What's crazier than the fact that we are all becoming debt slaves is the fact that most people are unaware or brush off this information when presented with it.
The head of the federal reserve Jerome Powell said it’s not sustainable and that “is an issue that is up to you and not us” while addressing the Congress’ Joint Economic Committee.
He was quoted in this article by CNBC: https://www.cnbc.com/video/2019/11/13/feds-powell-debt-is-growing-fast-than-economy-and-thats-not-sustainable.html and I read out this originally in this CoinTelegraph article: https://cointelegraph.com/news/got-bitcoin-us-fed-warns-national-debt-growth-is-not-sustainable/amp?__twitter_impression=true
He even pointed that “the consequences of not addressing it is just that… our kids and grandkids will be spending their tax dollars servicing debt rather than on the things they really need.”
It’s insane they know it’s a problem and they know it’s not their problem, it’s ours. So, they will leave it up to Congress whom we must get to fix this. Debt-driven economic policy and the results garnered by it are the exact reason cryptocurrency was invented. People need to wake up now before it’s too late. Many would say it already is too late and we cannot fix our economies. The only thing we can do is prep and invest so that our descendants aren’t debt slaves as much as we already are.
Many people do not realize that the concept of inflation is really a secret tax on the people so that they can continue taking out loans they can’t afford. I use tax loosely here as the money isn’t even going to the government to help with public services, no, it’s going to the private corporation that is the Federal Reserve.
Do you know where your money is going and where it’s coming from?