The Global bond market is bigger than the entire global market for stocks and shares. Why is this important? Because bonds are 100% debt. And money gets diluted whenever the powers that be decide to print more money. SOmething they do at an alarming pace.
US debt has now crossed the 40 Trillion Dollar threshold. That means it is paying roughly 1 Trillion dollars in annual interest payments. That's more than the US is spending on defence.
In the UK, national debt has just about hit £3 Trillion.
This information is not intended to simply alarm, rather it is intended to inform.
In the UK, national debt has almost crossed the threshold where debt equals GDP (gross domestic product).
The US Government and any other government in the world can print money on a whim. Create money from nothing. Quantitative easing (much used between 2008 and 2010) is a tool used by central banks to create more moeny which is then used to buy the Government bonds that they cannot sell (printing money to fund debt).
It is no coincidence that the purest, most incoruptible money the world has ever seen (Bitcoin) launched during that 2008/2010 bank crisis. It is also no surprise that in every year since Bitcoin emerged, the authorities have tried everything to thwart it's growth in popularity and discredit it.
Some have been influenced by this political anti-bitcoin doctrine. I have most certainly not. I have conviction in its purpose and benefits.
There will only ever be 21 million Bitcoin.
You should get some
No Government on earth can change that 21 million figure. Its scarcity will dictate its ultimate value. I don't know what that value will be in the end, but it could hit $1 Million per Bitcoin. Its prospects are certianly stronger than the US Dollar and the British Pound.
You should know, by now, about Satsman and you should become a Satsman member so you can learn about Bitcoin properly and acquire some as you learn.
You can join for free but I wouldn't do that. I would take advantage of the fabulous offer (while spaces remain) of upgrading and paying $99 for a year and becoming a Founder. As a Founder you can easily cover your cost of the upgrade and more.
As a Founder, Satsman will find you new members even if you can't do the "sharing" yourself.
Do yourself a favour. Become a Satsman member and Founder. You will thank yourself in years to come when that small pile of Satoshi's (bits of Bitcoin) you acquired through Satsman are worth a small fortune.
Join Satsman here
All the best
John
