Global debt exceeds all limits. Since 2007, world debt has doubled. This is despite the fact that Europe tried to humiliate the endless false stimulation of the economy and opted for a more conservative approach. Americans would only have to pay debts for 25 years to become truly independent again.
Financial magic: Global debt to infinity
They are not going to pay their debts in the coming months and maybe even years. In addition to the United States of America, financial magic is also done by Europe and China. In particular, China is good at artificially depreciating its currency to remain an attractive destination for investors. Stimulating the economy in this way is very effective.
Investors and analysts on the Twitter social network are beginning to notice this issue. Dan Hedl, who works as an expert for cryptocurrency exchange giant Kraken, pointed out the debt.
Global government debt:
— Dan Hedl (@danheld) April 14, 2020
2007: $30 Trillion
2020: $70 Trillion approaching infinity
It’s time for plan ₿
Plan B is a frequent indication of when Bitcoin will become a currency and assert itself as a simple exchange tool.
In the comments below the post, several followers wrote that they do not even know what the number after trillions comes.
The question is what happens when an infinitely inflated bubble bursts. CEO Binance Changpeng Zhao, for example, believes that it will inflate endlessly.
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