Topic: could bitcoin resolve the us debt - page 3. (Read 2225 times)
this question is not even funyn how much dumb it is.
The debt is an illusion, there is no debt when central bank can print money at will: All the debt is owed to banks, but banks don't really need the repayment, when they need money, they just print as they see fit
However, banks will never do a debt forgiven, so you have higher and higher national debt, this is to make sure people trust the value of fiat currency. You can imagine, if all the debt can be forgiven (as they should), then people will all take unlimited loans and spend, no one is going to work, immediately create hyperinflation and destroy the value of fiat currency. Debt is the driven power for the society
However, banks will never do a debt forgiven, so you have higher and higher national debt, this is to make sure people trust the value of fiat currency. You can imagine, if all the debt can be forgiven (as they should), then people will all take unlimited loans and spend, no one is going to work, immediately create hyperinflation and destroy the value of fiat currency. Debt is the driven power for the society
Yes,debt money,virtual blood for bank zombies,thaycant live without it,just more and more
Not possible,system has to be changed
over13 trilions is only USA,there are others countrys also
http://www.usdebtclock.org/
If you have OCD be careful with that link lol (numbers everywhere)
some scary info of just how screwed we are then I think the OP
can answer the question himself.
If you have OCD be careful with that link lol (numbers everywhere)
some scary info of just how screwed we are then I think the OP
can answer the question himself.
The debt is an illusion, there is no debt when central bank can print money at will: All the debt is owed to banks, but banks don't really need the repayment, when they need money, they just print as they see fit
However, banks will never do a debt forgiven, so you have higher and higher national debt, this is to make sure people trust the value of fiat currency. You can imagine, if all the debt can be forgiven (as they should), then people will all take unlimited loans and spend, no one is going to work, immediately create hyperinflation and destroy the value of fiat currency. Debt is the driven power for the society
However, banks will never do a debt forgiven, so you have higher and higher national debt, this is to make sure people trust the value of fiat currency. You can imagine, if all the debt can be forgiven (as they should), then people will all take unlimited loans and spend, no one is going to work, immediately create hyperinflation and destroy the value of fiat currency. Debt is the driven power for the society
LOL is this a joke.
I heard the US debt is something like 13 TRILLION DOLLARS. The technology of bitcoin can certainly provide a new of doing things, but i know this is some sort of joke question.
I heard the US debt is something like 13 TRILLION DOLLARS. The technology of bitcoin can certainly provide a new of doing things, but i know this is some sort of joke question.
Bitcoin can resolve everything : https://www.youtube.com/watch?v=joITmEr4SjY
It could if the US invested enough in bitcoin. Bitcoin has got $1000 before, and if the US government wants to invest, more US citizens will join and bitcoin's price will go sky high. And yes, the US can obliterate their debt.
or even half of it or even 1/10 of it? ??
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