11 sats \ 2 replies \ @south_korea_ln OP 22 Jul \ parent \ on: Developing countries face worst debt crisis in history, study shows econ
Most of these countries on this list do not need to use nearly half of their budget on paying back debt... it's that debilitating ratio that makes it a burden on those developing countries. All of these developed countries as you call them can also negotiate reasonable interest rates.
Debt is a good thing in the current fiat world, if you can use it to your advantage.
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0 sats \ 1 reply \ @BitcoinAbhi 22 Jul
Yes, debt is a good thing in current fiat propoganda but I doubt if they would sustain this way for very long.
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0 sats \ 0 replies \ @south_korea_ln OP 22 Jul
True. The US has been very good at off-loading its debt to other countries through inflation, but let's see how long they'll be able to pull this off.
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