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24 sats \ 2 replies \ @random_ 20 Jul 2024 \ on: Who owns the US debt and how Bitcoin can fix it? bitcoin
EXPLAIN WHY LUXEMBOURG HOLDS >4% OF FOREIGN OWNED US DEBT.
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14 sats \ 0 replies \ @SwearyDoctor 21 Jul 2024
it's held IN Luxemburg, not BY Luxemburg. Luxemburg has long been a tax haven within the EU. EU citizens can open accounts in any EU country, with certain tax benefits. So people with high net worth have Luxemburg accounts.
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0 sats \ 0 replies \ @sangekrypto 14 Mar
maybe it should be managed better, if it is paid it will take a long time
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