# Biden is a Debt Machine, Buy Bitcoin

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Last modified: 2021-02-21

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By Shayne Heffernan · 2021-02-21
Tags: Shayne Heffernan on Investments, Politics, Headline News, Shayne Heffernan, Crypto, America, Opinion, Shayne Heffernan, Bitcoin, Todays Trade Ideas, Knightsbridge Insights
Signed: no (published before platform launch).
Nothing in this article is investment advice.

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And with success US Governments printing money like there is no tomorrow, Elon Musk is correct.

Unfortunately there is a tomorrow and you will be spending or otherwise using your savings in that tomorrow, and if you keep cash the value will be severely hurt by Government money printing.

![Image result for amount of money printed in usa chart](https://livetradingnews-media.nyc3.digitaloceanspaces.com/wp/placeholder.svg)

![Image result for usa government debt](https://livetradingnews-media.nyc3.digitaloceanspaces.com/wp/placeholder.svg)

![Image result for bitcoin supply chart](https://livetradingnews-media.nyc3.digitaloceanspaces.com/wp/placeholder.svg)

![Image result for bitcoin vs us dollar](https://livetradingnews-media.nyc3.digitaloceanspaces.com/wp/placeholder.svg)

Historically, when countries have simply **printed money** it leads to periods of rising prices — there's too many resources chasing too few goods. 

Often, this means every day goods become unaffordable for ordinary citizens as the wages they earn quickly become worthless creating the Wealth Gap we now see in the USA.

The reason is that **printing more money** doesn't increase **economic** output – it only increases the amount of cash circulating in the **economy**. If **more money** is **printed**, consumers are able to demand **more** goods. But if firms have still the same amount of goods, they will respond by putting up the prices.

**Printing** more **money** will simply spread the value of the existing goods and services around a larger number of dollars. This is inflation. Ultimately, doubling the number of dollars doubles prices. If everyone has twice as much **money** but everything costs twice as much as before, people aren't better off, in fact they are worse off.

This is why Bitcoin is less DUMB then cash right now, and why we created a place to easily invest and save in Bitcoin based in the Marshall Islands.

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