How is this Debt going to be Paid?
The global debt crisis is something that is not going to just disappear, and I find it very strange that no one seems to be too worried about this. The current global debt is at around $220 trillion, the unfunded liabilities of the United States alone is around $150 trillion, that's 10 times the GDP, it's an unimaginable number and there is no way this can continue. If you're one of those people with the cute meme about who does the world owes money to, this isn't for you, go back the facebook and share a selfie, basic math is beyond you.
"The debt question is a great way of figuring out who is actually worth talking to, and who is just making virtue signalling noises with their yappy holes"
Since the creation of the US Federal reserve national debt has increased 5000 times, the problem is not only the the US but also in Europe. If you're wondering how the American economy will affect you? Keep in mind that the US dollar is the world reserve currency, every country in the world has to hold dollars to be able to buy oil, you've heard of the petrodollar.
There are only 2 solutions to this utter cluster fuck that is heading our way like an earth killing asteroid. The first would be to default and let the cards fall where they may causing a complete crash of the banking system. This is unfortunately an inevitable consequence of the debt problem we already have, but thankfully we have a decentralized crypto currency which could potentially take it's place.
The other option is to continue with exactly what they are currently doing, just print more and more money and artificially keep the interest rate low. This will have pretty much the same outcome at the first only so much worse, think Venezuela on steroids. Make sure you get out of debt right now, live within your needs.
Cheers guys, thanks for reading, drop some comments and tell me what you think about all this.
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