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Bitcoin a must have investment?

Renowned entrepreneur and author Jeff Booth has endorsed Bitcoin as a ‘“must have” investment in times when central banks are exacerbating the escalating debt problem.

The comments came in a tweet thread discussing the notion that central banks believe they can somehow escape a massive debt problem by exponentially adding more debt.

Central banks believing they can escape a massive debt problem by exponentially adding more debt makes me think of this quote from Mises –

“There is no means of avoiding the final collapse of a boom brought about by credit expansion

…The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”

PS – that debt (BEFORE Covid) was $250 trillion on a global economy of $80 trillion, with $185 trillion of that $250 trillion of debt being added in the last 20 years. And that’s looking backwards….adding at an exponentially faster rate now.

Author of The Price of Tomorrow, a book about deflation, Jeff Booth pointed out that even before the COVID-19 pandemic threw fuel to the fire, global debt was $250 trillion in a global

economy worth around $88 trillion — with $185 trillion of that total debt added in the last 20 years. According to usdebtclock.org, the United States tops the list for national debt with over 10% of the global total, and an ever ballooning figure of $26.7 trillion

Booth believes the only two choices left are grim with the first being governmental default on global debt through a deflationary depression, which would include a banking system collapse, or default through hyperinflation, which appears to be starting already with mass money printing.

The time is now

Euro 2021 nah am Ende, in Bitcoin und Gold investieren

Kann Bitcoin nochmal abstürzen?

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