Comments by "DrScopeify" (@drscopeify) on "‘The One Thing That Can Save The U.S.’ From Debt Crisis | Paul Barron" video.

  1. ALL GOLD Standards in the last few hundred years have been FRACTIONAL. ALL Gold Standards have been PRICE FIXED. Bitcoin to become a new take on the Gold Reserve is a joke, a clown show, it will mean that EVERYONE that owns Bitcoin will get screwed over. The value will be FIXED,/PEGGED/mandated by Government, the holdings by the Government will be FRACTIONAL so they do not need much in the vault anyway. Look at the price of gold $20 in 1920 $40 in 1970s. It was Fractional and the price was Government Mandated. You want this future for Bitcoin????
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  2. Well the US debt is not as bad as it seems, some 7 trillion of it is internal inside the US Government and another 5 trillion is the FED which returns the interest back to the Treasury so it is basically debt at little cost. So around 12 trillion total is just accounting games as the interest is inside the US Government, the other 23 trillion is real debt and the interest is paid out but that is BELOW the US GDP so yeah, it's too much but nothing crazy
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