U.S. National Debt U.S. default
A topic that has been stirring people's minds in recent months is the U.S. debt ceiling. The general public is asking the question:
"Will the national debt ceiling be raised or will the U.S. default?"
The national debt is the result of the government's financial borrowing to cover the budget deficit. And, as you might have guessed, these borrowings must be paid for.
For the last ~100 years, the U.S. has existed on borrowed capital by placing Treasury bonds. And there is a purely nominal borrowing limit, which in fact America has raised 45 times in the last 40 years so that it can borrow more and more and more. And if they don't, the Treasury will no longer be able to issue debt securities and will only have to cover their expenses with cash balances from their balance sheet.
Spoiler: no money to pay off your own debt
💡Logical conclusion.
The national debt ceiling will be raised anyway, and all the current discussions have only political overtones and have nothing to do with the real economic model of the states. Consequently, no teeth-grinding default and collapse of the global financial system should be expected
How will the increase in state debt affect the cryptocurrency market?
-If you're interested, put +
www.usdebtclock.org
Best regards EXCAVO
