21 sats \ 3 replies \ @Undisciplined 26 Feb \ on: USA Destroys Competing Economies econ
That divergence in debt load strikes me as the bigger story than the gap in real GDP growth. The US has added almost 60% of its GDP to the outstanding debt, while the Eurozone has been pretty flat for the past 15 years.
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105 sats \ 2 replies \ @TomK OP 26 Feb
Caution! We are pretty good in creative accounting. Only Germany is hiding more than 100 bio. Euro public debt (it's only for the military budget) in sth. they call 'special assets'
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21 sats \ 1 reply \ @Undisciplined 26 Feb
The feds are pretty good at creative accounting themselves. Don't forget about their hundreds of trillions of dollars in unfunded liabilities.
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80 sats \ 0 replies \ @TomK OP 26 Feb
But isn't it a wonderful feeling to dance on these burning ashes of the fiat clown world with a bag of Bitcoin?
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