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10 sats \ 1 reply \ @galt 26 Dec 2023 \ on: Global Debt Crisis: Ethiopia Defaults on $33 Million Debt Payment econ
70 low-income countries for $326 billion debt, how long does it take for the US to accumulate the same amount, probably not even a quarter...really don't know how the debt crisis will unfold but looking at the numbers it won't be pretty
There will be a great wealth transfer via inflation, taxation and expropriation. Don't worry, parasites always survive.
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