Bitcoin 2014: US federal government on brink of collapse.

A Bitcoin World

Published on June 4, 2011 at 5:48 pm

By Patrick McEwen

Bitcoin

It’s the spring of 2014 and the US federal government stands on the brink of fiscal collapse.

The combination of out-of-control spending and an inability to collect revenue due to the rise of untraceable, anonymous virtual currencies has led to spiralling hyperinflation with no end in sight. With entitlement and welfare programs now consuming 20% of GDP alone while tax revenue is a scant 9% of GDP, and huge numbers of transactions completed using untraceable virtual currencies, the size of the underground black market economy is nearing 50% of the total economy.

While this kind of a fiscal nightmare has been decades in the making, its collapse was accelerated ahead of anyone’s imagination by the Bitcoin project….

read long interesting prediction here

http://www.capitalfreepress.com/3138-bitcoin-world/

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Author: thefreeonline

The Free is a book and a blog. Download free E/book ...”the most detailed fictional treatment of the movement from a world recognizably like our own to an anarchist society that I have read...

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