Earth needs Bitcoin as Economy Hits' Debt Saturation Point' — Keiser

Now the planet has so much debt that it is difficult to add more for the first time, said Max Keiser.

The RT host cautioned that the central banks are responsible for the global debt, at a recent inflation point, in the latest edition of its Keiser TV show on September 22.

Together with co-host Stacy Herbert, the Singapore Central Bank (MAS) commented that copying the economic recovery strategies after World War II would not succeed in 2020 as per the data given by the Monetary Authority of Singapore (MAS) last week.

Central banks around the world interfered in currencies, securities, and other properties, to restrict the economic effects of Covid-19 and its lockdowns that proved to be a deeply controversial move.

First of all, it's clear, MAS President Tharman Shanmugaratnam said that you couldn't keep growing your debts.

But experts don't think that many countries are now going to new higher levels of debt that would be manageable without putting major costs on their economies and development.

The national debt of the United States alone has increased to 26.7 billion dollars this year, to 4 trillion dollars since June 2019.

The Earth's economy can no longer sustain debt; we are at the point of overload, concluded Keiser.

As for the effect on more debt-induced economies, he said that ordinary people will pay the bill from now on:

Now every dollar that the central bank's prints will go right into the inflation of the consumer price index – and you will see it directly in a cash register, and it will cause unbelievable civil turmoil.

In the 1940s, States that built up battling debts might unnecessarily expend these debts. Herbert once told us about so many meaningless gig-economic workers that the incomes would not obey wage hikes, leading to what Keiser called 'neo-feudality' as the kind about the divide between the wealthy and the rest of society.

As an escape route from the knock-on consequences of fiat stagnation, Keiser has long championed bitcoins (BTCs).

Bitcoin reflects the counter-thesis of globally regulated money with its fixed, unalterable pollution and decentralized network.

Cointelegraph indicated that the BTC / USD has risen in line with the inflationary balance sheets of central banks and remains susceptible to US dollar results.

Bitcoin, like Gold, is reversing the USD – not on the stock exchange, pointed out Keiser on September 22.

In addition to its technological abilities, Bitcoin encourages so-called low-cost living — saving money and becoming confident that its value will not be increased over time.

This helps the company go easier, cheaper, and easier than saving money as fast as possible, as SaïfedeanAmmous says in his famous book, The Bitcoin revolution equivalent.

Keiser and Herbert observed that the decision of MicroStrategy to deposit over $400 million in cash reserves in Bitcoin was indicative of low-time mentalities prejudicing large corporations.

The 10-year US bond is the most stable commodity today. And all other volatile investments are depleted from liquidity.

Markets boost losses, and US 10Y returns decline to 2.98%. The reverse was predicted by consensus since the causes of money were neglected.

Although global debt has grown over 300% of GDP, and in many countries, the vast majority have grown fiscally and trade deficits globally, economic growth has begun to decrease. In January to November, the global indebtedness increased by nearly 5%, while world growth projections declined by 10%. Saturation of debt.

The wall of the debt faces the wall of concern, and the environmental flows to the safest commodities as surplus money is withdrawn from the economy.

Not only do we see surplus money drained from stocks. In 2019, deficits will grow in 185 countries.

Net capital requires up + reasonable increase in liquidity = Extension of various properties and valuation ends.