Some facts about the global debt...

[aoluain]

I hope that people recognize how wars, defense contracts, anti terrorism, healthcare reform and similar agendas are pushed to justify the deficit growing larger. The only way that we have a chance of saving our future is if people recognize those programs are negative and refuse to support them. Any big spending, trillion dollar, program pushed by the state is typically a terrible idea via default.

People will never learn. They are bainwashed to the core of their existence. If we look at how this problem has only become worse throughout the last decades, it's pretty certain to say that we in the forthcoming years will go through something way worse than this. Economically, we can only sink deeper; there is no way this is ever going to get solved, or even remotely reduced. The only escape is to hedge your way out.

I am however glad that the majority of my wealth is locked in Bitcoin and that my 'support' for a system I heavily dislike has been reduced to the extreme minimum in the last years.

Let Bitcoin fall harder, maybe that will boost me to convert 95% of my fiat wealth to Bitcoin.

On one hand I wouldnt blame the individual, its banks and governments who want to lend funds to
people who dont have much economic wealth. People are under pressure to provide for their families 
either with a home and or education for their children and neither are free and this means people
have to borrow funds.

Then on the other hand some people overstretch themselves to borrow funds to buy luxuries they
cannot afford.

In the end its the average Joe who will pay for all this debt and most likely the ones on the bottom
rungs of the ladder.

[Ranly123]

Do you know that the global debt is around 230 trillion USD?
This is around 325% of the global GDP.
Countries like Japan have estimated debt of around 250% of their GDP.
China`s corporate debt is around 150% of China`s GDP.More than 50% of that debt is created by the govenment owned corporations.

Every idiot,who calls bitcoin a bubble should look at these stats.
The global debt bubble is 10000 times bigger than the crypto or bitcoin bubble.
The cryptocurrency prices are pumped by this bubble.This bubble will create the new Great Depression.

I think any investment with high volatility is like a bubble. But what makes Bitcoin different from other is that it is widely used as a currency rather than an investment. World debt or a countries debt also cannot be called a bubble because it is not an investment, so these means they can pay it back through the money they circulated through the debt they aquired.

[sserge009]

because the real bubble (unlike bitcoin) is the stock market of securities. the world community "agreed" more than half a century ago that the dollar is now the world currency, which is provided by "the most powerful economy in the world." Now this power has rolled into the abyss for a decade now.

[muratdur]

This is so dumb, why should we have the debt that we never will be able to pay off? Then it cause me again to be self centered and be trying to make my own walfare instead of carrying about the country I live in...

[Don Pedro Dinero]

That’s one of the reasons that got me into bitcoin. Debt in the world keeps growing. Personal debt keeps growing: you see people buying houses, cars, the latest iPhone and the like. Do they do it because they have money? No, what they have is credit. Obviously, some people have money and don’t get into debt to buy but I’m talking about the vast majority of people here.

Currencies are inflationary whereas bitcoin is inflationary. That seemed to me to be a good reason to get into bitcoin some time ago, and I finally did.

[PrintMule]

There is a risk table that we have overlooked before the global crisis,there is a risk appetite, and most of these risks are known to the market. More then what kind of changes are there in financial markets? the risk of a system at a critical dimension and regulatory and committee to regain them work started.

would not it have been better if all this had been done before the level of global crisis? it would certainly be better, but no power could have said it in some way. one of the possible reasons for the fall of bitcoin is certainly the "global crisis".

[vit05]

People are waiting for a great depression for years. I doubt that we will have another one like that. Every year we are being more productive and new things are being invented. Cryptocurrencies will change a lot of things, but people, government and companies will still need loans.

[nl247]

It is just a pity that most of the masses at the bottom of the chain usually suffer the whole depression the most. Those who are smart enough will know that this is about the time to start considering dumping the highest bubble ever for the real thing. Whoever wants to call bitcoin bubble is free to do so, but at the end, we will all get to know the truth at the end, and who is going to be smiling. Saddening though, that the same financial institutions condemning bitcoin will be so quick into diverting their funds into the crypto space when the time comes while leaving those who are foolish enough to listen to them in the dark pit.

[betMaster]

And that's why most of my wealth is converted to bitcoin and other Crypto coins (thank Satoshi for making such a tool to store wealth without being either spotted / controlled or affected by the global debt ) .
And i don't really think that getting out of this dept is ever possible because it has reached the edge below where countries have to sell themselves in order to pay what they are due .. Many countries won't be defaulting on this debt for sure and i think those who aren't afraid of printing bills and paying their debts ( such as US .. ) are those who will reign this planet forever ..

[udonmez]

The pay this dept each country especially big ones have to grow every year. Since resources is not infinite, it is gonna be stuck somewhere. So it is better to keep our money in cryoto .

[magneto]

You're right. This is a completely unsustainable thing, when you have global debt levels many times that of even the actual GDP of the world. And this just shows how fragile the fiat currencies actually are, when they are backed by a system that is based on the debt.

If you want to preserve your wealth, putting your money into centralised fiat currencies is never a good idea.

I completely agree with 1Referee. Because I don't believe that this debt based system is sustainable, and I believe that fiat will always go back to its intrinsic value which is zero since a central entity is able to push more into circulation at any time, I've put a lot of my wealth into BTC as a hedge.

[el kaka22]

Global debt reached more than $ 233 trillion. Very high in terms of what we see, according to IIF analysts, this huge debt could curb interest rate hikes by central banks due to concerns about the ability of banks to pay off their debts. business and government.

Really high and I can imagine the effect this is going to have on global economy as time goes on. Anyone who is actually complaining about bitcoin as a bubble or the value as a bubble have not really gotten to know that the fiat system has been the greatest bubble ever and with the way things are going, this would be a terrible outcome for the economy.

It is just surprising that these entire so called financial experts know all these things, but they are still so fast when it comes to condemning bitcoin and cryptocurrency in general. I guess they have a huge part to play anyway in the fiat bubble.

[Crypdon]

If the governments were smart they would start to accumulate bitcoin and other crypto currencies. They can use it to pay off their debts while their currency still has a use.

[BartS]

Do you know that the global debt is around 230 trillion USD?
This is around 325% of the global GDP.
Countries like Japan have estimated debt of around 250% of their GDP.
China`s corporate debt is around 150% of China`s GDP.More than 50% of that debt is created by the govenment owned corporations.

Every idiot,who calls bitcoin a bubble should look at these stats.
The global debt bubble is 10000 times bigger than the crypto or bitcoin bubble.
The cryptocurrency prices are pumped by this bubble.This bubble will create the new Great Depression.

The world economy is based on debt, they are borrowing from tomorrow to spend today and things are not going to improve anytime soon, this can only get worse and the worst part is that governments will try to get out of this by printing more currency and creating more debt and you cannot get out of the current crises doing exactly what caused it in the first place that is when we are really going to see which one was right those that bet everything to fiat or people like us that believed in cryptocurrencies.

[Afonos]

If the governments were smart they would start to accumulate bitcoin and other crypto currencies. They can use it to pay off their debts while their currency still has a use.

Maybe your opinion is very simple, but if you think about that there is a point. Why does the government not mine as much bitcoin as possible by using sophisticated tools and collections of geniuses, then the results are used to pay the state debt? While for fiat money remains normal, it is used as a domestic transaction. This digital currency is all possible, because the birth of bitcoin starts from assumptions, so the price of bitcoin will tend to be predictive.

[timerland]

Do you know that the global debt is around 230 trillion USD?
This is around 325% of the global GDP.
Countries like Japan have estimated debt of around 250% of their GDP.
China`s corporate debt is around 150% of China`s GDP.More than 50% of that debt is created by the govenment owned corporations.

Every idiot,who calls bitcoin a bubble should look at these stats.
The global debt bubble is 10000 times bigger than the crypto or bitcoin bubble.
The cryptocurrency prices are pumped by this bubble.This bubble will create the new Great Depression.

A system that has more debt in it than the total output of the economy, simply will not work in the long run.

A financial crisis will come sooner or later, in one shape or another. And in my opinion, cryptocurrencies could have a large role to play in the economy if fiat currencies implode or start to inflate on a massive scale. And we're seeing this already in various countries, such as Venezuela.

I'd disagree with the statement that crypto prices are being driven up by this debt bubble directly, though. I think that the main thing is that people are realizing that fiat currencies are not a store of value in the long run by any means, and the increase in demand through adoption is what is ultimately pushing prices up.

[BCSHonda]

The pay this dept each country especially big ones have to grow every year. Since resources is not infinite, it is gonna be stuck somewhere. So it is better to keep our money in cryoto .

Is it safe to put money in there? The wealth is growing, we should be prepared for every situation. And the heads of them think differently than we do. And it can take over everything we have, so it takes preparation, protection.