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American Debt is climbing lets talk about it. Can Bitcoin Help?



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American Debt is climbing lets talk about it. Can Bitcoin Help?

The total debt of the united states is about 19.7 Trillion dollars. This is a record high for the Unites States. What can we do in This time when banks are closing and the government decides to freeze everyones money? Bitcoin is the only alternative that can provide a protection against a collapse. Putting money into Bitcoin now, before the inevitable happens will insure that you have money to show for when it hits the fan.

The American Economy is based on a debt-based money system, and our debt is soon going to pass 17 Trillion sometime in 2017. How do we cover these debts? We use the federal reserve and we print more money causing the worth to go down. Its safe to say that the current financial system is crashing and we need something new to replace it. Bitcoin can be the answer if they move quickly.

As always thanks for reading Please don't forget to follow me.


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idealmike
This is very hmmmm interesting Jkeyz! I'm reading a book at the moment called The Secret History of the American Empire by John Perkins and it has some real eye opening and very quite damning revelations about America and the American government, the revenue and currency systems in place. How it's all rife with international corruption and built on top of a flawed design where the more weight that gets added to it (money printed) the more the very foundation of it gets weaker until eventually it will completely fall in on itself and the value of it will be almost worthless. But that with some understanding and education, Americans can work to create a more peaceful and stable world for future generations to come and that we don't have to leave them with a messy and virtually bankrupt currency system.

I posted on Steemit a while back how the Steemit crypto currency has the potential to free world povery and end hunger forever. How that schools, universities, organizations, charities and foundations can use the Steemit currency to find funding to deliver aid, food and resource to those that need it around the world. Like those in war torn countries and those suffering after natural disasters like those in Haiti now. If the government hurries and wakes up and starts putting some system in place where crypto currency is studied and mined on a large scale through schools, universities and other organizations around the world then it could well be that goes on to do a lot of good!

One thing I know for sure that is definitely going to happen in the world is the one world government. And when that happens there will be one currency as well. Probably credits of some sort that are tied into your implanted RFID that's in your skull or arm or something. Whether we see the one world government happen in our lifetime IDK but we already have RFID chipping going on now and single ID cards that contain everything about you and are used for everything in one card only like your driving license, your TV license, your library card, your Social security card. Your credit card details, your banking details etc etc. Everything so they can reduce fraud and try to keep tabs on where everyone is at any given time of the day.

That will happen because we are ever tip toeing into a totalitarian state where the government wants to wrap us up in cotton wool and know where we are and where we go and what we had for breakfast and what we purchased and everything else we do. That in a way will be a good thing because it will cut out a lot of crime and be able to detect and solve crimes but it will also be a bad thing too because it will be like being in prison or being on tag or something and that's not the world I want to be a part of! Maybe. Depends lol American Debt is climbing lets talk about it. Can Bitcoin Help?



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MusicMoguls
Man some of the things you say sound crazy Mike. The thing is they are not far from the truth. I hope that Bitcoin helps in the decentralization of currency as a whole If you treat currency like a natural resource than many people can benefit. The more people who use Bitcoin the more wallets they have to split the 20 Million Bitcoin with the Higher the price will go. I will look into this book and read it maybe it will have some good points i can use later on in life. I Have never heard of Steemit but i do agree with you on needing global wealth and spreading the money out instead of having a %1. They have already started micro chipping people in Australia i think it would be alot harder to do here in the land of the free. Who knows maybe people will go for it but the history of the United States is people will fight for what they believe in. We went to war over a Tea Tax lol! Thanks for Reading and sharing your thoughts.



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idealmike
You've never heard of Steemit Jkeyz? I'm surprised! Since I shared it on here a while back, several people have made full use of it. Andre has gone on to crack the system and make some considerable, significant money from it. Although he had to earn Steem dollars and then convert that to BC and finally to PayPal. But you should check it out and look into it yourself. It's like a social networking site that's built on top of a crypto currency system and rewards you in Steem dollars for participating. That's the first of it's kind for any social networking site. How much money has greedy fat cat corporations like Facebook, Twitter or LinkedIn or any other social networking site paid its users in the past? Nothing. Zilch. Nada. Not a single cent. Meanwhile they are busy sucking us dry for every penny we have and forcing us to boost posts to reach more people. Going on to make them a multi billion dollar organization that doesn't offer its users any single way to earn money from their site and systems. That's why America is slowly corroding from the inside out due to greedy conglomerates like Facebook that suck all the money out of the system and don't put it back in. Although they do invest it in areas so as to show they are trying to do some good with it but we haven't really seen anything good come of it yet. Have we?

And yeah it's a good book. Very eye opening! American Debt is climbing lets talk about it. Can Bitcoin Help?



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MusicMoguls
Thanks Mike im going to look into it!



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Lynne
Yes I'm also surprised that you missed all those Steemit discussions from Andre where he shared his progress and tips.

I have joined Steemit but I have not had enough time and energy to really do anything with it. If I had more time I think I would enjoy it but I need to focus on my own websites.



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MusicMoguls
I Actually just signed up im going to see what i can get going lol im really hurting rite now... I have a ton of Bitcoin but if i take anything to pay bills the government wants 30%. Im trying to avoid cashing out unless i need to invest for something into the business. Its tough because i have Bitcoin but i cant spend it.



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idealmike
You can convert BC to Steemit dollars and Steem which you can use to get more steem on your posts so they get more upvotes and you earn more Steemit dollars. Or something like that! Andre cracked Steemit not long after I told him about it and he's wrote about it and how to use it and how to earn Steemit dollars and how to convert Steemit dollars to BC and vice-a-versa etc. It is a bit of a learning curve but if you're quite savvy and clued up about BC, BC mining etc, as you are, then you would probably find it very interesting and I'd imagine any posts you create on Steemit about BC, BC mining etc (along with photos and that if your mining rigs) will go down very well on Steemit and could end up being quite valuable to you if your posts get a lot of upvotes and that and mostly anything about crypto currency does.



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Lynne
Yeah I think the debt all over the world is incredibly high. If you look at the average person I believe most people have credit cards, loads and debt with so many people living way beyond their means.

I believe there are loads of people that are stuck in the vicious cycle of debt where they need to continue taking more debt out just to be able to cover their monthly financial commitments. I know how this feels because I was stuck in that cycle years ago.

I believe people need to start looking at ways to earn and ways to invest their money! Great post.



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MusicMoguls
Im glad to hear you are not in the cycle anymore i hope to soon be out of it myself. Thanks for sharing..



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Cristian
Questions I've been asking myself for a couple of years now:

Will the global economy collapse at some point? If the answer is yes, my next answer would be "When?" - Estimate.
How bad is it going to be? A global collapse will surely be many times worse the than the 2008 Crisis right?

Either way, if the collapse is that big that banks will close and people will be unable to withdraw their money, I don't really think Bitcoin is going to save anyone once pandemonium installs.



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MusicMoguls
See thats where your wrong Bitcoin will actually be the reason people have any money to begin with if the economy collapses. While the average person is fighting with the bank about their account, im spending my money and trading assets freely. I think i explained this on another post but ill say it again. Bitcoin survived Russia being sanctioned, it survived the UK splitting, and it survived silk road. When traditional money fails Bitcoin thrives, China is the perfect example of this. I don't for see a global collapse happening i see the USA falling and i know w are the worlds currency at the moment but countries like china Russia and more have been pulling out of the dollar for the past 10 years now. Something like 30% of the GDP has moved away from American dollars already and that number is growing fast. In the mean while Bitcoin just keeps getting more valuable. Thanks for sharing



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Corzhens
It looks like you love Bitcoins so much that you even think that it can help the economy of the country. You have to be realistic with commerce and accept the fact that Bitcoin is just a commodity like a gift check or gift certificate. In fact, the gift certificate is even better because it is valid anywhere and the value is stable while the Bitcoin is not accepted anywhere that even in the internet you need to find a buyer to convert it to cash. Pardon me for this comment. I am just being honest in my opinion.



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