Good news:
Bitcoin is the great absorber of expanding global debt. 🙌
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Discussion
That's great .
I've heard lots of talk about how the system is already insolvent, one metric I hear quoted often is that there are $4 of debt for every $1 of assets in the world. That would put as at $4 quadrillion in debt if we take the 900 trillion number that gets thrown around a lot.
How then is global debt only $324 trillion according to this picture? What am I not understanding
Hmmm, I wonder, if we didn’t create money by issuing debt, would the world economics be $325T more manageable?? 🙄🤔
The more the debt grows, the stronger the crash will be when it is decided to move to a new standard and decide not to repay that debt anymore 🤷♂️
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The more the debt grows, the stronger the crash will be when it is decided to move to a new standard and decide not to repay that debt anymore
Looks like there is 100 trillion more debt than in 2009. Btc only has like 2% of this.
Doesnt sound great 👍
great graphic and I agree with you!
Why is this good news? Is it good to have a system fed by debt? Wouldn't you prefer something complete and stable, with a prominent future ahead? What happens when the debt system collapses?
