I was talking to my daughter about this and it is possible that Bit Coin and other Cryptocurrencies could wind up being the most stable currencies on earth through an economic collapse starting in the U.S. and China if the debt ceiling isn't raised. Because of Manchin of West Virginia not wanting to participate in debt ceiling being raised.
So, the world right now is on a hair trigger towards world Economic Collapse if all this isn't worked out somehow.
Do I think it will be worked out?
I'm not sure how this is all going to go. I think either way presently could be a problem not only for the U.S. but for the entire world.
Because just knocking the debt ceiling higher doesn't solve the problem of the U.S. being wasteful with money in an unsustainable way.
People in the U.S. seem to believe we are as rich as we were at the end of World War II through about the 1960s.But, it's likely an illusion that our government still fosters. How much of an illusion it actually is is being debated in the halls of Congress right now.
And some are realistic about this and some are not.
And which ones are right?
Either way it's a real mess that the whole world might have to deal with one way or another.
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