Could the US Economy be wiped out by medical debt?

PodcastWhile inflation runs hot and rising interest rates don’t seem to help, health care and medical debt may be the thing that takes the country by surprise.While inflation runs hot and rising interest rates don’t seem to help, health care and medical debt may be the thing that takes the country by surprise.Watch This Episode On YouTubeListen To The Episode Here:AppleSpotifyGoogleLibsynIn this episode of “Bitcoin Bottom Line,” hosts C.J. Special guest Mike Hobart joins Josh Olszewicz and Wilson Olszewicz. He is an author for Bitcoin Magazine, a seed-oil disrespecter, and a former soldier in the United States. Wilson, Olszewicz, and Hobart begin the episode by discussing what’s happening in the investing world. Olszewicz says that there is no good news at the moment and that rate hikes are not working effectively. Wilson observed people questioning inflation and interest rates, while also seeing that there is someone responsible for them. He believes that the Bitcoin mantra is the answer: rules without rulers. Hobart says that energy companies could have a significant influence on bitcoin acceptance. “I believe we will be closer to acceptance of bitcoin after energy companies such as Exxon[Mobil], Chevron, and ConocoPhillips start speaking out about how they use bitcoin mining to increase their production numbers and revenue. Everyone wants to treat Bitcoin as an equity and stock, or as a heavy metal like gold. It is both and none of these things at the same. The more information about Bitcoin is made available, the better people will understand it and the adoption rate will increase exponentially. “Hobart ends the episode by sharing the danger that medical debt poses to our economy. “The macroeconomic situation is still in flux. The market is looking at housing due to 2008, oil, energy, and gas due to Ukraine, as well as supply rates and shipping rates because of covid. The black swan in the health sector will be a major threat to the market. Concerning diabetes, 10% of the world’s population has it, and 97,000,000 people are pre-diabetic. 40% of the population will or is taking insulin. This does not include all metabolic diseases that are common in society. The United States has trillions of dollars in medical debt. Nobody is talking about the economic impact of this debt. “Tagsterms.Bitcoin Bottom lineHealthcaredebt crisisEconomy

 

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