One way or another, U.S. debt will stop expanding unsustainably, but the most likely outcome is also among the most painful, according to Jeffrey Frankel, a Harvard professor and former member of President Bill Clinton’s Council of Economic Advisers. Publicly held debt is already at 99% of GDP and is on track to hit 107% by 2029, breaking the record set after the end of World War II. Debt service alone is more than $11 billion a week, or 15% of federal spending in the current fiscal year. In a Project Sy ...

RT Bitcoin Archive (@BTC_Archive)JUST IN: 🇺🇸 Max Keiser warns U.S. debt crisis will send Bitcoin above $2,000,000. https://t.co/8s3c4nTXrh ...

JUST IN: 🇺🇸 Max Keiser warns U.S. debt crisis will send Bitcoin above $2,000,000. https://t.co/8s3c4nTXrh ...