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Greece debt crisis appears to have been averted, or at the least delayed. A €50 billion bailout package has been offered, if the Greek parliament agrees to implement extensive reforms that have been demanded by the eurozone.
Puerto Rico, a commonwealth estimated to have roughly US$72 billion in debts, announced this week that the accumulated debt simply cannot be paid.
America’s national debt has spiraled out of control, now worth several thousand times Bitcoin’s total value as the country may be heading for another recession.
Puerto Rico has defaulted on $800 million of its general obligation bond debt, with no plans on paying it back. Smart investors go with Bitcoin instead.
As the total debt of the US federal government surpassed it’s all time high record with $19,659,460,647,160.83. Bitcoin is proving to be one of the very few alternatives for financial protection.
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National debt and central banking slowly drain people of wealth. What if, instead of national debt, we were able to use cryptocurrency to give people equity?
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