Does everyone want to buy cryptocurrencies? Why now?

-"When everyone was pointing the finger at the forest, he was looking at the finger."

I believe that Bitcoin has no value, but if my adult clients want it, JPMorgan will give them "as clean access as possible" to the world's largest digital currency.

-"The value of a company is the present value of future cash inflows."

From the Theory of Economics.

Although JPMorgan CEO Jamie Dimon is a long-time cryptocurrency skeptic, he says he wants to give customers "the clearest possible access" to the world's largest digital currency.

At the same time, the $ 28 trillion in debt owed to the United States is causing a stir. This enormous debt is a global threat combined with the real estate crash in China.

"Greed is more opposed to economics than generosity."

La Rosfoucault, 1613-1680, French writer

The House passed a bill Tuesday to quickly reduce debt relief by avoiding a catastrophic default by December 3.

President Joe Biden is expected to sign the legislation shortly, allowing the Treasury Department to continue to pay off loans for debts of more than $ 28 trillion. The additional lending force is estimated to last until about December 3, the same day the state funding ends.

"No one has a clear hand on the debt limit," House Majority Leader Steny Hoyer said before the vote after months of squabbling over who's responsible for launching the debt.

"It's our debt. That's America's debt, "said Hoyer (D-Md.). "Some of that is related to higher spending being pushed on both sides of the aisle - Democrats and Republicans.

"It's your debt - America's debt and America is paying its bills."

As his committee met to prepare the bill for action on Tuesday, House Rules President Jim McGovern (D-Mass.) Said: we are working on a long-term plan ".

Suppose Congress approaches the debt deadline in early December without a solution. In that case, the Treasury Department can continue paying government bills on time for a little longer, depending on federal cash flows. But the agency will not be able to implement the kind of "emergency measures" it used in the summer to maintain the default for months.

Raising the debt limit allows the government to continue financing federal spending that has already been approved by Congress but does not consider the future spending plans of either party.

There is hope that linking the new precipice debt to the next threat of state shutdown could eventually trigger the cross-party talks needed to reach a final agreement on financing military and non-military defense programs—fiscal year.

 Bilateral negotiations on these essential spending measures have stalled as Democrats have focused on infrastructure and social spending plans they have not yet adopted and have repeatedly bowed to Republicans pushing for more than $ 25 billion in Pentagon funding. Biden's request.

As of Tuesday afternoon, more than 160 members stated they would not return from vacation for a personal vote on the issue.

 Instead, these lawmakers plan to vote by proxy, which began during the pandemic and allows one MP to vote for another.

A spokesman for Tom Cole (R-Okla.), A leading Republican in the House of Commons accused Democrats of playing "a game of smoke and mirrors so that they do not have to record on essential objects."

Representative Michelle Fischbach (R-Minn.) Said speeding up the legislation amounted to "insulting members of this body, who are deprived of the opportunity to consider the seriousness of the debt limit extension fully."

"We have always known that the ruthless pursuit of personal interest is contrary to ethics; now we understand that it is also contrary to the national economy."

Franklin Roosevelt, 1882-1945, 

American President [1936-1945]

In the end, everyone owes everyone!

Global debt is impossible to repay!

The next big bubble that will burst will be real estate and then cryptocurrencies.

Greed is the wrong counselor.

And there needs to be more basic food on the shelves of the Super Market!

Remember to buy turkey early this year.

This article is for informational purposes only and does not replace specialized consulting services with professional experts.