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27 September 2020

'Price of Tomorrow' author says Bitcoin is a ‘lifeboat’ amid financial turmoil

'Price of Tomorrow' author says Bitcoin is a ‘lifeboat’ amid financial turmoil


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Author of "The Price of Tomorrow", a book about deflation, Jeff Booth pointed out that even before the COVID-19 pandemic threw fuel on the fire, global debt was $250 trillion in a global economy worth around $88 trillion — and $185 trillion of that total debt had been added in the last 20 years.

tops the list for national debt with over 10% of the global total, and an ever ballooning figure of $26.7 trillion.

It asserts that technology and price deflation will cause lasting widespread unemployment, while the global economy is underpinned by an unstable mountain of debt

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cointelegraph.com
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