The developer Kim Dotkom has urged to change dollars for bitcoins rather

in #crypto6 years ago

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The recent tweet of the developer, creator of the file hosting service of Megaupload and the supporter of bitcoin Kim Dotkom has caused serious discussions. He has advised all to change urgently dollars for bitcoins, didn't become too late yet. According to Kim, the USA will never be paid by the public debt which increases every year by $1 trillion.

The dotcom is sure that the American national debt will destroy national economy and will cause global financial crisis.

"1 TRILLION DOLLARS — the American national debt increases by this sum EVERY YEAR! Expenses of the budget are financed by creditors who will never return the means. The American empire will fail what the world economic collapse will follow. Convert the American dollars which are available for you into gold and bitcoins as soon as possible until dollars became toilet paper" — Kim Dotkom in the tweet calls.

And though the ambiguous reputation of the developer can force to doubt truthfulness of his words, reasons for fears nevertheless exist. It is worth looking at figures: for the last 10 months the federal budget deficit has grown by the whole 20%.

Also recently the Congress has submitted the report according to which during the period from October to July expenses of the country have exceeded income for $682 billion. And it, in turn, exceeds an indicator for last year for $116 billion. Some experts connect growth of deficiency with modern policy of Trump who adheres to the strategy of reduction in taxes and increase in expenses.

According to forecasts, by the end of 2018 the deficiency will be $793 billion, and next year it will appear at the level of $1 trillion. Also experts believe that interest payments within debt servicing will become the most fast-growing article of annual expenses. Perhaps, in 30 years she will exceed expenditure for defense and safety.

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