pull down to refresh

35 sats \ 3 replies \ @BlokchainB 28 Nov \ on: The $100 Trillion Global Debt Bomb and Financial Shock Risk. econ
$100T in assets are in trouble ?
write
preview
90 sats \ 2 replies \ @Undisciplined OP 28 Nov
They're "in trouble" in the sense that there's no viable long term plan for how to pay back, of even service, all the public debt. Some form of default is going to happen, eventually.
reply
29 sats \ 1 reply \ @BlokchainB 28 Nov
Crazy to think so many people depend on payment of the $100T
reply
82 sats \ 0 replies \ @Undisciplined OP 28 Nov
It's a very impressive house of cards.
Here's the distribution of US debt holders as of last year: https://www.statista.com/statistics/201881/holders-of-the-us-public-debt/
reply