The talk of debt is still a big concern and popular topic of discussion for many. When it comes to the U.S. the surging debt is a problem that cannot easily be ignored.
What are going to be the long term consequences of problematic finance policies going unchecked?
Tens of trillions of dollars in debt needs to be serviced and that only becomes more difficult as the issue expands further, growing worse by the day.
For this reason there is favor for changing things, but how to go about seeking a solution is widely up for debate.
How long can the problem be relatively ignored?
What is the consequence of kicking the can down the road for many more years?
Will this worsen the problem?
For the most part it seems not many are intimately familiar with these troublesome policies in average households, they might not even know what the Fed is or does. If there weren't any problem with those policies however, then why for many years has there been frequent discussion surrounding a potential dollar collapse?
Is it entirely baseless fearmongering?
Have fiat currencies historically had any issues?... we know they have more than once.
If things could go on without causing problems then why would this even be a topic of discussion? We certainly know that it has been.
What could that mean for billions of people? We have already seen how fiat mismanagement has impacted billions of people in other countries around the world. They are the ones who end up ultimately paying the price and it comes at the cost of the standard of living for so many.
Even if things do go south we know there are plenty who say there is nothing to fear in that situation either. That can't easily be said or absorbed though by the billions of people who have negatively been impacted already by arguably self-destructive monetary policy we've seen in one region or another.
What will it look like if purchasing power for the people continues to erode? Finance experts have widely admitted this is going to happen but the debate topic is about what rate it might decline. Since the 30s it has been suggested that the U.S. has already possibly lost some 90% of its purchasing power. What shall we expected over the next 30 or 40 years?
This is not to be taken as financial advice, posted for information purposes only.
https://fortune.com/2024/05/25/deficit-debt-warning-janet-yellen-higher-rate-outlook-interest-expenses/
https://fee.org/articles/central-banks-gold-and-the-decline-of-the-dollar/
https://www.forbes.com/sites/digital-assets/2024/04/13/its-going-to-zero-legendary-billionaire-predicts-cataclysmic-us-dollar-collapse-and-a-post-halving-250000-bitcoin-price/?sh=504862f2358c
https://www.forbes.com/sites/digital-assets/2024/06/01/sudden-us-dollar-collapse-fear-predicted-to-trigger-a-157-trillion-etf-bitcoin-price-gold-flip-as-countries-go-dual-currency/?sh=3934ad851df6
https://finance.yahoo.com/news/youre-spending-too-much-time-130000552.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAHU8H_Pz6IjoOJK-H2UPc8OVSm_1EF23rcZqbfGSa0BR0cvGCmxD6isKObR6UqTw7Ij6n2HzRrRar2UVoMSDlv34xULfdMf1PX8eNgFB6ZCTkFNBq7khbr6LO-VAmxBTlZ4wTKQeQRO0EJcasvzlEriDxPeGaO5WymOFTIXrkLVI
https://www.forbes.com/sites/digital-assets/2024/05/28/janet-yellen-issues-serious-34-trillion-warning-as-bitcoin-predicted-to-surge-to-1-million-price/?sh=5d018fd55dda
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