🚨 The US national debt has exceeded 35 trillion! Schiff's X tweet triggered the thought that Bitcoin may become the savior of the national debt! 💸
Hello everyone, today we are going to talk about a heavy number. The US national debt has officially exceeded the astonishing mark of 35 trillion US dollars! 📈
💥 Economist Peter Schiff published his insights on social media X. Let's take a look at his views and briefly discuss them!
Schiff's tweet stated that since Biden took office, the national debt has increased by 7.2 trillion US dollars, a figure that 43 US presidents have achieved in 215 years. At the same time, Trump also set a record for the highest increase in a single term during his term, increasing by 7.8 trillion US dollars, and Biden is expected to break this record during his term.
This tweet seems to warn that if the national debt problem is not properly managed, it may become a time bomb. We know that an increase in the national debt means an increase in the government's debt burden, which usually reflects that the government's spending exceeds its ability to collect taxes and other revenues.
🌐Therefore, there is a view that if the United States continues to print money without restraint and participate in unnecessary military operations or aid, the US economy and the global economy may be heading for disaster.
What's more serious is that the interest payment on the national debt has exceeded the annual budget of the US Department of Defense. The United States already spends a surprisingly high amount on defense every year, and now the interest payment on the national debt alone exceeds this figure, which is undoubtedly a problem worthy of attention.
🔄At the same time, Schiff also proposed a solution in another tweet. That is, the US government starts buying Bitcoin now, and then sells it at a high price after Bitcoin is worth a million dollars in 20 years, thereby avoiding inflation and offsetting its growing national debt burden.
However, there is also a view that although this plan seems feasible in theory, it faces many uncertainties and potential risks in actual operation.
💬What do you think of the rapid growth of the US national debt? Do you think Bitcoin can be an effective solution to the national debt problem? Let us see your thoughts in the comment section!
#美国国债 #PeterSchiff #比特币解决方案 #经济可持续性 #国债危机
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