HODL bitcoin or not, the recession that's at our necks is gonna fuck us all, and we can do literally nothing about it.
It's going to be nasty. Italy already went in to a recession last year, and looking at the same again this year. Other major economies, such as China, Germany, UK, and South Korea, have already seen a contraction in one quarter this year so far, and are therefore on the brink of a recession. There are plenty of other smaller economies in the same situation, and some other countries already in a recession. Impossible to say when it's coming, but it is, and we are all entering it in a far worse economic state than we did in 2008.
If you prefer to fight with the latest guns than to eat, then you have a problem.
US government spending is ridiculous, and the national debt will only increase with the money being allocated as it is. The US spends more on defense than the next seven highest spending countries combined. The US alone makes up over one third of
global military expenditure. Other ridiculous spending includes healthcare; between medicare, medicaid, and other health spending, the US spends around 23% of its entire budget on health. In terms of both dollars per capita and GDP, the US spends at least twice as much as most other Western nations on healthcare (and gets worse outcomes for it, but that's a whole other discussion).
