The U.S. government will pay $474 billion in interest on its debt this year. And that’s with rates around 1%. (see ‘5 facts about National Debt’ – here by Drew Desilver)
Total debt is now $19.845 trillion, and it just exceeded annual GDP.
Their unfunded liabilities top $100 trillion. (see “America’s Real Debt Shocker ” here by )
Eventually the interest on the debt will become unsustainable, and they’ll have to start monetizing the debt on a massive scale. I’m not saying they’ll default on the bonds. I’m simply questioning whether the dollars they’re paid back with will have much value.
When this happens, they’ll have an opportunity to choose a new system. I would vote for a cattle-based monetary system over the current one, personally.
But luckily we have bitcoin. The rise of cryptocurrencies like bitcoin may prove to be a catalyst that speeds the transition.
That’s the situation when 1-2 BTC in a long-run can be your perfect Retirement Plan.
A system where the money supply can be hard-coded. One that doesn’t require middlemen… and that vastly increases efficiency.
Bitcoin was launched amid bank bailouts in 2009 by a guy who thought the financial system was broken. Fortunately, Satoshi Nakamoto was a genius, and he created a brilliant piece of software.
It’s growing exponentially now because people are looking at the current system, shaking their heads and then looking for something else.
And bitcoin is transforming the financial world with blockchain because the technology is superior.
People want this. They want a way to store value and trusted transactions that doesn’t suck.
P.S. We’re still in the early days of blockchain and cryptocurrency. So if you haven’t invested yet, don’t worry. Time is on your side.
Step this path – grab 1 BTC today – click here
Any questions, how to join one of the fast growing company? Contact me.
How many Bitcoins are there left?
Today there are 14 million bitcoins in existence or 2/3 of the total amount (as of March 30 2015).
About 7 million bitcoins left to mine. “Total circulation will be 21,000,000 coins. It’ll be distributed.
Bitcoin, also called a mobile currency or a crypto currency, was created in 2009 by Satoshi Nakamoto, a mysterious individual or a group of people whose true identity is still unknown today. The main idea behind the establishment of this virtual currency was to enable quick and cheap online payments without the need to use traditional banking channels.
Bitcoin gained in popularity when its price jumped from around 216.91 U.S. dollars in January 2015
to approximately 697.37 U.S. dollars in October 2016.
And now, 1 Bitcoin equals 1057.39 US Dollar (predictions by the end of 2017 are between $1400-2000 USD: http://www.coindesk.com/what-will-the-bitcoin-price-be-in-2017)
So, let’s get some more bitcoins on our accounts: