Senator Cynthia Lummis said on Friday that the legislation of the Bitcoin law, which he introduced last year, is the only way to stop the US $ 36 trillion from falling under the debt. He said the state had no time for weak corrections.
Speaking at Capitol Hill, he presented three results: inflated default, printing money hyperinflation, or turning to crypto and technique to confuse the confusion. His contribution is on Bitcoin.
Cynthia explained the stakes without hesitation. He said that if the country's default device, everything breaks. “The system is built on trust. If we do not pay back what we owe, that trust will disappear,” she said.
The US dollar would collapse, credit would disappear and markets would freeze. “We would kick something worse than great depression,” said Cynthia.
According to Cynthia
Cynthia said that printing money would destroy the dollar value and launch the country's insane inflation. “We are talking about Zimbabwest, the level of the Republic of Weimar,” he said. Rent, gas and groceries would shoot until the salary was stuck. “Everything becomes affordable. It's not the future I want to face Americans,” she said. The state is constantly working, but everyday life collapses for ordinary people.
He called Bitcoin a deflation solution that puts pressure on the right side of the economy. “Technology increases productivity and reduces costs. It gives us room to grow faster than debt,” he said. Cynthia pointed to AI, robots and crypto as examples of this change. They are tools, not trends, he said. “They are the only real weapons we have.”
Cynthia compared the future of the dollar to the British nail. He said it dominated global trade, but is now in fifth place. “It didn't disappear. It just lost power,” she said. The dollar saw the same fate as the US pretends to be a debt.
Even if the dollar sticks around, Cynthia warned that it was already broken. “This is how we appreciate the assets. But this yardstick bends. When that happens, prices will rise even if the real value does not,” she said. His tips? “Buy real assets or stay behind.”
White house, treasury and congress are locked into the chaos of the debt
In the meantime, the US Treasury system is dealing with, so even their own advisers want to destroy the debt ceiling. From April 30, the Treasury Borrowing Advisory Committee announced that the current setting will cause “volatility, higher costs and threaten the global status of the dollar.”
They want the congress to simply borrow power to the White House and be ready. Debt yield exploded last month after President Donald Trump threw tariffs on the long list of countries on April 2, which forced the Treasury to move rapidly.
They announced that they would sell $ 125 billion in coupon debt next week, including $ 58 billion in 3-year-old bonds, $ 42 billion in $ 10, and $ 25 billion of 30-year-old bonds to raise $ 30.8 billion in new cash.
The Treasury announced that they have been placed on the ceiling since February. They have had to empty their cash residue to keep the state solvent. It doesn't work long.
According to the Congress Board, in March, the US may run out that the US may run out of borrowing. Predictor Wrightson Icap said the state could last until the second week of September – if nothing goes wrong.
TBAC made it clear that staying under the cork screws cash flow and short -term treasury bills. The boundaries do not stop spending. They just break the government's ability to move money.
“The debts limit has not successfully promoted fiscal responsibility,” the report said. “But it has damaged US credit rating and can hit the dollar reserve status.”
Congress Republicans use the ceiling to demand cuts. The last extension died on January 1st and since then the Treasury has used “extraordinary measures” to simply pay bills. It is not sustainable.
During the January Senate confirmation range, the Rev. Secretary, Scott Bessent, said that the revocation of the limit was easy, but if Trump tells him to do so, he does it. “The United States is not going to fail to fulfill its debts if I have been confirmed,” he told the legislators. But he also said that the ceiling works like a car brake. “You can still hit the brakes without it, but it's one of the less features.”
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