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US National Debt Nears $38 Trillion, Rising $6 Billion Daily


Investors resort to secure assets, such as Bitcoin and Gold, where the American national debt approaches $ 38 trillion.

US national debt is currently 37.9 trillion dollars, by $ 69,890 per second – or nearly $ 4.2 million per minute – during the past year, according to the Joint Economic Committee of the American Conference.

This equals amazing 6 billion dollars per day – Greater than GDP of more than 30 countries, according to data from worldteter.

The change in the national debt of America over the past 12 months, is measured in certain time periods. source: The Joint Economic Committee of the American Conference

American actor Keith Silf said on Friday that the debt balance is scheduled to exceed 38 trillion dollars in weeks and perhaps up to 50 trillion dollars within a decade, and urged imminent action.

“Congress must now behave – the financial responsibility of your leaders before the gradual slide becomes a sudden collapse.”

At the current rates, the United States is expected to exceed $ 38 trillion in 20 days.

Investors flow to bitcoin and gold

Last week, Jpmorgan Bitcoin (BTC) and gold as a “Debasement” are described amid uncertainty in the dollar.

This came when Bitcoin reached the highest new level ever at $ 125.506 on Saturday, while Gold reached a new rise of $ 3920 on Sunday.

The fixed offers of bitcoin and the decentralized nature have caught the increase in institutional attention, with the likes of Blackrock Larry Find – as soon as Bitcoin – in January it benefits Bitcoin that Bitcoin could reach $ 700,000 on currency concerns.

Ray Dalio, founder of the world's largest hedge box, recommended the Bridgewateer Associas, in July that investors allocate 15 % of their wallets in solid assets such as Bitcoin or gold to improve “the best return to risk”.

Dalio says it is not only America

At that time, Dalio said that other western countries like the United Kingdom will face the same issue of “debt ring” and that their currencies will continue to be weak for bitcoin and gold, which he described as “effective diversity.”

Reuters informed at the end of last month that the global debt grew to a record level of 337.7 trillion dollars by the end of the second quarter, and is claimed by more quantitative mitigation and more soft American dollars, noting data from the International Finance Institute.