Cryptocurrency News

As much as I would like to believe that the economic destruction will one day reverse and common-sense will prevail -- ie. from global beaurocratic bloat (governments growing year-over-year and becoming increasingly less efficient), and ie. government decisions that prioritize immediate spending to transfer wealth from the public sector (our tax dollars) to private contracts (like military spending) -- I base my decisions on statistics and probabilities.

And the statistics say that what has happened over the last 55 years, since the debt snowball accelerated in the 1970s, it will continue well into the future, as this gigantic debt snowball continues to grow and speed-up in momentum.

At this point, it would take a miracle from God Himself to reverse the coming economic catastrophe, as no human or group individually anywhere on this planet has the ability to stop it.

Lacking group consensus and determined will, which is not there, I no longer believe this global economic situation is salvageable without extreme harm to everyone.

And so, judging by past government actions and decisions, and projecting what has been to what will be, the odds favor an acceleration of money printing and inflation.

There's also a saying: "when all else fails, they take you to WAR."

The crumbling global economic mess is creating a lot of war mongering trigger-happy politicians who are, right now, increasing military spending and building up reserves of troops and munitions.

So not only will they destroy the economy, but they are adamant at distracting us with a tangent; once the wars begin, we'll forget all about the financial problems.

Needless to say, I would appreciate if this reality doesn't come to fruition, and I would willingly take a cut in my Bitcoin investments to be proven wrong.

However, I will not hold my breath for a last minute saving grace to steer us away while we're driving 300 km/h into a brick wall.

For this reason, I place my bets on Bitcoin.