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Thursday, May 4, 2023

US sovereign debt and what trend follows from such debt?

According to Statista (2023), the US national debt today is about 31.5 trillion dollars. This debt of the USA should not be returned immediately, but nevertheless, it is necessary to return the amount from various sources in the future.

When there is a printing press for cash, then, in principle, you can not be afraid of how to return. And this amount certainly will increase in the future.

But if it is controlled, then the funds must be returned in any case. And this can be done only at the expense of very dangerous maneuvers for the economy. And if in case of difficulties, it will increase unemployment, social issues, and much more.

Moreover, one can imagine that, on the other hand, this is a debt for 350 million of the world's population (only 5%). And there are 7 billion people in the world. It logically follows that if every country wants to live like in the US, then the world economy needs about 600-650 trillion US dollars.

With the increase in information equality in the world, the level of social demand also increases. And it is that many countries will also strive to conduct policies as in the leading economy such as the US. Because there is no other experience in the world. Therefore, all countries fall into such a trap.

Such an amount of equal distribution can logically be achieved only through transparent blockchain technology systems. And most likely the trend will be such that blockchain technologies will develop at the company level. The long-term nature of the company will depend on the level of development of blockchain technology in the company, and most importantly, the quality of products and services.

This means that the trend will go towards the fact that the world will be run by responsible companies that provide and serve citizens with various types of services and products in the future. And this means that blockchain technologies will gradually develop in all sectors of the economy. For example, today there are more than 23,000 types of blockchain solutions (Source: Coinmarketcap.com)

Therefore, the world is moving towards a new generation of blockchain technologies. Those countries that manage to master and implement blockchain-based management systems in the economic sectors will lead the world in innovation, growth, and development.

Of course, scammers will also try to jump into this area, where they will invest and develop new products for robbery. Therefore, it will be necessary to carefully check new blockchain tokens and crypto offerings.

And most importantly, this trend gives the most vital need - freedom to citizens from the hegemony of banks and state systems that have selfish goals in the economy (corruption, bank interest, bribery of the judiciary, and others).

This trend will of course grow slowly. We are still at the beginning of the journey. The market capitalization of a blockchain company today reaches around 1.2 trillion US dollars (max value was around  3 trillion in 2021). In 20-30 years, the volume of capitalization of the cryptocurrency market can grow by 300-500 times. That's the trend that should be learned now.

US sovereign debt and what trend follows from such debt?

According to Statista (2023), the US national debt today is about 31.5 trillion dollars. This debt of the USA should not be returned immedia...