Could Medical Debt Be The Black Swan Event That Takes Down The US Economy?
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On this episode of “Bitcoin Bottom Line,” hosts C.J. Wilson and Josh Olszewicz are joined by particular visitor Mike Hobart. He’s an writer at Bitcoin Journal, a seed oil disrespecter and a former member of the USA army. Wilson, Olszewicz and Hobart open the episode by speaking about what’s at present taking place within the investing house. Olszewicz states that there’s at present no excellent news and we’re seeing how price hikes don’t work successfully.
Wilson has noticed individuals beginning to query inflation and rates of interest whereas seeing that there’s a individual liable for them. He believes the answer is the Bitcoin mantra: guidelines with out rulers. Hobart remarks that vitality corporations have the potential to have a major impression on the acceptance of bitcoin as effectively. “I believe that we will get a lot closer after energy companies like Exxon[Mobil], Chevron and ConocoPhillips become vocal about how they are using bitcoin mining to help with their production numbers and revenue. I have noticed that everyone wants to treat Bitcoin like a stock and equity or as a heavy rock like gold. It is both of these things and neither at the same time. The more information that is put out about Bitcoin, the more understanding people will have, and the adoption rate will begin to grow even more exponentially.”
Hobart closes the episode by sharing the menace medical debt has to our economic system. “With the rest of the macroeconomic situation, the whole market is looking at housing because of 2008; oil, energy and gas because of Ukraine; as well as supply and shipping rates due to covid. I think the markets are going to have the black swan come from the health sector. In regard to diabetes, 10% of the population has diabetes, and 97 million people are prediabetic. About 40% of the population is or will be taking insulin. This does not account for all of the other metabolic diseases prevalent in society. There are trillions of dollars worth of medical debt in the United States, and nobody is talking about how this debt is going to affect the economy.”
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