US Debt Clock Sends Shivers Down Your Spine & Just Surpassed US$21 Trillion

dpl (56)in #bitcoin • 7 years ago

US Debt is at Astonishing Levels

If you haven't viewed the US debt clock you would not fully appreciate the problem some, like myself, have been going on about. Studying the economy is not the most interesting hobby and would bore most to death. If at this stage however you fail to see the signs I'm not sure, you'll ever see it until the entire system has burned to the ground.

US debt at this stage has just passed US$21 trillion and show no sign in lowering speed.

(Image Source)!

This is also not a US isolated problem and countries all over the world follow the same concept with a global depth topping US$233 trillion in the third quarter of 2017. A breakdown of the total global depth can be viewed in the image below (Source - Samuel Falkon, Nov 2017).

(Image Source - Samuel Falkon, Nov 2017

In the latest video released by The Dollar Vigilante he explains the US depth crises and the promises (not kept) that were made by Donald Trump before being elected as president. The Dollar Vigilante was a self made millionaire that build a US$240 million company which in the late ‘90s expanded into 8 different countries employing 250 employees at the peak of the “tech bubble”.

See his video below.

The Crypto Currency Solution

Samuel Falkon, continues to explain how unique a solution crypto currency holds to this constantly increasing problem. A crypto currency designed to be peer-to-peer and decentralized with no central government or authority cannot be taxed or artificially inflated. This system will derive its value from the consensus of its users and laws of supply and demand and most important currency supply is fixed and not forcefully manipulated or devalued like in the rampant fiat currency system. See his article here

A visual explanation of a system as explained above is probably best done by Mike Maloney in his 8th episode of Hidden Secrets of Money (see 04:14 minutes into the video).

War of the Currencies

Trillions is at stake in this "War of the Currencies" and if you are a normal, taxpaying citizen the side you should be rooting for is that of crypto currency.