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X @Joe Consorti ⚡️
Joe Consorti ⚡️· 2025-07-16 16:26
In this situation.Lending freezes. Banks collapse. Millions of jobs are lost. Homes are foreclosed on.The United States economy crashes. Asset prices tank.So:a) This can't happenb) The case for BTC shoots from 0 to 1, as it'd be the only money aroundThanks for playing. https://t.co/oL5UYsyLdz ...
How America's Debt Spiral Could Spark The Next Crisis
CNBC· 2025-07-07 10:01
Our fiscal situation is a 350 pound, two-pack-a-day smoker on the ICU table. The U.S. federal budget is on an unsustainable path. We're going to be broke really quickly unless we get serious about dealing with our spending issues.There's no shortage of voices sounding the alarm about the national debt. America's borrowing levels are currently the same size as the entire economy and are expected to skyrocket from here. That's because the U.S. spends way more than it brings in and then borrows to cover that d ...