Hello my Friends,
As of Tuesday, the American national debt stood at $20.16 trillion, according to the US debt clock. Last Friday President Trump signed a law suspending the debt ceiling until December 8th.
Billions & Trillions
Since Trump won the elections, the national debt increased by a whopping 215 Billion, to the new record of 20 trillion. If you would spread out this debt over all Americans, that would add up to 167,000 USD per taxpayer, or 66.000 per citizen. The following graph shows the national debt growing, and accelerating.
Sustainable ?
This is clearly a unsustainable situation, you simply cannot loan yourself out of money-problems. You and I can't, and our government can't. The game is up. If for example, interest rates return to a normal 5%, all of the tax-money paid by the American public, would no longer go to healthcare or education and public services, but it would all go to the interest payments on the national debt, and ONLY the interest, the debt would still be rising.
The banks will start printing money like crazy, to cover the debt, creating hyper-inflation, putting the final nail in the coffin.
Bitcoin & Crypto
This is obviously great news for the crypto-verse. A crash of a mayor FIAT-currency like the dollar would mean a giant leap in the value of cryptocurrencies. There will simply not be enough crypto to fulfill the demand, as everybody is trying to get out of the crashing market. Big demand and small supply means huge profits.
I personally believe this crash to be engineered, like all others in the past. Any idiot can see this coming, especially those people at the IMF & Worldbank (The may be psychopaths, but they are not stupid.).
Prepare... Prepare... Prepare...
That's why I try to warn my loved ones to prepare. I try to make them invest small amounts of money into crypto, so that when the time comes, they will have the knowledge to sit it out. A lot of people will get hurt by this, and the human suffering will be enormous. But, if you see it coming, there are ways to not only profit, but being able to help people in need at the moment that they need it the most.
Passing this debt-threshold is a mayor red flag, or step in the direction of a crash. So be prepared, and as always ;
Happy trading my Friends.