Americans have $1.14T in credit card debt. US Govt has $35T in debt. No worries, I hereby forgive it all.
Average consumer now carries $6,329 in credit card debt. 'People are stretched'
On the one hand, nation-states contemplating using BTC as a reserve asset is an obvious sign of growing acceptance and adoption and so is positive. On the other hand, if the potential for the power behind a large store of BTC leads to a repetition of exploitative, extractive, and war-mongering policies, it will not βfix the money, fix the world.β We need to base the creation of a new system on universal principles to create a freer, fairer, and more peaceful world. This is the principal thesis of my upcoming book.
βBitcoin offers the potential to free ourselves from the parasitic financial leeches draining the lifeblood from the economic body of humanity.β Quote from my upcoming book.