Bitcoin (BTC) Because US National Debt Surpassed 30 Trillion Dollars

Bitcoin in the alternative to the debt of nations.  Some call it the solution beyond the expertise.

Bitcoin Magazine shared: BREAKING: U.S. national debt surpasses 30 trillion dollars. This is why we Bitcoin.

Community response:  Fish are the last to discover water — and economists simply cannot see past the Keynesian theory that creates the problems they intend to solve.

For clarity, Keynesian economics are the various macroeconomic theories and models of how aggregate demand strongly influences economic output and inflation. In the Keynesian view, aggregate demand does not necessarily equal the productive capacity of the economy.

What is their end game? I mean really, it’s looking a lot like the system is failing and failing fast. How can that debt ever be repaid?

Why would they ever pay it back? Other countries devaluing their currencies too, to keep export to the US attractive.

Okay, but can this last forever? Or what is going on? Does it look like eventual failure is baked into the traditional fiat economic system?

Bitcoin and many other cryptos may not be able to be regulated digitally, but the country can regulate the mining of it by closing down miners and restricting access.

The future will be a digital currency, but it won’t be Bitcoin BTC.  How would they close down miners? What legal rights would they have?

It’s very taxing in the energy grid so it’d be from that angle if they were to try to like some countries have done.

Is it a debt if you own most of it and no one dares to try and make you repay the rest?

What do you mean by ‘you’ moat of it?  A majority of the US debt is owned by the US. We give ourselves a loan to pay for things and then pay it back to ourselves.

That’s not true. Unless you mean US citizens owning it. Social security trust owns about 20%, but that is a separate trust and they get interested paid by the treasury. The fed owns 5.5T currently, and the rest is other governments and private holdings.

Ok, that was poorly worded. Yes US citizens own that debt.

Ok, thanks. They aren’t paying themselves, they are paying interest to private banks, people, pension funds, hedge funds, etc.  This isn’t Moscow circa 1927.

Don’t wait until Bitcoin loses 93% of its value to buy Breed.

Debt is never meant to be paid; it is meant to be rolled over. That’s the fiat standard. BTC will radically change this logic.

BTC might or might not. There is always the possibility it will be rendered obsolete by different crypto.

I do not believe in the default of the strongest economy in the world, however, I still prefer to keep my money in USDT and BTC rather than in USD

Maybe if you stop using the credit you demand things you can’t afford to pay then maybe you wouldn’t have to hope on Bitcoin to bail you all out. You still have to pay it back.  It doesn’t matter how you do it.  it’s never going away.

Debt to whom? That’s what I don’t understand. Where did the debtor get the money from, who is this guy that we own so much?  So, what’s the suggestion here, convert excess national spending into Bitcoin, and the debt will disappear?  Thousand for a million and a thousand million for a billion and a thousand billion for a trillion x30.

And how are they going to pay for the debt? We should thank Trump who made this debt the biggest during his presidency.

That’s why they can’t raise interest rates as much as people fear unless they crash the dollar.

Some people think that rate hikes are possible.  And *only 143% of 2021 GDP. The debt is spiraling right down the drain.