It took 200 years for the United States of America to generate a public debt exceeding USD 1 trillion , that is, from its independence until 1981 when the actor Ronald Reagan became president of the country, the great power of the world maintained a thriving and productive economy. During its first two centuries, USA suffered the rigors of a cruel civil war, participated in two World Wars, suffered the onslaught of the Spanish flu pandemic and the economic collapse of 1929 among many historical events, however the cancer called Federal Reserve with its worthless dollar was dedicated to collapse this country in less than 40 years.
In the year 2017, USA reached the impressive figure of USD 20 trillion in its public debt, today the numbers indicate that this already passes USD 28T , same that will grow to USD 30T at the time that the incentive of USD 2T that the Biden administration requested to Congress is approved. It is clear that there is no intention on the part of the Fed's madmen to reverse the strategy, as long as they continue to convince the world that going into debt is good because this way consumption and therefore the productive sector is encouraged.
But the productive sector in the USA is practically non-existent, the rust belt, the strip of ghost factories located in the northeast of the country is the palpable proof of the death of an industrialized country by the globalized financial sector. Then the factories went to China and other Asian countries considering that their cheap labor (more like slave labor), was the right one to make the things that Americans need, as long as the strength of the dollar forced the rest of the world to sell their products at low cost, just print greenbacks and that's it, everything was solved.
But the party is about to end, this great Ponzi scheme established by the elites is getting harder and harder to make people believe that their money is strong and that everything can be bought almost effortlessly. In the last 4 years this lie cost Americans a debt of USD 10T and the immediate future seems to indicate that the proportions of the debt will become more and more gigantic, considering that by the events happened in Texas with the weather, the imminent rise of interests and the problem of mortgage and study credits what is coming could only be compared to a nuclear explosion but without a bomb.
A year from now? Maybe two? I can't say for sure, I don't have the gift of clairvoyance either, but you don't have to be a clairvoyant or a PhD in economics to realize that the dollar, as we know it, is in the process of disappearing, inflation is already strongly felt in the North American country, the lying 1.6% that the FED and the Treasury Department claim as the figure for the annual increase in prices does not seem to convince anyone, especially those who have to stand in endless lines to receive a bag full of free food.
It is a reality, this fiat dollar no longer provides security, unless you are a bank owner or a big Wall Street investor, so what to do to survive? Being in #leofinance and learning about the goodness of cryptocurrencies like BTC, Hive or Leo is a sign that you are on the right track. Information is power and here is plenty for you to protect your funds by investing in cryptos or monetizing your content. I understand well that bitcoin is a great option but its volatility can be a big drawback for some small investors, especially those who live on what they can get each day.
Physical gold (not paper) can be a great option, agricultural land also represents an important refuge against the chaos of the dollar, what matters is to know that this monetary system is coming to an end and the intention of the powerful is to rescue themselves before you or your family, however, here we are willing to fight integrating more people in the world of decentralized nas cryptos. In unity there is strength.
