In tonight's 60 Minutes interview #Powell admits that "in the long run, the #US is on an unsustainable fiscal path... the debt is growing faster than the economy"
Reporter: "I have a sense that worries you very much"
#Powell: "Over the long run, of course it does".
This is why people are investing in #Bitcoin https://video.nostr.build/a3b13fc1f0f46d6caa327b28b3967d3132bd148c2a57b19f85a4451572305b69.mp4
Too late Monsieur Powell.
There is no banking or government solution for fixing this
Saying the quiet part out loud. 90% of people will never know/get it. The nefarious part is BTC is their solution not quelling monetary base expansion. The fed will gladly keep printing. When you know you're beat why try?
My take is that the US gov/Fed isn’t even trying to fix this and either they’ll start another war or they’ll just continue to do the disuso thing which is printing. How are they even expecting to pay off $35Tril of debt. Is just impossible
