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RE: The US debt will rise to at least $30 trillion within ten years

in #money7 years ago

There was a time that all fiat money had to be backed up by real gold. Since thats not the case anymore countries are printing money at will. Banks create money out of nothing. Its all virtual now. The ideas behind it were great but it is messed up now.
But perhaps after 100 years people will maybe say the same about cryptos and a new sort of money will be created!
And let’s be honest. The idea behind btc is great but already has been abused multiple times by scammers to generate money!