Sirwin
Sirwin

The Consequences Of Debt


We don’t have a trillion-dollar debt because we haven’t taxed enough; we have a trillion-dollar debt because we spend too much.

 -Ronald Reagan

The consequences of debt spending for the U.S Government has led to the least valuable dollar we have ever seen. We haven’t seen prices rise this fast  in 30 years. The government’s solution for all of this out of control spending? More debt, more spending, more taxation. Our government would rather bury us all in debt in the name of “what is right” than face the consequences.

Debt’s consequences are as follows; endless taxes, endless money printing, a shaky foundation for the U.s economy, consumer prices through the roof, wealth inequality the likes of which we have never seen, and average families being left behind at a faster pace than ever before. The only winners  here are the politicians, bureaucrats, special interest groups,  and corporations which continue to line their pockets, and reap all the benefits of this money printing bonanza. Consequences mean nothing to the beneficiaries of our system of debt. 

heap of different nominal per dollars

What do these consequences mean to the rest of us? They mean that we are not in a good spot to put it lightly. It means that the economic normality we have come to know will be in the the past sooner than later. The government will attempt to pin the blame solely on the “greedy” wealthy class pinning citizens against one another. Debt will reach a breaking point, and massive change will have to come as a result. 


 The biggest consequence of all of this is that cryptocurrency will replace this broken system.  This is the silver lining we have been looking for, to shift the power back to the people. The part of the story where transparency, and accountability transcend the corrupt system we’ve come to know. The powers that be will no longer be able to cheat main street, and we are getting a fresh start as early as today! Economies have begun to walk away from systems built on debt, from cities here in the states to Entire countries in El Salvador, to Ukraine The Blockchain cleanse has begun.

 

Written by Caleb Hogan from ofthefreemarket.com on November 9, 2021

 

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OfTheFreeMarket
OfTheFreeMarket

We Are Of The Free Market, Here For The Free Market. We want to grow and connect with the blockchain community, and bring this technology which impowers individuals to the main stream. Blockchain will disrupt and change everything we know about the world!


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ofthefreemarket.com

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