dream about.

We are on the cusp on one of the greatest technological booms. This is going to, perhaps, help out those that were failed by the present system.

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Posted via Steemleo | A Decentralized Community for Investors