BREAKING: The World’s Biggest Bank Is Losing Money
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Top Comments (10)
If debt is not a problem, why do we have to pay taxes? Why don’t they fund the entire government by 100% debt? After all, debt is just an accounting trick, according to the so called economist
All debt works the same. It doesn't matter until it does. Once creditors lose faith in your ability to pay you can no longer roll it over and its game over
Country level debt can be confusing. To simplify it, when the world borrows from itself it is borrowing from it's future self. If that borrowed money is used to successfully invest in a better future its great, if it squabbles it then that's bad. To cancel world debt you need large scale bankruptcies or asset crashes, this is very risky because large businesses perform valuable services that usually makes our future better. It's not about money, its about growing quality of life.
30 Trillion in debt!
There's one thing that everyone forget about Japan, politicians, and it's citizens. They have discipline, honor, and love of their country. Versus our politicians only think about is themselves and discipline in America is gone, let alone honor. Not to mention Japan is smaller and has declining population.
Keep stacking sats.
"Did they buy Coinbase IPO" 😂😂
Quantitative easing and tightening sounds like what happens when I take a poop
The woman explaining the debt is from Argentina..
Responsible budget management is the way to go! Dollar may not always be as valuable as it is currently.
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Top Comments (10)
If debt is not a problem, why do we have to pay taxes? Why don’t they fund the entire government by 100% debt? After all, debt is just an accounting trick, according to the so called economist
All debt works the same. It doesn't matter until it does. Once creditors lose faith in your ability to pay you can no longer roll it over and its game over
Country level debt can be confusing. To simplify it, when the world borrows from itself it is borrowing from it's future self. If that borrowed money is used to successfully invest in a better future its great, if it squabbles it then that's bad. To cancel world debt you need large scale bankruptcies or asset crashes, this is very risky because large businesses perform valuable services that usually makes our future better. It's not about money, its about growing quality of life.
30 Trillion in debt!
There's one thing that everyone forget about Japan, politicians, and it's citizens. They have discipline, honor, and love of their country. Versus our politicians only think about is themselves and discipline in America is gone, let alone honor. Not to mention Japan is smaller and has declining population.
Keep stacking sats.
"Did they buy Coinbase IPO" 😂😂
Quantitative easing and tightening sounds like what happens when I take a poop
The woman explaining the debt is from Argentina..
Responsible budget management is the way to go! Dollar may not always be as valuable as it is currently.