Recently, Bo Yan saw in the news that the United States is now in deep debt, with a staggering $36 trillion in government bonds like a ticking time bomb.

The head of Bridgewater Associates, Mr. Dalio, has stated that this could potentially overturn the global economy.

You see, both China and Japan are quietly selling off U.S. Treasury bonds, and even the international rating agency S&P has downgraded America’s credit rating, which clearly indicates a sense of impending crisis.

If you calculate the time, it’s about due for something to happen, after all, from the 2008 financial tsunami until now, it’s exactly caught in the 8-10 year economic cycle.

Moreover, the U.S. is currently facing a myriad of troubles – too much debt, engaging in trade wars everywhere, and international relations are as tense as a powder keg, making it truly concerning all around.

Interestingly, those big shots on Wall Street have recently been trading in Bitcoin, and BlackRock’s CEO Larry has openly stated that their company treats Bitcoin as the new gold to hoard, with ETFs flying off the shelves. If you think about it, isn’t this just a fear that one day the dollar might collapse and everyone will need a new hard currency?

In my opinion, we common folks should prepare for both scenarios: first, keep an eye on whether the Federal Reserve will cut interest rates in May or June, and second, pay attention to the developments in international trade frictions.

Don’t keep all your money in the bank; learn from the smart people by buying some gold or digital currencies, treating it like putting a safety cushion for your wallet. In these times, watching the news more and spending less is the real principle for keeping your wallet safe.