It will very likely be there this month. It is hard to comprehend how much bitcoin news march 2014 amount is for the average American that is barely trying to get by.
But people are starting to wake up. There is a large financial charade going on. Most people realize that their standard of living is being eroded. The national debt is now more than all of the world’s physical cash, gold, silver, and bitcoin combined. I’ve argued this before but the Fed is now a giant paper tiger. They are largely trying to use the power of words to move markets instead of actually raising interest rates. These rates will impact this massive debt.
All of the physical cash, gold, silver, and bitcoin combined will cover 65 percent of the debt. And the debt is growing at a rapid pace. Is any of this ever going to be paid back in full? But back to the national debt. 5 trillion is not going to be paid back.
The Fed is doing all it can to keep rates low because even a slight move up in interest rates would cause the servicing of the debt to go ballistic. We’ve gotten to a point where we need debt to pay off more debt. It seems like a wildly sophisticated ponzi scheme. At this point it is one giant confidence game and you can see that in the U.
The controlled media is largely being marginalized. How fast is the debt growing? Just think of this on an individual level. Would you ever lend money knowing the full amount was not going to be paid back? If you enjoyed this post click here to subscribe to a complete feed and stay up to date with today’s challenging market!
The Bible says that it will get so bad that it will take a day’s wages just to buy a few loaves of bread. Sure life is good now, but it’s all an illusion. When it comes crashing down it will really hurt. How can we owe more money than there even is in all the world? How much does the Average American Make?
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