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20 sats \ 1 reply \ @BlokchainB 7 Apr \ parent \ on: Central Banker Affirms, Deflation "Is a Benefit for the People" econ
Yeah but banks and nations treat this debt we owe like mortgage backed securities are assets for folks
You’ll also notice that they are constantly in problems and needing bail-outs. Or the other outcome is the big ones swallow up the little ones that the Federal Reserve Bank says are insolvent. I think a lot of the debt is worse than garbage and shouldn’t even be rated by the rating agencies.
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