Countries' debt is increasing scary.

[bangjoe]

Are the government buying Bitcoin? and if they are doing so, what is their goal? is it meant to reduce their extent of borrowing? most national borrowing are gradually becoming a routine without an actual knowledge on what it is being spent on. especially for some of the third world countries that borrows for consumption, buying bitcoin will not solve their borrowing crisis.

Most of those that are at the head of affairs' and that approves these borrowing don't even seek for a better means of running her economy outside of foreign help. before most of them will even think towards bitcoin, we will first see them being intentional about running her economy without over reliance on external help.

In this case it is true that buying bitcoin for the government will not solve the problem because there are large operations that need to be paid, we must know how to invest is feasible and useful, those who have income greater than expenditure then there is residual money that we call discretionary income, if the government has it then in the storage of assets bitcoin should be an option, but if income is lower than expenditure then investment is a big question mark when the need continues to demand financing.

Countries should have state enterprises that make money for government operations, which can be said to be financially independent, but we know the situation and condition of a country can not be like that depending on how the management of the government, not least the government deliberately borrowed rather than thinking hard how to get more money with effort.

[AmaGold70]

Global government debt is something that will continue to increase because the powers that be designed it to be that way. In addition to the items you mentioned, another thing increasing the debt is corruption that makes it easy and possible to move most of those borrowed funds to private accounts of few individuals that call the shots. This is why you have few individuals who their combined wealth almost supersede that of their country. There is really no hope in this as long as fiat is concerned because the people in power have unlimited power to print, borrow and even raise money and to spend same anyhow they please.

Every country borrow money to fix one challange or the other in their own country, but where corrupt leadership is involved, the leaders borrow for their own use instead of borrowing to fix the country. I have seen a situation where a particular leader on seat will resort on borrowing throughout his own tenure in office to carry out projects within the country, and eventually leave heavy dept for the country to repay. At the same time, another person will come into thesame office, and make do with the money generated from the country's source of income, and at the same time still carry out good , and sustainable projects.
If any country should borrow money for any reason, that money should be used properly, and with accountability, and not on the platform of greed, and intention to take undue advantage of your own country.

[CryptopreneurBrainboss]

That my opinion, I like to know your opinion about the subject.

Every country is owing at least one other country and as such the whole world is in debt but again you might ask who is the world in debt to, and the answer I will give is itself. The word economy is being operated on debt and that is how every government function. The way the economy is structured the debt of a country will never be paid off instead the debt will keep on increasing as the population of the world keep increasing. Buying bitcoin is a way to protect yourself from the inflation that governs the world, as you protect yourself you stand a chance to have a better life and achieve financial freedom which should be our desire in order to escape this rat race (white collar job) that have been engineered to deceive us and ruin our lives.

[bitgolden]

It's not really scary, because it has been going on for decades, and honestly it has gone out of control years ago and we are still going. The economy is at a tipping point where it is not possible to recover that much.

Just look at USA, most of their tax goes to just interest payments over their debt, and yet people are still living like nothing is going on, regular old complaining on twitter or something but that's it. We are not seeing the next French revolution, we are not seeing protests and change of government and putting better people in charge. We are just seeing whining.

[suhadi88]

Global debts reached historic levels of 320 trillion, this growth was caused by pandemic, military spending. The debt of United States, China and Japan concentrate the biggest debts. The power and the accountability that we gave to the government to administrate our tax money never was in worse hands, with the irresponsibility of our rulers causing inflation, decreasing the population's purchase power, increasing poverty and social inequality, to solve this the government always print money. And increase the debt.

Buy Bitcoin is not just a act of resistance to all this, is a act of intelligence.

That my opinion, I like to know your opinion about the subject.

I think what will come to people's minds is finding a balance of values ​​to survive. Yes, one way is by investing in crypto, an asset that offers a defensive value, and BTC is one of the key lifelines for those who have a vision for their future financial journey.

Regarding debt, not just one country is experiencing it; almost all countries have similar problems, and they are trying to suppress inflation in various ways. Some are holding interest rates, raising them, or simply assessing the situation. I see El Salvador consistently appearing in the news, as they are trying to strengthen their economy through the adoption of new financial technology, making BTC one of their mainstays and a long-term strategy, despite facing considerable criticism to date.

[passwordnow]

It's not really scary, because it has been going on for decades, and honestly it has gone out of control years ago and we are still going. The economy is at a tipping point where it is not possible to recover that much.

That's the truth that there won't be any recovery anymore. The debt has been there for so many years and we're not even born yet at that time, each country has already a debt except for the few ones which have got zero to low debt. We're already dealing and living with it. And even as individuals, we've got loans for ourselves and credit cards. So the whole economy for most countries is rotating with borrowed money.

[uneng]

It's not really scary, because it has been going on for decades, and honestly it has gone out of control years ago and we are still going. The economy is at a tipping point where it is not possible to recover that much.

Just look at USA, most of their tax goes to just interest payments over their debt, and yet people are still living like nothing is going on, regular old complaining on twitter or something but that's it. We are not seeing the next French revolution, we are not seeing protests and change of government and putting better people in charge. We are just seeing whining.

It's not a static situation since decades ago, though. It's a snowball which is getting bigger and rolling faster along the years. At some point people will be crushed by it... People are living normally as if nothing was happening, because they are ignorant and alienated on this matter.

For those who still can see, it's noticiable quality of goods is decreasing, because producers decrease ingredients or replace them by cheaper ones in order to remain competitive on the industry. Compare how durable were goods from the previous generations to how disposable they are now. Compare the size packages of the food, the ingredients used to produce the food, the durability of the clothes and accessories you use.

Everything is made to not last these days, while decades ago they were made to last a lifetime. This is also consequence of increasing debt and inflation out of control.

[hedgeh0g]

Global debts reached historic levels of 320 trillion, this growth was caused by pandemic, military spending. The debt of United States, China and Japan concentrate the biggest debts. The power and the accountability that we gave to the government to administrate our tax money never was in worse hands, with the irresponsibility of our rulers causing inflation, decreasing the population's purchase power, increasing poverty and social inequality, to solve this the government always print money. And increase the debt.

Buy Bitcoin is not just a act of resistance to all this, is a act of intelligence.

That my opinion, I like to know your opinion about the subject.

Yes, bitcoin is a real counteraction to such a system where money is constantly being printed, countries do this by having endless emissions, and this is wrong in terms of devaluing deposits and just money in their wallets. Well, the limited issue of bitcoin is a real phenomenon in our time because there is no longer a single currency in the world that would be pegged to the gold standard. Therefore, it is very important to try not to sell bitcoins, but to keep them by trying not to buy too much for yourself. After all, we all know that bitcoin will soon update its highs again, and now is the most profitable chance to accumulate.

[Chilwell]

Global debts reached historic levels of 320 trillion, this growth was caused by pandemic, military spending. The debt of United States, China and Japan concentrate the biggest debts. The power and the accountability that we gave to the government to administrate our tax money never was in worse hands, with the irresponsibility of our rulers causing inflation, decreasing the population's purchase power, increasing poverty and social inequality, to solve this the government always print money. And increase the debt.

Buy Bitcoin is not just a act of resistance to all this, is a act of intelligence.

That my opinion, I like to know your opinion about the subject.

Yes, bitcoin is a real counteraction to such a system where money is constantly being printed, countries do this by having endless emissions, and this is wrong in terms of devaluing deposits and just money in their wallets. Well, the limited issue of bitcoin is a real phenomenon in our time because there is no longer a single currency in the world that would be pegged to the gold standard. Therefore, it is very important to try not to sell bitcoins, but to keep them by trying not to buy too much for yourself. After all, we all know that bitcoin will soon update its highs again, and now is the most profitable chance to accumulate.

Bitcoin is the only thing that can save us all, this because printing money does not solve problems rather it complicates issues which is going to affect the people, I will say that it has even started affecting them because inflation is everywhere now. You have a very good point here when you said this is the right time for us to buy Bitcoin, building your bitcoin polifolio by this time is actually the best because the price is a little bit low and starting at this particular period is also the best strategy, start even with the little amount you have but one thing I will advise is that you should make sure you are buying from your discretionary income so that your investment will be a very comfortable one, and also using the best strategy which I will advise you to go for DCA method because it help you in controlling your emotion and also don't stop you from buying despite the price at any time.

[goldkingcoiner]

Global debts reached historic levels of 320 trillion, this growth was caused by pandemic, military spending. The debt of United States, China and Japan concentrate the biggest debts. The power and the accountability that we gave to the government to administrate our tax money never was in worse hands, with the irresponsibility of our rulers causing inflation, decreasing the population's purchase power, increasing poverty and social inequality, to solve this the government always print money. And increase the debt.

Buy Bitcoin is not just a act of resistance to all this, is a act of intelligence.

That my opinion, I like to know your opinion about the subject.

Bitcoin defies the governments and their fiat schemes. This is why it is the next generation of money.

More and more debt is being generated by printing money out of thin air. Well... Not thin air, since the we all have to pay the price. Whether it is the cappucino which is twice as expensive now or simply buying food, which either changes by having a worse quality or same quality for twice the price. Either way, it is the regular guy who has to pay the price is what I mean...

[Cheema02]

Rising amount of government debt does not automatically make Bitcoin the only solution or it is the only intelligent solution that is this present and I also do not agree with this, there are governments who do excessive bowrowing and they have poor fiscal management that is contributing to the inflation and also making their economy un stable so that is not sign of failed economy or it is not assign of failure, governments often borrow to finance their nfrastructure or to finance their education systems there are countries who do borowing to make their economy stable during the time of extreme crisis like pandemic the main problem is how the debt is used and how it will be returned over the time Bitcoin is very volatile and it is not a good solution for a country, so a country should have better governance and transparents spending on the single assets they should have responsible debt management system who can address the challenges related to it.

According to increasing government dept it doesn't means that Bitcoin is the only solution of these situations because many other ways like government borrow which are used in many difficult situations like in any pendemic situations and also by building hospitals and Schools government helps the  people in many ways.Taking loan is not always wrong sometime it proves beneficial if the amount is used in wise way. For very misleading the main problem is poor management. Bitcoin is very authentic investment but it's very changeable so it's not safe way to invest especially for investment of country. For strong economy loyal and honest and also a wise leadership is required. So government should need create job opportunities and make facilities for public if it wants long term success and stability.

[Emitdama]

Every country borrow money to fix one challange or the other in their own country, but where corrupt leadership is involved, the leaders borrow for their own use instead of borrowing to fix the country. I have seen a situation where a particular leader on seat will resort on borrowing throughout his own tenure in office to carry out projects within the country, and eventually leave heavy dept for the country to repay. At the same time, another person will come into thesame office, and make do with the money generated from the country's source of income, and at the same time still carry out good , and sustainable projects.
If any country should borrow money for any reason, that money should be used properly, and with accountability, and not on the platform of greed, and intention to take undue advantage of your own country.

I would say they are not borrowing to "fix" anything, they are borrowing to grow, and that sometimes works, sometimes doesn't. Think of it like a company, lets say that you have a business that makes 1000 dollars a month profit, and you take out 50k debt, and your goal is to grow your business to make 1500 or even 2000 dollars, and yes you now have debt that you need to pay back, that is true, but your excess income now you have, should go towards paying that back.

When the debt is done, you have a business that is bigger. Of course, before that debt is over, you can also take 100k more debt, and now you aim to make 3-4k a month instead, and so forth. That way, you always have at least 1 debt, or maybe even 3-4 debts, but you keep growing. If you fail to grow, you fail to pay back the loan, that's when nations print money, they do not want to, but they have to.

[MRY]

According to increasing government dept it doesn't means that Bitcoin is the only solution of these situations because many other ways like government borrow which are used in many difficult situations like in any pendemic situations and also by building hospitals and Schools government helps the  people in many ways.Taking loan is not always wrong sometime it proves beneficial if the amount is used in wise way. For very misleading the main problem is poor management. Bitcoin is very authentic investment but it's very changeable so it's not safe way to invest especially for investment of country. For strong economy loyal and honest and also a wise leadership is required. So government should need create job opportunities and make facilities for public if it wants long term success and stability.

The government loans would be positively influenced when it is used to construct the government hospitals and schools. Cryptocurrency is not a viable main source of state funds since it is too unpredictable. The economic collapse is a big cause which is attributed to poor management of finances. The characteristic of clean leadership and creation of real jobs can only be used to stabilize the situation in the long run.s