In 1947 the outstanding Fed debt was $258B.( USA was emerging from WW11) this was 110% of GDP.
The Fed. Debt would decrease as a % of GDP until 1974.
The Fed debt now sits at over $33T or 122.8% of GDP.
Japan’s debt is 259% of GDP.
This is clearly unsustainable and is past the tipping point of recovery.
This is why we Bitcoin and why it is slowly being adopted.
HARRY 3 / Tezza
npub1qv…j7xxu
2023-10-01 08:41:40
Author Public Key
npub1qv5cyr7kwk35qw88tt5jjl7qpd6ntr98jxn5rplgu2d4v0uk8c4qlj7xxuPublished at
2023-10-01 08:41:40Event JSON
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"pubkey": "0329820fd675a34038e75ae9297fc00b75358ca791a74187e8e29b563f963e2a",
"created_at": 1696142500,
"kind": 1,
"tags": [],
"content": "In 1947 the outstanding Fed debt was $258B.( USA was emerging from WW11) this was 110% of GDP.\nThe Fed. Debt would decrease as a % of GDP until 1974.\nThe Fed debt now sits at over $33T or 122.8% of GDP.\nJapan’s debt is 259% of GDP.\nThis is clearly unsustainable and is past the tipping point of recovery.\nThis is why we Bitcoin and why it is slowly being adopted.",
"sig": "630d8f232fc0a3f52cb838b9963b941180494ca1ac89d01a1cff8263043e6da822ab402419a783359732b8127534f2b6314a5e9ade42e903ddb87d558d756e26"
}