In this situation it is fundamental to have a strong and growing economy to stem the risk of default and contagion. The government says anything is fine, inflation disappears and the labour market is in good shape. I trust the gov! Let's go shopping, my AA needs its workout at the mall....
On top of that, most Americans (60% last I checked) have zero savings. When the unemployment rate starts rising over the next 1-2 years, a lot of Americans will suffer greatly.
In this situation it is fundamental to have a strong and growing economy to stem the risk of default and contagion. The government says anything is fine, inflation disappears and the labour market is in good shape. I trust the gov! Let's go shopping, my AA needs its workout at the mall....
Its literally a mad house. A world wide prison, where everyone defends their prison guards, to be able to keep their library access.
On top of that, most Americans (60% last I checked) have zero savings. When the unemployment rate starts rising over the next 1-2 years, a lot of Americans will suffer greatly.
Bitcoin current market cap is $447 billion. That's the entire world.
This credit card debt number is more than double that, and it's only in the US.
wow.
Also, keep this in mind: "Americans pay $120 billion in credit card interest and fees each year"
No wonder these people don't want Bitcoin, they are getting all that money in fees for the debt they created.